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
Published:
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
Published:
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
Published:
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
Published:
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/
Published:
Original Broadcast: Thought for the Week
Liz Truss and Rishi Sunak are both understandably focused on the UK economy, challenged by massive public debt and soaring inflation, but who will tackle the 'elephant in the room' of the gargantuan health and social care budget, which has resulted from seventy years addiction to socialist universality? We update our proposal first made in June 2018, since when the cost per adult of health and social care has doubled. Background music: 'Addicted' by VYEN
Published:
Original Broadcast: Thought for the Week
Publication of the Austin Report by HM Treasury should herald a new era for a vibrant UK stock market and much greater profile for personal investors. However there needs to be significant improvements for the latter, including strengthened rights to share owner communication and voting for those whose holdings are in nominees, normalising the threshold levels for partaking in circularisations and resolutions, and the ability for personal investors to take part in the 'rump' sell-off of nil-paid rights so that personal investors as a genre are not diluted. It's a time for change .. Background Music: Hopeful Freedom by Asher Fulero
Published:
Original Broadcast: Thought for the Week
People come in all shapes and sizes, and there are many people who have that strange combination of seemingly boundless energy and inherent unpredictability which are found in Mr Johnson. People who are more measured and reliable find them intensely frustrating, but there should still be a place for unconventional people, albeit not as prime minister. In this episode we find other examples in history of unconventional individuals who were also not accepted by many of the people with whom they worked, and we look not so much at weighing their offences but counting their merits in asking how the undoubtable strengths of someone like Boris can work for the benefit of all. Background music: 'Enable the Tiger' by JAde Wii
Published:
Original Broadcast: Thought for the Week
The Bank of England expects the price inflation peak to be high, but short-lived: however if it feeds into wage inflation it could seriously undermine both national debt servicing and the property market: that's why the Government appears to be adopting a tight fiscal stance and announcing a large reduction in the civil service. Carefully targeted support with the swiftly rising cost of living is urgently needed for those most in need and, if the Government can't or won't respond, it could be enabled through the voluntary sector: with Government acting as catalyst. However this is a role to which they're not currently accustomed. Background music: 'Everything has a Beginning' by Joel Cummins.
Published:
Original Broadcast: Thought for the Week
Will Johnny go marching home, after this awful set of mid-term elections for the Conservatives? He has the intelligence needed to steer this country forward, as he's shown with both Brexit and the Covid-19 vaccine strategy. However, he has a major handicap: he not only lacks a firm foundation in Conservative values, but he's also prone to falling foul of the cult of personality. As he can't seem to get to grips with this handicap, the Conservative Parliamentary Party should take steps to build a new leadership to move it forwards, closely aligned to its core values. Background music: 'Johnny comes marching home' by Cooper Cannell
Published: