Quote:
Originally Posted by heero_yuy
Labour's plan for 30% corpoaration tax is going to make Ireland's 12.5% look very attractive to big business whereas smaller businesses that have already been hard hit by revalued business rates, cannot re-locate and are struggling are likely to go under.
The current rate here around 20% on many £billions is better than 30% of diddley squat.
It happened under Labour in the 70's with the resulting mass unemployment and rocketing interest rates. Under Corbyn's . Labour it would happen again only much worse. The last few years in France and more severely Venezuela, should be a lesson to all.
Could you afford your mortgage with a 15% interest rate?
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What like it was under John Major?
I read an interesting article on the '70's crisis (cough, to young to remember it) that said LBJ threatened to wreck the UK economy if we didn't join the war in Vietnam, not many years later that happened, not sure if it's true or to what extent there was economic arm twisting or if I'm even remembering the article 100% correctly!!