UK government borrowing hits record high in April and retail sales slump – business live | Business

7.59am BST07:59 UK borrowing: What the economists say Paul Dales of Capital Economics predicts Britain’s deficit could hit 17% of GDP this year. That’s an immense figure — exceeding the last financial crisis, when the deficit hit 10% of annual output. Dales explains: With little prospect of a swift return this year towards pre-crisis levels … Read more