Exclusive:
Britain is “poorer than we often think” and cannot rely on higher public spending as a route to making the country “great again”, a former minister has said
Darren Jones, the former chief secretary to the prime minister under Sir Keir Starmer, said that higher public spending alone would not lead to economic growth
Writing for The Times, he said: “Britain is poorer than we often think. We won’t get richer based on higher public spending alone, and we can’t tax billionaires who don’t live here
“We shouldn’t rely on public spending as a route to some romantic version of making Britain great again as we look in the rearview mirror for a great history that is no longer available to us. We must face the future, and I know my colleagues are up to the challenge.”
He said Burnham’s ten-year plan, which is expected to be published in November, must “rise to these challenges, or the sugar rush of short-term announcements will be meaningless in the face of the populist backlash that will follow”
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@thorstenbenner@Mr_Andrew_Fox@jekavanagh@JustinTLogan I would still like to know how Europe can match US Defence spending. Anyone who suggest this should let us know which taxes Europe is willing to cut to fund the spend. See the UK and John Healy defence spend review latest news.
@AaronBastani@AscendedYield Is it? High electricity costs are the number one factor in deindustrialisation.
And which billionaire class is actually untaxed? We make nothing, can’t produce infrastructure to support the economy, and have become primarily a welfare country. Everything else is a distraction.
@DoubleEph A lack of talent. Across the political spectrum is so deep. Cuts across a lot of parties and you end up with people like him lasting longer than they reliably would.
@je_mc2@DoubleEph It’s different trying to develop Mafia in a HALO industry vs. tech. No one is interested in those anymore, and that's a worldwide phenomenon, not just 🇳🇬. 🇳🇬’s have been very good at licensing tech and selling it with a markup. That is global trade—literally. Computer Village?