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How to recover economically from covid
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I was just wondering if anyone out there has any thought through solutions as to how we as a country can get ourselves out of this mess ???
And is it possible to have a debate without any falling out or bad mouthing as the last thing we all need now is more division.
There are many different issues to discuss such as
Controlling the spread
Saving the economy and saving jobs
Bolstering the NHS
Investment and spending
And any thoughts of future trade deals without mentioning Brexit.
Let's talk without causing a shit storm please folks |
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Targeted investment, especially outside of London, with green projects especially focused on. This will boost needed employment and help to regenerate deprived areas
I'd scrap HS2, ss the benefits appear minimal.
Reinvest in the NHS and education.
Negotiate with the EU for a later end to the transitional period. Ensure a reassessment proves the viability of leaving, in the current projected climate. Guaranteed there will not be a no deal exit, as it's the most costly and likely damaging. |
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"Same as after a war, borrow and build."
This..
Op, good thread but to try and exclude brexit which is still the biggest issue facing this country for decades seems a bit like asking about grand national winners and excluding red rum.. |
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We borrowed and built lots after WW2, the US did a similar thing after the great depression
Our national debt/GDP ratio fell during the 1950s due to the economic growth that resulted
If you spent the money domestically on things that will have long lasting benefits - houses / infrastructure etc - it’ll make a huge difference |
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By (user no longer on site)
over a year ago
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In for a penny, in for a billion more...
Update our NHS, education and policing (get the professionals back in) and support the mass training of.
Definitely improve the infrastructure.
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"We borrowed and built lots after WW2, the US did a similar thing after the great depression
Our national debt/GDP ratio fell during the 1950s due to the economic growth that resulted
If you spent the money domestically on things that will have long lasting benefits - houses / infrastructure etc - it’ll make a huge difference "
??
Some good points and yes I did say not to mention the B word although there is a valid point there but let's try and avoid any more reference as it's just creates divisions and we need more than ever to unite in order to get out of this mess.
Please keep the ideas coming thanks |
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"Borrow and borrow some more, it's how it's always been globally so "
Yes but borrow for what ?
How would invest the money we borrow?
Please don't anyone say they'd invest in caravans or caravan parks?? |
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By (user no longer on site)
over a year ago
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It’s a complicated question that probably none of us are qualified to answer. I think there’s a lot of huge opportunities in the areas of technology and medical science. Personally I’m very proud of the UK’s standing in development of vaccines and discovery of treatments. I hope we can continue.
We’re definitely going to have to modernise our infrastructure after all of this - as it’s highlighted a lot of ways we can improve everything from the ways we work, to the hospitality industries and even transport and healthcare. There’s tons of potential to innovate there - and then sell that to the world. At the least it’ll keep us all in work - at best it could make us world leaders again.
Most importantly - we need to strengthen ties with the commonwealth, and also invest heavily in Asia and Africa. Though I fear we’re probably too late for Asia, since they’re a much more modernised than us now. |
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"Targeted investment, especially outside of London, with green projects especially focused on. This will boost needed employment and help to regenerate deprived areas
I'd scrap HS2, ss the benefits appear minimal.
Reinvest in the NHS and education.
Negotiate with the EU for a later end to the transitional period. Ensure a reassessment proves the viability of leaving, in the current projected climate. Guaranteed there will not be a no deal exit, as it's the most costly and likely damaging. "
Far too.much common sense in that post. |
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"It’s a complicated question that probably none of us are qualified to answer. I think there’s a lot of huge opportunities in the areas of technology and medical science. Personally I’m very proud of the UK’s standing in development of vaccines and discovery of treatments. I hope we can continue.
We’re definitely going to have to modernise our infrastructure after all of this - as it’s highlighted a lot of ways we can improve everything from the ways we work, to the hospitality industries and even transport and healthcare. There’s tons of potential to innovate there - and then sell that to the world. At the least it’ll keep us all in work - at best it could make us world leaders again.
Most importantly - we need to strengthen ties with the commonwealth, and also invest heavily in Asia and Africa. Though I fear we’re probably too late for Asia, since they’re a much more modernised than us now."
That's more like it a bit of forward thinking and we need to look at ways of moving forward  |
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I think the NHS is going to change 1 way or another when all this is over.
Personally I've said this before,I'd have a look at Germany and see what they are doing right.They always seem to have a robust economy but they have a solid manufacturing base.
