Rishi Sunak has borrowed £270 billion this financial year to pay for the Covid pandemic – more than enough, you would imagine, to keep the Chancellor awake at night.
As the Budget approaches, he will be worrying whether the size of the UK’s debt burden means we are storing up problems for the future, says The Telegraph’s financial columnist Ben Wright.
In the video above, he explains how you can tell when a country has borrowed beyond its means and asks if the worry for the Chancellor is actually more around politics than economics.
Watch the video above for Ben Wright’s full analysis.
Read more on the Budget here: https://www.telegraph.co.uk/business/2021/03/02/spring-budget-2021-rishi-sunak-when-announcement-time-uk/
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