good, it means new business's can grow that are british for one, and massive companies they don't do much when they close down and make thousands un-employed rather than hundreds etc. Do you see many large british companies, not many.
You can still import like we used to.
you mean rich people, and illegal immigrants that can't get any work because the jobs are gone because british people could survive on less wages due to the lowering etc.
Whatever the goverment changes people always pick something to complain about, you have to weigh up the pro's and con's.
Blackadder, you're weighing up some very unrealistic pros and totally ignoring the cons.
What about the loss in tax income from the rich? The loss in tax income from British based companies? You assume the cost of living would lower following these grand reforms, but what about the global scale? Even if these new British companies you talk about did do well, they'd be bought out by foreign intrests due to a weak pound.
Also, if the cost of living did lower you would have the formerly highly paid British flying in from America or Europe (where they'd have moved to to continue getting paid what they feel they're worth) and buying everything up.
I'm not saying do it in a year, I'm saying faze it in over 8 or so years which would make it easier. Also, a lot of company directors choose to earn less than £85,000 as a wage and put the rest into the company projects and staff etc.
The tax on large companies is big but when you f*ck up the country by having companies like corus shut down british tin and steel to do it in holland it causes devastation in un-employment and the tax recieved does't mean as much then.
A lot of companies would still stay and you will have new british directors who are willing to earn that wage level (younger generation etc). They would stay because the companies will still earn a profit because it's only the employee's that will be affected/directors etc and the tax is not to do with it.
and make rules on the buying of property that would stop them flying in and buying things up, simple. Government staff already buy property up anyway.