The Covid Hangover
How much pain will we have to endure in public tax and spending to pay for Covid?
The Bottom Line · BBC Radio 4
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Show Notes
What are the long-term implications for the Covid crisis for the British economy. The government has borrowed more money over the last 12 months than ever before in peacetime. The ratio of public debt to national income is above 90%. If it rises even further do we need to worry? How will the chancellor manage the economic pain caused by coronavirus? What will it mean for tax and spending - and is there a route back to growth? Evan Davis and guests discuss.
GUESTS John Kay, economist, author, consultant Dame Minouche Shafik, director of London School of Economics and Political Science, former deputy governor of the Bank of England Gemma Tetlow, chief economist, Institute for Government
Producer: Julie Ball Editor: Hugh Levinson