Coronavirus: How much COVID-19 is costing the UK government
The government borrowed a record Β£62bn last month to pay for the ballooning costs of the COVID-19 pandemic - especially the job retention scheme.
This is almost three times higher than the amount borrowed in April 2012 during the last economic recession.
Sources of government revenue - like VAT receipts - have fallen as consumers spend less on household goods and clothing.
#coronavirus #covid19 #uk
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The government borrowed a record Β£62bn last month to pay for the ballooning costs of the COVID-19 pandemic – especially the job retention scheme.
This is almost three times higher than the amount borrowed in April 2012 during the last economic recession.
Sources of government revenue – like VAT receipts – have fallen as consumers spend less on household goods and clothing.
#coronavirus #covid19 #uk
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News videos are now available in Spanish here/Los video de Sky News estΓ‘n disponibles en espaΓ±ol aquΓ: https://www.youtube.com/skynewsespanol
