We are walking on a cliff edge when it comes to the debt burden
7 February 2009
SUGGESTED
In the Media
Prof. Philip Booth writes a letter to the Daily Telegraph
18 June 2003
In the Media
Mark Littlewood appears on BBC Radio 4's Moral Maze
21 July 2010
Tax and Fiscal Policy
19 November 2024
Philip Booth writes for the Yorkshire Post
Editorial and Programmes Director Professor Philip Booth discusses the growing debt burden in the Yorkshire Post.
He argues that “we are certainly walking on a cliff edge. Public spending on health, welfare and education are all rising rapidly and the private sector of the economy is ever-more bound up with regulation and higher taxes. Quite apart from the fall-out from the current financial crisis the burdens being placed on the private sector of the economy are huge. The additional burden of financing the various commitments to which governments have more or less bound future generations might push us over the edge.”
He argues that “we are certainly walking on a cliff edge. Public spending on health, welfare and education are all rising rapidly and the private sector of the economy is ever-more bound up with regulation and higher taxes. Quite apart from the fall-out from the current financial crisis the burdens being placed on the private sector of the economy are huge. The additional burden of financing the various commitments to which governments have more or less bound future generations might push us over the edge.”
SHARE
