Skip to main content

Rachel Reeves can’t raise much more tax but she has other options

According to Neil Shearing, chief economist at Capital Economics, the consultancy, bloviating over the precise amount of fiscal space for governments in the United States, Britain or France “misses the point. The most pressing issue that policymakers must address is not fiscal in nature, it is the chronically low growth rates of their economies. It is not obvious that the cause of weaker growth is a lack of demand that needs to be addressed through fiscal expansion."

View article