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UK faces £33bn hole in finances or return to austerity, thinktank says
(www.theguardian.com)
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this post was submitted on 04 Jun 2024
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UK Politics
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General Discussion for politics in the UK.
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Or we listen to Keynes this time and simulate growth.
Cutting to growth funny enough doesn't work and there aren't really anymore cuts to make.
At the same time, there is certainly tax that could be raised. The country has a load of the world's rich and Amazon and co are not paying the tax they should be.
Labour are promising to pay for things by closing the loopholes they're exploiting. Although, non-doms aside, there's not much detail about what they're planning to do, exactly, and how much they expect to raise.
There is so much untaxed wealth yet we are broke.
Using proven solutions? Fact-based policymaking? Seems like crazy talk to me.
Yer.... sigh