Tory Scum

[Rolluplostinspace]

Hammond’s £19bn bill to 'end austerity'
The government will have to find an extra £19bn a year if it is to uphold Theresa May's promise that "austerity is over", a major report has said.

In its pre-Budget report, the Institute for Fiscal Studies says it means higher borrowing and higher taxes.

If not, pledges to raise NHS spending by £20.5bn and "balance the books" by 2020, matching spending and taxation, were likely to be incompatible.

The Treasury said its approach was to keep taxes as low as possible.

A Treasury spokesperson said: "Our balanced approach is getting debt falling and supporting our vital public services, while keeping taxes as low as possible. This year, we have already committed an extra £20.5bn a year to the NHS, scrapped the public sector pay cap, and frozen fuel duty for the ninth year in a row."
'Incompatible offers'

"The government seems to have made two incompatible offers to the electorate," Paul Johnson, the director of the IFS told me.
https://www.bbc.co.uk/news/business-45863582

[Rolluplostinspace]

West Coast rail: Virgin Trains and Stagecoach net £51.2m in dividends

Virgin Trains and Stagecoach shared in £51.2m worth of dividends from the West Coast main line railway, shortly before walking away from another franchise.

Virgin Rail Group's dividends, for the year ending 31 March 2018, are almost double the £27.9m that was given back to its shareholders in 2015.

The details come after the firms' East Coast franchise collapsed in June, with the government losing out on £2.3bn.

Virgin said strong performance had led to record payments for taxpayers.

But Labour said the failing rail system was "lining the pockets of billionaires".
https://www.bbc.co.uk/news/business-458 ... KRU5YyIzoA

[jra]

Virgin and previous governments (Labour and Conservative) have failed on proper delivery of projects on the WCML, ECML and cross country routes.

Lack of in cab signalling on the WCML and ECML enabling 140+ mph running. This has still to happen and maximum speed is limited to 125 mph. The government claims this is prohibitively expensive and because of overrunning costs. No shit Sherlock. If you got these projects done more quickly then you'd keep the costs of implementation down.Why does anything regarding railways take so long in the UK. The Thameslink Programme was delivered 18/19 years late due to bureaucratic red tape. HS2 is going to take an age to deliver when it should have been done ages ago. Electrification on many parts of the UK railway network should have been delivered decades ago like in many European countries.

Lack of tilting capability on the ECML even though the current rolling stock (class 91) has the capability, as the mark IV rolling stock carriages have a tilting profile. The tilting gear has in the meantime been removed.

Removal/cascading of most the HST rolling stock on cross country routes, being replaced with Voyagers (class 220/221 - the latter haven tilting capability but usually don't, same old same old) which are usually shorter trains, leading to overcrowding.

Typically 'half painting a wall' scenarios, aka scaled down projects.

We've got the same now with electrification on the GWML and MML. Both projects have been scaled back due to lack of government investment and the usual excuse of overrunning costs.

It's about time governments and franchise operators (TOCs) took railway investment a bit more seriously and do the job properly, rather than a half-hearted attempt in many cases.

The other thing being our lack of a decent high speed railway network system, unlike in France, Germany, Italy and Spain.

Dawlish Sea Wall. We've known for many years that it is vulnerable to sea erosion and there is an urgent need to provide an alternative/relief route into Devon and Cornwall. Has this been done? No.

End of rant.

[Cannydc]

None of that matters, we are absolutely loaded, austerity is over and we are blowing £100 Billion on a 20 minute cut in journey time London - Birmingham.

Rejoice !!!

https://www.telegraph.co.uk/politics/20 ... -minister/

[Tommy Tank Engine]

None of that matters, we are absolutely loaded, austerity is over and we are blowing £100 Billion on a 20 minute cut in journey time London - Birmingham.

Rejoice !!!

https://www.telegraph.co.uk/politics/20 ... -minister/

Austerity is well and truly over, Mrs May said so so get over it!

[Guest]

None of that matters, we are absolutely loaded, austerity is over and we are blowing £100 Billion on a 20 minute cut in journey time London - Birmingham.

Rejoice !!!

https://www.telegraph.co.uk/politics/20 ... -minister/

Austerity is well and truly over, Mrs May said so so get over it!

Theresa May’s boast that she has ended austerity is a sham, experts warn today.

The Prime Minister declared that years of cruel Tory cuts were over in her conference speech this month - and promised voters that “better days” lie ahead.

But the Institute for Fiscal Studies said she would need to magic up a massive £19billion a year just to achieve a “minimal definition” of ending austerity.

And even if she achieved the impossible that would still leave a devastating £7billion worth of savage cuts to social security.
https://www.mirror.co.uk/news/politics/ ... irror_main

[Cannydc]

None of that matters, we are absolutely loaded, austerity is over and we are blowing £100 Billion on a 20 minute cut in journey time London - Birmingham.

