Original Broadcast: Thought for the Week
New Year resolutions are in the air, and both Sunak and Starmer set out theirs in speeches on 4th and 5th January respectively. Much of the media reporting was drowned out by Harry's book and associated interviews, and headline objectives such as halving inflation and restoring growth were somewhat 'motherhood and apple pie'. But dig deeper (there are links to the full texts in the webpage commentary) and there are some gems to be found, although they still merit some close scrutiny. However George Bush's 1988 quote seems to encapsulate their performance: 'What's wrong with being a boring kind of guy?' Background music: 'Resolution' by Wayne Jones
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Original Broadcast: Thought for the Week
Last week's rather under-stated 'Edinburgh Reforms' will pave the way for a major step forward in the UK's contribution to global financial services. In what Mark Austin describes as a 'Darwinian evolution', this broad set of regulatory changes not only frees the City from decades of living under the European Union umbrella of directives, but also continues with measures to ease over-reaction following the 2008 financial crisis. Background Music: 'The New Order' by Aaron Kenny
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Far from digging the UK out of the mess that seventy years of socialist welfare have got it into, our new Conservative government seems intent on burying us still deeper. Of course fiscal responsibility must come first, but why perpetuate the myth that everyone, including the wealthy, must receive equal free rations: even if it significantly reduces the amount of public resources available for those most in need? At least the NHS in Scotland has heard the message, even if politicians across the board don't understand (or is it just electoral bribery?). What we really need is a strategy for individual freedom within an egalitarian society — we're a long way from this at present. Background music: 'Freedom?' by Dan Lebowitz
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Following the past few turbulent weeks on stock markets, the launch of a new training course called ‘Investing Basics’ by the UK society for individual shareowners 'ShareSoc' comes at a good time. It will both remind seasoned investors of good practice, and help newbies understand the dynamics of the markets and the potential for good investment. After setting the scene for a fresh look at investing prospects, we invite you to find the links to the ten-video series here, via the webpage version of our Thought for this Week. Share Radio webpage for full commentary and links (incl. the videos): https://www.shareradio.co.uk/thinkingaloud/newsletters/comment-wc-2022-10-31/ Background music: 'Dark Alley Deals' by Aaron Kenny
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As Rishi Sunak steps into the lead role in British politics, we look at the educational choices which have paved the way for him, and discuss how the search for a more egalitarian form of capitalism can reconcile opportunity for all with individual freedom. The degree to which parents take responsibility for that education, as Rishi's parents did for him, is critical — and that poses a significant question for the huge numbers of young people who are not enjoying a traditional family upbringing. Background Music: 'Everything Has a Beginning' by Joel Cummins
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Our new Chancellor of the Exchequer, formerly the longest-ever serving British Health Secretary, is uniquely well-placed to understand the burden that universal health care provision places on the public finances, and why we must crack this 70-year addiction. In this episode, we analyse how heavily this burden is impacted by care for older people, many of whom are well-placed to be able to cover the costs which they incur. Now is the time to take a fresh look at the 41% of central government spending committed to the health service — we propose that in future there should be an intelligent use of mandatory private medical insurance for those who can afford it, with the NHS drawing down the cost of their treatment from their insurer, as it’s incurred. (* 'FCE' stands for 'Finished Consultant Episode') Background music: 'The Plan's Working' by Cooper Cannell
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Original Broadcast: Thought for the Week
The past seventy years have seen remarkable progress in so many areas, but they have also been accompanied by a growing addiction to debt. We've lost connection with the disciplines which should govern the use of debt: like the road runner who has just lost touch with the cliff edge, there is no longer any solid ground on which we can land — so we must now anticipate painful re-adjustment as markets fall. We need to move to a mindset where debt is a form of investment for the future, to be drawn down carefully and sparingly — not to be used either for chasing higher and higher prices, or for incessant Government bail-outs. Background music: 'Addicted' by VYEN
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Original Broadcast: Thought for the Week
There's a key missing link in Kwasi Kwarteng's mini-Budget strategy — workforce capacity. The unemployment rate is already at a record low of 3.6%, with many more vacancies than job-seekers: if we don’t tackle workplace capacity, the new Growth Plan won’t work. However there are initiatives we can take at both ends of the working age-range which could increase the available workforce by at least half a million people, together with significantly improving mobility for young adults to take advantage of work opportunities wherever they arise, and reducing public expenditure on health and care services. So, while the current focus is understandably on Government borrowing and the exchange rate, we must increase workforce capacity for the Growth Plan to succeed. Background music: 'The Plan's Working' by Cooper Cannell
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Original Broadcast: The Financial Outlook for Personal Investors
If you missed Kwasi Kwarteng’s speech on Friday 23 September, here’s the opportunity to hear it in full, as delivered.
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Janice Turner's strikingly clear article in Saturday's Times (13/8/22) sets out why young people from low income households have such a struggle finding stability and economic security, after years of student debt, soaring house prices, and a much higher risk of split parents. In 2010 David Willetts' book 'The Pinch' was published, setting out the huge generational divide at that time: but over the past 12 years, the position has deteriorated significantly. Will Liz Truss call for change? Background music: 'Land of My Fathers' by The 126ers Links via https://www.shareradio.co.uk/thinkingaloud/newsletters/comment-wc-2022-08-15/
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