1 00:00:00,000 --> 00:00:11,080 So, hello, welcome to my channel. The Labour Party has been in power for, what, one day. 2 00:00:11,080 --> 00:00:18,560 So, we're going to take a closer look at the election manifesto released ahead of July 3 00:00:18,560 --> 00:00:28,040 and the 4th, and understand what we're looking at. So, ideal, tech for the NHS, use AI to 4 00:00:28,040 --> 00:00:35,280 transform the speed and accuracy of diagnostic services. In bed, a greater focus on prevention 5 00:00:35,280 --> 00:00:44,800 throughout the healthcare system. I mean, what we have lacking is probably joined up 6 00:00:44,800 --> 00:00:57,720 IT systems, bringing the systems in up to date, having a lot of bed management systems, 7 00:00:57,720 --> 00:01:10,560 and having a appointment system where, if the patient can receive text messages, as well 8 00:01:10,560 --> 00:01:18,040 as emails, having the appointment system to use that instead. So, the green energy transition, 9 00:01:18,040 --> 00:01:30,320 developed an NHS innovation, adopted strategy in England. So, is this going to be wind power 10 00:01:30,320 --> 00:01:39,720 and roof panels on NHS and alternative energy sources, planned for procurement to give a 11 00:01:39,720 --> 00:01:47,640 clearer view for getting products into the NHS? I mean, the size of the NHS should mean 12 00:01:47,640 --> 00:01:58,680 that the government can actually create companies themselves to actually source, or maybe manufacture 13 00:01:58,680 --> 00:02:05,080 it themselves, reform incentive structures to drive innovation and faster regulatory 14 00:02:05,080 --> 00:02:16,840 approval for new technologies and medicines. I suppose that's together with AI. I mean, 15 00:02:16,840 --> 00:02:24,520 using AI, you should be able to get a lot of the products, or the medicines, to market 16 00:02:24,520 --> 00:02:32,800 a lot quicker. Work with the private sector to double onshore wind, triple solar power 17 00:02:32,800 --> 00:02:47,840 and quadruple offshore wind. No talk about tidal or wave power or hydropower. Invest 18 00:02:47,840 --> 00:03:01,920 in carbon capture and storage. Well, I think what, sorry, hydrogen and marine energy, there 19 00:03:01,920 --> 00:03:09,140 needs to be a mechanism of energy storage. There needs to be a mechanism to actually 20 00:03:09,140 --> 00:03:20,520 improve our grid, probably with connections across the sea to maybe Norway and Sweden, 21 00:03:20,520 --> 00:03:29,000 so that we can exchange energy. I mean, marine energy, I can only assume that this is maybe 22 00:03:29,000 --> 00:03:40,560 tidal as well as wave, but hydrogen is probably a good start, but hydrogen is only useful 23 00:03:40,560 --> 00:03:53,640 under lower temperatures, but I would slot in here ammonia. Establish a national wealth 24 00:03:53,640 --> 00:04:00,880 fund to increase investments in key sectors aiming to attract three pounds of private 25 00:04:00,880 --> 00:04:06,640 investment for every pound of public investment creating jobs across the country. I mean, 26 00:04:06,640 --> 00:04:17,760 I would extend this to a national sovereign fund where effectively you can have a situation 27 00:04:17,760 --> 00:04:27,040 where you actually invest in certain industries and you get the right relevant compounding 28 00:04:27,040 --> 00:04:34,400 and then from that, in times of lean time, you can lean on that fund rather than lean 29 00:04:34,400 --> 00:04:41,280 on raising taxes. Investment into key industries, well, they don't actually identify the key 30 00:04:41,280 --> 00:04:51,400 industries. I think there are more than this. Over the next parliament, invest 7.3 billion. 31 00:04:51,400 --> 00:05:00,760 That's probably a bit light. Interport supply chains, so very difficult to say what that 32 00:05:00,760 --> 00:05:13,800 is, whether that be road or rail. New Gigafactories, still, I mean, there has to be another product 33 00:05:13,800 --> 00:05:19,640 which is stronger still that we can be looked at as a replacement. Deployment of carbon 34 00:05:19,640 --> 00:05:27,240 capture, well, are they going to grow? I mean, the best way for that is probably to 35 00:05:27,240 --> 00:05:34,640 grow a number of trees that can sequester the carbon for at least 20 years, maybe even 36 00:05:34,640 --> 00:05:44,000 100 years, and manufacture a green hydrogen. Well, I think hydrogen is probably something 37 00:05:44,000 --> 00:05:53,000 that is a bit old school and we probably should look at ammonia. Support