It's amazing that they didn't mention once the massive tax avoidance strategy of big corporations like Amazon, Google, Facebook and other transnational corporations. Rather than raising taxes on local small businesses, we should finally tackle the tax avoidance practices of the big corporations. In addition to that point, the gouvernement knows where is the money hidden of those richest individuals who have offshore accounts with the help of City of London. If we have a gouvernement working for people, these issues would be fixed overnight. We could raise over £30 billions per year and avoid raising taxes on small businesses and middle class families who have already been heavily affected by the downturn.

@TheBaconWizard

3 жыл бұрын

This.

@SteveFisher0571

3 жыл бұрын

The will of the people voted against this though

@MrLense

3 жыл бұрын

You can't though that's the thing. The government doesn't have jurisdiction in Luxembourg, Ireland and the US where these companies set up their HQs. These big companies are smart enough and have an army of lawyers to literally abuse every loophole in tax legislation.

@parastroika2393

3 жыл бұрын

These companies are almost States unto themselves. They're too powerful now.

@The3Pragmatic

3 жыл бұрын

​@@MrLense Do you really believe the government cannot do it OR don't have the willing to do it? I strongly think that it is possible to tax these companies. Actually, there are many ways of doing it. One of the most sensible one would be to tax them on the basis of where their sales, assets and labour force are located and not where they have decided to “book” their profits. HMRC can monitor those parameters. If you are right and we cannot do it, then there is a massive question mark about whether we are still living in a democracy where UK citizens can legislate and control their country's tax affairs. If we do not fix this tax avoidance issue, we will continue to unfairly tax middle class families and small businesses.

Inflation is a hidden tax that almost nobody is aware.

@parastroika2393

3 жыл бұрын

I have to laugh when companies act like they're raising wages after years of purchasing power being eaten away by inflation.

@lucapuzzoli8363

3 жыл бұрын

@@parastroika2393 so true..

@ExiledGypsy

3 жыл бұрын

Inflation is more complex than that. It is also a side effect of wider distribution of wealth. But what is not complex is that deflation is far worse. Tax obsessed people and those who view income inequality as a good thing are the only people who prefer deflation.

@lucapuzzoli8363

3 жыл бұрын

@@ExiledGypsy Actually the real meaning or inflation is an expansion of the money supply. It may seems like prices are going up but that is not the case. It's our currency getting devalue.

@ExiledGypsy

3 жыл бұрын

@@lucapuzzoli8363 Repeat, you have a limited view of inflation. With all the quantitative easing that has been done since 2008 and the abscense of serious inflation makes a mockery of what you just said. Why? because the additional money has not been spread around, remaining in the hands of banks and few others. In the 70s we had serious inflation because wages kept going up and thereby prices went up and so on. But since wages have remained pretty much stagnant for the majority there has only been limited price inflation is certain sectors of the market mainly to push up profits for shareholders under the doctrine of indefinate growth.

I’ve worked throughout, why should I be paying for your mistake

@neil2226

3 жыл бұрын

J Edge that’s it, just shut up and pay up even though everything that’s happened since February is a fraud to the people

@boboboborific

3 жыл бұрын

Because the value of your assets and labour is not fixed at the level it is, just because you worked really hard. Value is determined in relation to numerous things likely beyond both our immediate perception, and even if you work in a field where you offer a limited supply to an outrageous demand, how much of your demand is down to the guarantees of previous economic conditions? What are the conditions of your customers?

@andrewbravery5114

3 жыл бұрын

Because "your all in this together"

@PooleAcademyofWingChun

3 жыл бұрын

Its all the government fault and no one else’s

@Twichblade

3 жыл бұрын

Because either way you pay. Be thankful you have a job over a MILLION HAVE LOST THEIRS 🤬🤬🤬🤬🤬🤬

Sweden is laughing all the way to the bank.

