The UK business as a whole doesn't invest enough in capital goods (capital investment); compare UK's 18% of GDP to Germany 23%, France & Ireland 24%, even Ameri

The UK business as a whole doesn't invest enough in capital goods (capital investment); compare UK's 18% of GDP to Germany 23%, France & Ireland 24%, even America with it's investment downturn in 2021 of 21%. And it's little wonder that the UK's productivity per capita is down. This drop in investment leads to a drop in output which leads to a drop in tax revenue which leads to a drop in the currency (external/forex, internal/inflation). Brexit certainly hasn't helped at all on the investment front (either internal or FDI); plenty of UK businesses are investing in a presence in the EU so they can keep selling to EU customers (which leads to EU employment and EU taxes). But cuts in services for the working class leads to a less productive working class (on top of the productivity hit from reduced capital investment), and real terms wage cuts leads to a real terms tax revenue cut as well (ceteris paribus; which it rarely is, the Tories want to tax the rich less which makes even less sense, the beatings will continue until morale improves!). Stagflation is hard enough to navigate through without wearing ideological blinkers.