12th October 2020

In advance of the first budget from the current Government, it is important to remember three things: (i) the primary focus should be on increasing employment and delivering infrastructure and services, NOT on deficit reduction; (ii) a huge amount of borrowing will be needed in the next three years, and probably more again after that, and (iii) this borrowing is affordable and is the correct thing to do for the future of the economy and society.