Collecting the right tax from wealthy individuals - NAO report This new report National Audit Office examines the extent to which HMRC is well placed to support wealthy individuals to pay the right tax.

Private or sweetheart deals are made, which can't be scrutinized.

Very few prosecutions of enablers or the wealthy.

This report may interest you.
www.nao.org.uk/reports/coll...

It is by design.

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam Charity calls for a levy on the very richest and the closing of tax loopholes in its report on offshore wealth

Global super-rich may have hidden $3.55tn from tax officials.

0.1% of households have more wealth than the poorest half of the global population.

Govts funded by the super rich, don't shut down tax havens and the tax abuse industry or levy wealth tax.

HMRC goes easy on wealthy individuals.

Ofwat warns water companies over executive pay and governance - Water Magazine Ofwat writes to water companies reinforcing expectations that executive pay must be firmly aligned with company performance and customer outcomes.

Ofwat warns England water companies over executive pay & governance.

This is just a PR circus.

Companies have reframed bonuses, customers have no say on exec pay.

For years companies have dumped sewage, fleeced customers, no exec prosecuted, no corporate licence cancelled.

All approved by govts.

Motor finance – the FCA is more worried about banks than consumers The Financial Conduct Authority’s motor finance redress scheme announced last week amounts to one of the largest ever consumer failures by the regulator.

Motor finance scandal shows the FCA favours banks over consumers.

Diluted £20bn compensation to 14.2m customers, became £7.5bn to 12.1m customers to appease banks

FCA knew of the scandal in 2015/16, did nothing until Supreme Court intervened in 2025.

FCA doesn't hold banks to meaningful account.

Price of first class stamp rises to £1.80 The rise come as the postal service faces criticism over missing delivery targets.

Royal Mail privatisation scandal

Today price of 1st class mail rises to £1.80 - an increase of 10p; 2nd class, by 4p to 91p.

When privatized in 2013 by Tory/LibDem Govt: 1st class 60p; 2nd class 50p.

Royal Mail hasn't met letter delivery targets, but price still rises.

Regulators do what?

Want to know capitalism’s endgame? Just look at private equity – it has captured our everyday lives | Hettie O'Brien These companies now own everything from nurseries to care homes, squeezing vital services for profit while we foot the bill, says Hettie O’Brien, author of The Asset Class: How Private Equity Turned C...

Private equity controls our lives from the cradle to the grave.

Profiteers from hospitals, nurseries, housing, care homes, undertakers.

Business model - high prices, low staffing/wages, high debt, asset-stripping, tax abuse.

Life commodified & financialised.

Profits for the few, misery for many.

Trump’s Iranian ‘civilisation will die’ threat.

How many will he kill and maim? Bitterness will linger for decades. US is diminished.

The man is demented and should be tried for war crimes.

"Hell is empty and all the devils are here", wrote William Shakespeare. Maybe he had Trump in mind.

Trump’s Iranian ‘civilisation will die’ threat.

How many will he kill and maim? Bitterness will linger for decades. US is diminished.

The man is demented and should be tried for war crimes.

"Hell is empty and all the devils are here", wrote William Shakespeare. Maybe he had Trump in mind.

Plan 2 student loan interest rates capped at 6% in England The cap on Plan 2 and postgraduate loan interest rates comes amid a risk of rising inflation.

Student loan interest rate capped at 6% in England.

Welcome but not enough. It is higher than the rate of inflation and Bank of England base rate.

Student debt UK, £292bn; England, £267bn.

Must abolish university tuition fees. Most European countries do not charge fees to their citizens.

1974: the top marginal rate of UK income tax was 83% + 15% unearned income surcharge.

There were no university fees & food banks, short NHS queue.

Now top tax rate is 45%.

1% have more wealth than 70% of the population combined.

13.4m live in poverty, food banks everywhere, £292bn student debt.

British billionaire Chris Rokos to donate £190m to Cambridge University Hedge fund founder Chris Rokos said he wanted to

Hedge fund billionaire to donate £190m to Cambridge University.

Wealthy elites funding elite universities, deepening the class divide with high intake from private schools

Others face financial squeeze as the state pressed not to increase taxes on corporations and wealthy elites to fund education.

Price of first class stamp rises to £1.80 The rise come as the postal service faces criticism over missing delivery targets.

Royal Mail privatisation scandal

Today price of 1st class mail rises to £1.80 - an increase of 10p; 2nd class, by 4p to 91p.

When privatized in 2013 by Tory/LibDem Govt: 1st class 60p; 2nd class 50p.

Royal Mail hasn't met letter delivery targets, but price still rises.

Regulators do what?

1974: the top marginal rate of UK income tax was 83% + 15% unearned income surcharge.

There were no university fees & food banks, short NHS queue.

Now top tax rate is 45%.

1% have more wealth than 70% of the population combined.

