Britain faces ‘decades of financial risk’ as £370bn pandemic bill mounts

MPs call for immediate inquiry into Covid response to learn the lessons of what went wrong

Taxpayers will be left facing “significant financial risk for decades to come” because of the levels of emergency government spending on the pandemic, totalling more than £370bn, a powerful committee of MPs says today.

In two separate reports, the all-party public accounts committee (PAC) paints a daunting picture of the lasting financial strain caused by the first 16 months of combating Covid-19, and says the government must not wait until after the official inquiry to learn the lessons of what went wrong.

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