Ian Blyth – It's Just a Thought

My thoughts and opinions

Good Gordon!

Posted by Ian Blyth on 9 October 2008

I not a big fan of our ex chancellor and now Prime Minister Gordon Brown or “Grabber” Brown as I call him as that is what he has seemed to do for the last 10 years. Grab as much money from people in taxes as possible. Still I have to admire him for standing up to his party and the trade unions when they were saying that he should do a windfall tax on the energy companies. Now it is one thing if they were colluding to fix prices and make profits but ordinary profits should not be grabbed just because the trade unions have a bias against them. That signals to all commercial companies that there is no point in trying to make a profit as the government will just take it on a whim. It is one thing having taxes in place that tax profits. That is reasonable and the companies can plan for that. They can not plan on the whims of a government to remove their profits which may have been planned to use to invest in building up the company (and generate more employment trade union leaders take note) over the next few years.

So good for you Gordon. And shame on all the politicians and trade union leaders who clamoured for this.


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