self funded too
Posted on 12/09/2019 3:13:39 PM PST by SeekAndFind
Whoever wins this week's UK election, there's more at stake for businesses and investors than at any time since the 1970s — and it's not all about Brexit.
The future of Britain's plan to leave the European Union, which would reverse 46 years of trade and economic integration, could be decided on Thursday. Huge domestic policy change also looms large. Britain's two main political parties both want to increase government spending after a decade of painful austerity under Conservative-led administrations. But opposition Labour Party leader Jeremy Corbyn has pledged to dramatically expand the role of the state and boost public spending to levels not seen in a generation if voters send him to Downing Street on December 12.
On Labour's policy wish list: nationalizing major utilities, a 32-hour work week, giving 10% of shares in large companies to workers, increasing the power of unions, freezing the retirement age at 66 and building out public housing stock on a large scale. The party has pledged to finance higher spending with big tax hikes for corporations and Britain's wealthiest 5%. Borrowing to fund investment would reach £55 billion ($72.4 billion) annually by fiscal year 2023.
The overhaul would unfold at breakneck pace. Labour said Monday that it would begin the process of nationalizing water and energy companies within 100 days of taking office.
"It's clearly a blueprint for a long term, fundamental change of the role, size, scale and scope of the state in the UK," Paul Johnson, director of the Institute for Fiscal Studies, an independent research institute, said at a recent presentation to journalists.
Proposed changes to taxes, spending and regulation would put Britain in line with many of its Western European neighbors. But such changes would look "very different from anything we've experienced, certainly since the 1970s," Johnson said.
(Excerpt) Read more at cnn.com ...
So they are going freeze in the dark?
How to build a prison camp.
Good slide into the abyss of Venezualianism.
Lucas electronics...
...that is all.
This is the idiocy Thatcher saved the UK from once before. British GDP per capita had fallen almost to the level of Spain - in the 1980’s.
Their very own Bernie Sanders. He’s not going to win, but it’s going to be uncomfortably close. Muslims vote.
The winning post!
Lucas, the Prince of Darkness!
AKA: How Socialism will destroy the nation's economy in less than five years.
The next invasion of illegal aliens coming across the Canadian border will probably be Brits.
He’s a Communist.
Indeed, they have to pay.
Another horse's ass at CNN, this one carrying water for the Remainers and (ironically, since he favors Brexit) the Jew-hating former Soviet asset, Jeremy Corbyn.
self funded too
And an apologist for terrorists.
British Rail, British Leyland, both ideal examples on how this is going to work out...
Bernie wants to do the same thing. Full communism.
I’m starting to think Corbyn wants Boris to win by a landslide.
Corbyn is doubling down on stupid. Of course he’s advocating policies he likes and probably thinks everybody should like.
Here’s to Brexit and England getting their immigration under control!!
Loony Brits going for the Socialist Pairofdice to compliment their Islamic No-Go Zones.
Just a reminder: Lucas Electronics builds refrigerators. Would you eat food being cooled by the Prince of Darkness?
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