Unemployment is soaring and Britain’s debt pile is a mountain – it’s time for a cost-benefit analysis of lockdown Liam Halligan 28 November 2020 • 4:00pm Rishi Sunak’s spending review made for grim reading. State-backed furloughing and other support measures have seen government spending soar, as the locked-down economy has struggled to generate tax. […] Much of this vast new debt is being bought by the Bank of England, using newly-created money . […] Increasingly, though, since lockdown was renewed, attention has switched to the impact of anti-Covid restrictions on growth and unemployment. […] During much of this pandemic, finger-jabbing pundits have insisted that even considering the economic drawbacks of lockdown was callous.
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