Labour adds another £40 billion burden for the British tax payer
Alistair Darling completely forgot to mention the fact that he would be forced to plough at least another £40 billion into RBS, Lloyds and Northern Rock in order to create 3 new banks, whilst singing his own praises on the politics show on Sunday morning. Nothing like transparency and openness!!!
Mind you, what's another £40 billion of tax payers money when you've already thrown £1.3 trillion at the problem!
He talked about our banks that " got far too exciting and too interesting with catastrophic consequences " ( roughly translated that means ' that the very lax and poor financial regulations that had been put in place by Gordon Brown to monitor and regulate banks were completely useless ') and then having " stabilised the system " ( roughly translated that means ' we'll throw as much public money into the bottomless financial pit ( £1.3 trillion at the moment and counting ) as we see necessary in the hope we might avoid a chronic depression in the UK ' ) he moved on to talking about "a safer more competitive banking system " ( roughly translated that means ' we've let the banks and financial institutions run amok unmonitored and unregulated, and we've now got to implement some proper regulative powers and far stricter business practice guidelines ' ).
He also forgot to mention that it was the EU that told the British government that they had to break up the banks to create a more competitive market under their strict state aid rules.
Alistair Darling is still living in an expenses induced fantasy world where all is bright and happy - he needs to get down to grass roots and speak to the man on the street to see what's really going on in the UK right now.
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Loading ...HMRC investigating 27 MPs
The HM Revenue and Customs has confirmed that it is investigating the tax affairs of 27 MPs. The HMRC will not reveal the names of the MPs it's investigating but this follows a warning in July 2009 from the head of the HMRC Dave Hartnett. He said that MPs would be placed under extra scrutiny in light of revelations about expenses claims.
A spokeswoman said: "Inquiries are an integral part of HMRC's work, ensuring that everyone pays the right tax."
She added: "An inquiry does not necessarily mean that there is a problem. Most inquiries are quickly closed."
This current investigation into MPs tax affairs follows
The Committee on Standards in Public Life, which is examining proposed future reforms to the expenses system, will publish its report on 4 November this year.
The current " investigation " comes after a previous investigation in May this year when Alistair Darling and 40 other MPs were investigated by HMRC over expenses claim on accountancy fees.
It also follows the Hazel Blears debacle from May this year when she was informed by the same Dave Hartnett that she was NOT liable for any Capital Gains Tax despite the " flipping " of her designated residence and despite no full and proper investigation ever taking place!
As the top tax man in the country, it would appear that Dave Hartnett has already set a president to NOT undertake a full and proper investigation into MPs tax affairs ( after Hazel Blears ), to selectively let off those MPs that he feels haven't committed any type of fraud or tax evasion and brush his investigations under the carpet after a few weeks when people have hopefully forgotten about the scandal!!
How can we objectively rely on this man to carry out a full and thorough investigation of the MPs expenses when he's quite happy to just let off those MPs that have quite obviously avoided tax through manipulation of their home designation?
WE CAN'T is the answer I'm afraid, but we have no choice in the matter!!
The HMRC are like pit-bulls, and having family that work in accountancy, I occasionally hear stories of the HMRC's unfair and aggressive pursuance of people incorrectly, for really insignificant amounts ( I'm talking less than £100 ). They drag out investigations for months ( at the tax payers expense I might add ) and end up clawing back a pittance ( I'm talking less than £100 ). It costs the individual investigated hundreds or even thousands of pounds in added and unnecessary accountancy fees!
Now they have a chance to really claw back some decent money from a bunch of professional tax dodgers, but what will they do . . . . . very little as in Hazel Blears case I would imagine 
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