- NHS- productivity falling by 1.6% pa since Labour came to power and ramped up spending (see here- including chart above)
- Education- productivity falling by 1% pa since Labour came to power and ramped up spending (see here)
- Adult social care- productivity falling by 1% pa since Labour came to power and ramped up spending (see here)
When we last blogged it, we calculated that falling productivity in just those three areas is costing us over £2bn pa- cumulative. Over ten years that's £20bn plus. Or 6p on today's standard rate of income tax.
Yet despite that atrocious record in its own business, Big Government thinks it's quite OK to lecture the successful wealth generating bits of Britain on how to make money. And quite OK to spend billions more on rubbish programmes like Regional Development Agencies, R&D credits, and pointless philosophical speculations, supposedly to raise productivity, but actually just imposing an even higher tax burden on successful businesses.
We used to make dunces stand at the back with that cap on.
Today we put them in charge, let them spend 43% of our income, and lecture us on how to live our lives.