Graham8digits's profile picture. Interested in architecture, planning, utility regulation, economics, and increasingly parking. 45 discerning followers; not sure what the rest of you are doing.

G

@Graham8digits

Interested in architecture, planning, utility regulation, economics, and increasingly parking. 45 discerning followers; not sure what the rest of you are doing.

G reposted

"We have inherited the British system, and you see how grievously they have harmed themselves. They say, just nationalise. Oh well, just redistribute wealth. Squeeze the rich until the pips squeak. It sounds wonderful at election time..." Lee Kuan Yew, August 16th, 1981.


This was a rare policy that accepted a little short-term unfairness as the price of better long-run incentives. But no policy can survive long against the tyranny of first-order thinking.

NEW: Rachel Reeves signals she intends to remove the two-child cap *in full* "I don't think a child should be penalised because they're in a bigger family through no fault of their own," she tells BBC.



Some political scandals are confected nonsense, but this isn’t one. Reeves advocated to introduce unnecessary cost (in compliance) and risk (in inadvertent noncompliance) for landlords, then fell into her own trap. Either she or the regulation should go.

The licence costs £945. Obscure insignificant little licences don't cost £945. Reeves has been an advocate of these very expensive licences, you live by the licence advocacy you die by it.



The burden of feeding your own children has now been assumed by the state

Parents shouldn’t be out of pocket by setting their children up for school. That’s why we are rolling out free breakfast clubs and from next September, schools will be required to limit branded items of uniform. Saving families £500 and giving kids the best start in life.



Reducing electricity consumption was literally the policy of the EU. Countries had targets. Only the U.K., I think, achieved them.

The general view of the UK economy is that it's been stagnating for decades now. But on some of the most important metrics it's actually going backwards...

AlecStapp's tweet image. The general view of the UK economy is that it's been stagnating for decades now.

But on some of the most important metrics it's actually going backwards...


As the chancellor looks for new ways to raise money, thought I should flag this one again. Logically consistent with the schools tax, but could raise far more.

Is there any talk of a tax on mortgage payments? It seems a no brainer, as by definition anyone with a mortgage is in the upper half of the income distribution. If they still own their homes after mortgage rates doubled, they can hardly object to another 20%.



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