Re: Budget 2024
Posted: March 8th, 2024, 1:34 pm
The problems we've got are structural.
So Jeremy Hunt tinkering around the edges isn't going to fix the problem. I doubt Labour will either.
Because the structural issues are deep routed and require major reform:
* an ageing population
* decline in the private sector
* high and growing taxes
* high and growing debt
* high level of state, regulation
* expensive energy
* unaffordable housing
* permacrisis in public sector
Our gdp only increases with immigration and population growth, but gdp per capita is stagnant.
The fixes required would be unacceptable to the political class and media. Labour will simply grow the state, public sector.
We'll hopefully come through cost of living, inflation crisis. But I'd be amazed if 'green growth' and investing in our NHS will solve the problems. Over half population is in receipt of more benefits than they pay in.
The liklihood is continuing tax and spend. And effectively open borders. The population feels hard done by so politicians will continue to squeeze harder those that pay in. I'd expect it to accelerate under labour.
So Jeremy Hunt tinkering around the edges isn't going to fix the problem. I doubt Labour will either.
Because the structural issues are deep routed and require major reform:
* an ageing population
* decline in the private sector
* high and growing taxes
* high and growing debt
* high level of state, regulation
* expensive energy
* unaffordable housing
* permacrisis in public sector
Our gdp only increases with immigration and population growth, but gdp per capita is stagnant.
The fixes required would be unacceptable to the political class and media. Labour will simply grow the state, public sector.
We'll hopefully come through cost of living, inflation crisis. But I'd be amazed if 'green growth' and investing in our NHS will solve the problems. Over half population is in receipt of more benefits than they pay in.
The liklihood is continuing tax and spend. And effectively open borders. The population feels hard done by so politicians will continue to squeeze harder those that pay in. I'd expect it to accelerate under labour.