Date: 08-10-2019
Source: The Guardian
IFS says public borrowing will more than double next year whatever the Brexit result
Richard Partington Economics correspondent
Emergency tax cuts and higher public spending to offset the impact of a no-deal Brexit would send government debt to its highest level in more than half a century, according to Britain’s leading experts on the public finances.
The Institute for Fiscal Studies (IFS) said the scale of the government response required to firefight a flatlining economy in the event of a disorderly departure from the EU would come with a hefty price tag for the public purse.
In a warning to Boris Johnson as his Brexit plan risked unravelling in the face of stiff opposition at home and abroad, the thinktank said government borrowing was already set to more than double next year regardless of the outcome of negotiations with Brussels.
It also said the national debt – the sum total of all borrowing accumulated by the British state – would hit almost 90% of GDP if Britain crashed out of the EU without a deal, its highest level since the mid-1960s. Den Rest des Beitrags lesen »
Du muss angemeldet sein, um einen Kommentar zu veröffentlichen.