nostr:npub10kcanyrevwyaafkmcjkh2zcaz8tg9ujc3f4xn74ef5dp5vwptjnqqmqjyy
Yes, but what's so odd, is inside the EU most states have found ways to support nascent industrial sectors within the EU regulations... so the idea (widely put about) that we need Brexit to have an interventionist industrial policy was just yet one more lie...
Unsurprisingly in many cases the #tax paid on earned income is twice the proportion paid on capital gains... part of this is an explicit support of #investment (which given low levels of investment in the UK, we can safely say is a failing policy) and partly because CGT is so structured to allow all sorts of game-playing & manipulation by rich holders of capital.
The solution (as the FT would argue) is partly tax simplification & partly a refocusing of tax altogether!
The key near-future structural shift for #batteries may be vertical integration of the #supplychain.
Already #electricvehicles' #manufacturers are reaching back into supplychains to control the production of batteries, but there is also some indication that mining #corporations are looking to integrate processing & even component manufacture.
The key Q. will be how much of this increasingly integrated production will be controlled in (and by) #China & whether others can capture market share?
The FT's focus on #taxation has moved on to the taxation of motoring;
As they point out (currently) zero-rated #electricvehicles count for around one in six car sales & #fuelduty accounts for around 2% of all Govt. revenue; with no other changes the shift to EVs erodes the UK effective tax base.
FT's solution is mile/road pricing. To manage this shift they suggest running the two systems in parallel with the latter managed via EV's internal software reporting.
Q. is: who could sell this idea?
nostr:npub1v5x3hxyj04vflzpxttc3f4exsjkl65u0daufjys86md8zdexdjnqskfmhy
'subscription to civilisation'?
nostr:npub17pw8amdtufd7d89c3da6c8z4jyhzg4v9vftvqsdevvg5wj04r4lqrt5va3
I think an awful lot of things were done during the pandemic/lockdown that would not bear scrutiny in normal times & ECHR rights are not different - as always emergencies are a time when Govt's start t this rights are a luxury that can be suspended
nostr:npub1nd4dvmc8hvh9p4a3hh8hu3el47qxwkqvtfwnjuksnq7vxllrsc5s5wetak
Quick answer; as you suspect, both.... debts are 'performing assets' for #banks & they need them to make a profit....
nostr:npub1t3raw53wsc47582dlppuf5c3vnr3jx2sha9le6pwm9356u3m5gts0z6knd
yes, although the banks (by reducing #mortgage rates) must be calculating that the MPC will change direction before long (although cheaper #mortgages also reveal a problem in the demand for credit, from which they make their profits, of course)
nostr:npub18pj02q075l2smkruxv2vxqd8xfh64guv8kj2r2xtkwyylvppcmnqm9nexf
Yes, that was sort of behind my comment - its difficult to shoot people at the drop of a hat if you haven't got a gun to hand....
Meanwhile in #Denver, yet one more incident that suggests #police in #America are much to eager to reach for their guns... a police office who had been on the scene of an incident less than a minute shot dead an unarmed man who had been tasered already...
I'm not sure how my American friends feel safe in a country where lethal violence is always the go to solution....
https://www.theguardian.com/us-news/2023/aug/15/denver-police-shoot-unarmed-man-marker-knife
nostr:npub1t3raw53wsc47582dlppuf5c3vnr3jx2sha9le6pwm9356u3m5gts0z6knd \
Hmmm... remember that Tom Gauld cartoon from a couple of weeks ago... the labyrinth of your pending pile looks to be getting more extensive...
A friend of mine just told me about a colleague who was outraged that a friend of his had been sacked for using the phrase 'N[word] in the woodpile' in a public meeting....
Their (the colleague not my friend) was 'Just because I use the word N[word] doesn't mean I hate Sambos'....
He (my friend) said he felt like he'd been transported back to the 1960s.
#racism
nostr:npub147fd4nfmz7nmpyfzy77wpmttwf4vym3az4xr9mktegq3nxp7dgcsgzawz0
Yes, I'd agree... but whether we can do that in time is another issue
nostr:npub1n4lgzwh78ncf8y22tpe43hqx4qlrpgkvpvhrs0dg2q8wdlyzex8scpvgmk
Yes, but I would put that in the wider context of the UK's 'cult of the amateur'... we have a more general faith in the idea that there are general skills ('leadership', 'decisiveness' etc.) that are more important than actual derailed knowledge of that which needs to be managed... for my money this is something that while may have served us well in the C18th now is long past its use-by-date!
Evidence of #StructuralRacism in the #gigeconomy:
'Research, published by the Trades Union Congress... showed the proportion of BME workers in low-paid & insecure work increased from 12.2% to 17.8% in the last decade. In comparison, the proportion of white workers in insecure work only rose marginally from 10.5% to 10.8%.
During this time period BME workers accounted for two-thirds of the growth of insecure workers – despite making up 14% of the overall UK workforce'!
The timely in #data on local needs has resulted in a miss-match between the funds flowing from central Govt. to local councils and their need(s) for spending...
or to put it another way, rich areas get more money while having less requirement(s) for services, while poorer areas with more budgetary need to offer support for vulnerable people get relatively less (per head).
once again the UK is a country where the system is skewed in the interests of the wealthy!
Our response to the #climatecrisis is being stifled by a lack of staff & financial support on #climate science & its associated professions/jobs.
Of course, we shouldn't be surprised that the general problems in #workforce dynamics & the funding of #research would also pattern & shape our response to #climatechange.
The #Tories have completely f*cked up the country & now we are all going to pay the price.
#headinmyhands
nostr:npub143hgm23wqxv2tvdd67rssvg8r9umgeyzuphmfukea6zd572urgms9c5c3w
yes, I ran out of words 'play the game better' was precisely intended to hint at your point; the entire bidding system is set up to dis-incentivise SMEs due to up front costs
nostr:npub1eq4z5l7xhzwxqyh4rndezh9frxrsr7228r63g5qej5frk6fntsjq72mf0l nostr:npub14slj49mppq4y735h5u9z2jpan9eamkr5gn65sdpm5mg24jxg9kjslgml7m
Its not me you need to convince (I agree)... its Rachel Reeves & her 'rock of fiscal probity' that present the major brake on such large-scale strategic moves when they will also need to be clearing up the more immediate mess
Raghuram Rajan (FT) posed an interesting Q. yesterday (although not quite in these terms):
Are responses to #climatecrisis often #collectiveaction problems?
Do actions by one country that seem sensible actually undermine other countries' efforts to repose to #climatechange?
His example: #green policies that effectively reduce the ability of developing countries' firms to access rich-country markets & so reduce resources in the former to respond to climate change or shift to new activities.