Question
To tackle the coronavirus pandemic that started in 2020, the UK government increased public spending drastically while tax revenue fell. As a result, the public
To tackle the coronavirus pandemic that started in 2020, the UK government increased public spending drastically while tax revenue fell. As a result, the public borrowing was forecast to grow, which, combined with long-term demographic pressures on public spending, would push the public sector debt-to-GDP ratio to rise significantly over the next fifty years. Imagine your tutor group is a committee of experts who have been assigned to:
(b) Suggest what actions the government might take if your committee decides that these are required to address the level of public debt.
with references to material
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