Borrowing by the British government in April 2020 was more than ever. At the same time, retail sales in the country hit a record 18%.
On Friday, May 22, according to Reuters.
Against the backdrop of the coronavirus pandemic, April borrowing from Britain amounted to 62.1 billion pounds [75.8 billion dollars]. This is six times higher than a year ago. The borrowing rate of March was also revised – in the first month of spring, the government borrowed almost 15 billion pounds [18.2 billion dollars].
“Public debt, given the massive purchases of Bank of England bonds, jumped to almost 98% of gross domestic product,” the media say, implying a monthly GDP figure.
At the same time, retail sales in Britain in April fell by 18.1% compared with March, while a decrease of 16% was projected.Congressmen called Washington’s withdrawal from the Treaty on Open Skies a “slap on the wrist” to US allies in Europe