The legacy of the pandemic will have long-lasting, possibly irreversible, effects on the economy that the government will have to face over coming years. The most notable being paying for the immense increase in government spending on support packages offered. The government deficit will increase to levels not seen since the Second World War, and with it the national debt. This will alter the complexion of the UK’s public finances for decades to come. The pain of lockdown imposed to reduce mortality rates will mostly be felt by the young and economically insecure. There are likely to be calls for those who benefited most from the lockdown to contribute most to paying for it. What should economic recovery look like as we step forward? Who should pay for the national debt?
Chair: Neil Gibson, EY
Prof Roy Graeme
Dr Victoria Winckler
Prof Cathy Gormley-Heenan
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