macroeconomics, economic policy objectives and indicators, inflation, public sector finances
In January 2008, before the main effects of the global financial crisis hit, the UK government had total debts of £520 billion. Since then, borrowing has increased to over £2,400 billion (£2.4 trillion), first due to the increased spending and revenue resulting from the financial crisis, and second because of the economic impact of Covid-19.
Your organisation does not have access to this article.
Sign up today to give your students the edge they need to achieve their best grades with subject expertise
Subscribe