How to fix the U.k economy.

[BenStewart]

To save the NHS the first thing we need to look at is are economy. We no longer produce anything. 80% of are buisnesses are finance insurance. Making money dosen’t create value and this is where we’re miles behind.
We need to invest in engineering, AI , marketing through social media. These are all creating value. We as a country don’t anymore.

A bank isn’t a buisness it’s a pyramid scheme. They 10X leverage your money and devalue it by 10X.

We need someone with guts in power.
We no longer have leaders.

Rejoin the EU would be the first start

step 1 - vote the tories out. they have no economic credibility after Truss
step 2 - reverse brexit
step 3 - long hard slog to get investment back but it can happen.

Rejoining theEU would sort a lot of it.

We don’t produce anything anymore so rejoining wouldn’t fix anything.
We offer very little as a country.
we as a country need to be innovative and create buisnesses.
Create money that moves. We need to create debt.

Rejoin EU
Collapse massively inflated housing market
Regulate derivatives trading and speculation
Get boomers to pay a big chunk of their unearned wealth to fix NHS and social care system
Big programme of massive government-funded infrastructure projects
Huge investment in skills, education, training, excellent quality technical and vocational education and high-skill production
Reorganise current social programmes to provide Scandinavian-style social market economy

Totally easy - let’s get going!

We don’t produce anything anymore

Internet search this and prepare for your mind to be blown.

Well rejoin the EU isn’t going to happen- even if we could get our electorate on board, pretty sure they wouldn’t have us back.

• Vote the Tories out
• Have another Brexit referendum now that people can see the reality of it/the mess created and rejoin the EU
• renationalise water/gas/electricity and trains to end profiteering by private companies
• build more social housing ; tax second home owners into oblivion
• abolish TV licence.

Meaning let's stop having a society where only a tiny minority have a decent standard of living and where profit comes because everything else.

Out of interest, do other countries similar to us financially have the same amount of debt that we do?

Another vote for reversing Brexit here. It wouldn't solve all of our problems, of course, but it would certainly help!

And yes, get rid of the Tories, of course!

@Labraradabrador

''Well rejoin the EU isn’t going to happen- even if we could get our electorate on board, pretty sure they wouldn’t have us back. ''

I disagree. The EU knows full well the Leave campaign was based on a pack of lies and they can differentiate between Johnson and his equally corrupt cronies and the many decent people who don't want any part in Brexit.

Invest heavily in energy production. Make the UK a net exporter of energy. Make energy so cheap, that people want to setup shop here because it’s freely and easily accessible.

import uranium by the mass, setup all the processing and centrifuges you need, and build small modular reactors up and down the country. The creation of a high tech, high value, high employment industry that makes energy cheap and so a) makes heating affordable, b) lowers the price of other drivers of inflation like petrol and diesel, c) allows for the local generation of mass hydrogen facilities for the next wave of hydrogen cars that are clean like electric but refillable like ICE.

manufacturing could even be revived to some extent if energy were cheap enough. At the same time we’d propel massively toward net zero if we didn’t need gas or coal for power and we just used nuclear.

energy is one of the few things that runs through every single point of the economy- by lowering the price of energy dramatically you will unshackle the economy as a whole.

Get manufacturing back up and running.
Incentivise business to offer high quality vocational apprenticeships.
Have a whistleblowing website for every penny of wasted or irresponsible use of public funds.
Celebrate and invest in our cultural exports.
Save British farming.
Stop funding unnecessary shit like rainbow police cars and posters telling men to get their non-existent cervixes checked.

@Greenfairydust but what’s done is done. You’ve gone through the toxic breakup and divided equity/ set up child custody (Ireland). Are you really going to go back because he was going though some weird shit but now realises he would be better back with you?

the E U wants stability. Having made it to the end of this tortuous process, they just want to move on.

Coffee shops and estate agents. And hundreds of hairdressers and kebab shops that are surely money laundering.

We need to make things and have exports.

Also we could work on being a bit more self sufficient in food water energy.

