are still not quite back up to pre pandemic levels. although it looks like a tiny squeak below where we were before the pandemic, it is actually the size of a large recession. then you have a look at what has happened to government borrowing. that has shot up in the pandemic, of course. it hasjumped up, it was forecast at the last budget to be £355 billion but look at this, how fast it has come down. this is really interesting because thatis this is really interesting because that is before any tax cuts or spending tax rises or spending cuts have been announced. with austerity measures, it has dropped really sharply, about half of what it was last year just because really sharply, about half of what it was last yearjust because we don t have to spend as much on emergency measures. without austerity measures. then you look at what is happening to tax, remember, this is a conservative chancellor who likes to think he is not a tax and spend guy but is driven by demographics and if