I have spent weeks this summer researching and  writing how the government and Bank of England could give us a better future. I have set some of these views on this website, in tv and radio interviews and through comment in papers. I have sent the main ideas to Ministers and advisers.
In the next few weeks I will be publishing an updated and improved version of my Central Banks lecture. This will reinforce the need for changes to their model, forecasting and current policy stance.
I will be launching another booklet on wider ownership, setting  out how we could help many more people to become owners of property, shares and businesses. It will set out ways to boost public sector productivity by involving officials in ownership and participation of delivery for public services.
I am just finishing a third on a supply side revolution so the UK makes and grows more. This  will need targeted tax cuts and a pro business approach in government departments.
These three pieces will provide a policy framework for a decent ownership and supply side revolution, against a background of a more stable and supportive money policy. They will also provide many individual  proposals government could adopt even if it is unable or unwilling to embrace the new vision,
August 25, 2023
Sounds like you should lead a group on a study visit to Singapore.
August 25, 2023
I see the crippling taxes on North Sea oil are working as planned.
Production is down and Harbour Energy has sacked hundreds.
This means Importing more fossil fuel so the carbon footprint is disregarded.
We really are being driven to the wall by an anti British establishment bent on bankrupting us for their gain
Only Reform is offering a referendum on net zero and this will be a defining issue next years after a winter of power cuts and gas shortages. We’ll see then if Fishys statement that the people are behind him holds water.
The chickens are coming home to roost.
August 25, 2023
I am in a state ( not unusual ) of total confusion.
I mentioned that a certain PM had ( as reported in MSM) stated that something important could not happen before the next election. Comment deleted yet no rude names or anything.
Then I thought about it all and thought that maybe there was an excuse for govt. It was scared of being defeated in courtâŠhumiliation etc.
But then I was told that, on the two most important issues facing us, govt. could legislate.
So why doesnât it?
Simply does not want to?
Or knows it would would not get legislation through? No support in the House?
August 25, 2023
Ian,
Spot on. Deliberate by Sunak and Hunt while trying to deceive the public to the opposite.
Well done JR. It appeared Truss was listening to you- she was ceremoniously dumped by an establishment coup. BOE being front and centre.
August 25, 2023
No support from its own pseudo-Tory MPs, who are either crypto-socialists or else envisaging their future in quangos and directorates in woke, ESG-sensitive mega-corps, and need to polish their nicey-nicey credentials.
August 25, 2023
++
Agree.
It is really beginning to look like an economic and social Titanic.
Latest BRICS development must have western leaders eyeing the lifeboats?
And surely yet another huge crash is looming?
Not to mention rumours of a further attempt to lock us in.
On the Titanic they danced and dined unwarned by the captain.
And those who said âWhere are the life jackets? This is what we should be doing.â were ignored.
August 25, 2023
Would a referendum be successful in stopping net zero when so many people have been brainwashed into believing the climate emergency scam?
August 26, 2023
Good question, I think that depends on us getting Reform UK MPâs into post, so they can be a real opposition, unlike Kneelers comedians!
Sir John, I think it would be very good for our country if you took your three pieces of work to Reform UK, who I believe would embrace your expertise!
August 25, 2023
+1
August 25, 2023
We taught Singapore! They copied us!
August 25, 2023
Good morning.
For which, I am sure, Rachel Reeves MP will be most grateful. Because lets face it Sir John, she is the only one ever likely to read it and take it seriously.
Your parliamentary party colleagues, especially those in government, do not deserve to be where they are.
August 25, 2023
Is “pearls before swine” too strong a comment?
August 25, 2023
@Mark B +1
Cronic when we get to suggest that Labour might be more Conservative, less Socialist than the shower that has highjacked the UK
August 25, 2023
Good morning.
Keep trying Sir J., we admire you and support your efforts.
However, reading the comments on this blog over the last few years, the level of despair of, and subsequent anger at, the PCP makes such effort moot.
You might write to your party officers a report on ‘How the PCP has lost relevance to the electorate and it’s failure to fulfill Party commitments’.
August 25, 2023
Peter..your last point sums up the despair across the nation, but what chance of a turnaround?
August 25, 2023
None by JRs party that is a dead certainty. They had and have a huge majority anything was possible. They act 180 degrees opposite of what they got elected on.
