The question that hangs over Sir Keir Starmer’s fiscal policy
Welcome to the Great British Politics Quiz. Round one: match the politician to the quote. Politician a) Rachel Reeves, Labour’s shadow chancellor; b) Jeremy Hunt, the chancellor; c) Liz Truss, a former Tory prime minister; and d) Sir Keir Starmer, the Labour leader. Quote 1: “I want lower taxation. We’re not looking to the lever of taxation, we’re looking to the lever of growth.
At the start of this parliament the state snaffled only 33% of GDP in tax. “Why have we got such a high tax regime?” asked Sir Keir this summer. “It’s because we’ve got low growth. That’s why I call it a doom loop.” Higher growth can help in the long term. But when schools are crumbling, ready cash is needed quickly. And pretending that public services can be improved without extra cash—believing in the Reform Fairy—is not serious.
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