Calamity Grayling opposes Cameron’s unilateral bank tax

RT @leftfootfwd VIDEO: Calamity Chris Grayling opposes principle behind Cameron's unilateral bank tax http://cli.gs/sMhYu

RT @leftfootfwd: VIDEO: Calamity Chris Grayling opposes principle behind Cameron's unilateral bank tax http://cli.gs/sMhYu

Um, but he is talking about a transactions tax (as proposed by Gordon Brown), which the tories have ruled out. what they are proposing is a tax on banks’ balance sheets.

so nice try, but another miss I’m afraid

ps I’m sure you know the difference between a transactions tax and a tax on banks balance sheets, so can only conclude this is a deliberate act of mischief. not very evidence based…

Another blatant piece of dissembling from Will Straw whose does not know his left foot from his arse or elbow!

This is a common tactic by the New labour henchmen who dont know the truth even though it jumps up and hits them on the head. Joanna in a previous point, accurately points out that Grayling was talking about a transaction tax proposed by the Fat Controller, the unelected and unwanted Gorgon Brown – which the Tories have sensibly ruled out because we all know that everything Brown touches or proposes turns to sh*t.

Chris Grayling was talking about the Conservative proposal which is a tax on the bank balance sheet.

This is New labour’s ruse – they deliberately keep talking about “the deficit” – and not what in reality is DEBT

“investment” is GOVERNMENT SPENDING (overspend in the case of this useless Government)

“Union Training Fund” – money laundering in effect – give it to Unite and other unions to help “training” which they in return give back to labour. In effect – our tax £’s are being used by the Government as funding for the labour party.

THIS IS SHEER CORRUPTION AND MORE WILL BE HEARD OF THIS IN THIS ELECTION CAMPAIGN.

Unions should be treated like other businesses in the private sector – if you want to train your members – pay for it yourself!

How any serious reporter like Straw above, can publish sh*te like this for no other effect than to smear and distort a sensible and popular Conservative proposal, just about sums up the filth and corruption that is at the heart and soul of new Labour. SHAME ON YOU!

The question referred to the Robin Hood Tax not the Bank levy Cameron announced today – didn’t you understand that!

This is really desperate stuff even from you!

Will, can you tell us the total amount of taxpayers money that has been passed to the unions by this government under the gueises of the modernisation and learning funds whilst defence budget have been cut and our soldiers lifes are put at risk?

There was no deception see the update http://bit.ly/cJERCc RT @SamuelCoates: Fraser Nelson says it's easy for misleading blogs to be exposed

RT @leftfootfwd: Calamity Grayling opposes Cameron's unilateral bank tax http://cli.gs/sMhYu

Thanks for the Update, Will, but sorry, I don’t buy it. International currency transactions are highly-internationally-mobile. Banks themselves aren’t nearly so mobile.
The Green Party supports a Tobin Tax, but only if it can be brought in by international agreement. Whereas it is absolutely clear that a basic bank tax could be brought in unilaterally, and should be (except that the banks should be properly nationalised or remutualised, such that actually it wouldn’t be necessary.)
I think that you might have to back down on this one, my friend!

“How any serious reporter like Straw above, can publish sh*te like this ”

1. He isn’t a serious reporter
2. Ask a the union who fund this blog

Hope this helps

RT @wdjstraw: There was no deception see the update http://bit.ly/cJERCc RT @SamuelCoates: Fraser Nelson says it's easy for misleading b …

So which unions gives this blog all its cash then? would be fascinating to find out how it links to people in the cabinet via proxy.

Er, wouldn’t you be better off Will just apologising for completely misunderstanding Grayling’s remarks in relation to Cameron’s idea. Come on, own up, apologise and be a man. Your mealy-mouthed footnote does you no favours.

I think this is one of those blog posts which might be better off quietly disappearing overnight, left behind only in the Google cache for a future thesis on “The days when blogs pushed it too far.” Rapid deletion might avoid the author the ignominy of appearing as a footnote in that particular work.

Yes, quick, delete it

then tomorrow you can report that chocolate rations are to be increased

@ Old Holborn

I realise that the Straw Man is not a serious reporter and after reading his weasel words in his update, I fully endorse your comments above.

Just another Quisling in thrall to the New Labour Politburo – how can anyone take seriously a blogger taking his orders from Brown Balls Darling?

“If – as Grayling believes – you can’t behave unilaterally for one policy aimed at the financial sector, you can’t for the other either.”
Umm… of course you can, depending on the policy. To suggest otherwise is arrant nonsense, vis. British corporation tax being different to that of France, or Germany, or the US.
I’m sure Mr Straw that you’re not suggesting that Gordon Brown and now Alistair Darling had to get manifold international agreement any time they tinkered with the tax system. I know that Gordon loves his G20 summits but he’d need to be at them non-stop to act in accordance to the daft logic inherent in your latest update.

re update 15:47
What exactly is the principle you are talking about?
That local jurisdictions cannot apply taxes on banks?
Rubbish. It’s not a Tobin tax that Cameron proposes.

How long before this lying blogpost is taken down?

nice try Will but you failed – again !!

Will, YOU have missed the point. Chris Grayling was opposing a transaction tax which will not work unless every banking jurisdiction in the world signs up to it a an uniform rate as otherwise all transactions will be routed through a country with a zero (or lowest) rate and the Cayman Islanders will all become as rich as Bob Diamond thanks to reciving the whole world’s baking transactions taxed at 0.0001% on practical grounds.
David Cameron’s proposed levy, on the other hand, cannot be dodged unless the bank gives up it UK banking licence so it can be collected at any rate up to 100% of UK-originated profits of that bank plus the synergistic benefits to its worldwide network of having a subsidiary or branch in the world’s leading banking centre.
Secondly Chris Grayling did NOT attack the principle of David Cameron’s proposal – he acted the PR Spin and/or futility of the suggested “Tobin tax”.
Wikipedia says you read PPE so it is mildly disappointing that you don’t grasp the point that, for tax purposes, banks can locate transactions wherever they have a branch or subsidiary or even associate; it is more disappointing that your comprehension of English does not stretch to recognising that your quote “It’s a principle that no-one could oppose” says that Chris Grayling does NOT oppose the “principle” of taxing banks.
Tobin’s idea was not to raise money but to stop banks wasting time and money chasing tiny fractions of a percent in speculative forex trading – that was a good aim but everyone who has looked at it seriously has concluded that it cannot be made in the real world

Sorry: that should read “he attacked the PR Spin” not “he acted”
Also “banking” not “baking” – although the idea of turning the Cayman Islands into the world’s largest bakery does have its attractions

It seems that commenters are unable to follow our comments policy. We’ve suspended comments as a result.<<ROFFLE http://bit.ly/92RmzH

@liammurray basically @wdjstraw wrote utter tripe , comments reflected this so comments closed http://bit.ly/9djwtf

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