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UK debt to GDP ratio rises above 100% for first since 1963

The UK government's debt rose above 100% of its gross domestic product (GDP) in May due to a surge in spending to counter the coronavirus-induced slowdown and loss of tax revenues. 

The debt-to-GDP ratio was last seen above 100% in 1963. The debt has grown by a fifth over the past year and now stands at £1.95 trillion, according to The Times. 

While spending surged almost 50% in May alone, revenues plunged by over 28%, pushing borrowing higher to £55.2 billion - the highest single month on record. 

Coronavirus update: Beijing reports nine new cases vs. 22 previous

China’s National Health Commission (NHC) reported on Monday, Beijing city saw nine new coronavirus cases as of end-June 21 vs. 22 cases reported a day
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GBP/JPY refreshes monthly low under 132.00 amid mixed sentiment

GBP/JPY declines to 131.88, intraday low of 131.77, during the Asian session on Monday. The pair recently refreshed the monthly bottom while bearing t
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