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[JUST IN]: CORONAVIRUS Effects: UK debt exceeds £2trn for first time
 
By:
Fri, 21 Aug 2020   ||   Nigeria,
 

Following large state borrowing as the coronavirus pandemic pushed the UK economy deep into recession, British government debt has exceeded £2.0 trillion for the first time official data showed Friday.

At the end of July, total accumulated debt hit £2.004 trillion ($2.61 trillion, 2.2 trillion euros), the Office for National Statistics said in a statement.

 

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