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Here’s How Bad the UK Parliament Has Duffed-up Brexit

by John Brian Shannon


It’s 1169-days since the British people voted to leave the European Union:


Let’s take a look at how it’s going, shall we?

Unbelievably, the European Union is now fully in charge of what happens next on Brexit, and Jeremy Corbyn (who serves as the official opposition leader in the House of Commons) is now fully in charge of when the next UK General Election is held.

Honestly folks, you couldn’t make this stuff up.

It represents a failure of the UK Parliament by any standard. It’s a disaster of epic proportions and only in Britain could such a thing come to pass.

Every single MP in the House of Commons must hang their heads in shame for this utter failure to accommodate the wishes of the British people in a timely and responsible fashion.

And it’s completely beyond me (and beyond thinking people everywhere!) how every British MP hasn’t shamefacedly handed-in their resignation today (with the notable exception of Jeremy Corbyn who has played a bad poker hand better than anyone in history!) and moved-on to something more appropriate for them.

Some other career where things can be dragged-out over 3-years and where it would be acceptable to wind up with a worse deal than the existing deal.

Some other career where things like accountability to constituents, responsibility to act in the national interest, timeliness of service to citizens, a cost of tens of billions of pounds sterling to the economy, and national sovereignty aren’t at stake!


Let’s See How This Particular Disaster Evolved

As you may know, the term UK Parliament refers to the UK House of Commons where British MP’s along with the Prime Minister’s Cabinet and the Prime Minister, write, debate, and then pass legislation in the House of Commons that is sent to the House of Lords (a.k.a. ‘the upper house’) to be further debated (and sometimes amended) and then officially approved by the Lords. After passing both the Commons and the Lords, that piece of legislation is sent to the UK Head of State (a.k.a. ‘the Queen’) for Royal Assent (a simple signature acknowledging that to the best of the Head of State’s knowledge, due process in Parliament has been observed in regard to that piece of legislation).

This time-honoured process of drafting, debating and passing legislation in the UK is a tradition that began in the year 1215 when the first UK Parliament convened.

What I’m trying to impress on you, dear reader, is that we are where we are on Brexit only because of the UK Parliament — as there is no other person or institution responsible for the passing of legislation on behalf of all Britons.

The UK Parliament ‘owns’ this particular disaster and no amount of political spin is going to cover their Brexit errors. It is a failure of governance of epic proportions that will go down in history as one of the worst political debacles ever.

Boris Johnson, Jeremy Corbyn, Nigel Farage, PLEASE, PLEASE, PLEASE, prove me wrong! (I want to be wrong, get it?)


Brexit Timeline

  1. June 23, 2016: The UK people vote to leave the EU (BBC)
  2. July 13, 2016: Theresa May becomes UK Prime Minister (CNN)
  3. February 1, 2017: British MP’s overwhelmingly back Article 50 bill (BBC)
  4. June 8, 2017: Theresa May Loses Majority in UK General Election (NYT)
  5. January 15, 2019: Theresa May’s Brexit deal suffers worst-ever defeat (Guardian)
  6. March 13, 2019: Theresa May’s Brexit deal fails a 2nd time (BBC)
  7. March 29, 2019: Theresa May’s Brexit deal fails a 3rd time (VOX)
  8. March 31, 2019: The agreed Brexit date (& law of the land) is missed (CNN)
  9. April 12, 2019: The EU says Brexit delayed until October 31, 2019 (BBC)
  10. July 24, 2019: The UK gets a new Prime Minister, Boris Johnson (CNN)
  11. August 27, 2019: UK opposition MPs agree strategy to block No Deal (BBC)
  12. August 29, 2019: UK Prime Minister Johnson prorogues Parliament (BBC)
  13. September 4, 2019: Bill designed to stop No Deal Brexit ‘will clear Lords’ (BBC)

So there it is!

It’s the shameful story of how an astonishingly simple order from the British people to the UK Parliament turned into £69.5 billion in losses over the past 3-years (so far!) and how EU negotiators easily beat the UK Parliament by merely getting out of the way to allow the UK Parliament to destroy the dream of Britons who simply wanted to restore British dignity and sovereignty, and how the panegyrists of the UK Parliament are on-track to beg for a worse deal from the EU than the UK already has.

Unless corrected soon, the present Brexit debacle will turn out to be the worst political disaster on planet Earth since the UK Parliament of a previous era sold the then-colony of America (to traitors, privateers & colonists) for 60-pieces of silver.

Theresa May, Stop What You’re Doing & Read This!

by John Brian Shannon

The elephant in the room that you fail to see, Theresa May, is that the EU wants a People’s Vote Labour Government and your party is bleeding MP’s at a rate of four per month. Do the math!

It’s clearly in the EU’s best interest to delay Brexit in the hope that Theresa May’s party will continue losing four Conservative MP’s/month until they no longer command a majority in the UK House of Commons whereupon Labour leader Jeremy Corbyn would contrive a Vote of No Confidence in the government thereby triggering a General Election.

