At the risk of sounding like a broken record, we need a new pro-people economic policy. We have had policy for bankers and big business for forty years now. It has failed. This new policy starts with low interest rates.
And the government needs to spend more, not least on employing more people to provide the essential services that the UK once enjoyed, but now lacks. And they need decent pay.
Then we need to invest more. We have no choice. Not only is the infrastructure of this country worn out due to neoliberal neglect, we also need to become sustainable and we are a long way from that as yet.
As a result we need to accept that the richest in this country will need to pay a lot more tax. If we are to reverse decline that has to happen.
My contribution is the Taxing Wealth Report. It shows that raising the required tax is possible, with ease.
We need more investment therefore we should lower interest rates – reducing the amount of savings done to finance investing – plus nick all the money off people who invest through higher taxation.
Yes, that’ll provide the correct incentives, won’t it?
Note what he doesn’t suggest – that his pensions savings, currently all in cash, be invested in anything….