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

Economy

United Kingdom

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

Resolution Foundation (United Kingdom) | Jul 16, 2026

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CLAIM Publicado por admin • Jul 17, 2026

The UK government must prioritize reducing public spending to address the fiscal deficit.

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CLAIM Publicado por admin • Jul 17, 2026

The UK should invest in economic growth initiatives to generate additional tax revenue.

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CLAIM Publicado por admin • Jul 17, 2026

Austerity measures will worsen the UK's economic situation and should be avoided.

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CLAIM Publicado por admin • Jul 17, 2026

The government should not increase taxes during an economic downturn, as it would hinder recovery.

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CLAIM Publicado por admin • Jul 17, 2026

The government should focus on improving efficiency in public services rather than cutting budgets.

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CLAIM Publicado por admin • Jul 17, 2026

The UK should explore alternative revenue sources such as digital taxes to support fiscal recovery.

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CLAIM Publicado por admin • Jul 17, 2026

Public investment in infrastructure should be prioritized to stimulate the economy and improve fiscal health.

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CLAIM Publicado por admin • Jul 17, 2026

The approach to fiscal recovery should prioritize sustainability over immediate budget cuts.

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CLAIM Publicado por admin • Jul 17, 2026

Balancing the budget should be a gradual process that considers economic growth and social equity.

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CLAIM Publicado por admin • Jul 17, 2026

The UK should not rely on borrowing, as it risks long-term financial stability.

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