UK government borrowing falls in June as economy reopens


Given that the pandemic has put the economy on one thing like a battle footing, it is value noting that once World War Two, it used to be 2.5 instances the scale. The response of the government then used to be to not reduce spending, however to embark at the largest growth of state spending in historical past. Sixteen years later, in 1961, prosperity used to be safe, taxes rolled in and each borrowing and debt dropped hastily.



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