To: The Government, the Exchequer and Ed Miliband
Make Britain Prosperous Again
- The Government needs to invest in renewable energy and own these assets.
- It needs to separate Capital Investment from the current account revenue and expenses.
- The Investment Account needs to be ringfenced from future government's being able to sell those assets off.
- Instead of selling off licences to develop offshore oil resources or wind farms, the Government needs to retain ownership and enjoy a portion of the ROI, while allowing the corporation to reinvest its profits in expanding its function. It should be independent of shareholders or stock market influence.
- These new nationalised industries need to be run by nearly independent National Corporations with a very strict, very limited range of issues over which the Government can interfere. Their remit should include developing a strategic responsibility for energy supply and energy storage to smooth the peaks and troughs associated with renewable energy sources. It should invest in its own future, through education and research to scale up to industrial scale the use of hydrogen as a means of storing energy, and the use of gravity systems to make use of the lakes in the UK.
Why is this important?
Energy is the foundation of all economies. Independent control of energy determines the independence of a nation. It channels all the political energy sucked out by the political right into a constructive direction to create jobs, cheaper energy and create a widespread base for economy to make the UK's industries more competitive and to reduce the UK' appalling balance of payment's deficit.
The UK consumer economy is on a trajectory towards the increasing poverty of its citizens.
The balance of work needs to be redirected towards genuinely value added activities rather than consumer, administrative or other non productive employment. Value added activitities reduce dependence on goods supplied by foreign sources or create goods for export.
An expanding economy creates jobs: a declining economy relies on cost cutting including putting people out of work and dependent on the state or their savings.
Cost cutting has been the go to policy of private corporations, whereas prosperity relies on work and opportunity being widely spread throughout all classes in the community.
Innovation is needed and innovation requires nurturing rather than being for sale on the world market.
The UK consumer economy is on a trajectory towards the increasing poverty of its citizens.
The balance of work needs to be redirected towards genuinely value added activities rather than consumer, administrative or other non productive employment. Value added activitities reduce dependence on goods supplied by foreign sources or create goods for export.
An expanding economy creates jobs: a declining economy relies on cost cutting including putting people out of work and dependent on the state or their savings.
Cost cutting has been the go to policy of private corporations, whereas prosperity relies on work and opportunity being widely spread throughout all classes in the community.
Innovation is needed and innovation requires nurturing rather than being for sale on the world market.
