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Chancellor gives a lesson in Creative Accounting
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OneFootInTheGrave | Report | 8 Nov 2014 11:22 |
The Chancellor George Osborne is proclaiming, under the deal agreed yesterday at a meeting with EU Finance Ministers, that he has halved the £1.7billion that the EU demanded from the UK and that we will only pay £850million - now that is one of the best examples of "Creative Accounting" I have ever come across ;-) |
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Dermot | Report | 8 Nov 2014 11:47 |
The Chancellor has regularly been praised by the PM as to the eloquence of his speech when analysing failures. |
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OneFootInTheGrave | Report | 8 Nov 2014 11:51 |
50% + 50% = 50% - hmm have I got that right :-S |
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Graham | Report | 8 Nov 2014 12:26 |
50% of nothing + 50% of nothing = 50% of nothing ;-) |
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RolloTheRed | Report | 8 Nov 2014 12:55 |
Well he has certainly got the payment date put off until after May 2015 which is what he is most interested in. Gorgeous George has managed this with the connivance of the French ( the main beneficiary of the payment). Holland is trying to massage his 2015-6 budget to show an deficit improvement when nothing of the sort seems likely. The UK payment would not help France much for this current tax year but will be helpful 2015/6. |
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OneFootInTheGrave | Report | 8 Nov 2014 14:17 |
There is of course for the lovers of conspiracy theories, the coincidence of the timing of this demand. News of the demand hit the headlines at a time, when the Prime Minister David Cameron, is being crucified by his Euroscepticism MP's, is campaigning to stop UKIP winning the Rochester & Strood by-election, and at a time when UKIP is making gains in the polls. |
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