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Government borrowing hits record high in April

UK government borrowing surged to just over £62 billion in April 2020.  This is around £51 billion more than in April 2019 and is the highest level since records began in January 1993.

Government debt at the end of April 2020 was £1,887.6 billion (or 97.7% of GDP), an increase of £118.4 billion (or 17.4 percentage points) compared with April 2019.

Farrell Financial Planning are independent financial advisers based in Glasgow and do not give advice on government debt levels.

All data is quoted from the Office for National Statistics and is correct as at 22/05/20.

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