Hull City Forum

I am so sad that you can’t see how we have gone from being the worlds most productive country in the industrial revolution to languishing as the lowest of the G20 and how that impacts our ability to fund such things.

Years ago you had a boss an owner and a couple of managers then loads of people value added. Same was true of public services. Now they are away with non-jobs and wasters.

Recently I reported a cracked manhole cover to our council.

All it needed was someone to go to the yard and bring a replacement - they are pretty standard right? As the new one was pulled the supplier would no doubt get an electronic order to supply another and invoice electronically.

JOB DONE

Or not....

How about cone off the road four groups of people visit, reams of paper work filled in no doubt, three quotes, work team come to look, go for lunch, backwards and forwards for 16 fucking days....

This dark matter which the whole UK plc thinks is okay and normal is why no one has a REAL just b anymore and we can’t afford to do anything right.

Fuck Punch and Judy....

Need a war on waste.  

Why does no political party know and work on this?  

But the facts show the opposite, Obi old bean.

Apart from the Duke of Westminster's family and their inherited property wealth, Britain's top 20 wealthiest residents have all made their money through 'building factories'. Former Beverley Grammar student, Jim Radcliffe, is the wealthiest Briton through precisely building many factories that produce pharmaceuticals on a global scale.

The middle classes' wealth is more dependent on buying shares with low risk and a guaranteed return, via their pension funds and cash savings accounts, than what you term the 'ruling class', who are more likely to risk their capital.

Would you want your pension staked on building a factory in Wales that produces steel at higher prices than Sweden and China, for example, or would you prefer it invested in Apple with guaranteed dividends and no chance of it going up in smoke?

Sure, your pension couldn't fund a factory, but a million pensioners' could and are you/they prepared to risk their wealth for the good of British capitalism and economic growth?

It's easy to tell others how to spend their money, but should we do it if we are not prepared to do it with our own? Through your investments, public and private, you are a capitalist no less, albeit on a smaller scale.



ESSEX GULL

JCB/Anthony Bamford investing £50 million in a new factory to be built in Staffordshire next year.

How many factories are the UK top 10 pension funds investing in? Or have they got the majority of their £400 billion worth tied up in long end, low yield government treasuries that add nothing to the economy now?



ESSEX GULL  

You're using unnecessary pedantry.

I'm stating you were wrong to imply that the ruling/wealthy class sit on a pile of locked away cash that doesn't benefit the economy, this assertion is a Dickensian stereotype and the truth is actually the complete opposite.

Radcliffe, worth an estimated £20 billion, will probably have £1 billion in locked assets such as property and boats etc, with the remaining 95% of his wealth actively working in the economy of his companies. The average British skilled/professional class man will have around 90% of their wealth tied up and economically inactive in their property, cash savings and low risk pension funds.

If you genuinely believe that money should be freed up and invested in the British economy, you need to encouraging your peers to remortgage their homes and cash in their pensions early and then take a risk on starting a business.




ESSEX GULL  

Radcliffe doesn't have £20 billion sat in a bank account. He owns a company of what his share is currently valued at that. If he took his money out, the economy would be far worse off.

I mentioned JCB as a second example of a British industrialist invested in the UK. They pay half a billion in tax every year and employ 12000 British people in professional, skilled and semi skilled capacity. Not sure why anyone would begrudge this company, the family who own it or it's effect on the British economy. Do you really think any British government or state employed project manager in the last 3 decades could create the same?

Current British politicians of both sides don't seem that they will be happy until the main sources of employment in the UK are 'cash in hand' taxi drivers, mind how you go civil servants and talking heads paid by the BBC telling 45 million people how privileged and racist they are.


ESSEX GULL