Improving the supply of new housing, adjusting the Help to Buy scheme if necessary, revaluing council tax bands and accepting that universal credit won’t solve all of Britain’ welfare ills: all ideas batted around in domestic political debate in this country by politicians and commentators who manage to secure a reasonable hearing each time they suggest them. But the problem with this latest list is that it comes from the European Commission: poorly supported by last week’s European elections and not preaching from a position of runaway economic success.
The EC has published recommendations for each EU member state which are ‘designed to strengthen their growth potential, increase competitiveness and create jobs’. The specific recommendations for the UK, which you can read here, can be summarised thus:
– Cut the deficit in a sustainable manner.
– Prioritise capital expenditure.
– Broaden the tax base.
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