Chief economist at the ex-PM’s institute forecasts taxes will have to go up by 1.9 percentage points of GDP by end of Parliament
In a speech at a conference in London on Tuesday, the former prime minister will call for greater use of artificial intelligence to boost growth.“Britain is facing an unenviable triple whammy of high taxes, heavy debt and poor outcomes,” he will say. “And worse is to come with the demographics of an ageing population against us, deep structural health problems and rising numbers of long-term sick.“The simple and unavoidable truth is that, unless we improve growth and productivity and drive value and efficiency through our public spending, we’re going to become poorer.
