alistair darling, george osborne and philip hammond — who between them ran the treasury between 2008uture taxes, creating jobs and supporting businesses — with little real disagreement. when we get to the happy day that we are recovering and on the path to recovery, my view is quite clear. yes, we are going to have very high deaths like we had at the end of second world war. —— debts. but one of the things a government like ours can do — which we are a larger economy, and no one doubts our credit worthiness — you can actually carry that for some period. and what i've been very concerned about is we've got ourselves into a situation where — if you like — in the recovery stage you start clamping down on things prematurely and you stop the growth, whatever it is, and you drive the country back into a recession. if you want to stimulate the economy, the most obvious thing to do is to do a time—limited vat reduction. we did it ten years ago, i think the evidence is that it has some effect. i'm not sure about cutting income taxes. i don't think that's really going to make a difference betw

alistair darling, george osborne and philip hammond, who between them ran the treasury between 2008 andh little real disagreement between them. when we get to the happy day when we're recovering and we're on the path to recovery, my view is quite clear that, yes, we're going to have very high debts, like we had at the end of the second world war, but one of the things that a government like ours can do, because we're a large economy, and no—one doubts our credit worthiness, you can actually carry that for some period. but what i would be very concerned about is if we got ourselves in the situation where, if you like, in the recovery stage, you start bringing down things prematurely, you stop the growth and you drive the country back into a recession. if you want to stimulate the economy, the most obvious this is a a time—limited vat reduction. we did it ten years ago and it did have some effect. i'm not sure about cutting income taxes. i don't think that is really what would make a difference from people going out to work longer or doing second jobs or anything like that. my guess is in

select committee is taking evidence from former chancellors alistair darling, george osborne and philip hammondwe make sure that the effective demand is there and that is when the chancellor want to look at measures to support demand. fill it, thank you. cani to support demand. fill it, thank you. can i just to support demand. fill it, thank you. can ijust go back to you, george, 42nd. ithink you. can ijust go back to you, george, 42nd. i think we are all agreed that a major driver of this is what happens on the health front, when we'll be get a vaccine and when we go back to near normal? at whatever point it arrives, what are the main levers that you think the government should be pulling here in terms of shedding sketch make ensuring a good recovery, particularly around the issue of jobs where, clearly any financial crisis, inevitably whatever happens it is going to lead to a major element of what is going on here. it is going to lead to a major element of what is going on herelj think the central challenge over the next year, if you look at the short to medium term, is how do you withdraw so

let's speak now to poppy trowbridge, former adviser to philip hammond when he was uk chancellor.ppy with us. the high street open study on monday and the government will be hoping that consumers drive the recovery, but there is a bit of a quandary for the government. 0n there is a bit of a quandary for the government. on one hand embarrassing be alert, stay safe and on the other they are seeing debt on public transport and get into the high street and start shopping again. that is exactly eight. the government may know what kinds of restrictions will continue to exist in our working restrictions will continue to exist in ourworking and restrictions will continue to exist in our working and daily lives, through the end of this year and even into next year. they may be able to forecast that but what they wa nt to able to forecast that but what they want to be able to forecast easy is how however personnel can see my family spending behaviours have changed perhaps permanently because of what's happened over the last two months. and also they will not be able to predict the entirety