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Good news and about time too:
https://telegraph.co.uk/politics/2023/11/17/jeremy-hunt-interview-tax-cuts-autumn-statement-2023/
Quote:
The Chancellor said: “We have turned the corner in a big way this week with the inflation halving,” indicating a significant pivot in economic approach is coming to focus more on growth.
Asked if he was “personally uncomfortable” with the high tax burden, Mr Hunt said: “Yes. Taxes are too high and we need to bring that down. Now we have lower taxes than any major European economy, but that should not be our benchmark.
“Because when you look around the world, the most dynamic, energetic, thriving economies are in North America and Asia, where they generally have lower tax burdens. That should be our benchmark.”
Well said."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I
The UK just isn't a world leader in University tech transfer.rick_chasey said:
UK has about twice the rate of research converting to private enterprise than Germany. It is literally a world leader in tech transfer from university.First.Aspect said:
The UK has always bee innovative, but is behind the US and Germany I believe.rick_chasey said:
UK is already world leader in R&D and translating university research into start ups.First.Aspect said:
Sure, but if you have finite funding, where's it best spent, growing something that needs services, or growing services for things that are already served?rick_chasey said:
There’s room for growth everywhere.First.Aspect said:There is more room for growth in what you are misnaming "manfacturing", folks. So potentially much more value from the investment. Also, "manufacturing" needs services, not so much the other way around.
That list is the innovation economy that I service. So this investment, if done right, will be at the R&D and SME level. But knowing the Tories, there will be some headline sweetners for international companies to locate battery factories here, and suchlike, which creates jobs but not the high value domestic knowledge economy.
The knowledge economy is high value and the UK underperforms. There is no good reason why a PhD like shouldn't be developing something new in a well paid job, rather than doing what I do. But it was very difficult indeed to find decent employment in the UK when I graduated, using the skills I had. And I didn't want to move to the middle east at that stage of my life.
Really, the only options would have been poorly paid R&D, or join the army of scientists willing to risk working for startups, 95% of which fail.
What is good about investing in R&D is that it gives more of those companies a chance.
This is because of its leading education sector.
In terms of tech transfer from universities, we are fairly hopeless.
The issue is not inventive new stuff, it is keep than stuff past of the UK economy. It either withers on the vine or goes abroad for money and, if ultimately successful, manufacturing and often ownership.
UK has much lower corporate investment in general but that’s really to do with the political and regulatory instability since 2016.
UK obviously will invest less in manufacturing vs Germany as Germany is a big manufacturing economy.
In terms of overall innovation, we are pretty good. Germany used to be better.
https://www.wipo.int/pressroom/en/articles/2022/article_0011.html0 -
All I see in that article is the UK third behind the US and Switzerland??First.Aspect said:I
The UK just isn't a world leader in University tech transfer.rick_chasey said:
UK has about twice the rate of research converting to private enterprise than Germany. It is literally a world leader in tech transfer from university.First.Aspect said:
The UK has always bee innovative, but is behind the US and Germany I believe.rick_chasey said:
UK is already world leader in R&D and translating university research into start ups.First.Aspect said:
Sure, but if you have finite funding, where's it best spent, growing something that needs services, or growing services for things that are already served?rick_chasey said:
There’s room for growth everywhere.First.Aspect said:There is more room for growth in what you are misnaming "manfacturing", folks. So potentially much more value from the investment. Also, "manufacturing" needs services, not so much the other way around.
That list is the innovation economy that I service. So this investment, if done right, will be at the R&D and SME level. But knowing the Tories, there will be some headline sweetners for international companies to locate battery factories here, and suchlike, which creates jobs but not the high value domestic knowledge economy.
The knowledge economy is high value and the UK underperforms. There is no good reason why a PhD like shouldn't be developing something new in a well paid job, rather than doing what I do. But it was very difficult indeed to find decent employment in the UK when I graduated, using the skills I had. And I didn't want to move to the middle east at that stage of my life.
