Striving to save money
It was not just the big productivity loss that boosted the deficit and lay behind higher taxes in the last Parliament. I spent time throughout giving Prime Ministers, Chancellors and Chief Secretaries who came and went many ideas of how to save money in bloated state budgets.
There were the large sums being spent on energy subsidies as they intervened heavily to switch from coal and gas generated electricity to solar and wind. There were the over the top domestic energy subsidies for the better off as well as for those on low incomes. The Truss plan gave double subsidy to most MPs, as anyone with two homes qualified for two subsidies. There were the large loans to Councils to let them buy up property investment empires. There were the grants to Councils to take road capacity out. There was overseas aid for bad schemes and for some developing economies with their own budget capacity. There was the large expenditure on housing for illegal migrants, and the big cost of housing and public service provision for low income and no income legal migrants. There was the wasteful HS 2 project and the escalating losses of the nationalised railway.
By the last year I was hammering my big 3. The annual £20 bn plus of lost public sector productivity. The £20 bn of avoidable annual bond losses incurred by bad policies at the Bank of England. The £10 bn to £20 bn of overall cost and lost tax revenue from high levels of economic inactivity amongst people of working age after the pandemic. The government tried to do something about the first and third of these, but the benefits were neatly put forward into years after the election in the main by officials who did not see the urgency of implementing the necessary changes. . They would not budge on the easiest cut of all, to stop selling the bonds at a loss.
Source: http://johnredwoodsdiary.com/2024/08/13/striving-to-save-money/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom Nootropic
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
![Report abuse](/img/report_abuse.png)