The FT is right that we need a decent tax strategy but assuming that we need a balanced budget is the wrong place to start

An FT editorial this morning has said that: Raising tax is always politically difficult. But Britain can no longer afford a delay. The proximate cause is a shortfall in the public finances. Likely downgrades to productivity forecasts, spending commitments already announced and a change in the accounting treatment of student loans all mean the government […]

source https://thebtrader.com/2020/02/13/the-ft-is-right-that-we-need-a-decent-tax-strategy-but-assuming-that-we-need-a-balanced-budget-is-the-wrong-place-to-start/?utm_source=rss&utm_medium=rss&utm_campaign=the-ft-is-right-that-we-need-a-decent-tax-strategy-but-assuming-that-we-need-a-balanced-budget-is-the-wrong-place-to-start