https://www.bbc.co.uk/news/business-62168489
'The IMF's Mr Flanagan said public money would be better channelled into projects that focus on sustained long-term economic prosperity - and that might need higher taxes.
"The UK does have a below-average tax ratio relative to the rest of the Organisation for Economic Co-operation and Development. You can't have it both ways," he said.'
Although European Union membership might not have done us any good in this respect anyway:
'The chief executive of Legal & General, Nigel Wilson, is among those who believe the UK's longer term underperformance reflects a chronic lack of investment.
"I think [the UK] is full of potential but we've had massive underinvestment for 30, 40 or 50 years in skills, in infrastructure… as a consequence we're a low wage, low productivity, low growth economy, fraught by political infighting. " '
It's all a bit 1974, isn't it ? |  |
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