Thank you for listening, to see more of our work head to: www.ifs.org.uk/ Timecodes: 00:00 - Introduction 1:50 - Political context 4:27 - What problems was the Budget trying to address? 11:20 - Why the Budget failed to pass 14:00 - French tax and spend explained 22:04 - The 'no Budget' scenario 27:50 - Effect on the markets 29:40 - Is France spending a lot on debt interest? 31:24 - What happens next? 35:10 - What lessons can the UK take from France? 38:37 - Conclusion
In France they also spend 25% more than in the UK per head on healthcare, which is not all funded from government spending - making the comparison even more extreme. There is a lot of discussion of healthcare models (insurance vs NHS) but if we kept our system and spent 25% more on it, obviously it would perform better. French Roads are part funded by tolls. So overall, France appears to demonstrate historically you can have a high tax, strong public services model and a successful economy. But it also faces the same political polarisation we are seeing everywhere, posing a threat to stability.
Interesting video, but what's more interesting is what wasn't said. There is no mention of recent and ongoing events in the West Africa region and how this directly and indirectly affects France and, in particular, energy costs in the coming decades.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Thank you for listening, to see more of our work head to: www.ifs.org.uk/
Timecodes:
00:00 - Introduction
1:50 - Political context
4:27 - What problems was the Budget trying to address?
11:20 - Why the Budget failed to pass
14:00 - French tax and spend explained
22:04 - The 'no Budget' scenario
27:50 - Effect on the markets
29:40 - Is France spending a lot on debt interest?
31:24 - What happens next?
35:10 - What lessons can the UK take from France?
38:37 - Conclusion
In France they also spend 25% more than in the UK per head on healthcare, which is not all funded from government spending - making the comparison even more extreme. There is a lot of discussion of healthcare models (insurance vs NHS) but if we kept our system and spent 25% more on it, obviously it would perform better. French Roads are part funded by tolls. So overall, France appears to demonstrate historically you can have a high tax, strong public services model and a successful economy. But it also faces the same political polarisation we are seeing everywhere, posing a threat to stability.
Yes, the increased spending adds to the pension problem because life expectancy in France is that bit higher than in the UK, by approx. 1.5 years!
Interesting video, but what's more interesting is what wasn't said.
There is no mention of recent and ongoing events in the West Africa region and how this directly and indirectly affects France and, in particular, energy costs in the coming decades.
Thanks. Excellent analysis. As a Brit living in France 👍🏼
This is why you don't pay people to not work lol. It simply creates an awful incentive.