How would you fix the economy.

[Brew_DD2]

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...

Which professions are those? Asking for a friend.

 

[moto748]

I like a lot of Nick's ideas, but I do thinking 'stopping' the likes of Amazon from operating in the UK seems a touch optimistic in the modern world. We can stop them employing people in the UK, I guess, but would that be so great?

 

[Scrattajack]

It's going to be very, very expensive.

The main priority is to sort out our energy problems. Given that it takes about 10 years to build a nuclear reactor, give the tidal energy industry a bit of love with a few incentives. Give them what they need by taking back control of any suppliers they might need (e.g. steel).

As "bubble-up" economics has been shown to work better than the laughable "trickle-down" approach, put more money into the pockets of 'ordinary' people where it will definitely benefit the UK economy rather than an individual's offshore account.

And finally, rejoin the European Single Market.

 

[Bosch]

Would a Carboot sale help?
Sell of the lake district to China.
Back catalogue of Led Zepp to Russia?

 

[samale]

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.

You would get my vote

 

[Robin54]

It's going to be very, very expensive.

The main priority is to sort out our energy problems. Given that it takes about 10 years to build a nuclear reactor, give the tidal energy industry a bit of love with a few incentives. Give them what they need by taking back control of any suppliers they might need (e.g. steel).

As "bubble-up" economics has been shown to work better than the laughable "trickle-down" approach, put more money into the pockets of 'ordinary' people where it will definitely benefit the UK economy rather than an individual's offshore account.

And finally, rejoin the European Single Market.

If you ask the Chinese to build it, it would be up and running next week. The single market just makes poor countries even poorer - thats why you can buy a coffee for a pound everywhere on the high street - I dont know any coffee pickers living the life of luxury. In case you dont know, but a fact for you - the biggest coffee importers /processers in the world are Germany who dictate who trades with the EEC. May I ask you politely, just add up all the coffee machines in your area... its staggering, Just start at your local railway station and work up......whos making all the money on this? It aint some poor sod picking beans in Africa. Its frightening - well it frightens me - a humble bean.

 

[Scrattajack]

Would a Carboot sale help?
Sell of the lake district to China.
Back catalogue of Led Zepp to Russia?

Pretty much what it's come to, as the Conservative and Unionist Party have asset stripped everything else.

 

[samale]

If you ask the Chinese to build it, it would be up and running next week. The single market just makes poor countries even poorer - thats why you can buy a coffee for a pound everywhere on the high street - I dont know any coffee pickers living the life of luxury. In case you dont know, but a fact for you - the biggest coffee importers /processers in the world are Germany who dictate who trades with the EEC. May I ask you politely, just add up all the coffee machines in your area... its staggering, Just start at your local railway station and work up......whos making all the money on this? It aint some poor sod picking beans in Africa. Its frightening - well it frightens me - a humble bean.

Much like oil being traded in USD

 

[Scrattajack]

If you ask the Chinese to build it, it would be up and running next week. The single market just makes poor countries even poorer - thats why you can buy a coffee for a pound everywhere on the high street - I dont know any coffee pickers living the life of luxury. In case you dont know, but a fact for you - the biggest coffee importers /processers in the world are Germany who dictate who trades with the EEC. May I ask you politely, just add up all the coffee machines in your area... its staggering, Just start at your local railway station and work up......whos making all the money on this? It aint some poor sod picking beans in Africa. Its frightening - well it frightens me - a humble bean.

The Conservative and Unionist Party tried to do the nuclear thing on the cheap by inviting in the Chinese. And then cancelled it (rightly) because it was a security risk.

The question was about fixing the economy rather than the well-being of coffee bean farmers. I do care about that, but of course, if we were a member of the single market we'd be better able to change its policy.

 

[dcbrookes]

The one thing I would do is alter the tax system to be like that in France, where we lived for many years. There, tax on earned income is lower, but tax on investment income is much higher.

 

[foxy]

The one thing I would do is alter the tax system to be like that in France, where we lived for many years. There, tax on earned income is lower, but tax on investment income is much higher.

