One down, one more to go …

AmberRuddResigned

At last, Amber Rudd has resigned.

It should’ve been done much earlier.

This morning, the Guardian published a letter from Amber Rudd to Theresa May, in which Ms Rudd sets an “ambitious but deliverable” target to deport 10% more immigrants over “next few years”.

If this is not target setting, what else is?

Now, the blame for a badly architected building should not end with its builder only.

One down, one more to go….

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Democracy Lessons from a Minority PM

Syria_bombing_2018

Democracy Lessons from a minority Prime Minister:

Lesson #1:  Syria cannot bomb Syria; only US, France and UK can.

Lesson #2:  Assad need to go because he is not a democrat.

Lesson #3:  Theresa May do not need any one’s approval to bomb Syria, because she runs a minority government supported by DUP 😳🤐

[Picture taken from https://www.facebook.com/thedeepleft/ ]

Anti-Semitism, Lord Sugar and Current Reality

Labour_antisemitism

One need to salute the ingenuity of some of our lords and “leaders”!

They have more expertise in deceiving audience, compared to experienced magicians.

Need proof?

Just look at the excitement on Corbyn’s Facebook post.

A post, which was posted in 2012!

It was intended as a general comment about removal of public art on the grounds of freedom of speech.

Later Corbyn clarified it as well:

“I sincerely regret that I did not look more closely at the image I was commenting on, the contents of which are deeply disturbing and anti-Semitic.”

The matter should have closed by this statement.

But of course, our “magicians” are experts!

By this tweet, Lord Sugar too proved he is not behind anyone.

Labour and anti-Semitism

Like in any large party, unfortunately there could be few racists in Labour as well.

The party launched inquiry chaired by Shami Chakrabarty; it’s report is being implemented.

Two senior Labour figures were suspended too.

While these are the facts, current attacks on Labour are nothing but cheap tactics.

Cheap tactics, by Tory supporting media and a small section of “old” Labour supporters.

They are afraid of the growing popularity of the true Labour and it’s strong, left leadership.

A leadership which condemned the Iraq war.

A leadership which firmly stands against inequality.

A leadership which has taken the right stand on Brexit.

The Tories, “old” Labour and some of its MPs know their days are gone.

They are desperate.

So desperate, that they’re whining over a Facebook post from 2012.

To discuss more about this topic is just to deceive and divert public’s attention away from current government and its pathetic “achievements”.

Here are some of those “achievements”:

Just three “achievements” from just last few days and weeks.

They summarises the incompetency of May’s minority government.

It is this incompetency that Lord Sugar, Tory media and others are trying to divert our attention from.

Let us not fall in to their diversion tactics.

Coming back to anti-Semitism.

The world stood firmly behind Jewish community during Nazi brutalities.

The world should show same support for Palestinians, who are oppressed for decades.

Labour was clear in their 2017 manifesto:

“A Labour government will immediately recognise the state of Palestine”.

That statement is very clear.

Being pro-Palestine is in no way anti-Semitic.

Salisbury attack and the questions it raises…

Salisbury Attack

What happened in Salisbury should be treated as a terrorist act.

Per news, the culprits used military grade nerve agents.

They not only caused serious harm to the direct victims, but also threatened lives of many others.

Whoever orchestrated the attack should face tough consequences for their actions.

 

The question is – do we know who is responsible?

Do we have foolproof evidence that can be used in a court – national or international – to prosecute the offenders?

 

Not so long ago, a PM took us to war against Iraq.

Later, we found that the reasoning given were untrue.

 

Expelling 23 diplomats is not more serious than going to war.

But do we have proof?

 

There are other important questions as well.

Why is it so easy for someone to bring in military grade chemical weapons to the streets of the UK?

What more can our intelligence services do, to prevent similar attacks in future?

Why is it difficult to confiscate the millions of foreign-mafia investments in the capital, if we have clear evidences?

 

As of now, these questions have no answers.

We need to gather evidences – solid evidences that clearly point to the culprits of this heinous act at Salisbury.

 

Once available, we have the power to take actions.

Appropriate, tough actions; much more than expelling diplomats.