And the spectacle of almost 3-years of Brexit negotiations that haven’t gone anywhere isn’t doing the public mood any good. Therefore, in a General Election, Labour could capture some 325-seats and the Conservative Party would go down in flames.

Jeremy Corbyn (almost) can’t lose now that other opposition parties — including the new Independent Group freshly buoyed with former Conservative Party MP’s — could combine forces to bring down the government. (And it’s conceivable that more Conservative defections could still occur)

Don’t look now, but the sharks are circling, Theresa — and it’s you they’re circling.

If you don’t think Jeremy Corbyn is capable of pulling-off such an upset you’ve seriously underestimated his capabilities!

It doesn’t matter if they don’t agree policy. What matters is that they could work together on an ABM platform (ABM = Anyone But May) to bring down the government.


Just What the EU Wants: Another ‘People’s Vote’

And (obviously) the most direct path to cancelling Brexit is via an Article 50 extension to provide enough time for Remainers, for Remain-fixated media types, for the EU, and for the Labour Party to ‘play’ or ‘game’ the Brexit narrative until they get the result they want — which is a cancelled Brexit and a cap-in-hand UK asking to be readmitted to the EU because it wasn’t competent enough to arrange a viable exit from the European Union.

Jeremy Corbyn is on record calling for a so-called ‘People’s Vote’ to further confirm or deny the Brexit that UK citizens voted for. (Notwithstanding that there have already been two ‘People’s Votes’ — the June 23, 2016 referendum and the June 8, 2017 UK General Election where every party that won seats, ran on a pro-Brexit platform)

But Theresa May ‘played’ the Brexit card for too long and will now get burned unless she acts quickly to regain lost momentum.

Just as the frustration level with the (almost 3-year-long) Brexit process is about to peak, Jeremy Corbyn, his Labour Party, and the EU, appear to have played their cards exceptionally well in calling for another EU referendum at this moment and the chance for a Labour election landslide is high should Theresa May try to extend the Article 50 Brexit date beyond March 29, 2019.

You couldn’t make this up if you tried!


BEFORE You Lose the Next Election, Theresa, Consider These Points:

If You:

  1. …continue to try to thrash your amended Withdrawal Agreement and your beautifully-written-but-legally-meaningless Political Declaration through the House of Commons you’ll bleed evermore MP’s and hand the government to Jeremy Corbyn and his party before you realize what’s happened.
  2. ….seek to extend Article 50, you might lose even more MP’s to the Independent Group and Jeremy Corbyn will become Prime Minister before you know it.
  3. …prevent an Article 50 extension vote from occurring tomorrow and instead drop in an EFTA + UK control of immigration option for MP’s to vote on as an indicative proposition, you’ll change the entire Brexit conversation in a positive way! And goodness knows the resolution might actually pass in the House of Commons with a healthy majority. Whereupon, you’d be on the fast-track to Brexit (as the EU has previously approved the EFTA + UK control of immigration option) and your personal life/life satisfaction would dramatically improve and your government could get back to governing instead of tying itself in knots.
  4. …resign your position as Prime Minister and hand the reins of power to Micheal Gove — he’ll get Brexit done and make it look easy — and he’ll do it without losing MP’s. And you could take-up the position of the Leader of the House of Commons (Andrea Leadsom’s present position) while Andrea Leadsom could move to the House of Lords where she’ll be graciously welcomed to finish out her political career.
  5. …cancel Brexit altogether, at this late date(!) the Conservative Party might cease to exist in the future and such is the present mood of the public that you might lose your seat in Maidenhead and the chance to become a member of the House of Lords at some future date.

Like it or not, those are your choices, Theresa May.

There aren’t any other viable choices, so you’ve got to choose between those five. And you’ve got to decide before 10:00am to allow the Speaker of the House of Commons enough time to be properly informed about what’s planned for the day.

‘Leading from behind’ (or being behind the curve) isn’t an option for you any longer.

It’s time to stick your neck out and make a decision; One that costs you the fewest MP defections and changes the entire, sorry, and disjointed Brexit narrative, thereby putting some power back into UK politics which is looking uncharacteristically weak in recent months.


Bonus Video

Video courtesy of Channel 4 News

Rise, and rise again, until lambs become lions, Theresa May!

 

Is Apology Due From Those Who Invest in Foreign Tax Havens?

by John Brian Shannon

Since revelations have surfaced that billions of pounds sterling have left the UK for foreign tax havens there have been calls for people using foreign tax avoidance schemes to be ‘guilted’ into making a public apology.

Labour leader Jeremy Corbin suggests that anyone using an offshore tax haven should apologize to the country.

One British person who has millions invested in the Cayman Islands is the acting Queen of the United Kingdom. We don’t know if Jeremy Corbin wants Elizabeth Regina to apologize to the British public for investing overseas, and we assume he knows the Queen isn’t required to pay tax under British law, but does so voluntarily.

