Magic Bullet for The Economy

The UK economy is broken

Business development

As a businessman with experience in both success and failure, I have become more and more disillusioned with the way our economy has become totally controlled by financial institutions.

Having survived the Thatcher years and probably employed hundreds of people over the years I know what it’s like trying to keep business afloat, taking out personal loans in order to pay PAYE and spending most of my time trying to conform with government regulations rather than getting on with the job.

Over the years I have seen many good start-ups fail simply because the desire to do what they loved took priority over keeping records and complying with statutory requirements.

Now retired and a full-time caregiver I can reflect on the successful and sometimes disastrous ventures that have shaped my life. As a forward thinker, who believes in a sustainable future, I cannot accept the status quo and feel a calling to at least try and encourage a change in government perception and build a society that can respect and trust our elected leaders.

Just imagine starting a business and being able to put all your energies into doing what inspires you without giving a second thought to bookkeeping, VAT returns, and PAYE. and all the other stuff that stops you from getting on with the job.

Of course, the government needs funding I accept that 100% but a large amount of what is collected is absorbed in complicated procedures with hundreds of different taxation protocols monitoring and policing systems.

A standard automated tax of <1% on bank deposits and cash withdrawals would produce more than enough to balance the books. The daily bank deposits now are £771,122,000,000. At 1% that would deliver more than seven billion pounds a day to the treasury and as a bonus from the date introduced, the whole of the previous year’s tax liabilities would have to be honoured, creating a surplus to cover the transition period whilst addressing government debt at the same time.

 We need a political party to take this on, a petition has been launched asking the government to carry out a feasibility study into the implementation of such a system but after the fiasco of the last two budgets, it is blatantly apparent how exposed we are to manipulation by the financial markets. It is going to take more than a petition.

We don’t only need a change of government we need to change the constitution. How can we call this a democracy when locally elected members of parliament can be ordered to vote for a resolution that may not be in the interest of their constituents? All MPs should be independent and declare allegiance to but not be controlled by whichever idealism they aspire to.

If we stick with this democracy, we need a party that can unite sincere politicians from all sides. The Brexit party has done its job but unfortunately could never win a General Election. The name Brexit triggers emotions on both sides of the argument, I was firmly a remainer and felt betrayed by the lies. Several other parties have sprung up, with well-intentioned honourable individuals believing they can make a difference unfortunately they will just make things worse, a few MPs from all the fringe parties will simply degrade the functioning of government.

Now we need a leader able to merge Brexit and reform and then persuade all the newcomers to join in under a new name. At that point, Disillusioned backbenchers from both sides of the house would be welcomed.

None of this can happen until the leaders of all the groups come together. I fully understand their frustrations, unfortunately, each group believes they have the best solutions.  whilst leading a small group in 1982 with the intention of forming the unity party, I too was totally focused, and arrogant in my belief that eventually, they would all come around to my way of thinking.

The common denominator facing every would-be leader is of course the economy, get that right and the funding for key ministerial objectives will be available.

First, let’s talk and agree on a common fiscal policy. Next agree on a name, all the existing terms are tarnished in one way or another, and it must be thought out carefully and represent the unity of all concerned. Finally, a leader may be possible to do this the other way round find a leader first who is respected enough to be able to bring them all together. Unfortunately, I can only think of Richard Branson as the only person to have earned that respect.

I am limited in what I can achieve alone unless we all stand together the Conservative/ Labour seesaw will continue to destroy our credibility in the world each time it rocks from side to side, at some point, it will break.

documents, videos and contact information are on my website.

Best regards 

Barry