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Covid’s full cost to the UK economy is still being counted – The Guardian

Despite Rishi Sunak’s warnings, Boris Johnson’s strategy is to keep spending big in hope of recovery

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This has been a stinker of a year. More than 54,000 people have died from Covid-19, and the latest forecasts, due out on Wednesday, will show the economy on course to shrink by a tenth or more.
The grim news on growth and unemployment will provide the backdrop to Rishi Sunaks announcement of the Treasurys spending plans for 2021-22 and a warning from the chancellor that he will need to take action to bring down the governments budget deficit next year.
When the pandemic led to the first lockdown…

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