United Kingdom (Photo credit: stumayhew)
Further to Dr Alf’s reblogging of John Cassidy’s excellent article, entitled “The Mistaken Lessons of History : a UK Misfortune“, published in the New Yorker, I should like to make some additional observations.
Austerity and cutting on their own are never going to work because the jobs which are lost as a result will not be replaced unless other measures are taken in parallel.
Secondly, austerity has to be delivered quickly as was the case with Canada and Ireland where it was applied for two short years and where people were told in advance why it was being done and how growth would be engineered.
In the UK, we have had austerity delivered too slowly and without the accompanying additional measures.
A comprehensive list of necessary measures should include (inter alia):
a) Lower taxes to get money hidden offshore brought back onshore and thus increase tax revenues and become an offshore tax haven within EFTA or alone
b) Stop overseas aid and military adventurism in countries where we have no business
c) Bring in measures to make it more attractive for directors to invest in plant,machinery and expansion than sit on cash mountains abdicating their responsibilities and overpaying themselves
d) Abolish the Barnett Formula
e) Devise measures to promote inward investment and migration of super wealthy immigrants prepared to create jobs for the indigenous population
f) Quadruple the size of the export sales-force and apply NLP and Pimsleur language training to ensure their effectiveness. Assign these salespeople to firms in industries, where market leadership exists and market research indicates room for overseas expansion
g) Merge all county councils and unitary authorities to just 12 for England, 1 for Scotland, 1 for Wales and 1 for Northern Ireland. Abolish Districts, Boroughs and all other councils and outsource remaining services.
Reduce constabularies and fire commands to 15 for the entire country, along with 15 shared service centers to replace all existing local authority call centers and police non-emergency dispatching.
j) Bring in variable taxes on foods and pay doctors based on the number of people they keep well not the size of their patient lists
k) Re introduce National Service for all school leavers followed by Business Boot Camps for the non academically inclined and university for the brightest.
l) Compel all schoolchildren to learn at least 1 economically useful language by age 16 to increase their global employability
m) Reduce annual holidays to 4 weeks until such time as worker productivity rises to the top 10% globally and abolish all Bank Holidays
n) Reduce MP numbers to 200 on 1 all-inclusive fixed salary with no expenses and purchase a Government owned block of flats for them to live in when in London.
Establish video links so that they can listen and contribute to debates from wherever they are as is being proposed for court cases
o) Appoint a super-bailiff plus a team of assistants and go after the bankers, money launderers, those who gave the bankers their instructions, corporate fraudsters and any public servant guilty of embezzlement or corruption.
Recover all monies where possible through asset seizures, sequestration of corporate assets, reimburse the public through tax rebates, try and imprison all those convicted using harsh penalties coupled with restorative justice to make them see the error of their ways and make restitution.