38,000 Britons to one taxpayer. When that taxpayer leaves, the tax burden doesn’t leave with them. It falls more on those who remain.
We all want more resources to tackle Britain’s problems and more breathing room for taxpayers.
Driving wealth out of the country achieves neither.
h/t today’s @thetimes
The threat level against the country continues to grow yet the Burnham government has told the British Army to cease major exercises with Challenger 2 tanks and Apache gunships to save money.
Our Bus-Conductor-in-Chief can find money for all sorts of gimmicks that allow him to play to the gallery. But not for essential defence spending. Unforgivable.
A simple truth has been laid bare in the Sunday Times this morning: if you block North Sea production, and ban exploration, you get more imports.
And not just any imports, imports of LNG which carry emissions that are three times higher than what we produce in the UK and have no meaningful benefit to jobs, investment and balance of payments.
The newspaper has uncovered that the UK Government is considering spending billions on new infrastructure to import more LNG as North Sea production declines... while simultaneously banning new UK exploration and maintaining a crippling 78% headline tax rate on our domestic industry.
Climate action should be centred on reducing demand, not choking off supply. Then using the massive boost in revenues from UK production to turbocharge renewables.
The reality is an LNG facility may well be required regardless but it is incumbent on those who are opposed to oil and gas projects being developed in the UKCS to tell us why this is economically and environmentally preferable to using more of our own domestic supply.
I’ll wait…
So let me get this straight, we're going to import gas, export jobs and export emissions.
We're going to pay for someone else to drill dirtier gas, transport it here, lose our tax revenue, sack our own workers, then pretend we're being 'green'.
Righto.
https://t.co/M2vAipN4qj
The SNP supported a supertax on energy companies in North Sea. Norway didn’t.
The SNP opposed any new licenses to explore/drill for oil/gas in North Sea. Norway has continued to issue new licenses — and we now import oil and gas from Norway’s North Sea fields adjacent to our own, which we won’t exploit.
Scotland runs the biggest budget deficit in Europe (about 12% GDP). Norway doesn’t.
A huge chunk of UK oil revenues have gone to cover this Scottish deficit over the years. Norway didn’t have a budget deficit to finance. So it was able to save revenues in a sovereign wealth fund
End of.
Corgarff Castle, in a wild and lonely setting at the head of Strathdon, on the flank of the Cairngorms and guarding the quickest route from Deeside to Speyside. The castle was built in about 1550 and has an outer wall added in 1748. More pics and info: https://t.co/YioIflqGWi
Some years ago I met an Argentinian waitress in Miami who had run her own successful business in Buenos Aires. She said the govt there waged war on entrepreneurs, so she gave up and emigrated to escape - and Argentina was poorer.
This is a good comment on this article:-
"Douglas Chapman the SNP Treasurer resigns because Murrell
refused to let him see the SNP accounts.
The SNP Audit Committee resigned (3 of them) because Murrell
refused to let them see the SNP accounts.
The SNP auditors, Carmichael Johnston, withdraw their services.
The new Auditors, AMS, issued ‘qualified’ status because they, according to the accounts, couldn’t satisfy themselves with sufficient evidence.
The Chair of the SNP NEC berates NEC members for daring to raise their concerns about the lack of transparency and evidence of the
whereabouts of that £667k at the March 2021 meeting.
Yet Sturgeon and Swinney, plus Yousaf, saw nothing, heard nothing and did nothing"
@JohnSwinney Are you really telling us you had no idea what your boyhood bestie was up too?
https://t.co/sI4CfITE8Y