Blog 2023 Malcolm Blair-Robinson

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    Malcolm Blair-Robinson U.S        

    Malcolm Blair-Robinson U.K.

The arguments between the parties  about the economy , as the IFS pointed out yesterday, deal only in marginal handouts to entice voters and broad generalisations to hoodwink them. In the view of this blog here are ten questions which remain unanswered with clarity.

1  What are you going to cut and what effect will that have, not broad totals but specifics?

2  Are you going to borrow to invest and if so what is your target over what period?

3  How are you going to rebalance the economy away from financial services?

4  How are you going to increase manufacturing and exports?

5  How are you going to reduce imports and repatriate jobs?

6  How are you going to reduce the income gap?

7  What are you going to do about the low level of productivity in the UK?

8  What are you going to do to increase the revenue stream from taxation to the level needed to pay the running costs of the country?

9  What kind of taxation reform do you plan to a complicated and expensive system?

10  How are you going to increase the housing supply to make housing more affordable?

It is all very well to obsess about the deficit, but it is no good failing to tackle the reasons why it is there. Deal with these ten questions properly and the deficit will take care of itself.