Public sector debt exceeds £2trn for the first time

This marks an increase of £227.6bn at the same point last year, of which £151bn was borrowed between April and July, a figure almost three times greater than the £57bn borrowed in the entirety of the latest full financial year (April 2019 - March 2020). July alone saw the public sector borrow £27bn, a figure £28bn higher than July 2019, and the fourth highest borrowing in any month since records began in 1993. Figures from the Office for Budget Responsibility suggests that borrowing could increase to £322bn for the financial year ending March 2021, which would be roughly six times t...