| Growing the Economy 18:22 - Jun 8 with 1563 views | johnlangy |
When talking about how the Government go about this people say there are only a few things they can do to achieve it. To make money available to improve the economy they can increase taxes, cut spending or borrow. One group of the usual suspects would argue they can't increase taxes, another group of them would say they can't cut spending and yet another group would say they can't borrow the money.
But part of the answer (quite a large part i'd say) will be the very boring subject of planning reform which they've already set in motion. If they do achieve what they've set out to achieve this could have an enormous effect.
Investment in infrastructure is always described as the best way of boosting an economy. Apparently the return to the economy is 3/4/5 (or more) times the cost of the project. But we all know what happens with infrastructure developments in this country. They take far too long and always go way over budget.
Take the Lower Thames Crossing. This was first proposed in 2009 and is now estimated to be open in 2032. So far £300 million has been spent just getting through the planning stages. And eventually the scheme is due to cost about £10 billion. So the benefit to the economy won't kick in till 23 years after the scheme was first put forward.
Imagine if planning reforms had been in place in 2009. Planning regulations have to be followed but how many times have we read about spurious legal actions holding up these projects. Remember the bat tunnel which held up HS2 and cost £100 million ?
Now imagine that ten years was cut off the planning timescale. That would still have left six years for the planning stage which would appear to be perfectly reasonable. So the tunnel would have been completed in 2022.
Not only would the £10 billion cost be substantially reduced the economy would start benefiting from the uplift ten years early.
The savings and the benefit to the economy would be many, many billions.
I'm sure you're all desperate to discuss such an exciting subject .  |  | | |  |
| Growing the Economy on 11:10 - Jun 10 with 384 views | Whiterockin |
| Growing the Economy on 11:01 - Jun 10 by JACKMANANDBOY |
Most people work in SMEs who are getting hit hard by increased tax, business rates, minimum wage increases and tightening of employment law all at the same time. Unemployment is up and vacancies down again this month, the government have set parameters around how much you pay people and how many you employ before you pay more NI. Companies will contract to fit the parameters. |
Don't waste your time mate, logical thinking doesn't work for him. Much the same as the Labour Government who are realising that their policies will not work and are causing bigger issues. |  | | |
| Growing the Economy on 11:20 - Jun 10 with 353 views | JACKMANANDBOY |
| Growing the Economy on 11:10 - Jun 10 by Whiterockin |
Don't waste your time mate, logical thinking doesn't work for him. Much the same as the Labour Government who are realising that their policies will not work and are causing bigger issues. |
Fair point, advice accepted. |  |
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| Growing the Economy on 11:33 - Jun 10 with 322 views | controversial_jack |
| Growing the Economy on 11:01 - Jun 10 by JACKMANANDBOY |
Most people work in SMEs who are getting hit hard by increased tax, business rates, minimum wage increases and tightening of employment law all at the same time. Unemployment is up and vacancies down again this month, the government have set parameters around how much you pay people and how many you employ before you pay more NI. Companies will contract to fit the parameters. |
They said that about the introduction of the min wage. Guess what, it didn't happen | | | |
| Growing the Economy on 11:54 - Jun 10 with 295 views | trampie |
| Growing the Economy on 10:32 - Jun 10 by controversial_jack |
Tight for employers? Big companies and corps are making record profits.
Should i as a worker pay more NI or my employer? A no brainer really |
Yip |  |
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| Growing the Economy on 13:28 - Jun 10 with 236 views | controversial_jack |
It's too early to tell as it's only been implemented since April 5th, and there's no evidence it's because of an increased NI contribution | | | |
| Growing the Economy on 09:54 - Jun 12 with 118 views | felixstowe_jack |
| Growing the Economy on 13:28 - Jun 10 by controversial_jack |
It's too early to tell as it's only been implemented since April 5th, and there's no evidence it's because of an increased NI contribution |
Oh dear our economy shrank by 0.3% in April. All the business sectors warned Rachel her £30 billion tax raid on business would hit the economy and growth and lead to job losses.
The only sector that grew was construction helped by the very Sunny April. | |
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