So, hello, welcome to my channel. The Labour Party has been in power for, what, one day.
So, we're going to take a closer look at the election manifesto released ahead of July
and the 4th, and understand what we're looking at. So, ideal, tech for the NHS, use AI to
transform the speed and accuracy of diagnostic services. In bed, a greater focus on prevention
throughout the healthcare system. I mean, what we have lacking is probably joined up
IT systems, bringing the systems in up to date, having a lot of bed management systems,
and having a appointment system where, if the patient can receive text messages, as well
as emails, having the appointment system to use that instead. So, the green energy transition,
developed an NHS innovation, adopted strategy in England. So, is this going to be wind power
and roof panels on NHS and alternative energy sources, planned for procurement to give a
clearer view for getting products into the NHS? I mean, the size of the NHS should mean
that the government can actually create companies themselves to actually source, or maybe manufacture
it themselves, reform incentive structures to drive innovation and faster regulatory
approval for new technologies and medicines. I suppose that's together with AI. I mean,
using AI, you should be able to get a lot of the products, or the medicines, to market
a lot quicker. Work with the private sector to double onshore wind, triple solar power
and quadruple offshore wind. No talk about tidal or wave power or hydropower. Invest
in carbon capture and storage. Well, I think what, sorry, hydrogen and marine energy, there
needs to be a mechanism of energy storage. There needs to be a mechanism to actually
improve our grid, probably with connections across the sea to maybe Norway and Sweden,
so that we can exchange energy. I mean, marine energy, I can only assume that this is maybe
tidal as well as wave, but hydrogen is probably a good start, but hydrogen is only useful
under lower temperatures, but I would slot in here ammonia. Establish a national wealth
fund to increase investments in key sectors aiming to attract three pounds of private
investment for every pound of public investment creating jobs across the country. I mean,
I would extend this to a national sovereign fund where effectively you can have a situation
where you actually invest in certain industries and you get the right relevant compounding
and then from that, in times of lean time, you can lean on that fund rather than lean
on raising taxes. Investment into key industries, well, they don't actually identify the key
industries. I think there are more than this. Over the next parliament, invest 7.3 billion.
That's probably a bit light. Interport supply chains, so very difficult to say what that
is, whether that be road or rail. New Gigafactories, still, I mean, there has to be another product
which is stronger still that we can be looked at as a replacement. Deployment of carbon
capture, well, are they going to grow? I mean, the best way for that is probably to
grow a number of trees that can sequester the carbon for at least 20 years, maybe even
100 years, and manufacture a green hydrogen. Well, I think hydrogen is probably something
that is a bit old school and we probably should look at ammonia. Support for startups and
spinouts, no explicit mention of R&D tax credits for startups, but plan to retain a permanent
full expensing system for capital investment and the annual investment allowance for small
businesses. So I think that needs to be expanded on. Maintain the current structural rates
of R&D tax credits while cracking down on fraudulent claims and evaluating the scheme
impact of the sector by sector. I mean, I think a lot of these R&D credits should be
very advantageous because as soon as you spin off, you're going to get a lot of medium
TAHI earners. Protect the seed enterprise investment scheme and the enterprise investment
scheme tax incentive programs. I mean, there is a big chance that these investments will
lose money. So I think the investments should be a little bit higher and the actual barrage
to entry should be reduced because a lot of these products, you know, they won five or
ten thousand pounds because of the admin and I think a lot of people would be probably
willing to do 500, 250 or maybe a little bit lower. Mention of increasing tax on carried
interest, though details of SPARS need to investigate this. Pledge to work with universities
to support spin-outs. I mean, this is something that has been going on for quite some time,
but this needs to be researched in the long term because we've had a lot of successful
spin-outs but unfortunately we don't have the investment or the actual stock exchanges
that can actually fund or, you know, cost incentive. So one of our famous semiconductors
has gone across to America. Regulation improvements. Encourage universities to offer spin-outs.
I found a option with the university taking a share of equity at all below 10%. Well,
it's a lot of work. Is this something that the universities will do at such a small cut?
