The £700 billion refers to the total government deficit since the beginning of Covid-19 as of February 2023.

Here is our video on how this money ended up with the rich:
   • How COVID-19 MAKES the Rich Richer - ...  

The total size of the government debt (and thus the total deficit since covid) can be found here:
https://tradingeconomics.com/united-k...

The total US deficit since the beginning of the covid is actually $8 TRILLION! (I said 3 trillion in the video), this is about $25,000 for every man woman and child in the US.

For a deeper understanding of the concept of money and what it is, watch our "What is Money Video" here:
   • What is Money?  


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