The outlook for the public finances under the long shadow of COVID-19, IFS

This report outlines how the Covid-19 outbreak – and the public health response to it – will dramatically reduce economic activity in the second quarter of 2020. This in turn will depress tax receipts and add to government spending, increasing government borrowing and adding to government debt. This report sets out three scenarios for the ou tlook for growth over the next five years and describes what each of these might mean for government borrowing and government debt.
Source: Current Awareness Service for Health (CASH) - Category: Consumer Health News Source Type: news