August 25, 2023
@Peter Wood +1
43% voted for a Conservative agenda. 365 seats against 203. Then what did the Conservative Campaign Headquarters (CCHQ) do. it refused the voters, refused the electorate, disenfranchised a Country . We will be expected to forget they seemingly lied to get the Conservative Party elected come the next GE.
Being anti UK, anti wealth and anti an economy for all. Toeing the line to masters in the EU and the socialist WEF, becoming part of the globalist socialist empire is so far from being Conservative its actually on another planet totaly alien. Can they see it, I doubt it, they are so engrossed in the personal ego they no longer understand thier purpose
All they had to do was be Conservative and Manage
August 25, 2023
Central Office did none of that. The Government did that. The work of Central Office is over when the last vote is counted.
âThe points are setâ because they selected those who sit in Parliament by supplying a shortlist with no conservatives on it.
August 25, 2023
A pro business approach – so that would be 180 degree U turn from the current anti-business, anti-car, anti-self employed lunacy.
Improve public sector âproductivityâ – start by firing all those in the state sector that are doing positive harm to the private sector productivity as so many (at least half) of them are. Release these people to get real and productive jobs and cut and simplify taxes with the saving. Scrap the insanity of net zero and stop all the rigged markets in banking, transport, housing, energy, education, healthcare, relax planningâŠ
But Sunak will do none of this he is not even interested in stopping the boat he will not even kill ULEZ which he dishonestly supports while pretending not to.
August 25, 2023
+++
Yes.
I read that about Sunak.
Open borders, closed roads policy!
August 25, 2023
@Lifelogic +1
August 25, 2023
“figures released today show the number of UK work visas has reached a record high, with more than half a million granted in the year to June.
Some 538,887 work visas were granted, up 63 per cent on the previous 12-month period.”
So Sunak isn’t even trying to reduce legal immigration so why would he stop the boats? The UK population replacement is almost complete.
August 25, 2023
+1
August 26, 2023
Precisely, 100% in agreement.
August 25, 2023
John
I note you’ve never once called for the abolition of the progressive poison that is ESG or should we assume that since ESG is Tory party policy and you’re a party-man that this Neo-Marxist takeover of our private sector is utterly congruous with your free-market supply side reform proposals?
We only ask that you make up your mind as to whether you’re now a Socialist or a free-market libertarian. Some of us, especially me with limited intellectual functioning, are not so sure about what you and your party now believe
It’s either merit or identity. Which is it?
Have each foot in both camps to appease both sides is a stance that is becoming almost impossible to maintain
Reply I work with and represent people with a wide range of views. If you find my approach so disappointing you do not have to write to me in anger every day. Either try and help change some things or lobby someone else.
August 25, 2023
++
Maybe nothing is actually quite as bad as it seems to us?
I see and hear people around here going about their lives as if nothing has happened.
I expect they are happily saving up ULEZ charges for when hubby drives white van up to London.
Maybe I am the one who is wrong?
Maybe our borders ARE racist and we SHOULD return to the Stone Age to save the planet?
Certainly no one seems to me to be behaving in a sane wayâŠ
So maybe I am mad?
August 25, 2023
@EverHopeful
Maybe youâve just noticed that most people are not remotely like, or in agreement with, the 10 or so most prolific posters to this site.
August 25, 2023
Are you happily putting pennies in a jar to pay your ULEZ then?
August 25, 2023
Reply to reply
Really, I donât think that many/if any find you disappointing.
We see you doing all sorts of interviews and articles etc. all the time.
You work so incredibly hard. A proper MP.
You are obviously not the main broadcasterâs cup of tea which makes you even better!
It is just very frustrating watching our lives disappearing down the drain.
And wondering how our own govt. can do this to us.
August 25, 2023
Sir John, I see Dom’s point as being that you continue to write and speak as if the party ‘in government ‘ was free to choose its policies. I don’t think ESG is government policy but it is massively influencing the future direction of investment. The same is true of ULEZ: it’s happening because the Socialist Green lobby wants it to happen, regardless of what the government wants. Maybe this Conservative administration should ‘take back control
August 26, 2023
Agree
August 25, 2023
I suspect he’s written it for the future Party Leader and Shadow Chancellor – in the hope that the WEF Puppets Sunak and Hunt are replaced with people who resemble Conservatives and Labour only gets one term.
August 25, 2023
Sorry, should have been a reply to Mark B.
