Accountancy firm Saffery Champness has warned that with every new measure announced by the UK government to alleviate the strain of COVID-19 on businesses and individuals, and with every passing day that those measures are in effect, the pressure mounts on Chancellor Rishi Sunak to account for how the UK will pay for the debt being incurred.

Whilst some have found comfort in the idea that the UK has been in this position before and draw comparisons between the economic impacts of the pandemic and that of the global financial crisis of 2008, Mike Hodges, a partner in the private wealth team at Saffery Champness, has warned that wh...