Where indeed? While I have no wish to recite statistics, it seems agreed that a conservative estimate of the overall public finance cost of COVID-19 in the UK is £300 billion, according to the Office for Budget Responsibility (OBR).
Latest reports show that the UK borrowed £128 billion in the quarter to June, while the deficit of tax receipts over public spending between April and June was £174 billion, compared to £20.3 billion for the same period for 2019-20 and far greater than the previous quarterly record of £76.8 billion in the fourth quarter of 2009, the height of the last crisis. Unsurprisingly, Rishi Sunak stated on...