Till then, we only have assumptions.

I sincerely hope our intelligence will bring in all required evidence to prosecute the criminals.

Let us wait for that to happen.

Labour’s Brexit Position

BREXIT_Labour

I voted Leave.

I support Labour.

I also agree with Labour’s new Brexit approach.

From what I read and understood, it is a sensible way to move forward.

Why I like it?

1.     It is clear and well-drafted.

2.     While it allows UK to have its sovereignty, it also ensures the working people and industries are taken care of.

3.     It is conditionalUK will stay in Customs Union only if we has a say in EU trade deals.

4.     It does not blindly go behind the Leave for Leave’s sake – which is what May has desperately proposed; worried by the Leave win.  PM’s is a pity attempt with main focus to keep the Tory votes together.  It does not solve a problem called Brexit.

As I mentioned earlier, a sensible way forward.

Waiting for more details to emerge from Corbyn’s office – for a sensible, positive approach to Brexit – which the UK voted for.

 

£1Bn for a chair, but no money for pencils?

 

Have you read the news about schools not having enough money?

Not enough money to buy “glue, pencils, paper, tape and reading books”?

Per BBC News, the latest plea is from Robert Piggott CofE School in Wargrave, Berkshire.

A school, which is in the Maidenhead constituency represented by Mrs May since 1997.

What a sorry state of schools in constituency of the PM of world’s 5th biggest economy!

This PM had no money issues while agreeing for £1bn DUP-Tory payment – to cement her Prime Ministerial chair.

Chair that is even more wobblier now, is another sad story.

There is only one reason for not allocating enough funds to schools.

It is part of wider, deliberate attempt by this nasty, minority government to destroy UK’s public services.

How could we trust this PM and her gang to conduct Brexit negotiations, if under their rule school’s cannot even afford to buy essential items?

If there is still some dignity left, it’s time for Theresa May to admit failure and leave her post.

Mrs. May owes at least that much to the next generation.

The generation who are in schools, still waiting for their pencils and reading books.

Yanis Varoufakis and Brexit speech …

Yanis Varoufakis, I admire your books and the brave stand you take in world politics.

 

Talking to My Daughter About the Economy” is one of the greatest books that I have read on economics, which nicely explains world market conditions and capitalism in simpler words.

 

That said, pardon my shallow knowledge in economics, I politely disagree with your Brexit recommendations at the Royal Society on 7th Nov.

 

Why should the UK be part of a failing institute? If – as you mentioned – even in 1990s it was a bad idea to join the EU, why  should it now be better for Britain to self-harm itself by continuing in this relationship?

 

As you rightly mentioned in your speech, the money just reaches the Deutsche Bank either way.  So why should the UK continue in this mess knowingly?

 

Why should it not take this opportunity to be strong, independent and have a direct relationship with rest of the world, without the EU bureaucracy that mercilessly treated (and still treating) Greece?

 

I agree with you that the UK, like Indiana Jones, is running fast on a disintegrating bridge;  running as fast it can, away from a bureaucratic monstrosity.

 

The only way is forward and away.  Going back to EU or standing still is just not an option.

 

 

Tax havens – and question on who contributes to a country’s growth?

I hope you’ve heard about the leak on money invested in offshore tax havens.

Per BBC, those invested include powerful, ultra-wealthy and even the Queen’s private estate.

I read total investments could be approx. £10tn – even in conservative estimates.

That’s a lot of money.

Money that’s siphoned off the country; to avoid taxes.

Taxes, that could be used to improve the standards of our schools, hospitals, roads, rails, community services,…..

Money, that could be used to build a better country, a better future for our children.

Which means, each of the participant – either direct or indirect – is working against the nation’s growth.

What powers do we (who pay taxes on however small income we get) have to stop these tax evaders?

United Against Terrorism

closed eyes

Yet another terror attack has taken lives in streets of the UK.

A small number of extremists have yet again murdered innocents.

My thoughts are with the injured and families who lost their loved ones.

Election is the last thing in my mind; this post is not an attempt to score points either.