Encourage manufacturing industries to use British materials, use British steel & components in things like cars, domestic appliances etc. If labour get in at the next election get started on Great British Energy, open solar farms, increase on & off shore wind, start to develop tidal & hydro generating, use British materials, Create jobs in the manufacture of parts, the building & operation of the new power stations. Get young people in at the ground floor of the national energy company, create jobs in all parts, proper apprenticeships, not get rid as soon as they finish the apprenticeships for more cheap labour. Bring back apprenticeships in the steel industry, things like forging are dying out, we build so much for aerospace, ships, defence, the rail industry that we will lose if we don't bring in more young people in to the industry. We need to bring back the manufacturing industry, things like cutlery, tools, engineering.

I've been thinking about this. The main thing and which will generate the quickest result is manufacturing and export.

We produce so little and import a lot more.

It's put us in a fragile place and threatens our security.

Instead we're being distracted by non issues. The media is helping the government distract us. Burying info and broadcasting irrelevance.

We need to make things and have exports

We do.

Where are you all getting this nonsense from?

The EU would take the UK back in a heartbeat, but we wouldn't get all the vetos, opt-outs, and special exemptions that we had before, and it would serve us bloody well right. They'd be totally justified in making us sit on the EU naughty step for a few decades as well.

No one has mentioned where the money comes from to put into the government’s coffers. It comes from taxation. So what we need is a thriving business sector (non manufacturing is a huge contributor to the economy) and lots of tax being collected. We cannot over tax and drive companies away so they don’t invest here.

As we, as a nation, are wedded to low prices, we have to import. Our wages are high when compared with China, for example. British farming voted for Brexit so now they compete with the world and made it more difficult to export to the EU. Stupid them I’m afraid. You don’t know what you had, until it’s gone. Supporting British farming means substantially higher prices or subsidies. Either way, we pay.

Companies like policies and tax that’s a known quantity. They don’t like surprises. If anyone thinks we don’t need banking and financial services to pay tax and earn revenue is economically illiterate. We need every sector to be strong. We have not manufactured much for decades! I do agree we need encouragement in newer industries but we now have the battery producer not getting off the ground and other manufacturers struggling to compete in a global market. We are actually great at R&D and intellectual skills. Making widgets, not so much.

British manufacturing doesn’t produce enough for firms to buy British. At what cost? Who would afford British steel? We come back to the issue that if you force high prices on buyers, their product isn’t sustainable at a sensible price. It’s always a balance.

I do think rhetoric needs to step back and people should understand economic reality a bit more. We also have low productivity in this country. We need to understand why and tackle that too. Plus the shortage of skilled staff which holds us back. So much to do!

It is interesting isn't it? We are the 5th/6th/7th (depending on recent figures) largest exporter in the world. Not bad for a supposed tinpot economy. Goods and services exports being about even.

• stop encouraging non-academic young folk to study at uni for worthless degrees
• investmentment in trades/ apprenticeships
• investment in technology skills - AI/ cyber security etc
• strip out paper-pushing middle management in public sector (I've seen this first hand - lots of useless people creating no value and just waiting ti out for their fat pensions...)
• public sector investment back into certain sectors (rail and road, energy etc)
• Stop funding unnecessary shit like rainbow police cars and posters telling men to get their non-existent cervixes checked - this x100. Too many minority interest and pointless programmes get handed wads of cash in police/ NHS/ councils etc!

Lots of people on here sure you know how to fix the problems. Are any of you pursuing a career in politics? Because the only way any of these will happen is if we have politicians who drive them. Or do you just think someone else will do it?

Get rid of inherited wealth.

I did in fact start pursuing a career in politics - stood as a parliamentary candidate for Labour about ten years ago. Trouble is that you need the time, financial support and local party support to keep doing so (it’s expected that you’ll stand as a candidate several times before you get selected for a winnable seat).

Sadly, children, the cost of rent and having to work harder and harder to afford basic living costs and childcare meant that I simply couldn’t manage to keep doing it. (Not to mention that local parties on the left are often populated by blokes who believe that you don’t deserve to be selected unless you’re out every day doorstepping — totally incompatible with having small children. Local politics is actually very sexist.)

Then you have the added insult of most of the main parties getting totally captured by believing men in dresses are women, and the most marginalised “community” ever — sod disabled people, the poor, young families, and so on!

I left mainstream politics when it became all about silly fantasies like Brexit and trans issues, rather than anything real and pressing about what’s needed to fix things today.