Vocal Voices

The BBC is caught in the middle of their own quandary all over again.

They want to hate the Tories so much that they have to give the lie to their own fear stories.

So what are the BBC going on about now??

15% corporation tax.

What do the BBC say?

That would give the UK the lowest corporation tax of any major economy.

Mr Osborne said the cut was part of his plans to build a "super-competitive economy" with low tax rates.

A Treasury spokesperson confirmed the Financial Times's story was correct but said they did not know when the cut would happen.

So what were we within the EU? A non competitive economy???

Before the referendum, George Osborne said that a vote to leave the EU would force him to introduce billions of pounds worth of tax increases and spending cuts in order to repair damage to the public finances.

It is now clear that his real strategy is very different.

What really? I'd never have guessed. Wait, yes I did, I said it over and over again that Project Fear was nothing more than that and that the EU was holding the UK back to aid Germany and France.... I said that if we voted Brexit, the architects of PF would do something totally different and would fall back from their prophesies of doom.

The proposed cut to corporation tax, which would give the UK one of the lowest rates of any major economy, is designed to help the country attract new investment and court businesses which might otherwise have been put off by the uncertainty surrounding the country's relationship with the EU.

So, tell me, EasyJet and all those other companies will move to the EU And pay 5% to 10% MORE tax just so they can escape the "fear" of what the EU "might" do to them????

Mr Osborne's announcement comes amid reports that the Bank of England could this week lower the amount of capital banks have to keep aside as a safety net in case of unexpected risks.

Right, because the only reason we needed that safety net was because the EU commission insisted on it. YET, Santander and Deutsche Bank failed the US stress tests. Notably the UK banks did not.

Another millstone removed.

Of course all the banks and banking interests are going to move to France or Germany and be smothered with 5-10% more taxes and more regulation...

Likely!

And, of course, having said all of this, the BBC absolutely HAS to carry on with it's PF agenda and say

The chancellor said the economy was showing "clear signs" of shock following the vote to leave the European Union.

"How we respond will determine the impact on jobs and growth," he said at the time.

Economists have also warned about the impact of the Leave vote.

"Having voted for Brexit last week, the economy is clearly going to go into a down swing, that might be a full-blown recession, that might just be very very low growth," Paul Johnson, the director of the Institute for Fiscal Studies, said last week.

All the stimulus above, which would not be possible if the UK were to remain in the EU, will be like a defibrillator to the faltering heart of an economy. Creating a bubble in growth which, they claim, they don't want because it's "bad"....

The truth will out no matter how the BBC wants to paint it. Reality is that, for the UK, the EU is a suffocating blanket of rules and regulations to keep prices artificially high within the zone and keep everyone in control.

It won't be a smooth ride, but it is, in no way, going to be the picture which is painted...

Surely the days of five-year plans are over?

Being able to act quickly in a volatile and ever changing world has to be the right way to go. Isn't that one of the reasons the BoE was made independent - to take decisions away from often inert governments. With that in mind the announcements from Osborne and the BoE are perfectly acceptable.

Making contingency plans for future events is what most of us do in our daily lives. Governmnets should do the same, though I hope their crystal ball is always given a good polish.

Well it depends on who you talk to and what their opinion is. No plan bad, plan good. But if you have a plan which is for something that's considered bad, then plan bad, no plan good...

I wonder when Easyjet will work out that French Corporate tax is 33% to 37% for a company of their size. Beligum 34%, Germany 30%....

15% is on a par with Eastern EU and Eastern Europe outside the EU...

The main point is this. Remain campaigned on disaster and punishmen to fill the gap.

What Osborne is talking is opportunity and dropping targetss rather than punishing the people. BOE is talking about loosening the rains and making busines opportunity.

All of which is much more Leave than Remain....

The truth is that restraint and Austerity and punishment and lack of opportunity were the hallmarks of the cost of the EU. The cost of not being in the EU, according to Osborne, is that we have to adjust our country to make business and make money......

Really? Not what he was selling 2 weeks ago.