How does the UK can revive the souls of the UK

Welcome back. Next week marks the first anniversary of the return of Britain after the 18-year opposition. According to Prime Minister Sir Keir Starmer, the economic growth is the government’s “number one mission”.

This week, I appreciate the progress of labor in this mission, and I suggest five policy advice with the help of prominent thinkers in the UK’s economy.

Since labor came to power in July 2024, the British economy increased by 0.89 percent by April this year. According to May 2025, the HMRC has more than a quarter of more than a million salary workers. Economic activity on all major sectors has fallen and the confidence of the work and consumer was lined up.

Britain has been buffet by global economic uncertainty. Again, so far, a large number of government has been weakened against the mission.

Some of this is down to the growth strategy of labor. Giles Wilkes says “invested attention”, a great worker at the Government Institute. “This intended to invest in public services, infrastructure and protection.”

Like me The publication of this newsletter June 1Investment is the center for the growth of productivity under the UK. The growth rate should rise in the long run, assuming that the funds allocated by the Chancellor Rachel Reveves are spent well. However, the government has done little to increase economic activity in the near future.

In October 2024, the first budget, labor, spent on a daily basis for Britain’s tense state services. After the “employed people” promised to not increase taxes, employers have chosen to pay the lack of costs by collecting money on investment and wealthy. Reeves also left a small buffer against the main financial procedure to balance the existing budget.

This rely on the growth of government to increase revenues and protect the financial headroom. However, in the near future, the large part of the higher taxes and the growth of labor is exposed to a long time, strategy.

Reeves’ buffer came under pressure. And the final U-queue is struggling to deposit the party, which is scheduled for winter fuel payments and well-being show. This protects the audience of higher taxes and higher taxes.

Unless the economic activity is soon selected, British risks falling in the risks, rising tax and lower growth in British.

“Now the key companies will be clear and consistent signal, market and investors, the closest environment in the near future,” said William Wright, a managing director of the New Financial Thought Center.

Basically, labor animal spirits need to quickly, inexpensive, cheap and more voters can quickly revive. How? I asked the British policy specialists. Here’s what they said:

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TurboCharge Planning Reforms

The government has made an effort to regulate the planning system, but the President of Politics in Britain said that Sam Dumitriu could be more ambitious and targeted.

The government calls on the imitation of New Zealand and “good, good public transport infrastructure, automatically to allow for a new six-storey apartment to allow for planning permission.”

In the same way, the head of the housing and infrastructure in the center of politics Ben Hopkinson should be back to connecting Britain’s apartment and infrastructure projects. In 1933, in 1933, the Metropolitan Railway will take land near the proposed train roads, extended the railway and sell higher value lands.

“Today, large infrastructure projects can only be united up to 500 home, this ability is almost never used,” Hopkinson said. “Housing Secretary can break this limit tomorrow. This will allow new houses to be built together with a new supportive infrastructure.”

To reduce or cancel the seal duty in stocks

Stamp Duty Reserve Tax is purchased in 0.5 percent of the company’s share of the United Kingdom. A country that is not ali Basic Financial Center As it is done, as it is, it announces all this.

One Learning by 2024 Oscores The decrease in the tax reduced total pension deposits, capital expenditures and limited capital expenditures were removed.

SDRT’s cancellation can increase SDRT’s cancellation of GDP permanently between 0.2 and 0.7 percent. This annual tax can lift up to £ 6.8 billion for measurement. SDRT currently brings £ 3.8 billion in receipts.

Present a ‘Innovation Visa’

England is one of the most expensive and heavy visa systems for talented, highly qualified people among advanced economies.

The founder of the new UK project Anna McShane, recommends a special application Invitation-Only visa modelBased on Australia’s National Innovation Visa.

It will only offer a fast track route to work, research, research, research, research or start a business in the UK sectors for a limited period. Like regional hubs for innovation, the British world-class universities and research facilities can help them manage them.

Tim Leunig will encourage the ability to give them the ability to give a visa to give a visa to give the universities requiring chief economists, agreements and research in Nesta.

Correct the edges of abyss in income tax system

The Kinks in the British Income Tax System results in punitive marginal tax rates. The two are particularly problematic.

First, when a parent’s adjustable net income is more than £ 100,000 per annum, tax-free children’s care support. (My colleagues Claer Barrett and Emma Agyemang wrote about it In March.) Second, earnings between £ 100,000, 60 percent tax rate between £ 125,000 was found, individual benefits.

“These high marginal rates encourage employees to limit their earnings by reducing their hours or reduce pension contributions,” Neidle from the Tax Specialist in the UK.

By making it universal, the government can break the limit on the support of the child. According to the Institute of Fiscal Studies, this will probably cost hundreds of millions of millions.

Government can force employees to make the other cliffs edge as part of a longer term signal. “Personal allowance can make a less cost, probably a little expense,” says Neidle said about the high gift rate, which is above £ 100,000.

Individual savings accounts system reforms

The combined assets of the UK’s ISA system – a form of 20,000 pounds per year, according to new financial information, close to £ 775 billion more than the total value of certain contributions.

Recommends simplification of system – Includes cash and capital investment products – “Investment and Savings account” was a single dressing. New financial accounts This can promote a 5.4BN TL in addition to the Jesus every year, which helps Britain to increase Britain’s retail investor’s market and liquidity.

Over time, the government may share the annual allowance equal to the tax breaks only to save above £ 10,000 to save any cash. The new financial for measurement finds that 80 percent of Cash users saves less than this amount.

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These reforms are not perfect, but the restrictions are given, work and investor confidence are pragmatic ways. Send your policy recommendations freelunch@ft.com or x @ TeamPperikh90.

One of the largest majority in the history of the United Kingdom has been a unique opportunity to reduce great reforms and costs.

After all, large tax events will increase to increase growth and reduce significant costs will continue to risk higher taxes. I will return to them in a future newsletter.

Instead, the first year of labor will descend as an opportunity for the economy of England. It did not have any courage and the lack of work experience, the British ministers observed the important role of detention in the private sector.

Funk around Britain, the country tied weak economic activity, politically intense expenses and higher taxes. Painting to escape his trap should find a way to increase the animal spirits.

Food for thinking

Uncertainty for the economy is bad. This paper The investment of written legislation increases how much damage, costs and slow growth.

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Sunday free dinner is edited by Harvey Nripia