If the world banks are so short of money how did the UK government manage to borrow 90 billion pounds in 2008?

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2026-07-06 22:55

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The UK government was able to borrow £90 billion in 2008 primarily due to the global financial crisis, which prompted a significant intervention by central banks and financial institutions to stabilize economies. Investors sought safe assets like government bonds, leading to lower borrowing costs for the UK. Additionally, the UK government implemented various measures, including quantitative easing, to enhance liquidity and support borrowing during the crisis. This combination of factors enabled the government to secure the necessary funds despite broader financial challenges.

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