How to plug a £40bn black hole
Political Currency
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Tax Policy and Political Strategy
This chapter explores the intricate dynamics of tax policy, particularly national insurance contributions from employers, and its implications for both revenue generation and the workforce. It discusses the political ramifications of tax increases, the strategy of framing such rises as a 'jobs tax', and the historical context influencing current fiscal decisions amidst a significant financial deficit. The chapter highlights the challenges faced by political leaders in fulfilling commitments while ensuring economic growth and effective public service funding.
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