I think that is the same in most countries unearned income attracts a higher tax bracket. Should you declare it.

 

[YeastFace]

Convert Tory MPs to soylent green for food and energy purposes.

 

[DocAnna]

Fixing the economy... sheesh well not by increasing taxation further at the moment.
There is a fundamental problem with lower paid jobs not being worth doing due to it not being worthwhile due to the taper on benefits. Lack of training for practical roles, lack of protection for small businesses such as against energy rises and employers costs imposed by taxation also means a shortage of skilled trades.
We are in an unsustainable situation that has mortgaged our future against our present workforce. Work needs to be worth doing. As for our professions, for crying out loud fix the pension situation for public services- fire, police, NHS, and the judiciary. I cannot understate how messed up this is and how it impacts everyone who relies on these.

Ok so:
1: Fix the benefits - employment taper - even though this has been improved, it still means very little gain for working more than 14 hours for someone on living wage: https://commonslibrary.parliament.uk/content/uploads/2022/02/MDR-charts.png So taper much more slowly - it's 55% at the moment on top of tax - I'd change it to 20%

2: I'm not a fan of labour policy as a whole, but I was on record before all of the announcements that fixing our energy reliance and green industry is the way to go: Would build industries that can export as well, builds skills, manufacturing capacity, and energy independence.

3: Free trade agreement with Europe - just get on with it.

4: Student loan repayment incentivised for working in public services: For every £1 paid from a public service role, pay off £1.10 of your student loan. Incentivises support of care, health, police, fire, civil service roles.

5. Pensions: get rid of the triple lock - it's not fair on everyone else when times are hard. The tax threshold doesn't need changing just the daft way it's calculated and tiered for public services.

6. Profits taxed on basis of location of purchaser - so profits made from transactions in the UK are taxed in the UK - would encourage US businesses to have bases in the UK to avoid double taxation with the US global taxation rules - and should balance some of the measures above.

7. Ok I said not more taxation, but a 50% rate over £300K a year seems fair.

Do I get to be PM now?

 

[Leon103]

Just found this thread. A good laugh.

Glad you lot aren't in charge.

 

[Chippy_Tea]

Just found this thread. A good laugh.
Glad you lot aren't in charge.

Why not post your fix instead of just taking the piss.

 

[Leon103]

Why not post your fix instead of just taking the ****.

I was having a think of something that is realistic and fair.

I will start by saying cut beer duty. Good ideas usually come during a beer. Plus everything is more rosey with a pint in the hand.

Then I will give direction to local councils to set up local energy clubs. Keeping local energy within thr communities that generate it. Cheaper energy for people whilst less spending by the national grid

 

[Clint]

I need to think...
Right..First up would be to carefully consider "foreign aid"
Any countries with an army,space programme or an F1 team would be off the list.
Work. There seems to loads of jobs about and an equal amount of people who don't work. Now before anyone starts getting upset I'm on about people who won't work. They would be bussed out to jobs.
Speed bumps. These would go. One of the non workers would be given a rain coat and a speed gun.
Going electric...complete farce! There's nothing green about electric cars.
Energy. Get the money saved from chucking at other countries and build power stations,wind farms,tide farms etc.
Food. Stop arsing about and produce more,stop ripping off farmers.
Tax. What would these mega corps actually do if they were told to pay up? Would they leave? Why not try it? Obviously someone is "scared" of them or benefiting. Stop hammering the working man...its not hard in a lot of jobs to jump into the next tax bracket but the wages is still not massive,you still have to work hard,then to see it disappear makes you think "what's the point?"
Cut alcohol duty to 1%.

 

[Chippy_Tea]

To add to clints list -

Mothball HS2 until we can afford it.
(Permanently if i had my way)

 

[Clint]

Yeah. Total waste of money. And I'd brick that channel tunnel up too.

 

[Cheshire Cat]

I’d appoint Foxy to draw up the plans to fix the economy and then do the exact opposite