” UK Government Heralds WTO Export Deal – But All That Money Will Do Very Little For the UK Economy”

END WTO#AceNewsServices says a landmark global trade deal, which will boost the UK economy by more than £1bn a year was heralded by Prime Minister David Cameron today.

Sounds great and almost too good to be true but of course behind every headline is a real truth wanting to get out, well this deal is no different. The companies that benefit from the £1 billion trade deal will be the some of the 100 that have duly supported all the austerity measures so far, with more to come. Well you have to pay for the 134 hangers-on that visited China, the word paternalism comes to mind in this case. The real truth about this deal is those that need it most will not even get a sniff, and those that need it least will benefit to the tune of hundreds of thousands of pounds!

The emphasis will be on jobs and of course we all want full-time employment, or wage slaves willing as l have found out to work for less than the minimum wage, just for the fear of losing their benefits. The cost of these jobs to the “British People” apart from their self-respect well short-term contracts for long-term gain for the companies that benefit.

Well as long as the economy benefits it would seem a good deal, but truth as l have said is stranger than fiction and exports for companies who can afford it, such as Ford, Jaguar and JCB means massive profits. These massive profits though will not benefit the UK to the tune of £1.00 ,as all these companies have offshore domains and bank accounts to match. So all their profits will not come back into the UK ,but be held offshore until one day they need to fund another “Trade Deal” and can look like they are re-investing into the “British Economy” with one hand and taking it out with the other.

 

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New Council Bands Not For The Rich Says Osborne

English: A Western Australia impressed duty st...

English: A Western Australia impressed duty stamp for eleven shillings and three pence. (Photo credit: Wikipedia)

The Government has dismissed speculation that new council tax bands will be introduced to recoup more revenue from the wealthiest homeowners. It follows reports the government was considering additional bands for homes valued over £1,1.2,and £2 million. Most papers report that George Osborne is now expected to raise stamp duty in next month’s Autumn Statement to compensate. 

So finally George Osborne gets off the fence the opposition party put him on, and hoists his colours to the main party-line!  Well that took a while but was it worth waiting for? Not really! Same old, same old rhetoric, of protect the wealthy! As one day they may vote us back in as the only party, no coalition this time! And as a way to sweeten the pot, no stamp duty for the rich this time around!

So what do we get instead, oh yes a hidden agenda of raising stamp duty, but for who and at what cost to people’s housing aspirations, not really clear on this either, and l quote! An increase in either stamp duty or capital gains tax are other possibilities if the council tax option is ruled out. Seems pretty certain then we all know what he is going to do in next months budget!

Either way someone will pay, and l would not take bets if, if l were a betting man, it will not be the beleaguered tax payer, ever willing to shoulders this governments, ineptitude!

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