FINANCE

Looking beyond the lockdown

We may be in the midst of the coronavirus crisis, but what will happen to public finances when we come out the other side, asks Michael Burton

It may seem premature, if not distasteful, in the middle of a lockdown with no end in sight and coronavirus deaths yet to peak, to start planning the next financial year, but at some point there will indeed be a return to a semblance of normality – and budgets.

The bad news is that 2020/21 saw a 4.4% increase in funding from the Government with no guarantees it will be repeated, even without the virus shredding public spending. The NHS is likely to get any leftovers after the costs of the lockdown have been evaluated.

Michael Burton

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