The UK government is estimated to have borrowed £19.1 billion ($26.6 billion) last month, the highest for February since monthly records began in 1993. The borrowing figure is £17.6 billion ($24.5 billion), more than that of February 2020, according to new data released by the Office for National Statistics (ONS) on Friday. In February 2021, central government bodies are estimated to have spent £72.6 billion ($101 billion) on day-to-day activities, £14.2 billion ($19.8 billion) more than one year ago. In the last month alone, £3.9 billion ($5.4 billion) was spent on the “coronavirus job support schemes”, commonly known as furlough schemes, which pays 80 percent of the salaries of workers who cannot work as a result of the government’s CCP (Chinese Communist Party) virus lockdown measures. The CCP virus pandemic and the government’s lockdown measures have put huge financial pressure on the UK. The extra funding required for government schemes …
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