Do we face austerity and tax rises after the Covid-19 pandemic?

https://notayesmanseconomics.wordpress.com/2020/10/15/do-we-face-austerity-and-tax-rises-after-the-covid-19-pandemic/

 

They do suggest future austerity.

Once the economy has recovered, policy action will be needed to prevent debt from continuing to rise as a share of national income. Even if the government were comfortable with stabilising debt at 100% of national income – its highest level since 1960 – it would still need a fiscal tightening worth 2.1% of national income, or £43 billion in today’s terms.