Really, the only options would have been poorly paid R&D, or join the army of scientists willing to risk working for startups, 95% of which fail.
What is good about investing in R&D is that it gives more of those companies a chance.
This is because of its leading education sector.
In terms of tech transfer from universities, we are fairly hopeless.
The issue is not inventive new stuff, it is keep than stuff past of the UK economy. It either withers on the vine or goes abroad for money and, if ultimately successful, manufacturing and often ownership.
UK has much lower corporate investment in general but that’s really to do with the political and regulatory instability since 2016.
UK obviously will invest less in manufacturing vs Germany as Germany is a big manufacturing economy.
In terms of overall innovation, we are pretty good. Germany used to be better.
https://www.wipo.int/pressroom/en/articles/2022/article_0011.html
I’d count that as world leading0 -
Sure, but is that a yes or a no?Stevo_666 said:
I thought you might take it the wrong way. Not everyone who isn't looking for work is a a lazy ****er, but there are a few lazy people for which it will be bad news.rjsterry said:
Can I ask how familiar you are with chronic health conditions?Stevo_666 said:
Bad news for lazy ****ers everywhere?briantrumpet said:Genuinely interested - are they floating this as an actual idea they'd do if they had the time, or are they just trolling and winding up the wokerati? Actually, I wonder if there's a difference?
Just the latest in a long list of things that will not happen.
Sorry, spoiled your 'look at the nasty Tory' moment
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
You asked 'Can I ask how familiar you are with chronic health conditions?'rjsterry said:
Sure, but is that a yes or a no?Stevo_666 said:
I thought you might take it the wrong way. Not everyone who isn't looking for work is a a lazy ****er, but there are a few lazy people for which it will be bad news.rjsterry said:
Can I ask how familiar you are with chronic health conditions?Stevo_666 said:
Bad news for lazy ****ers everywhere?briantrumpet said:Genuinely interested - are they floating this as an actual idea they'd do if they had the time, or are they just trolling and winding up the wokerati? Actually, I wonder if there's a difference?
Just the latest in a long list of things that will not happen.
Sorry, spoiled your 'look at the nasty Tory' moment
My answer: no, you can't."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Ok, fair enough. Not sure what all stuff about taking things the wrong way was about. What was the right way?1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
In innovation, by patent filing, yes.rick_chasey said:
All I see in that article is the UK third behind the US and Switzerland??First.Aspect said:I
The UK just isn't a world leader in University tech transfer.rick_chasey said:
UK has about twice the rate of research converting to private enterprise than Germany. It is literally a world leader in tech transfer from university.First.Aspect said:
The UK has always bee innovative, but is behind the US and Germany I believe.rick_chasey said:
UK is already world leader in R&D and translating university research into start ups.First.Aspect said:
Sure, but if you have finite funding, where's it best spent, growing something that needs services, or growing services for things that are already served?rick_chasey said:
There’s room for growth everywhere.First.Aspect said:There is more room for growth in what you are misnaming "manfacturing", folks. So potentially much more value from the investment. Also, "manufacturing" needs services, not so much the other way around.
That list is the innovation economy that I service. So this investment, if done right, will be at the R&D and SME level. But knowing the Tories, there will be some headline sweetners for international companies to locate battery factories here, and suchlike, which creates jobs but not the high value domestic knowledge economy.
The knowledge economy is high value and the UK underperforms. There is no good reason why a PhD like shouldn't be developing something new in a well paid job, rather than doing what I do. But it was very difficult indeed to find decent employment in the UK when I graduated, using the skills I had. And I didn't want to move to the middle east at that stage of my life.
Really, the only options would have been poorly paid R&D, or join the army of scientists willing to risk working for startups, 95% of which fail.
What is good about investing in R&D is that it gives more of those companies a chance.
This is because of its leading education sector.
In terms of tech transfer from universities, we are fairly hopeless.
