How does the government borrow £400 billion?

Описание к видео How does the government borrow £400 billion?

In 2020, as the government responded to the coronavirus crisis, it borrowed about £400 billion more than it collected in revenue. How does the government borrow large sums of money? Where does it come from? What are the risks?

In this video, IFS researcher Isabel Stockton explains the process behind government borrowing, and assess the long-term impact.

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