A Pension Fund Investment Bill. This would require all pension funds to invest in activities directly resulting in new economic activity as a condition of enjoying tax relief on their contributions. This could generate £20 billion for investment in the economy.
Your pension should be handed over to the Venture Capitalists.
A Local Authorities Borrowing Powers Bill. Tis would permit local authorities, singly or in regional combination, to borrow to fund housebuilding. The bonds they would issue would qualify for investment under the terms of the Pension Fund Investment Bill.
Alternatively, when inflation is 3% and interest rates are 1%, you should invest your pension in bonds.
The Local Authority Pension Fund Bill. This would allow the merger of UK local authority pension funds to create a combined opportunity to save cost and to permit the biggest opportunity for the creation of an active investor fund dedicated to regenerating local economic activity in the UK that we could have.
Let’s create a national pension fund that isn’t local to encourage local investment.
A Pay Bill. A Bill to firstly restrict the right to corporation tax relief on wages paid in excess of 10 times median pay
Limit top pay to a little more than I and my wife make each year.
and secondly to require the payment of a living wage,
The national minimum wage is already the living wage. Or would be if it wasn’t taxed so damn much.
An NHS Reform Bill. A Bill to merge all NHS trusts and clinical commissioning groups within English regions into single organisations with a statutory duty to deliver integrated health care. Would include paving provision to bring social care into the same structure. The aim would be to ensure health care integration, to achieve economies of scale, to eliminate the massive duplication of effort, contracting and accounting the existing system entails and to improve democratic accountability by bringing these structures under combined county council control.
A Local Authority Education Bill. To bring all schools under direct local authority control and to end Foundation status to ensure the supply of integrated local education for the benefit of all in a community at lowest overall cost whilst enforcing inspection regimes, including on authorities themselves. Would also impose a requirement to provide adult education and skills training for lifelong learning.
Stalinist centralism works!