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So, now's your chance. Tell me a policy or law you'd like to put in place and explain how and why it would work.
We don't always have to give an alternative, sometimes its just a burden of overlegislation.
Scrap the minimum wage law.
People complained about the governments policy of getting youth into work as slave labour and yet I don't consider it fair to force companies to take on workers that they don't want for minimum wage. Without the law they could pay them enough for transport and food costs at least.
In what reality are companies forced to take on workers they don't want?
One thing, ensure that firings due to reasons of gross misconduct or incompetence do not lead to ridiculous payoffs. If you've abused your position, you shouldn't be rewarded with a payoff to get rid of you
... and just make sure that the original terms of employment include specific terms relating to the above accordingly! It's generally not the employers at the end of the day but the 'ones' brought in afterwards that reap the benefits... so to speak (loopholes) ;¬)
...reducing the impact on the environment (shipping) and maybe improve the strength of the currency (exporting but not importing so much).
Surely, these two points contradict (even though I share your ideas) ... exporting or importing it still has to be shipped and someone has to pay for it, in a 'competitive marketplace' :¬)
Personally I'd try and make the country more self-sufficient. The UK relies heavily on foreign imports so if ever there is a major problem with the economy (be it the UK, Europe or the World economy), we'd probably struggle to get back on our feet.
The problem with that is we're a small consumer nation. In comparison it's costly to produce raw materials because we have an established economy and we can't provide massive amounts anyway. It's impossible to go back to pre-70's era production because the rest of the world has now caught up with us and business will always go to the cheapest manufacturer. So you can either export goods above the market price or they simply stay in the UK and the money does nothing for the economy.
I'm no fan of the Tories but they essentially realised this, closed down the industrial towns and started investing in information, future technology and banking that now funds this country. Those things will always be around and essential.
As far as how you protect and grow the economy, I think it has to be protected from multinational corporations. Free trade is all well and good but it shouldn't be allowed to strangle small businesses and any buyout should be run through extremely strong anti-competition measures to encourage small businesses to grown, not to just sell up to the big boys. Monopolies are not a good thing for the buying public and certainly not a good thing for anyone who ever wants to own their own business.
The banks are a serious problem at the moment, looking after their own interests instead of funding and loaning money. Personally I'm in favour of a state run bank that would keep private banks competitive but that's a dangerous slope and could simply discourage private banking in this country if pushed too much.
As far as bonuses, the government are in an impossible position as they have no authority over what private business pays their employees. That's a matter for the shareholders.
Personally I'd try and make the country more self-sufficient. The UK relies heavily on foreign imports so if ever there is a major problem with the economy (be it the UK, Europe or the World economy), we'd probably struggle to get back on our feet.
Maybe reduce tax by 50% on goods entirely produced in the UK using materials from the UK. This would both encourage agriculture and production in the UK, creating more jobs, reducing the impact on the environment (shipping) and maybe improve the strength of the currency (exporting but not importing so much).
Scrap the minimum wage law.
People complained about the governments policy of getting youth into work as slave labour and yet I don't consider it fair to force companies to take on workers that they don't want for minimum wage. Without the law they could pay them enough for transport and food costs at least.
So, now's your chance. Tell me a policy or law you'd like to put in place and explain how and why it would work.