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.