Business / Verslas

What awaits the British economy?

The UK may need to borrow as much as 1/4 of that is 25% of the raised budget

Published

7 mėn. ago

2020 balandžio 23

Admin

(UK) banks have announced they have committed £ 2.8bn to businesses during the coronavirus epidemic. (UK) banks have announced £ 2.8bn for business during the coronavirus epidemic, but budget deficits could still be around £ 200-600bn

The UK may need to borrow as much as 1/4 of that is 25% of the raised budget

The coronavirus epidemic is expected to have a particularly severe impact on the country’s public sector, taxes are likely to increase. According to the study, the UK may need to borrow £ 500bn. Last year, the deficit was £ 48.70 billion

Related Topics:British economy corona coronavirus epidemic

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@United Kingdom

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The debt of the UK population is growing. UK residents do not return money borrowed from the bank for a variety of reasons. There is no doubt that this is due to the spread of the coronavirus. By the Wikipedia the UK national debt amounted to £1.78 trillion, or 86.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £48 billion (which is roughly 4% of GDP or 8% of UK government tax income).

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1 mėn. ago

2020 spalio 14

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The highest in the UK over all three years. This was greatly influenced by the coronavirus. More than 500,000 unemployed people in the UK are young people aged 18-27. Unemployment in the country was reported to be 0.4 percent. higher than at the beginning of this summer. Coronavirus was hit by a record low unemployment rate in the UK, at 3.5% at the time.