Thatcher started well by curbing insane union power and ending subsidy of hopelessly uneconomic industries. However she could only do this because it was the settled will of the people, Heath tried before her but the time had not yet come.- but also, not putting business and capitalism before the needs of people, as Thatcherism tended to do. Just finding a balance (whatever that is) between the two considerations.
As I said, make banks liable to a proportion of the losses on a forced house sale. That will make them buck up their lending ideas. When Thatcher came into office some taxes were very high indeed and were cut, but this process has now gone too far the other way. The problem is not over taxing industry here but industry going abroad to avoid tax. That is the problem facing governments now and which has to be solved. The Uk could start by putting the Camen Islands out of business. We control it.Lowering corporation tax to make the UK more attractive to foreign investors, protecting the city from too many onerous regulations - while at the same time, providing enough regulation to protect workers, and protect against abuses such as the sub-prime hoo-hah, and the excesses that caused the credit crisis.
Time we learnt the UK cannot compete on low wages and increased minimum wage to a level UK people are willing to take the jobs. All we do by having a low mimimum wage is encourage foreigners to come here and do jobs we refuse.My bro used to work at Barclays, and some bigwig popped in to explain they were now the leading bank in the UK - and how profits had soared, etc (but only because they dumped a load of workers, paid the lowest wage possible, and made ppl survive on a skeleton staff
What I meant is that the country has a certain quantity of wealth which just happens. No individual earns it. It is surely fair that every citizen benefits from this. As an extreme example I seem to remember that in alaska people get given money by the state instead of paying taxes ...from the oil revenue. Exactly who should get the tax money paid by banks, who have taken a cut from every borrower in the country?Maybe I didn't explain myself properly with the handouts thing. I'm obviously in favour of helping people where they have no choice - unemployment, illness, helping ppl resolve issues, etc. I just meant I think it's more effective if they're a means to helping ppl back onto the ladder (and providing opportunities to help them reintegrate with society) rather than just handing out money, with no assistance to get ppl back on their feet, and no incentive to better their situation
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