I've been vocal about Labors budget and general economic policies- this is why. I grew up with the damage caused by them and saw what could be achieved with less tax, unions and supporting entrepreneurs- stark reading for those of the lucky country
Since you mentioned Lady Thatcher, @andyburnham, here's a reminder of what she achieved 👇🏼
• Top rate of income tax: 83% → 40%
• Basic rate: 33% → 25%
• Inflation: 21.9% peak (1980) → 2.4% (1986)
• Days lost to strikes: 29.5 million (1979) → 1.9 million (1990)
• Real take-home pay for the average earner: up by a third
• Right to Buy: over a million council tenants became homeowners
• Home ownership: 55% → 67%
• Individual shareholders: 3 million → 11 million — one in four adults
• Foreign holidays: roughly doubled
• Homes with a telephone: two-thirds → nearly nine in ten
• Pensioners' average incomes: up around 30% in real terms
• Infant mortality: down almost 40%
• Real GDP: up by almost a third
• GDP per head outgrew France, Germany and Italy in the 1980s
• Manufacturing productivity: slowest growth in the G7 in the 1970s → fastest in the 1980s
• Self-employed: 1.9 million → 3.5 million
• Nissan to Sunderland, Toyota to Derby, Honda to Swindon
• Britain became a net oil exporter
• London restored as the world's financial capital in 1986
• Budget surpluses three years running — Britain repaid debt, 1987–90
• National debt: 47% of GDP → 28%
• State spending: ~45% of GDP → ~39%
• The civil service: 732,000 → 565,000
• Corporation tax: 52% → 35%; the small firms' rate: 42% → 25%
• Personal tax allowances: up more than 25% in real terms
• Higher rates of income tax: nine → one
• Death duties: fourteen rates → one
• Exchange controls scrapped after 40 years
• 40+ nationalised businesses privatised — 600,000 employees moved to the private sector
• The 33 big state industries: took ~£500m from taxpayers in 1980 → paid £8.4bn to the Exchequer by 1987
• British Steel: world-record loss-maker (1980/81) → £733m profit (1989/90)
• BT, 1984: the largest share offer the world had ever seen
• "Tell Sid" broke the record again in 1986
• British Airways: nationalised loss-maker → profitable, private, "the world's favourite airline"
• The Channel Tunnel: launched — entirely privately financed
• The Falklands liberated in 74 days
• Backed Gorbachev early, stood with Reagan, and won the Cold War
• Three consecutive election victories and the longest-serving PM of the twentieth century ✌🏼🇬🇧
@NUFCcook Agree neither look anywhere near worth their price tag on the global stage. I thought we did great to get 70m for gordon - arsenal will likely come up with 80m for Bruno now though
Every single aspect of your life you're expected to continually produce more with less.
Unless you're in government.
While we talk about AI taking jobs, surely it's greatest application is in Government.
If Jim Chalmers is going to use ChtGPT to produce a budget why do we need 3000 people in treasury?
@AntonioMango4 England had been defending for 15 minutes before he made subs. Unfortunately it was a lack of leadership on and off the pitch. Players just couldn't cope with the magnitude of WC final.
@AntonioMango4 We saw this all last season at NUFC. Tuchel has to take some blame. But Harry Kane as captain should have been pressing up the pitch - not sitting back. The players bottled it and the coach panicked is my read.