Someone needs to explain to me how it is that the richer Britain gets the poorer it thinks itself.”
Because UK Plc is run by politicians, not businessmen; if we were a company, we'd have been put into liquidation by our creditors by now. Unfortunately, politicians, and chancelors of the excehquer go for crowd pleasing policies, or the least desplorable taxes that they can get away with. Blair took us to war, with Iraq, and with Afganistan as well, that costs us £20.3Bn as at June 2010. Brown overdid the PFI agreements for hospitals so that the costs wouldn't appear in the budget figures, and every time a chancellor raises the NI rates, that takes out money needed for the NHS, schools, and every other public body, so they then need to give them more in the next budget. Brown quietly encouraged people on benefits to apply for disability payments to bring down the out of work figures, and then offered those on low wages the working families tax credits, so that encouraged firms to give more part time jobs rather than a living wage. And Blair encouraged immigrants because the benefits class didn't want to do the low paid jobs, and Brown then encouraged more because the number of old people is increasing per 1000 actually in work, so current thinking by every chancellor seems to be "we need more immigrants to support a growing elderly population". Except that the immigrants are reckoned to cost the economy £30bn in tax credits, housing benefit, and child benefits, and that doesn't take in to account the necessary increase in housing and infrasturucture, plus the people to then staff them
Brown felt that at least 50% of youngsters should go to university, but the education budget couldn't support thay many, so they had to introduce fees, and Cleg lied through his teeth, and allowed them to rise to £9K, and it's likley that they'll hit £14K in the years to come.
But at the end of the day, it's likely to be Thatcher that really set the rot in, because she decided that we didn't need manufacturing, because we had the city, so the not so bright kids had nowhere to go, other than the dole.
Britain only appears to be richer, but the available money is being spread in the wrong direction, that's why we feel we are poorer, because we are.