Job creation, 22 carat

China is probably moving towards using its own currency for international exchanges, but reluctantly. It now encourages its own population to buy gold, whilst forbidding its export. Possibly with the intention of using it to back its own currency. The use of the dollar for international trade is no longer viewed favourably by China, as it allows the USA to create money to buy oil, and the cost is born by the lowered value of everyone elses dollar holdings. The revolutionary government will follow this example, by encouraging the manufacture of jewelery. Hall marking will be free for 22 carat gold, and where the value of 22 carat gold included in jewelry exceeds one third of the selling price, it will be VAT exempt. Exports will be allowed, and given that England has many skilled jewelery makers, this should create many jobs, as gold flows into the country and is paid for by jewelry flowing out. I am sure that those with money will also take the oportunity to buy the occasional item.

Workers supplement

Working tax credits to be phased out over a year and replaced by a workers supplement in the form of silver coins called shillings, worth £5 at the outset, but the exchenge value will be adjusted so as to maintain the purchasing power in the face of inflation, so becoming £6 in about 6 years.

China now sees western currencies as simply representing government debt and has reached an understanding with countries such as Brazil, Russia, India, South Africa, The United Arab Emirates, Chile, Iran and Japan to use their own currencies, or barter, instead of the US dollar for international exchanges. We will need to have something these countries want if we are to continue to buy from them. Although to begin with the shilling will have value because it can be exchanged for the pound, in a few years the pounds value will be supported because it can be exchanged for the shilling.

The workers supplement will be paid pro-rata for part-time working. The full rate will be for full time on minimum wage to minimum wage plus 30%, and above that it will reduce by 14% of your income above 1.3 times minimum wage, so it will reduce to zero at about 500 pounds a week.

The supplement is only for certain types of worker. Those who work in industry or construction and who do the actual work, including maintenance, cleaning, but not what might be described as office or management work. Farm workers who actually do the real work are included, and telephone switchboard operators, and call centre operators who recieve calls from the puplic.

The idea is to encourage home manufacture of goods instead of impoting them from china and the like. Call centres are another type of job that is leaving the country. But the new govenment will encourage telephone operators based where the real work is done rather than call centres, except where it is geuinely a central place of allocation.

The jobs excluded are the service industries, office jobs, and shops. Jobs working on computers, are excluded, but manufacture maintenace and repair will be included.

Repair work of all kinds will be included, this is usually better for the environment and often saves on imports.

Financial Services Authority

The Financial Services Authority (FSA) will be abolished by the Revolutionary government, and the banks will be regulated by the Bank of England as before.

The banks will be restricted to banking. Depositors money is to used for loans to real businesses, such as factories, retail shops, haulage companies. Real physical businesses, not fronts for financial concoctions. A proportion may be lent to builders and for bridging loans, home improvements, and the like. A reserve must be invested in ‘safe investments’ such as UK government bonds, large establshed UK company bonds, deposits with the Bank of England. No gambling type activities on the FOREX hedge funds futures etc. Banks may own the buildings they use and have a tiny property investment portfolio. They may make new loans for house purchase or provide consumer credit.The amount banks can borrow will be controlled.

Mortgages will be provided by building societies, and consumer credit will be provided by credit unions, or savings and loan companies.

Clamping and towing away.

The Revolutionary government will simply outlaw clamping. Just as it here in France.

Towing away should only to de done by council employees or the emergency services, when actual danger or serious inconvenience exsits.

If the police find a driver unable to drive, for example uninsured, banned, failed a breath test, it doesn’t follow that the vehicle should be automatically towed away. If an alternative legal driver can be found, or the vehicle could be simply collected later if the driver can sort the problem. Pay his insurance for example, or call a towing service himself. It is not good for police, public relations, for the police to be seen to be issuing punishments, rather than reporting offences, for the courts to deal with, wherever this is possible.

It doesn’t look good for the the authorities to crush cars for fiscal offences either. It’s anti-environmental, arbitrary and thuggish. This will be stopped.

Right to be poor, taxation, fines

The right to be poor, means your money should be yours to spend. You shouldn’t be discrimated against because you can’t afford everything, and you centainly shouldn’t be forced to pay for the best for someone else. A rich person might have a new large flat screen TV in each room, in all his houses, and Sky, but the poor person might only have one second-hand TV. and freeview.

So why does the poor man pay the same for his TV licence.

TV Licence to be scrapped and replaced by a tax on television receivers and television subscriptions such as Sky.

Fixed penalty fines to be limited to £ 20 maximum, and only to be issued by the government.

No private company to issue “fines”, not for any kind of breach of contract, only to charge actual reasonable costs.

Suppression of credit cards

Right of consumers to give up a credit or store card. The issuer of the card must give a month with no interest and no payment due, and then the interest is to be reduced to 1% per month. The issuer of the card is to refund any default charges over the last 2 years and capitalise any arrears. The issuer must offer a debit card as replacement.

No new credit (as opposed to debit) cards to be issued, and no credit limits to be increased on existing cards.