Please see below an article from A.J. Bell which was received yesterday afternoon, which provides their insight into the current level of Government debt and how it could be managed:
As you can see from the above article and from various media coverage, the current level of UK debt is at an all-time high. As things stand with very low interest rates, this makes government borrowing rather cheap. Tax-rises could be used to help pay some of the debt, but this is not likely to be an imminent option as we need the economy to recover first.
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Please keep safe and healthy.
Carl Mitchell – Dip PFS
IFA and Paraplanner
23/11/2020