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As Bastiat once said, there's a thing that can be seen and the thing that cannot be seen. Maybe parking ticket will be the same 1 pound as it is now. The UK's
by jiriknesl 6y ago
As Bastiat once said, there's a thing that can be seen and the thing that cannot be seen.
Maybe parking ticket will be the same 1 pound as it is now.
The UK's bill out of this will be ± half trillion pounds over coming (3 ?) years. Rishi Sunak is already rising taxes, they will raise them even more.
So even if "optically" the prices will not grow, you will do the same amount of work, create the same amount of value, but after HMRC taking their cut, you will end up with less quid in your wallet. You will be able to buy less.
And paying of all this will take decades. If it is a whole career, whole life, it's equivalent of permanent inflation.
Or did anyone think they can just print money without raising taxes? Come on!