LONDON, 10 July. - (ANA) - The United Kingdom (UK) government is on course to borrow half a trillion pounds ($650 billion) over two years as the cost of its response to the coronavirus pandemic mounts. 

 

The Institute for Fiscal Studies estimates that this year’s deficit will reach £350 billion ($440 billion) - a record for any peacetime year. 

 

The Daily Telegraph says the “debt mountain” will “pose a challenge to Rishi Sunak and his successors as chancellor (minister of finances and economy) for many decades to come”.   - (ANA) -

 

AB/ANA/10 July 2020 - - -