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NHS England coronavirus poster, February 2020 [22] NHS England poster for the "Catch it, Bin it, Kill it" slogan which has been revived in the fight against COVID-19. The first published government statement on the COVID-19 situation in Wuhan was released on 22 January 2020 by the Department of Health and Social Care and Public Health England. [23]
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 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 most recent monthly figures show the government borrowed £11.2bn in November 2024, which was £3.4bn lower than the same month last year and the lowest November figure since 2021.
The ONS estimated that full-year public sector net borrowing was £120.7 billion in 2023-24, £6.6 billion more than predicted. UK annual government borrowing higher than forecast in blow to ...
The annual amount that the government must borrow to plug the gap in its finances used to be known as the public sector borrowing requirement, but is now called the Public Sector Net Cash Requirement (PSNCR). The PSNCR figure for the financial year end 2017 was £46 billion, [3] total British GDP in 2017 was £1.959 trillion. [23]
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 UK government said it did not take part in an 8 April bid for €1.5bn (£1.3bn) worth of PPE by members of the European Union (EU), or any bids under the EU Joint Procurement Agreement, which was set up in 2014 after the H1N1 influenza pandemic [4] because the UK had left the EU. [5]