“She told the Sunday Telegraph extra money for public services would have to come from economic growth.”
So no money for public service improvements.
That’s the bit that made me wince - it’s a classic Tory wheeze: we won’t raise taxes, we’ll just reap the rewards of some notional future growth (with no indication on how this is going to happen). Then the growth didn’t occur, so there’s no money for anything.
You have to speculate to accumulate so, for example, you pump money into a Green New Deal (perhaps by helping the poorest make their homes more energy efficient) and it employs more people in the sector and the price of green home improvements drops, because of economies of.scale, so more people get them done, which employs more people, etc, etc.
I think they also said they’d tax non-doms more - good luck getting a penny out of a group notorious for exploiting tax avoidance schemes and keeping their money overseas.
That’s the bit that made me wince - it’s a classic Tory wheeze: we won’t raise taxes, we’ll just reap the rewards of some notional future growth (with no indication on how this is going to happen). Then the growth didn’t occur, so there’s no money for anything.
You have to speculate to accumulate so, for example, you pump money into a Green New Deal (perhaps by helping the poorest make their homes more energy efficient) and it employs more people in the sector and the price of green home improvements drops, because of economies of.scale, so more people get them done, which employs more people, etc, etc.
I think they also said they’d tax non-doms more - good luck getting a penny out of a group notorious for exploiting tax avoidance schemes and keeping their money overseas.