How much trouble is the UK economy in?
The Briefing Room
00:00
Navigating the UK's Fiscal 'Black Hole'
This chapter explores the UK's significant fiscal challenges, specifically a newly identified £22 billion deficit termed as a 'black hole.' It examines the political implications of these financial estimates, government accountability, and the balance between austerity and necessary spending. The discussion further highlights the complexities of current fiscal rules and the strategies the government may adopt, including potential tax increases, to address economic pressures.
Transcript
Play full episode