The issue is not inventive new stuff, it is keep than stuff past of the UK economy. It either withers on the vine or goes abroad for money and, if ultimately successful, manufacturing and often ownership.
UK has much lower corporate investment in general but that’s really to do with the political and regulatory instability since 2016.
UK obviously will invest less in manufacturing vs Germany as Germany is a big manufacturing economy.
In terms of overall innovation, we are pretty good. Germany used to be better.
https://www.wipo.int/pressroom/en/articles/2022/article_0011.html
I’d count that as world leading
Tech transfer is normally measured by revenue generation for the university. I think the US is streets ahead of everyone else in that.0 -
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Good to see you're a fan of capitalism.rick_chasey said:You won’t get any disagreement out of me that the American economy is ✨magic✨
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
It's not magic, they have just chosen to not provide universal healthcare.rick_chasey said:You won’t get any disagreement out of me that the American economy is ✨magic✨
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Don't forget the 33,000,000,000,000 💰 debt!0
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You think that’s the reason why it just keeps on going and going and going?rjsterry said:
It's not magic, they have just chosen to not provide universal healthcare.rick_chasey said:You won’t get any disagreement out of me that the American economy is ✨magic✨
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I can't remember where I read it, but on the "If you won't work we'll take away your medicines" policy, the obvious question is "Then what?"0
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Yeah, that'll show them.kingstongraham said:I can't remember where I read it, but on the "If you won't work we'll take away your medicines" policy, the obvious question is "Then what?"
And then we end up with a situation where convicted criminals receive free healthcare (quite rightly) but someone who a random DWP subcontractor has determined fit to work is deemed undeserving of the same.
It's just a statement to get a headline and will be abandoned in a week or so like everything else.1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0
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The more I look this comment from RJS the more it annoys me. What does the US healthcare system have to do with the unbeatable, relentless economic growth, in spite of all challenges?rick_chasey said:
You think that’s the reason why it just keeps on going and going and going?rjsterry said:
It's not magic, they have just chosen to not provide universal healthcare.rick_chasey said:You won’t get any disagreement out of me that the American economy is ✨magic✨
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How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
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They die quicker?kingstongraham said:
How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
*Said in a facetious manner*The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
The warm cosy feeling that Telegraph readers get from the knowledge people are being denied access to the NHS means they save money on their heating.kingstongraham said:
How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
- Genesis Croix de Fer
- Dolan Tuono0 -
pangolin said:
The warm cosy feeling that Telegraph readers get from the knowledge people are being denied access to the NHS means they save money on their heating.kingstongraham said:
How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
Maybe some of them are still sore that they couldn't turn up their heating with the bonus tax cuts from Truss.0 -
...1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Free at the point of care treatment is a fundamental part of our health service. Do you think that is something that should be changed? If so, why, how, what would be the consequences, and how would you address those?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
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Much like culling old people in the pandemic?pblakeney said:
They die quicker?kingstongraham said:
How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
*Said in a facetious manner*0 -
I never said it did. But then again, just stopping access to free NHS treatment per se doe not make someone ill.kingstongraham said:
How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
It doesn't. If they were regularly needing to access free prescriptions and other healthcare then they are more likely to have good reasons for not looking for work. If they genuinely are one of Stevo's 'lazy f***ers' then they are unlikely to be calling the doctor very often.kingstongraham said:
How does making them more ill save money long term?Stevo_666 said:It's not that different from people who don't work enough and so don't pay enough National Insurance to get a full state pension. But I don't hear any moaning about that.
Healthcare is clearly different from a pension. Healthcare is not withdrawn from pensioners who have not made sufficient contributions.
Ergo it's just a statement to get a headline.1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
We've now entered Empty Aspirations Bingo phase of Tory 'Government'. They've got nothing else.
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"long term" haha- Genesis Croix de Fer
- Dolan Tuono1 -
Just in case people harbour any lingering doubts about whether Johnson wasn't as bright as he thinks he is:
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https://www.youtube.com/watch?v=oi7f9QF99XU
