Boris Johnson’s remarks about corporation tax cuts being a great thing have come back to torment him as he stood before business chiefs and assured them it was fiscally able to cancel tax cuts for big businesses, so that money could be used to pay for the NHS.
But just months ago, when he was running in the Tory leadership contest, he excitedly debated for the exact opposite position and he said that every time corporation tax has been cut in this country it’s generated more income.
Well, that’s not stringently accurate, and even recently, Business Secretary Andrea Leadsom was making the same argument, seemingly oblivious that Boris Johnson was about to deliver a screeching u-turn on the tax cuts.
And now he’s saying that they’re suspending further reductions in corporation tax which saves £6 billion that they can put into the priorities of the British people, including the NHS.
So, is Boris Johnson telling the truth, well, if you’re asking whether the Tories cutting corporation taxes has raised tax revenue, the response is no?
There appears to have been an increase in revenue after the corporation tax cut, but not because of it and much of the increase in revenue since 2010 is solely recuperating from the consequences of the financial crisis and recession and they would have expected a return in profits even if the corporation tax rate hadn’t been curtailed.
Corporation tax revenues today are at much the same level they were at before the financial crunch, despite a 7 percentage point cut in the headline rate. That’s because a series of other changes have increased the effective rate of corporation tax because the headline rate isn’t all that matters.
Abandoning the proposed further 2 percentage point cut will leave the government with about £6 billion a year more revenue than it would have got had it gone ahead with the cut.
Tax cuts for the wealthy, soup kitchens and Foodbanks for the great unwashed but only in a country that won two world wars and now we know who we won them for and it wasn’t for us.
That’s precisely why the Tories were booted out shortly after WWII. Labour then introduced free tertiary education, which has since been destroyed by the Tories, the NHS, now under threat from the Tories, Social Security, massively reduced by the Tories and nationalised the inefficient train system, since re-privatised by the Tories.
When Britain emerged triumphant from the Second World War, the Labour Party under Clement Attlee came to power and formed a comprehensive welfare state, with the founding of the National Health Service giving free healthcare to all British citizens and other improvements to benefits.
The Labour Party added charges for NHS dental services and glasses in 1951 and the Conservatives returned to power in 1951, accepting most of Labour’s postwar reforms but included prescription charges to the NHS in 1952 and denationalised steel in 1953.
They presided over 13 years of economic recovery and stability, however, the Suez Crisis of 1956 demonstrated Britain was no longer a superpower, although Ghana, Malaya, Nigeria and Kenya were given independence throughout this period.
Labour returned to power under Harold Wilson in 1964 and superintended a range of social reforms including the partial decriminalisation of homosexuality and abortion, the relaxing of divorce laws and the end of capital punishment.
Edward Heath returned the Conservatives to power from 1970 to 1974 and oversaw the decimalisation of British money, the accession of Britain to the European Economic Community and the height of troubles in Northern Ireland and the wake of the 1973 oil crisis and a miner’s strike, Edward Heath introduced the three day working week to conserve power.
Labour made a recovery to power in 1974 but a string of strikes carried out by trade unions over the winter of 1978-79, known as the Winter of Discontent paralysed the country and as Labour lost its majority in parliament, a general election was announced in 1979 which took Margaret Thatcher to power and started 18 years of Conservative government with triumph in the Falklands War, 1982 and the government’s strong opposition to trade unions helped lead the Conservative Party to another three terms in government.
Margaret Thatcher initially pursued monetarist policies and went on to privatise many of Britain’s nationalised companies such as British Telecom, British Gas Corporation, British Airways and the British Steel Corporation, fortuitously, she kept the National Health Service.
The questionable Community Charge, generally called the ‘Poll Tax’, used to finance local government was despised and the Conservatives removed Margaret Thatcher as Prime Minister in 1990.
Margaret Thatcher’s replacement John Major succeeded the Poll Tax with the Council Tax, same thing, just another name for it and oversaw successful British involvement with the Gulf War.
Despite a recession, John Major led the Conservatives to a surprise victory in 1992. The events of Black Wednesday in 1992, party disunity over the European Union and various embarrassments involving Conservative politicians led to Labour under Tony Blair gaining a landslide election victory in 1997.
Labour had shifted its policies closer to the political centre, under the new catchword ‘New Labour’. The Bank of England was given autonomy over monetary policy and Scotland and Wales were given a devolved Scottish Parliament and Welsh Assembly respectively.
And a devolved power-sharing Northern Ireland Executive was founded in 1998, considered by many to be the end of The Troubles.
Tony Blair led Britain into the Afghanistan and Iraq War before leaving office in 2007, when he was superseded by his Chancellor Gordon Brown and a global recession in 2008-10 led to Labour’s downfall in the 2010 election.
It was succeeded by a Conservative-Liberal Democrat coalition, overseen by David Cameron, that proceeded a series of public spending cuts to decrease the budget shortfall and in June 2016, the United Kingdom voted to leave the European Union, which led to David Cameron’s departure.
Following that, the Conservatives succeeded David Cameron with Theresa May.
Theresa May engaged in a scheme to take the country out of the European Union with her flagship Brexit withdrawal agreement but with this agreement having folded in the House of Commons three times, Theresa May quit and a Conservative leadership election followed, which Boris Johnson then won.
On the 24th July 2019, Boris Johnson was elected Prime Minister and now it seems politically acceptable to say that corporation tax cuts were the holy grail of all human beings.
But now a few weeks later it’s politically acceptable to say there will be no corporation tax cuts and to further pretend to be on the side of the people by saying the money would go to the NHS instead, like the Brexit dividend of £350 million a week.
So, Brexiteers, what do you think’s going to happen if old Boris wins the election and how manipulated are people going to be? Because some simple dupes will want to replicate this absurdity that sustains their childish pride but this is why Conservative voters are so effortlessly manipulated by crooked leaders.
But when Boris Johnson is wolfing foie gras in an upmarket Mayfair eatery with his mercenary Eton confidants, city wideboys and tax dodgers while he’s giving a pooh-pooh speech, he’ll do what he wants in his Eton chums interest while supporting the super-rich while persecuting the disabled, poor and handicapped.
Of course, many people take the view that all politicians lie, well, they might not all lie, but they do shrug their shoulders and treating all politicians as fabricators gives a permit for the complete breakdown of the integrity of British politics, a collapse that practised deceivers such as Boris Johnson are thrilled to exploit.
And the British media isn’t holding him to account for his repeated lies and its high time journalists did their job and started to regain their self-respect and it’s difficult to comprehend how any rational person can believe a word Boris Johnson says.
He lies about everything, no matter how minor or major and now he’s even failing at his most significant task, promoting himself and he gets believed because his lies never get outed and we have a sympathetic media that covers the lies because they want him to win and so no single lie of his will be called out.
And quite a lot is being revealed about Tory anti-Semitism and Islamophobia but it doesn’t get to the press, yet social media is rife with it and there’s a lot more being revealed about contributions to the Tory’s from Russian Oligarchs, £3.5 million recently.
Boris Johnson is a habitual liar and if it wasn’t so serious it would be comical, he’s incompetent and he’s embarrassing to watch and it seems true that people will vote for the Tories especially when they’re promising tax cuts.