The typical British management style also seems profiled for small growth, and doesn't cope well with today's pressures. I was keen on motor bikes in the 1960s and 1970s. Cheap Japanese bikes hit in the early 1960s, 2 and 4 strokes. They didn't handle well, but they kept going, didn't leak oil, and outperformed similar sized English machines. The English bikes did leak oil, often by design onto the chain. They leaked many other places as well.

Despite this existential threat to their survival, nothing was really done, no rethinks. Antiquated and seriously flawed designs continued. You could still break your leg from wrongly kick starting bigger single cylinder models. Flawed designs rolled off the production lines like an air-cooled vertical 3 cylinder triple, which always overheated the centre cylinder.

Most tellingly, a woman could dress neatly, electric start and drive somewhere on her japanese bike, and arrive neatly dressed. That was unthinkable on a British bike.

In fact an Indian company bought the designs and tooling as the British bike companies went under, improved the designs and has familiar names on the market. They even have classic Japanese designs.

You would pay the same tax if you have the same capital gain every year or only once in a lifetime.

Perhaps having a lifetime CGT allowance of £1M would encourage enterprise and work.

Interesting:

https://www.youtube.com/watch?v=djB9oK6pkbA



May I point out that if someone is unhappy with a job in a factory or warehouse somewhere, it is still less bad than anything else available. If the factory or warehouse did not exist, they would have an even worse job or none at all. Similarly with products and services.

If the UK was a rapidly growing economy then some people would be getting rich while others stayed the same in the short term and were slower to benefit. Poverty would decrease, yet inequality would increase.


By the way the turning point in the graph shown in the above video may be an illusion due to scaling.

We've always been impoverished and that's not the reason for it. You're essentially blaming a tiny minority of the less fortunate for the state the country is in.

The majority only "own" their homes and drive cars, through a lifetime of debt - where banks and lenders profit from high interest loans.

By the time you "own" the car, it's ready to be written off...

By the time you "own" your home, you're past retirement age - then you will need to sell it, rather than pass it onto your kids, as you'll likely need to the money from it to pay for your care home place...

All that life time of debt and who really gained from it?

And if you don't buy your home, you're in the hands of private landlord parasites, pouring hundreds of pounds per month away, to enrich someone else, so that they don't have to get a real job.

This has been the case since the Thatcher years. It's very simple: If you saddle the majority with debts, they cannot go on strike, they can't hope to bring down the government - and it's win, win for banks and lenders.

That's not true. Practically everyone is on strike right now: doctors, nurses, teachers, transport workers, the Passport Office, you name it! And they're all in debt right up to their earholes because everyone seems to be in debt right now except me.

... and me!

You call that strike action? The reason the rail strikes, for example, are only 1 or 2 days a month is to minimise financial impact on those going on strike... And that's why it has dragged out for so long and they have only hurt themselves. So it is true in fact.

And they're on strike because of low pay and soaring energy bills...

Ukraine is blamed, but the reality is that the public are being lied to, while fat cats are allowed to boost their profits to eye watering levels.

https://www.standard.co.uk/news/uk/b...-b1060728.html
https://www.bbc.co.uk/news/uk-64489147

The Tory government's response? Turn your heating down/off and freeze...

I think this is on the nail. https://www.bbc.co.uk/news/business-65240749.
Mind you,

The UK economy is stagnating because people anticipate that when the Labour government comes in they will reward their voters (i.e. people on benefits) with even more generous hand outs, and tax the hard-working and enterprising even more to pay for it. So it's not worth working, either as an employee or in business.

Should people be given houses and cars for free, or should nobody have any?

If you were Prime Minister and/or Chancellor, what would you do?

$stunned_silence

Guys, this is beginning to look dangerously political, and rehashing the Right vs Left arguments that you see in Conservative vs. Labour (UK) or Republican vs Democrat (US). There's only POVs, there's no definitive right or wrong.

I blame the BBC for firing the Top Gear guy.

I think I'd look at Pre-Reagan tax law versus current tax law for starters. Then I might just look at serious regulation on the Lobby System.

Note: Yes I realize this thread is about the UK but the trend is global, only specifics differ. "The rich get richer and the poor get poorer" has always been a force.

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When you have multi millionaires/billionaires running a Country they have no real idea/clue as to how things affect the poor, they can only guess, & guesswork doesn't pay the bills.....

It doesn't matter what the politics of the Government, they are too far removed from the true reality!