A consumer driven economy is a tougher proposition for risk but efforts of the Government is driven by the needs of the consumer in an attempt to build confidence for risk takers they are stripping bits of skin from the hide of nearly everyone by a) providing a corporate tax rate that is perceived as “being cut” therefore attracting capital investment, although so far results are questionable at best, and b) not adjusting the 40% rate of income tax so the pool of those affected in a 5% inflation rate economy, broadly increasing the tax take of the many for the benefit of a very few who could otherwise contribute to the society enjoyed by the people they employ.
Working conditions are host to much time over maybe 30 years or so of our lives. Working in inhumane sweat factories or unhealthy conditions is a tax on the flesh of those bringing up the children whose random distribution of intellect and opportunity may or may not intersect. It is the meeting of the intelligent children with increased opportunity that can provide the competence for a better tomorrow. Short changing education by effectively placing an advertising business between quality vs quantity equations – decisions that affect our trend in nature.
The problem with non-interventionist governments is that they tend to be the more interventionist in consequence due to the austerity they believe will balance the books in our favour sucking the confidence producing pheromones that do excite demand. You are not driving a vacuum cleaner more efficiently by putting more fluff on the ground so you feel it is cleaning more effectively.
More succinctly, the increase of demand without the balance of utility, is the enslavement of everyone. We have left and right wings for good reasons, society is more complex than an equation or a formula. The National Health is important as a sign of the very human value – diversity. We are the one species that is aware of the value of it. It is democratic to value each human being equally, but to reward them in a consequential way, and what eats at the heart of consumer confidence is hearing how bankers must be rewarded with amounts and tax avoidance by companies taking advantage of our labour is a sign that we as consumers are simply consuming the wrong things.
Why deal with an organisation that reduces our national savings? Our pride as a country is a pride in qualitative values, British Made used to be a mark that inspired confidence. We achieve this via actions not dangling carrots in front of the already greedy entitled few. That they control the public levers of wealth to their private benefit in a disproportionate way should provide them with an opportunity to aid the treasury knowing it was at least providing for the health of all with equanimity.
It is that covenant of looking after one another that is evaporating as consumers are being bled dry on both fronts – as inflation is descending (artificially raised anyway by an increase in VAT, so you have to examine the trend)