for startups and 38 00:05:53,000 --> 00:06:00,000 spinouts, no explicit mention of R&D tax credits for startups, but plan to retain a permanent 39 00:06:00,000 --> 00:06:04,800 full expensing system for capital investment and the annual investment allowance for small 40 00:06:04,800 --> 00:06:12,000 businesses. So I think that needs to be expanded on. Maintain the current structural rates 41 00:06:12,000 --> 00:06:17,800 of R&D tax credits while cracking down on fraudulent claims and evaluating the scheme 42 00:06:17,800 --> 00:06:27,360 impact of the sector by sector. I mean, I think a lot of these R&D credits should be 43 00:06:27,360 --> 00:06:34,200 very advantageous because as soon as you spin off, you're going to get a lot of medium 44 00:06:34,200 --> 00:06:42,280 TAHI earners. Protect the seed enterprise investment scheme and the enterprise investment 45 00:06:42,280 --> 00:06:52,560 scheme tax incentive programs. I mean, there is a big chance that these investments will 46 00:06:52,560 --> 00:07:03,760 lose money. So I think the investments should be a little bit higher and the actual barrage 47 00:07:03,760 --> 00:07:09,760 to entry should be reduced because a lot of these products, you know, they won five or 48 00:07:09,760 --> 00:07:17,360 ten thousand pounds because of the admin and I think a lot of people would be probably 49 00:07:17,360 --> 00:07:29,000 willing to do 500, 250 or maybe a little bit lower. Mention of increasing tax on carried 50 00:07:29,000 --> 00:07:35,640 interest, though details of SPARS need to investigate this. Pledge to work with universities 51 00:07:35,640 --> 00:07:42,120 to support spin-outs. I mean, this is something that has been going on for quite some time, 52 00:07:42,120 --> 00:07:54,880 but this needs to be researched in the long term because we've had a lot of successful 53 00:07:54,880 --> 00:08:04,400 spin-outs but unfortunately we don't have the investment or the actual stock exchanges 54 00:08:04,400 --> 00:08:14,880 that can actually fund or, you know, cost incentive. So one of our famous semiconductors 55 00:08:14,880 --> 00:08:24,800 has gone across to America. Regulation improvements. Encourage universities to offer spin-outs. 56 00:08:24,800 --> 00:08:32,480 I found a option with the university taking a share of equity at all below 10%. Well, 57 00:08:32,480 --> 00:08:39,880 it's a lot of work. Is this something that the universities will do at such a small cut? 58 00:08:39,880 --> 00:08:47,040 Create a new regulatory innovation office to help regulators update regulations and speed 59 00:08:47,040 --> 00:08:55,520 up approval timelines. This need needs to be very thin on the ground and be a skeleton 60 00:08:55,520 --> 00:09:02,960 service because, you know, new offices sound great, but over time they just get you too 61 00:09:02,960 --> 00:09:08,520 inflated. Ensure the safe development and use of AI models with binding regulations 62 00:09:08,520 --> 00:09:13,480 of companies developing the most powerful. AI models abandon the creation of sexually 63 00:09:13,480 --> 00:09:26,680 expressive defects. Well, I think the first one is very difficult because why are we having 64 00:09:26,680 --> 00:09:38,360 a lot of these AI models? It's effectively to remove repetitive jobs to actually increase 65 00:09:38,360 --> 00:09:51,600 the bottom line. And I think it's very difficult to actually have the legislation to actually 66 00:09:51,600 --> 00:10:02,760 ban deep fakes. I suppose you can enforce that deep fakes have a relevant ID on them 67 00:10:02,760 --> 00:10:13,800 because the term sexually explicit has different connotations from different readers. Support 68 00:10:13,800 --> 00:10:22,040 tech like open banking, well, open banking has been supported for some time, but it's 69 00:10:22,040 --> 00:10:29,440 the initial investment and open finance, but both open finance and open banking need to 70 00:10:29,440 --> 00:10:37,320 have the rock solid controls so they can't be easily breached like a lot of high street 71 00:10:37,320 --> 00:10:48,200 banks have been in the past by ensuring a pro innovation frequency framework. So the 72 00:10:48,200 --> 00:10:56,800 trouble with frameworks is they don't actually work for everybody. So this has to be a framework 73 00:10:56,800 --> 00:11:05,640 which can be reviewed and altered when needed. Public sector tech and procurement, ambitious 74 00:11:05,640 --> 00:11:14,040 vision for public sector tech and procurement insurance delivery on promises like open finance 75 00:11:14,040 --> 00:11:28,080 and climate tech. Well, the main problem is that we've got lots of tech that is procured 76 00:11:28,080 --> 00:11:40,360 by what is it 1.7 million civil servants. There's probably a lot of ancillary people 77 00:11:40,360 --> 00:11:52,360 that are working in this environment. There needs to be a specific badge where you can 78 00:11:52,360 --> 00:12:01,560 almost have a system where you can have a generic case and then you can fit all the 79 00:12:01,560 --> 00:12:11,480 relevant components together so we can have the cheapest of computers for the public sector. 