The UK government’s COVID spending may lead to inflation
- Written by John Whittaker, Senior Teaching Fellow in Economics, Lancaster University
The UK government is spending an enormous amount on COVID-19 - supporting the health service, helping to relieve the suffering of those who have lost their incomes, and helping businesses keep afloat.
This spending policy has now been endorsed by the International Monetary Fund. Governments of advanced economies should spend more, says the IMF, not...