August 25, 2023
It took 3+ terms before the Conservatives were fully returned after the foolish & pathetic John (ERM fiasco and not even an apology) Major buried the party. Sunak seems to want and be heading an even greater wipe out. I might not survive long enough to see a sensible government in the UK every again. Especially as Labour are likely to allow 16 year oldsâ vote and to rig the voting in other ways.
August 25, 2023
They were not returned in the third election, it was a cobbled together coalition with Lib Demâs. It was almost a quarter of a century before the Tories were returned and only because they promised an in/out referendum – else they would still be on the opposition benches – or maybe the cross-benches.
August 25, 2023
Oh please LL. There is no difference. Surely with your scientific fact checking memory you are able to deduct that Labourâs economic record is better than this socialist shower! Please read facts and records from 2010 and tell us which area is better or worse than Labour. Start with 70 year high taxation, highest debt, highest debt interest. Compare against what JRâs party promised. Then compare to EU compliance so UK is not more competitive than EU as Sunak recently promised! You would have thought giving away N.Ireland to EU, giving away our fishing waters and paying EU multiple billions would be enough. No, Sunak does want UK to compete with EU!
His record shows he is absolutely useless at economic matters, including âschool boyâ errors when not ensuring due diligence to the taxpayer for multiple billion fraud over covid and then Stopped investigations to recoup OUR money! Untrustworthy and useless springs to mind.
August 25, 2023
I agree the Tories under Cameron, May, Boris, Sunak have been truly appalling but Starmer will be even worse still.
August 26, 2023
Not based on record or fact.
Equally socialist and useless. Starmer like Cameron and May tried to overturn Brexit.
August 25, 2023
If we hadnât had the âGlobal Banking Crisisâ in 2008, Labour would probably still be in power. First past the post gives the incumbent government a huge advantage.
This run of Tory parliaments is about to come to a decimating end. With less than a 100 MPs, party membership will collapse and funds will dry up. Ambitious new people will join Labour. Labour will be mentioning âfixing the Tory messâ and âpaying off the Tory debtâ and âfixing the NHS after 14 years of Tory underfundingâ etc. etc. for the next 10 to 15 years. The wealthy will leave the UK and donors will be few and far between.
The architects of the demise of the Tory Party will be in their gold plated, very comfortable retirement and will look on in contentment as Labour finish the work they started.
August 25, 2023
In the last 100 years the sitting Government has been sacked 14 times and won 10 times. FPTP does NOT give the Government any advantage.
August 26, 2023
Pointless thinking back 100 years. That includes the aftermath of the First World War, the death of the Liberal Party, the rise of the Labour Party, the Second World War, the loss of empire and the social revolution of the 1960s. We live in a different world now – a world of mass communication etc. Think about the last 45 years.
1979 – Tory win after Labour winter of discontent fiasco
1983 – Tory win – sitting govt win
1987 – Tory win – sitting govt win
1992 – Tory win – sitting govt win
1997 – Labour win after years of sleaze and recession
2001 – Labour win – sitting govt win
2005 – Labour win – sitting govt win
2010 – Tory / Lib Dem coalition. Worth noting that, despite the Global Banking Crisis, Labour, the sitting government, only just lost
2015 – Tory win – effectively sitting govt win
2017 – Tory win – sitting govt win
2019 – Tory win – sitting govt win
2024 – Labour win – after Tory failures on the economy and immigration
I would have thought it was obvious that, unless a crisis of some sort occurs, then, as long as the economy is ticking along, the sitting government wins. And equally obvious that the sitting government controls the agenda and attracts more donors etc. until it all goes wrong.
Clearly, FPTP most definitely DOES favour the sitting government and, worse, makes it primarily a two horse race.
August 26, 2023
It does restrict the choice to two parties with smaller new parties excluded, so no progress will ever be made under this system. Same old, same old, every time and a wasted 80 seat majority proves they have no interest in governing for the people, just personal enrichment.
August 25, 2023
Mike,
Based on record. Taxes would be lower, debt would half what it is, immigration lower, sell out Brexit the same. What would be the difference? ESG in place by Blaire now fully through business to wreck our competitiveness and change to our socialist culture!
They painted Miliband as âRed Edâ and his energy policy as âMarxistâ. Then promised to build on it! They have gold plated every main policy of Labour/EU.
August 25, 2023
+1
August 25, 2023
Well done Sir John, you are nothing if not persistent and I sincerely hope your efforts pay off.
