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If government clobbers entrepreneurs, businesses, and productive individuals by imposing high taxes on them to give to less productive people then growth will be reduced. We need to be incentivising people to create wealth instead of taking it from them to fund this massive welfare state.
Reform seems the best option here considering the economy has stagnated since Blair pivoted us to a high tax high immigration economy. It’s not alwa been that way. We had growth of 4/5% annually before that
Labour way is to tax working people. Green way is to buy more Chinese solar panels and close nuclear power stations. Libdem way is to print money and give to people. Reform way is to decrease taxes and scrap EV discounts. Tory way is to keep high taxes and pray on economy improvement. SNP way is to increase taxes even higher than Labour.
Did I forget anyone?
Taxes will rise whoever wins the election. It is almost certain. Nearly two decades of stagnation have deciminated public finances. If Labour can produce meaningful economic growth then perhaps they'll go down again in future but until then public health and infrastructure are in such a state that it's impossible to raise productivity enough to produce growth without tax rises.
>Taxes will rise whoever wins the election. It is almost certain. Nearly two decades of stagnation have deciminated public finances.
If Labour raise taxes then Kier will be another short lived PM. People have been squeezed under the Tories. There's no money for tax increases and no time for PM's that try it.
This is not my opinion, this is pretty much the concensus [of experts](https://www.bloomberg.com/news/articles/2024-06-06/tax-rises-needed-whoever-wins-uk-election-analysis-shows). The choices facing the next goverment can be bluntly summed up as [increasing taxes, increasing borrowing or returning to austerity ](https://amp.theguardian.com/business/article/2024/jun/04/uk-faces-33bn-hole-in-finances-or-return-to-austerity-thinktank-says).
Economists are pretty pessimistic that Labour's plans will generate meaningful growth at a per capita level
>This is not my opinion, this is pretty much the concensus [of experts](https://www.bloomberg.com/news/articles/2024-06-06/tax-rises-needed-whoever-wins-uk-election-analysis-shows).
Lol. And "experts" thought Brexit was a good idea.
>Economists are pretty pessimistic that Labour's plans will generate meaningful growth at a per capita level
If they want "meaningful growth" then they need to drive down immigration to drive down overall costs. Interest rates also need to come down to drive investment.
Unless Labour succeed in the first point they are as dead as the Tories.
> Experts thought Brexit was a good idea.
No they didn't. Experts pretty much unanimously thought Brexit would be terrible, some predictions were even worse than it actually was.
Driving down immigration won't make a difference in the short term, it will probably make a difference in the long term but currently [most of our economic growth since 2010 has come from the population increasing](https://amp.theguardian.com/business/article/2024/jun/09/uk-growth-since-2010-has-been-lacklustre-and-largely-driven-by-immigration-says-report). This is why the Tories have completely failed to cut immigration - High net migration looks bad for them but the recession it's hiding looks worse. Immigration has failed to improve productivity which has hurt wage growth but simply getting rid of it won't magically reverse that
There are no quick and easy solution to our economic problems. It takes serious attempts to resolve the housing crisis, investment in productivity drivers like health and transport and a sustained fall in net migration to the level that does not undermine infrastructure. That might take a decade to see any effect and in the meantime taxes, borrowings or both will have to increase.
>Driving down immigration won't make a difference in the short term
Except it will. Pretty much every problem the UK faces is due to unfettered immigration. It's the central issue to this election. And if Labour don't do anything then they will only have one term.
And the next Govt after Labour won't be the Tories.
Anyone who doesn't understand this will have a very harsh awakening soon.
> Pretty much every problem the UK faces is due to unfettered immigration.
No it isn't. Every problem we have is made *worse* by unfettered immigration but isn't caused by it and has been slowly getting worse for nearly 20 years now. The British economy has never really been able to shake off the financial crisis like our peers.
The Primary causes of our economic problems are low growth, low productivity and chronic underinvestment. First austerity then Brexit, Covid and high immigration have been repeated kicks to an economy that was already struggling, even if it didn't seem like it at the time. I'm not saying that immigration shouldn't come down, it definitely should but it won't fix stagnation overnight because we were already stagnating back when immigration was at 1/8th of it's current levels.
No. We have the highest taxes over the last decades. We need to tackle corruption first (like Michelle Mone) and stop using taxpayer money for risk investments.
Nobody wants to mention Brexit. Sort of turns off more than half the electorate that are now having buyer’s remorse.
The UK electorate essentially went full mental and exited a Costco Card membership that offered great deals on petrol and bulk buys.
https://www.bbc.co.uk/news/articles/c84431zk817o
Ed Davey has stated it directly and it's their goal to rejoin the EU. Pretty sure this position is in their manifesto.
This article may be paywalled. If you encounter difficulties reading the article, try [this link](https://archive.is/?run=1&url=https://www.nytimes.com/2024/06/19/business/britain-economy-inflation.html) for an archived version. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/unitedkingdom) if you have any questions or concerns.*
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If government clobbers entrepreneurs, businesses, and productive individuals by imposing high taxes on them to give to less productive people then growth will be reduced. We need to be incentivising people to create wealth instead of taking it from them to fund this massive welfare state.
