Government borrowing shows scale of pandemic challenge

Responding to this morning’s economic stats, Liberal Democrat Spokesperson for the Treasury Christine Jardine MP said: “The scale of the Government borrowing illustrates clearly just how huge an economic challenge people and businesses have faced in this pandemic.

Christine Jardine MP

“Ministers must remember that behind these figures are millions of families, individuals and businesses who need support to get by in this and by refusing to extend furlough and the business rates holiday the Government putting all of them, our recovery and public finances at risk.

“This Government has serious questions to answer about its economic strategy – if indeed it has a long term plan – and should immediately publish its analysis of what the impact of a wave of insolvencies and job losses would be on our debt and deficit.”

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