I don't think I need to go into the concept of corporate welfare, and how the benefits system subsidizes business. And in the UK that usually means private business. I think we all know about that.
This is very close to something I posted on a "small boats" thread. I was responding to a poster who claimed, " The conservatives do not want it stopped because cheap labour", and " Labour do not want it stopped because they want people who vote for freebies". I paraphrase. I say that just in case that poster is also on this thread.
I responded along the lines of, if UK business needs cheap labour , then surely the Reform policies of no immigration etc will push costs up for business, and business will leave. (That combines very well with corporate welfare. The two things are joined at the hip).
The reply to that was basically "business will create the wealth".
So yes. Reform economic policy, as limited as it is (in terms of what they have published), is pure trickledown economics. Therefore, because Reform are promoting trickle down as their economic model, I think it is totally fair to say that anyone defending/ promoting reform, are also promoting trickledown.
The same way, that If I was a labour voter, it is fair to say that I am in favour of a mixed model with more state ownership. That is, Democratic socialism.
Quote " It is offensive that we live in one of the richest countries in the world, and yet people can work full time but still need state support to survive.".
Hard agree, and I want to add observations from the private sector. When a UK factory shuts down and production is moved out, costs go down, but those reductions are near never passed onto the consumer. Those savings go to the shareholders. ( Yes, I know about cheap imports driving costs down).
As a personal observation, I have worked on some projects where big supermarkets are involved. And they are absolutely ruthless on cost. And they are not like this for the consumer, it is for the shareholder. If you are making something and selling it to a big supermarket for $5.05, and we say that supermarket is selling it to the consumer for $15, then that supermarket will want that 5C knocked off. Then more, and more. The consumer however, is still paying $15. The reduction is for the shareholder. Then once they get their 5C, then they want 10C, then another 3C. This continually puts massive downwards pressure on wages for the worker. And even in low cost places, Government need to step in to set/increase minimum wage.
And what do the supermarket buyers so ? They just go somewhere cheaper.
It is a terrible system as it is, for the worker and consumer. AND REFORM WANT TO MAKE IT WORSE.
Hey, I might need to dust my red flag off. Pop it in my pen holder that sits on my desk :-)
Note- I use $ and not GBP because laptop has US keyboard.