Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
[ad_1]
Unlock the editor’s digestion free
FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.
It’s hard not to apologize for Rachel Reeves. He is trying to be responsible and growth. But it is superior to a stagnation economy It was set up a few months ago with a high debtor and a set of financial rules, but now it is likely to break. His tax rose During the budget (and thick) was not popular. Again, it is not enough now. He plans, especially before the last general election, you can’t collect or collect extra taxes. Suffering to spending financial markets already spending costs Spreading over US and German bonds in response to rising ups, Need to increase in defense spending It’s been excessive. What do you need to do? What is the Prime Minister to do it?
Financial situation, RUTH STORTITION, is put by a new head of the resolution fund, a Blog was sent last Friday. Interestingly, it was the head of the financial department of the Treasury. Again, he tries a thought tank aimed at the problem of stagnant living standards. It seems that it has put it in comparison to both sides and generosity of today’s dispute.
The survival of the office for budget liability, in advance of the summer statement in advance of March 26, he claims that he was very likely to “be missing the target in five years by tax payments in five years.”
He also collects two interesting points about the financial history of England since 2010. One is that the change in the last arbitrary financial policy was in one direction for nine years. The other is that the OBR is almost always the existing budget surplus for five years. This, in turn, allowed the history of the loan for a long time. But the margin offers investment, decreases and can now disappear completely.
This is the result, which Britain’s financial policy is fulfilled in the last 15 years. During post-crisis recovery and vacancies after the post-crisis, the pandemic was stiffened during the expansion of a special case. However, the ‘predecessors’ predecessors were a fancy to restore their predecessors, because the “recovery” was in the standard of resolution.
Answer for the game of others, others would have to play their rules for their rules, performing the impossible curtains, which meet their goals in front of him, future expenses and targets. If so, for five years, the goals were ridiculous for shortcomings. At the same time, it would be ridiculous to relax the rules in a few months after built them. Mood Reives He caused it, no doubt he should throw them in favor of the new one.
Alternative approach, As I argued two weeks agoFor the Prime Minister and Chancellor, it would be right to say that this is a new world. The country should now contribute to the defense of the continent. At the same time, it must do everything that can support economic growth and maintain a social union in the house. In this context, past promises cannot be compulsory. For defense, you need to get more debt as soon as possible and also increase in income, sales and extensive taxes to the property and reduce spending more than before. The government should develop more enthusiasm and investment than ever, more likely to develop more in defense and new technologies than previous, more integration in European initiatives.
Reforms are not difficult to intend. Britain’s bank’s bank’s payment for the integrity of bank stocks is unnecessary, for example, Like my colleague Chris Giles argued. The United Kingdom should follow these resources from the stairs to other central banks. This will not be taxed on banks, but the one in mediation through banks. In any case, we must pass through a bank-based financial intermediary. Again We should not spend the huge amount of young people inactive. However, the triple lock in pensions should be left. Moreover, many have gained great profits from the property ownership. Some of these property wealth should be taxed anymore.
These are the details. The main point is that the government should look at the difficult times, as well as the crisis. The country needs the leadership. A bold government will say that the restrictions we live in connection with tax, spending and regulation will ensure re-evaluation. Must prepare the appropriate new one. It is not only important for England. It is also important for Europe. Times changed. So we should do.
[ad_2]
Source link