The UK is like a person who looks rich but doesn’t own anything. The house is rented, the car is leased, the fancy watch is a gift from grandma.
Most British companies aren’t British. If you don’t own the assets, you don’t get the profit and you don‘t have the wealth.
The UK Government wants you to believe that the top 10% of British earners and investors aren’t paying enough in taxes (despite covering 50%+ of the bills).
The truth is, the UK doesn’t own anything anymore. When “British companies” make a profit it goes back to their foreign shareholders.
The economy isn’t in trouble because of wealth inequality the economy is in trouble because of asset deficiency.
The last chance the UK has to fix this is the small group of dynamic entrepreneurs and investors who are UK based. If you lose them, you’ve lost the existing businesses and the ability to create new ones. If the government taxes rise more - the only thing left in the UK will be cheap labour for foreign companies to exploit.
Here’s a list of 30 “British Brands” that aren’t:
1. Rolls-Royce Motor Cars – Owned by BMW (Germany) since 1998.
2. Mini – Also owned by BMW (Germany) since 1994.
3. Bentley – Owned by Volkswagen Group (Germany) since 1998.
4. Jaguar – Owned by Tata Motors (India) since 2008.
5. Land Rover – Owned by Tata Motors (India) since 2008.
6. Cadbury – Owned by Mondelez International (USA) since 2010.
7. P&O Ferries – Owned by DP World (United Arab Emirates) since 2006.
8. Boots – Owned by Walgreens Boots Alliance (USA) since 2014.
9. Scottish Power – Owned by Iberdrola (Spain) since 2007.
10. British Steel – Owned by Jingye Group (China) since 2020.
11. Weetabix – Owned by Post Holdings (USA) since 2017.
12. Harrods – Owned by the Qatar Investment Authority (Qatar) since 2010.
13. Selfridges – Owned by the Weston family (Canada) since 2003.
14. Lotus Cars – Owned by Geely (China) since 2017.
15. O2 – Owned by Telefónica (Spain) since 2006.
16. Thames Water – Part-owned by a consortium including China Investment Corporation (China).
17. House of Fraser – Owned by Sanpower Group (China) since 2014.
18. Fortnum & Mason – Owned by the Weston family (Canada) since 1951.
19. Vauxhall – Owned by Stellantis (a multinational conglomerate headquartered in the Netherlands) since 2021, after being previously owned by General Motors (USA).
20. Costa Coffee – Owned by The Coca-Cola Company (USA) since 2019.
21. Caffè Nero – Majority-owned by The Cyrpus-based holding company controlled by its founder, Gerry Ford, with significant involvement from foreign investment firms.
22. Innocent Drinks – Majority-owned by The Coca-Cola Company (USA) since 2013.
23. Manchester United – Owned by the Glazer family (USA) since 2005.
24. ARM Holdings – Owned by SoftBank (Japan) since 2016 (with plans for a partial public offering in the USA).
25. Hamleys – Owned by Reliance Industries (India) since 2019.
26. Virgin Atlantic – 49% owned by Delta Air Lines (USA).
27. Odeon Cinemas – Owned by AMC Theatres (USA), which is controlled by Wanda Group (China).
28. Thomson Holidays – Now part of the TUI Group (Germany).
29. New Look – Controlled by Brait SE (South Africa).
30. Harvey Nichols – Owned by Dickson Concepts (Hong Kong) since 1991.
The Prime Minister blaming Junior doctors for hospital waiting lists is one of the most despicable things he’s said
& for the record he’s offered them a crappy real terms pay cut
If like me you stand with the junior doctors who sacrificed so much to keep us safe RT this widely