On a more serious note, the Labour leader is quite right to be appalled at those who, having been raised and who earned a good living in one of the best countries in the world, would then take their money out of the country that made them rich to invest it offshore!

Why would they do it? Because they can make higher returns on their investment (at higher risk) and it’s a way for companies to lower their overall tax burden, and individuals can hide money from family members.


Simple Solutions Work Best

Like taxing any British sterling that leaves the country at 20 percent. That way, HM tax office collects significant revenue and the government can better fund schools, hospitals and roads, etcetera.

Even so, some will choose to invest overseas because they can earn 50% returns or better in so-called ‘Frontier economies’ and even having paid such a (proposed) tax they’ll still earn 30% or better.

For each individual or business the first 100,000 pounds sterling taken out of the country shouldn’t be taxed, but everything after £100,000 individuals and companies should be required by law to pay the 20% tax.

By using this high-ish threshold, Mom, Dad and the kids can go holiday-making in foreign countries and not have to pay the foreign withdrawal tax, perhaps in their entire lifetime.

NOTE: For the first £100,000 worth of withdrawals it could go in Dad’s name, then Mom could use her lifetime 100,000 pounds foreign withdrawal limit. Therefore, a family unit would have a combined lifetime limit of £200,000. Once they hit that threshold, thereafter they would pay 20% tax on each pound that they send or spend outside the country.


On a Separate Note; 19 Billion of Them, Actually

Britain loses about £19 billion annually on so-called ‘Foreign Remittances’ on account of foreign-born workers sending their money home to their families. Who could blame them?

Yet it’s a serious problem, but as previous governments haven’t figured out a way to stop it, it’s never been addressed.

SIX PERCENT of Thailand’s GDP comes from foreign remittances, for just one example, and many other countries count foreign remittances as an important part of their GDP.

UK - Remittance flows from Britain 2015 - Pew Research

Although foreign remittances are only rough estimates, at least $24,878,000,000 in remittances were sent from the United Kingdom to other countries in 2015 alone. The actual amount could be much higher. Image courtesy of Pew Research.

Therefore, expats should be able to send the first 100,000 pounds home without paying the 20% tax — but after that they’re draining the country of money(!) so they must begin to pay the tax when they hit the £100,000 mark.

The trick is to be fair with foreign workers who work hard to earn their money, but to stop the UK being unduly taken advantage-of which has been happening for decades.

The government relies on voluntary notifications of such foreign remittance sending, so the number is pegged at £3.2 billion pounds sterling on the GOV.UK website.

Money exchange units such as Western Union, PayPal, World Remit, and banks and trust companies know the real numbers, but interestingly, not one of them have ever been called to testify to the House of Commons about the gross total amounts transferred out of the UK annually. Not once…


It’s Either Treason Or it Isn’t. It Can’t be Both

With a 100,000 pound threshold, my tax idea isn’t aimed at *normal citizens* nor is it aimed at *normal expats* sending a few thousand pounds home to their families — it’s aimed at the fat cats, at the criminal syndicates, and at wealthy people who earned or inherited their fortunes in the UK who should be deeply ashamed they’re not re-investing in the country that made them rich.

To me, such people should have a fair trial on Friday and if they’re found guilty, let them be found guilty of treason (for that’s what it is, IMHO) and be shot dead on Monday — but that law isn’t likely to be passed in the UK House of Commons anytime soon.


It’s Been Going On for Decades; What to Do Now?

Perhaps we could say; ‘What’s gone on before now we can leave aside, as there weren’t sufficient laws nor guidance for individuals or companies, and frankly, in past decades the taxation rates were grievous to be borne by both individuals and companies’ — but at this late date we’re going to create new laws (that don’t need to be complicated!) to counter the astonishing, continuous, and increasing run on the country’s wealth.


Everything is Nothing – Unless You Can Accurately Quantify and Qualify It

Therefore, the UK government should call banking experts and wire transfer companies to testify (under oath) before the House of Commons as to the general extent of the foreign remittance problem and to quantify and qualify the offshore tax shelter monies that leave Britain annually for foreign tax havens.


How to Plug a Leak

The goal should be to compel banks and wire transfer companies to become ‘part of the solution instead of part of the problem’ as the government needs the information — the banks and transfer companies have it; the government doesn’t! — and nobody else on the planet could begin to figure it all out.

Getting a handle on this decades-long travesty (drum roll, please) could provide a double-boost to the UK economy by;

  1. preventing multi-billions of British sterling from leaving the country by making it uneconomical,
  2. and by capturing billions in tax revenue on money still determined to leave the country,
  3. and allowing the government to earn enough revenue to lower the corporate tax rate to 14.5% (to match Canada and other competitive nations’ corporate tax rate)
  4. which would drive investment to the UK in the billions, and perhaps a trillion pounds over 10 years.

See what plugging a leak can do for the United Kingdom?


Foreign tax havens

Foreign tax havens. Image courtesy of Cayman Financial Review. Click the image to visit Cayman Financial Review for general information on foreign tax havens.