However, I suspect the current “team” of WEF Puppets and pretendy-Conservatives in the Cabinet will continue to ignore you and continue to follow the instructions they have been given to hobble the British economy. The IMF/WEF wants a recession and that is precisely what Bailey and Hunt are delivering for them.
In the last quarter the Eurozone went into recession whilst the British economy managed an anaemic 0.2% growth following 0.1% growth in the first quarter. And that can’t be allowed ….. it demonstrates that Brexit wasn’t the economic disaster the Remainers claimed it would be.
August 25, 2023
+++
And presumably if we didnât have an âownedâ press that news would be splashed across the front page?
It is all just so unfair!
August 25, 2023
Global subsidies for fossil fuels rose by $2 trillion over the past two years to reach a record $7 trillion in 2022, according to new estimates from the International Monetary Fund
“Subsidies for oil, coal and natural gas are costing the equivalent of 7.1% of global gross domestic product,” the IMF said. “That’s more than governments spend annually on education (4.3% of global income) and about two thirds of what they spend on healthcare (10.9%).”
Schraps’ Net Zero department has just given a ÂŁ20 billion subsidy for the fossil fuel industry’s unproven carbon capture and storage scam. His department’s support for the next round of N Sea renewable energy auctions has risen from ÂŁ180 million to a paltry ÂŁ220 million. This pathetic sum will not be enough to tempt renewable energy producers back into the N Sea after the Vattenfall fiasco.
The UK was once a world leader in renewable energy. Sunak, Hunt and Schraps will go down in history for sucessfully managing to kill off another British success story.
August 25, 2023
“Offshore Wind Subsidies per MWH Generated Continue to Rise.”
Note that it says CONTINUE to rise. Because they were already astronomical. So where is the “free” energy you claim?
https://www.ref.org.uk/ref-blog/370-offshore-wind-subsidies-per-mwh-generated-continue-to-rise#:~:text=Thus%2C%20the%20wind%20farms%20in,in%20subsidy%20per%20MWh%20generated.
August 25, 2023
How do you know it continues to rise right now when you quote something two years old. Did you ever learn to check the time relevance of the documents you bring as proof. Rather sloppy on the methodology side, arenât you âŠ
August 25, 2023
Would a UK subsidy to fossil fuels include the price cap on gas? Removing it in favour of renewable subsidies wouldn’t have prevented unaffordable heating for many last Winter.
August 25, 2023
Got a number for the Global subsidies for Renewables over the past two years SG?
I’ve not bothered to look but I suspect it will be very much more….and who is ultimately paying for it?
Well I don’t need to ask that, I already know….
August 25, 2023
Carbon capture is an integral part of the ârenewables scamâ. There is NO subsidy for coal, gas or oil. The amount of subsidy is undoubtedly correct but all must be attributed to the Renewables Column.
Can we afford it?
August 25, 2023
Totally wrong as usual. The claim that of vast subsidies for fossil fuels is based on bogus assumptions. They pay far far more in fuel duty, vat, carbon taxes⊠than they ever receive in subsidies.
August 26, 2023
More accurately, they pay bugger all in taxes, we the customers foot that bill.
August 26, 2023
Really, LL. Could you provide some hard facts or possibly some references for your assertions. SG provided his source ⊠you didnât.
August 25, 2023
SG :
80% of the worldâs energy comes from fossil fuels. So to destroy the use of fossil fuels, the very basis of our industrialisation and hence prosperity would be suicidal.
Even renewable electrical energy requires fossil fuels to power a parallel backup system because there exists no economic non-fossil way to store electricity at grid scale to counteract intermittency. As I write the 28 GW of installed wind power is producing 2.7 GW.
However, I will agree that the spending of ÂŁ20 billion on unproven and unworkable CCUS to reduce global CO2 emissions by 1% per annum is a total waste of money.
We should just be burning the gas unabated and increase the amount of plant food in the atmosphere to grow more food and prevent famines.
The wheels are already coming off the wind turbine bus as the real costs become apparent as evidenced by Vattenfall pulling out having spent ÂŁmillions and the industry asking the Government for a massive increase in CfD prices:
A Renewables UK press release dated 04/07/2023 says that they and two other renewable energy associations have written a joint letter to DESNZ/the Government urging them to make changes to their next annual CfD clean power auction.
Among other requests is that âthe budget for fixed-foundation offshore wind alone would need to be at least two and a half times higher than its current level to maximise the capacity which could now be secured in this yearâs auction.â
August 25, 2023
Sorry, reduce global CO2 emissions by 0.01% per annum (ÂŁ20 bn CCUS project).
