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Subsidising inefficient businesses does not encourage them to become more competitive and means that extra money has to be taken from tax payers for the same result. Inevitably, this reduces the total size of the economy and lowers living standards.
Jacob Rees-Mogg
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"Subsidising inefficient businesses does not encourage them to become more competitive and means that extra money has to be taken from tax payers for the same result. Inevitably, this reduces the total size of the economy and lowers living standards."
— Jacob Rees-Mogg #moneywealth

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Subsidising inefficient businesses does not encourage them to become more competitive and mean…

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Subsidising inefficient businesses does not encourage them to become more competitive and means that extra money has to be taken from tax payers for the same result. Inevitably, this reduces the total size of the economy and lowers living standards. — Jacob Rees-Mogg

About Jacob Rees-Mogg

Jacob Rees-Mogg was a Politician from United Kingdom (1969–present).

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Frequently Asked Questions

Who said "Subsidising inefficient businesses does not encourage them to become more compe…"?
This quote is attributed to Jacob Rees-Mogg, a Politician from United Kingdom.
When did Jacob Rees-Mogg live?
Jacob Rees-Mogg lived from 1969 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.