Future Britain – The crux of the problem, the key to the solution

Flowing from the loss of momentum in the commercial world, we have in the UK:

-         lower asset values

-         lower dividends

-         lower commercial activity

-         lower balance sheet values

-         lower capability to finance

-         lower economic activity

We need to get momentum back into the UK market.

We need to get confidence back for all our UK citizens.

We need to create a new UK

So we start small with UK companies and UK businesses that we can understand and which UK auditors can safely give a viable ‘UK’ certificate on a going-concern basis.

We need our UK legislative and UK fiscal environment to control these UK companies; therefore they need to be UK-only operations including the businesses themselves plus the UK bankers and the UK auditors. It was globalisation which got us into these problems.

With a ‘UK’ certificate they are safe for us all to deal with and safe to invest in thus solving the finance shortage for small businesses and also starting to replace the values lost by pension funds and re-funding the income streams for savers. When we are stronger we can then move on to ‘UKx’ businesses which are the overseas trading arms of the ‘UK’ companies, the 'global companies' but set-up with a separate corporate ownership structure. UK government support needs to go to ‘UK certificate’ businesses.

Then we need to stimulate business activity and expand our areas of activity such that the UK becomes the centre of excellence for the world eg law, language, safety, security, health, sport, entertainment, culture, whilst at the same time becoming almost completely self-sufficient in food, energy and water.

These new trading activities will need the (empty) buildings in the City; will need the brightest (unemployed) brains we can muster; and can be distributed all over the UK – everyone will benefit.