UK’s debt reaches £2 trillion

For the first time, the public sector debt has breached £2 trillion for the first time, as the government throws money at the economy to help the UK through the coronavirus pandemic.

Government borrowing hit £26.7 billion in July, according to new figures released by the Office for National Statistics on Friday.

Borrowing for last month was £28.3 billion more than the same time last year, and the fourth highest since records began in 1993.

Debt hit £2.004 trillion for the first time, and is up around £227.6 billion from a year ago.

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