It’s appropriate on Budget day, and with this column of all columns, to start with a cool chart. Look at the chart below. You’re looking at the deeper, more structural context for Budget 2023. The real fiscal story of the last eight years has been what we as a society want to do with the excess corporate taxes from multinationals. The first few years’ excess taxes were absorbed almost entirely by the fiscal black hole that is the Department of Health, with some money for social protection, housing, and the restoration of public sector pay. Then Covid came along, and…
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