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Greg Greg
The Telegraph
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Comments by "Greg Greg" (@SlowhandGreg) on "Are family businesses being destroyed? | The Daily T Podcast" video.
Neither has my isa money Or The added value on my house created by decades of government policy designed to keep asset prices rising
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I don't pay tax on my sipp or my isa savings or the inflated price of my house due to government policy The bulk of my savings are curtesy of low income tax due to oil money and asset stripping during the Thatcher years and the inflated value of my home down to policy designed to forever increase asset prices. I even got a grant at university
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It depends on the infrastructure investment and supply side reform. 3% inflation isn't bad in itself if your getting positive wage growth We've had 14 years where disposable income has declined by on average 10% with government policy deliberately suppressing pay in the public sector and using immigration keep it low.
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@LA-fr7fx so a rule of thumb money spent on public sector wages generates a minimum of 0.8 in terms of a an economic multiplier, so spending 10 billion through incresed economic activity it generates enough tax and spend that the real cost is 2 billion. Here's the rub though cutting spending can have a > 1 effect, analysis of Osborne's Austerity put the figure at 1.6 An example is defunding the justice system, outsourcing parole function and creating private prisons. You have inefficient use of resource, incresed crime which affects gdp and reduces productivity.
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@LA-fr7fx I could reduce customer spend on energy dramatically by using the government to invest in mass storage at both the grid and customer level we have the tech just not the will. That would increase both companies and people's spending power and reduce costs. So for say a 30 billion investment I'm reducing customer costs by 20 billion a year and paying for the investment by increased gdp and productivity over time
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