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UK debt soars to highest since 1963, retail sales slump

FILE PHOTO: The spread of coronavirus disease (COVID-19) in London
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LONDON (Reuters) - A measure of British public debt leapt to close to 100% of the country's economic output in April, its highest in nearly 60 years, and retail sales slumped by a record 18% as the coronavirus crisis hammered the economy.Government borrowing of 62.1 billion pounds in April alone was just a fraction lower than its total for the whole 2019/20 financial year. It was also far higher..
Date Published: May 22, 2020
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