The big news this week politically, is that a group of business leaders have signed a document throwing their support behind the Conservatives, over Labour’s plan to increase National Insurance. The group of businessmen signed a document calling for the 1% planned rise, to be scrapped. The news media are treating it like a huge coup for the Tories. The news that business leaders support the Tories, is being treated, like huge surprising news. Surely this is less interesting and surprising news, than Ricky Martin telling the World he is gay, about fifteen years after we all figured it out any way. In other news, Jim Davidson is still shit, the BNP are still racist scum, apparently a bear shat in the woods today, Hitler was a bit of a git, and the sun might rise sometime tomorrow morning according to latest reports.
One of the business leaders who signed the document, is Paul Walsh. Walsh earns £3.6million a year as Chief Exec. of Diageo PLC, a huge wine and beer company based in London. It’s net income last year was £1,725,000,000. Now obviously, earning close to two billion pounds is not enough. A 1% N.I increase would apparently cripple them. Lucky for Diageo then, that they have a dedicated management team who do not really like to pay taxes. According to a Guardian report, Diageo over the past decade has paid a little over £43,000,000 in tax. That’s around £4,300,000 a year. In reality, they should have paid £144,000,000 a year. That equates to £1,397,000,000 tax loss. If you were to scrounge an extra few pound a week benefit payout, you’d be threatened with prison. Scrounge an extra £1,397,000,000 and you’re well on your way to being knighted for your services to “CREATING JOBS AND BEING ALL WONDERFUL!” That gap in the treasuries takings, according to the Guardian would take 20,000 households paying income tax to fill. So wondrous are Diageo, and so committed to the wellbeing of their workforce, that after posting profits of almost £2bn, they closed a Jonnie Walker blending plant which had been a community of Kilmarnock local historical institution, and made 700 people redundant. Around the same time, Mr Walsh’s salary increased.
Another businessman to sign the statement in support of the Conservative Party, is Justin King, chief executive of J Sainsbury. The President of J Sainsbury, is John Sainsbury, Baron of Preston Candover, with a net worth of £1.3bn, he is a Conservative Party donor, and member of the Conservative Party.
A third businessman to sign the statement in support of the Conservative Party is Simon Wolfson, chief executive of Next. Wolfson is a member of the Conservative Party and donated to David Cameron’s 2005 campaign, and named by the Telegraph as the “37th-most important British conservative.”
A fourth businessman to sign the statement in support of the Conservative Party is Philip Harris, chairman and chief executive of Carpetright. Harris is a Conservative member of the House of Lords, and is worth £285,000,000. He is considered a close personal friend of David Cameron, and has donated money to the Conservative Party.
Do you see a pattern forming?
The Treasury expects unemployment to fall by a quarter of a million, next year, despite the 1% increase. And whilst Tory donating Businessmen have come out against the increase, most economists appear to be suggesting that the businessmen are wrong. The Times says:
“Martin Weale, of the National Institute of Economic and Social Research, pointed to the last time NI rose, in 2003. Rather than cut jobs, employers responded by paring back the growth in wages.”
The Tories claim that they will stop the rise, and instead cut £12bn of public sector waste. Apparently, that isn’t classed as attacking jobs. Even though, according to Professor Colin Talbot at Manchester University, Britain’s foremost academic expert on public sector efficiency, even £6bn would cause 120,000 job losses in both the public and private sector, because the Tories planned “savings” include hitting small private I.T firms. The business leaders don’t seem too bothered by that. Because, afterall, it doesn’t affect their huge salaries.
Of course business leaders have backed the Tories. We’re all fully aware that a 1% rise in National Insurance is not going to destroy Britain in the way these big bosses say. It is the same rhetoric they used to attack minimum wage introduction legislation; businesses everywhere will go bust; riots on the street because poor people love big businessmen and don’t wish to be paid a minimum standard of wage in order to stay alive, if it means those poor businessmen can’t afford a new yacht; England (which will be renamed Ingsoc) will set on fire; Dorset will be completely submerged beneath a sea made by evil socialists; and gay people will rule the World, all because of minimum wage. In other words, fear tactics built on empty rhetoric. Because twelve years later, minimum wage is one of Labour’s greatest achievements.
The letter says:
“In the last few years, the private sector has improved its productivity by around 20%, while productivity in the public sector has fallen by 3%.”
Not surprisingly, they didn’t offer any evidence to back that claim up.
Firstly, if that is true, that’s quite an impressive statement from a conservative section of society toward a Labour government. (Although, i’m not sure how you actually measure public sector productivity, given that it isn’t a product based sector, nor is it profitable) Surely, that is indirect backing for Labour? Secondly, whilst the private sector may have improved productivity by 20%, but whilst wages have been kept low, bosses salaries, according to Incomes Data Services firm investigation, have risen 18.3% to now 150 times greater than the average employee. Sir Peter Bonfield CBE, FREng, C.U.N.T of BT saw BT share price go from £14, to £5, under his control. He then left BT with over £6,000,000 whilst thousands of workers lost their jobs. This was in 2002, before the recession struck.
