Tax man sends builders’ merchant into administration Ι Construction Enquirer #banks #BaselII #BOE #Cable #UK #lending #bankofdave


Vince Cable MP addressing a Liberal Democrat c...

Vince Cable MP addressing a Liberal Democrat conference in the ACC, Liverpool (Photo credit: Wikipedia)

Tax man sends builders’ merchant into administration Ι Construction Enquirer.

So while non doms etc get away with paying no tax, HMRC has decided in its infinite wisdom to send a British contractor into administration, no doubt resulting in job losses which will eventually weigh on the ‘mug’ middle class taxpayer, through extra job seekers allowance and benefits!

Time for the government to stand up and really take a good look at themselves.

The Bank of England is funding the banks with almost free money, which they are stashing away to meet the ‘moronic’ Basel III demands.

So while these banks refuse to lend, British business is falling down a slippery slope creating unemployment etc.

Last night the Bank of England suggested that interest rates could stay at 0.5% until the end of 2014.

That means that anybody who has spent a lifetime being ‘prudent’ and has built up a savings pot, is seeing their lifetime savings being eroded away by rampant REAL inflation, not the fictitious 2.5% official figure.

Time also, for Mr Cameron etc to stop bleating on about the position that the last Labour government left the country in. Whilst it may be true it is NOW history and such we have to move on.

Extreme austerity measures are just NOT working and the government must quickly realise this. The bank lending scheme is NOT working and Vince Cable must quickly understand this.

Common sense, don’t keep flogging a dead horse!

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