We definitely need to reverse the decline, but I’m not sure I buy the idea we are particularly unique globally in terms of personality. Literally every country is like this and they manage. The idea that the yanks are perfectly happy with their service levels or the French with their tax levels is nonsense.
We need economic growth and proper long term investment. The US gets to be mental cos it’s minted, everywhere else just has sensible long term policies around investment. We are always trying to penny pinch and are massively anti development so we get the worst of both worlds: low income and high expenditure.
HS2 is by far the best example of this. But equally the short termism of cuts to public services the last 14 years has been very expensive. As had the refusal to close tax loopholes. The refusal to build literally anything.
You and the author seem to have the belief that income is fixed and we just have to raise taxes or cut spending but the fact is that’s the plan of the last 14 years and it’s lead to anaemic growth and no better public finances. We’ve raised taxes to their highest level and cut spending pretty much as much as possible. I’m not sure more of the same is going to produce different results.
While I agree with some of that, it's far too simplistic to just say 'growth'. If you want growth then the most vital thing has to be WHERE and WHO gets that growth. Without that information then it's meaningless. Most of the country could be getting poorer while a handful of people just chuck a load more cash on their pile.
There's so much we need to do in terms of infrastructure that should be done by public not private, which would create employment and improve living conditions. Plus we need people to understand that there actually is a 'magic money tree' as we have a sovereign currency. Just you don't want to pick from the tree too often and devalue the currency too much.
First thing pops into my head - energy. A lot of coastal towns and communities are deprived so make them the backbone of a green energy revolution with wind and tidal, as well as solar in the south. Redevelopment and jobs for struggling communities, reducing our energy dependency and helping save the planet. Three big things that could be massively improved with one set of infrastructure improvements. I'd say that's worth printing a bit of money for.
But then we've still got health and care service, education, transport, sanitation as well a loads of others to pick from.