'Labour Is Driving UK Off A CLIFF!' Economist Warns Of 'Benefits State Britain'

By TalkTV

Community Score: 50% | 966 views | 3w

0 community ratings: null thumbs up, null thumbs down

Economist Liam Halligan warns that Labour’s tax-and-spend policies risk driving the British economy towards recession and a full-blown financial crisis. The Centre for Policy Studies director argues that Britain’s historically high tax burden is discouraging investment, destroying jobs and pushing wealthy entrepreneurs overseas. He also warns that excessive welfare spending risks creating a permanent class of “client voters” dependent on state handouts. With Britain reportedly spending around £120 billion a year servicing its debt, Halligan says financial markets are “flashing red” and the Government must rein in spending before international creditors force it to act. #UK​Economy #Labour #Tax Have you got a story? Email tips@talk.tv Click here for more from Talk https://talk.tv If you need any help visit: https://talk.tv/helplines Subscribe on YouTube: https://www.youtube.com/talktv?sub_confirmation=1

Tags: Liam Halligan, Julia Hartley-Brewer, Claire Pearsall, Centre for Policy Studies, CPS, When the Facts Change, Andy Burnham, Labour government, Labour Party, UK economy, British economy, recession warning, tax burden, tax rises, tax and spend, government spending, welfare state, client voters, benefits system, PIP payments