A meeting on moving more areas into Tier 4 is taking place this morning
The two camps are split over whether to balance the books and pay off the coronavirus debt quickly with tax rises and austerity or to cut taxes and hope for a longer term solution with economic growth. A source close to the Prime Minister has told the
Sunday Express that there is "little room for manoeuvre" and that the
coronavirus bailout packages and impact on the economy mean the public finances "are shot". The source suggested that there "may be little choice" but to raise taxes to start paying off the public debt.
"We have to balance the books," the source added.
But another insider has made it clear that
a number of senior ministers now believe that the country will need a tax cut to recover.
"We have to treat this money [coronavirus rescue package] as a one off and not try to claw it back all at once," the minister said.
Comment: All of the above proposals appear to be based on life getting back to a semblance of normal, but, as it is, there's no sign that the lockdowns are over, and in the end the sum needed to be paid back is likely to soar even higher.
Ultimately, however, it seems that this manufactured crisis and the coming measures are intended to serve a nefarious agenda, such as 'The Great Reset', and so it's likely that any future policy, including tax hikes, will be designed around enforcing this 'new normal', which does not have the best interests of the average citizen at heart:
Comment: See also: