Creating Wealth?

Standards of living in the UK have been flat for a number of years, and we are falling behind the United States.

You can access money by borrowing, but we have run out of road on that front.

So what we need is the creation of new wealth – the monet with which to do good things.

The ‘Left’ do not seem to be interested in wealth creation. It’s as if being successful in financial terms is not a good thing. They live the politics of envy. Along with dis-interest – they seem to think that all you need to do is to ‘tax the rich’ and thereby fund their ‘tax and spend’ thinking.

The ‘very rich’ may or may not be a legitimate target – but generally they are potentialy quite mobile, If things continue as they are, they will go and live abroad, either permanently or until a better government gets elected here.

The ‘Left’ seem to think that you can just increase taxes on businesses and employers without consequnce. The actual result is lack of growth – who would invest in the UK at present – the business environment is extremely tough and unfriendly.

We ahve had the consequences of Brixit, Covid, increasedfood costs due to the Ukraine war, and now the government assualt on business – national insurance costs, minimum wage costs, and they are complicit in utility cost increases (Mad Ed Millibrand and his ideas on net zero for example).

We need to change the attitude to business – probably the only real answer is a Conservative governmnet if they can sort themselves out.

Each sector needs support. And the creation of an environemnt in which people like the idea of investing in business.

Take agriculture. we need to facilitate the simple ‘growing of things’. It may be nice to think about conservation – heges, ditches, bird and insects – but we need success in teh middle of each field. So cut the nonsense bureaucracy. Scale back animal welfare (sadly). LIkewise don’t ban effective weedkillers and insecticides. Or do you want to starve when World War 3 happpens.

Take cars. Why kill the petrol car industry in this country? Other countries are slipping the deadlines. And many people don’t want electric cars (for example, you can’t home charge them if you live in a terraced house or flat).

Take hospitality. And the High Streets. Cut business rates. Reduce VAT. Remove city centre car parking fees. Give them a chance to survive and even grow.

Take technology. We need to grow our ‘high tech’ sectors. The link between universities and research is crucial. So why are we allowing so many Chinses students to study here, learn our secrets, and take them back to China?

We need to recover our manufacturing base. We need steel, shipbuilding, marine engineering, tool making. We need to train people. We should have a strategy of identifying a minimum level of home production for strategic, defence linked, purposes.

Globalisation hollowed out our capacity to be independant. Should there be a war we need a degree of self sufficiency. However those new areas of production need highly skilled managers, and both freedom but also, if they are guaranteed work, very close scrutiny of efficieny, productity, profit margins.

Without wealth creation we will never increase our standard of living. Nor can we do good things with some of that new wealth.

It’s time this was recognised, and action taken