Paul Mason: ‘In 2020 we’re accruing centuries’ worth of debt’

Coronavirus has ravaged the British economy

Millions of people across the United Kingdom have found their employment by coronavirus in some way. Whether they were furloughed, accepted pay reductions, or lost their jobs - the crisis has been a major blow to the economy. The government has handed out billions in furlough payments, and has given huge amounts of money in loans to businesses of all sizes. It is also expected that the government will now have to borrow a further £330 billion. According to author and journalist Paul Mason, we are in for a reckoning. The former BBC Newsnight and Channel 4 News economics editor spoke to JOE and gave his verdict on the scale of economic crisis facing the UK.