Chippy_boy
Well-Known Member
I'll not reply to all of the above since you make some valid points.Looking at spending alone is surely short-sighted? Taxation was at its lowest under the Tories and we didn't grow much then either. With Reform all growth will just be drained into the pockets of faceless non-doms under mates rate arrangements under Farage just as the US has become with Trump.
Millions are on long-term sick and productivity is suffering alongside historically high living costs, that's where the growth has gone, it has nothing to do with taxation. Nobody is struggling to pay their bills because of taxation, the poorest and middle classes barely pay any tax but they are paying record rents and energy costs.
Resolve health problems, get people back to work and make it worthwhile, sort out the crazy energy costs and robbing supermarkets and people will have cash to spend... The economy will then grow and government will finally act for people instead of treating them as an accountants spreadsheet.
Or are you arguing that the economy is not growing because Tesco made £3bn this year instead of £3.2bn due to Reeve's NI increase (I made this figure up but the analogy is there)? People should be at the heart of government policy on the economy and this will never happen with Farage.
But regards your first paragraph, taxes have never been "low" in the past 20 years. That is absolutely at the core of why our growth has been so poor for so long. I am not saying it is the only reason, but it is absolutely part of it.
And we cannot just keep increasing taxes further and further, not least since it often doesn't raise more tax. Reeves capital gains tax rate increases for example in the last budget, have reduced capital gains tax receipts because people stopped selling assets to avoid paying it.
So yes, we need to get people back to work and I'm afraid that needs to be achieved with both carrot and stick. Not just carrot.