John Redwood: There is a magic money tree - the private sector, sensibly taxed

John Redwood: There is a magic money tree - the private sector, sensibly taxed

Sir John Redwood is a former MP for Wokingham and a former Secretary of State for Wales. The UK is riding the doom loop. The state puts up taxes, that hits the economy, growth slows and the deficit increases; the government puts up taxes again to cut the deficit and the same thing happens; we tumble downwards, watching more people and businesses give up on Britain and head abroad. Most people in the debate acknowledge that current public spendin…