Just two decades into this century, the UK has already experienced two ‘once in a century’ economic shocks – the 2008 financial crisis and the 2020 coronavirus pandemic. These two shocks triggered the two largest post-war recessions, accounted for successive peacetime government borrowing records, and added over £1 trillion (50 per cent of GDP) to public debt – taking it above 100 per cent of GDP for the first time since 1960. […]