-
HM Treasury's Deficit and Debt Dogma Threatens to Undercut UK's Economic Recovery
The UK economy could be on course to recover all of its coronavirus-inspired losses as early as 2022 according to Capital Economics, although only so long as HM Treasury doesn't snatch defeat from the jaws of victory beforehand. Britain's services-dominated economy was among the hardest hit by the 'lockdown' used to contain the coronavirus so is widely expected to enjoy one of the strongest rebounds, owing in the first instance to statistical 'base effects' but also to a so-far successful government fire-fighting effort. The unprecedented furlough scheme has seen the government pay as much as 80% of salaries for ... (full story)