Select committee: Treasury Committee
Conclusion 3
Twelfth Report - Tax after coronavirus
Published 1 Mar 2021
Paragraph 41
Addressed to HM Treasury
Treasury Committee Tax after coronavirus All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The public finances are on an unsustainable long-term trajectory. This is due primarily to projections of rising age-related spending based on existing Government commitments. This situation is being exacerbated by the fiscal impact of the coronavirus pandemic. Even in the most optimistic scenario, the current and future UK Governments face a dilemma: if public spending and revenues are not to diverge without limit, either the former must be restrained or the latter must be raised.
From: Treasury Committee, Twelfth Report - Tax after coronavirus (HC 664), paragraph 41, 1 March 2021
Government response
No government response linked yet: deadline 1 May 2021, 2010 days ago.