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Covid, HGV driver shortages and protest costs

More or Less: Behind the Stats

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Economic Fallout and Debt Dynamics

This chapter analyzes the economic repercussions of the COVID-19 pandemic and the resulting surge in UK government debt, now at approximately £2.2 trillion. It compares this current debt situation to past financial crises, particularly the 2007-2009 crisis, and explores the unique dynamics of low interest costs amidst high debt levels. The chapter also investigates the ownership of this debt and raises critical questions about its sustainability and the implications of the Bank of England's policies on the economy.

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