UK Stagnation: Rising Taxes and Debt, Falling Spending, and No Economic Strategy Leave Brits Poorer
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The UK economy is stagnating - we are getting poorer despite GDP growth due to population increases rather than individual prosperity.
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Taxes are rising to record highs but public spending is falling - meaning worse services despite higher taxes.
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National debt continues to rise, making us poorer, while money for key public services is being squeezed.
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We have very little room to maneuver fiscally - the budget plans require many optimistic assumptions.
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We have no coherent economic strategy after years of failed approaches, leaving us poorer and more vulnerable.