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But we saved everything 🙂.
Tom Forth highlights that an economy which maintained higher taxes—having increased them in the 1980s while Margaret Thatcher reduced taxes in Britain—and kept lower debt was able to invest significantly in foundational sectors like transport and research and development.
According to Forth, these actions have resulted in an economy that is now more than 30 percent stronger than that of Britain.
Forth has previously questioned economic models driving U.S. growth, specifically focusing on assumptions around housing supply and corporate pricing in a recent analysis. He has also examined preliminary figures suggesting an English region may hold the UK's highest fiscal deficit as a share of gross value added, according to separate research. These topics reflect his ongoing interest in structural and fiscal drivers across advanced economies.