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The three steps needed to climb out of the UK’s fiscal hole

Economy
United Kingdom
Started July 17, 2026

Dear Chancellor (whoever you are), I advised a few (nine!) Chancellors in my time in the Treasury but never before did I get to write what I think, uninhibited. Even so, Jeremy Hunt said he appreciated me “speaking truth to power with a smile”. So, as you read this unsolicited advice, I promise I’m smiling… … Continued The post The three steps needed to climb out of the UK’s fiscal hole appeared first on Resolution Foundation

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CLAIM Posted by admin • Jul 17, 2026
The UK government must prioritize reducing public spending to address the fiscal deficit.
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CLAIM Posted by admin • Jul 17, 2026
The UK should invest in economic growth initiatives to generate additional tax revenue.
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CLAIM Posted by admin • Jul 17, 2026
Austerity measures will worsen the UK's economic situation and should be avoided.
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CLAIM Posted by admin • Jul 17, 2026
The government should not increase taxes during an economic downturn, as it would hinder recovery.
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CLAIM Posted by admin • Jul 17, 2026
The government should focus on improving efficiency in public services rather than cutting budgets.
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CLAIM Posted by admin • Jul 17, 2026
The UK should explore alternative revenue sources such as digital taxes to support fiscal recovery.
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CLAIM Posted by admin • Jul 17, 2026
Public investment in infrastructure should be prioritized to stimulate the economy and improve fiscal health.
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CLAIM Posted by admin • Jul 17, 2026
The approach to fiscal recovery should prioritize sustainability over immediate budget cuts.
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CLAIM Posted by admin • Jul 17, 2026
Balancing the budget should be a gradual process that considers economic growth and social equity.
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CLAIM Posted by admin • Jul 17, 2026
The UK should not rely on borrowing, as it risks long-term financial stability.
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