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Author Topic: Labour's economic plan would make us a normal country again  (Read 2119 times)

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Copps is Magic

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The discourse is often dominated by the idea of Labour's magic money tree, how will they find all this money, they will bankrupt the country etc.

But..

The way we should be looking at it is.. Why does the UK state spend much lower, as proportion of its wealth, compared to other similar countries? Turns out Labour's spending plans would just make us a normal country again in terms of levels of spending.

https://mainlymacro.blogspot.com/2019/11/is-labours-economic-plan-credible.html?m=1&fbclid=IwAR3JzCAxDcP0HQ2Yo2h71vr7bGaykFM5INhbg8yDuOl0Z2nfmPJ4ZgKaRNs

Simon Wren-Lewis professor of economics at Oxford.



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wilts rover

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Re: Labour's economic plan would make us a normal country again
« Reply #1 on November 24, 2019, 05:18:33 pm by wilts rover »
This is the graph from your link Copps which I think makes your point easier to visualise.

Another way of looking at is what sort of country do you want in the future? An average European one with average levels of government spending, tax and state support. Or a US style one with low tax, low government support and huge differences between rich and poor.

https://www.theguardian.com/business/2019/nov/24/labours-spending-plans-arent-especially-unusual-just-look-at-sweden

selby

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Re: Labour's economic plan would make us a normal country again
« Reply #2 on November 24, 2019, 06:59:29 pm by selby »
  Wilts, if bankrupting a country is normal, well yes they will.

Copps is Magic

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Re: Labour's economic plan would make us a normal country again
« Reply #3 on November 24, 2019, 07:03:47 pm by Copps is Magic »
  Wilts, if bankrupting a country is normal, well yes they will.

You didn't read anything, did you.

DonnyOsmond

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Re: Labour's economic plan would make us a normal country again
« Reply #4 on November 24, 2019, 07:21:09 pm by DonnyOsmond »
  Wilts, if bankrupting a country is normal, well yes they will.

You didn't read anything, did you.

He's been brainwashed.

BillyStubbsTears

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Re: Labour's economic plan would make us a normal country again
« Reply #5 on November 24, 2019, 07:29:14 pm by BillyStubbsTears »
  Wilts, if bankrupting a country is normal, well yes they will.

You didn't read anything, did you.

Like, ever.

bpoolrover

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Re: Labour's economic plan would make us a normal country again
« Reply #6 on November 24, 2019, 07:35:08 pm by bpoolrover »
The link might be right, but why would you not believe the ifs, many labour voters use the ifs against the tories?

 

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