SUBSCRIBERS

UK's big spending offer small spark to economy, but also huge debts

Many business people fear that the government is on course to borrow £350b this year

Published Sun, Jul 12, 2020 · 09:50 PM

London

UK Chancellor Rishi Sunak is doing his utmost to boost the British economy and spending, but economists are beginning to fret about the debt surge.

So far, Mr Sunak's bumper £190 billion (S$333.6 billion) Covid-19 bailout has made him the most popular UK finance minister since Gordon Brown at the beginning of the Millennium.

KEYWORDS IN THIS ARTICLE

Economic stimulus

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%

Purchase this article

International

International

UK's big spending offer small spark to economy, but also huge debts

KEYWORDS IN THIS ARTICLE

International

Biden vetoes bid to repeal US labour board rule on contract, franchise workers

Economic leaders of South Korea, Japan, China say FX volatility is a risk

US automakers win extension on use of Chinese graphite in EV tax credits

US service sector contracts in April; price pressures up

Thaksin’s daughter calls central bank independence an ‘obstacle’

US jobs growth slows in April; jobless rate up to 3.9%

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT