Without economic growth, younger generations will have to pay for Johnson’s pledges
21 January 2019
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Kate Andrews writes for City AM
Kate Andrews, Associate Director at the Institute of Economic Affairs has written for City AM on the current tax burden and what needs to be done to ease it.
In her article Kate argues that while the tax burden might be sky-high, so is the debt burden – an estimated £1.8 trillion. Money spent is money borrowed, which is money that eventually needs to be paid back. And while not raising taxes has its benefits, including a boost to growth, younger generations will eventually have to pay for Johnson’s pledges, if growth figures can’t compensate for the extra spending.
Read the full article here.
In her article Kate argues that while the tax burden might be sky-high, so is the debt burden – an estimated £1.8 trillion. Money spent is money borrowed, which is money that eventually needs to be paid back. And while not raising taxes has its benefits, including a boost to growth, younger generations will eventually have to pay for Johnson’s pledges, if growth figures can’t compensate for the extra spending.
Read the full article here.
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