Can we build our way out of a recession ... bbc news 10pm

IMO - No
We need industry, which creates jobs, people then have money to buy, which then leads to industry which leads to jobs ..........
Then people earning pay taxes to government which pays their debt
The news said in the 1930s it worked because building houses created private investment ...yes but then it was GB private investment ... today investment comes from abroad and monies gained flows out the country!!

 

Todays construction industry seems to be controlled by European finances and built by European workers.
Ergo - the Dole queues will get no shorter and the money will disappear abroad.
The houses being built tend to be Executive types.
We had a quote recently from Persimmon Homes that said there was no profit in first timer houses and they were only building 3 & $ bed Exec. property, which are still selling at value.

 

There is a case for building to get us out of economical rut. I think it's along the right lines.. you have to spend money to make money.

However it must revolve around the tertiary industry.. for example shops, bars, and leisure in general.

Liverpool one is a great example of how building has really helped the local economy.

Building on a national scale will modernise and bring further potential to increase infrastructure, and bring cities and towns into the modern age.

Also it will provide much needed jobs all round.

 

• But surely we can become a nation of shops and leisure....

 

sorry i should have said we should NOT become a nation of shops and leisure

 

Well that's the industry now, and that how we are going to make money.. unless someone comes up with an original strategy.

 

Bring the law back where you are not allowed to take more than £300 out of the country

A dodge by immigrants from Eastern Europe at the moment is, to work here, along with five friends or more, all living in one flat (hot bedding night shift day shift)

As they have not earned here before they can also claim the full tax credits of £60pw ontop of their wage, they then go home after ten months for a two month holiday, and as such they claim all of any tax paid back, then they return after the holiday and start again

So work tax FREE, get additional working tax credit, save cash by spending little here ie sharing accomodation, eating little, and sharing a tv

After three years, they have had a three bedroomed mansion built at home, along with a very expensive to us car with OUR MONEY

They are contributing NOTHING to OUR economy and the earnings are leaving the country along with the Gov tax credits, Thus our country is losing vast amounts of cash abroad

Whereas I do not need to explain, A UK citizen, earns and pays tax on the earnings, then everything they buy they pay tax on, the manufacturer of the goods bought pays tax on that too, so money does not really exist, UNTIL it starts leaving the Country

Jack McH

 

I work for a small company that is growing rapidly due to one huge client. That one huge client is based abroad, so in effect, the small company I work for is a route for foreign money to come back into the UK.

I happen to know that the company I work for is not unique in this.

We can't build our way out of recession exactly, but if its done right, it will attract investment.

We've recently heard about a huge investment in the rail network. About time. That will mean, among other things, that business execs trying to decide whether or not to open a new office in Leeds or Manchester (for example), as they know that they need people to be able to get to work.

I can give a local example. The river Tees, especially as you got down to within 5 miles of the estuary, used to be one disgusting filthy place. It used to be rumoured that if you fell in it, your rescue would feature a hose down followed by routine stomach pump as a precaution. Now its been cleaned up, redeveloped, and along the banks now there are expensive office blocks that companies are practically fighting over.

 

Of course we can. Starting by coming out of the EU,

 

Rail investment, where the trains may be built in Britain, but the profit goes to the German company

Improvement on the Tees, a bit like the wear, where we once built great ships are now expensive empty office blocks or high rise flats

Jack McH

 

I'd say we should invest in renewable energy, particularly offshore, like tidal power, then sell it back to Europe. Not going to happen though

Britain is still full of clever people who could create new technology, company's etc for the future, if production was cheaper/closer than china then that would create thousands of jobs and make Britain an exporter again.

 

We need money in peoples pockets, which then they will go out and spend it
It's a big catch 22 situation, no money no spend= no buy no growth

 

If Britain is to reemerge from this mess it needs the right people to make the right desisions for the right reasons.
Sadly the people who make these desisions are the complete opposite kind of people who are needed.

 

But the workers are in Britain, getting paid in Britain, and spending most of their money in Britain. After working hard to earn their money, they will no doubt fancy a pint or two, in a British pub. They will pay taxes into Britain etc etc.

The offices along the redeveloped banks of the Tees are mostly owned by Durham university. Universities bring loads of money back into the country. Universities are businesses. British students get charged a fortune, but foreign students have to pay a lot more. All money coming into the country.

Then there's the water sports facilities they've built. Apparently to international competition standard. That suggests that more foreign money comes in. I happen to know that the Tees alone brings in loads of money from abroad, because that's where most of the regions exports leave from. Granted many of the companies doing the exporting are foreign owned, but as long as they here, they are paying British staff, funding British infrastructure etc.