How would you fix the economy.

[Pennine]

Joining the EU would probably be a good first step.

 

[Cheshire Cat]

Joining the EU would probably be a good first step.

They won’t have us back.

 

[Clint]

They won’t have us back.

...yet.

 

[Chippy_Tea]

..yet.

They will wait until we have paid the divorce bill!

 

[samale]

Joining the EU would probably be a good first step.

Or at least the single market, it would solve alot of problems

 

[An Ankoù]

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

Worthy of Excy Pingpong himself. Congratulations.

 

[Agentgonzo]

They won’t have us back.

They've stated repeatedly they would

 

[An Ankoù]

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

You can feel the draft even 300 miles away? Have the sheep migrated south?

 

[An Ankoù]

They will wait until we have paid the divorce bill!

And then they'll want a dowry!

 

[Robin54]

Worthy of Excy Pingpong himself. Congratulations.

Its why all the mines in africa are now chinese owned and most infrastructure projects are chinese funded. The EC makes poor countries poorer, because YOU have to trade with them on YOUR terms. Just think how your coffee arrived at your house for next to nothing - plankery on a grand scale

 

[foxy]

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?

Best way to fix the economy for you is to emigrate.

https://www.perthnow.com.au/business/job-offers-up-to-500000-to-work-in-rural-aussie-town-c-8584280

 

[foxy]

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

I would advise to call a general election an to vote in the Labour Party.

 

[MrJay83]

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%.

Careful now. You'll be accused of being far right with that outlook nowadays.

 

[moto748]

On foreign aid, I'd say this: yes, suggesting cutting it is often a dog-whistle to the racist Right, and even if we broke with international conventions and abolished it altogether, it would still be a pin-prick in our current woes. But... too much foreign aid has been targeted towards sweetheart deals to benefit British companies. If we're going to have humanitarian foreign aid, let's make sure it's just that, that it all goes to the poorest countries, those struck by famine or typhoon (for which the West's massive carbon footprint really ought to take some responsibility), not enriching people in the silicon valley of Bangalore or wherever.

 

[Polcho]

If the state pension was more realistic in the first place a triple lock wouldn’t be necessary. I’m not convinced that keeping pensioners poor would make it fair on everyone else to be honest.

I would make it law that people running government be qualified for the job they are doing.

For example, a chancellor should have a least a masters in economics and suitable experience of running a large organisation. art, sport, that sort of thing, a passing interest in entertainment is all that should be required.

Stop the production of these electric cars until such time as we can keep the lights on.

That the benefit system:

So no money given. Food tokens, that can be taken by home delivery companies like Tesco, if people don’t want to go to the shops with tokens. Rent and rates paid for directly, power paid for directly, could be tricky to control tbh.
Basically, all needs catered for, but no cash. Along with a requirement to accept any suitable job offered. Not some degrading job, something suitable.

We are down to £11.5 Billion as our foreign aid. This needs a serious re think. We really need to be giving aid to those in these islands that require it first.

Oil and gas, we could do better than licensing multinationals to take our resources and flog them abroad, just so that we can buy them back at a higher rate.

Tax people (I don’t know how), that take their fat kids to school 300 yards down the road in a Chelsea tractor.

Tax foodstuffs at a much higher rate that are imported when that foodstuff is produced in sufficient quantities in the UK.

Whatever the health part of the national insurance is, it should be proportional to risk. A person should be invited to a body mot every couple of years, their national insurance should be adjusted to risk. So if someone is abusing their body, higher risk, higher premium. Just like normal health insurance companies.
Don’t have to go to the mot, but your NI would stay high if not.

Probably not popular, but at the end of the day people are having heart attacks and the like every day mostly by ignoring their health. This causes ambulances to be called out putting more strain on the NHS when it may have been avoided. The knock in effect in terms of cost, pollution and a general waste of resources, not to mention the the shortening of life for individuals is far to high.

Like I said, not popular, but that’s the way it is

 

[foxy]

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%.

The won't work should be put out in the fields harvesting and earn their dole money. We have exactly the same situation here loads of jobs being advertised no matter where one goes. Seems prevalent in small country towns. I would drop the higher tax bracket for the mega corps they provide jobs. Economy runs on the minions being employed. In the UK the farms are one of the most important industries. The UK cant produce enough food to feed the populace, nor the energy to keep homes heated. Achieving something in life shouldn't be subsidising those who are more than happy to not work and think they are smart for living of the endeavors of others.

 

[Brew_DD2]

The won't work should be put out in the fields harvesting and earn their dole money. We have exactly the same situation here loads of jobs being advertised no matter where one goes. Seems prevalent in small country towns. I would drop the higher tax bracket for the mega corps they provide jobs. Economy runs on the minions being employed. In the UK the farms are one of the most important industries. The UK cant produce enough food to feed the populace, nor the energy to keep homes heated. Achieving something in life shouldn't be subsidising those who are more than happy to not work and think they are smart for living of the endeavors of others.

The UK has the lowest levels of unemployment in its history. There will always be those at the fiddle and will get away with it. Benefit cheats cost us very very little in the grand scheme of things. Work assessments are already very stringent and costly. There's no evidence that tightening things up any further will do anything other than push people with a genuine inability to work, over the edge.

On the other hand, mega corporate tax cheats costs us very very dearly. Easier to turn the population against the benefit cheat down the road than a faceless company though.

 

[YeastFace]

Worth pointing out that 40 odd % of people who receive universal credit (the main benefit) are in work.

More money is lost to the public purse by blue-collar fraud than benefit cheats.

 

[Brew_DD2]

Worth pointing out that 40 odd % of people who receive universal credit (the main benefit) are in work.

More money is lost to the public purse by blue-collar fraud than benefit cheats.

Furlough system for the self-employed certainly exposed the people that had been under-declaring for years.

 

[Cheshire Cat]

The won't work should be put out in the fields harvesting and earn their dole money. We have exactly the same situation here loads of jobs being advertised no matter where one goes. Seems prevalent in small country towns. I would drop the higher tax bracket for the mega corps they provide jobs. Economy runs on the minions being employed. In the UK the farms are one of the most important industries. The UK cant produce enough food to feed the populace, nor the energy to keep homes heated. Achieving something in life shouldn't be subsidising those who are more than happy to not work and think they are smart for living of the endeavors of others.

Should they be in chains and have a foreman with a whip and a savage dog.