Given there’s not a lot of cash to play with and debt is already oversized, seeking to fund somewhat expensive changes will result in either the taxpayer paying even more or debt increasing and both the banks and IMF looking to increase borrowing costs.
Thats a very worrying situation when the massive lack of growth has resulted in an economy unable to adequately fund public services at pre 2000 tax levels.
Id love to have a guess as what the solutions could look like. Borrowing for capital expenditure? Boosting private investment with tax breaks?
Id like to think a heavy investment in renewable power and a separation from oil pricing for the energy price cap would greatly reduce electricity prices, giving companies and the population a huge reduction in a significant cost. Then the economy can grow both from government push and consumer demand.
Any which way whatever government is in place on Friday has a lengthy process to make a tangible difference to both our pockets and business output.
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.
Mark