'There is no magic money tree'published at 17:17 British Summer Time 30 March 2020
Merryn Somerset Webb, editor in chief of personal finance magazine MoneyWeek, told Radio Scotland’s Drivetime programme the economic fallout from coronavirus will be felt for years to come.
Speaking as the Institute of Fiscal Studies warned the crisis could cost the economy in excess of £200bn in the next year, she said: “There is no magic money tree.
“If you spend this money, it has to be paid off at some point, someone has to pay for that.”