I'd look at hs2 and trident..we could save millions there.
I'd also not rely too much on the wheelers and dealers in the city (the wealth creaters)they are treated as gods in this country when the last few months have shown us where the real foundations of society lie |
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"I think the NHS is going to change 1 way or another when all this is over.
Personally I've said this before,I'd have a look at Germany and see what they are doing right.They always seem to have a robust economy but they have a solid manufacturing base.
I'd look at hs2 and trident..we could save millions there.
I'd also not rely too much on the wheelers and dealers in the city (the wealth creaters)they are treated as gods in this country when the last few months have shown us where the real foundations of society lie"
Again a good reply, at this rate of good thinking we might be able to put a good case forward to Boris ?? |
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By (user no longer on site)
over a year ago
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"I think the NHS is going to change 1 way or another when all this is over.
Personally I've said this before,I'd have a look at Germany and see what they are doing right.They always seem to have a robust economy but they have a solid manufacturing base.
I'd look at hs2 and trident..we could save millions there.
I'd also not rely too much on the wheelers and dealers in the city (the wealth creaters)they are treated as gods in this country when the last few months have shown us where the real foundations of society lie"
As soon as you mentioned “wheelers and dealers”, and hs2 only saving millions (it’s billions) then it’s hard to take any recommendations seriously. And I don’t mean any offence but we have to talk facts not emotions if we want to help the country.
The financial services industry in the U.K. is outstanding. Despite the cool trendy ideology that we should hate them. It’s heavily regulated and admired by the world. I’ve worked in and out of that industry for 8 years now and I learned a lot, met some amazing people and was able to shoot right up the ladder in all aspects of life due to that industry.
Citizens of the U.K. should embrace the financial services industry more, because believe it or not the majority of them are good people and good businesses who care. If you get a job in that you’re set for life and it’s expanding continually - it should be (and pretty much is) the bed rock of our country |
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"I think the NHS is going to change 1 way or another when all this is over.
Personally I've said this before,I'd have a look at Germany and see what they are doing right.They always seem to have a robust economy but they have a solid manufacturing base.
I'd look at hs2 and trident..we could save millions there.
I'd also not rely too much on the wheelers and dealers in the city (the wealth creaters)they are treated as gods in this country when the last few months have shown us where the real foundations of society lie
As soon as you mentioned “wheelers and dealers”, and hs2 only saving millions (it’s billions) then it’s hard to take any recommendations seriously. And I don’t mean any offence but we have to talk facts not emotions if we want to help the country.
The financial services industry in the U.K. is outstanding. Despite the cool trendy ideology that we should hate them. It’s heavily regulated and admired by the world. I’ve worked in and out of that industry for 8 years now and I learned a lot, met some amazing people and was able to shoot right up the ladder in all aspects of life due to that industry.
Citizens of the U.K. should embrace the financial services industry more, because believe it or not the majority of them are good people and good businesses who care. If you get a job in that you’re set for life and it’s expanding continually - it should be (and pretty much is) the bed rock of our country "
So they take no responsibility for the crash in 08?
You genuinely think having the health of the economy in the hands of this 1 strata of society is a good thing?
Do you not think we should have some sort of manufacturing base?
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By *Wman15Man
over a year ago
Altrincham |
Worth bearing in mind that the UK is still the world's 9th largest manufacturer
Yes - most of us would like this sector to be bigger, but some seem to think that it has disappeared altogether |
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"Worth bearing in mind that the UK is still the world's 9th largest manufacturer
Yes - most of us would like this sector to be bigger, but some seem to think that it has disappeared altogether"
Its certainly not what it was. And we saw the issues that caused in the last few months.
Maybe if the gmnt could stimulus that area as we do seem to have developed into a service led economy |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Same as after a war, borrow and build.
I'm all for that but does that mean continuing to build HS2 at a projected cost of over a 100billion or do we stop and use the money to on other projects ?"
Need to build different things , medical capacity and social distancing systems to future-proof further attacks would be high on my list, as would 21st century digital skills and attitudes. Roads, bridges, trains and planes are the easy bit |
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By *Wman15Man
over a year ago
Altrincham |
"Worth bearing in mind that the UK is still the world's 9th largest manufacturer
Yes - most of us would like this sector to be bigger, but some seem to think that it has disappeared altogether
Its certainly not what it was. And we saw the issues that caused in the last few months.
