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Flexible conviction politics

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Flexible conviction politics

Local MP Neil Coyle showed his convictions by proposing Corbyn as leader and then ditching him - it is individual power and not politics or representing the views of electorate. EU out has brought it out

Leaders 

Tories: who cares? BoJo will not post Article 50 to get the divorce from the EU in motion, hardly probable that any politician will. Divorce between the moneyed tends to be messy at best, having twenty odd partners baying for the cheque book and children ...

Labour has the opportunity to take up its traditional left position, not likely as the Blairites have the votes. Chilcott report may have some effect but there will be heaps of edits by Tony himself. Spend, spend, spend has to be the message, UK debt is ever increasing and to be added to hugely again (£50 billion by the end of the month above the usual?). Spending on employment for NHS doctors and nurses, building rail and cycle infrastructure and improving rail travel plus cutting costs by government funding. There has been about £500 billion set aside for financial services support with some £120 billion going into the back pockets (tax haven accounts) of the wealthy - it is plan which has lengthened auterity for five to ten years.

Financial Services

Some could well move to other EU countries to continue to take part in the single market, if the politicians actually leave. It will take at least a year to move - premises, digital infrastructure and actually having a modicum of compliance to financial standards required by EU. Financial services are a large part of GDP but how much the Treasury receives in tax is something else. If UK leaves EU there will be far less choice as far as movement of money goes - protectionism for cash leaving UK - upper rate tax can be moved to 45 - 50% and maybe another level at 60% and above. Getting money of the super-rich is not going to cause heartache for the majority

Building

This is another area for central government spending - more social rent either through buy back of previous council land, at cost, and/or new build. If things stay as they are Southwark will move from getting no real income from Elephant for at a century or so to something much further away - the financing was through Lend Lease Europe who will be able to renegotiate terms on UK leaving EU. The thousands of mystical 'affordable' homes that have been promoted by the Labour group move further in to the land of fiction.

Thames Water supersewer is already underwritten by George but is not on the Treasury books - so allegations go. Either even more government goes to finance a private company or there is a good chance Thames Water goes down the drain (couldn't resist) BHS pension hole could be a drop in the ocean. Could lead to use of SUDS instead of building the sewer but where is the dividend for investors in that?

Manufacture

We promote the same old same old - promissory notes, increased amounts for tax relief on loans to start-ups, cheaper rents and preferably based on percent of profit. Having a free workshop for two or three unemployed to do six months R&D, financial planning, raising capital and learning what is needed before setting up a new business. Better chance of success and should be no extra cost to DWP education schemes around already.

These could be a solution if UK actually leaves EU - were are not betting on it. Knee jerk money making is all that counts for MPs with power, short-termism requires a lot of patience from the powers that be.

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