YOur columnist I participated economist In 1988, at the high tide of Thatcherism. The stagnant engine was electrified, releasing the energy that had been suppressed for a long time. He is leaving in the middle of another conservative revolution. But this time it looks unlikely to succeed. Boris Johnson lacks Margaret Thatcher’s self-discipline and detailed command, as shown in a bizarre speech to the Confederation of British Industry, a lobby group on November 22nd. The prime minister lost his place, imitated the sound of a car, and lyrically waxed the child’s television character, Peppa Pig.
Johnson suffers from a more severe headwind than his predecessor faced. The UK population is older than in the 1980s, which means state spending on health and social care is overwhelming future investment. The Conservative Party is still old. In 1983, more people between the ages of 18 and 24 voted for Thatcher’s Tories than the Labor Party under Michael Foot. Johnson relies on support from retired people who don’t want anything that interferes with their quiet lives. Thatcher had a clear plan based on the simple principles of privatization, deregulation and the value of money. Johnson’s self-appointed mission to “level up” Britain is vague and even utopian. Voters were able to judge the progress of Thatcher, where bureaucratic formalism was unleashed and state-owned enterprises were privatized. The road to level up lacks similar milestones.
There are some ideas for getting Sackerite to bite into Johnson’s policy. Please choose an institution that will interfere with your level up. Put them into rapid and major reforms. Then choose a target on the Tory side of the political spectrum: a great “public” (ie private) school, city, or house, and confuse the enemy.
Private schools in the UK are a nasty mixture of excellence and social exclusivity. At any given time, only 7% of all students and 15% of students over the age of 16 are personally educated.Still, that 15% wins all half NS When NS* Results NS-Levels, and one-third of all Oxbridge locations. It is also overrated in elite sports (especially cycling, rugby, boating), acting, and popular music about how John Lennon must be spinning in the tomb. Public schools are very expensive, costing around £ 50,000 a year at Eton College, making it a playground for the descendants of global plutocracy and oligarchs.
This is a shame. Public schools were established to educate “poor and poor scholars” to quote from Winchester’s founding documents. They are probably serving the public interest, so they enjoy their philanthropic status. In 1942, Winston Churchill claimed that he was obliged to scholarship 60-70% of his place to poor scholars. Scholarship boy Johnson should revive the idea of his hero. This will not only end the UK’s educational apartheid, but will also give the country a welcome injection of diverse talents.
Thatcher’s reforms have greatly benefited the city of London, which was shaken by the sleep caused by Claret by global competition. But when the Big Bang Tyro became the founding lord and female, it nodded again. London Stock Exchange (LSE) It’s becoming more like a care home for an old economic company than the birthplace of a new economy company.Less than 2% of FTSE The value of 100 is occupied by technology companies, NS&NS 500s. Overly nasty regulation means that British companies have to support an army of dilapidated, unruly part-time directors. The city’s refusal to support a dual-class equity structure means less choice for founders who want to open up the public market without giving in to the dictatorship of quarterly earnings.Allow dual-class companies to participate LSEThe premium segment could help the city reconnect its stock exchange to the new economy and do it to today’s tech companies, much like it did to Victorian railroads.
It’s not uncommon to meet foreigners who say they admire private schools and financial services in the UK (in many areas other than stocks, the city is still the world leader). But who says that about the House of Lords? For much of its history, it embodied genetic principles: nobles vetoed legislation because their ancestors shed blood for William the Conqueror or slept with Charles II. bottom. It changed with the introduction of the Life Peer of the United States in 1958 and the reduction of “heredity” to 92 masses in 1999, but only by replacing one bad principle with another political sponsorship.
Currently, party bosses nominate former ministers, associates, relatives, and rich people who want to sit on the red bench. Fifteen of the last 16 Tory treasurers have donated at least £ 3 million to the party and have been given a seat in the House of Lords. But this isn’t just about “Tory overruns.” Workers under Tony Blair were similarly keen on “cash for honor.” And competition between political parties has boosted the number of members of the lord to about 800, all of which have been given more than £ 300 a day to simply stand up.
It is possible to abolish Room 2 to the House of Commons committee, outsource legislative scrutiny, and file proceedings backed by outside experts. If you want to stay, you need to rebuild from scratch. Germany has 69 members in the House of Councilors and 100 in the United States, so the UK will certainly be able to accommodate 200. And the principle of sponsorship needs to go on. Would you like to replace it with one that fits Johnson’s self-appointed regional rebalancing mission? Allocate seats in New Road to the local mayors of Belfast, Cardiff and Edinburgh and elected members of the delegated parliament, moving from London to Manchester, the emerging capital of the north.
An educational system that provides greater opportunities for talented children. A financial system that keeps pace with the high-tech economy. It is a political system that is less corrupt and more representative of the whole country, all at no cost to the Treasury. What is Johnson waiting for? Vroom vroom. ■■
Read more from Bagehot, a columnist on British politics:
The establishment of the UK has been split into two, and I am convinced that each is vulnerable. (November 20th)
Boris Johnson’s failure to tackle the Threes among MPs can prove how expensive it is. (November 10)
Boris Johnson’s Conservatives are planning to create a bigger and busier state (November 6th)
This article was published in the UK section of the printed version under the heading “Some Modest Suggestions”.
Boris Johnson should choose to fight conservative institutions
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