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Do we really need to pay back coronavirus debt?

04:56

Do we really need to pay back coronavirus debt?

Governments have borrowed trillions of dollars, pounds and euros to fight the coronavirus pandemic. That money has been used to pay people’s wages during furlough, paid for grants to keep businesses afloat, pumped extra money into health services, and so on. But as we reach the end of the coronavirus crisis, we are going to pay that back, aren’t we? The Independent's Economics Editor, Ben Chu, explains what we are going to do with all the coronavirus debt.

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