Coronavirus debt will take 'decades' to pay off as UK faces 'deepest recession in history'
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mirror.co.ukThe UK's coronavirus debt will take "decades" to pay off as the nation faces the deepest recession in its history, experts warned today.
The respected IFS think tank warned Chancellor Rishi Sunak will be forced to hike taxes as the nation's £190bn Covid-19 splurge leads to a "reckoning".
And borrowing will hit its highest levels in 300 years apart from the two world wars, the experts said. in the wake of yesterday's mini-Budget.
It comes after Mr Sunak refused to rule out long-term tax rises and admitted there will be "difficult decisions" in future amid a "very significant recession".
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