Create a new regulatory innovation office to help regulators update regulations and speed
up approval timelines. This need needs to be very thin on the ground and be a skeleton
service because, you know, new offices sound great, but over time they just get you too
inflated. Ensure the safe development and use of AI models with binding regulations
of companies developing the most powerful. AI models abandon the creation of sexually
expressive defects. Well, I think the first one is very difficult because why are we having
a lot of these AI models? It's effectively to remove repetitive jobs to actually increase
the bottom line. And I think it's very difficult to actually have the legislation to actually
ban deep fakes. I suppose you can enforce that deep fakes have a relevant ID on them
because the term sexually explicit has different connotations from different readers. Support
tech like open banking, well, open banking has been supported for some time, but it's
the initial investment and open finance, but both open finance and open banking need to
have the rock solid controls so they can't be easily breached like a lot of high street
banks have been in the past by ensuring a pro innovation frequency framework. So the
trouble with frameworks is they don't actually work for everybody. So this has to be a framework
which can be reviewed and altered when needed. Public sector tech and procurement, ambitious
vision for public sector tech and procurement insurance delivery on promises like open finance
and climate tech. Well, the main problem is that we've got lots of tech that is procured
by what is it 1.7 million civil servants. There's probably a lot of ancillary people
that are working in this environment. There needs to be a specific badge where you can
almost have a system where you can have a generic case and then you can fit all the
relevant components together so we can have the cheapest of computers for the public sector.
But more importantly, I think there needs to be a very cheap computer that can be sold,
maybe licensed for junior schools, all schools up to and including university. So you can
have different models which will mean that if you're doing plain vanilla work, maybe
sort of where there is a need for a powerful computer or a powerful video interface. But
as soon as you do things like creation of video and editing pictures as part of your
primary task, we can have a model where with the agreement with the tech sector that we
create a interchangeable laptop or remote computer, so computer in a box effectively,
there are a lot of this can be interchanged and then it's just down to the individual
maybe to get a monitor for home use or there's an interchangeable system where the actual
system is just a monitor where you can slot in the rest of the encodes computer and you've
got a product to go. So there's a lot of interesting things that have been brought forward but
there's a lot of still open questions and then the problem is that political manifestos
are not very clear on the outset. I hope we have a lot of meat to this and then there's
a lot of discussions about things to do with energy because the renewables are great, a
lot of the products work well in all seasons but I think we need to look more at hydro
so that usually works in all seasons but winter and also we need to look at nuclear. I think
the whole premise at the moment is it's very difficult to employ electric vehicle charging
bays because they take a long time and not many people would want to stop somewhere for
half an hour or 45 minutes where they potentially have a coffee and sandwich. A lot of these
filling stations have in oil and diesel and gas. I see that we're probably going to have
a mechanism of transfer of hydrogen cells so that you open the bonnet, there's probably
a button where you crack open the top and the system will load this and put it in a
charging pack or put it in the bin ready for the next load and then this particular pack
will go into the car or potentially other vehicles but I think that with a lot of vehicles
needing a variety of hope on their model and we're not going to get a standardized kit.
I think the better model would be to actually create or store hydrogen on site together
with ammonia. I think ammonia probably is the way to go because I think hydrogen cells
will probably be only interchangeable with very small vehicles as well as motorbikes.
So I think ammonia is the way to go where effectively there will probably be a little
longer than standard filling times with diesel or petrol but there'll be some mechanism of
correctly securing your tank of ammonia with the tank on site with the relevant airlocks
etc. and I think we're probably looking at sort of seven to ten minutes for a full tank
which I think a lot of drivers as well as professional drivers will be happy with those
times to actually wait to be fully unloaded with fuel. I see that there's going to be
a mixture of hybrid roles where some people are probably going to have those vehicles
where you are going small distances and other vehicles where there are sort of longer distances
but at the moment with electric vehicles if you are running as service you're losing
or you can't cover to enough clients because the vehicle is standing there charging for
two, three hours of a business day and I think this isn't really viable in the scheme of
things. I mean it isn't an experiment but I think it's going to be an experiment which
goes badly wrong because with the current batteries they're very prone to explosions
if you put them under strain or something penetrates the battery element. So we need
a variety of vehicles, we need a variety of ways to actually get the fuel cell to be
charged divorce-ly which is happening in the rest of the world especially a motorbike.
