Jump of £37bn in budget deficit by 2040 would force government to increase taxes, NIESR predicts

The article says this:

Jump of £37bn in budget deficit by 2040 would force government to increase taxes, NIESR predicts

If you were prime minister, would you cut immigration even if it reduces GDP and requires tax rises, or would you keep current levels of immigration?

  • kbal@fedia.io
    5·
    9 days ago

    Growing by 3.6% less is not the same thing as shrinking by 3.6%, economists. Personally I’m for open borders and zero GDP growth, ideally.

    • Croquette@sh.itjust.works
      5·
      9 days ago

      GDP growth doesn’t help the average person. GDP shrink hurt the average person. Let’s get rid of that dumb metric.

      I give you 10$, you give that 10$ to JimBob and Jimbob give it back to me. Same 10$, 30$ in value created. A fucking farce.

      • Viking_Hippie@lemmy.dbzer0.com
        6·
        9 days ago

        GDP growth doesn’t help the average person. GDP shrink can hurt the average person

        Fixed it for you.

        Like the stock market, only the rich people who own almost everything are directly effected by the GDP growing OR shrinking.

        The only way the rest of us are hurt by either is through their unnecessary reactions to their unfathomably vast dragon hoards not accumulating at the rate they expected.