August 25, 2023
Parasitic government and public sector are beyond reform. Both are of a size and momentum that cannot be reversed even if enough voters wanted it. I only know one other person except me that is not in receipt of some sort of benefit so most people cannot or will not live without thye cloying hand of the state. Debt, regulation and awful policies are killing the host as we can see in the daily degredation of services and of society in general. The only question is if the collapse comes quick enough to prevent the state wrecking even more of the country than it already has.
August 25, 2023
Will Liz Truss write the Foreword?
August 25, 2023
‘This will need targeted tax cuts and a pro business approach in government departments.’
Doomed to failure then!
August 25, 2023
I wish you well with your endeavours to get these sensible changes implemented. But I fear our Governments & politicians are now impotent. Non elected civil servants, BOE, public companies & organisations, charities & our legal system. Decide our futures to suit themselves. Not the British cash cow. Magna Carts was destroyed during Covid debacle!
August 25, 2023
I will read your new books with interest.
August 25, 2023
Thank you for doing your damndest SJR, but sad to say the sheep around you are not listening. When the wild dogs of election come they will be running over the fellside for their lives.
The people are alive to what they want and I hope they find the way to achieve it. So much of what government is doing is either just plain wrong or based on a misplaced religious zealotry. Reform have to keep telling it as it is, offering common sense solutions, and pace themselves to the GE 2024. Consocialists have made their case over recent years, you, I, and hopefully a majority have experienced it not working. You efforts prove you believe it isn’t working. I believe the electorate are ready to take a path more in keeping with their own instincts. Time will tell.
August 25, 2023
âA summer urging changeâ the whole point is no one voted for a Socialist WEF lead Government â we voted for the Conservative Party.
Conservative Campaign Headquarters (CCHQ) refused the voters, so does that mean they lied to get elected? The Conservative Party those that campaigned that form the membership have refused the people what they voted for.
Or in other words the electorate of the UK has been disenfranchised.
All the UKâs woes are tied up in the pursuant of extremist left wing agenda that puts the destruction of the very fabric of the UK ahead of everything.
August 25, 2023
Sir John, well done for effort.
Yourself and the handful of Conservatives still around in this once great party, have been hung out to dry â not listened to. The party is riddled from top(more at the top) to bottom with labour party rejects, rejected because they were to extreme to the left and anti UK.
August 25, 2023
It’s good that at least that our host has taken on the challenge to make the government ‘Think Again’, in so many ways.
I fear though he is a voice in the loneliness.
I hope the establishment do start to listen to the good advice, even if it is only to make some of their worst actions less painful, but from past experience I doubt that the rationality will be restored without a revolution of some kind.
Government, ministers, MPs the civil service and quangos have all forgotten whom they are supposed to be serving. Now they dictate to us.
I wish we could trust our government to do the right things, yet it appears that they are laughing at us as they stage their daily theatre. I am afraid I, and many others, have no trust in government at all, with democracy now being a sad excuse for what it was meant to be.
August 25, 2023
If anyone else in your government wanted to support enterprise, growth, company share ownership they wouldnât be reducing dividend tax allowances that persuade people to invest in small businesses rather than tie money up in tax free savings. These savings organisations are pressured into buying low return bonds from the government to spend on themselves and their workforce.
August 25, 2023
Dear Sir John,
I am 87 years old and have been a Conservative all my adult time. However, I did resign my membership after the debacle with sunak.
My only wish is that you should stop all this writing and get into government and do all your good things there,
IN GOVERNMENT. That’s where you should be, PLEASE.
Best regards,
Yours sincerely,
Stephen H. Barrington
Reply I am ready to serve but they do not offer me a Ministerial job
August 25, 2023
reply to reply – that shows how bad the debacle is !
August 25, 2023
I remain astonished by your industry and grateful for your insights and leadership. What a disappointment that with this government (and the Bank) it is too often a case of casting pearls before swine. Your commentaries though mean they are denied the option of ever saying they did not know.
Alas, there is unlikely to be a candidate standing in my constituency offering your policies.
August 25, 2023
You have done alone all the work that Government should do. Rodney and I are both staggered at both the quality and quantity of your output. Per hour worked I think you âearnâ less than an average NHS nurse.
I suppose you should not expect appreciation on this earth.
I suppose, looking at the decadent west, you canât expect them to implement any of these brilliant policies.
