Opinion – EU Trade Commissioner: No trade talks until full Brexit – BBC News – John Gelmini

BBC Broadcasting House, Portland Place at the ...

BBC Broadcasting House, Portland Place at the head of Regent Street, London (Photo credit: Wikipedia)

This is rubbish from the BBC and the EU trade commissioner because German big business is already leaning on Merkel to expedite such talks.

Triggering article 50 should be delayed until the negotiating position has been worked out and decision-tree’d and until competent negotiators are in position. The BBC is once again trying to force the country into making precipitous and ill considered moves to suit the bloated bank accounts of its board. We should negotiate when we are good and ready not listen to this trade commissioner who is little more than a Rottweiler being ordered to savage the UK Government and frighten it by barking loudly.

Some jobs will be frozen as Dr Alf says, but firms like Vodaphone, which are threatening to leave the UK will not want the social chapter costs, training levies and higher salaries that they will have to pay and if they did leave. I would want to revisit the sweetheart deal initiated by Dave Hartnett, the former HMRC Chief Executive and demand the full £20 billion GBP in Corporation Taxes that Vodaphone hasn’t paid in the last 20 plus years. Other firms making similar threats need to have their bluff called.

Passporting rights for financial services firms do not present an insurmountable problem because the clever use of a nearshoring location held at arms length using virtualization can be used to circumvent the present impasse and we have leverage in the form of customs procedures which could be made more difficult for German car manufacturers and engineering firms in order to concentrate minds quickly.

Currency speculators and Masters of the Universe should be free to make money but George Soros style financial terrorism needs to be curtailed by firm action as it was when Soros tried to bankrupt Malaysia whose Prime Minister refused to be intimidated by him and his Bilderberger colleagues.

The UK Government is going to have to lower Corporation taxes below the level of the Dublin Financial District and Singapore to offset the losses in Corporation tax which cancel out the foreign exchange we gain from exports to the EU and the rest of the world and it is going to have to make BT PLC, HSBC PLC and a number of UK firms with offices in Dublin move back to the UK using a mixture of carrot, quiet exhortation and stick.

Boris, Gove and Farage are already yesterday’s men but the BBC selling propaganda and speculation masquerading as news is still very much in evidence.

The licensing fee needs to be abolished and the whole thing privatised along with the mass firings of its left-wing reporters, gnarled presenters and most of its management who must never be allowed to come back as interims, advisors or consultants.

To summarise, we must hold our nerve, refuse to be bullied or browbeaten and take action against those who continually create barriers to progress like the BBC, financial terrorists like George Soros, civil service mandarins, closet Druids who threaten our energy security and damage farming, the SNP and local authority chief executives.

John Gelmini

Opinion – The British economy after the coalition – Martin Wolf – FT.com

Martin Wolf, the FT’s top economic commentator takes a hard-look at the economic record of the Coalition Government. It’s an evidence-based, must-read article. Check it out!

via The British economy after the coalition – FT.com.

The report card ahead of school holiday might read:

Lot’s of hard work, could be more focused at times, easily distracted but in spite of everything made good progress!

Like myself, Martin Wolf would have preferred the Coalition to invest more heavily in top-quality, economically sounded public sector capital expenditure programs. The financial case for incremental borrowing and investment in properly validated public works programs is overwhelming.

However, the bottom line is the economic comparison between Conservative Coalition and the previous Labour Governments. The damage of the 2008 financial crisis could have been partially mitigated if the Labour Government had not squandered money in later years, like pay rises for the NHS. My colleague, John Gelmini recently reminded us that Labour’s post-war record in government has always been to leave the cupboard bare at the end of office.

In spite of everything, in terms of economic outlook, jobs and prosperity, my view is that David Cameron is a safe pair of hands. Remember, Ed Miliband forgot to mention the economy in his keystone speech to the Labour Party Conference.

Who would you trust most, the familiar face of David Cameron, more experienced second time around or ‘Red Ed’ who stabbed his brother in the back?

Thoughts?