@kajiversen4076

3 жыл бұрын

Hrafn of Thule That’s true they have made a win win situation by creating a massive raise in pensioners dying, so they are saving future pensions and cost - Johnson took It further by sending COVID sick into care homes to speed up the process

@hrafnofthule5962

3 жыл бұрын

@@kajiversen4076 Sweden needs all the money for the immigrants, Malmo is bankrupt, Gothenburg not far off. Only county's with the majority of the people who are indigenous are not in the red. Halland being one.

@BlackedoutGT

3 жыл бұрын

@@hrafnofthule5962 which western countries are not in the red?

@Magiktcup

3 жыл бұрын

Sweden shot themselves in the foot but not going on lockdown.

Maybe end the absolute madness of a mistake and return to normal?

@TheMrsnikkisixx

3 жыл бұрын

Absolutely! It should never have happened in the first place!

Stop foreign aid

@compendioussuccient6784

3 жыл бұрын

Bart Perry it’s being stopped. We don’t need to find Indian space exploration. Feel free to spend your own money though ..

@sagittariusa2283

3 жыл бұрын

@Benjamin Roxburgh Russia China? We just gave China millions in foreign aid

@crashfaff

3 жыл бұрын

Foreign aid is just international influence points for the UK 👌 Why you think Pakistan and Syria get so much more than other 'poorer' countries

top secret: it's taxes!

More mass migration. Simple. If you understood how our economy worked, you would grasp this. We are running a population Ponzi scheme, and a population Ponzi scheme requires the perpetual growth of a population (via mass migration) to prop up/grow the economy. We are running an inherently unsustainable country (on many, many levels), when we should be focusing on how to build a sustainable and efficient nation. It will assuredly end in collapse.

@janejan9728

3 жыл бұрын

Mass migration works on the concept that your migrants will be working instead of leeching though. Generational welfare dependency is very high even without migration, and there's no reason to think that welfare migrants would behave any differently than welfare natives. The migrants would need to be from higher education levels, and they'd also need to be in a position of providing for themselves. Neither of those requirements are fulfilled with the current system.

"We were given bad information and led to believe this health crisis would be ten times worse than it actually was. We took drastic actions accordingly as we felt that was necessary at the time but we now admit it was a mistake. We continue to advise regular handwashing and care taken especially when interacting with the elderly and those in other at risk groups but aside from that we no longer see any reason to impede the daily lives of the rest of the population any further. To help fund the rebuilding of our economy we have cut all foreign aid and will immediately begin deporting all foreign criminals and failed asylum applicants." I can dream.

@connorgriff7388

3 жыл бұрын

Nope they have an agenda theyre goal is to destroy the west

No tax rises needed. UK controls it's own currency Billions "printed" at 0% interest rate. This dilutes the money supply. Thus inflation becomes the tax.

They've finally found the magic money 🌲🌳🌲🌳 and they're glorious!!! 👍😁

TAX on the NHS. Get f-ed.

> GBP 150 billion borrowed, social norms disrupted, normalization of incivility and fear of "others" all to save a small number of people who would normally have died of the flu in the following 12 months anyway. 2020 Excess death rate is the 8th lowest in the last 35 years. If I was genuinely at risk - aged and infirm - I would be utterly horrified at the enthusiasm to pour money into "saving me" at the end of my lifetime for a short period and burdening society far into the future. It is utterly disproportionate, a disgraceful, histrionic display of how far we have sunk and how totally unhinged we are from reality. The stupidity of the whole affair will go down as one of the biggest cock ups in history. We have become pathetic, tolerating and even promoting self harm to ourselves, our children and our society with our stupidity.

@gavinjames1145

3 жыл бұрын

A massive mistake from OUR point of view, but a massive win for the Globalists. We'll have to see who gets to write the history books on this one.

Oh, yes - always expect the work force (especially Canary Wharf financial institutions) to pick up a bill. Yet, they consistently fail to address spendings - lazy ppl on benefits, generous council estates rents, the cost of obesity on the NHS, etc.

