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BRITAIN must adopt “European” styles of taxation to end austerity and properly invest in public services, a think tank has said.
A new report by the Institute for Public Policy Research (IPPR) said that yearly public spending would rise by £2,500 per person if the British government matched the average taxation plans of many of its European partners.
This increase would mean that government spending would end up matching the European average of 48 per cent of gross domestic product (GDP), rather than the current spending of 40 per cent.
Under current policy, welfare cuts are just a small downpayment on future austerity, argues MICHAEL BURKE
Europe is acquiescing in Trump’s manoeuvrings — where Europe takes over the US forever war in Ukraine while Washington gets ready for a future fight with China. And it’s working people who will be left paying the price, says DIANE ABBOTT MP
Exempting military expenditure from austerity while slashing welfare represents a fundamental misallocation of resources that guarantees continued decline, argues MICHAEL BURKE
In the conclusion of his two-part article, PETER MERTENS reveals that while global military spending hits $2.7 trillion with European arms company profits soaring 1,000%, €1 invested in hospitals creates 2.5 times more jobs than weapons