New economic data from the Office for National Statistics show the Government borrowed £303.1bn in the year to March, the highest level since the end of World War Two.
The figures show that, compared to the previous 12 months, borrowing is nearly £250bn higher in the face of the Covid-19 pandemic.
In response to the statistics released this morning, Liberal Democrat Treasury Spokesperson Christine Jardine MP said:
"These record figures are a reflection of the momentous challenge posed by Covid-19 in the past year. As significant as they are, they can't distract from the fact that people and businesses throughout the UK are still in need of support.