LONDON: UK government borrowing soared further in December on emergency action to support the British economy battered by the coronavirus pandemic, official data showed Friday.
Britain entered a first lockdown in late March, which lasted until around the middle of June, hitting the economy hard. A vast chunk of the outlay has been to keep millions of private-sector workers in jobs via the government’s furlough scheme, with the bulk of wages to be paid until the end of April.
“This has clearly been the fiscally responsible thing to do. But, as I’ve said before, once our economy begins to recover, we should look to return the public finances to a more sustainable footing.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.