"Tax burden unlikely to go back to pre-Covid levels in 'next few decades'
We’re in a “new era” of higher taxation and higher spending as a fraction of national income as a bigger state.
Charts show there is a “sharp change”, Johnson said. “I’d be most surprised if the tax burden gets down to its long term pre-Covid levels at any point over the next few decades,” he said.
On public spending, numbers aren’t too bad over the next few years, he says. It will only grow “marginally less quickly” relative to last year’s generous spending review.
The government is still not going to be able to fund public sector pay rises that anywhere near match inflation. This will remain “one of the biggest challenges” facing the government this year."
https://www.theguardian.com/politics...-politics-live
We’re in a “new era” of higher taxation and higher spending as a fraction of national income as a bigger state.
Charts show there is a “sharp change”, Johnson said. “I’d be most surprised if the tax burden gets down to its long term pre-Covid levels at any point over the next few decades,” he said.
On public spending, numbers aren’t too bad over the next few years, he says. It will only grow “marginally less quickly” relative to last year’s generous spending review.
The government is still not going to be able to fund public sector pay rises that anywhere near match inflation. This will remain “one of the biggest challenges” facing the government this year."
https://www.theguardian.com/politics...-politics-live
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