Coronavirus: US Treasury announces biggest ever borrowing as economy struggles

The continuing financial toll of the coronavirus pandemic will see the US Treasury borrowing a record quantity in the second financial quarter. The $2.999 trillion (₤ 2.41 trn) is more than 5 times the previous quarterly record of $569 bn set throughout the 2008 financial crisis. It is likewise much more than the the previous […]

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Coronavirus: Treasury seeks to borrow ₤180 bn over three months

The federal government states it is intending to borrow ₤180 bn over the next three months alone as it moves to cover the coronavirus crisis expense problem. In a declaration, the Treasury stated sales of gilts – plans of fixed-term federal government financial obligation – would rise from next month based upon an evaluation of […]

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Coronavirus: Cutting Premier League players’ wages would cost Treasury ₤200 m, PFA claims

Cutting leading footballers’ pay throughout the coronavirus break out might cost the federal government more than ₤200 m in tax invoices, the Specialist Footballers’ Association has actually declared. The PFA states the loss in earnings would be “detrimental to our NHS and other government-funded services”. When agents from the Premier League’s 20 clubs met on […]

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