UK election manifestos have more holes than Swiss cheese - Not A Yes Man Economics
Shaun Richards from Not A Yes Man Economics says the various election manifestos have more holes than in a Swiss cheese.
He explains how the authorities have created a vicious circle where they have pumped enormous money into the economy, propped up housing prices, which means wealth for quite a few but inflation for the majority and people have a hard time letting go to the wealth via high taxes.
Richards says one thing is clear - that taxes are likely to go up in the next parliament.
#UK, #election, #taxation, #fiscalpolicy, #macro, #economy