Spend the surplus on infrastructure. Hire from abroad to rectify the skills shortage if necessary.
Downvote away, but it’s what should be done. Our infrastructure, especially rail, is in shite. We’re far too car dependent, and further investment should be put into public transport and cycle lanes.
4.4bn surplus grand a few printers for the office
The problem for the government is that the economy is pretty much at maximum. They’d love to build more houses or spend it on infrastructure, but the builders aren’t there – it will just force up prices. If they put it into a “rainy day” fund, some other government are likely to waste it. Cutting taxes would drive up inflation and leave us very exposed if corporation taxes fall. If they use it to pay off debt, people will complain they are not spending.
I would use it to start up a new SSIA type scheme, or pre-fund a pension saving scheme. Let people save some money, and the government top it up if you don’t touch the savings for 5 years. Or do like Norway and ringfence it into a national saving scheme.
Tax cuts would affect far more of the voting population than building houses.
60+ are owners, 10+ social tenants, and at least another 10% aspiring home owners who are comfortably able to buy at some point.
That’s why nothings happens, same in Canada, Australia etc
I for one am looking forward to the massive giveaway budget
5 comments
Spend the surplus on infrastructure. Hire from abroad to rectify the skills shortage if necessary.
Downvote away, but it’s what should be done. Our infrastructure, especially rail, is in shite. We’re far too car dependent, and further investment should be put into public transport and cycle lanes.
4.4bn surplus grand a few printers for the office
The problem for the government is that the economy is pretty much at maximum. They’d love to build more houses or spend it on infrastructure, but the builders aren’t there – it will just force up prices. If they put it into a “rainy day” fund, some other government are likely to waste it. Cutting taxes would drive up inflation and leave us very exposed if corporation taxes fall. If they use it to pay off debt, people will complain they are not spending.
I would use it to start up a new SSIA type scheme, or pre-fund a pension saving scheme. Let people save some money, and the government top it up if you don’t touch the savings for 5 years. Or do like Norway and ringfence it into a national saving scheme.
Tax cuts would affect far more of the voting population than building houses.
60+ are owners, 10+ social tenants, and at least another 10% aspiring home owners who are comfortably able to buy at some point.
That’s why nothings happens, same in Canada, Australia etc
I for one am looking forward to the massive giveaway budget