BP and Shell - Disgusting

[baggieal]

Shocking how this can be allowed to happen when households are afraid to turn on their energy. Shame on these companies and our Government for not stopping this!

BP has reported a second-quarter profit of £6.9bn ($8.45bn) - its highest in 14 years - at a time when consumer fuel prices have been at record highs.

[Dubbag]

Saw that again.
Capital markets working fine so.
Can bail out big banks and industry but not little people.

[Albionic68]

........BP has reported a second-quarter profit of £6.9bn ($8.45bn) - its highest in 14 years - at a time when consumer fuel prices have been at record highs.

Cunch of money grabbing bunts.

[Yarmbaggie]

Saw that again.
Capital markets working fine so.
Can bail out big banks and industry but not little people.

No argument at all about big industry but one thing I don’t agree with is about the ‘little people’.

Even with hindsight I still cannot believe that a conservative Chancellor gave away so much money to support employees and small businesses under furlough through large parts of the pandemic.

Yes I would like to see some form of one off tax on these fortuitous profits but don’t underestimate what the Government did do for ordinary people and yes they got a lot wrong as well.

[baggieal]

No argument at all about big industry but one thing I don’t agree with is about the ‘little people’.

Even with hindsight I still cannot believe that a conservative Chancellor gave away so much money to support employees and small businesses under furlough through large parts of the pandemic.

Yes I would like to see some form of one off tax on these fortuitous profits but don’t underestimate what the Government did do for ordinary people and yes they got a lot wrong as well.

Don’t agree. Sunak wasted a load of money by lack of controls in place for furlough to large companies. So many very profitable companies claimed furlough for their employees without any shame! Victoria Beckham and Branson were two of many for f uck sake! Even restaurants were fiddling the two for one food dishes and this went against healthy eating! Printing money was another mistake as this increased inflation. Sunak also gave the £400 energy subsidy to those who did not need it which was a total waste of money. We wasted millions on PPI. Maybe the Non Dom wife will give up her status and back date taxes and pay inheritance tax. The wife was one of the last to cease her millions of pounds worth of interests in Russia

Now Sunak wants to cut some taxes and back tracked. A real shyster who wants to continue to fill the family coffers! Back stabbing slimy
C unt!

[kettering_baggie]

One can only hope that the new PM will do something about this and levy a tax on these enormous profits, although it will likely only happen if the new PM is Liz Truss. Unfortunately, there is so much fundamentally wrong with our economy that I doubt that any government is capable or willing to go through the pain of fixing it.

For a start, foreign property speculation, not just in London but increasingly over the entire country; foreign ownership of key areas of our transport infrastructure; foreign ownership of critical energy supplies and possibly the most outrageous of all, foreign ownership of water companies. There are many other areas of difficulty in our economy and it would take a very brave government to take them on and it is unlikely that the electorate would have the patience or foresight to give that government time to deal with many of the problems.

The new PM should be bold, grasp the opportunity of bringing about real change at a time when the opposition is clearly hopeless. Whether the Tory powerbrokers would allow such radical policies is another matter but I do think that the public would appreciate a PM that told the truth and showed true commitment to change. The opportunity is there, Elizabeth, seize it.

[mickd1961]

One open goal that the government misses on tax is business rates.

Although it would be detrimental to myself as an online trader they should be taxing business rates based on turnover/profits rather than on square footage.

If they did so High Streets would spring back into life because small business could take a risk knowing that they wouldn’t get hammered on business rates because they’d only be paying based on turnover/profit.

There should be no escape for the likes of Amazon, their “Business Rate” type tax would be then based on the amount of turnover/profit made through their invoiced trading to U.K. customers and to customers elsewhere in the world if dispatched from their U.K. warehouses.

This system is actually so easy to implement that it’s beyond comprehension that no government has ever done this.

[baggieal]

One open goal that the government misses on tax is business rates.

Although it would be detrimental to myself as an online trader they should be taxing business rates based on turnover/profits rather than on square footage.

If they did so High Streets would spring back into life because small business could take a risk knowing that they wouldn’t get hammered on business rates because they’d only be paying based on turnover/profit.

There should be no escape for the likes of Amazon, their “Business Rate” type tax would be then based on the amount of turnover/profit made through their invoiced trading to U.K. customers and to customers elsewhere in the world if dispatched from their U.K. warehouses.

This system is actually so easy to implement that it’s beyond comprehension that no government has ever done this.

Totally agree! Why should you pay the same rate of taxes as Amazon, Google, Sports Direct etc!

Stupid!

[DaveP67 is back!]

They are owned by shareholders, mostly those shareholders are large institutions and pension funds; therefore profit is seen as a good thing, either the government tax them more, which hits the company growth forecasts and ultimately the share price or they get nationalised, this would be hugely expensive and a big hike in our national debt, but would mean the shareholders get the value of the company paid out and ultimately the consumer should get a fair deal on energy. I’m no lefty but am leaning towards all public utilities being put back in the nations hands.

[BaggieBlood]

Shocking how this can be allowed to happen when households are afraid to turn on their energy. Shame on these companies and our Government for not stopping this!

BP has reported a second-quarter profit of £6.9bn ($8.45bn) - its highest in 14 years - at a time when consumer fuel prices have been at record highs.

It's not just BP, it's a lot of companies like supermarkets who aren't passing down the lower prices for oil.

During the pandemic supermarkets made massive profits as we had nowhere else to spend physically.

They should have been subject to a windfall tax too.
.
Truth is the Tories are loathe to impose windfall taxes on those who are essentially their party donors.

This government is the least tory government I have seen in my lifetime. The amounts they have wasted (£28bn) on a app and PPE contracts to their mates are shocking, their was an article in private eye or thee spectator recently about local company who got one these contracts awarding themselves £20m or so in dividends.

And don't believe the levelling up b ollox either. London gets the Elizabeth line at a cost of about £30bn and we get a tram extension from Wednesbury to Dudley.