Change At Number 11? No Just Business As Usual

[Realistbear]

http://www.ft.com/cms/s/1a30f624-29a7-11dc...0b5df10621.html

Darling rules out private equity clampdown

By Chris Giles, James Blitz and Lionel Barber

Published: July 3 2007 23:00 | Last updated: July 3 2007 23:00

Alistair Darling has ruled out an immediate clampdown on tax privileges used by the private equity industry, fearing that any sudden changes might have undesirable effects on the “absolutely critical” role the City plays in the economy.

In his first press interview, the new chancellor also made clear his determination to join the battle against the economic strategy for Europe espoused by Nicholas Sarkozy, the new French president, who questioned the value of open competition. Mr Darling said: “I do not believe in economic patriotism. I think it is nonsense. Economic patriotism is protectionism and there is no other name for it.”

If anything, I believe Brown's government will be darker and much more sinister than under TB.

[SarahBell]

It just doesn't bear thinking about the mess they're in that'll impact for generations on the uk.

eejits.

They need to sort it out. They can't keep inventing silly congestion charges, speeding ticket fine and FPN fines to fund the running of the country.

With scotland being given extra money for the NHS at the expense of those in england it seems even they're blatant about it.

[Minos]

http://www.ft.com/cms/s/1a30f624-29a7-11dc...0b5df10621.html

Darling rules out private equity clampdown

By Chris Giles, James Blitz and Lionel Barber

Published: July 3 2007 23:00 | Last updated: July 3 2007 23:00

Alistair Darling has ruled out an immediate clampdown on tax privileges used by the private equity industry, fearing that any sudden changes might have undesirable effects on the “absolutely critical” role the City plays in the economy.

In his first press interview, the new chancellor also made clear his determination to join the battle against the economic strategy for Europe espoused by Nicholas Sarkozy, the new French president, who questioned the value of open competition. Mr Darling said: “I do not believe in economic patriotism. I think it is nonsense. Economic patriotism is protectionism and there is no other name for it.”

If anything, I believe Brown's government will be darker and much more sinister than under TB.

So there you have it. NuLab don't give a stuff about protecting our economy/jobs. Tell me something I don't know.

[Gone baby gone]

So now we find out that not only do the people running these companies not pay income tax on a personal level, but that many of the companies do not pay any corporation tax! Any all this under a 'socialist' government

One word; Parasites.

[sikejsudjek]

So now we find out that not only do the people running these companies not pay income tax on a personal level, but that many of the companies do not pay any corporation tax! Any all this under a 'socialist' government

One word; Parasites.

And they saddle the company with massive debt that they used to buy it, and sack many of the workforce. I have just written to my MP to ask him why NuLab feels that these parasites are such a special case they need not pay tax or be properly regulated.

[Smell the Fear]

And they saddle the company with massive debt that they used to buy it, and sack many of the workforce. I have just written to my MP to ask him why NuLab feels that these parasites are such a special case they need not pay tax or be properly regulated.

Could it be because one of Brown's best pals and campaign funders is Ronald Cohen, father of the private equity industry? Although even he pointed out how unfair it was. Perhaps he was just gloating.

Brown only sees that the finance industry is doing well so it must be a good thing.

[@contradevian]

And they saddle the company with massive debt that they used to buy it, and sack many of the workforce. I have just written to my MP to ask him why NuLab feels that these parasites are such a special case they need not pay tax or be properly regulated.

They interviewed a private equity partner last night on the news. He basically said they pay business rates, NI, VAT etc. That should be enough. Great I'll use that excuse when I get my self assessment form then!

[sossij]

http://www.ft.com/cms/s/1a30f624-29a7-11dc...0b5df10621.html

Darling rules out private equity clampdown

By Chris Giles, James Blitz and Lionel Barber

Published: July 3 2007 23:00 | Last updated: July 3 2007 23:00

Alistair Darling has ruled out an immediate clampdown on tax privileges used by the private equity industry, fearing that any sudden changes might have undesirable effects on the

“absolutely critical”

role the City plays in the economy.

In his first press interview, the new chancellor also made clear his determination to join the battle against the economic strategy for Europe espoused by Nicholas Sarkozy, the new French president, who questioned the value of open competition. Mr Darling said: “I do not believe in economic patriotism. I think it is nonsense. Economic patriotism is protectionism and there is no other name for it.”

If anything, I believe Brown's government will be darker and much more sinister than under TB.

Pah! Critical as in, in intensive care? I'm sick of these "if we tax them they'll only leave" apologists for the City. I say let them, go on, f*ck off out of it!

A aparasite always needs a host, they'd whither and die without us.

[redgenieuk]

So now we find out that not only do the people running these companies not pay income tax on a personal level, but that many of the companies do not pay any corporation tax! Any all this under a 'socialist' government

One word; Parasites.

I agree, I find it disagreeable also. But surely it is the banks making the momey and then being taxed on it? The way I understand it is that they are borrowing vast sums of money and using it as a tax write off? (The interest portion). So surely whoever is lending them the money is paying tax on the lent funds? So they avoid corperation tax but they are paying tax on the interest payments.

[LargelyIgnorant]

In his first press interview, the new chancellor also made clear his determination to join the battle against the economic strategy for Europe espoused by Nicholas Sarkozy, the new French president, who questioned the value of open competition. Mr Darling said: “I do not believe in economic patriotism. I think it is nonsense. Economic patriotism is protectionism and there is no other name for it.”

