Borrowing not sustainable

With Government borrowing hitting more than £22bn in October, Chancellor Rishi Sunak says current levels are unsustainable. Office for National Statistics data shows that between the start of the financial year in April and October, the state borrowed £215bn, with this driven by the coronavirus crisis and the cost of the Government’s response. Mr Sunak has told the Spectator: “It is clearly not sustainable to borrow at these levels. I don’t think morally, economically or politically it would be right.”

Read more: City AM

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