Is a high-spending, high-debt economy the new normal?

After a year battling coronavirus, the UK's debt now totals more than £2 trillion. In an effort to keep the economy afloat, the Treasury has paid wages, given tax relief, and even paid for people to eat out. As recently as five years ago, Conservatives would have thought this spending unsustainable. But with Boris Johnson's government being elected on a promise to 'level up' the country, will this high-spending, high-debt economy become the new normal?With Paul Abberley, CEO of Charles Stanley Wealth Managers; Jake Berry, Conservative MP and chair of the Northern Research Group; and David Miles, an economist at Imperial College London and former member of the Monetary Policy Committee. Presented by Kate Andrews. Sponsored by Charles Stanley Wealth Managers. Hosted on Acast. See acast.com/privacy for more information.