>> Is there something fundamentally unsustainable about the structure of the UK economy and society.
Ultimately, yes if we continually run a budget deficit.
Balance of payments deficits can be offset by foreign investment which I guess is not unrelated to much of our infrastructure being foreign owned, resulting in bigger future deficits driven by the export of earnings.
Ultimately we either live beyond our means or reduce our standard of living relative to our peers, which eventually happens anyway either gradually or catastrophically.
>>
>> How is the question - improved productivity, implementation of AI more widely, better training and
>> education, automation???
I suspect higher investment underlies the greater productivity of more successful peer countries. But the mindset here is that British workers must be lazier. I don't believe it.
The best thing in the Autumn statement was 100% first year write down on capital spend. Ultimately it shouldn't reduce the tax take, just accelerate relief. And if the investment results in better productivity, further increase tax on future profits
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