According to projections from the Office for Budget Responsibility, Britain’s national debt is set to hit £2 trillion for the first time as the cost of the Covid-19 pandemic soars.

Quoted by the Daily Mail and This is Money, IEA Senior Academic Fellow Philip Booth, argued that “we cannot just deal with this by more austerity. The economy must also be liberated from constraints so it can grow much more rapidly in the next three decades.”

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