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'Terrifying!' Sunak's borrowing hits 14.5% of GDP at £303billion – highest level since WW2


Official figures show the Government borrowed £303.1billion in the 2020/21 financial year, as the Chancellor flexed the public purse to help weather the effects of the pandemic. The Office for National Statistics (ONS) said it marked the highest annual total since 1947 – when comparable records began. Political commentator Darren Grimes described the figures as “terrifying”. 

The level of borrowing came well under the £335billion predicted by the Office for Budget Responsibility (OBR) last month.

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