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World coronavirus dispatch: UK debt outgrows economy in a first since 1963

UK debt is bigger than economy, Beijing outbreak tops 180, Germany Wants to Bolster EU, and other Covid-19 related news from across the globe

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The total level of debt has risen by pound 173 billion over the last year to reach pound 1.95 trillion

5 min read Last Updated : Jun 19 2020 | 3:51 PM IST

UK debt is bigger than economy for first time since 1963: Britain’s public debt is larger than the size of the country’s economy for the first time since 1963, after the government borrowed a record pound 55 billion in May. The total level of debt has risen by pound 173 billion over the last year to reach pound 1.95 trillion, or 100.9 per cent of GDP, as ministers introduced unprecedented support for businesses and households during the coronavirus crisis. Read more here.

Let’s look at the global statistics:

Total Confirmed Cases: 8,500,398

Change Over Yesterday: 150,426

Total

Topics : Coronavirus Lockdown Health crisis USA Russia Britain

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