UK borrowing at record high as virus cost soars in April

UK borrowing at record high as virus cost soars in April

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Government borrowing surged to £62bn in April, the highest monthly figure on record, after heavy spending to ease the coronavirus crisis.

It means the deficit – the difference between spending and tax income – was larger last month than forecast for the whole year at the time of the Budget.

The data from the Office for National Statistics revealed the soaring cost of support, such as furlough schemes.

But Chancellor Rishi Sunak said things would be worse without government aid.

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