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To ‘level up’, the UK needs a real jubilee: a mass write-off of debts

Even before cost of living crisis, the poor owed the government – or, the Crown – £16bn. Why not just write it off?

To ‘level up’, the UK needs a real jubilee: a mass write-off of debts
People pass a portrait of the Queen made of Lego outside Hamley's Toy Shop on Regent Street, London | PeskyMonkey / Alamy Stock Photo
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As the Queen’s Chaplain herself reminded us on Radio 4’s ‘Thought for the Day’ this week, the word ‘jubilee’ isn’t just another term for an anniversary, monarchical or otherwise, nor a byword for bunting.

The biblical ‘jubilee’ was the blast of a trumpet, every 50 years, that heralded the write-off of everyone’s debts.

This “radical and counter-cultural” measure, the Venerable Liz Adekunle told listeners, brought “reconciliation” and a “clean slate”. She urged us to ensure “that amidst all the partying”, we “get a chance to remember the original meaning of jubilee”.