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Corona's debt to the British government has exceeded 2 trillion pound

  • International
  • Lead News
  • 22 August, 2020 17:06:51

Photo: Collected

International Desk: The debt of the British government due to Corona has exceeded two trillion pounds, according to the British Office for National Statistics. The deadly epidemic led to a long period of lockdown in Britain, and most government employees had to be paid at the time, according to Bloomberg News.

At the moment one in eight government employees in Britain is on leave. The amount of debt has exceeded 100 per cent of the UK's GDP, which means that the amount of debt is now more than the amount of national production in Britain every year.

This is the first time since the 1960-61 financial year that the British government has been in debt. In the days of the lockdown, the British government paid 80 percent of the salaries of government officials and employees. This facility will end next October. Opposition parties have stated they will not run in the by-elections. If the government benefits are canceled in October, it will mean that many more people will lose their jobs in Britain. Concerns have spread among millions of British citizens since Britain's recession and its exit from the European Union. Their future will be increasingly uncertain. It is unknown at this time what he will do after leaving the post.

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