5 Comments

Well I'm surprised Jonty I never had you as wistful for the Thatcher years! :)

If the GDP takes a hammering as a result of the EUs attack on Brexit we may have no choice but to pay some dedt down. 85% of current GDP as debt is a bit higher than I would want and if GDP takes a bashing thanks to the EU then we need to juggle the finances a bit. There is also no slack left in the system for the next crisis.

Furlough has to be paid for and people understand that and are prepared for that at this moment in time taxationwise. It can be a slow rachet up year on year on taxation but there has to be a route map to a better debt position whether that is because of greater CPTPP trade turnover or worse EU trade.

I think the EU is nuts cutting off its own nose to spite its face as they will hurt themselves. They will need some serious plastic surgery to overcome the self inflicted disfigurement. Teaching the UK a lesson could hurt them more than us time will tell.

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