The UK's public borrowing hit almost $45.8 billion in August, with the budget deficit so far this tax year overtaking its full-year peak during the global financial crisis
The government has now borrowed 173.7 billion pounds in the five months since the start of the financial year in April, outstripping the previous record of 157.7 billion pounds set in the 12 months ending March 2010.
Many economists and trade unions fear this could lead to a big rise in unemployment for people in sectors such as hospitality, arts and entertainment that continue to bear the brunt of government coronavirus restrictions. Britain’s Office for National Statistics said the revisions partly reflected difficulties assigning government spending to specific months.
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