Office For Budget Responsibility

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The UK's public sector net borrowing is estimated to have reached £34.1 billion in December 2020, £28.2bn more than in December 2019, which is both the highest December borrowing and the third-highest borrowing in any month since monthly records began in 1993.

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The UK's budget deficit rose to £31.6 billion in November, the third-largest monthly budget deficit on record and the highest since May, according to the latest figures from the Office for National Statistics (ONS).

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Sir George Mathewson, the former boss of the Royal Bank of Scotland, has urged the UK Government to write off all state-backed loans to businesses to give firms a better chance of survival during the coronavirus pandemic. Sir George said that the government should fund the giveaway through increased

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The economic impact of the efforts to tackle the coronavirus pandemic could Scotland's Gross Domestic Product (GDP) fall by around a third, according to a report by the Scottish Government’s chief economist Gary Gillespie.

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