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There is also substantial evidence that economic outcomes are passed across generations. As such, economic hardships for parents will mean more economic hurdles for their children. While it is often said that deficits can cause transfers of wealth from future generations of taxpayers to the present, this cost must also be compared with the economic consequences of recessions that are also passed to future generations.

Short-term holiday letting (STHL) relates to the renting of the whole or part of a private home by its owner to a visitor on a commercial basis.

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