Telegraph: Tax rises will be needed to pay off extra £100billion debt, CBI warns

In fact the debt will be 1000,000,000,000 pounds. The 100 billion mentioned is just an installment but clarified in the article. Taxes will have to rise, and spending cut until 2030. The suggestion is to place the burden on NI but Ken Clarke offers the olive branch of slashing services instead. National Insurance in the UK must be the only insurance scheme in the world where if your claim is approved then you get a small fraction of your yearly premium in return. The car insurers must be jealous. Also the idea that any recovery will be damaged by immediate tax hikes, I don't necessarily see that generational wealth transfers restrict spending myself. Anyway, I am sure everybody will stay loyal and nobody will move away to low tax regimes in resource rich abundant land nations.