Yes I don't know where people got 'shambles' from. They may not have done a great deal but it wasn't shambolic. Their voters deserted them in 2015 for no political benefit.

I most remember Lib Dems policy of no tax under £10k and now rising to about £12k. The Tories claimed that. Can't remember the other good few policies they wanted agreed and signed before doing the deal.

What makes you think there was an "inability" to increase investment on infrastructure? Or for that matter investment in education and healthcare?

Tax take per capita will be impacted by earnings per capita and the tax rate. If tax take per capita falls, as you suggest that would imply lower earnings per capita or reduction in tax rates. Earnings per capita has broadly increased since 1979, however average taxes on personal income have fallen from 10% of GDP to 9% in that time. That's over 1% lower than in the US, having been slightly higher in 1979. It's also lower than Canada, NZ, the Nordics and a number of other OECD countries. Tax on corporate profits has also shrunk as a share of GDP from 3.6% of GDP to 2.5% since the Tories came back to power. Social security contributions are also way below the OECD average and have reduced under the Tories.

This is ideological. The Tories have decided to slash spending on infrastructure, policing, healthcare, education, while simultaneously reducing the tax burden. Reducing tax on companies doesn't promote inward investment in the way that politicians would have you believe. There are huge amounts of corporate profits which sit on balance sheets doing nothing. It actually takes money out of the economy far from creating some sort of multiplier effect.

But more even than just talking about tax take - the government has been using QE for years now to prop up asset prices. This is completely irresponsible, and also ignores what they should be doing with monetary policy - increase money supply to invest in the economy and improve productivity. Creating asset bubbles with public finances just helps line the pockets of those who own the assets - the already wealthy. Using the argument that printing money for government spending just creates inflation is only true when an economy is at full employment - something ours is nowhere near. You can increase money supply and increase GDP in real terms up to that point. But this is against Tory ideology.

What makes you think there was an "inability" to increase investment on infrastructure? Or for that matter investment in education and healthcare?

Tax take per capita will be impacted by earnings per capita and the tax rate. If tax take per capita falls, as you suggest that would imply lower earnings per capita or reduction in tax rates. Earnings per capita has broadly increased since 1979, however average taxes on personal income have fallen from 10% of GDP to 9% in that time. That's over 1% lower than in the US, having been slightly higher in 1979. It's also lower than Canada, NZ, the Nordics and a number of other OECD countries. Tax on corporate profits has also shrunk as a share of GDP from 3.6% of GDP to 2.5% since the Tories came back to power. Social security contributions are also way below the OECD average and have reduced under the Tories.

This is ideological. The Tories have decided to slash spending on infrastructure, policing, healthcare, education, while simultaneously reducing the tax burden. Reducing tax on companies doesn't promote inward investment in the way that politicians would have you believe. There are huge amounts of corporate profits which sit on balance sheets doing nothing. It actually takes money out of the economy far from creating some sort of multiplier effect.

But more even than just talking about tax take - the government has been using QE for years now to prop up asset prices. This is completely irresponsible, and also ignores what they should be doing with monetary policy - increase money supply to invest in the economy and improve productivity. Creating asset bubbles with public finances just helps line the pockets of those who own the assets - the already wealthy. Using the argument that printing money for government spending just creates inflation is only true when an economy is at full employment - something ours is nowhere near. You can increase money supply and increase GDP in real terms up to that point. But this is against Tory ideology.

Once again, may doesn't actually answer a question in pmq's and gets away with it.

Once again, may doesn't actually answer a question in pmq's and gets away with it.

Ironically an area that is starting and will continue to grow as a result of Brexit