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Public sector borrowing: How big is it and should we be getting worried?

Just how big is April’s monthly borrowing figure in a historical context? And what does it signal about the direction of the public finances and the solvency of the government? Ben Chu investigates

Friday 22 May 2020 18:44 BST
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Purchases of government bonds by the Bank of England seems to have reassured private buyers that they are a safe investment
Purchases of government bonds by the Bank of England seems to have reassured private buyers that they are a safe investment (AFP/Getty)

The UK government borrowed £63.5bn in cash last month from the financial market, the Office for National Statistics has reported.

As expected, state spending was driven up by pandemic-related emergency spending while tax revenues were crushed by the lockdown.

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