The global economic crisis that not has not only had a catastrophic impact on small and medium sized businesses, governments and ordinary people – but also large multi-billion pound industries such as Google and Amazon – is continuing to spread. And as governments around the world look to raising as much money as possible, the question has to be asked ‘why are some companies avoiding paying tax?’
The allegations that the co-chair of the Conservative Party Lord Feldman described Conservative Party activists as “mad swivel-eyed loons” is not only grossly offensive but is also going to have an impact on Tory activists campaigning for the Party in the months and possible years to come – already some Tories have switched to UKIP. Feldman apparently made the comments at a private function on 15th May.
The second phase of High Speed 2 (HS2) was announced by the Department for Transport in January 2013. The HS2 scheme which will cost the taxpayer around £33 billion will revolutionise travel and slash the time it takes to travel across the country. For example the time it takes to travel by train from Manchester to London Euston is currently around 2 hours and 14 minutes, with HS2 that will be cut to 68 minutes. HS2 is controversial though and critics warn that HS2 will ruin the countryside and that the billions invested on HS2 are better spent elsewhere – particularly with the cuts to public services. Some of those criticisms are rightly justified but there needs to be a way of boosting the economy and getting more businesses to invest in the UK.
The political fireball that is the EU has continued to cause problems for the Prime Minister David Cameron. Cameron who has stated that he would prefer Britain to be a member of the European Union but with renegotiation has the support of a minority of Conservatives and most Labour people. But with the rise of UKIP and the Right in his own party, he has a choice – national vs party interest.