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Tom Forth suggests Britain should raise taxes to allow for greater investment in growth.
He acknowledges, however, that much of the additional tax revenue would likely be directed toward current spending rather than investment. Forth also expresses concern that substantial sums could be allocated to WASPI compensation, leading him to understand opposition to tax increases.
Forth has previously attributed stronger economic performance abroad to higher taxes and increased investment in areas like transport and R&D compared to Britain, according to a recent note. He has also compared economic models on U.S. growth, questioning the impacts of housing supply and corporate pricing in a separate analysis. The latest comments add to Forth’s ongoing discussion of fiscal policy and growth strategy.