Since the £190 billion is printed money, that is, ex nihilio, and therefore not borrowed, any cost will be on the people to 'repay' one way or another something that never existed in the first place.

What I would do is lower state pension age too 55 aging get them spending there money earlier rather than making them work to over 70 is wrong because the younger can’t get jobs cause there filled with people who can’t retire. Yknow I don’t want retire over 70 you get your pension then your dead five years later. Plus maybe they could semi retire earlier and train younger people in jobs that will need filling. Sack council mangers too only need one manager

set up a go fund me for England

Well , he is not going to cover that cost at all. He is from the traditional political upper class and his decisions do not affect him personally. If you have studied Philosophy, Politics and Economics (this is a another way to describe "the fast track to the political elite course" ) at Lincoln College, Oxford, you might as well be from another planet. Thats a problem with the whole political system in place at the moment, the people in charge have nothing to do with the 99%. His intentions might be good, but the fact that the consequenses of the matter will have no impact on him and his fellows will certainly play a part.

By culling more pensions this winter

Who are we borrowing FROM? When people start talking about the ‘wealthier older generation’ who exactly are they talking about? And why are we not talking about this as an international problem, and how the nations of the world have to reset the global economic system and usher in a new and more sustainable means of supporting the people and planet. Am very surprised that no one even mentioned the extraordinary way wealth has been siphoned off into the hands of the super rich and how we start taxing them to readjust the balance. Instead we are still not even thinking creatively about how to GENERATE wealth. Nobody in government yet even thinking about how that happens and why the last ten years have not driven the miracle that the tories promised, that their fiscal handling would help provide for the nation in a better way. It simply never materialised, instead they have quite literally been throwing away billions of public money with no return at all. They need to start building, start increasing incomes so people can spend locally, and need to get their sticky mits off the NHS and stop regarding it as a potential cash cow, and an offering to the already wealthy. I thought the pandemic threw into high relief just who the people are on who this country depends, and it certainly is not the super rich leeches, who are surviving on the handout of monstrous contracts and running everything so badly. A new deal on working conditions could also be forged, but really no one is even thinking straight, what it being proposed is not the changes that are desperately needed but more ways of showing up the already badly flawed status quo.

It is absolutely inconceivable that the Indian electorate would accept an English finance minister.

Why, by fiat currency debasement via the stealth tax of inflation, of course.

Shy they even mention the cutting in expenses?????.

The magic money tree of course (TAX), did you do a whole segment on this really?

Rishi Sunak tells Tory MPs: No tax rise 'horror show' (just yet)....

Go off shore when all the money has gone. These people need to pay something towards all that they have taken out.

Who ever man made or not where ever the virus came from should be held responsible to pay a lot

Our total debt is 2 trillion The US total dept is 21 trillion and the whole world still sucks up to the dollar ...

If they're the best fiscal minds they could find I think I'll stick with the existing chancellor thanks

Britain's got one of the greatest economies in the world. Revenue is not the problem, it's spending. New Labour increased welfare spending by 60%. As Michael Portillo said, there's been no austerity. The Conservatives have not made anywhere near the cuts they should have prior to Covid. Einstein once quipped, regarding scientific theory, "keep things as simple as possible, no simpler". The same should apply to public spending. Spend what you can afford and no more than that.

The working people who are on PAYE who cant avoid paying their fair share of tax. While the politicians who mess tings up are never held accountable for their crimes. Maybe we should stop voting until we have a political system where nobody can profit from it?

how can have debt when its paper got no gold or silver thats backed by it the private bank of england they just have it printed backed by nothing and ts there debt not our debt

@gavinjames1145

3 жыл бұрын

Yes, at this point it would be better if the Government started printing their own alternative currency and just let the Bank of England collapse. But of course that won't be allowed to happen.

The money borrowed was worth no more than the paper it was printed on. All we did was shift our own wealth around. We owe feck all.

