Coronavirus: Government faces WW2-sized bill for tackling virus

Coronavirus: Government faces WW2-sized bill for tackling virus

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The cost of the government’s efforts to combat the coronavirus pandemic has risen to £123.2bn, according to latest estimates from the government’s independent economics forecaster.

The Office for Budget Responsibility’s previous estimate was £103.7bn. The increased cost of the government’s furlough scheme is the main cause.

It now expects annual borrowing to equal…

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