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.
My dad returns to talk more about UK politics, this time describing the disastrous economic policy of Liz Truss and her Chancellor (finance minister) Kwasi Kwarteng. Advanced level English listening practice - this is complicated stuff, but keep listening to develop your English skills and learn about what's going on in UK politics and current affairs.
Episode page https://wp.me/p4IuUx-s7G
Video version https://youtu.be/csrAYt0eNbc
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