The way things are going at the moment, there won’t be any politicians left to run
the country with the main parties having to expend all their energies fighting off
accusations of wrongdoing either of a sexual nature or getting up to no good by doing
their own thing by not behaving themselves in a political way and following accepted
procedures as becomes a government minister (secretary of states). Then we have the
paradise papers leaks were no one seems above making a few bob by avoiding tax. I
have noticed (so far) that HMRC have kept it’s head down (so far) as a few years
they flogged a lot of their government buildings to off-shore investment companies
in an effort to save money. Those very off-shore companies they are currently chasing
in an effort to obtain tax revenues currently being avoided. You can’t make it up,
I’ll have to put a lot of thought into another subject where there must be a better
way to run a country than the current group seems to be doing. I know, how about
introducing a similar law as Ireland recently did to catch some of ‘googles’ avoided
millions in avoided tax on their profits. Mind you, it would need to be somewhat
more tightly drafted as they simply moved to another tax efficient country (Jersey)
who won the ‘bid’ for processing their profits.
One place to start would be to ensure the major auditors either do their job properly
or pay a severe penalty. Having missed the odd £million in mistaken profits at Tesco,
the auditors simply washed their hands by saying they accepted what the management
told them. So what exactly were they paid for?
Talking about auditors, I was reminded on money box today (BBC R4) that when the
government wanted to tighten up some of the tax avoidance loop-holes, who did they
call in to advise? Yep, representatives of big business and the large auditing LLPs
(Limited Liability Partnerships!). They who will benefit most from any changes!!
What a way to run a country??
Update 17th Nov 2017
It’s PFI all over again with the announcement that Housing Associations are no longer
to be considered public bodies, but private companies. Government thinks this will
go a long way to increasing the housing stock for some reason, but we all know that
borrowing of public companies remains on the government book of debts. PFI was a
cunning plan to get private companies to pay for (and profit from) public projects
by removing the huge borrowing ‘off the books’ and we all what a great success that
is for financial organisations (but not the NHS or schools). Now it’s the turn of
housing. Not content with making housing associations sell to their tenants, now
they have to make a profit to make the interest and capital payments to overseas
bankers. Sound familiar??
Budget 2018(Nov 22nd 2017)
If I didn’t know better, this was an election budget for 2018/19, with lots of spending
promises but little about it will be paid for. In fact, exactly what the conservatives
say about Labour, so I can only suppose that the money will come from the money tree
that is used to pay for all the improvements to the new USE members infrastructure
and foreign aid and official pensions and will not be needed once we leave USE.
17 January 2018
What can anyone say? The Conservative mantra that big business always is cheaper
and does things better and better managed than the public sector seems a little hollow
to all the small companies caught up in the demise of Carillion. They did all the
right things for the wrong reasons. Bid for contracts and get someone else to do
the work. If you didn’t get the contract, buy out the company who did. Stick your
name on everything and sit back and wonder why the public sector didn’t do the same,
as if they can make money, the public sector must be able to do it at less cost to
I was once told by a committed conservative when I queried this ideology that only
the private sector could manage! If only that was true. I keep getting reminded that
my idea that management in this country leaves a lot to be desired is frequently
confirmed. Not not only talking about the private sector, but the public sector is
just as bad. We just can’t manage these days. Strangely, there are actually a number
of good managers around but finding them is the problem!
This evening, there are promises that some workers/sub-contractors should be paid
from the liquidation date (last Monday) but many contractors on building sites are
unable to get onto site to even get their tools or plant, so things are not looking
rosy at the moment. There is naturally no mention on the £millions lost by the company
or even work carried out, paid for but not passed onto those who are owed the money
- this will disappear into the liquidators pot who, along with the banks and HMRC
will be way above the unsecured creditors (this from someone in the been there, lost
that situation in the past). Of course, without their tools, how are the construction
workers supposed to move to jobs where they stand a better chance of getting paid?
Now about all these homes that the government has promised?
As you see, it’s all interconnected and government seem oblivious to the situation,
but they are right!!