Covid crisis to send government spending over £1 trillion for first time

Public spending is set to rocket past £1 trillion for the first time this year as ministers pour taxpayer money into tackling the health and economic crises sparked by Covid-19. Economists expect the historic milestone to be passed due to a massive splurge to prevent a depression, with unprecedented support for jobs and businesses. Their prediction will be seized on by hawks in the Treasury who have called for brutal tax rises and spending cuts to balance the books. The cost of bailouts fo