*Buzzzzz* Jeremy Corbyn's got a new tax bill for you and your family. Under Labour taxpayers would have to pay, on average, £2,400 more tax every year.pic.twitter.com/NVOpkFR9tu
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GDP effects everybody as it is a base indicator of how much money is being earned in an economy. It is therefore a base indicator for how much tax can be collected. That tax is used for every governmental service. Lower GDP = less tax = less services. So....
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It affects us all. Whether the average person gives it much thought is neither here nor there. When GDP drops taxes reduce and services are reduced.
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