Brexit has been a disaster. I’m sure if we could have known it would be followed by COVID and an Ukraine war we probably would have left it for a while! But, it’s done nothing to help us nor has the Brexit camp promises materialised. So it was a terrible time snd an even worse outcome. That said, the best thing that could come out of it is we could reinstate exchange control regulations originally removed by Thatcher. We could take control of uk money and prevent it being removed from our economy. It’s been over 59 years and it too has been a disaster. We are worse off and owe 2.8 trillion pounds! What’s more all our best companies are owned by outsiders! She thought more money would come in but it seems the opposite happened. GDP is now counted by that borrowing and our personal borrowing as if it’s a product! The system has proved a failure of biblical proportions. We need to take back control of our money. It’s undemocratic to allow the rich few tell us majority we need to borrow our money and pay back more! The best way is to turn it on its head, make ALL money move ALL of the time by forcing a spending policy to ensure it is spent within the UK. Put a spend by date on money electronically that will make spending drive the economy from a stagnant puddle to a tsunami of power that will flood ALL our pockets and that of the exchequer! No more borrowing, no more deficit just higher wages higher earnings and more money to enjoy spending! Tax revenue is only triggered by spending and money having to move…., so make it move!! That’s the only way for the exchequer to grow its income. There is and can never be growth of our economy as the money is finite. It can’t grow but, it can be spent over and over again to turbo charge the flow. Too much is held away from that tax stream out and away from our working pot! Simples!
Brexit has been a disaster. I’m sure if we could have known it would be followed by COVID and an Ukraine war we probably would have left it for a while! But, it’s done nothing to help us nor has the Brexit camp promises materialised. So it was a terrible time snd an even worse outcome. That said, the best thing that could come out of it is we could reinstate exchange control regulations originally removed by Thatcher. We could take control of uk money and prevent it being removed from our economy. It’s been over 59 years and it too has been a disaster. We are worse off and owe 2.8 trillion pounds! What’s more all our best companies are owned by outsiders! She thought more money would come in but it seems the opposite happened. GDP is now counted by that borrowing and our personal borrowing as if it’s a product! The system has proved a failure of biblical proportions. We need to take back control of our money. It’s undemocratic to allow the rich few tell us majority we need to borrow our money and pay back more! The best way is to turn it on its head, make ALL money move ALL of the time by forcing a spending policy to ensure it is spent within the UK. Put a spend by date on money electronically that will make spending drive the economy from a stagnant puddle to a tsunami of power that will flood ALL our pockets and that of the exchequer! No more borrowing, no more deficit just higher wages higher earnings and more money to enjoy spending! Tax revenue is only triggered by spending and money having to move…., so make it move!! That’s the only way for the exchequer to grow its income. There is and can never be growth of our economy as the money is finite. It can’t grow but, it can be spent over and over again to turbo charge the flow. Too much is held away from that tax stream out and away from our working pot! Simples!