Covid-19 update: A £516 billion deficit?
From our UK edition
The Spectator brings you the latest insight, news and research from the front line. Sign up here to receive this briefing daily by email, and stay abreast of developments both at home and abroad. News and analysis A leaked Treasury report warns the UK could face a 1970s-style ‘sovereign debt crisis’ unless the Chancellor introduces new taxes, freezes public sector wages and ends the pensions triple lock. Details below.The UK economy contracted by 2% in Q1, the biggest drop since the financial crash.Self-employed workers can now apply for an income support grant of up to £7,500.Covid-19 hospital admissions are falling more slowly in the north of England than the rest of the country.