But truly this non-democracy that has been engineered means that for the first time since Cromwell, we would be better off with you governing alone.
August 25, 2023
With respect, Sir John, your main task should be stopping the lunacy of the economy destroying Net Zero Strategy â Build Back Greener. Everything else is like rearranging the deck chairs on the Titanic.
For instance you should stop the Government misleading the MSM and public concerning energy and power from renewables. Such as their press release âEnergy security boost with multi-million backing for renewablesâ issued 03/08/2023 where they claim that the AR4 auction for â11 GW of low carbon capacity will generate sufficient electricity to POWER 12 million British homesâŠâŠâ.
https://www.gov.uk/government/news/energy-security-boost-with-multi-million-backing-for-renewables
This is simply untrue.
11GW may, in a year generate sufficient ENERGY for 12 million homes, although my calculations show this to be insufficient by some 20% but far more importantly the 11 GW of renewables are totally incapable of providing the dispatchable (always on demand) POWER required for 12 million homes because of intermittency.
Looking at the wind and solar data for 2022 you can find instances where the 42 GW of installed renewable power generates just 0.5 GW.
No-one in the UK expects their power to be intermittent.
The MSM and public need to be told this information to realise that renewables cannot operate without a parallel fossil fuel backup system in place. There is no plan, even in 2050, for non-fossil fuel grid scale storage because it is so hideously expensive.
August 25, 2023
Off topic, a letter to the Belfast News Letter:
“It is a pity that Steve Baker did not come clean and admit that the “Conservative and Unionist” government of which he is a member intends Northern Ireland to be run as a “condominium”, with sovereignty shared between London and Brussels and the latter’s local subsidiary Dublin, at least until such time as this contested territory can be formally ceded to the Irish Republic.
Something like half of the goods exported overland into the Republic have been produced locally, and unless there is a system whereby necessary EU checks and controls are applied specifically to the exports – and only to the exports – all goods production in the province must remain subject to EU law under the supervision of the EU Commission and ultimately the EU court.
Only last October Mr Baker was arguing against the supremacy of EU law in Northern Ireland, but now he rules out any change to that constitutional abomination, so what has changed?”
August 26, 2023
What has changed? Pretty obvious, he is now a minister and has a big government car which they love more than principles.
August 26, 2023
Denis .. NI remains in the SM for goods thats all so why make a big deal about it. Another thing all talk about NI being ceded to the South is BS – it costs the british tax payer 20 billion pounds per year to support the place so there is no way the Southern Irish are going to take that on board – they might be a bit mad but they are not stupid so talk sense man.
August 27, 2023
“NI remains in the SM for goods thats all so why make a big deal about it.”
Because the UK is no longer a member state of the EU but part of the UK has been left behind still subject to EU law, that’s why, and I would have thought that was pretty obvious. So how do you think Steve Baker would have reacted if that arrangement had been proposed for Buckinghamshire, his part of the UK? It is outrageous.
August 27, 2023
I see this tweet from September 12 2020 displayed to the right:
“The EU is still trying to treat the UK as a colony. We left so EU law and their court no longer rules us. Parliament now decides on UK law and trade policy.”
But even now the EU is treating part of the UK like a colony, and Tory MPs have allowed it to happen.
August 25, 2023
Well done John, I just wish that they would listen to you, your ideas are spot on.
August 25, 2023
YOUR need it. ASH to ASH, DUST to DUST before the next election.
August 25, 2023
Regarding central banks, I still agree with Andrew Lilico that the Bank of England should not be independent.âHe argued it was a bad idea in 2008, before Gordon Brown did it, and still thought it should end last year:
https://conservativehome.blogs.com/centreright/2008/05/the-last-piece.html
https://www.telegraph.co.uk/news/2022/08/04/liz-truss-doesnt-go-far-enough-revoking-bank-england-independence/
I see little point in wider ownership when ownership is highly taxed.âCapital gains tax deters building and investing capital so instead we rely on debt.âStamp duty on house sales causes fewer sales, house extensions which spoil neighbourhoods, people in the wrong place for work causing either commuting or less productive work, reluctance to downsize and free larger housing stock, …âMore cost causes less consumption; so it is with property ownership.
Over the summer, I’ve read Schlitcher’s ‘Paper Money Collapse’, 2nd ed., and I’m about to start on Lyn Alden’s ‘Broken Money’, of which I have high expectations. https://www.lynalden.com/broken-money/
August 25, 2023
But we first need to have a political party that properly reflects the People.
