Biteback Publishing Return To Growth

The UK has, in recent years, been suffering from what is nothingshort of an economic crisis.Growth has now completely stalled in those westerndemocracies, the UK included, where high government spending and high taxeshave steadily burgeoned, decade after decade.Free-market economies nowthreaten to leave us behind in terms of wealth, opportunity and standards ofliving.At the end of Rishi Sunak's 2024 government, expenditure was at 45 percent of GDP and taxes were 36 per cent and rising - yet still nowhere nearsufficient to cover public expenditure.The government's net annual borrowingis now a completely unsustainable 4.4 per cent of GDP, with our overallnational debt growing rapidly and alarmingly. In this arresting and powerful manifesto for economicchange, Jon Moynihan analyses the UK's decades-long stagnant economy and looksat what can be done to resuscitate it.Combining rigorous research withunparalleled business experience, he explores the key dynamics affectingeconomic growth, ranging from government borrowing, expenditure, tax andregulation to the way national resources are deployed on non-productive andfutile, growth-stifling endeavours. Ultimately, Moynihan shows that unless we act now to reversethe decline, by radically restructuring our economy to stimulate economicgrowth, the UK risks stagnation, financial collapse and a long-termdisintegration in our standard of living.Ignore his warning at yourperil.