Rejoice !!!

https://www.telegraph.co.uk/politics/20 ... -minister/

Austerity is well and truly over, Mrs May said so so get over it!

Theresa May’s boast that she has ended austerity is a sham, experts warn today.

The Prime Minister declared that years of cruel Tory cuts were over in her conference speech this month - and promised voters that “better days” lie ahead.

But the Institute for Fiscal Studies said she would need to magic up a massive £19billion a year just to achieve a “minimal definition” of ending austerity.

And even if she achieved the impossible that would still leave a devastating £7billion worth of savage cuts to social security.
https://www.mirror.co.uk/news/politics/ ... irror_main

Corbyn ripped her a new one at PMQs on austerity. Strangely, she repeatedly failed to repeat her untimely boast...

[Guest]

None of that matters, we are absolutely loaded, austerity is over and we are blowing £100 Billion on a 20 minute cut in journey time London - Birmingham.

Rejoice !!!

https://www.telegraph.co.uk/politics/20 ... -minister/

Austerity is well and truly over, Mrs May said so so get over it!

Theresa May’s boast that she has ended austerity is a sham, experts warn today.

The Prime Minister declared that years of cruel Tory cuts were over in her conference speech this month - and promised voters that “better days” lie ahead.

But the Institute for Fiscal Studies said she would need to magic up a massive £19billion a year just to achieve a “minimal definition” of ending austerity.

And even if she achieved the impossible that would still leave a devastating £7billion worth of savage cuts to social security.
https://www.mirror.co.uk/news/politics/ ... irror_main

Corbyn ripped her a new one at PMQs on austerity. Strangely, she repeatedly failed to repeat her untimely boast...

Comrade Corbyn is a Russian puppet.

[Cannydc]

And you are a Daily Heil shill....

[Guest]

Care workers, cleaners, cops and cashiers paid more in tax than the owner of Cadbury last year as the Conservative con that we’re all in this together unravels.

Despite recording a profit of more than £185 million Cadbury owner Mondelez UK paid no corporation tax in Britain last year, meaning most workers in Britain contributed more to the treasury’s coffers than the new owners of the UK’s historic chocolate brand.

Chris Henry wrote on Twitter, “I’m a care worker. I paid more tax than the owner of Cadburys this year. Do I really need to elaborate?”

Mondelez UK, which is a subsidiary of US giant Mondelez International, recorded a 740 per cent jump in profit for the year to 31 December, with turnover rising to £1.66 billion from £1.65 billion.

However, in documents filed at Companies House, Mondelez reported that it paid no tax last year, and in fact recorded a tax credit of £320,000.

Meanwhile, a dividend of £247 million was paid to its immediate owner, Kraft Foods Schweiz Holdings, which is incorporated in Switzerland.

Speaking to the Mirror, Shadow chancellor John McDonnell said: “This is outrageous.

https://www.thelondoneconomic.com/opini ... con/15/10/

#ToryScumOut!

[MungoBrush]

Care workers, cleaners, cops and cashiers paid more in tax than the owner of Cadbury last year as the Conservative con that we’re all in this together unravels.

Despite recording a profit of more than £185 million Cadbury owner Mondelez UK paid no corporation tax in Britain last year, meaning most workers in Britain contributed more to the treasury’s coffers than the new owners of the UK’s historic chocolate brand.

Chris Henry wrote on Twitter, “I’m a care worker. I paid more tax than the owner of Cadburys this year. Do I really need to elaborate?”

Mondelez UK, which is a subsidiary of US giant Mondelez International, recorded a 740 per cent jump in profit for the year to 31 December, with turnover rising to £1.66 billion from £1.65 billion.

However, in documents filed at Companies House, Mondelez reported that it paid no tax last year, and in fact recorded a tax credit of £320,000.

Meanwhile, a dividend of £247 million was paid to its immediate owner, Kraft Foods Schweiz Holdings, which is incorporated in Switzerland.

Speaking to the Mirror, Shadow chancellor John McDonnell said: “This is outrageous.

https://www.thelondoneconomic.com/opini ... con/15/10/

#ToryScumOut!

More fake news from the ratbag fringe I see

Kraft pay corporation taxes in Switzerland, not the UK
UK has double-taxation arrangements with most countries in the world as I am sure that Cannydc's wife will explain
It works both ways.
Many UK companies pay no corporation taxes in the countries in which they operate, chosing instead to pay all of the tax in the UK
I worked for UK companies in Australia, where they paid no Australian corporation tax.

What's the problem?
This is normal internationally agreed taxation policy.

[Guest]

[Cannydc]

LOLOL

You'll be telling us next that Vodaphone 'getting off' a £6bn tax bill in 2010 was part of an international agreement.

Hilarious.

[Guest]

[Rolluplostinspace]