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Britain’s borrowing hit its second highest level for an April ever, as the cost of tackling the Covid-19 pandemic and protecting the economy continues to rise.
Public sector net borrowing last month is estimated to be £31.7bn, figures released by the Office for National Statistics this morning show. That’s £15.6bn less than in April 2020, when Britain borrowed around £47bn in the first wave of the pandemic.
It’s still the second highest April borrowing since monthly records began in 1993, due to the ongoing healthcare costs of fighting Covid-19 — such as NHS Test and Trace programme and the vaccine rollout — and schemes such as the furlough programme.
But, it’s actually less than the £39bn which the Office for Budget Responsibility had expected the UK to borrow last month, in its March forecasts.