An interesting idea

But, just imagine three things. Just suppose £28 billion had been invested into the UK economy instead of lent to it? think how much more robust the economic recovery would be in that case.

Second, imagine that this was now a National Wealth Fund run by a National Wealth Service – investing for the future of this country. How much easier would that be to explain?

And third, suppose that this money had been used to leverage:

Commitments to a green transition;
A commitment to paying a real living wage;
The better representation of employee interests on boards;
A commitment to full accounting for tax on public record;
An end to the use of tax avoidance schemes.

The interesting question being, are those things that would make us wealthier?

21 thoughts on “An interesting idea”

  1. I see that he is still insinuating that HMRC are not very good at their jobs. And does he explain how this “investment” would yield any returns?

  2. National Wealth Fund run by a National Wealth Service

    Sounds almost as wonderful as the National Health Service.

  3. Sounds almost as wonderful as the National Health Service.

    ‘ Stop spending. Protect the National Wealth Service.’

  4. Clap for the NWS.

    How do you make a small fortune with the National Wealth Service? Start with a large fortune.

  5. @samjones – and he’s received £6000 in a month. Will he be declaring this as taxable income or has he declared himself a charity ?

  6. he’s received £6000 in a month

    Has he actually received the readies? Or just £6k worth of promises?

  7. Yes lets not prop up business to the tune of £28 billion – let them all fail. That’s a great plan. Genius.

    On the other hand he wants us to keep on sending £1 billion a month to the Eu . Once we finally leave it’s clutches there’s £12 billion for a start though lets not invest it in this green nonsense.

    @BIW – if he doesn’t get the money he’ll publish plenty of blog posts blaming the right wing conspiracy, neocons etc.

  8. Just suppose £28 billion had been invested into the UK economy instead of lent to it?

    Who’s to say the £28 billion isn’t being invested in some way?

  9. Bloke in North Dorset

    Its typical of the left that the National Wealth Service isn’t about creating wealth, for us all to enjoy, but about spending other people’s wealth in ways that only a select few on the left will enjoy.

  10. Spud won’t get all of it. I certainly won’t actually be paying any of the amounts I’ve pledged under various aliases.

  11. Andrew C

    Would be good if a donation were made from, say, the Cayman Islands or a trust or foundation. Would he return any such tainted cash, I wonder?

  12. “Investing” is moving money from A to B now in return for money moving from B to A at some point in the future. How is that any different from “lending”?

  13. BraveFart said:
    “Would be good if a donation were made from, say, the Cayman Islands or a trust or foundation. Would he return any such tainted cash, I wonder?”

    Great idea. A Liechtenstein Foundation would be best, but probably too much faff and expense to set up for a joke.

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