Wages are too low
People are under-employed and underpaid in the UK. The result is we simply don’t have enough to spend to rebalance the economy.
The UK won’t tackle the tax gap
The UK government says there is £35 billion of unpaid UK tax. I say it’s maybe three times that. And we’re sacking tax inspectors, still. As a result the level playing field that is required to build the confidence for small business to invest, most especially in skills, does not exist. Instead tax cheating prospers. We shoot ourselves in the foot by perpetuating this policy. And it is a choice. But it’s one that’s not being changed soon. That costs us growth.
The people don’t have enough money so the solution is to take more off them?