The big economic question (now the banks have been saved) is how to get the country growing and encourage investment. The economic crisis has opened up a debate about what kind of economics we want. Britain can't rely on the financial sector to drive the recovery and generate growth - a radical strategy is required to reform and modernise the economy to encourage job creation and sustainable growth. Tax reform is centre stage.rnReducing labour costs means companies can employ more people, which helps drive economic growth. Some economists recommend reducing unemployment, which will reduce social security contributions. A radical way to cover the revenue shortfall to HMRC would be to increase the tax on debt.
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