This is so true - a 7% deficit in peace time with a growing economy is crazy. It will be interesting to see what happens with Trump as Bessent seems to genuinely believe that he can get back to 3% deficits by 2029 with 3% real growth rate. For all the antics it does seem like Trump genuinely wants to cut the deficit.
I believe it was a great mistake for the Labour Party to deride Truss's growth plan rather than embrace the sentiment but critique the details and provide some alternative ideas
That’s a very good point. I guess they just got caught up in seeing the conservatives implode. But actually setting the growth agenda then, with a cutting taxes is not the answer argument , might have got them a lot more room for maneuver now.
This is so true - a 7% deficit in peace time with a growing economy is crazy. It will be interesting to see what happens with Trump as Bessent seems to genuinely believe that he can get back to 3% deficits by 2029 with 3% real growth rate. For all the antics it does seem like Trump genuinely wants to cut the deficit.
Osborne...the worst Chancellor of them all!
I believe it was a great mistake for the Labour Party to deride Truss's growth plan rather than embrace the sentiment but critique the details and provide some alternative ideas
That’s a very good point. I guess they just got caught up in seeing the conservatives implode. But actually setting the growth agenda then, with a cutting taxes is not the answer argument , might have got them a lot more room for maneuver now.
Excellent work Victoria and thank you for bringing to our attention