Economic growth essential for success

This is a UK news story, published by MSN, that relates primarily to Andrew Keen news.

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growth economy

Telegraph

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Why the next Tory leader must abandon reckless economic nonsense to save Britain

Summary

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68% Informative

Labour’s policies are, with a few exceptions, growth-destroying, writes Andrew Keen .

Keen argues that the more a government interferes with and dictates what is going on in the economy, the less it will grow.

He argues that in free markets, entrepreneurs invest where they think they can get the best return of capital.

The Government can certainly create more government jobs, paid for through your taxes.

But this does not grow the economy, except in the most make-work sense.

Private sector jobs are created by a combination of entrepreneurs, businesses and investors.

AstraZeneca , which had always taken great pride in its success in the UK , is just one of scores of companies that have shunned Britain in the past two years thanks to Conservatives .

The size of the UK ’s public sector has inexorably increased, from around 30pc of GDP last century to, during Covid , over 50pc.

Along with a large state comes the corollary: high taxes.

Academic studies have shown that the higher the tax as a percentage of GDP, the lower the growth.

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informal

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English

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