BBCNEWS BBC July 3, 2024
Well, this was the Liz Truss Economics and it led to disaster. There is no magical connection between cutting income tax one day and getting growth the next. Economic growth is a difficult process. It is about raising productivity and things we have been talking about for 50 or 60 years. Getting the Economy Moving will involve things like long term industrial strategy, concentrating on improved training, something we have been trying to do for a long time. Butjust income tax is a Magic Money Tree Economics that makes no sense. There is a short term feeling that an election is coming closer wit...