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Bracing for the Budget: Tax Rises, Black Holes & Growth, with Paul Johnson from the IFS

Many Happy Returns

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Navigating the Financial Black Hole

This chapter explores the £22 billion financial deficit threatening public finances, scrutinizing political ramifications and various types of financial shortfalls. It analyzes government borrowing practices, the implications of inflation-linked national debt, and the unfair impact of tax increases on different income groups. Additionally, the conversation addresses generational economic disparities and the pressing need for strategic tax reform to ensure fair distribution of wealth and sustainability in public services.

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