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UK's 372 billion-pound COVID spend a good estimate for now: Treasury official

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UK's 372 billion-pound COVID spend a good estimate for now: Treasury official
UK's 372 billion-pound COVID spend a good estimate for now: Treasury official   -   Copyright  Thomson Reuters 2021
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LONDON – The British finance ministry’s top civil servant said on Thursday that an estimate of 372 billion pounds ($525 billion)for COVID-related government spending was fine for now, but was likely to change.

Earlier this month the National Audit Office, a government spending watchdog, estimated that government departments had spent around 372 billion pounds on pandemic measures between February 2020 and the end of March 2021.

“It’s a good, reliable snapshot as of today, but we would certainly expect – and I’m sure the NAO would expect – that number to change as we see what happens,” Tom Scholar, the finance ministry’s most senior civil servant, told a panel of lawmakers. ($1 = 0.7082 pounds)

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