Tax and Fiscal Policy

Government needs to wean the UK off borrowing “as soon as possible”

Julian Jessop quoted in the Daily Express

Government borrowing hit £62bn in April as a result of measures introduced to tackle the coronavirus outbreak. Julian Jessop, IEA Economics Fellow argued, “the Government needs to wean the UK off this extraordinary level of state subsidy as soon as possible” says .

Quoted in the Daily Express, Julian said that while he believes “a temporary increase in borrowing is a price worth paying to save lives and protect businesses and jobs from a one-off shock like coronavirus” current levels of borrowing could not be maintained long-term.

Read the full piece here.