IEA economist responds to latest ONS public sector finances data
Mark Littlewood writes for The Telegraph
“However, this should not prevent the government from providing temporary support to businesses struggling under the weight of new Covid restrictions, and it would not justify further tax increases either.
“The ratio of debt to GDP is back below 100 per cent and borrowing costs remain near historic lows. A stronger economy is still the best way to reduce the burden of debt over time.”
Notes to editors
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