Coronavirus spending to swell UK borrowing by extra 120 billion pounds - think tank
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LONDON (Reuters) - Britain's efforts to keep its economy afloat during the coronavirus crisis are likely to add 120 billion pounds to government borrowing in the coming financial year, more than triple the amount forecast recently, a think tank said on Thursday."Based on the information we have now, it would not be surprising if they were to add around 120 billion pounds to borrowing, more than tripling the amount forecast just weeks ago and pushing borrowing up to 177 billion pounds or 8% of..