Taxes are virtually guaranteed to go up. The expenditure for Covid has massively increased public spending and borrowing. For the life of me I can’t understand the apparent rush to stretch personal finances the way some are doing.
“Money has never been cheaper so borrow” is a well used term. Great if you have a guaranteed income with long term stability. I wonder how many are letting themselves open to serious money issues as we move out of the measures introduced to mitigate loss of earnings through furlough, grants, economic downturn. I remember the days of up to 15% interest rates and having a mortgage to pay coupled to a period of rebuilding our finances post the steel industry carve up around 1980.
Sorry to add it but Brexit isn’t helping either. The war drums can be heard from some in the EU. Inefficient cross border measures are being masked by the added on Covid restrictions. We have a long way to go yet.
