You can either increase taxes or cut public spending - the macroeconomic effects, in general, are pretty similar. Question is which policy would be a bigger risk to growth given the current state of the UK economy. I say the economy needs a more effective and well-resourced government, not lower tax

I would also direct this meme towards the specious whattaboutery on energy costs now being pushed by mainstream commentators (like the economist...)

www.economist.com/britain/2025...

www.politicshome.com/news/article...

t.co/SNmF3SktQy

@martinsandbu.ft.com @rjpartington.bsky.social

Banks should use the liquidity generated by these excess savings to provide financial backing for real investments, to create new assets in the UK economy (businesses or infrastructure). Instead they want to pump money into existing assets and make a quick buck

Lots on cost curves, technology, etc but nothing on what problem this *actually* solves. If road safety is the ultimate benefit, the same thing could be achieved through more public transport provision (buses, trams, light rail). This is another shiny big tech solution seeking a problem

The only questions are ones of longevity and scale - will this 10-year strategy be seen to completion, and is it going to be backed by enough funding firepower to get the job done? 8/8

The focus on reducing energy costs and building long-term certainty for these industries is very welcome. The use of strategic, catalytic finance and a new skills offer will help to make the UK a very attractive place to invest in the industries of the future. 7/8

There is also a very welcome focus on foundational sectors such as ports, steel and other materials manufacturing. The presence of these industries are vital for the success of factories around the country who rely on their supply of material inputs. 6/8

The strategy doubles down on green transport with support for zero emissions vehicles and sustainable aviation. Low-carbon transport technologies, such as battery powered electric vehicles, are growing much faster than their fossil fuel equivalents around the world. 5/8

With a bit of investment in factories and skills, the UK's strengths in boilers can transition to heat pumps 4/8

Second, heat pumps. Once again, there’s a global manufacturing shortage. The UK has one of the largest heating and cooling industries in Europe but is currently specialised in boiler manufacturing. We know that there is significant overlap in making boilers and heat pumps 3/8

First, Wind. The UK has seen some of the fastest growth in offshore wind energy in the world, but has been slow to develop an industry around the supply chain. With supply shortages emerging, it is a great time for to invest in expanding wind manufacturing in Britain. 2/8

we outline several recommendations to support electric rail and all kinds of transport manufacturing growth here
www.ippr.org/articles/pla...

I'm thinking this is more to do with the kind of work we have - lots of workers, particularly on the minimum wage, are in sectors like hospitality and retail - Baumol effect sectors, rather sectors that are capable of dynamic productivity growth