The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Sunday, 16 December 2012

British Business Lends A Helping Hand To The US.

The United States loves British business. The love them because they provide them with billions of dollars to help with their deficit. Why? Because British business, almost entirely unregulated at home and with unlimited money courtesy of the British taxpayer, are little better than criminal organisations who think nothing of laundering money for drug cartels, illegally fixing inter-bank interest rates, or inflicting huge environmental damage in the Gulf of Mexico. The 7% increase in the value of Britain's top 100 companies in the FTSE has come at a huge cost - £6.4 billion in fines levied by the United States alone. Of course even these vast sums are chicken feed to such companies - after all they don't have to pay tax and, if they do get into financial difficulties, they can always help themselves to the money of those that do. The Tories are very fond of trotting out the excuse that is these companies were not allowed these privileges then they would upstakes and go somewhere else. In fact there are very few countries in the world with both the infrastructure and the lack of regulation they need to pursue their criminal activities and none where they could reasonably expect to have direct access to taxpayers money. There are also few countries in the world where they could have access to a reasonably educated workforce at such a low coast in terms of wages. The Tories also like to demonise "benefit scroungers" who, they imply, are little better than a criminal underclass. But who are bigger "benefit scroungers" than British business, relying as they do on the taxpayer subsidising low wages through Working Tax Credits, and who are no better than a criminal overclass?

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