Britain's Economy is in Deeper Trouble Than During the 1970s: Here's Why | A Nation of Taxpayers
TaxPayers' Alliance
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Britain’s public finances are under growing strain, with debt close to twice the level seen during the 1976 fiscal crisis, a heavier interest burden, weaker productivity growth and mounting pressure from an ageing population. But how does today’s position really compare with the crisis of the 1970s, and could Britain once again be forced to
Podcast host Duncan Barkes is joined by TaxPayers’ Alliance chief executive John O’Connell and former TPA chairman Mike Denham, who has authored new research comparing Britain’s current fiscal position with the circumstances that led to the 1976 IMF bailout.
They examine the growth of public debt, the rising cost of servicing it, Britain’s increased exposure to international investors and refinancing risks, and why today’s spending commitments may be harder to reduce than those of the 1970s. They also discuss what the lessons of 1976 mean for economic growth, taxation and the long-term sustainability of the public finances.
Read the full paper here: https://taxpayersalliance.com/britain...
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20 Comments
We are left fighting over an ever decreasing store of wealth. The government tries to hide this by creating pounds. We have plenty of money and very little wealth. The only way to create wealth is to provide things the rest of the world wants. The last 50 years have shown us that relying on financial services for wealth is a gamble at best. We need to get back to energy production, steel production, chemical production. We need to reduce taxes and favour investment in critical production that can not only service our own needs but the needs of other nations. We need to go back to work.
The people voted for welfare and now here we are.
And may I just point out that not ALL people on civil service pensions are flush with money. I know some who are far from it.
This is tax payer money getting their own money back decades later....
Public sector pensions are first on the block. Public sector get 20-28% employers contributions (you). The private sector get 8-10% employers contributions....
People are paying for the elites pensions they can't afford... That's criminal and unjust.
Slash tax payer contributions to 10% is the first thing to do for equality of someone else's money
Same with the illegal immigration, its all by design to force us back in and creste excuses
Britain's Economy is in Deeper Trouble Than During the 1970s: Here's Why | A Nation of Taxpayers
TaxPayers' Alliance
10,954 views
Join the fight for lower taxes at www.taxpayersalliance.com/join ✅
Britain’s public finances are under growing strain, with debt close to twice the level seen during the 1976 fiscal crisis, a heavier interest burden, weaker productivity growth and mounting pressure from an ageing population. But how does today’s position really compare with the crisis of the 1970s, and could Britain once again be forced to
Podcast host Duncan Barkes is joined by TaxPayers’ Alliance chief executive John O’Connell and former TPA chairman Mike Denham, who has authored new research comparing Britain’s current fiscal position with the circumstances that led to the 1976 IMF bailout.
They examine the growth of public debt, the rising cost of servicing it, Britain’s increased exposure to international investors and refinancing risks, and why today’s spending commitments may be harder to reduce than those of the 1970s. They also discuss what the lessons of 1976 mean for economic growth, taxation and the long-term sustainability of the public finances.
Read the full paper here: https://taxpayersalliance.com/britain...
Find us on social media:
Twitter ➡️ https://x.com/the_tpa
Facebook ➡️ Facebook: taxpayersalliance
Instagram ➡️ Instagram: tpa_uk
LinkedIn ➡️ LinkedIn: the-tpa-uk