Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
oh dear
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Pathetic. If they had set the price at what the Mirror suggests, the issue would have flopped.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
probably has by now peter,another tory cock up by under pricing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
A very successful flotation Brian - by every measure, except those measures set by people with a political axe to grind who know nothing about such things.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
axe to grind,not me.mines sharp enough as it is.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The truth about the Tories: Osborn, Capitalism & the fallacy of 'trickle down' /AgjAryW5A1
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Try again............
Trevor Gay @Trevthered
The truth about the Tories: Osborn, Capitalism & the fallacy of 'trickle down' PLEASE RETWEET pic.twitter.com/AgjAryW5A1
Courtest Twitter.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not really up to speed with twitter, this link seems to work though.
https://twitter.com/TrevtheredGuest 716- Registered: 9 Jun 2011
- Posts: 4,010
Howard click on Trever Gay
Trevor Gay @Trevthered
The truth about the Tories: Osborn, Capitalism & the fallacy of 'trickle down' PLEASE RETWEET pic.twitter.com/AgjAryW5A1
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
sounds like osbourne been found out again
ALL POSTS ARE MY OWN PERSONAL VIEWS
Bob Whysman
- Registered: 23 Aug 2013
- Posts: 1,938
BarryW wrote:A very successful flotation Brian - by every measure, except those measures set by people with a political axe to grind who know nothing about such things.
I'm not complaining either!
Do nothing and nothing happens.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Who could disagree with any of the following...
"The detrimental effects of the unnecessary and enormous borrowings by some companies deserve greater prominence than just the last sentence of an article about Thames Water (Ofwat to halt Thames Water 8% price rise, 17 October). It is not just the avoidance of tax but the increase in prices to pay the interest and to still provide a profit that are hurtful. It seems to me the acquisition of a UK company by private interests typically goes as follows. Using a large loan the private company or fund buys a UK company that has no substantial debt - for example a utility company or a football club - then causes the acquired company to take out a big loan, the proceeds of which are paid to the new owner as a dividend, or some such, thereby extinguishing the owner's original debt. The transfer most likely avoids tax in any country.
The UK company now labours under a large debt, restricting its ability to borrow for genuine business purposes and requiring higher prices for its goods or services in order to pay the interest, which may be set against profit for tax purposes. Not only does the loan carry a high rate of interest but, the new owner may even have a beneficial interest in the lending organisation.
Some private owners will state they have never done all of the above and, in any case, it is all within the law. So, it is shrieking out for the law to be changed so that this series of steps is thwarted.
Barry North
Cobham, Surrey"
http://www.theguardian.com/world/2013/oct/17/who-owns-britain-anybody-but-usIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
interesting comments tom
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Who, indeed, could disagree with any totally simplistic, yet devastatingly concise and cunningly worded analysis of a situation, lovingly couched in Guardianese to ensure both publication and 15 minutes of fame for the author? Obviously Something Must Be Done.
interesting comment keith
not
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
But, but Peter, this guy is called Barry. I had thought that that may stand for probity and erudition.
Can it be that, instead, it stands for;simplistic and duplicitous verbiage? Or is this The Guardian's imprimatur?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
In 2008 the book 'Who Runs Britain'*, written by one Robert Peston, was published. (Essential reading. Said Howard Davis of The Times).
The last chapter of this book, also titled - Who Runs Britain, opens by recounting some of the details of four separate stories that ran in the press on the first of June 2007.
One of these stories was about the takeover of Boots by a leading US private equity firm;Kohlberg Kravis Roberts (KKR) and the concerns of the Boots pension trustees. Peston writes...
"The main reason that pension trustees are usually concerned when private equity buys their respective parent companies is that the debts of those parent companies typically increase very sharply after a takeover - because private equity finances most of the cost of these deals with borrowed money. And if a company such as Boots is under pressure to pay the interest and principal on billions of pounds of debt, there may be less cash available for investment in the pension scheme."
[He goes on to explain the part played by British banks in all this.]
*
ISBN: 978-0-340-83944-7 (RRP:£8.99)
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
interesting comments tom
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Thank you Peter...its all the brackets, semicolons, hyphens and the like...these give everything a quaint Baroque feel;don't you think?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.