Thursday, May 17, 2012

Top 10 UK companies made £100bn profit last year. Did you feel the benefits?

The 10 companies above made a combined profit of £100 billion last year. During the same period the UK economy stagnated, adding less than £5bn to its GDP. During the In addition, wages stagnated, unemployment grew, inflation rocketed, VAT was hiked to 20% and millions of people had benefits cuts. In total the government collected £48 bn in extra taxes from workers through national insurance and consumers in VAT. At exactly the same time, George Osborne cut profit tax by 1% in 2011 (and by a further 2% this year). Are you thinking what I am thinking?

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