Coronavirus: How much COVID-19 is costing the UK government

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The government borrowed a record £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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Comments

Starky says:

Let’s tax, legalise and manufacture cannabis

Anakin Skywalker says:

Credit rating: DOWNGRADED.

PtolemyJones says:

Any opportunity to embezzle a fortune I guess…

Tania Magnusson says:

Brexit has cost much more than a three week lockdown which was not as strict as in such European countries as Italy and Spain, for instance. Another reason to raise taxes.

Pixelated Cheese Gaming says:

Maybe the people who got 80% of there paychecks should have to pay it back over time with intrest yet again we should be sending the bill to the ccp.

Conah murray says:

Aw mate F the goverment theyre fault this has come here in the first place had theyre chance when they first heard about screw them they dont pay nada

bax442 says:

borrowed from who exactly?

Ivan Gromov says:

Thank god he has a bookcase full of Roald Dahl books backing him up, I feel safe now.

Mike Hunt says:

Get up, stand up. Stand up for your right 🎶

James Bradshaw says:

borrowed £62bn from who??Christ, I missed one credit card payment of £50 and had threats of bailiffs hahaThe world is a funny place!

liam Sullivan says:

Let's blame 5G. Its 5G's fault 😂😂😂

Tom says:

I’m happy to see people are waking up to this stupid virus and the affects of lockdown or agreeing to the vaccine etc

Seko says:

If the UK gov just taxed the rich then this wouldn't even be an issue.

Mehmet Yilmaz says:

There is a depression coming

Betty Harris says:

first of all to say that this comment is not some kind of advertisement, but I just feel the need to say that they are the best masked site 8xygenmask.com, I really think so. I have never had a nicer mask, it is beautiful and does not create a problem when it is warm outside. she arrived in miami in 2 days!

galatura says:

It should be born in mind, that's April's borrowing, it won't be any better in May.

fam alam says:

https://youtu.be/jOWZAYzq3w8
TRUMP DECLARES ALL HOUSES OF WORSHIP TO OPEN!! U.K NEEDS TO OPEN UP ASAP!!!

English Teacher says:

Fake news, fake politicians.

karen spencer says:

Who does the government borrow from? Tell them they'll pay back what they can afford to each week

Pop Jones says:

scrap the pointless HS2 and trident renewal and the government will have more money than they have lost.

Mr Moist says:

Still plenty of money for them
"innocent refugees"

boldntrendy deni rai says:

It’s not government money it’s tax payers money,so basically they’re like a bank they’ve borrowed us our money back and then triple the payments they want back they’re just legal loan sharks

tommy edwards says:

WHAT A LOAD OF MICKY MOUSE BULLSHIT ! …….AS FOR VACCINES ! THERE IS NO KNOWN CURE FOR COMMON COLD'S OR FLU'S ! THEIR ARE TO MANY VARIANT'S OF THE SAME VIRUS ! / PLANET EARTH IS LITERALLY GOVERNED BY SELF ELECTED BUFFOON'S AND NUMB SKULL'S ! ALSO THE SHEEP AND COW'S WHO HERD AMONGST THEM "HUMAN'S " THAT IS ! PERIOD.

keith watkinson says:

Its not costing the government anything they have no money it is public money so what is he even talking about.

Dev Games says:

yet the MPs still gave themselves a pay rise on 5th of may?

ianga1960 says:

Coronavirus isn't costing the government a penny – all of the governments money comes from tax payers.

stevie g says:

Check debtbombshell.com real-time counter for U.K. government debt. Currently over £1.8 trillion and rising rapidly since the 2008 financial bailout of banks. Hey ho such is life.

Just Jo says:

It costs the government NOTHING. Its the people that feel the brunt of this and it’s the people who are PAYING for this not the Government! The government don’t have any money…..it’s OUR money the government spends. Criminals the lot of them

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