Deficits are going to skyrocket but taxes and borrowing aren’t, because QE is going to cover the cost of coronavirus

The FT has this estimate of the scale of the UK government budget deficit in 2020/21 in the paper today: I think this is a serious underestimate. How only 12% or so of UK government revenue is going to be lost when the economy is going to be closed for at least three months, and […]

source https://thebtrader.com/2020/03/28/deficits-are-going-to-skyrocket-but-taxes-and-borrowing-arent-because-qe-is-going-to-cover-the-cost-of-coronavirus/?utm_source=rss&utm_medium=rss&utm_campaign=deficits-are-going-to-skyrocket-but-taxes-and-borrowing-arent-because-qe-is-going-to-cover-the-cost-of-coronavirus