Instead, here are my opinions, in no particular order, from the moment I came to know about the brutal attack last night near London Bridge.

  • Nuclear weapons are not the answer for all threats; in fact, they were least useful yesterday – in all senses.
  • We need more police, more nurses, more doctors and even more emergency facilities.  Reducing these positions and services will only weaken our responses.
  • “Strong” words have little impact on radicalised, vicious minds.  Publically defeating terrorist ideologies via thought provoking discussions will have much better impact than “strong” words of retaliations – which only fade away as victim’s angry words coming from hurting sentiments.
  • Public sector services respond to terror situations and need more attention and investments.  Businesses and private sector focus on profitability, not terrorism.  Let us not forget the learnings we had from G4S scandal during Olympics.

Major parties have done the right thing by suspending election campaign for a day.  Hope a day’s deviation will make our political leaders think about priorities and considerations. If it could stop terror related deaths and carnage from our streets, that will be the best outcome of the day.

 

UK Elections Topic #3: Corporation Tax

Have you decided whom to vote in this General election?

Hope you were able to watch today’s TV debate.  It was a good eye-opener, which provided clear choice on whom to vote on 8th June.

On one side you have Labour that is standing for the many with a fully costed manifesto.  Its leader was democratically elected within the party with a very high grass-root majority, and also have a honest, sincere image.

On other side, you have the austerity party, which threatens the country with more cuts in all sectors including education, public services and NHS.  They also offer a leader who won the party leadership via walk-over, has been called a “weak and wobbly leader” who don’t even have the courage to meet common public on a national debate on serious issues.

This post is on Corporation Tax.

Here as well – there are clear choices between the main two parties.  Labour is asking for your vote to increase the corporate tax, while Tories promise to further reduce it.

Before proceeding, let me clarify:  I am not an economist and do not claim expertise on the subject.  I use the data available from government and independent organisations and apply common sense to arrive at conclusions.  If you have valid points to disagree with my deductions, let me know and I am happy to update this post.

 

So, what is this corporation tax?

To put in simple terms, it is the tax corporations pay on their profits.  That is, tax on real profit, AFTER all expenses (purchases, bills, salaries) have been paid, AFTER all tax credits have been consumed.

Let us compare this tax with income tax of an ordinary salaried person.  A salaried person pay tax on salary BEFORE his/her expenses.  I mean, the net salary they get in hand is after deducting tax at the source itself.  On top, they also pay VAT on purchases; in contrast, corporations pass on the VAT to consumers.

That is a real difference!

Now, let us compare the tax rates as well.  If you are lucky enough to be in the higher tax bracket (£45,000 – £150,000) in UK, you will pay 40% as income tax.  In contrast, current, single bracket, UK corporation tax is 19% – whatever be the profits!

Corporate (who enjoy other tax credits as well) pay flat 19% AFTER their profits (no limits), while you and me pay 40% tax on gross salary.

Do you think this is fair?

It is this rate that Tories want to reduce even further to 17%!

They justify that a reduced corporation tax rate will attract more investors.  Tories and their economists argue that if UK raises the corporation taxes, the businesses will look elsewhere to shift profit.

Is that argument true?  Is corporation tax the only way to attract businesses?

Independent, non-profit, World Economic Forum reported in Oct 2015 that the top 3 most attractive countries for investments were India, China and Brazil – with corporate taxes 34.61%, 25% and 34% respectively.

All of above mentioned countries have a higher corporate tax than UK’s 20% at 2015.

Here are the graphs on these statistics:

World Economic Forum report on world’s most attractive investment markets:

WEF-attractive investment markets

KPMG Corporate tax rates tool:

KPMG- corporate tax rates

In short, the statistics negate the Tory theory that by increasing corporate tax, businesses will leave the UK.

Instead, making UK a great place for investment is the key to attract corporations.

How can that be achieved?  By several factors, including by having:

  • talented workforce
  • educated youth
  • quality of life that educated and ambitious have come to expect
  • Attractive infrastructure investment
  • A strong industrial strategy

Labour manifesto have policies for each of above factors.

Will try to post on each of these topics in coming days.

Let me know your thoughts…..