You have a cylindrical cell which you then remove and you can put straight, I mean effectively
you take out your cylindrical fuel cell, you press a button, it highlights that there is
another fuel cell that is fully or almost charged, you put your fuel cell in and it
locks and then it gives you this other fuel cell so you can ride around. I mean these
only work when you're actually renting that fuel cell and the company will charge you
too much because eventually those fuel cells are going to have to be disposed of and here
is a major issue with renewables where you've got to have a base of concrete for wind turbines,
the blades aren't recyclable and the issue with steel we need to have another metal or
the substance because there is sufficient amount of energy to make these shafts and
with the conversion over to electric arc for making steel this isn't really achievable
or viable and it's the same with solar panel, we have to make sure that we aren't putting
these on arable land or land which can be used for animals, we need to also put them
in a sufficient array so that we are able to, to catch them and then change the angle
of the solar panels so that they're charging at full premium all the time and the wider
land can be used for grazing or a wild habitat which is very difficult to achieve if you
have the panels at, you know, just attached at low level and also you've got a fine amount
of time when they are viable so I think the whole thing is that you have to see the circular
element of all of these issues but I mean it comes to hydrogen so I think there's a
lot of places which flood or have more water seasonally, now there should be the element
of environmental dredging but I think for the sake of a very small area we should have
channels which are created so that this excess water can be used as part of a Hydro Engineering
initiative and then this water will be diverted from major towns and cities and can then flow
out to the oceans or potentially with a lot of thought, you know, as a conventional hydro
system works you want to pump back some of the water so that you're collecting water
from rainfall and you're generating more energy than you expend so I think this should be
something that is thought about maybe on a number of sections or maybe we can pick, you
know, using geological data where best we might have long or short examples to actually
validate the idea so it is a start, it's probably going to be an interesting ride with the labour
party when these promises unfold but will they deliver the goods and propel the UK into
a new era of innovation because I think only innovation will get the investment and I think
they need to reach over to a number of ideas from across the pond in America, they have
had the CHIPS Act and the investment in semiconductors, memory, sensors and so forth has gone off
the mark and I think that initial investment and relevant incentives that have been done
has paid off handsomely because you're going to have generations of semiconductor industries
into the future. We do not want to have any other semiconductor or pharmaceutical company
actually leaving our shores which is happening in at the moment and I think it needs to be
from the government to identify those particular micro sectors which we will now need now and
in the future so we can aim to strive to be the number one or number two in semiconductors,
AI, pharmaceuticals as well as the fuel alternatives as well as manufacturing a set of computers
which will be used for education and educational purposes as well as the situation where we
need to seize every opportunity that comes out why because the only way out of this is
to have growth and have education to strive to these new industries which historically
have been the way forward where people can have sort of reasonable and large salaries
that is further monies into the coffers to actually have this as a full ring system so
further investment can be made off the back of previous investment which would then have
higher paid workers who will have the money and wherewithal to actually go out to restaurants
and pubs have all of the opportunities to have that downtime to enjoy themselves rather
than having no money and just doing local pursuits as well as they're going to have
enough money to buy the relevant accommodation that they need and the other thing is that
the same people if you have a fund they could then have a special fund where not just sophisticated
investors but you can have something like an ISA where you're investing in the government
where you are protected like an EISA so you put in one pound and 50 of it is protected
and the other 50 goes in these relevant schemes and I think that will be a quite popular thing
to actually do but as I said we're only at day one a lot of these manifest elements need
to be further discussed and rounded but I think that they need to look forward and not
make the mistakes of other countries by not actually taking a few strides forward using
the bleeding edge technology rather than using a lot of current technology which isn't fit
for purpose so thank you very much for your time if you could join my channel if you could
share that this channel is available and get other people to listen to it can you leave
a comment and can you let me know what other information you would like me to talk about
so thank you very much for listening and goodbye.