There will be a
gradual decline in the value of the UK regarding its standing vis a vis
other countries world wide which will be similarly reflected in a
decline in the prosperity of the country.
These are the words of Philip Hammond this morning in a television interview but of course this has been the condition for large swathes of the population for over 6 years and further inflated since the cuts started by George Osborn in his effort to balance the national books. For many it was believed that the brunt of these savings in the national interest were levied disproportionally on the poor whilst the rich successfully levied for tax reductions and many companies who had, through clever accountancy, avoided paying tax at all and were handled with kid gloves by HMRC.
It
is well known that the Banks had been given a massive fillip by the
Exchequer, through the Bank of England by propping up the banking
sectors balance sheet using the nations tax receipts to infuse huge
amounts of Capitol, not as a loan but as a method of writing off bad
debts. This massive largesse direct from the pockets of the working man
and woman was accepted, much as casualties are accepted in war time, but
when the people saw the traders and CEOs, almost immediately resume,
with their snouts firmly in the trough, illicit financial transactions
as if nothing had happened but this time with "our" hard earned money,
the scepticism began to grow that the system wasn't right.
When
the Management/shop floor differential in earnings went from 50 to 100
to 200 times the wages paid to the ordinary worker, people began to see
what Globalised Neo-Liberal Capitalism actually meant, it was no wonder
that the LEAVE campaign with its disregard for the people who were
warning of the dire consequences, (largely the money men) , if we left
Europe were deliberately ignored. In their minds we were technically on
the road to the poor house anyway and this way, we might take some of "them" with us.
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