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Day 11: Transport

Flying Cars are Finally Here!

The Age of Flying_Cars is finally ready for Takeoff. https://phys.org/news/2018-03-cars-eye-takeoff-geneva-motor.html

My thoughts on the summer budget

I read the full Budget speech that George Osborne gave today.

I think that from a public relations point of view it has been a good budget for the Chancellor.  I found myself thinking, "I agree with that" when watching the news and hearing the headlines.

Now that I have read the budget I am less pleased.

I am disappointed in his Infrastructure plans to increase productivity.  

He said -

“Four fifths of all journeys in this country are by road, yet we rank behind Puerto Rico and Namibia in the quality of our network. In the last 25 years, France has built more than two and a half thousand miles of motorway – and we’ve built just 300. In the last Parliament I increased road spending, even in difficult times, and set out a plan for £15bn of new roads for the rest of this decade.”

I was disappointed in this because it makes no mention of public transport, it makes no mention of improving streets and paths to allow and encourage people to walk and cycle.  Roads and streets are important and are a good place for investment, but I am concerned that the Governments plans will see more roads built, which will then fill up with cars and lorries, leading to no net improvement in productivity or happieness.

At one point in his speech he said -

For Britain is home to 1% of the world’s population; generates 4% of the world’s income; and yet pays out 7% of the world’s welfare spending.  

What a meaningless statement!!! It may be factually correct but it is not illuminating.  We should really be proud that we spend 7% of the world's welfare spending because there are lots of places that spend zero.  

I was disappointed that the budget didn't set out any proposals to increase the affordability of housing or energy by increasing supply.  This is the other side of the tax cut coin, making peoples money go further.

A search through the budget statement shows that equality or inequality was only mentioned once.  He stated that - "In the last fortnight we’ve seen independent statistics showing that since 2010, child poverty is down and so is inequality."  I do not see this as a strong budget to reduce inequality.

I was pleased to see that non-dom status is to be phased out.

I see that corporation tax will be reduced to 18% by 2020.  I would have liked to see that a reduced tax rate associated with less unequal pay structure within corporations. Rather than just taxing high earners companies should pay more tax if they have highly unequal wage structures.  One way to assess wage structues within a company would be through the use of the Gini Coefficient.

I understand that there is going to be further tightening of the rules concerning taxation to close loopholes and I support this.

I find that the discussion of tax credit and minimum wage confusing.  I see that Ian Duncan Smith was cheering the increase in the minimum wage and I am prepared to trust his judgement.

In conclusion, I see this as a budget that was well crafted from the political point of view for middle England.  I think the Budget will not play so well in Scotland.  I am disappointed because I do not see this budget as making Britain a happier place to live.  The Chancellor and the Government don't seem to want to promote more equality, or if they do, they are limiting themselves to only a few tools.  The Budget will not improve affordability which is the other side of the tax coin when it comes to improving peoples lives.  

I hope you find these views interesting.

If you want to read the full budget statement for yourself the reference is:

Osborne, G. and HM Treasury, (2015). Chancellor George Osborne's Summer Budget 2015 speech - Speeches - GOV.UK. [online] Gov.uk. Available at: https://www.gov.uk/government/speeches/chancellor-george-osbornes-summer-budget-2015-speech [Accessed 8 Jul. 2015].

Project Jeep Willys (family saloon)

Train station in Antwerp, Belgium.

Mohsen Moradi, the exciting dream, digital

Mohsen Moradi (@moradi) | Foundation

LHR 050816 KUWAIT AIRWAYS AIRBUS A330-243 9K-APD BA BOEING 747-400 by Robinson Images Via Flickr: Photograph taken by Craig Robinson I loved being able to get multiple planes on approach

LHR 050816 MALAYSIAN AIRLINES AIRBUS A380 9M-MNA by Robinson Images Via Flickr: Photograph taken by Craig Robinson

LHR 050816 MALAYSIAN AIRLINES AIRBUS A380 9M-MNA by Robinson Images Via Flickr: Photograph taken by Craig Robinson

LHR 050816 Turkish Airlines Aribus A330-300 TC-JNT the dangers of flying by Robinson Images Via Flickr: Photograph taken by Craig Robinson

LHR 050816 Aer lingus Airbus A320-214 EI-DEI by Robinson Images Via Flickr: Photograph taken by Craig Robinson

LHR 050816 3 on final approach by Robinson Images Via Flickr: Photograph taken by Craig Robinson

I found a broom on the bus...

Я нашла в автобусе веник...

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