RE: Article from Daily Teleegraph about SMR procurement16 Oct 2024 08:55
Fundamentally, the UK spends more than it generates hence the steady rise in the National Debt and continual monthly borrowing of billions.
It is not too different to running a business. So if you want to balance the books, you need to reduce debt (that alone costing £100bn a year to service), attract NEW money into the economy (not pass off borrowing as generating growth) and drastically reduce spending. Incentivise public sector managers to save money would be one way. Right now, no-one really cares so the wastage must be phenomenal. The social security bill is immense that needs an overhaul. There are many, many ways, a determined focussed Labour Party could start to improve the nations finances. Have they the nous and the balls to do it? I doubt it.