Labour Affairs – October Issue
October 2022: Editorial: Animal Spirits, Taxing and Borrowing
Written before Kwasi Kwarteng was sacked, it explains the damage his policies are doing.
Kwarteng will also remove those regulations that he feels are restraining the animal spirits of the private sector. Incentivised by lower taxes and less regulation, the UK private sector, according to Kwarteng, will resolve the problem of low growth that has bedevilled the UK economy for the last 15 years.
This remains a Tory belief. Many want a milder version of the same, ignoring what actually needs to be done.