So wondrous has the private sector been over the past few years, it has brought the entire financial system to it’s knees, demanded bailouts from all of us, and those responsible are now living in luxury whilst their employees are struggling to find work and keep their homes heated.
The letter goes on to say:
“Cutting government waste won’t endanger the recovery – but putting up national insurance will.”
When you’re in a position to be able to resist all government “waste” because you earn over £1,000,000 a year, you can say things like that, and continue on your deeply ignorant path in life. Many people rely on social services, that would be put under major threat under another Tory government. Of course, the huge salaries of the big bosses wouldn’t be under threat, and so the bosses don’t appear to care. It is obvious that under a Tory government, the way to cut the deficit will be to hit those who cannot afford to feed themselves the hardest, whilst the wealth of the very wealthy will be protected. That is the legacy of the Thatcher government. The business leaders’ priority is not the public good, nor is it maintaining the wellbeing of the Country that allowed them such obscene profitability at the behest of others (No matter how much they say a 1% N.I rise is a huge “tax on jobs”); their priority is handing a healthy amount of money over to the shareholders who actually don’t do any of the work that brings the wealth in themselves (Corporate Socialism, I call it).
The idea is to create a business haven in the UK. And that’s fine. If it is supported by a top class public service and a decent infrastructure. You can go to a third World country and do business uninterrupted and deregulated to the extreme. You can be a real businessman. Use children. No National Insurance. No equal rights. Don’t pay too much out in wages. No work hour limits. Real Capitalism.
The CBI, the guys who actively protested against the introduction of minimum wage, the guys who want students to pay far more for their education whilst they themselves went to University when it was free, the guys who suggested cutting any educational courses that they deemed to be “micky mouse”, said:
“We applaud the decision by a number of Britain’s most senior business leaders to take a public stand against the planned rise in national insurance – which is a clear and unequivocal tax on jobs.”
I would like to take this opportunity, to say just how much I despise the CBI. Thatcher killed off the Unions because they had too much power of the Government. Well, she opened the door for the CBI, arguably the most powerful union of them all, and they keep flexing their puss filled muscles every chance they get. Why are we listening to people who campaigned for banking deregulation, and a free-for-all attitude to banking? They should disgust us. They have damaged us far more than the Unions ever could. The very same people who are telling us how best to deal with the recovery, were the people who contributed to the mess we’re all in, in the first place. We were deceived by these people, playing with fake money, for years, and now they are running the show again? Has nothing changed?
Growth is an interesting concept. Growth when it comes to the business World is neither moral nor immoral. It is amoral. Growth and “giving jobs” as is often the defence of big business. But what does this apparent wondrous philanthropy actually mean? Well, it means that the
cunt businessman at the top wants to protect his millions, the shareholders who do nothing for the good of the company or humanity in general get a healthy pay cheque every so often, the workers are paid as little as physically possible, and the producer is paid even worse. We’re then encouraged through the constant raping of our minds to buy pointless shit we don’t need, purely to prop up businesses that shouldn’t actually exist, and buy another lovely house in a sea side resort for the business man who only uses it once a year and so contributes to the destruction of the once healthy and happy sea side town (See Beadnell in Northumberland for confirmation). I’m all for growth, when it extends the public good, feeds the hungry, and creates affordable drugs. Growth to me, does not equate to greed. I am not for a manipulated and diseased form of growth by big business, who then claim they are “creating jobs“. Growth, within the system that we live, equates to nothing more than a lovely big return on investment, regardless of the public good.
These businessmen are not worried about their businesses. Their businesses are doing just fine. They are not worried about the little people, as proven with Lloyds group and over 10,000 unemployed recently whilst their boss makes more money than every before, they are also not worried about the deficit and the Country. They are worried about their own wallets. They want more. If they are seen to back the Tories, and the Tories win, you can bet a mountain of deregulation and further destruction of the public sector will follow. Another generation of people from poorer backgrounds who are taught they are worthless, and should resign themselves to a job at McDonalds.
The problem is, the system failed. The private system. These top businessmen sucked it dry for all it is worth for years. They used their new found immense profits to pay workers as low as possible, keep the money away from producers, create offshore accounts to avoid tax, fund the Tory party, but on the plus side, buy a lovely new Mercedes. And now, once that gravy train failed, they have washed their hands of it, and will blame everyone else. Socialism, or lazy people, or Governments, or Unions. Business will never blame business. The Tories will never blame business. Business afterall, “give us jobs!!”. The workers, to these people, are dispensable and just cogs in machinery. Their lives are not important. I hope the entire stinking system fails miserably. I secretly hope for a workers revolt, in which expensive business suits are thrown onto bonfires and a form of Anarcho-syndicalism is proclaimed.