11min chapter

Intelligence Squared cover image

The Intelligence Squared Economic Outlook, with Paul Johnson, Part One

Intelligence Squared

CHAPTER

Britain's Economic Landscape: Challenges and Choices

This chapter analyzes the current state of Britain's economy amidst challenges like Brexit and the COVID-19 pandemic, highlighting recent growth and wage recovery after years of stagnation. It discusses the complexities of public finances, showcasing the tension between high tax levels and underfunding in public services, driven by poor economic growth and rising debt payments. The speakers also compare the UK's tax system to those of other Western European countries, considering the societal implications of differing tax rates.

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