There is hope on the horizon, but high debt hangs over Britain’s future

Borrowing has risen unsustainably during the pandemic among businesses, the government and consumers

As we look forward to 2021, there is much to be hopeful for. Vaccines pending, much of normal life will return and the economy can recover even more quickly than predicted by the Bank of England and the Treasury’s independent forecaster, the Office for Budget Responsibility.

While bedding in a Brexit deal will prove to be difficult in the weeks and months after 1 January, there is the prospect of businesses beginning to see through the fog of uncertainty that has clouded the past four years.

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