Maybe if the gmnt could stimulus that area as we do seem to have developed into a service led economy "
Indeed not but much has been due to the industrialisation on countries like South Korea and, more recently, China and India
Typically as economies mature the balance shifts from agriculture to manufacturing and then to service led |
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"Worth bearing in mind that the UK is still the world's 9th largest manufacturer
Yes - most of us would like this sector to be bigger, but some seem to think that it has disappeared altogether
Its certainly not what it was. And we saw the issues that caused in the last few months.
Maybe if the gmnt could stimulus that area as we do seem to have developed into a service led economy
Indeed not but much has been due to the industrialisation on countries like South Korea and, more recently, China and India
Typically as economies mature the balance shifts from agriculture to manufacturing and then to service led"
Dont the germans have a big manufacturing base? |
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Please let's not turn this into more division,,there is a point on having a good financial services sector and yes it is envied by some but we can't solely rely on that, we need more manufacturing here instead of relying on cheap imports.
We need to strengthen our research and development in all sectors and invest for the next generations. |
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"Same as after a war, borrow and build.
I'm all for that but does that mean continuing to build HS2 at a projected cost of over a 100billion or do we stop and use the money to on other projects ?
Need to build different things , medical capacity and social distancing systems to future-proof further attacks would be high on my list, as would 21st century digital skills and attitudes. Roads, bridges, trains and planes are the easy bit"
Another good point |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Please let's not turn this into more division,,there is a point on having a good financial services sector and yes it is envied by some but we can't solely rely on that, we need more manufacturing here instead of relying on cheap imports.
We need to strengthen our research and development in all sectors and invest for the next generations."
But we are rubbish at manufacturing compared to other countries, that’s why it all went offshore. We have bad productivity, high labour costs , no investment in manufacturing technologies and poor manufacturing R&D. We retained style design and planning in fashion and retail which we do well at
Why not focus on what we’re good at - design, finance, IT services instead of what we’re rubbish at ? In a global economy you can’t be crap at something and still expect to compete |
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By *Wman15Man
over a year ago
Altrincham |
"Worth bearing in mind that the UK is still the world's 9th largest manufacturer
Yes - most of us would like this sector to be bigger, but some seem to think that it has disappeared altogether
Its certainly not what it was. And we saw the issues that caused in the last few months.
Maybe if the gmnt could stimulus that area as we do seem to have developed into a service led economy
Indeed not but much has been due to the industrialisation on countries like South Korea and, more recently, China and India
Typically as economies mature the balance shifts from agriculture to manufacturing and then to service led
Dont the germans have a big manufacturing base?"
Yes - in 2018 their manufacturing base contributed 20% of GDP compared to our 17% |
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"Please let's not turn this into more division,,there is a point on having a good financial services sector and yes it is envied by some but we can't solely rely on that, we need more manufacturing here instead of relying on cheap imports.
We need to strengthen our research and development in all sectors and invest for the next generations.
But we are rubbish at manufacturing compared to other countries, that’s why it all went offshore. We have bad productivity, high labour costs , no investment in manufacturing technologies and poor manufacturing R&D. We retained style design and planning in fashion and retail which we do well at
Why not focus on what we’re good at - design, finance, IT services instead of what we’re rubbish at ? In a global economy you can’t be crap at something and still expect to compete"
I agree but not everyone wants too or can work in those sectors, yes bolster them but improve and innovate in some of the sectors we have proformed badly in in the past. |
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By *Wman15Man
over a year ago
Altrincham |
But we do have to adapt and change. We cannot simply do what we've always done
Look at the coal mining industry - that disappeared because ultimately deep mined coal in the UK was uneconomic. And, of course, demand has collapsed here as power generation switches to other more sustainable technologies
The Industrial Revolution was all about enormous changes to how we lived and worked, and the changes in products and production methodologies |
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"But we do have to adapt and change. We cannot simply do what we've always done
Look at the coal mining industry - that disappeared because ultimately deep mined coal in the UK was uneconomic. And, of course, demand has collapsed here as power generation switches to other more sustainable technologies
The Industrial Revolution was all about enormous changes to how we lived and worked, and the changes in products and production methodologies"
Maybe we need some radical change?
