The UK government faces a gap between how much it raises in taxes and what it plans to spend.To bridge this gap it needs to borrow money.Why does the government have to borrow?The government gets most of its income from taxes - for example, workers pay income tax, everyone pays VAT on certain goods, and companies pay tax on their profits.
#people #back #years #coronavirus-pandemic #governments #politicians #uk-government #insurance-companies #public-services
[
add
]
[
|
|
...
]