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Shaun Richards from Not A Yes Man Economics says the various election manifestos have more holes than in a Swiss cheese. He explains how the authorities have created a vicious circle where they have pumped enormous money into the economy, propped up housing prices, which means wealth for quite a few but inflation for the majority and people have a hard time letting go to the wealth via high taxes. Richards says one thing is clear - that taxes are likely to go up in the next parliament. #UK, #election, #taxation, #fiscalpolicy, #macro, #economy