A slide back into recession for the UK economy would have a "scary" effect on the public finances, the director of the Institute of Fiscal Studies has said.
A slide back into recession for the UK economy would have a \"scary\" effect on the public finances, the director of the Institute of Fiscal Studies has said.
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Paul Johnson told the David Hume Institute: "The public finances are incredibly sensitive to what is going on in the economy, if we were to go into another recession, as a result particularly of external forces, net debt would rush up through 100% of national income and beyond -whether it can bear that is somewhat unknown territory for the UK."
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