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Economy bouncing back more strongly but policy choices have increased long-run risks to the public finances

Gemma Tetlow
Presentation

This paper was given at the 2014 post Budget briefing on 20 March 2014.

An audio of the presentation can be accessed here.

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Press release
This year’s historic, and manifesto-breaking, announcements of tax rises will increase the UK’s tax take to its highest sustained level in peacetime. Spending will settle at 42% of national income, more than 2% above its pre-pandemic level and its highest level in ‘normal times’ since 1985.