Politics · 1 hour ago
Economist Arthur Laffer warns Andy Burnham that high taxes are destroying Britain
Arthur Laffer, an economist who advised three US presidents, claims the country is entering a "death spiral" ahead of October's Budget. Writing in The Telegraph, he told Prime Minister Andy Burnham the nation suffers from poor economic growth rather than low tax revenues. The criticism follows a huge jump in government borrowing costs last week, which hit their highest mark since the 2008 financial crash.
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