It's hard not to discuss it without the b word because we simply dont know what the effect is going to be
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By *mmabluTV/TS
over a year ago
upton wirral |
The biggest problems that will hold back recovery are
1 Coming out of lockdown to soon
2 The unions and I wonder if Boris is tough enough to deal with them.
To bring about economic change is not easy the last PM to do this successfully was Thatcher.
She was hard and ruthless but it worked,she is hated by many for it but she made this country a power again and we need a tough leader.Not sure we have one of those. |
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Back on planet earth..a progressive gmnt would look at sctucural inequalities like poverty etc
Too many kids grow up knowing they have no future..widen the opportunities for kids..give them a future.
You may not see the benefits in 5 mins but if you want to better our society..better opportunities are the way forward. |
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By *arksxMan
over a year ago
Leicester / London |
Are you looking for an answer to your question
https://www.youtube.com/watch?v=oeWFruYa600
Because the last 3 Chancellors make it pretty obvious the major steps any government will do.
As for speculation... I'd expect changes to the the triple lock pensions
Major changes to n.i classification
And probably some kind of wealth tax.
The governments recent round of gilts where over subscribed but they ditched an auction pre covid because bond markets wherent interested in borris shit.
Now its all about safe heavens.
I dont think spending for the sake of spending is the right choice all though the government will probably be chucking mud at the wall for a while seeing what sticks
As a really radical idea... I'd like to see the introduction of universal basic income and benefits being scrapped. |
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By *arksxMan
over a year ago
Leicester / London |
"The biggest problems that will hold back recovery are
1 Coming out of lockdown to soon
2 The unions and I wonder if Boris is tough enough to deal with them.
To bring about economic change is not easy the last PM to do this successfully was Thatcher.
She was hard and ruthless but it worked,she is hated by many for it but she made this country a power again and we need a tough leader.Not sure we have one of those."
Economic change?
Blair/browns New Labour enters the chat |
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"The biggest problems that will hold back recovery are
1 Coming out of lockdown to soon
2 The unions and I wonder if Boris is tough enough to deal with them.
To bring about economic change is not easy the last PM to do this successfully was Thatcher.
She was hard and ruthless but it worked,she is hated by many for it but she made this country a power again and we need a tough leader.Not sure we have one of those.
Economic change?
Blair/browns New Labour enters the chat"
Not getting drawn into this but i'd say throwing 3m people on the scraphreap was quite a big change tbh
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For me a few of the biggest things recent events have highlighted are ;
1)how ill informed we as a nation are
2)how divided we as a nation are
3)how selfish we as a nation are
4)how little we manufacture and how much we depend on other nations
5)the myth of how good we are has been exposed.
We need professional managers who can manage, quality workers who can work, a clarity of purpose and a massive injection of pride and togetherness.
Not an overnight job by any means but get the foundations right first.
The thought of our already overstretched infrastructure and over crowded country accommodating another 3m from Hong Kong is challenging to say the least. |
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"For me a few of the biggest things recent events have highlighted are ;
1)how ill informed we as a nation are
2)how divided we as a nation are
3)how selfish we as a nation are
4)how little we manufacture and how much we depend on other nations
5)the myth of how good we are has been exposed.
We need professional managers who can manage, quality workers who can work, a clarity of purpose and a massive injection of pride and togetherness.
Not an overnight job by any means but get the foundations right first.
The thought of our already overstretched infrastructure and over crowded country accommodating another 3m from Hong Kong is challenging to say the least. "
I think the top 5 points are spot on. |
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By *oAnCouple
over a year ago
Streatham |
After WW2 the US lent money to a few nations to rebuild but let's look at Britain and Germany. So Britain tried to regain its prewar dominance by rebuilding its navy. France rebuilt factories and Germany was told by the allies what to do and forced rationing and price controls on most things like Britain had after WW2.
So on a Sunday when all the allies had a day off Germany abolished all price controls and as they did not have a centralized government basically each town could fend for itself and make it's own decisions and plans for their own small communities.
Now most of the people are so used to government making plans and controlling lives that in truth nobody has the stomach to build a life without the safety net of government.
In truth to get out of this mess you need less government, no central planning, fewer rules and free market will sort itself out but that would mean paying a lot more and nobody will be prepared for the sacrifice that this will take so the ball will be kicked down the road again.
https://www.thealeppoproject.com/how-did-germany-rebuild-after-world-war-ii/
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"After WW2 the US lent money to a few nations to rebuild but let's look at Britain and Germany. So Britain tried to regain its prewar dominance by rebuilding its navy. France rebuilt factories and Germany was told by the allies what to do and forced rationing and price controls on most things like Britain had after WW2.
