How can work to revive animal lives in the United Kingdom

Welcome to your return. Next week, the first anniversary of the UK’s Labor Party’s return to power after 14 years of opposition. Economic growth is the “first mission” of the government, according to Prime Minister Sir Kerr Starmer.

This week, I evaluate the progress of the Labor Party in that task, or determine what you should do after that, with the help of prominent thinkers in the British economy, making five political recommendations.

Since work reached power in July 2024, the UK economy has grown 0.89 percent until April this year. There are more than a quarter of a million salary employees, according to the May 2025 data from HMRC. Economic activity has decreased in all major sectors, and business confidence and consumer have been settled.

Britain has been subjected to global economic uncertainty. However, the numbers so far reflect poorly against the government’s mission.

Part of this is due to the business growth strategy. “Her focus was an investment,” says Gayls Wilkes, an older colleague at the Government Institute. “This means putting money towards public services, infrastructure and defense.”

As I explained in June 1 of this newsletterInvestment lack is essential for British productivity growth. Assuming that the money allocated by Chancellor Rachel Reeves is spending well, the growth rate must increase in the long run. But the government has not done much to increase economic activity in the short term.

In its first budget in October 2024, the Labor Party raised daily spending on tense public services in Britain. After she promised not to increase taxes on “workers”, she chose to cover the shortage of spending by raising fees on employers, investment and wealthy people. Reeves also left a small insulation against its main financial base to balance the current budget.

Leaving this government depends on growth to increase revenues and maintain the financial hall. But with the high taxes that exert economic activity in the short term, and the collection of the labor growth agenda in the long term, this strategy was revealed.

The temporary store is under pressure. And the modern U-Juns account on the planned discounts to fuel payments in the winter and social welfare, the party is struggling to achieve savings. This maintains the highest ghost of taxes, which attract companies and investment more.

Unless economic activity is decreased soon, Britain risks a deeper decline in a vortex of increasing and low growth.

“The key now is clear and consistent signals for companies, market and investors that the environment in the near future will be more predictable and business friendly,” said William Wright, the administrative director of the new financial thinking center.

Basically, the work needs to revive animal lives quickly, at a cheap price and without disturbing more voters. how? I asked the UK policy experts. This is what they said:

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Turbin planning repairs

The government has made efforts to simplify the planning system, but Sam Dumitrio, the head of policy in Britain, says he could be more ambitious and targeted.

It urges the government to simulate New Zealand and “automatically gives permission to plan for a new housing from six to eight floors in expensive cities near the good infrastructure of public transport.”

Likewise, Ben Hopkinson, Head of Housing and Infrastructure at the Center for Policy Studies, adds that the UK should return to the explicit linking housing and infrastructure projects. From the 1980s to 1933, a metropolitan railway will buy the ground near the proposed train routes, expand the railway and then sell lands of the higher value of development.

“Approval of major infrastructure projects today cannot approve up to 500 homes, which is very low, this capacity has not been used almost,” says Hopkinson. “Housing can cancel this limit tomorrow. This would enable new houses along with the new supportive infrastructure.”

Reducing or canceling stamp fees on stocks

The Duty Duty Tax is imposed on the purchase of the shares of the UK listed company by 0.5 percent. There is no country with a The main financial center It receives high transactions such as Britain, if any.

A 2024 study by Oxera I found that the tax reduced the total retirement pension savings upon retirement, and raised the cost of fairness and capital expenses limited.

It is believed that the cancellation of SDRT can raise the gross domestic product permanently by 0.2 and 0.7 percent. For evaluation, this annual tax may be raised to 6.8 billion pounds. SDRT currently gets 3.8 billion pounds in receipts.

“Innovation visa”

The UK has one of the most expensive pets for talented and skilled individuals through advanced economies.

Anna McChan, the new Think-Hink Project Foundation, recommends a special offer Da`wah visa form onlyBased on the national innovation visa in Australia.

Even if it is for a limited period only, it will provide a fast and fast way for talented individuals to work permanently, conduct research or start business in the UK’s priority sectors. As regional centers for innovation, global universities and research institutions in Britain can help their management.

Tim Lyong, the chief economist in Nesta, adds that giving heavy research universities the ability to issue visas will encourage them to reveal talents worldwide.

Reform the edges of the abyss in the income tax system

The defect in the income tax system in Britain leads to a punitive marginal tax rates. Two are a special problem.

First, the loss of tax -exempt child care support if the average net income for a parent exceeds 100,000 pounds annually. (My colleagues, Kalire Barrett and Emma Ajmang, wrote about this In MarchSecond, the marginal tax rate of 60 percent for those who earn between 100,000 and 125,000 pounds, as the personal allowance is pointed.

“These high marginal prices encourage workers to reduce their profits by reducing their hours or by making large pension contributions,” Dan Nidel, a UK tax expert.

The government can cancel the support for children’s care to make it global. This is likely to cost hundreds of low millions, according to estimates of the Institute of Financial Studies.

The government can adhere to fixing the edges of the other abyss as part of a long -term sign of workers. “The personal allocate can be pointed over a longer income, most likely at a small cost on the cabinet,” says Needle, with regard to the high -rating tax rate of more than 100,000 pounds.

Fix the individual savings account system

The value of the common assets of the British ISA system-a form of tax savings on taxes up to 20,000 pounds per person annually-about 775 billion pounds, that is, more than the total value of the specified pension assets, according to New Financial.

It recommends simplifying the system – which includes monetary investment products and share rights – in one cover that was renamed as “investment and savings account”. New Mali believes that this alone can encourage additional 5.4 billion pounds to invest in shares and materials of international reasons for international gains, which helps to strengthen the retail investor market in Britain and liquidity.

Over time, the government can explore the division of the annual allowance evenly, with any savings from ISA cash that exceeds 10,000 pounds only qualified to obtain tax exemptions if invested. For evaluation, New Financial finds that 80 percent of ISA cash users provide less than this amount every year anyway.

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These reforms are not perfect, but given the restrictions of the Labor Party, they are pragmatic ways to raise business confidence and investor. Send your policy recommendations to [email protected] Or on x @Teapperikh90.

For a party with one of the largest in the history of the UK, there was a unique opportunity to start major reforms and reduce costs.

After all, large tax measures will go further to increase growth, and large spending discounts will lead to eliminating the constant threat of high taxes. I will return to this in a future news message.

Instead, the first year of the Labor Party will decrease as a significant opportunity for the British economy. It lacks the mountain and its chances of commercial experience, as the UK cabinet has ignored the vital role in preserving the private sector along with.

Vanak has stopped around Britain the country in weak economic activity, reduced political costs and higher taxes. To escape from his trap, work should find a way to enhance animal lives.

Food to think

Bad ambiguity of the economy. This paper It determines how the written legislation harms poorly investing, raises costs and slows down growth.

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A free lunch was released on Sunday by Harvey Nriapia