80 00:12:11,480 --> 00:12:20,920 But more importantly, I think there needs to be a very cheap computer that can be sold, 81 00:12:20,920 --> 00:12:32,520 maybe licensed for junior schools, all schools up to and including university. So you can 82 00:12:32,520 --> 00:12:42,320 have different models which will mean that if you're doing plain vanilla work, maybe 83 00:12:42,320 --> 00:12:54,160 sort of where there is a need for a powerful computer or a powerful video interface. But 84 00:12:54,160 --> 00:13:02,840 as soon as you do things like creation of video and editing pictures as part of your 85 00:13:02,840 --> 00:13:16,000 primary task, we can have a model where with the agreement with the tech sector that we 86 00:13:16,000 --> 00:13:30,400 create a interchangeable laptop or remote computer, so computer in a box effectively, 87 00:13:30,400 --> 00:13:37,680 there are a lot of this can be interchanged and then it's just down to the individual 88 00:13:37,680 --> 00:13:51,360 maybe to get a monitor for home use or there's an interchangeable system where the actual 89 00:13:51,360 --> 00:14:00,680 system is just a monitor where you can slot in the rest of the encodes computer and you've 90 00:14:00,680 --> 00:14:10,120 got a product to go. So there's a lot of interesting things that have been brought forward but 91 00:14:10,120 --> 00:14:17,280 there's a lot of still open questions and then the problem is that political manifestos 92 00:14:17,280 --> 00:14:24,320 are not very clear on the outset. I hope we have a lot of meat to this and then there's 93 00:14:24,320 --> 00:14:36,360 a lot of discussions about things to do with energy because the renewables are great, a 94 00:14:36,360 --> 00:14:48,560 lot of the products work well in all seasons but I think we need to look more at hydro 95 00:14:48,560 --> 00:15:00,440 so that usually works in all seasons but winter and also we need to look at nuclear. I think 96 00:15:00,440 --> 00:15:11,840 the whole premise at the moment is it's very difficult to employ electric vehicle charging 97 00:15:11,840 --> 00:15:18,000 bays because they take a long time and not many people would want to stop somewhere for 98 00:15:18,000 --> 00:15:28,560 half an hour or 45 minutes where they potentially have a coffee and sandwich. A lot of these 99 00:15:28,560 --> 00:15:42,640 filling stations have in oil and diesel and gas. I see that we're probably going to have 100 00:15:42,640 --> 00:15:54,560 a mechanism of transfer of hydrogen cells so that you open the bonnet, there's probably 101 00:15:54,560 --> 00:16:05,200 a button where you crack open the top and the system will load this and put it in a 102 00:16:05,200 --> 00:16:12,160 charging pack or put it in the bin ready for the next load and then this particular pack 103 00:16:12,160 --> 00:16:22,520 will go into the car or potentially other vehicles but I think that with a lot of vehicles 104 00:16:22,520 --> 00:16:35,600 needing a variety of hope on their model and we're not going to get a standardized kit. 105 00:16:35,600 --> 00:16:47,240 I think the better model would be to actually create or store hydrogen on site together 106 00:16:47,240 --> 00:16:55,920 with ammonia. I think ammonia probably is the way to go because I think hydrogen cells 107 00:16:55,920 --> 00:17:03,120 will probably be only interchangeable with very small vehicles as well as motorbikes. 