Share

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

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

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 están disponibles en español aquí: https://www.youtube.com/skynewsespanol

Leave a Comment