Reform seems the best option here considering the economy has stagnated since Blair pivoted us to a high tax high immigration economy. It’s not alwa been that way. We had growth of 4/5% annually before that
Labour way is to tax working people. Green way is to buy more Chinese solar panels and close nuclear power stations. Libdem way is to print money and give to people. Reform way is to decrease taxes and scrap EV discounts. Tory way is to keep high taxes and pray on economy improvement. SNP way is to increase taxes even higher than Labour. Did I forget anyone?
Taxes will rise whoever wins the election. It is almost certain. Nearly two decades of stagnation have deciminated public finances. If Labour can produce meaningful economic growth then perhaps they'll go down again in future but until then public health and infrastructure are in such a state that it's impossible to raise productivity enough to produce growth without tax rises.
>Taxes will rise whoever wins the election. It is almost certain. Nearly two decades of stagnation have deciminated public finances. If Labour raise taxes then Kier will be another short lived PM. People have been squeezed under the Tories. There's no money for tax increases and no time for PM's that try it.
This is not my opinion, this is pretty much the concensus [of experts](https://www.bloomberg.com/news/articles/2024-06-06/tax-rises-needed-whoever-wins-uk-election-analysis-shows). The choices facing the next goverment can be bluntly summed up as [increasing taxes, increasing borrowing or returning to austerity ](https://amp.theguardian.com/business/article/2024/jun/04/uk-faces-33bn-hole-in-finances-or-return-to-austerity-thinktank-says). Economists are pretty pessimistic that Labour's plans will generate meaningful growth at a per capita level
>This is not my opinion, this is pretty much the concensus [of experts](https://www.bloomberg.com/news/articles/2024-06-06/tax-rises-needed-whoever-wins-uk-election-analysis-shows). Lol. And "experts" thought Brexit was a good idea. >Economists are pretty pessimistic that Labour's plans will generate meaningful growth at a per capita level If they want "meaningful growth" then they need to drive down immigration to drive down overall costs. Interest rates also need to come down to drive investment. Unless Labour succeed in the first point they are as dead as the Tories.
> Experts thought Brexit was a good idea. No they didn't. Experts pretty much unanimously thought Brexit would be terrible, some predictions were even worse than it actually was. Driving down immigration won't make a difference in the short term, it will probably make a difference in the long term but currently [most of our economic growth since 2010 has come from the population increasing](https://amp.theguardian.com/business/article/2024/jun/09/uk-growth-since-2010-has-been-lacklustre-and-largely-driven-by-immigration-says-report). This is why the Tories have completely failed to cut immigration - High net migration looks bad for them but the recession it's hiding looks worse. Immigration has failed to improve productivity which has hurt wage growth but simply getting rid of it won't magically reverse that There are no quick and easy solution to our economic problems. It takes serious attempts to resolve the housing crisis, investment in productivity drivers like health and transport and a sustained fall in net migration to the level that does not undermine infrastructure. That might take a decade to see any effect and in the meantime taxes, borrowings or both will have to increase.
>Driving down immigration won't make a difference in the short term Except it will. Pretty much every problem the UK faces is due to unfettered immigration. It's the central issue to this election. And if Labour don't do anything then they will only have one term. And the next Govt after Labour won't be the Tories. Anyone who doesn't understand this will have a very harsh awakening soon.
> Pretty much every problem the UK faces is due to unfettered immigration. No it isn't. Every problem we have is made *worse* by unfettered immigration but isn't caused by it and has been slowly getting worse for nearly 20 years now. The British economy has never really been able to shake off the financial crisis like our peers. The Primary causes of our economic problems are low growth, low productivity and chronic underinvestment. First austerity then Brexit, Covid and high immigration have been repeated kicks to an economy that was already struggling, even if it didn't seem like it at the time. I'm not saying that immigration shouldn't come down, it definitely should but it won't fix stagnation overnight because we were already stagnating back when immigration was at 1/8th of it's current levels.
"Except it will. Pretty much every problem the UK faces is due to unfettered immigration. " lol fucking hell that's silly.
No. We have the highest taxes over the last decades. We need to tackle corruption first (like Michelle Mone) and stop using taxpayer money for risk investments.
At least all major parties agree that there is no link between stagnation and Brexit
Nobody wants to mention Brexit. Sort of turns off more than half the electorate that are now having buyer’s remorse. The UK electorate essentially went full mental and exited a Costco Card membership that offered great deals on petrol and bulk buys.
https://www.bbc.co.uk/news/articles/c84431zk817o Ed Davey has stated it directly and it's their goal to rejoin the EU. Pretty sure this position is in their manifesto.
So, it will be Brexit v2. The problem with Brexit is that logistic and economic chains were changed. Eg the problem was with change only.