April’s public finances figures show that the government’s financial position isn’t as bad as the Office for Budget Responsibility predicted only two months ago, says Ruth Gregory of Capital Economics. And that means that the tax hikes and spending cuts that most fear may be avoided, she predicts, if stronger growth improves the public finances.
Was it all worth it..? No. But as someone who had been anti-lockdown/restrictions from the beginning, I'll enjoy pointing this out to lefties who will be taxed heavily and see their wealth inflated away.
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We don’t mind government borrowing when it’s the Tories doing it
thanks