Just to put some numbers to lost revenue from other spending. UK VAT is 20%. 14B in direct spending + 1.5 Billion spending from avoided economic harm at 20% va

Just to put some numbers to lost revenue from other spending. UK VAT is 20%. 14B in direct spending + 1.5 Billion spending from avoided economic harm at 20% vat is 15.5 - 15.5 /1.2 = 2.6 billion in “missed” revenue. So offsetting ~1.5 billion in harm is an optimistic net gain of 0.7 billion in tax revenue.