Brian Keegan: Covid-19 funding costs set to turn up the heat on extending the state retirement age to 67 next year
The great recession of 2008 was characterised by private sector indebtedness. The growth in the national debt from 2008 on was partially accounted for by the bank bailout, but primarily due to the need to continue social welfare payments and other state services and supports following the fall in tax revenues, writes Brian Keegan