Funding the Covid-19 recovery: Seize the opportunity to build a better tax system Seize the opportunity to build a better tax system The suspension of huge parts of the economy coupled with an unprecedented package of government support measures mean that tax revenues are falling while public spending is surging. A leaked Treasury assessment estimated a £337bn budget deficit this year, nearly seven times the forecast in March’s budget. Analysts expect the debt-to-GDP ratio to be near [...]
