National debt pile still climbs to £2.17tn or about 98.5% of GDP, the highest ratio since March 1962
Britain’s stronger than expected recovery during the third lockdown limited government borrowing in April to just less than £32bn, an improvement of £16bn on the record high set a year earlier.
As parts of the economy reopened and businesses adapted to Covid restrictions, tax receipts improved from a year earlier and government spending on the furlough scheme fell, said the Office for National Statistics (ONS).
