UK Government borrowed extra $589bn in 2020 to run the world's largest budget deficit during the pandemic

‘Borrowing was the right call’, according to Janus Henderson Sovereign Debt Index

The UK borrowed an additional $589bn in 2020, up 24% year on year to $3trn, meaning it ran the world’s largest budget deficit as part of government efforts to shore up the economy during the pandemic, according to Janus Henderson’s Sovereign Debt Index.