Tax rises and spending cuts of up to £46bn needed after Covid crisis, warns spending watchdog

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No-deal Brexit would delay economic recovery by ‘almost a year’, says Office for Budget Responsibility

In October, the Chancellor vowed to “get our borrowing and debt back under control”, which the OBR has interpreted as a flat or falling debt-to-GDP ratio by the end of the spending period, in 2025-26.“Tax rises or spending cuts of between £21bn and £46 bn would be required merely to stop debt rising relative to GDP,” its post-spending settlement report stated.

 

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He should lk at the business rates and bloody vat

USA should CUT NASA by 100%.Cut DEA by 60% ICE. by 80% Space Farce by 100%. End the Tax Cut Jobs Act Scam. Make the corporation's pay their TAXES End the Trade War. NO MORE Farmers bail outs Trump's policies have failed ! USA is a mess because of THEM!!!

Are we going to get multi-national companies to pay their taxes like the rest of us? That would be a solid start.

We can never payback £2 trillion, it’s pointless to try. We need radicalism not just the same tired old cuts to corporate tax & public sector pay freezes. We need another New Deal or Marshall plan

Well 12 billion of that went to their fucking friends can we have that back please?

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