Quote:
Originally Posted by Damien
We had all better hope this works. If it doesn't we'll have huge debt and an economy in recession, it will be a disaster and we'll have spent billions on a failed solution with a weak pound and very high borrowing costs. It would be the worst economic situation we've seen in decades?
Those who think it'll just be a matter of getting the Tories out will be wrong as well because in the event that happens then Labour will need to hike taxes without the ability to spend much.
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I guess if you're a new government in 2024/5 then there may still be an opportunity to introduce an energy providers' windfall tax, raise taxes on the higher paid and up corporation tax. But that won't make much of an impact on the debt mountain.