Pandemic drives debt to £2.08 trillion – the highest since 1960:

Pandemic drives national debt to highest since 1960: Government set to borrow a record £400bn this year By Lucy White For The Daily Mail Published: 21:50 GMT, 20 November 2020 | Updated: 22:04 GMT, 20 November 2020 The staggering cost of the coronavirus pandemic has pushed the national debt to its highest level since 1960. … Read more

Britain’s Covid borrowing bill set to hit half a TRILLION this year

Britain’s £500,000,000,000 borrowing binge: UK Covid bill set to hit half a TRILLION this year By Daily Mail City & Finance Reporter Published: 21:51 GMT, 2 November 2020 | Updated: 21:51 GMT, 2 November 2020 Government borrowing is set to balloon to a record £500billion this year as fresh lockdowns slam the economy into reverse. … Read more

Funds that manage £5 TRILLION – and cut fees using robots

The future: Worldwide, more than £5trillion is invested in ETFs Easy, cheap and abundant. That is the lure of Exchange Traded Funds – and investors are increasingly giving in to their appeal. These investment funds, that typically track the performance of specific stock market indices or the value of precious metals such as gold, are … Read more

City firms shift £1 TRILLION to Europe in Brexit breakaway

City firms shift £1 TRILLION to Europe in Brexit breakaway as bosses claim the UK’s financial sector is the ‘forgotten child’ in trade talks Banks scrambling to protect businesses before the Brexit transition period ends From next year financial firms based in Britain will lose the ‘passporting rights’  City bosses hoped ministers could thrash out … Read more

City firms shift £1 TRILLION to Europe in Brexit breakaway

City firms shift £1 TRILLION to Europe in Brexit breakaway as bosses claim the UK’s financial sector is the ‘forgotten child’ in trade talks Banks scrambling to protect businesses before the Brexit transition period ends From next year financial firms based in Britain will lose the ‘passporting rights’  City bosses hoped ministers could thrash out … Read more

ALEX BRUMMER: How terrifying the country now owes £2 TRILLION

How much debt is too much debt? That is the question millions of us will be asking tomorrow morning when confronted by headlines proclaiming that pandemic spending has sent Britain’s national debt — accumulated borrowing down the ages — soaring through the £2 trillion mark. Let me spell it out. £2,000,000,000,000. It is a truly … Read more

Coronavirus will cost the US $16 TRILLION – 90% of the GDP – study predicts

The coronavirus pandemic will cost the US an estimated $16 trillion – about 90 percent of the annual gross domestic product – in the next year, a new study suggests. Researchers say about half of the figure, $8.6 trillion, will be due to premature deaths and those who have long-term health implications from contracting COVID-19.  … Read more

US government deficit set to hit record $3.3 trillion this year

US government debt is set to exceed the size of the economy in 2021 for the first time since WWII and deficits are forecast to hit a record $3.3 trillion this year The Congressional Budget Office published its latest report on federal deficits and debt on Wednesday  Federal debt held by the public is projected … Read more

US government deficit set to hit record $3.3 trillion this year

US government debt is set to exceed the size of the economy in 2021 for the first time since WWII and deficits are forecast to hit a record $3.3 trillion this year The Congressional Budget Office published its latest report on federal deficits and debt on Wednesday  Federal debt held by the public is projected … Read more