The Rishi Sunak £30 billion bail-out may have missed the target, economic watchog warns
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dailyrecord.co.ukRishi Sunak’s £30billion coronavirus bail-out may have missed many of its economic targets and there will be a “reckoning” of higher taxes, experts have warned.
The independent Institute for Fiscal Studies (IFS) said taxes would eventually have to go up to pay for repairing the battered public finances.
The IFS’s traditional morning-after debrief of the chancellor’s statement questioned whether the billions of extra spending announced by Sunak is enough or would offer value for money in the face of recession that was the “deepest in our history”.
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