Sunday mull.29 Jan 2023 07:14
As we're all too well aware this country under the inept stewardship of the Tory Govt labours under the highest tax burden as a proportion of GDP since WW2. It's no longer a 'soak the rich' country but a 'soak everyone' country.
And they are spending money like there's no tomorrow. Dec borrowing hit a record £27bn. That takes the total national debt to £2•5tn or c.100% of GDP. To make matters worse the UK now far from a welcoming attractive country to invest in will become overnight one of the worst as corporation tax soars from 19% to 26% in the spring. And that's just the start of the Govt's efforts to stifle the 'life blood' out of small businesses.
In an OECD report the UK was ranked 35th/38 for investment. Many think as a direct result of the botched Brexit referendum which never delivered on its promises to the electorate. Of course the pandemic didn't help but our recovery is stalling under this huge burden of debt, a wide skills gap, poor productivity and lack of business investment.
Not helping is being lectured by the jobsworth Chinaman whose plan for growth was more hot air than Yorkshire pudding. Where are we to find enough people to turn the UK into the next Silicon Valley? Get real Jeremy.
Try and get anything done these days especially if your in your senior years like change your mob service provider, find a Bank, contact your Council, query your Vat/tax returns, switch to 'on line' banking or find a Doctor......er forget the last one that specie is extinct.
Many have thrown in the towel in frustration and who can blame them. Silicon Valley? Nah, more a Banana Republic.
Morning all.
Sign In
Follow the stocks
