Quote:
Originally Posted by Sephiroth
My prediction is that year on year, Labour will come back for more tax. This is because they can't grow the economy - and if they are to be re-elected, they need to do this now, rather than await their last year in this parliament.
|
It's hard for any party to grow the economy when it's being held back by Brexit. There was an excellent article in The Times the other day by Brexiteer Ryan Bourne who said it was time that Brexiteers acknowledged the costs of leaving Europe against the background of a new report.
Quote:
|
A new National Bureau of Economic Research working paper by Nicholas Bloom and co-authors reviews both macroeconomic and microeconomic data. It suggests that UK GDP per person is 6 to 8 per cent lower today than if we had remained. Business investment is down 15 per cent; employment and productivity by 3 to 4 per cent each. Those magnitudes are no minor frictional cost of new trade arrangements. They signify a strong headwind to Britain’s growth this past decade.
|
https://archive.ph/wdhs5
https://www.nber.org/papers/w34459