Why are government services going down the pan despite high taxation? https://www.taxresearch.org.uk/Blog/2024/02/29/why-are-government-services-going-down-the-pan-despite-high-taxation/. This question was asked of me, yesterday. The answer is pretty straightforward but never spoken of. It is the inevitable consequence of the economic policy of successive Tory governments, now also adopted by Labour. So why are we in a dire position? That’s because profoundly unwise politicians have decided to put us in this position.
@RichardJMurphy
"until someone is willing to run deficits to break the resulting downward cycle nothing is going to change"
The way politicians and the media talk about economics, this completely reasonable statement currently seems heretical
Nailed that!