The only way to achieve that imho is to get the Conservative Party in shape. It can only do this by deselecting the socialists. That means deselecting the majority of the cabinet, including the Prime Minister and many MPs.
That will force a general election which, I believe, a revived proper Conservative Party could decisively win once it is rid of failed policies and failed politicians.
This needs to be done quickly. Time is running out.
August 25, 2023
Like many this morning I agree that Sir Johns’ efforts for change in the way we are governed should be heeded . We cannot continue with the present Government and the mess that has been caused ; true that some of this has come from influences outside of our control but there is no excuse for all . Illegal migration is one , poor management at the BoE is another , lack of stimulation to manufacturing , the continuity of certain tax regimes are others . There have been so many mis- judgements and lack of corrections – all at the foot of 10 Downing Street . Apart from a revolt in the Conservative ranks I cannot see another solution .
August 25, 2023
I feel you have become persona non grata in Whitehall, SJ. Your ideas, suggestions and policy recommendations fall foul of the embedded antiquated idealism of those who really run this country – the Civil Service Mandarins.
I have no doubt they successfully dissuade any PM who wishes you to join the Cabinet for fear you will expose the frauds they are.
If only we had a PM today who had the bottle to challenge these unelected rulers, change for the better would happen PDQ. I still live in hope.
August 25, 2023
Talking about change – why can’t we join the BRICs?
Anybody know?
August 25, 2023
They will not have us.
First rule is âdid not implement sanctions on Russiaâ.
August 26, 2023
Why would we want to belong to that lot of Russian and Chinese supporters against the West? Only two of them have anything approaching a limited support for western values.
August 25, 2023
Could the Natwest/RBS do without a ÂŁ2.5m CEO? It seems amazing to me that these people are paid so much money. If she isn’t replaced for a year, it would be a good experiment on whether a business like that required one Head instead of just department-headed boards. What was she personally responsible for? Etc ed
Why do these people have 12 months’ notice in their contracts instead of just 12 weeks? Do any of them ever WORK out the 12-month notice?
August 25, 2023
But it would take a Conservative government to implement the policies you advocate, something we lack at the moment.
August 25, 2023
and now for some important news for those considering rejecting their MP:
from BBC website:
Severance pay for MPs leaving Parliament at the next general election is to be doubled, to more than ÂŁ19,000.
Former MPs will be paid for four months instead of the current two, while they close their office and manage the departure of their staff.
IPSA, the independent body that sets the rules for MPs’ expenses, said the current period was not long enough.
It follows a review of the rules following a public consultation that ended in June.
Previously, only those who lost their seat at a general election, or who stood down at a “snap” election, could qualify for the extra pay. But following the end of five-year fixed term parliaments, all MPs who are standing down at an election will now qualify. As before, those MPs who stand down before an election period will not receive the payment.
IPSA said the tasks departing MPs needed to complete included closing down their constituency offices, returning equipment, managing staff redundancies, and transferring constituency casework.
The watchdog said its “experience of previous elections” showed this process was taking longer than two months. It also said the handover process could be more complicated at the next election because of new constituency boundaries.
MPs are currently paid ÂŁ86,584 a year. The severance payment will increase from two months’ net pay to four, which on current salaries would mean an increase from around ÂŁ9,878 to ÂŁ19,756.
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So, you may want to show more sympathy before you cast them out.
August 25, 2023
quite relevant information, isn’t it?
18.09
August 25, 2023
Waste of time. Sunak/Hunt as a matter of principle wonât implement anything Liz Truss proposed.
August 25, 2023
Three papers on economics are surely the basis for a manifesto of a new center right laissez faire party Sir John.
The current Conservative party is unlikely to take on your ideas. Liz Truss was dethroned very quickly.
August 25, 2023
I look forward to reading them. Perhaps some of it will make it into the manifesto, although itâs probably too late for actual initiatives. The question people will have of course is why this hasnât happened already since these all sound like mainstream Conservative ideas!
August 25, 2023
The future SJR is a matter of whether you accept Conservatism as a philosophy or whether you are content to reside in a party that calls itself Conservative, but in no way, through its action, matches the Conservatism of Margaret Thatcher and most of those who served with her. She made the odd mistake, but most of us could understand what it said on the tin and agreed with it. Today we have lots of shiny labels on tins, but the content is anyones guess.
