Rexy For Ruislip

Integrity. Honesty. Fairness.

Even More Economic Ineptitude

This would be a much less wasteful thing to do with money than what Reform UK have in mind. Reform UK are on the move, but unfortunately it’s just another example of them wanting to play at politics without any real understanding of what they are doing.  I am referring to this “manifesto” which has surfaced in recent days on Twitter.  This particular image was shares by a self-declared stand-up comedian, but most of his recent political posts seem to be serious (or at least that looks like it was the intention).  The image in question is this one: Let’s go through claim by claim to see what makes sense, what doesn’t (most of it) and what is just so wrong it isn’t even in the right ballpark. Authenticity First of all, this is not an authentic manifesto. During an election campaign, all materials published by a party  are required to have an imprint on to show who has been responsible for making the claims.  This document lacks any such imprint, meaning it has the same impact as parody.  Nevertheless, several Reform UK candidates seem to be treating this as though it is real, so I will do the same.  Importantly, though, if this is official party policy, they have messed up by not including an imprint. Notwithstanding this crucial omission, I suspect that this is actually a sanctioned document by Reform UK.  I assume the missing imprint is deliberate to allow them plausible deniability if they actually get success, essentially giving them a “Get Out Of Promises Free” card.  So if you are reading this document and thinking “I like that a political party is promising these things” remember that they aren’t.  They are taking you for a fool, and they deserve your contempt for that and numerous other offences. Increased Personal Allowance Nothing wrong with this headline figure as a concept except to say why £20,000 is their chosen figure (minor gripe) and how they intend to pay for it (major problem, as this would cost a huge amount of tax revenue).  My back of envelope calculations suggest this on its own could cost upwards of £200 billion a year, on its own dwarfing the total cost of the whole manifesto stated as £141 billion. Scrap VAT on Fuel Bills and Lower Fuel Duty This seems like a reasonable solution until you realise that the reason why fuel bills are so high is because the free market allows energy companies to charge a high price for their product. Scrapping VAT on energy bills would have a short term benefit, but market forces would react to the reduction in price by nudging prices higher.  In a  few short years we would likely be back to the same issue again, but this time we would all be paying high energy prices and there would be no tax revenue to compensate us.  Worst of both worlds. The right solution is to either price regulate, nationalise the energy companies or introduce a competing publicly-owned supplier that can directly affect the prices offered by the remaining private sector companies. Reduce Corporation Tax to 20% No indication why reducing corporation tax would be a good idea, though it is of course interesting to note that Reform UK Ltd – a corporation – would directly benefit from such a tax reduction.  In reality, small companies rarely pay anywhere close to the 25% rate due to the number of allowances and reliefs they have available, and any income they generate which is paid out as salary is already an  allowable expense. Corporations do not need a lower rate of tax except to directly benefit their shareholders, not their employees. Freeze Non-Essential Immigration This is another costly measure that will likely cause us more problems than it solves, but even if successful, the question has to be raised of “who decides what is non-essential?” At the moment, it would wholly be Nigel Farage, as he seems to be the sole decision-maker for Reform UK, and frankly I wouldn’t want him making any such decisions on behalf of the country. Immediate Deportation for Foreign Criminals This  might as well be renamed “Catch and Release”. If we arrest someone in the UK and sentence them to a jail term, then deporting them back to their parent country is just setting them free instead of jailing them because they have not been sentenced to jail in that jurisdiction.  People would be free to come to the UK to commit whatever crimes they wanted, safe in the knowledge that if caught they would just be sent home again.  I can’t even begin to state what a terrible idea this would be for justice. This is one of those policies designed to sound like it would save money, but in reality all it would do is create a two-tier justice system where ironically the foreign criminals would have far better treatment than native British criminals. New Housing Again, no issue with this in principle as we need more housing. But again, it’s a good idea, but with no costings or even quantified goals. Life Skills in Schools and Scrap Student Loan Interest Sensible policies, but again no indication of who would get to pick the life skills being taught.  As such, the default is Nigel Farage getting to decide on curriculum content, which frankly should terrify anyone even if they actually like him – one man absolutely should not have that much power. In terms of scrapping student loan interest, it’s a start, I suppose.  But the lost interest has to be paid for from somewhere, and there’s no indication of where this will come from. Farming There’s talk here about increasing the farming budget, but not what would be done with it, increasing our food production without any sort of acknowledgement that we don’t grow all our own food because we actually like the food that we import, and subsidised agricultural apprenticeships.  Nothing wrong with this last one necessarily, but