Friday, 20 February 2015
The Farage Tax - UKIP's threat to Britain's economy
My company has just
imported £800 worth of components from the Far East to be used in
the manufacture of electronic products to be built in Leicester. UK
customs have issued me with no less than 13 pieces of paper, and I
have been charged £35 import handling fees. Had I imported the same
components from the EU no paperwork would have been issued, and no
charges would have been levied. That is because the Maastrich treaty, delivered by a Conservative Government, created the Single
Market that has abolished swathes of regulations, removed trade
barriers, pointless paperwork and costs. I have now paid a
surcharge of almost 5% of my costs because the country of origin was
not in the EU. I call
this 5% surcharge the Farage Tax – it is a cost burden that every
business in Britain will have to bear on every transaction with a
company in EU the minute that UKIP get their way. The same charges
are levied on trade with Norway and Switzerland, so a Free Trade
Area would make no difference. UKIP want to impose costs, bureaucracy
and taxes on British Business. UKIP are a threat to
Britain's economy and British jobs, which is why every credible business organisation
does not want Britain to leave the EU. Thankfully The Conservative
Party, The Labour Party and the Liberal Democrats are all committed to
Britain staying in the EU, as are the majority of the British public.
Thursday, 12 February 2015
We are all up to it together - Tax Avoidance in Greece and the UK
If it is "normal" to avoid paying tax in the UK, what right has George Osborne to condemn Greeks for doing the just that?
Saturday, 7 February 2015
Labour are the Party of Business
I lost my job as a Chartered Engineer
during the savage years of recession created by the Thatcher
Government, when so many of our wealth creating industries were
undermined and destroyed. But I had a skill, and set up my own small
engineering design business. It benefited greatly from Gordon
Brown's time as Chancellor, who recognised that small businesses are
the back bone of UK enterprise. Small and Medium Enterprises (SMEs)
represent over 50% of UK GDP, are almost wholly British owned and
offer a wide range of employment opportunities. Being small, SMEs are
able to move quick to secure new markets, and make this country more
prosperous. I was able to grow the business thanks to Labour's low
Corporation Tax levels for small businesses; now
abolished. I had assistance from my Regional Development Agency, who
provided advice and helped me build supply chains; now also
abolished. We export to many EU countries, which has been made so
much easier thanks to the European Union which has slashed red-tape
for exporters and reduced the cost of selling overseas; which UKIP
and many Tories want us to leave. I also work part-time training the
engineers of tomorrow at a University. We need skilled engineers and
technicians to create wealth, but how many people can afford the
£9000 a year fees imposed by the Coalition Government. Why has the
Government undermined the enterprise culture in our schools with
policies that downgraded the 'value' of 'Design & Technology' and
removed practicals and course-work from exams. Businesses need people
who can work throughout the year (coursework) and apply their knowledge
to create wealth (practicals). My business
is certainly not 'big business', but I am proud to pay my fair share of
British taxes. I
am backing Labour like many, many other small business owners.
Monday, 2 February 2015
The Conservatives are not the Party of Enterprise
The perception that Labour is anti-business has no basis. I set up my
business when Gordon Brown was Chancellor which benefited greatly from
his low corporation tax policies for small business now abolished.
Labour's recognises that Small and Medium Enteprises (SMEs) are the
bedrock of UK PLC. SMEs are almost exclusively British owned, represent
over 50% of UK GDP, and offer a wide range of flexible and skilled
employment opportunities. In contrast the Conservative Party has shown
total disinterest in SMEs, preferring to offer substantial tax cuts to
Large Enterprises. I now pay a higher tax rate on my profits than many
well-known multinationals, and am proud to pay my correct share of
income tax, unlike some of Labour's critics. As an engineer I am also
appalled by the dumbing down of our education system to remove any
credit for the skills that are essential to support our innovative base.
These include punitive fees for higher education, forcing highly
skilled overseas post graduates to leave the country, and in our schools
downgrading the value of key subjects such as Design and Technology and
abolishing coursework and practicals in assessments. We need a skilled
workforce, well practiced in technology and innovation, and demonstrably
able to apply those skills to create wealth. The abolition of Regional
Development Agencies, who played a major role in promoting the interests
of SMEs was the Tories greatest folly. Finally, but not least, the
Conservative Party's threat the UK's continued
membership of the EU threatens our export markets and demonstrates their
total lack of business credentials.
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