You have to spend your way out of a recession, money needs to move, the US did this in the 1930’s with vast federal building projects, these gave people jobs and that money spread into the wider population.
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When Peace was in charge, Albion where in the top 4 who paid corporation tax more than the 2 manchester clubs, I think City had a rebate.
It's criminal the Amazons ,Google etc don't pay their share.
That trash store B and M took a load of money in covvid grants and paid themselves massive bonuses, one many
You have to spend your way out of a recession, money needs to move, the US did this in the 1930’s with vast federal building projects, these gave people jobs and that money spread into the wider population.
We should be borrowing money to build huge new nuclear power stations Dave along with vast new swathes of railway infrastructure and upgrading our road network and installing hundreds of thousands of electrical charging points.
We should also be offering the lowest possible Corporation Tax rate, especially to companies willing to relocate from the Eu or elsewhere to the U.K.
Business Rates should be scrapped altogether and a new charge brought in based on your business turnover, not on profit which can be manipulated but on turnover which has to be declared in your annual books.
Amazon and Google would be forced to pay not on their warehouse size but on how much business they invoice to U.K. customers.
I’m not the brightest by any means but could save this country billions and earn it many more billions if I was Chancellor.
I would no longer allow ANY Public Servant to order as much as a paper clip, I would set up an independent body made up from the top buyers within each industry and let them procure everything that public money is spent on.
The inefficiencies and wastage of public money each year runs into the multi billions, it’s an area that’s actually so easy to rectify.
Did you read how much PPE stuff bought during the pandemic that has no value and has to be burned because no one else would take it?
https://abcnews.go.com/Health/wireSt...-gear-85305122
I know it was short notice but this comes out of nobody having to take responsibility for clicking...."BUY"
I nearly wept when I read this.
Only the other day here.......I was wearing similar to a plastic bag as a PPE garment...plus visor and mask in a room Temp at 40'C.
Boils my blood at 40'C....
We're about to enter Stagflation, which is an absolute economic nightmare of high inflation, low growth. Low growth is traditionally combatted with low interest rates and high government spend. Inflation is usually tackled in the opposite way.
Trouble is, we also have high debt added to the mix making a perfect storm. Most top economists argue you should deal with the inflation first, which is Rishi's mantra....and probably correct. There are others who suggest you just ride it out, as it will all correct itself in line with the market, but we'll have the pain to get through in the meantime. The next trend should be a rise in unemployment...those 1 million vacancies will soon evaporate.