BREXIT BANKRUPTING BRITAIN

WHERE IS THE PROMISED "BREXIT BONANZA"?
WHO IS FARAGE FOOLING NOW?
WHY ARE H.M.R.C. BLOCKED FROM TAXING OFFSHORE ASSETS?

LETTER To Andrew Marr, at The Andrew Marr Show; the UK's BBC TV Political Program.  

13 July 2020

Dear Andrew Marr,

BREXIT BONANZA.  When you next interview an ardent Leaver such as Et Tu Gove, burbling incontinent Boris, our real PM slogan-writer sociopath Cummings, offshore billionaire Rees-Mogg,  or any of the other third rate Ministers or Shadow Ministers, would you please pin them to their chairs, for however many hours it may take, and insist on them answering in detail, with verifiable facts and figures: Where is the Brexit Bonanza? Where are the new trade deals? With whom? How much profit will the UK make? When will the deals be signed? How many extra jobs will they create? What additional products and services will we export? What additional City passporting rights will we obtain? …And why oh why are we “doing a Ratner” to our largest, most profitable export market? You should start by ascertaining if they or their family or colleagues own any of the £2 trillion UK assets tax-unpaid or paid in tax-havens – and if so, is tax-evasion their personal motive for Brexit?

I have 50 years active practical service as an accountant and business-planner. I find that all the experts and agencies, locally and globally, assert that we will lose 8% of GDP (in addition to Covid-19 impacts) , which translates to 7 million job losses or equivalent reduction in wages. Bloomberg said of Brexit, “It is the stupidest economic decision any country has ever made, ever”.  Please – please – on behalf of the whole nation – discover why our governors and Bullingdon Club betters are so utterly determined to bankrupt the UK and break up the Union. Or are they simply too stupid to do the business arithmetic and comprehend the consequences?

My CV link is in this address block.

I very much enjoy your History books.

Regards – (Mr) Noel Hodson

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Saturday 11

Tax recovery could help fund spending

Using UK assets held in tax havens could help finance Rishi Sunak’s budget, says 

Letters

Thu 9 Jul 2020 

 Rishi Sunak, the chancellor, delivers his summer statement. Countries, such as Japan, manage with large debt and Tory backbenchers are wrong to worry about borrowing large sums to fund government investment, says Bernie Evans. Photograph: Jessica Taylor/AFP/Getty Images

Many ask how Rishi Sunak’s generous budget will be financed (

Of this, it is estimated that $3tn (£2.4tn) is from the UK. If Sunak spends $300bn (£237bn) of this UK hoard, it is only 10% of our tax-haven assets. So, long-term borrowing at near 0% rates is not likely to be a problem. We, the people, will pay the loans back to the tax havens in due course. If HMRC is empowered to levy back-tax and penalties as normal, it will approximately amount to the whole capital – $3tn – and spare the UK taxpayers.

• Sunak’s statement was the creation of a chancellor determined not “to scare Conservative backbenchers”, as your 

Noel Hodson - Director

Tax Reconciliations, Oxford UK,