Politicians forced to flee from angry protesters

Like banker's bonuses, tax loopholes for non-dom Tory party donors, etc. you mean :confused:

Why do those loopholes exist still considering we have endured a supposedly socialist labour Govt since 1997.

As we have seen only today, hedgefunds leaving the UK for countries like Switzerland because they offer better tax benefits and are more welcoming to their sector currently.

The estimated loss to the treasury for just one hedgefund leaving...£200m this year alone.

All that happens is that the finance sector which is responsible for a large part of our economy will find somewhere else to do business, that helps no-one.

As for Tory Non-Doms. Lord Paul anyone?
 
Are you really that stupid that you can't realise that people normally get bonuses based on specific targets?
You mean the bankers were targetted with losing an absolute bloody fortune so as to allow them to get their hands on the keys of the treasury then :eek:

Whereas I relieve in controlling the unbridled greed of capitalists, you really do believe in conspiracy theories don't you :p
 
You mean the bankers were targetted with losing an absolute bloody fortune so as to allow them to get their hands on the keys of the treasury then :eek:

Whereas I relieve in controlling the unbridled greed of capitalists, you really do believe in conspiracy theories don't you :p

Seriously, just read some of your posts back one day. I understand you're a very jealous person but are you really as stupid as you make out?
 
The risk of a so-called brain drain in the financial service industry is overstated. Foreign governments who once look enviously at London and genuinely did try to attract the banks to their shores now see the enormous weight around the British government's neck and are considerable less eager to become the world's financial capital themselves. The most successful bankers are successful because of the people around them, moving to a new team in a foreign country where the pool of available talent is considerably smaller carries with it significant risk that the success they had in London isn't transferable.
Don't be so sure, the rest of Europe looks on enviously at our banks as they are still a huge contributor to our economy. Even our government is sitting on a paper profit now following the capital they put into British banks, and that's even during the worst of the downturn.
 
Don't be so sure, the rest of Europe looks on enviously at our banks as they are still a huge contributor to our economy. Even our government is sitting on a paper profit now following the capital they put into British banks, and that's even during the worst of the downturn.

Does "the rest of Europe" include Ireland with their 35% fiscal deficit? I think France and Germany would rather have their own economy than ours or Ireland's right now.
 
Does "the rest of Europe" include Ireland with their 35% fiscal deficit? I think France and Germany would rather have their own economy than ours or Ireland's right now.

Our economy is not comparable with Ireland's so I fail to see why you lump them together.

No-one wants Ireland's, Spain's, Portugal's or Greece's economic problems right now that's for sure. We however are not in the same situation and have far more in common with France and Germany than any of those.

But it does illustrate why we need to make the cuts that the coalition are discussing, and no amount of socialist hogwash can change the reality of the situation.
 
Our economy is not comparable with Ireland's so I fail to see why you lump them together.

No-one wants Ireland's, Spain's, Portugal's or Greece's economic problems right now that's for sure. We however are not in the same situation and have far more in common with France and Germany than any of those.

But it does illustrate why we need to make the cuts that the coalition are discussing, and no amount of socialist hogwash can change the reality of the situation.

Correct me if I'm wrong, but wasn't Ireland recently lauded by the right in this country for the way it has cut its spending? Well now we can see the result, unemployment leading to emigration and a house price crash that means their banks need bailout after bailout. Yes we're not Ireland but there are similarities in that both of our economies are based on financial services and attracting foreign companies to our shores (who leave for their home country when the going gets tough). The danger is that we follow Ireland with George's cuts-with-relish, I'd be a lot more comfortable cutting 20% off the budget over 8 years than unnecessarily cutting 25% over 5 years.
 
Castiel said:
think it's quite the opposite, most people realise that the cuts are necessary. Short term pain for long term gain makes perfect sense to me.

Hold on a second. Imagine the scenario, each year your department makes more efficiency changes and cost savings than other departments. But never at the detriment of the service that is provided.


Now all of a sudden that department is told that because of failings of some other department in another company (nothing to do with them) the savings that are made each year are nowhere near enough.

The problem is, for this lean, efficiently run department, it is already lean with its own costcutting so when its turn comes where it is forced to make X savings (X being a random number based on how big the ****** is)

It cannot do much except reduce the service and make people redundant. service suffers, customers suffer and not because that department was slovenly, or even if the company itself was poorly run....



No unfortunately somebody somewhere else had (and still does) a stranglehold on the economic lifeblood of the nation...and unfortunately when you gamble for giggles with large amounts of numbers on a screen that has the unfortunate side-effect of shafting everyone else.

So no actually these cuts in my opinion are not logical and not necessary. Does it make sense to punish and reduce a service which is meeting all targets? Does it make sense to suddenly change the targets so as to make them impossible to achieve (without the aforementioned reduction of service and job losses)

It is no more necessary than if some malicious sick person says "if you dont put your hand into the garbage disposal i will kill your brother" So i guess it seems necessary to do what this madman asks right?

Thats why we should not be making these cuts (certainly not to this level) because consider the source. Do you punish those who are law-abiding, save money, are efficient? OR do you punish those whose arrogance and greed caused this whole calamity.....
 
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