the tory manifesto

19 May

london 5.56am 12C cloudy/rain friday 2017

daily mail article spelling out the tory manifesto. it is the only one to take note of as the tories will very likely win the election and what they say will matter. forget what the other parties say they want.

i am sure there will be parts of the manifesto we dontlike, but we cannot pick and choose, so when they win, they will implement all of it, whether for good or ill, time will tell. they intend to keep the foreign aid…(though they say some of it can be diverted to defense) so maybe that would help the defense bill. they will change the criteria for getting the aid too… so that might free up more money for defense if fewer countries fulfil the tougher criteria for aid. that might be the reason why they still keep it  when they are so willing to clobber the old for paying for their care.

there will be a huge cost for care for the old. maybe they realise it is not possible for the state(by which i mean the local councils, with the state compensating them for it) to bear all the burden for it, not even if they divert that 0.7% of gdp that is earmarked for foreign aid into it… and that the old has houses that should be used to bear some of the costs.

that bit of the manifesto that says leave the single market and custom union… that is a really bold one. that would mean rely only on World trade organisation tariffs… and what will happen to financial services if it cannot get full access to europe. that is a hell of a lot of customers there. unless the city of london provides a unique service, not available anywhere in the EU, so that they have to use london. in other words, the EU  have no choice but to use the city of london because of it’s financial clout.  the fear is that gradually expertise will move to europe, over time. and the city may lose its clout. but how much real is that fear? europe with its high tax rates to individuals, its high corporate rate to businesses, its lack of english as a common widely spoken and written way to talk to each other…is not very attractive to work in. ( i know, u in europe will say stop being so english centric. haha. but financial services are all done in english… i would say all the laws that pertain to it is in english, so u have to know english whether u like it or not. correct me if u know better…)

or the city will get to have so much reduced tax  on them by the govt , the govt being forced to keep tax on financial services so low just to undercut any services that wants to relocate to europe…

the EU intends to impose a robin hood tax on the stock market and financial services, and that might mean it is cheaper to do your business in london. as it is corporation tax will be 17%. only ireland is lower at 12.5%. (corporation tax rates in EU . germany and france are about 30%) many of the financial services may move to ireland to gain access to the EU whilst having such low business rates. even then the EU can impose a tax on it like they did with apple. though all of them wont be able to escape a robin hood tax , or any other taxes drummed up by the EU in a future date.

and no one really knows how much trade uk will make with the rest of the world once it is free of EU restrictions to trade with the rest of the world. it might really be so big, that it dwarfs the losses from leaving the EU.

i see there is no mention of whether we will continue to be subjected to EU law and EU court of justice.

they have left the bus freedom pass alone.  perhaps it is not really that costly… but then local councils pay that and it is not really a burden on the state. and the older that people get, it is used less or maybe council simply let the bus services deteriorate so much that buses dont run that much, and so reduce the incentive to take them. this has happened , so that the bus services are so cut down now, it has become a joke. not in london though. but london is special anyway, as the bus pass includes tubes and train, and trams. 

added. 10.49am 13.3C rain i was really surprised to see this , sweden have dropped assange rape investigation. after so many years, 5 yrs, they decide to stop it. assange is now free to walk out of the ecuador embassy. this comes when they came to london to interview him 6months ago about the rape allegations. why they could not have done that before… one would like to ask them. but i read this report that the police will still arrest him, because the original offense was he jumped bail. so it looks like he still cannot walk out of the embassy without risking arrest, though he might just do that and get it sorted out. it shows that the original arrest warrant by sweden is an overreaction… they have no grounds to arrest him other than the word of the women who accused him, on the strength of that to issue an arrest warrant sounds like a misuse of that. 

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9 Responses to “the tory manifesto”

  1. Garfield Hug Friday May 19, 2017 at 12:57 pm #

    Aargh!! Assange is going to have to live with his conscience! Innocent or guilty only he knows the truth😊

    • alifesgayventure Friday May 19, 2017 at 1:09 pm #

      just reading the general information from the public news, i get the impression those women were lying. they thought he was only sleeping with only themselves, when they found out he was laying it on and spreading himself a bit by sleeping with others , they got angry. none of them accused him of rape till much later when they found others have slept with him too.

      • Garfield Hug Friday May 19, 2017 at 1:11 pm #

        I see. He asked for it then by bragging falsely. Happy weekend and enjoy your great weather. Glad your foot is better😊

      • alifesgayventure Friday May 19, 2017 at 1:51 pm #

        he could have gone to jail for that if found guilty, or if not, sent off to usa where he will be jailed for leaking state secrets. either way he would be in deep trouble. i suppose he would consider even 5 yrs in lockdown in the embassy is worth the price. false accusations of rape can do great damage to the guy. and even now i bet many still consider assange is guilty.

      • Garfield Hug Friday May 19, 2017 at 1:59 pm #

        He is “famous” for wrong reasons. If I remember correctly he was extradited from Singapore for drink driving and killing(?)….I wonder if it is same chap?

      • alifesgayventure Friday May 19, 2017 at 2:21 pm #

        i think that one about singapore must be false news. i have not heard anything like that about him. and googling it do not bring anything up. if he had done those things it would have been spread widely long ago by the newspapers eager to find things about him.

      • Garfield Hug Friday May 19, 2017 at 2:23 pm #

        I may have got it wrong!

  2. Carl D'Agostino Sunday May 21, 2017 at 6:54 pm #

    USA – Trumps proposes to lower corporate tax to bring jobs back to America and companies invest in America creating an upward spiral of prosperity. Sounds sensible but I think the corporations and megabanks will keep the money for increased profit margin. They don’t understand you cannot have a consumer economy without consumers .

    • alifesgayventure Sunday May 21, 2017 at 7:54 pm #

      when i read you, i searched google and found out that america has the third highest corporation tax in the world 39% . so surprising. there has been a race to the bottom with the rest of the world trying to undercut everyone with their rate. by rights, tax on business should be high, to offset the advantage they have in not having inheritance tax, which the individual have to pay. it should make it a level playing field for businesses and individuals. but because so many countries want to attract these businesses, they have cut it again and again, so that it will be 17% in uk. i think there should be another mechanism for businesses to pay into the pot. what it will be , i dont know. haha. we hear of apple keeping a lot of money overseas, and not bringing it into the usa, where it will be taxed at this rate, but i read also that worldwide earnings of american companies are subjected to this tax. so i wonder how they were able to not pay it. i think that is the context in why trump wants to lower it, to bring all that cash back to being taxed. i dont think it is to bring jobs back to america… it is to persuade apple and all the others hoarding cash overseas to bring it back and pay the tax and so they can use that money to invest in the states or pay it as dividends to their shareholders

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