17.02.26
Fantasy Fiscal: The Economic Dream That Might Have Been
In an alternative reality, a newly elected Labour government levels with voters, raises and simplifies tax rates, reforms welfare and restores macroeconomic credibility. It pays a political price, yet in this counterfactual, tough early choices unlock falling interest rates, rising investment and a British productivity revival. This fantasy of coherence, credibility and growth is a...
Finance and investment