Fixing inequality isn't as simple as investing in the poorest Regions - that at best is hit and miss. We need to use the income tax system to not only balance the Government's current account (not even that if QE was used more judiciously and the BoE stopped paying interest on Reserves) but to redistribute income much more progressively from the top to the bottom of the economy.
Combined Tax/NI thresholds at 1%, 2%, etc. right up to, say, 50% - and then annually add another threshold at 51%, 52% etc. until the richest start leaving the UK shown by tax receipts starting to level off.
Letting the lower paid keep more of their pay shows as more take-home pay on their payslip each week/month, they then spend that in the economy and it gets sucked up to the highest earners.
Fixing inequality isn't as simple as investing in the poorest Regions - that at best is hit and miss. We need to use the income tax system to not only balance the Government's current account (not even that if QE was used more judiciously and the BoE stopped paying interest on Reserves) but to redistribute income much more progressively from the top to the bottom of the economy.
Combined Tax/NI thresholds at 1%, 2%, etc. right up to, say, 50% - and then annually add another threshold at 51%, 52% etc. until the richest start leaving the UK shown by tax receipts starting to level off.
Letting the lower paid keep more of their pay shows as more take-home pay on their payslip each week/month, they then spend that in the economy and it gets sucked up to the highest earners.