Even with growth, shrinking state spending as a share of GDP will require serious reforms and cuts to government programmes.
The Northern Ireland Secretary also warns about putting up the National Debt “which our children will then have to pay off.”
Treating our debt like that incurred during the Second World War is impossible without growth rates comparable to those of the post-war decades.
Wrong-headed Treasury thinking will leave people paying unnecessarily high as the cost-of-living crisis strikes.
What if we had given workers on furlough the chance to do R&D for their companies instead of being paid to simply not work at all by the Government?
The second in a series of articles on how the Chancellor should approach the upcoming Spring Statement.