Global Economic News

UK Budget Deficit Widens On Measures To Combat Covid-19

The UK budget deficit increased sharply in June as the government took measures to support businesses and individuals to address the impact of the coronavirus pandemic.

Public sector net borrowing excluding public sector banks increased GBP 28.3 billion from last year to GBP 35.5 billion in June, which was the third highest deficit in any month on records, data from the Office for National Statistics showed Tuesday.

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by RTTNews Staff Writer

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