"The biggest cost pressure to households in the UK results from the consistent failure of governments to ensure sufficient housing is built to meet the need in both the sale and rental markets."
I would agree that is a problem but it would take a lot of guts to make it easier and cut regulations on building and renting. Instead the pressure is the other way. Instead they come up with schemes to make it more expensive and difficult to build/rent.
"but a big contributor was George Osborne's obsession with cutting government expenditure and reducing taxes"
Except this was the 'austerity' which wasnt. Instead of cutting spending it was a reduction in the massive spending plans already made. He was still spending more than 2008. Spending is at an insane high which is why people start counting from 2010 when the UK had a huge blow out knocked out only by covid spending. How is that sustainable?
"(hint: reducing taxation and government expenditure does not promote private sector growth particularly in an economy like the UK which is over-reliant on retail and services)"
Do not see any evidence of that at all. The only correlation we seem to agree on is huge spending based on more debt. Private sector growth seems very much strangled by a growing and interfering state.
"There's no intrinsic reason why we can't afford high-quality public services if we fix these soon"
Fix what how? There is a lot of mismanagement to fix and it would mean facing down the cults making our lives more expensive and more difficult. The government has made public and private cost a hell of a lot more due to our energy situation which feeds into everything. To solve that means facing down the green madness.
"areas such as health, social care and education they will be always be more economical than private alternatives because they operate at scale"
Questionable. As per usual if our health model was so great others would copy it. Allowing academy's was the UK emulation of the nordic education model people like to praise. I was impressed by the healthcare I got in Europe. I paid insurance and the doctors actually wanted to see patients, spend time to understand the problem and then actually resolve the issue. And quickly.
"However, we have to stop being bamboozled by political gimmicks in the same way that politicians are apparently bamboozled by science. And, it would seem, economics."
That is a hard statement to disagree with. Have a pint ->