So on a Sunday when all the allies had a day off Germany abolished all price controls and as they did not have a centralized government basically each town could fend for itself and make it's own decisions and plans for their own small communities.
Now most of the people are so used to government making plans and controlling lives that in truth nobody has the stomach to build a life without the safety net of government.
In truth to get out of this mess you need less government, no central planning, fewer rules and free market will sort itself out but that would mean paying a lot more and nobody will be prepared for the sacrifice that this will take so the ball will be kicked down the road again.
https://www.thealeppoproject.com/how-did-germany-rebuild-after-world-war-ii/
"
Relying on the market is why we are in the state we are now.Trickle down economics just means the rich get richer and the poor get poorer.
The gmnt have a vital role to play..not least supplying a safety net for those in need.
Oh and we built the NHS post 1945 . |
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By (user no longer on site)
over a year ago
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"For me a few of the biggest things recent events have highlighted are ;
1)how ill informed we as a nation are
2)how divided we as a nation are
3)how selfish we as a nation are
4)how little we manufacture and how much we depend on other nations
5)the myth of how good we are has been exposed.
We need professional managers who can manage, quality workers who can work, a clarity of purpose and a massive injection of pride and togetherness.
Not an overnight job by any means but get the foundations right first.
The thought of our already overstretched infrastructure and over crowded country accommodating another 3m from Hong Kong is challenging to say the least. "
People coming from Hong Kong will be an asset to the U.K. amazing people and an amazing culture that is so closely intertwined with our own history.
I doubt 3million (or even 1 million) will come to settle here though. |
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"It will be hard to recover and as well now with brexit as it looks like there wont be a deal with the eu."
There's never going to be a deal with the EU, they wouldn't do it when we were part of the gang, they sure as sxxt won't do it now we are out. |
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"It will be hard to recover and as well now with brexit as it looks like there wont be a deal with the eu.
There's never going to be a deal with the EU, they wouldn't do it when we were part of the gang, they sure as sxxt won't do it now we are out. "
Without getting bogged down in Brexit if we leave without a deal it will be our fault.No one else's. |
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"It will be hard to recover and as well now with brexit as it looks like there wont be a deal with the eu.
There's never going to be a deal with the EU, they wouldn't do it when we were part of the gang, they sure as sxxt won't do it now we are out. "
We had a great deal when we were part of the gang. Well, it was a great deal for the public but the elite wanted to make more money so they spread fake news and conned the gullible... |
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"Same as after a war, borrow and build.
I'm all for that but does that mean continuing to build HS2 at a projected cost of over a 100billion or do we stop and use the money to on other projects ?"
The problem with these big projects is that they have cancellation penalties, often as much as 80% of the total. Otherwise the companies who have the contacts would go bust if a project was cancelled. There is a lot of work done and supplies bought a long time before any building starts.
Cal |
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We need to manufacture more of what we consume
That possibly means investment in innovation and automation.
We bring in foreign fruit pickers, there's an opportunity.
We probably import almost everything with wheels. Electric cars there's an opportunity.
We need a 5g network and we aim to have some of the brightest people in the world yet we look to china
We need new nuclear power stations to charge all the electric cars we are going to be driving yet we look to France and China
To succeed after brexit we need to make an effort to invest in ourselves, education, innovation, lower taxation and sell our products not our ideas.
Given that the EU will strip london of much of it's financial clout that needs to be replaced.
No idea really, that's why we pay politicians, trouble is, they all seem as clueless as I am which is quite disturbing.
Mabye give Sir Alan Sugar and his team a go ..
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By (user no longer on site)
over a year ago
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"It will be hard to recover and as well now with brexit as it looks like there wont be a deal with the eu.
There's never going to be a deal with the EU, they wouldn't do it when we were part of the gang, they sure as sxxt won't do it now we are out.
Without getting bogged down in Brexit if we leave without a deal it will be our fault.No one else's."
