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“While the public sector net borrowing figure was much higher than the £14.1 billion consensus estimate, the UK 10-year gilt yield was unchanged at 4.594 per cent which implies the bond market ...
On 28 March, Fitch Ratings downgraded the UK's government debt rating from AA to AA−, because of coronavirus borrowing, economic decline, and lingering uncertainty over Brexit. The ratings agency believed the UK's government deficit for 2020 might equal 9% of gross domestic product (GDP), compared to 2% the previous year. [87]
The UK government ruled out the idea of issuing a vaccine passports for those who had been vaccinated. [3] On 23 February, Prime Minister Boris Johnson announced a review into the idea of vaccine passports to allow people to go on holiday and into venues, describing the proposal as having "deep and complex issues". [4]
The most recent monthly figures from the Office for National Statistics (ONS) show that the government borrowed £17.8bn in December 2024 - £10.1bn more than in December 2023, and the highest ...
[134] [135] [136] Illinois has a Vax Verify website, where residents can download proof of COVID-19 vaccination for businesses that require it. [137] In New Jersey, residents can obtain a digital COVID-19 vaccination record through its mobile app Docket; Governor Phil Murphy specifically avoided using the term "vaccine passport" to describe the ...
The government is spending more on public services than it raises in tax. To bridge this gap it borrows money, but this has to be paid back - with interest - and that can influence wider tax and ...
The COVID-19 Genomics UK Consortium will deliver large-scale, rapid whole genome sequencing of the virus that causes the disease and £260 million to the Coalition for Epidemic Preparedness Innovations to support vaccine development. [142] [143] In April, the UK Government launched a task force to help develop and roll out a coronavirus vaccine.
The British government debt is rising due to a gap between revenue and expenditure. Total government revenue in the fiscal year 2015/16 was projected to be £673 billion, whereas total expenditure was estimated at £742 billion. Therefore, the total deficit was £69 billion. This represented a rate of borrowing of a little over £1.3 billion ...