The Daily Telegraph, 24 January 2024, Catherine McBride
Britain needs to become a country where millionaires want to live, not one that they want to leave.
The Chancellor must improve productivity to achieve this and crucially needs to get experienced workers back into the workforce and encourage them to build up capital.
People between 50 and retirement age are usually at peak earning power with the lowest expenses: their mortgages have been paid off, their children have left home and they have acquired most of the large material goods they need.
This should allow them to put money into savings and pensions which are then invested in businesses and government bonds, which help the economy to grow.
Unfortunately, this isn’t happening anymore.
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