Summer Economic Update: present action & signposts for the future

The Chancellor will wait until the Autumn before planning how to recover the costs of his spending spree. Alliteration has gone into overdrive when it comes to government initiatives. Hard on the heels of Super Saturday”, we had the Chancellor’s “Summer Statement “. While there is understandable public concern over how the ever increasing government debt is to be repaid, the government’s preoccupation is not so much with making repayments (or the largely affordable, low-interest cost of servicing the debt), but the more pressing challenge of re-starting the economy, stimulating recovery, and preserving and creating jobs.