Follow the Money: How much does Britain cost? Paul Johnson

Join Paul Johnson, Director of the Institute for Fiscal Studies, as he examines what it costs to run the United Kingdom's economy. To follow the money. To provide an explanation, of where that money comes from and where it goes to, how that has changed and how it needs to change. We are heading off, in fact, on a journey to not just follow the money, but to track it and pin it down, to find out how much of our money government takes and spends to keep the country we recognise as the UK running.

Government decisions determine the welfare of the poor and the elderly, the state of the health service, the effectiveness of our children's education, and our preparedness for the future: whether that is a pandemic or global warming. As a society, we are a reflection of what the government spends.

Nearly four pounds out every ten we earn goes, one way or another, to the taxman? What are the combined effects of these decisions to take hundreds of billions from us every year and then dish it out again?

Johnson looks at what happened following the financial crisis of 2008-09 and the austerity years that followed. And then at how in 2020 the government reacted to the coronavirus with by far the biggest spending splurge in peacetime history. And he peers into our economic futures as we try to reach a new 'normal' after Covid-19.