108 00:17:03,120 --> 00:17:11,120 So I think ammonia is the way to go where effectively there will probably be a little 109 00:17:11,120 --> 00:17:20,000 longer than standard filling times with diesel or petrol but there'll be some mechanism of 110 00:17:20,000 --> 00:17:29,240 correctly securing your tank of ammonia with the tank on site with the relevant airlocks 111 00:17:29,240 --> 00:17:39,120 etc. and I think we're probably looking at sort of seven to ten minutes for a full tank 112 00:17:39,120 --> 00:17:50,920 which I think a lot of drivers as well as professional drivers will be happy with those 113 00:17:50,920 --> 00:17:59,520 times to actually wait to be fully unloaded with fuel. I see that there's going to be 114 00:17:59,520 --> 00:18:07,240 a mixture of hybrid roles where some people are probably going to have those vehicles 115 00:18:07,240 --> 00:18:16,760 where you are going small distances and other vehicles where there are sort of longer distances 116 00:18:16,760 --> 00:18:28,760 but at the moment with electric vehicles if you are running as service you're losing 117 00:18:28,760 --> 00:18:36,960 or you can't cover to enough clients because the vehicle is standing there charging for 118 00:18:36,960 --> 00:18:44,200 two, three hours of a business day and I think this isn't really viable in the scheme of 119 00:18:44,200 --> 00:18:50,680 things. I mean it isn't an experiment but I think it's going to be an experiment which 120 00:18:50,680 --> 00:19:03,240 goes badly wrong because with the current batteries they're very prone to explosions 121 00:19:03,240 --> 00:19:16,560 if you put them under strain or something penetrates the battery element. So we need 122 00:19:16,560 --> 00:19:27,120 a variety of vehicles, we need a variety of ways to actually get the fuel cell to be 123 00:19:27,120 --> 00:19:38,440 charged divorce-ly which is happening in the rest of the world especially a motorbike. 124 00:19:38,440 --> 00:19:47,920 You have a cylindrical cell which you then remove and you can put straight, I mean effectively 125 00:19:47,920 --> 00:19:59,120 you take out your cylindrical fuel cell, you press a button, it highlights that there is 126 00:19:59,120 --> 00:20:06,760 another fuel cell that is fully or almost charged, you put your fuel cell in and it 127 00:20:06,760 --> 00:20:13,880 locks and then it gives you this other fuel cell so you can ride around. I mean these 128 00:20:13,880 --> 00:20:22,400 only work when you're actually renting that fuel cell and the company will charge you 129 00:20:22,400 --> 00:20:31,880 too much because eventually those fuel cells are going to have to be disposed of and here 130 00:20:31,880 --> 00:20:46,400 is a major issue with renewables where you've got to have a base of concrete for wind turbines, 131 00:20:46,400 --> 00:20:54,640 the blades aren't recyclable and the issue with steel we need to have another metal or 132 00:20:54,640 --> 00:21:01,840 the substance because there is sufficient amount of energy to make these shafts and 133 00:21:01,840 --> 00:21:13,200 with the conversion over to electric arc for making steel this isn't really achievable 134 00:21:13,200 --> 00:21:21,160 or viable and it's the same with solar panel, we have to make sure that we aren't putting 135 00:21:21,160 --> 00:21:32,120 these on arable land or land which can be used for animals, we need to also put them 136 00:21:32,120 --> 00:21:43,480 in a sufficient array so that we are able to, to catch them and then change the angle 137 00:21:43,480 --> 00:21:51,240 of the solar panels so that they're charging at full premium all the time and the wider 138 00:21:51,240 --> 00:22:00,200 land can be used for grazing or a wild habitat which is very difficult to achieve if you 139 00:22:00,200 --> 00:22:12,200 have the panels at, you know, just attached at low level and also you've got a fine amount 140 00:22:12,200 --> 00:22:19,080 of time when they are viable so I think the whole thing is that you have to see the circular 141 00:22:19,080 --> 00:22:28,920 element of all of these issues but I mean it comes to hydrogen so I think there's a 142 00:22:28,920 --> 00:22:40,400 lot of places which flood or have more water seasonally, now there should be the element 143 00:22:40,400 --> 00:22:54,520 of environmental dredging but I think for the sake of a very small area we should have 144 00:22:54,520 --> 00:23:06,360 channels which are created so that this excess water can be used as part of a Hydro Engineering 145 00:23:06,360 --> 00:23:21,160 initiative and then this water will be diverted from major towns and cities and can then flow 146 00:23:21,160 --> 00:23:35,400 out to the oceans or potentially with a lot of thought, you know, as a conventional hydro 147 00:23:35,400 --> 00:23:43,240 system works you want to pump back some of the water so that you're collecting water 148 00:23:43,240 --> 00:23:52,240 from rainfall and you're