UK Government Borrowing in the Time of Corona

The BBC lays the amount of new money created in the UK, during the Corona crisis. To spell it out :-

“Since the beginning of the financial year in April, government borrowing has reached £214.9bn, £169.1bn more than a year ago.

The independent Office for Budget Responsibility (OBR) has estimated it could reach £372.2bn by the end of the financial year in March.”

https://www.bbc.com/news/business-55013192

The natural consequences of this? Inflation, even if it takes a few years for the currency to begin circulating, or the death of the pound? Take your choice.

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