That is right and there will be higher tariffs and it seems you have to have a visa to enter the eu as well. |
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Some interesting views and valid points but I keep hearing the B word so can we rule it out otherwise it becomes yet another divided Brexit thread and an even harder challenge albeit virtually impossible but can we leave politics out of it please and focus on possible solutions without showing alligence to any political party because then it just gets heated. Thanks |
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By *estivalMan
over a year ago
borehamwood |
"Some interesting views and valid points but I keep hearing the B word so can we rule it out otherwise it becomes yet another divided Brexit thread and an even harder challenge albeit virtually impossible but can we leave politics out of it please and focus on possible solutions without showing alligence to any political party because then it just gets heated. Thanks"
you may aswell bang your head against a brick wall as soon as the b word enters a thread on here peeps on both sides start losing there shit. sad really |
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"Some interesting views and valid points but I keep hearing the B word so can we rule it out otherwise it becomes yet another divided Brexit thread and an even harder challenge albeit virtually impossible but can we leave politics out of it please and focus on possible solutions without showing alligence to any political party because then it just gets heated. Thanks"
How can brexit possiblity be kept out of any discussion on recovery when the recovery is going to be happening in conjunction with brexit or is there a magic wand that can fix the economy before December  |
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"Some interesting views and valid points but I keep hearing the B word so can we rule it out otherwise it becomes yet another divided Brexit thread and an even harder challenge albeit virtually impossible but can we leave politics out of it please and focus on possible solutions without showing alligence to any political party because then it just gets heated. Thanks
How can brexit possiblity be kept out of any discussion on recovery when the recovery is going to be happening in conjunction with brexit or is there a magic wand that can fix the economy before December "
Yeah I dont get that. |
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Stop big companies dodging tax. We would save billions. Amazon, Starbucks, boots, and many many more.
Scrap hs2. Pointless waste of money. Imagine how much tickets would cost considering the train ticket costs at the moment.
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By *mmabluTV/TS
over a year ago
upton wirral |
"Back on planet earth..a progressive gmnt would look at sctucural inequalities like poverty etc
Too many kids grow up knowing they have no future..widen the opportunities for kids..give them a future.
You may not see the benefits in 5 mins but if you want to better our society..better opportunities are the way forward."
Hate to dampen your idealism but there is no such thing as equality as people are not equal.It has and allways has been survival of the fittest.
That is a fact of life we are animals nothing more.This will never change |
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By (user no longer on site)
over a year ago
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I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal. |
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"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal. "
So what do we export then ? |
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By (user no longer on site)
over a year ago
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"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?"
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in. |
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"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in. "
So how do we get money to buy imports |
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By (user no longer on site)
over a year ago
|
"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports"
Go ask the companies that, they all have their own way of doing business. I've bought 40 foot containers of goods in from abroad. If I bought the same goods here on my doorstep, I would have to sell it at atleast three times the price to make any sort of profit. |
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Sustainable recovery desperately needed.
Less than 3 years til the 2? Max co2 limit is hit...then it'll be drought, famine, disease & weather disasters.
Today economy model won't be relevant, might as well set up as we mean to go on.
Treat it as a global reset button....but money rules these days so fat chance of that happening.
BTW microplatics are being found in soil & veg crops...yummy plastic for dinner. |
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By *arksxMan
over a year ago
Leicester / London |
"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports"
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity |
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By (user no longer on site)
over a year ago
|
"Some interesting views and valid points but I keep hearing the B word so can we rule it out otherwise it becomes yet another divided Brexit thread and an even harder challenge albeit virtually impossible but can we leave politics out of it please and focus on possible solutions without showing alligence to any political party because then it just gets heated. Thanks
How can brexit possiblity be kept out of any discussion on recovery when the recovery is going to be happening in conjunction with brexit or is there a magic wand that can fix the economy before December
Yeah I dont get that."
Yes. I wondered the same too, covid and brexit goes hand in hand as both will effect the economy. |
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"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity"
Great ideas, isn't designing a 5g network something we should be good at ?
Fact is China and many other countries no longer need our services.
What's next ? |
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We have many word leading manufacturing companies. Ineos, Rolls Royce (aero), BAE, Glaxo, BP, Shell are just a few of the well known ones. We also have lots of smaller very successful specialist companies that are not well known and often privately owned. What we are not good at is producing the more mundane consumer goods. This is because cost of entry into these areas is low. By definition manufacturing will gravitate to the lowest cost economies. Sure we could compete- if we were happy to drop the minimum wage to £0.25p per hour and get rid of all state benefits. Do we really want that? |
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By (user no longer on site)
over a year ago
|
"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity
Great ideas, isn't designing a 5g network something we should be good at ?
