To me though, the lack of action on tax is the most remarkable thing. If the UK Govt wants to spend more - which it probably should - and doesn't want to borrow all of it in perpetuity - it probably shouldn't - then increasing revenues must be looked at

As it stands, the UK govt is behaving like a 'fool in the bath', insisting on controlling the level of water only by adjusting the flow from the taps and ignoring the option of pulling the plug and avoiding overflow. And that doesn't seem ideal