Articles for tag: addressing, challenges, debt, education and skills, financial challenges, fiscal policy, government strategy, high debt, Inflation, infrastructure development, innovation, Productivity, Public services, Tax revenue, UK economy

addressing the challenges of debt, inflation and productivity

Britain’s economy is under incredible pressure, more than you might imagine. Austerity and two successive and costly crises have left the UK with huge debt. Compared to other major advanced economies, the UK’s national debt has risen more since COVID-19. Rising debts and tax revenues Borrowing is not the only issue. Tax revenue as a percentage of GDP – the share of the country’s output that the government takes to pay for public needs – is almost as high as in wartime. This is a huge problem for the current government in an election year, especially when public services need