Private equity is a key part of shadow banking and has been buying-up many businesses. What private equity entails is private equity firms using funds raised from institutional investors to acquire and engage in buyouts of businesses.
‘Millions of Brits face the choice of living in a cold home, going without food and other essentials, not paying bills, and getting even deeper into debt. There is a strong prospect of riots and social disorder.’
The 25% tax is only on selected profits of oil and gas companies, mainly North Sea profits of what the legislation calls “ring fence trade”.
‘The government claims that wage rises are inflationary and that it can’t afford to pay. Such claims lack substance.’
‘They are part of a growing international movement, perhaps a new kind of Cadbury and Quaker capitalism with a social conscience’
Through wage freezes and cuts, the government is waging class war on workers
There are now a record 177 billionaires in the UK. A wealth tax is a necessary step for reducing inequalities and building a society that enables everyone to live a fulfilling life
The government has handed £895bn to speculators but can only find £12bn for infrastructure development.
‘The government has failed to address the systemic factors behind the cost-of-living crisis. ‘
The annual rate of inflation has hit 9%. Average wages during the first three months of the year increased by just 4.2%.
