How do we pay back global debt after COVID-19?

from Mark and Pete · host Mark and Pete

We do not know how this pandemic will end. We do know that we will be poorer when it’s over: GDP is plunging around the world.Millions of households have missed, or expect to miss, payments on at least one bill as a result of the coronavirus crisis, and could face serious consequences as a result, the charity Citizens Advice has said.Since the lockdown started, millions of workers have been furloughed or laid off by employers, and seen their pay fall as a result.Measures have been put in place to allow borrowers payment holidays and stall evictions, but the charity said that after these protections are lifted, millions face a “financial cliff edge”.Become a supporter of this podcast: https://www.spreaker.com/podcast/mark-and-pete--1245374/support.Supporters get updates on new projects and hot takes on the latest news plus Mark and Pete Extra in depth commentary episodes and Mark and Pete vs AI comedy episodes. All right here in this podcast feed. Thank you for your support, welcome to the community.