My judgement is that parallel none elected government realise the weaknesses since Brexit, of which they did not approve, and Parliament would not accept, have decided to impose governance the way they want it and to hell with the electorate. The bank deselection scandal is a classic example. This effrontary to democracy must be painfully corrected after the next election. Any continuance of consocialism will fail abysmally and a further fi7ve years will be wasted.
There are perhaps 50 real Conservatives left in this parliament, among whom is a lot of ministerial experience currently going to waste. Were they to remove themselves to Reform at a suitable point in time, they could reinforce their Conservative instincts and inject ministerial experience where it would be needed. I sense that Reform, thanks to Nigel, GBNews, and others are laying the path for the renewal of conservatism. When Nigel swept the board in the last EU election with his Brexit Party he proved it could be done and nobody saw it coming. You 50 all need to decide which is the most important, the philosophy or the name. For me there is little in the name, it is the philosophy that counts.
August 25, 2023
What makes you think that the Sunak/Hunt/Bailey triumvirate will listen to you? They haven’t so far. A rebellion by 50+ Tory backbenchers might be more persuasive.
August 25, 2023
oh john , they don’t care… Its all ego.
August 25, 2023
I am delighted Sir John Redwood is proposing policies to in effect renew and give fresh direction to the Conservative Party. After so many years in government (and with only some now expended ‘refresh’ from Boris Johnson with ‘Brexit freedoms’ and ‘levelling up’) the Conservative Party is in desperate need of a renewal and a refresh with an imaginative, novel popular/populist appeal before the next election.
The present position is so bad that not even Sunak’s supporters now dare (for fear of justified mockery) talk of a period of quiet, competent government, as they did in his early days a few months ago. He needs replacing now.
Furthermore renewal, refresh and a new direction all require a new Leader. It is only a Prime Minister who can lead the government and Conservative Party in the new populist direction Sir John Redwood advocates and I broadly agree with. While some potential Prime Ministers might do some of it, only Sir John Redwood as Prime Minister would enact all his programme. Nor is it as though John Redwood lacks the ability in other respects (e.g. negotiating with foreign leaders; running a Cabinet etc.,) to be Prime Minister. Accordingly I advocate Sir John Redwood should say (as he correctly did with John Major) that Rishi Sunak is only leading the Conservative Party to heavy defeat and so he should be replaced before that happens. So John Redwood should put himself forward as candidate for Prime Minister with his set of policies and alternative direction that would benefit both the country and the Conservative Party. I would fully support that.
August 26, 2023
Geoffrey
No more merry-go-rounds regarding PM’s please. Let us leave the Sunak the Usurper to his and his parties fate. They got their man and deserve all they get for it.
August 26, 2023
Those who don’t want a Conservative government after the next general election would of course want to see Sunak remain as Leader – he is ideal for them. However those of us who don’t want Labour and Starmer in power must face a short period of embarrassment from another swing of the PM merry-go-round reassured by the prospect that as in 2019 at the subsequent general election most of the failures of the previous Prime Minister (then Theresa May) would be forgotten and all the focus would be on the present Prime Minister (then Boris Johnson who nevertheless won).
August 25, 2023
Excellent.
August 25, 2023
Yes, and it is crucial to document what conservatism, capitalism and democracy is. Future generation can be ignorant of past knowledge. For instance Russia has failed to get to the moon. It has lost the knowledge it once had. They also forgot what capitalism was and were suckered to accept corporatism by the west after the fall of the USSR.
For our people to have a chance in the future, all we know must be documented and with proofs that it works e.g. low taxes produces more revenue, because its counter-intuitive.
August 26, 2023
Corporatism? Gangsterism a more accurate. They were suckered into nothing by the west, it was every man and fraudster for himself and resulted in oligarchs stripping out the wealth.
August 25, 2023
\Do you have any evidence that these will produce desirable effects for any other than top Tory donors and the already well-off? Past history shows they will not.
August 25, 2023
Past history shows that they do! Why do you think the people wanted Mrs Thatcher to continue indefinitely? She never lost an election and indeed won the 4th in a row, for Major.
August 25, 2023
Well done Sir John. I applaud your relentless campaigning on this. I hope that you are also finding time to gently persuade and convince more and more colleagues within the PCP to get behind what you’re proposing. Exciting stuff.
August 25, 2023
Simon you know what they are. You cannot reason with them. They must be changed. The FA should be leading this effort.