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Source: John Paul Tasker, cbc.ca, May 21, 2020

Ultimately, economists say taxes will have to rise, or spending cut.

Government borrowing surged to £62bn in April, the highest monthly figure on record, after heavy spending to ease the coronavirus crisis.

It means the deficit – the difference between spending and tax income – was larger last month than forecast for the whole year at the time of the Budget.

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