Growth negligence: Britain’s budget

With no fees or minimums on checking accounts, it's no wonder the Capital One bank guy is so passionate about banking with Capital One. If he were here, he wouldn't just tell you about no fees or minimums. He'd also talk about how most Capital One cafes are open seven days a week to assist with your banking needs. Yep. Even on weekends, it's pretty much all he talks about in a good way. What's in your wallet? Terms apply. See capital1.com/bank. Capital One, n a member, FDIC. Hi. It's Matt here from p one with Matt and Tommy, and this episode is sponsored by eBay. Ever tried to buy a car online and end up in a parking lot with a stranger, a paper title, and some blind trust? With secure purchase on eBay, you don't have to. Secure purchase means sellers and titles are verified. Financing, covered. Registration, handled. Delivery, get your ride, plates, and paperwork shipped to you so you can skip the DMV and sketchy meetups. Buy your next car on eBay. EBay, Things people love. Skill purchase is powered by Caramel Dealer Services LLC, an eBay subsidiary. The Economist. Hello and welcome to The Intelligence from The Economist. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world. We pay a visit to India's most populous state, Uttar Pradesh, and meet its leader. Like Prime Minister Narendra Modi, he's another muscular Hindu nationalist type, but in holy robes. And, he might be a sign of India's politics to come. And, job seekers pay attention. We've gathered up some of our readers' best interview questions. It's the simplest ones that turn out to be the most disarming. First up though, We've been telling you for some time that Britain's biggest ailment is its low growth and low productivity. Britain's chancellor or finance minister, Rachel Reeves, would love to blame that on the previous conservative governments. This is not about the last fourteen months. It is about the previous fourteen years. The legacy of Brexit and the pandemic, and the damaging decisions by the party offices. So when she presented her much anticipated budget yesterday, her main job was clear. Today's budget builds on the choices that we have made since July. To cut NHS waiting lists. Yeah. To cut the cost of living. Yeah. And to cut debt and borrowing. She announced £26,000,000,000, $34,000,000,000 worth of tax rises on wages, on pensions, on housing. I do recognize that I was asking, ordinary people to pay a little bit more. But where was the tune up to the growth engine? That service doesn't appear to have been performed, and that is dangerous for Britain and eventually for Ms. Reeves' Labour Party. This budget was a classic Labour tax and spend budget. Tom Carter is our Britain economics correspondent. It was squarely aimed at short term political survival and satisfying left wing critics, but it did very little to actually …