With Trump trashing the worlds economic order the people of Britain will have to make decisions. Maintain public services and pay more tax, or lose them for ever! Yes it is that simple!
What Starmer must not do is stop investing for the future, Net Zero will pay dividends in the future with energy costs, environmental subsidies for farms is a no brainer, but then the welfare bill! I personally would raise the minimum wage to make it worth working. My local shop pays the minimum wage but the owners could pay more without harming the business. They also find it hard to recruit – so higher wages would benefit all. Companies like the supermarkets might lose some profits or could pay lower dividends or directors wages and bonus’s.
The papers bang on about the unfeasibility of a wealth tax. Maybe a tax on those earning millions would just result in tax evasion and avoidance. However increasing the tax on those earning over £200000 would be hardr to avoid and would raise much more.- however with higher taxes there should be a tax break for environmental innovations. And now seems to be a good time to take back control of Water Companies. Stock market valuations are low whilst customers payments are at record highs. and an innovative nationalisation – all customers will become shareholders in a way like John Lewis? Incentives to become water friendly and become a more social society. Energy could be the same.