"This vicious circle of lower tax revenues, more cuts needs to be broken and the direction of argument reversed.
“We can only have the health/education/transport/housing we can afford” must become “we can only have a productive economy if we have healthy, well educated workers that can get to work and have somewhere decent to rest at the end of the day”.
https://www.taxresearch.org.uk/Blog/2025/01/08/borrowing-costs-are-high-because-thats-exactly-what-the-bank-of-england-wants/#comment-1000996
[#]inequality #UKpolitics #MMT #framing
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