UK banks oppose tax rise.

Falsely claim to be paying 46.4% tax rate.

The PwC generated number includes PAYE, employee national insurance which is paid by workers. VAT which is borne by customers.

it is extrapolated from a sample, can't be verified

Why do media reports not expose this sham claim?

Holding govts to ransom.

Goldman Sachs warns Rachel Reeves against tax rises on banks.

Banks happy to be bailed out, take QE, mis-sell products, not to be prosecuted for frauds, hike charges, pay lousy rates on savings.

Need windfall taxes. Raise top rate of income tax.

New industrial robots added in China last yr, 295,000; UK 2,500.

China has 567 robots per 10,000 manufacturing workers; UK 104 .

China investing 40.4% of GDP in productive assets; UK 18.2%.

UK won't win the economic race with neoliberalism or without state intervention.
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While UK government spent £13 billion of our taxes on WARS and armament.😡

While the UK Government spent £13 billion of our taxes on WARS and armament.😡

Banks make $26bn in a decade of financing deforesting companies.

Destruction of the world’s forests reached the highest level - agricultural expansion, mining, infrastructure, logging.

Profits before climate change, human lives and the planet.

The cult of deregulation will make matters worse.

Temu’s EU operations doubled pre-tax profits to $120m (£90m), employed just 8 people, $18m corporation tax,

It is smoke and mirrors of profit shifting, offshore tax havens.

UK High street can't compete.

Govt must review customs duty exemptions, require multinationals to show where they pay taxes.

Thank you Prem.👍

Labour Party deputy leader contest.

I won't vote for Bridget Phillipson or Lucy Powell.

Both are right-wing.
Supported two-child benefit cap, disability benefit cuts.
Snooping on benefit claimants' bank accounts.

In the words of Billy Connolly, “Don't vote, it only encourages them.”

Former PM Boris Johnson breached rules designed to stop abuse of contacts made in public office.

Secretly lobbied the UAE for a billion-dollar private venture,
Used senior contacts in the Saudi govt to pitch for a consultancy firm.

Lust for private wealth is the main cause of UK decline.

Bank of England warns of growing risk of a “sudden correction” in global markets - financial crash.

AI boom will burst.
Share prices inflated
Real economy weak.
Trump creating uncertainties.
Shadow banking unregulated.
Govt deregulating banking.

Bankers get bonuses, people will pick up the tab.

Top 65 banks, including UK banks, committed $869bn (£648bn) in financing fossil fuels in 2024.

$7,900,000,000,000
over 9 years, driving climate chaos, deadly health impacts, crop failures, migration.

Banks profit from destruction and no govt stops them.

Green party leader urges the Bank of England to stop paying interest on commercial banks' reserves.

ECB stopped paying interest on a portion of banks reserves.

The left has long urged Govt to stop this £20bn subsidy to banks, a consequence of QE.

What could govt do with £20bn?
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London Heathrow airport owned by private/state investors from Australia, China, France, Qatar, Saudi Arabia, Singapore, Spain.

Similar to steel, auto, ports, shipbuilding, care homes, hospitals, GP surgeries, veterinary services.

Dividends not taxed in the UK. Govts have fewer economic levers.

‘Motherhood penalty’ costs women an average £65,618 in pay by time first child turns five.

This is followed by gender pay gap, pension gap, health gap; slow career progression, harassment and violence, unpaid carer work, retirement insecurity.

All women deserve justice.

England nationalized rail passenger services lease carriages from rolling stock companies (ROSCOs).

87% of rolling stock controlled by 3 Luxembourg companies.

Paid £1.282bn dividends in last 3 yrs. Not taxed in UK.

Privatization has hollowed out the UK - Taxes lost, it is all about exploitation.

Average real wage of UK workers is stuck the 2008 level.

Some bosses are collecting 1,112 times more than the average employee wage. Millions forced to rely on food banks and charity.

Workers have no say in income distribution. Govts do nothing.

Can't build economy/society on huge inequalities.

Welfare reform 'must happen', UK minister says.

Silence on corporate welfare. For example, Drax makes profits but gets subsidies.

Silence on tax perks of the rich. Capital gains and dividends taxed at lower rates than wages.

Welfare reform is a code for squeezing the poor, old, sick, disabled.

The PFI disaster

Wes Streeting readies more of the NHS for privatisation. Hands £6m to advisers.

NHS will be a shell doling out contracts to private equity and corporations. Profits guaranteed.

Money will buy less. Higher taxes, lower value.

Say NO to privatisation of the NHS.

The UK household debt is over £2 trillion.

Debt once public now loaded to households e.g. student debt. Energy debt rising. People borrowing for healthcare.

Mortgages 7 times salary being issued. Soaring rents.

Real average wage stuck at the 2008 level.

What could go wrong?

England households could bigger water bills as the competition regulator prepares to give verdict on industry appeal.

36% rise already approved by OFWAT.

People will continue to be robbed. Companies raise capital from customers, shareholders get returns.

End the scam. Nationalise water.

UK workers using food banks, bosses feast.

Melrose CEO, 1,112 times the average employee wage.
Tesco, 375
Person, 355
Compass, 330
Marks & Spencer, 261
British Associated Foods, 218
Sainsbury's, 195

Can't rebuild economy/society without equitable distribution of income and wealth.

NHS increased use of the private sector under Labour govt.

Private sector delivered 22.1% of ophthalmic, 20.5% of orthopaedic procedures.

Numbers of NHS patients treated by private sector up by 10%.

With profit margins of up to 40% money buys less.

More efficient to expand NHS capacity.

One-third of UK children grow up in poverty, higher risk of dying young.

In some areas 62% of children live in poverty.

Children’s education, health, future employment prospects destroyed.

Caused by govts - austerity, low wages, spending cuts, fiscal rules.

Poverty is a political choice.