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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]
The UK government had developed a pandemic response plan in previous years. In response to the first confirmed COVID-19 cases in January 2020, the UK introduced advice for travellers coming from affected countries in late January and February 2020, and began contact tracing, although this was later abandoned. [1]
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 ...
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 ...
On 4 October, the UK Government Dashboard "GOV.UKCoronavirus (COVID-19) in the UK" issued the following note: An issue was identified overnight on Friday 2 October in the automated process that transfers positive cases data to PHE. It has now been resolved.
Government borrowing was much higher than expected in October, as debt interest payments hit a record high and public sector pay rises contributed to higher spending. Borrowing - the difference ...
Justin Tomlinson, a former minister for disabled people, tells the UK COVID-19 Inquiry the government recognised this group was at greater risk from the virus and that work had bee done "at pace" to address this. His comments come after the inquiry had previously heard how disabled people felt their views were not properly heard over decisions ...
17 July – Leaked text messages exchanged between Welsh Government ministers during the COVID-19 pandemic are handed to the UK COVID-19 Inquiry. [74] 18 July – The first report in to the COVID-19 pandemic identifies significant flaws in the UK's pandemic planning strategy which led to a higher number of deaths and a greater economic cost ...