Fact is China and many other countries no longer need our services.
What's next ?"
Move out of the services industries and build seperate technologies. Also look to invest in countries that aren’t developed, as well as those with which we have strong ties (singapore, India, Australia, Canada, Caribbean, America etc) |
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"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity
Great ideas, isn't designing a 5g network something we should be good at ?
Fact is China and many other countries no longer need our services.
What's next ?
Move out of the services industries and build seperate technologies. Also look to invest in countries that aren’t developed, as well as those with which we have strong ties (singapore, India, Australia, Canada, Caribbean, America etc)"
Separate technologies ??
Tell us more please |
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By *arksxMan
over a year ago
Leicester / London |
"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity
Great ideas, isn't designing a 5g network something we should be good at ?
Fact is China and many other countries no longer need our services.
What's next ?
Move out of the services industries and build seperate technologies. Also look to invest in countries that aren’t developed, as well as those with which we have strong ties (singapore, India, Australia, Canada, Caribbean, America etc)
Separate technologies ??
Tell us more please"
Telecoms is not something the UK has a great background in. Open reach (bt) has pretty much an monopoly and they are busy enough trying to upgrade the UK and bt the parent company are exactly in great health to head into the rest of the world.
The Arab nations have seen a massive expat evacuation since the saudi/Russia dead dino juice fight in Feb and due to covid.
And their indigenous population does not skills to plug the gap.thu do need us.
But it's mainly private individuals going there not UK companies. That should and could change.
(Bascially they need more guns bankers and lawyers)
So that leaves the UK doing what it does now.
Run banks and financial services from it's geographically well positioned location on the timeline map.
Design guns and missiles and jet engines from its manufacturing base
But I too would like to know what these separate technologies are that were mentioned 
I'm also pretty sure if we knocked on indias door or any nation we (took over) as part of the empire wouldn't be that keen to enter a partnership with nation that literally enslaved their people.
Plus china and italy have most of the construction wrapped up in the Indian nations |
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"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity
Great ideas, isn't designing a 5g network something we should be good at ?
Fact is China and many other countries no longer need our services.
What's next ?
Move out of the services industries and build seperate technologies. Also look to invest in countries that aren’t developed, as well as those with which we have strong ties (singapore, India, Australia, Canada, Caribbean, America etc)
Separate technologies ??
Tell us more please
Telecoms is not something the UK has a great background in. Open reach (bt) has pretty much an monopoly and they are busy enough trying to upgrade the UK and bt the parent company are exactly in great health to head into the rest of the world.
The Arab nations have seen a massive expat evacuation since the saudi/Russia dead dino juice fight in Feb and due to covid.
And their indigenous population does not skills to plug the gap.thu do need us.
But it's mainly private individuals going there not UK companies. That should and could change.
(Bascially they need more guns bankers and lawyers)
So that leaves the UK doing what it does now.
Run banks and financial services from it's geographically well positioned location on the timeline map.
Design guns and missiles and jet engines from its manufacturing base
But I too would like to know what these separate technologies are that were mentioned
I'm also pretty sure if we knocked on indias door or any nation we (took over) as part of the empire wouldn't be that keen to enter a partnership with nation that literally enslaved their people.
Plus china and italy have most of the construction wrapped up in the Indian nations"
Just google sir Ernest Harrison to see where the uk leads |
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By (user no longer on site)
over a year ago
|
"I think we can forget about manafacturing things here in the UK. We will never beat the price of other countries and at the end of the day its all about cost.
This country will slowly pick up as will all other countries will. Time will heal.
So what do we export then ?
Apsolutely nothing compared to other countries. We are nobody when it comes to exporting and I bet the parts used for most of what we do export is bought in.
So how do we get money to buy imports
The same way we get money to buy imports for the last 40 years we have a service led economy.
Sell services...having a manufacturing led economy is the sign of a middle nation.
Go ask Brazil India and russia what an manufacturing model stuck on middle income wage feels like.
Politicians keep selling this idea we need to make our own products. Hands up who wants to leave their office job to go work in a mine or on a assembly line.
There are no shame in those jobs but there is a reason we moved away from them. They are hard work.
No we need to make and offer services the globe wants and extract the highest return from those activities. The UK economy's problem has always been a lack of productivity and efficiency
It's one thing that general public dont have a deep understanding of economics....but the UK hasn't had strong political economic leadership in over 12 years. Most mps are constantly pushing an agenda to line their pockets.
