Sir Keir Starmer is right to be cautious about how quickly Labour can revive Britain's stagnating economy. The economic model of the last 30 years is broken and it is not obvious how to fix it
A good post fleshed out more thoroughly in your Prosepct article (I didn't know about the legal action taken by the OFT which effectively triggered the Big Bang, for example). However, given the trailed tax increases (in multiple news outlets) in the forthcoming budget and the election to parliament of people like Torsten Bell, I don't see a recognition on the part of the new government that domestic savings and investment should be prioritised, quite the opposite in fact.
A raid on extant savings vehicles (especially ISAs but primarily pensions) would, logically, be the next step should the touted increases in CGT be implemented which would, in my opinion, be a serious error given the mobility of capital and, as you note above, labour in this day and age because the only way to stop people and capital leaving would be the kind of capital controls abolished in 1979.
A good post fleshed out more thoroughly in your Prosepct article (I didn't know about the legal action taken by the OFT which effectively triggered the Big Bang, for example). However, given the trailed tax increases (in multiple news outlets) in the forthcoming budget and the election to parliament of people like Torsten Bell, I don't see a recognition on the part of the new government that domestic savings and investment should be prioritised, quite the opposite in fact.
A raid on extant savings vehicles (especially ISAs but primarily pensions) would, logically, be the next step should the touted increases in CGT be implemented which would, in my opinion, be a serious error given the mobility of capital and, as you note above, labour in this day and age because the only way to stop people and capital leaving would be the kind of capital controls abolished in 1979.