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Money UK debt explodes

13:01  22 may  2020
13:01  22 may  2020 Source:   bfmtv.com

French debt "probably" above 115% of GDP at the end of the year!

 French debt © Hiroshi Watanabe / DigitalVision / Getty Images French debt "probably" exceeds 115% of GDP at the end of the year! Gérald Darmanin announced on Sunday May 24 that the French debt would "no doubt" exceed the threshold of 115% of gross domestic product at the end of the year. A direct consequence of the measures to support the economy taken in the face of the health crisis.

The United Kingdom National Debt is the total quantity of money borrowed by the Government of the United Kingdom at any time through the issue of securities by the British Treasury and other government agencies.

What national debt is and why important. Latest figures on National Debt and how Covid-19 will The UK national debt is the total amount of money the British government owes to the private sector and

La dette du Royaume-Uni explose © Pixabay UK debt explodes The United Kingdom borrowed almost 70 billion euros in April - a record - in its efforts to counter the economic impact of the pandemic.

The debt of the United Kingdom is soaring. Public borrowing in the UK soared from £ 51.1 billion in April over a year to climb to 62.1 billion (nearly 70 billion euros), a record, due to an arsenal of measures to limit the economic impact of the coronavirus pandemic. British public debt - excluding public banks - reached 1,887.6 billion pounds at the end of April, an increase of 118.4 billion and a jump of 17.4% year on year. It represents 97.7% of GDP, said the National Bureau of Statistics on Friday. The impact of the crisis has prompted the government of Boris Johnson to deploy a massive arsenal of support measures ... which is nonetheless costly.

Car rental giant Hertz declares bankruptcy

 Car rental giant Hertz declares bankruptcy © Bloomberg / Contributor / Getty Images Car rental giant Hertz declares bankruptcy Burdened with debt, the car rental company has been hit by full force at the closure of airports. This bankruptcy would currently concern only its operations in the United States and Canada and not the European subsidiaries. Hertz declares bankruptcy in the United States and Canada.

The UK government borrowed a record amount of £13.3 / £15.9 billion in August (public sector net borrowing requirement), which brings total public sector net debt to £823 billion, 56% of GDP

US National Debt Clock : Real Time U.S. National Debt Clock

More than one in five companies in the United Kingdom plans to lay off workers, according to a study published Monday on the impact of the pandemic which is likely to reduce unemployment to the highest since the 1980s, warns an official of the Banque d 'England. The British job market, which before the crisis was breaking records of strength, will suffer in the next three months from the consequences of the cessation of activity, highlights this study by the Chartered Institute of Personnel and Development ( CIPD) and the Adecco temporary working group.

>> Read also - Can the UK really become a tax haven?

According to them, companies have stopped recruiting and are freezing wages. And half of them also plan not to increase salaries next year. Of the more than 2,000 employers surveyed, 21% want to lay off workers in the next three months.

>> Read also - Brexit has already cost a fortune in the UK

SPFL fired warning over administration as expert predicts HALF of Premiership clubs face fight to survive .
A Glasgow-based insolvency expert insists clubs face major difficulties over the next few months if football continues to be stopped. Ian Wright is an insolvency expert from Glasgow -based business advisory company Quantuma and reckons that changes in the tax law could leave clubs struggling.

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