And when you look across all parties not one of them has a decisive plan.
And as for the b word...the government has given a clear plan as to why are economy WILL be better for leaving. I've just seen borris Australian titan biscuits
And in the same note people want to run back to the eu just at the point when alot of those (myths) about the EU are actually becoming true due to covid. They are just as fucked
It's a cluster fuck there is no right answer...all I want is some strong leadership and unity
Great ideas, isn't designing a 5g network something we should be good at ?
Fact is China and many other countries no longer need our services.
What's next ?"
What's next is we bend some more and allow the chinese to push the rest in |
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The issue is where the building will take place, there areas of the country that have been decimated over there years. Those areas need to be renovated first, get big businesses back into those areas instead of in the wealthy areas. |
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By *arksxMan
over a year ago
Leicester / London |
"The issue is where the building will take place, there areas of the country that have been decimated over there years. Those areas need to be renovated first, get big businesses back into those areas instead of in the wealthy areas."
Expect lots of buzz words like... Powerhouse of the north from the government
Which will translate to... Manchester getting any pocket money left over from London.
These places are great but they are economic microcosms they may help the national economy but most of the economy of scale is local only...
We need big shovel ready projects that are future focused like green energy and automation and robotics. Not a hs2 railway in 20 years when Elon will have flying around in whatever tesla has come up with by then
Lots of talk about China being the reasons we are behind.
No the uk has failed because it has not adapted like china.
The uk needs to let go of troupes from 1945 1966 and thatcher years.
There gone and left to the pages of history we need to move forward in a bold new direction.
Not regress to pages in history |
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By (user no longer on site)
over a year ago
|
"Same as after a war, borrow and build.
I'm all for that but does that mean continuing to build HS2 at a projected cost of over a 100billion or do we stop and use the money to on other projects ?"
To knock half an hour of from London to Birmingham, scrap and use money elsewhere |
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"The issue is where the building will take place, there areas of the country that have been decimated over there years. Those areas need to be renovated first, get big businesses back into those areas instead of in the wealthy areas.
Expect lots of buzz words like... Powerhouse of the north from the government
Which will translate to... Manchester getting any pocket money left over from London.
These places are great but they are economic microcosms they may help the national economy but most of the economy of scale is local only...
We need big shovel ready projects that are future focused like green energy and automation and robotics. Not a hs2 railway in 20 years when Elon will have flying around in whatever tesla has come up with by then
Lots of talk about China being the reasons we are behind.
No the uk has failed because it has not adapted like china.
The uk needs to let go of troupes from 1945 1966 and thatcher years.
There gone and left to the pages of history we need to move forward in a bold new direction.
Not regress to pages in history"
I was thinking more the northeast of the country, my understanding is that area has had big companies leave the area for a long time.
While Manchester has an issue, they also seem to be building up commercial businesses. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"hs2 scrap it waste of money at present time manufacturing support
"
its an easy target... yes its £50 billion... that is priced at £50 billion over 25 years!!! you are not spending all the money at once and how many construction and manufacturing jobs are you sacrificing by ditching the project.
i could make an arguement that one less "nuclear submarine" i am sure the navy could live without..... |
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By *arksxMan
over a year ago
Leicester / London |
"hs2 scrap it waste of money at present time manufacturing support
its an easy target... yes its £50 billion... that is priced at £50 billion over 25 years!!! you are not spending all the money at once and how many construction and manufacturing jobs are you sacrificing by ditching the project.
i could make an arguement that one less "nuclear submarine" i am sure the navy could live without..... "
Trident is the UK nuclear arms program. Like it or not it's the platform we use.
And as a nuclear program go for a tiny island nation with arguably one of the best navy's in the world. A mobile nuclear deterrent makes alot of sense if you believe in nuclear weapons.
There is definitely a problem with overcrowding and rolling stock capacity on the UK rail network.
But we already have the most expensive train fares in europe.
Another line we exorbitant fares for a train route that already exist makes no sense.
It's the interconnecting train network that needs to be upgrade with more capacity not shaving of 30 minutes from brum to London.
Mobile video calling has been an actual workable solution to travel for about 12years.
Just imagine where the technology will be in 20yrs. Thats where we need to be investing. not into trains a 200 year old technology |
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