How would you fix the economy.

[Chippy_Tea]

Posts moved from the Tory leader thread.

 

[Bernie]

What policies would commenters here apply to resolve the difficulties in the economy?

 

[Bosch]

What policies would commenters here apply to resolve the difficulties in the economy?

Free trade deals with EU

 

[Bernie]

Free trade deals with EU

1. That would also mean free movement of people and services. The British voted against this.
2. The economic situation in Europe is no better if not worse than that in Britain.

 

[Bosch]

1. That would also mean free movement of people and services. The British voted against this.
2. The economic situation in Europe is no better if not worse than that in Britain.

I live in the EU.
Our economic situation is better, I am afraid.

Anyhow, you asked what policies members would implement to improve the UKs economy. I simply gave my opinion.

 

[Bernie]

I live in the EU.
Our economic situation is better, I am afraid.

Anyhow, you asked what policies members would implement to improve the UKs economy. I simply gave my opinion.

I also live in the EU and energy prices have shot up (fuel, gas). Social assistance is non existent here; the British are rather spoilt in this respect. A few European countries are better off at the expense of others in the community.

 

[Bosch]

I also live in the EU and energy prices have shot up (fuel, gas). Social assistance is non existent here; the British are rather spoilt in this respect. A few European countries are better off at the expense of others in the community.

Prices have shot up across Europe.

Social welfare here, compared to the UK is much more generous.

 

[Agentgonzo]

1. That would also mean free movement of people and services. The British voted against this.

No they didn't. There was never a vote on free movement of people and services.

 

[Bernie]

No they didn't. There was never a vote on free movement of people and services.

Sigh! The referendum to leave the EU included this. In fact, most of the issues over immigration was that the thick British thought that Brexit would mean fewer foreigners roaming the streets.

 

[Bosch]

Thick British?

 

[Agentgonzo]

Sigh! The referendum to leave the EU included this. In fact, most of the issues over immigration was that the thick British thought that Brexit would mean fewer foreigners roaming the streets.

Even-bigger-sigh. No it didn't. The referendum was a simple yes or no vote. There were no conditions or inclusions. Many many different parties gave options of what could happen, but nothing was ever included in the vote. In fact, some parts of the leave campaign even said we would stay in the single market and keep our freedom of movement. And anyway, the UK public also voted against leaving (as well as for it).

 

[Cheshire Cat]

Did it include a 30 minute boil.

 

[Bosch]

I also live in the EU and energy prices have shot up (fuel, gas). Social assistance is non existent here; the British are rather spoilt in this respect. A few European countries are better off at the expense of others in the community.

Where I am, social welfare payments are much more generous than the UKs

 

[Bernie]

Even-bigger-sigh. No it didn't. The referendum was a simple yes or no vote. There were no conditions or inclusions. Many many different parties gave options of what could happen, but nothing was ever included in the vote. In fact, some parts of the leave campaign even said we would stay in the single market and keep our freedom of movement. And anyway, the UK public also voted against leaving (as well as for it).

That's the trouble with voting, people vote for what ails them the day of the vote. And yes, the issue was mainly about foreigners coming "over here" and using our NHS.
As an aside, Tony Blair contributed to the Brexit win by disenfranchising ex pats in the mid Noughties, many of whom would have voted in their own interests, to stay in the EU.

 

[lancon]

1. That would also mean free movement of people and services. The British voted against this.
2. The economic situation in Europe is no better if not worse than that in Britain.

1. Thats not true, they were told that Single Market would not be affected, which had attendant points

 

[dad_of_jon]

I'd limit the amount utilities could make to a fixed percentage above inflation if they make more it must be invested back into infrastructure of given to the the government. break the policy of paying the unit price for the highest cost per unit energy generator. (this was originally done to help get wind and solar off the ground)

outlaw inefficient power supplies for electrical goods..

4 year guarantee for major purchases/electrical items - to reduce waste recycling costs. items would cost more but last longer.

Increase personal allowances.

Extra tax on big ticket luxury items.

For those on benefits/low income vouchers for food basics to help with the food bank dependencies.

I'd also legislate that those jobs that can be homeworked employees should automatically have a right to. (I've seen far too many forced to go back when there was no need) commuting costs are a tax y'know. conversion of surplus offices caused by my last suggestion to homes.
Id stop this arbitary ban of diesel/petrol by xxxx date there is still not enough infrastructure for full electric.

