Here’s a simple way to plan for economic growth…
The UK is £3T in size.
For every 1% of growth, you need £30B of new value created.
To get new value you need businesses.
£30B is:
- 30,000 x £1M revenue businesses.
- 10,000 x £3.35M revenue businesses.
- 3000 x £10M revenue businesses.
Have a plan for all three. Support an existing 30,000 startups to hit £1M+.
Create incentives for 10,000 YouTubers, Agencies, Micro-SaaS companies doing £2M+ to relocate to the UK.
Work with global VCs and PE to bring in 3000 Mid Sized companies that are stuck at £10M-£50M.
Focus on revenue growth first and tax later.
Run the numbers this way and it looks even worse . UKGOV spends £19k per person . You need to earn £70k to pay that in tax. Only 8% of workers earn that .. around 2.5m make a net positive contribution
A welcoming present just out this morning for a Mr A Burnham to underline just how limited his latitude as PM will be:
The UK government borrowed £23.3 billion last month, 30 per cent or £5.4 billion higher than a year earlier.
It was also more than the £18.8 billion expected by most economists and the £17.7 billion forecast by the Office for Budget Responsibility, the UK’s independent fiscal watchdog.
The interest payable on government debt rose to £11.7 billion, the highest ever recorded in any May.
The 50 richest families own more wealth than 34 million people.
A handful have everything.
Millions are struggling.
End Rip Off Britain.
Wealth tax. Now.
Elon Musk is now a trillionaire.
A world of trillionaires is, simultaneously, one where the middle class collapses. Anyone informed on the issue knows as much, but few are willing to accept what that ultimately means - and where we end up.
https://t.co/euAk61TZ2w
What is it about the the bond markets that the Telegraph’s billionaire owners love so much?
We need a government which sets the terms, the people’s terms, and an elected plan, not the interests of the 1%.
Change is coming.
Whoever replaces Starmer will fail.
Just as the Conservatives failed.
You can’t build a country on low growth, low productivity, high tax, high welfare, high inflation and heavy regulations.
It’s basic math - you materially make the lives of the majority worse.
Reform, Greens, whoever else wants the gig - you will face the same.
Until someone defeats the managerial state, nothing will improve and we’ll have more PMs than Tottenham has managers.
“Britain needs fewer comforting lies and more hard edges. It needs less sentimentality about past policies and more honesty about the need for change”
https://t.co/7XhkqdjmTH
We never stop talking about the problems with UK housing. The discourse on X and in the MSM largely misses the point.
Until now.
Grab a stiff drink. You will need it when you read this one.