Borrowing increased by more than 100 billion pounds ($124 billion) in the two months to May, as tax revenue plunged and the government deployed a massive support package to save jobs and keep businesses afloat during the lockdown.
The recession ripping through the economy will strain Britain’s public finances for several years to come. But the figures, released on Friday, will add urgency to government efforts to accelerate the recovery by lifting the remaining restrictions as the number of infections drop.
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