India Bans Rice Exports?, The UK Gilts Crisis, Home and Huawei
Multipolarity
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The Government Debt Increases in the Previous Recession
In 2008, 2009 the government deficit increased from 13.1% to 15.8%. We did hit something similar in terms of borrowing as a percentage of GDP during the pandemic. And if Britain's caught into a cycle where a recession can generate similar borrowing and paying everybody to stay at home, we're in a lot of trouble.
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