20 financial facts that tell the story 2020
£372.2bn
The Office for Budget Responsibility, the independent watchdog that keeps an eye on how much Chancellor Rishi Sunak is spending, has predicted that public sector borrowing could hit £372.2 billion in the current financial year as the UK government tackles the pandemic. So far, the Treasury has borrowed £208.5bn.
This article formed part of The Scotsman’s Talking Money magazine. You can view the 2020 emag here >>
£522m
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Hide AdMore than 100 million meals were served during August under the UK government’s “Eat Out to Help Out” scheme, at a cost of £522 million to the taxpayer. A total of 130,000 claims were received from 84,700 restaurants, cafés and other businesses, with the Treasury estimating two million jobs were supported.
£45
The limit for contactless payments was