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How to Raise a Trillion
Martha Kearney and Dharshini David go back to basics to examine how the UK government can raise enough money to weather the current economic crisis.
In April 2020, the total managed expenditure of the UK economy broke through the trillion pound barrier for the first time. Estimates from the Office of Budget Responsibility put the 2022/23 figure at Β£1,087 billion, equivalent to around Β£38,000 per household or 43.2 per cent of national income.
In this series, Martha Kearney and Βι¶ΉΤΌΕΔ economics correspondent Dharshini David break down the income side of the UK's balance sheet and look at how different forms of taxation, borrowing and the expectation of economic growth are likely to contribute to the way we pay for economic recovery.
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