Bank of England warning of stagnation...if that happens and govt don't hit their growth targets that is a big problem...and if they're going to hit certain targets taxes will need to go up again which will piss everyone off.
This country probably needs a reckoning anyway...low/zero growth, high inequality and an aging population. So options are we increase that working population more with immigration which is unpopular, increase taxes on the working population which is unpopular, raise the pension age which is unpopular, means test pensions which is unpopular, change NHS to insurance based which is unpopular...or suddenly the economy starts growing dramatically which is proving difficult.
Recommended Posts