The Bank of England website clearly states it created over £745 billion in quantitative easing. Sure they can just 'create' more....it's not a great model. So as much as I can, I have moved out of fiat based currencies. Closing my bank accounts was the best thing I've done in a long time!

If they keep paying Linaker, maintaining Foreign Aid and going ahead with HS2, there isn’t a problem surely?

The money trees in off shore accounts, tax avoidance loop holes, might be worth an examination. Only a joke,

they dont need cross party support. they have an 80 seat majority.

You don't need three guesses...

Do Labour’s Rich Tax Plan... oh wait, you’re tories and rich, never mind.

Bankers should pay

The public sector needs to be reduced. It’s unsustainable to have so much public spending. What politicians are going to do is digitally print money and the government will buy its own debt bonds pushing down interest rates. Keynesian type new deal policies will lead to stagflation. Accelerating massive asset price inflation requiring even more money printing to avoid a crash. The crash will come and the more money the government spends the worse it will be

guys calm down, no ones gonna have to pay this, .. its just theoretic debt, doesnt need to be paid at all.. its all just on paper theres as much money as its needed, no limit for the government

Be honest with us? That’ll be a first

Here's a suggestion stop spending 1 billion a month on 4 star hotels for the immigrants you are so keen to accept,and cancel the 14 billion you spend a year on bribes (or overseas aid,as you call it).

Fkn HILARIOUS,we have no serious news or government lmmfao smmfh

Cut spending

Like every other country it looks like we will be paying for it

Pay with taxes the most of it, print the rest, doom the young generation you've tried to protect. All that because 60,000 old and sickly people died, a fair trade, I have no doubt that most of them were Landlords :^)

@janejan9728

3 жыл бұрын

It's becoming smarter to rent nowadays than to purchase a home due to all the exorbitant taxes, high deposits, and high interest rates. Additionally, you have to remember that most landlords are just fools who are on buy-to-let mortgages. And who owns those mortgages? The banks. The banks are the landlords of the landlords. Currently, landlords are fleeing like rats from a sinking ship due to the bank charges. The banks will surely try to pass those same charges on to tenants or, at the very least, on the poor first time buyer families who were dumb enough to get roped into their mortgage debt slavery scam. Hard times ahead, for sure.

They are barking and making noise to anticipate solving a non existent problem. They think if furlough stops then unemployment will be massive, which of them have been on a time machine to confirm that story. If it happens so let it be so that people can retrain or find their new ways to live

He only got the job because he was prepared to be a yes man for Cummings, after all. From Wiki:- "In the weeks leading up to Sunak's appointment as Chancellor, a number of briefings in the press had suggested that a new economic ministry led by Sunak might be established, to reduce the power and political influence of Chancellor Sajid Javid at the Treasury. Sunak was considered to be a Johnson loyalist, favoured by Dominic Cummings, and seen as the "rising star" minister who had ably represented the Prime Minister during the 2019 election debates.[37][38] By February 2020, it was reported that Javid would remain in his role as Chancellor and that Sunak would stay on as Chief Secretary to the Treasury, in order for the Prime Minister's Chief Adviser, Cummings, to "keep an eye" on Javid.[39] Sunak was promoted to Chancellor of the Exchequer on 13 February 2020 as part of a cabinet reshuffle, after the resignation of his predecessor, Chancellor Javid, on the same day.[40][41] Javid had resigned as Chancellor of the Exchequer following a meeting with Prime Minister Johnson. During the meeting, Johnson had offered to keep his position on the condition that he fire all of his advisers at the Treasury, to be replaced with individuals selected by Cummings. Upon resigning, Javid told the Press Association that "no self-respecting minister would accept those terms" Cummings man now doing the Brexit non-negotiations, so we will crash out without a trade agreement, leading to supply line shortages, 6m unemployed, a much-reduced tax base, and lots of lorry parks in Kent.

I wonder if these people lie to their kids as easily as they lie to the public.... their conscience will be with them for a while...

