Per The Times: "Boris Johnson has been warned....>

UK: Per The Times: "Boris Johnson has been warned by senior Conservatives that

he risks "entrenching" the impact of the coronavirus crisis if he raises taxes

or cuts spending. An internal Treasury document said that the pandemic would

cost the exchequer almost GBP300 billion this year and could require income-tax

rises, a two-year public pay freeze and an end to the triple lock on state

pensions. One cabinet minister said that such an approach risked jeopardising

growth and suggested that the additional borrowing should instead be treated

like a wartime debt and repaid over decades. "It is completely the wrong

approach; it would entrench the downturn," the minister said. "We should be

looking at policies that open up the economy - we will need fiscal stimulus."