British Speedway statement

[Hawk127]

6 hours ago, dontforgetthefueltapsbruv said:

 

The government made a healthy profit on much of its injection into the banks

And the banks have lost nothing during the pandemic. All loans underwritten by the government are what is described as ‘zero risk’ rated so no bank capital is used and the return on the loan goes straight to the bottom line of the bank as net as profit.

The conservatives have been irresponsible in the loans/grants to businesses during the pandemic and those in receipt are surprised regarding the tax implications and are pleading  ignorance on this point despite most having accountants who will have given best advice. 

The tax payer in the U.K. has been ripped off because of so many unscrupulous businesses falsely taking loans and an irresponsible government who with such abandon, threw money at a situation without thinking it through and consequently leaving a system open to abuse. How many businesses owners have taken the open cheques from the government and bought premium bonds etc. Those who doubt this are ill informed, most accountants know what has gone on and when tax returns are completed, accountants are alerted as to why the returns are wrong and most of the issues relate to the grants and loans dished out willy nilley by the government to businesses who are less than honest.

The current financial implications for the domestic market re price caps on fuel etc. are because of the failure to manage the reduction in fossil fuel use over a reasonable period of time and the investment in alternatives which has lead to everyone paying over the odds in the short term rather than a managed financial strategy over a reasonable period of time. The hike in direct/indirect taxation through NI as well as the fuel increase etc. should never be solely down to one individual of the like of Sunak who through family wealth will never ever be impacted by the hardship of the average U.K. citizen.

 It says it where the country has a top table as a governing body which is made up of the privilege few who the rules do not apply and yet claim to understand the current financial crisis but will never be affected by the financial hardship many will suffer. They seem to be really taking the p... out of each and every struggling worker/household.