generating more energy than you expend so I think this should be 149 00:23:52,240 --> 00:24:04,520 something that is thought about maybe on a number of sections or maybe we can pick, you 150 00:24:04,520 --> 00:24:16,080 know, using geological data where best we might have long or short examples to actually 151 00:24:16,080 --> 00:24:26,560 validate the idea so it is a start, it's probably going to be an interesting ride with the labour 152 00:24:26,560 --> 00:24:36,120 party when these promises unfold but will they deliver the goods and propel the UK into 153 00:24:36,120 --> 00:24:45,640 a new era of innovation because I think only innovation will get the investment and I think 154 00:24:45,640 --> 00:24:52,400 they need to reach over to a number of ideas from across the pond in America, they have 155 00:24:52,400 --> 00:25:03,280 had the CHIPS Act and the investment in semiconductors, memory, sensors and so forth has gone off 156 00:25:03,280 --> 00:25:15,720 the mark and I think that initial investment and relevant incentives that have been done 157 00:25:15,720 --> 00:25:23,760 has paid off handsomely because you're going to have generations of semiconductor industries 158 00:25:23,760 --> 00:25:33,760 into the future. We do not want to have any other semiconductor or pharmaceutical company 159 00:25:33,760 --> 00:25:41,640 actually leaving our shores which is happening in at the moment and I think it needs to be 160 00:25:41,640 --> 00:25:53,000 from the government to identify those particular micro sectors which we will now need now and 161 00:25:53,000 --> 00:26:03,240 in the future so we can aim to strive to be the number one or number two in semiconductors, 162 00:26:03,240 --> 00:26:26,480 AI, pharmaceuticals as well as the fuel alternatives as well as manufacturing a set of computers 163 00:26:26,480 --> 00:26:40,320 which will be used for education and educational purposes as well as the situation where we 164 00:26:40,320 --> 00:26:47,280 need to seize every opportunity that comes out why because the only way out of this is 165 00:26:47,280 --> 00:26:56,960 to have growth and have education to strive to these new industries which historically 166 00:26:56,960 --> 00:27:06,440 have been the way forward where people can have sort of reasonable and large salaries 167 00:27:06,440 --> 00:27:22,480 that is further monies into the coffers to actually have this as a full ring system so 168 00:27:22,480 --> 00:27:33,440 further investment can be made off the back of previous investment which would then have 169 00:27:33,440 --> 00:27:45,760 higher paid workers who will have the money and wherewithal to actually go out to restaurants 170 00:27:45,760 --> 00:27:54,080 and pubs have all of the opportunities to have that downtime to enjoy themselves rather 171 00:27:54,080 --> 00:28:03,680 than having no money and just doing local pursuits as well as they're going to have 172 00:28:03,680 --> 00:28:13,560 enough money to buy the relevant accommodation that they need and the other thing is that 173 00:28:13,560 --> 00:28:25,600 the same people if you have a fund they could then have a special fund where not just sophisticated 174 00:28:25,600 --> 00:28:38,320 investors but you can have something like an ISA where you're investing in the government 175 00:28:38,320 --> 00:28:50,880 where you are protected like an EISA so you put in one pound and 50 of it is protected 176 00:28:50,880 --> 00:28:58,000 and the other 50 goes in these relevant schemes and I think that will be a quite popular thing 177 00:28:58,000 --> 00:29:09,200 to actually do but as I said we're only at day one a lot of these manifest elements need 178 00:29:09,200 --> 00:29:23,080 to be further discussed and rounded but I think that they need to look forward and not 179 00:29:23,080 --> 00:29:32,720 make the mistakes of other countries by not actually taking a few strides forward using 180 00:29:32,720 --> 00:29:39,840 the bleeding edge technology rather than using a lot of current technology which isn't fit 181 00:29:39,840 --> 00:29:50,800 for purpose so thank you very much for your time if you could join my channel if you could 182 00:29:50,800 --> 00:29:57,760 share that this channel is available and get other people to listen to it can you leave 183 00:29:57,760 --> 00:30:04,040 a comment and can you let me know what other information you would like me to talk about 184 00:30:04,040 --> 00:30:21,800 so thank you very much for listening and goodbye.