Another lockdown (for many of us at least) has meant yet another extension to the furlough scheme until March 2021.
UK government debt now stands at £400bn and counting, a far cry from the £12bn one-off stimulus initially forecast to tackle the coronavirus fallout.
In this video, Tony Wickenden discusses how the UK will pay for its Covid-related debt.
Tony discusses the historical relationship between debt and growth in the UK, and also how the International Monetary Fund has signalled it is right for countries to keep supporting their economies through the crisis.
He also talks about how tackling this debt will inevitably require a blended approach, including taxation.
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