Fiscal Policy - The UK government is considering further tax increases during this parliament [1] - A £26 billion (approximately $34.4 billion) revenue-raising package has been announced to stabilize Britain's public finances [1]

Debt & Fiscal Policy Concerns - The US is unlikely to alter its current debt trajectory, potentially leading to adverse consequences [1] - A balanced approach involving both tax increases and benefit cuts is necessary to address the debt problem [1] - Political absolutism hinders the implementation of necessary fiscal adjustments [1][2] Potential Solutions - Finding solutions that circumvent rigid pledges against tax increases or benefit reductions is crucial [2]