13.4m live in poverty, food banks everywhere, £292bn student debt.

Want to know capitalism’s endgame? Just look at private equity – it has captured our everyday lives | Hettie O'Brien These companies now own everything from nurseries to care homes, squeezing vital services for profit while we foot the bill, says Hettie O’Brien, author of The Asset Class: How Private Equity Turned C...

Private equity controls our lives from the cradle to the grave.

Profiteers from hospitals, nurseries, housing, care homes, undertakers.

Business model - high prices, low staffing/wages, high debt, asset-stripping, tax abuse.

Life commodified & financialised.

Profits for the few, misery for many.

British billionaire Chris Rokos to donate £190m to Cambridge University Hedge fund founder Chris Rokos said he wanted to

Hedge fund billionaire to donate £190m to Cambridge University.

Wealthy elites funding elite universities, deepening the class divide with high intake from private schools

Others face financial squeeze as the state pressed not to increase taxes on corporations and wealthy elites to fund education.

'Benefits changes mean my son could lose out on £200 a month' Charities say families are facing financial worries as changes to disability benefits come into effect.

UK disability benefit cuts

New applicants for the health top-up to Universal Credit
to receive half of the current rate whilst cost of living rises. Loss of £200+ a month.

If you lose your benefit and reapply, you get the lower rate.

Thousands will be pushed into poverty.

Cruel.

'Benefits changes mean my son could lose out on £200 a month' Charities say families are facing financial worries as changes to disability benefits come into effect.

UK disability benefit cuts

New applicants for the health top-up to Universal Credit
to receive half of the current rate whilst cost of living rises. Loss of £200+ a month.

If you lose your benefit and reapply, you get the lower rate.

Thousands will be pushed into poverty.

Cruel.

Corporations don't pay the headline rate of UK corporation tax (CT).

Effective tax rates are lower because of tax reliefs & subsidies.

Despite low effective CT rates, UK is at or near the bottom of the OECD investment league.

Did low tax rate persuade water companies to invest or pay dividends?

Red tape slashed to let banks encourage savers to invest Financial firms given permission to offer customers tailored suggestions and nudge cash savers into the stock market

UK banks can nudge customers to invest in shares.

They will get commission, accept no responsibility for losses.

Only new shares provide money for investment. Secondary shares is just churn.

Another example of the state supporting finance industry, turning people into speculators
archive.ph/F9XNU

96% of Clacton population is white, 2% are Muslims, 32% of population is over 65.

Town has poor infrastructure, housing; low education and skills attainment. Holiday camps have long gone. Lot of work is seasonal and low-paid. Strongly voted for Brexit.

All down to political neglect.

Corporations don't pay the headline rate of UK corporation tax (CT).

Effective tax rates are lower because of tax reliefs & subsidies.

Despite low effective CT rates, UK is at or near the bottom of the OECD investment league.

Did low tax rate persuade water companies to invest or pay dividends?

Click the link shown in the article.

The economic multiplier effect of speculation into shares is low. It won't create many new jobs.

Govt investment, funded by people's bonds, into semiconductors, rare earth, clean energy and emerging industries will create more jobs, self reliance and economic stability. But that is not the agenda.

It is anyone who is registered with the FCA, which includes banks, building societies, pension providers and other financial firms who are authorised for what the FCA calls Targeted Support.

Would your building society urge you to take your money elsewhere? Only if that makes more money for it.

The House always wins.

There will be numerous conflicts of interests as banks push certain stocks.

Red tape slashed to let banks encourage savers to invest Financial firms given permission to offer customers tailored suggestions and nudge cash savers into the stock market

UK banks can nudge customers to invest in shares.

They will get commission, accept no responsibility for losses.

Only new shares provide money for investment. Secondary shares is just churn.

Another example of the state supporting finance industry, turning people into speculators
archive.ph/F9XNU

Ownership of UK quoted shares.

Foreign owned, 58.8%
UK individuals, 11.6%
Unit trusts, 8.2%
Banks, 3.6%
Pension funds, 1.6%
Insurance companies, 1.2%
Other financial institutions, 12.4%

Despite privatization giveaways Britons not keen on share ownership.

Can't afford to speculate and take risks

B&Q boss Thierry Garnier nails down bumper 70% pay hike The remuneration figure means Thierry Garner, pictured, has now been paid a total of £19.4m since he took on the job in September 2019.

Boss of B&Q and Screwfix gets 70% pay rise, to £3.9m. Most store staff are on low wages.

B&Q was named and shamed for not paying the minimum wage.

Govts preach pay restraint to workers, silence on exec pay, dividends, share buybacks.

Workers create wealth, but have no say in its distribution.

Today from the unhinged Felon

"Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell - JUST WATCH! Praise be to Allah. President DONALD J. TRUMP".

Playground bully.