Growth has stagnated in the UK as bank base rate falls and bond yields rise:
The world’s biggest bank is shunning British debt amid fears that Rachel Reeves has stoked inflation with record increases in the minimum wage and a £40bn tax raid…
Even if that would work are the regulators going to deregulate anything? They even asked government departments (civil servants) for ideas. Perhaps they should ask a few successful business people:
If I was in a position to invest a large sum of money, it wouldn’t be in the UK
Here in the US, a lot of laws and regs are written by corporate lobbyists, who are put in charge of administrative departments. With the electee promising to toss a lot of civil servants, and replace them with political hacks, I would expect future administrative department regs to be much more “pro-growth”, like getting rid of environmental, employee, and customer, protections.
And even more so the set of acquired specialized cultural habits and hidden economic dependencies acquired over three centuries of world wide imperial power and influence that continued even after the plantations, trading hubs, and mines were lost… Here is the BEST summary EVER explaining both the purpose of this investment Board as well as the potency of the British Imperium:
The USA needs to watch, learn, and try not to repeat.
Because whether it is crashing the pound to give tax cuts to the richest 1%; degrading public services because of a mess made by the banks; or the failure to invest in clean British energy that left us exposed when Putin invaded Ukraine – so much of what Britain has been through in the past 14 years is explained by a Conservative failure to face the future. Only Labour can turn the page.