Why £300bn of government borrowing in the pandemic has been money well spent

he headlines – unsurprisingly – seek advice from document borrowing.

The Workplace for Nationwide Statistics reported on Friday that the federal government’s deficit over the 2020-21 fiscal yr got here in at round £303bn.

That’s up from simply £57bn in 2019-20 and is well the biggest quantity borrowed in money phrases by a UK authorities in a single yr.