David Cameron and George Osborne have been gloating that with 9 months to go the Tories have saved the economy and that the country was now making a profit and their were all in it together years of austerity and cuts and pay freezes and starving the unemployed and disabled along with forcing nearly a million people to be fed by charities and the church and foodbanks. But it was all worth it because genius George has saved the day, and with the recent beautiful long hot summer the British economy was at long last off the endangered list. BUT !!!! what George and Dave do not want you to know is that even with the strongest year since 2007 George still had to borrow 1.8 Billion pounds more than he did last year, in the first 4 months of this year clueless George had to borrow 37 billion pounds to balance the books and has now far outstripped Labours ten years of borrowing in just 4 years, and that is with austerity and cuts and when you think that the Tories blast labour at every opportunity for their spending after the 2008 banking crisis, it makes you scratch your head that they are having to borrow over double of what labour ever had to, and that is with some of the most savage years of austerity the country has ever had to endure !!! . So where has all the money gone ? Simply put by one American economist is that while the majority of the country have been fed austerity these last 4 years the top rate of tax was cut for the countries wealthiest and despite what the Tories say, tax avoidance has hit another level. In the last 4 years hardly anybody in the top 5% have been paying their full tax, Gary Barlow and Sir Michael Cains as well as other celebrities icebreaker avoidance scheme hid nearly half a billion pounds per year it gives you an insight to just how much of these hundreds of avoidance schemes are actually sheltering and as one is shut down another one pops up, add this to the Tories handing out golden hand shake tax agreements that have led to giant Tory donating corporations paying a fraction of the tax they owe on the huge profits that they have made in Britain, then you can start to see why the books do not balance and why it will be more cuts and the slashing of public services and low wages for the rest of the country to stem the Tory gap, and we have yet to get the bill for Iain Duncan Smiths incompetence in his multi billion pound welfare reform that has just been judged as Reset to try and hide his utter incompetence until after the general election.
Posted on: Sun, 24 Aug 2014 06:19:17 +0000
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