Professional Adviser editor Jen Frost on why chancellor Rachel Reeves could look to untapped Covid “billions” currently in the pockets of insurers to help plug the public finance gap.
Chancellor Rachel Reeves has a dilemma on her hands as she looks to plug a multi-billion public finances gap, ideally without breaking manifesto pledges. Here's why in her shoes I might look to the Covid furlough scheme and insurers as part of a one-off swoop to claw back as much as "billions" without raising taxes or cutting spending. If you feel able, cast your mind back to 2020. The Covid-19 virus is spreading, a panicked country has gone into lockdown. With a chunk of the workforce out of action, and a crisis on its hands, the Conservative government brings in schemes in a bid to ...
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