needsleep

You don't know what I do, what I earn or what my financial circumstances are But anyway this is to do with Danny and the heavy mob, backed up by £900m of additional funds to track down the avoiders and evaders. And, need I say it, any accountant worth his salt (ahem) would tell you that not everything labelled as tax avoidance is legal. The label is oftem mis-applied to schemes that are very definitely not legal - that is where Danny comes in.

I pay the correct amount of tax. It's not hard to do. I don't need a book. It's not me Danny and the team are after Remember it's Danny and the team who have identified there are tax avoiders who need to be dealt with. People who play the tax system are as bad as people who play the benefits system and IMO both of those lifestyle choices are morally wrong.

Like I said best leave to Danny and the boys. They're on the case.

Quick. Get on the phone to Danny Alexander and report me.

Best leave it to Danny and the boys.

The Telegraph readership is a great place to look for tax avoiders. The paper even publishes an annual guide on how to avoid as much tax as possible, explaining all the loopholes and nuances. It's available on Amazon. The Daily Mail do one too. Says it all.

Clones

They don't make you claim them. You have a choice not to so if you're getting them it's pretty much your own fault and makes you look stupid for complaining about it,

Fantastic news

Haha, brilliant ideas As I said above people will buy assets and most likely pay off debts if they are going to spend at all. The government has created a perception that we are entering a phase of austerity and spending on useless consumer goods is not a natural reaction when faced with that. I just can't get over how badly broken things are in our economy.

It's a nightmare scenario you hear about when learning basic economics. What happens when the role of savings in the economy is subverted. But I think this time it's even worse for us. We're got the classic beginnings of stagflation so we all know our savings are being destroyed anyway. The benefit of increased spending is minimised in terms of productive growth because we don't have much we can buy that is actually made here. Extra spending won't help promote growth, it will just help the wheels of the financial sector grind a little faster while it robs us completely of everything. So many of us are finished. And we don't realise it yet.

They are promoting the domesday scenario where savings that are supposed to help fuel investment in productive capacity are withdrawn from the system in futile attempts to keep the economy afloat. Or maybe is this the warning to use savings to buy assets before they are eroded away by inflation?

What are we supposed to buy? Biscuits from the ******ing Chinese?

I think you're almost there. We're at a stage now where neoliberal processes of financialisation and globalisation haven proven to be destructive to the wider economy. We do need to restructure away from the public sector but also within the private sector too. Favouring the financial services sector over industry has completely failed us and we need to protect and rebuild our industries. Restructuring away from the public sector just to grow the finance and service sector will just end us up straight back where we are now and that is what is so dangerous about Osbourne's plan - it's missing the crucial ingredients for kick starting growth of productive industry. And that is why it will ultimately fail. As for the IMF. When have they ever not advocated fiscal policy that's as tight as a gnat's chuff? What else would we expect the IMF to say (when coomenting on an economy in the poo)?

And it's a great book, very well argued. Read it, apply a bit of thought and you will see how badly screwed the current globalised economic system is.

Mortgage debt is the big problem in the UK. Defaults will have to happen sooner or later. The lenders are surely itching to crack on with the business of foreclosing on a grand scale. They will certainly not be out of pocket - they insure themselves against defaults, get to chase the borrower for the debt and gain possession of an asset which can be sold on. Preventing this process helps prevent any meaningful recovery.

The CML can complain all it wants but the truth is that many of it's members (not all I might add as there are some decent-ish members) are involved in and helped drive the UK sub-prime sector. Northern Rock, the home of the instant NE mortgage, is a full member FFS so it's a bit rich for the CML to be bleating.

France has got a lot of gold in reserve. In fact so do Germany. Even Italy. If Gold skyrockets they're sorted. In fact they're more than sorted. A new gold-backed premier division Euro. Not impossible.

Haha. Unless like somebody else said you innovate new ways of sucking unwary punters into borrowing. I guess he's not talking about innovation in the wider economy because he won't give a stuff about that.

Sadly you are right. He was quite an effective voice in opposition.

Vince doesn't seem quite right at the moment but the salient point of his speech is that capitalism is not working as well as it should. We're at the **** end of a almost 30 year neo-con globalising grand experiment. It has worked perfectly - an audacious smash and grab of wealth by the already privileged. The rest of us have suffered, our reward was access to credit to make us feel like we were invited to the party. But will Vince do anything? Nope. Will the Tories do anything? Nope. Labour? Nope. They're all bit part players in the game.

The ratings agencies strike again. I feckin hate them - they're like financial wrecking balls.

I meant it in a nice way. Kind of like when your 3 year old kid drops his sandwich in the dirt.

You got that completely the wrong way round buddy.

I like it.