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We must soon reckon with the most contentious economic question: who pays for this crisis?

The public finances must be repaired but how to share the burden?

By Tim Pitt  

Chancellor Rishi Sunak Photo: HENRY NICHOLLS/WPA Rota/Press Association Images

Universal credit claims soaring. Nearly a third of businesses laying off workers. Economists predicting the steepest collapse in GDP on record. Statistic after statistic justifying the unprecedented interventions overseen by the chancellor to deal with the economic impact of Covid-19.

Implementation issues aside, the approach has rightly drawn broad support. Economists and politicians of all persuasions agree the Treasury should throw the kitchen sink…

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