This is the attitude that have led the Mew Labour fools to sit on their ar5es whilst 50% of the ownership of British companies has been exported overseas.

A lack of dirty, horrid protectionism suits countries like Norway, who had the foresight to use their oil reserves to build up massive sovereign funds with which to buy the ownership of other country's economies. We have no sovereign fund.

http://elainemeinelsupkis.typepad.com/mone...7/06/elain.html

Shareholders OK Anti-Takeover Plans Over Foreigners' Objections

TOKYO (Nikkei)--Stock owners approved all anti-takeover measures proposed by 210 companies at recent June general shareholders meetings, but some firms faced stronger-than-anticipated resistance from overseas investors.

The Japanese aren't stupid enough to let their companies fall into overseas hands, nor are the French.

Look at the ownership of our water and electricity companies, our airports, etc.

Alistair Doublethinkplus good is just another of the crowd of muppets that has let the banks/private equity/hedge funds become so absolutely critical to the economy that, having sold all the family silver, we are now hawking the kitchen sink in order to please our banking masters for a few more months/years. To charge the bankers tax, a 'removal fee', would be unthinkable.

Once everything has been stripped, the last loan has been maxed out, the banks/private equity/hedge funds will flutter over to India and China and start feasting anew, leaving the bones of the UK's stripped carcass to be bleached by the Eastern rising sun.

[Nicholas Cage]

Brown's first tax reforms triggered boom in private equity, MPs told

By James Moore

Published: 04 July 2007

Gordon Brown unwittingly kicked off the current private equity boom with his controversial decision to scrap the dividend tax credit 10 years ago, one of the industry's leading figures told an influential committee of MPs yesterday.

Jon Moulton, the head of Alchemy Partners, said the then Chancellor's decision had fuelled the massive growth in debt-financed buyouts of public companies that have subsequently become hugely controversial.

Look at it the other way. At least you are getting some tax. If you change things you might not get any."

http://news.independent.co.uk/business/new...icle2733295.ece

Looks like they are really scared of Darling

[Realistbear]

Gordon has removed all restraint from the darker side of capitalism which is why London has seen such growth in the services sector. He could afford to let manufacturing die as long as jobs were created in the shylock industries and magic shows involving hedge funds, PE and so forth. The US has far more regulation which is why the party boys prefer to create wealth here. They have undoubtedly told Gordon that they will play somewhere else if he even thinks about taxing the wealth.

In the meantime, he makes up for lost revenue by exploiting the old and vulnerable with 91% hikes in council tax and massive stealth taxes everywhere else.

And he stood in front of No. 10 promising, what was it, umm, oh yes: "change."

Socialiste du Champagne :angry:

Edited July 4, 2007 by Realistbear

[LargelyIgnorant]

In the age of global buyout economic warfare, we're fighting like the Italians.

[drminky]

This is as much old Labor as it is Nu. Check out Adam Curtis' Documentary 'The Mayfair Set' to see the sordid history of Labor being suckered into cozying up to the Takeover Men and Buyout Boys..

[Austin Allegro]

Never mind. At least Gordon's focusing on things that really matter, like giving up the right to appoint bishops.

Hardly surprising coming from a dour old Presbyterian anyway...

[Realistbear]

Never mind. At least Gordon's focusing on things that really matter, like giving up the right to appoint bishops.

Hardly surprising coming from a dour old Presbyterian anyway...

Someone mentioned in conversation last night that Gordon was actually co-habiting (fornicating/shacking up/partnering) with his now wife and was told to get married as he was starting to ascend the ladder to power. Is this true? Anybody?

[Realistbear]

Not only is there NO CHANGE at No. 11 but no change in NHS policy either:

http://www.sourceuk.net/article/10/10172/b...ge.html?rss=yes

Brown’s dramatic health policy:

‘

no change’

Prime Minister Gordon Brown and Health Secretary Alan Johnson have announced a yet another review of the NHS that will advise on how to meet the challenges of delivering health care over the next decade.

(You would think after 10 years of experimentation and countless re-organisations that they might already have some idea of how to do this!)

...../

When Gordon stood in front of No. 10 (I still find it hard to believe) and said that he stood for change I could not help but think that the Scotsman was holding the English electorate in contempt with his assessment as to their intelligence.

Edited July 4, 2007 by Realistbear

[Realistbear]

The knives are coming out:

http://www.financialdirector.co.uk/account...ames-chancellor

Moulton blames Brown for private equity boom

David Jetuah, Accountancy Age, 04 Jul 2007

Private equity chief pinpoints withdrawal of dividend tax credits in 1997 as the catalyst for the growth of private equity deals

Bottom line: more and more are seeing Gordon's miracle as a ten year con that has ruined the country.

[Guest Popalot]

Someone mentioned in conversation last night that Gordon was actually co-habiting (fornicating/shacking up/partnering) with his now wife and was told to get married as he was starting to ascend the ladder to power. Is this true? Anybody?

It sounds like the sketch with the Princess of Romania at Edinburgh Uni......Either he is a superb window dresser....or a superb window dresser....

[MRMX9]

Any pensioner who is a (probably ex) Saga customer or a driver who is an AA member know the damage private equity firms have done to some of this country's most respected companies. Saga tried to put my father's home insurance premium up 25% this year - he hasn't made a claim for years. I persuaded him to move to Nationwide - £150 lower premium and no charges for monthly payments. Appalling how Saga are now trying to rip off precisely those elderly people they were set up to serve.

Of course the private equity tax breaks are safe - lots of them are personal FOGs (friends of Gordon!).