Britain plans to sell €300bn in debt in just five months to pay for Covid-19 hit to economy

Britain's deficit is likely to be close to the deficit of up to €30bn facing the Irish exchequer this year.

Britain plans to sell a record £275bn (€302bn) of government debt from the start of April to the end of August to pay for its huge spending response to the coronavirus pandemic, more than double its borrowing in the whole previous financial year.