
792. The Rick Thompson Report: LIZ TRUSS (16 October 2022)
Luke's ENGLISH Podcast - Learn British English with Luke Thompson
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Is the Government Borrowing Money?
When you have low tax and high public borrowing, all the country's money is going off to other investors wherever they are. With higher tax and more public spending, you're taking money off maybe the top 10% business revenue and investing it back into the country. There are loads of things that need public money, particularly at the moment. One of them is paying out to make sure people can pay their electricity and gas bills. We've got the health service in a really bad way now and it's never been worse. And we're committed to supporting Ukraine in their war against Russia militarily. It's not difficult. Economic sometimes feels very, very difficult.
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