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.
Comments
Post a Comment