Without economic growth, younger generations will have to pay for Johnson’s pledges
The IEA reacts to Oxfam's inequality report
Kate Andrews writes for City AM
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.