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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]
“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 ...
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 ...
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 UK government has spent more than it has raised in taxation since financial year 2001–02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England.
LONDON (Reuters) -British public borrowing last month was almost a fifth lower than a year earlier, when the economy was feeling the full force of the coronavirus pandemic, but rising inflation ...
On 17 November 2021, the New Zealand Government launched a vaccine certificate called My Vaccine Pass for individuals who have been vaccinated against COVID-19. The vaccine pass is required to enter hospitality venues, community, sport and faith-based gatherings as defined by the COVID-19 Protection Framework .
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 ...