The outlook for the public finances has deteriorated worryingly. With debt officially predicted to be touching £2trn by 2020, four times its level a decade ago, fears are growing that the government will struggle to bring it under control. Faced with a challenging outlook, it is questionable whether Philip Hammond will be able to embark on any meaningful tax reform during his chancellorship.
The outlook for the public finances has deteriorated worryingly. With debt officially predicted to be touching £2trn by 2020, four times its level a decade ago, fears are growing that the government will struggle to bring it under control. Faced with a challenging outlook, it is questionable whether Philip Hammond will be able to embark on any meaningful tax reform during his chancellorship.
The outlook for the public finances has deteriorated worryingly. With debt officially predicted to be touching £2trn by 2020, four times its level a decade ago, fears are growing that the government will struggle to bring it under control. Faced with a challenging outlook, it is questionable whether Philip Hammond will be able to embark on any meaningful tax reform during his chancellorship.