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Nationalisation

Certain industries should be nationalised, such as:

- British Steel

- Water

- The Railways

The UK should look to Singapore as a role model.  From Google's Gemini:-

Singapore boasts a highly developed, open, and pro-business mixed market economy, known for its strong infrastructure, investments in education, and a business-friendly regulatory environment, consistently ranking among the world's most competitive economies. 
Key characteristics of Singapore's economy:
  • High-income economy: Singapore is a high-income economy with a high GDP per capita. 
  • Open and pro-business: The economy is consistently ranked as one of the most open and pro-business in the world. 
  • Strong infrastructure and investments: Singapore has made significant investments in infrastructure, education, healthcare, and public services. 
  • Competitive economy: It is among the world's most competitive economies. 
  • AAA sovereign credit rating: Singapore is the only country in Asia with a AAA sovereign credit rating from all major rating agencies. 
  • Dirigiste characteristics: The economy has dirigiste characteristics, meaning the government plays a significant role in the economy through ownership of government-linked companies and investment through sovereign wealth funds. 
  • Economic freedom: Singapore is known for its high degree of economic freedom, as measured by indicators like rule of law, limited government, regulatory efficiency, and open markets. 
  • Recent economic performance: In the fourth quarter of 2024, the Singapore economy expanded by 5.0% year-on-year, moderating from the 5.7% growth in the third quarter. 
  • Future outlook: Singapore's Trade Ministry expects growth of between 1 and 3 percent in 2025. 


 

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