CONSERVATIVE MP has described the latest figures showing the level of debt and borrowing during the Covid lockdown as ‘staggering’.

During October, the Government has borrowed at the sixth highest since 1993, in order to pay for the Covid lockdown.

The Office for National Statistics have estimated that the current amount of net debt that public sector stands at over £2tr.

This also makes up 100.8% of GDP.

The Mail: STAGGERED: MP Simon Fell calls latest figures staggering STAGGERED: MP Simon Fell calls latest figures staggering

The first seven month of the lockdown also saw an almost unprecedented level of borrowing, estimated to add up to £214.9bn.

MP for Barrow Simon Fell says the county is facing a long way to financial recovery.

Simon said: “These staggering figurers show the scale of the challenge that we’ll have to right public finances as we head into recovery.

“The Chancellor has been clear that he intends to focus on growth and we’re beginning to see the basis of some of this – through the massive investment in green energy such as offshore wind and nuclear, and also in defence spending, both of which were announced this week.”

The Mail: BORROWING: Chancellor of the Exchequer Rishi Sunak says this was the responsible thing to doBORROWING: Chancellor of the Exchequer Rishi Sunak says this was the responsible thing to do

Chancellor of the Exchequer Rishi Sunak said: "We've provided over £200bn of support to protect the economy, lives and livelihoods from the significant and far reaching impacts of coronavirus.

"This is the responsible thing to do, but it's also clear that over time it's right we ensure the public finances are put on a sustainable path."