There's a massive amount of waste in this country, much of it on the administration of government. Wh jobs rather than jobs for the boys (and girls). Target setting and monitoring is excessive. The NHS is there to treat the sicky do we need all these quangos with jobs, not job highly paid bosses, such as Ofcom (useless), PHE (useless), HS2, Ofwat, Ofgas, Ofsod (I made that up} and thousands more. Local government officials should be limited in number so that council taxes can go towards creating jobs, not jobs for the boys (and girls), target setting and monitoring is excessive. The job of the NHS is to treatthe sick, not to keep counting them. Clearly some admin is required, but this should be led by doctors, not administrators who build their own empires. The same is true for education. The Civil Service is massive and largely opposed to the present government so half of it undoes what the other half has done at massive cost - look at Philip Rutnam. The useless, unelected House of Lords costs millions as it seeks to overturn the legislation of our elected government, as does the Supreme Court. This government needs to act. NOW!

@stephenharris2900

3 жыл бұрын

Sorry about the garbled parts. Must be a left wing computer.

Waiting for the collapse of the fiat system and a return to bartering.

He's not a legitimate chancellor, so not really interested what he says unless its "goodbye". As a supposed democrat that's the least he could do.

Why is vat still being used as a marker for finance when we are notv8n the EU anymore??

Try sending back the 48k illigal imagrants we are all paying for, to stay in hotels around the country. Being fed and givem spending money! That shouls save a few £

Maybe make pay it back via tax code

he is not going to pay it - WE ARE

Who they borrowed it from?

‘Be Honest’ 🤣🤣🤣

The productivity of UK economy have been collapsing for the last 20 years. In order to fix that and put people back to work , majority working age population must go back to universities and at the same time w have to redesign entire education system from the scratch, build science centres and labs so, people can be learn about Robotics, Genetics, AI and Nanotechnology via practical experience. Needless to say, entrepreneurship will be the key included funding by redirecting fiscal policy into these areas and tax policy to support generational capital and move away from real estate and financial industry. Meanwhile, Gov should create competition for BOE and commence to create own money:interest free, inflation free and tax free capital, take over payroll and introduce UBI. so people can eat and pay for the housing. Also,UK Gov should announce formation Space Program and Silicon Valley and the foundation to creation independent clearing system away from SWIFT and focus on frontier:SPACE that replace consumerism.

Guess, who will pay?

Borrow? Wheres all the tax payers money?

Buy Gold Buy Bitcoin. £&$ are going to shit. Print print print!

BBC on it's way out 😂😂😂😂

Keynesian economics says pay 1 man too dig a hole and hire another too fill it in this time we eat and drink our way to prosperity Shamoin

BBC can pay, they have plenty of money.

China should pay!

Easy cut licence fee

politics take less money and problem sort

How much money would the UK have saved under a labour government? You closed to late. A pathetic reaction to a pandemic will be followed by a pathetic brexit. There was a magic money tree that magically got wasted

Sunak is modern Robin Hood. Taking money off hard working people to pay idlers.

Yeah I'm going crypto. F it.

the tories magic money trees must look the the amazon rain forest from outer space. and to think May said there wasnt even one. hmmmm

Yeah let's rob them rich pensioners

A chancellor who is always smiling is in charge of shit!

Rishi, you lied & didn't give me the the support you promised... I hope you don't think I'm going to pay for your idiocy!

Boris Johnson is the main suspect

I tried writing a comment and it got scrubbed asap lmfao bbc i know and you know...... GODLESS REPROBATES.

#scamdemic #fakenews #defundthebbc

Why they even mention the cutting in expenses?????. Great introduction what idiotic interviewer

LMFAO

#Defundthebbc

Raise the BBC licence fee 😏

Sweden!

All this when you have a 44 chance in 2 million chance of catching it

Stop putting boat w a n k e r s up in hotels

@pandora8478

3 жыл бұрын

They’re not put up in hotels.