UK public debt breaches 2 trillion-pound mark for first time

 Britain's government debt has breached 2 trillion-pound ($2.6 trillion) mark for first time after heavy borrowing to support ecomy during coronavirus pandemic.

Office for National Statistics said Friday that government borrowed a furr 26.7 billion pounds in July, fourth highest amount of any month since records began in 1993. That pushed up debt to 2.004 trillion pounds.

increase also means that country's debt is w higher than value of its ecomic output. U.K.'s debt is worth 100.5% of its annual GDP, first time it has gone beyond 100% since 1961.

deterioration in public finances is due to massive support schemes government has put in place over past few months to cope with ecomic shock of pandemic, which has alrey seen British ecomy shrink by around a fifth. government has cut an array of taxes and spent heavily, tably on a widely used salary support scheme.

“This crisis has put public finances under significant strain as we have seen a hit to our ecomy and taken action to support millions of jobs, businesses and livelihoods," Treasury chief Rishi Sunak said.

“Without that support things would have been far worse."