Insist all new vehicles have auto emergency braking and similar safety features and traffic sign recognition. This will reduced deaths/injuries and reduce the need to put speed humps everywhere

Removal of speed humps as a traffic calming measure. repair roads.

Variable limits outside schools with camera enforcement.

Revise laws on ebikes to allow 20mph and a bigger output than 250w its hilly in a lot of the uk. might get more people taking the bike to work if there are less obstacles and better on the environment than a battery powered 4 wheel sofa. far less batteries needed for 4 ebikes than one electric car.

some of these measures have an initial increased cost but would generate savings to society down the line.

 

[Nicks90]

Mines a bit controversial but I think it would work.

Raise the tax threshold to £15000 and increase basic rate to 25% above that up to £60000.
Above £60000 tax rate should be 50%
Scrap national insurance.
Ecommerce and online businesses like farcebook and ama-dictator-zon are given a tax bill equaling a proportion of their global profits based on % of their user base against UK users. So if they have 500mill users and 10mill of those are UK users, we tax 5% of their global profits at our Corp tax rate irrespective of where their official tax office is based in the world. If they don't pay it, they can't operate in the UK. Stops them from basing themselves in low tax havens and saying they miraculously made zero profit in the UK....
Private Utility companies have a max profit ceiling and everything else goes to the treasury. This also includes any materials mined or extracted from the UK and sold abroad. Eg oil and gas.

Scrap income tax on pensions, they were taxed at source to earn the money to start with to pay in to the pension!

 

[Bernie]

Mines a bit controversial but I think it would work.

Raise the tax threshold to £15000 and increase basic rate to 25% above that up to £60000.
Above £60000 tax rate should be 50%
Scrap national insurance.
Ecommerce and online businesses like farcebook and ama-dictator-zon are given a tax bill equaling a proportion of their global profits based on % of their user base against UK users. So if they have 500mill users and 10mill of those are UK users, we tax 5% of their global profits at our Corp tax rate irrespective of where their official tax office is based in the world. If they don't pay it, they can't operate in the UK. Stops them from basing themselves in low tax havens and saying they miraculously made zero profit in the UK....
Private Utility companies have a max profit ceiling and everything else goes to the treasury. This also includes any materials mined or extracted from the UK and sold abroad. Eg oil and gas.

Scrap income tax on pensions, they were taxed at source to earn the money to start with to pay in to the pension!

1. 10 million is 2% of 500 million.
2. Nearly all ecommerce is made by businesses based in Britain.
3. National Insurance is meant to pay those who become unemployed.
4. "Above £60000 tax rate should be 50%" That means 50% tax on many train drivers, nurses at the top end of the pay scale, doctors, lead practitioner teachers.

 

[Nicks90]

1. 10 million is 2% of 500 million.
Sorry my bad
2. Nearly all ecommerce is made by businesses based in Britain.
With complicated business structures meaning the super profitable mega corps pay virtually nothing
3. National Insurance is meant to pay those who become unemployed.
It's all going in the same pot, so why complicate the tax system?
4. "Above £60000 tax rate should be 50%" That means 50% tax on many train drivers, nurses at the top end of the pay scale, doctors, lead practitioner teachers.
And the increase in the tax threshold to 15k AND increasing the higher rate threshold to 60k would more than offset that, as they are currently paying higher rate tax above 50k...

 

[Robin54]

Mines a bit controversial but I think it would work.

Raise the tax threshold to £15000 and increase basic rate to 25% above that up to £60000.
Above £60000 tax rate should be 50%
Scrap national insurance.
Ecommerce and online businesses like farcebook and ama-dictator-zon are given a tax bill equaling a proportion of their global profits based on % of their user base against UK users. So if they have 500mill users and 10mill of those are UK users, we tax 5% of their global profits at our Corp tax rate irrespective of where their official tax office is based in the world. If they don't pay it, they can't operate in the UK. Stops them from basing themselves in low tax havens and saying they miraculously made zero profit in the UK....
Private Utility companies have a max profit ceiling and everything else goes to the treasury. This also includes any materials mined or extracted from the UK and sold abroad. Eg oil and gas.

Scrap income tax on pensions, they were taxed at source to earn the money to start with to pay in to the pension!

Actually makes a lot of sense. Taxing pensions is difficult because they keep moving the goal posts. Personally, Im a bit sick and tired of some professions milking the system, and earning huge sums and moaning about their pensions. For some people its never enough - well never enough to finance their high life styles and 3 ski holidays a year and conferences etc, whilst really not working mega hard. Got to go, Im off to the porsche dealership tomorrow...