U.K. Posts Largest Budget Deficit Since Modern Records Began
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, 2020-05-22 at 12:21 PM (638 Views)
(Bloomberg) -- Britain posted a record budget deficit in April as the government unleashed an unprecedented package to prevent the collapse of the virus-stricken economy.
The budget deficit stood at 62.1 billion pounds ($76 billion) last month, the Office for National Statistics said Friday. The figure is equal to the total borrowing in the whole of the previous fiscal year.