The UK’s 2017 General Election

The UK’s 2017 General Election

News
Theresa May called a snap election, and on this day - the 8th of June - those that had the foresight in registering to vote before the deadline will be able to choose which party and which member of parliament represents them in parliament for - possibly - the next five years. The snap election was called, and within less than 6 weeks all parties had to campaign and to get their message out to the public. Both campaigns of the Conservatives and Labour parties during these 6 weeks could not have been more polarised in their ideological stances and in their tactics. Within this time-frame, although the issue and the mandate of Leave is settled amongst the two major parties, the divisiveness of the EU referendum has oozed out…
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Triggering Article 50, the Deal

Triggering Article 50, the Deal

News
On Wednesday the 29th of March 2017, Theresa May will trigger Article 50. Article 50 is the section within the Lisbon Treaty - part of amendments made in 2008 to the Maastricht Treaty - which allows a member state to enact its departure from the European Union. This process means a minimum of two years of negotiations between the Conservatives and the European Commission, after 'obtaining consent' from the European Parliament. Towards the end of the negotiations, the resulting agreement must be approved once in Westminster - due to the Conservative's reluctance to face too much scrutiny from opposition members of parliament - and must be approved by the European Parliament and each of the 27 members of the Council for the process to be complete. However, the two year period of…
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Post-Brexit

Post-Brexit

News
As you might remember, a few months ago I wrote a medium-sized episode in News specifically about the negotiation David Cameron was attempting with the European Union at the time. If you read this post by clicking here, you will see that these negotiations were made in order to be used as persuasive tools to the public and his own party so that they would eventually choose to ‘Remain’ at the upcoming referendum. What was pointed was to take notice of how the majority of these bargaining tools resembled a policy perspective that exemplified most of deficiencies of the current economy, and economic and political discourse in the United Kingdom. Despite this, what is even more frightening is that even these negotiated terms have been rejected by a majority of the…
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The Panama Papers

The Panama Papers

News
In the land of UK politics, things have gotten a little heated. This is mainly due to David Cameron - the prime minister's secrecy with regards to his investment in an offshore fund founded by his father: "David Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork". It took the prime minister almost 5 different statements to admit that he profited from shares in Blairmore Holdings Inc. He made a total revenue of £31,000 and profit of £19,000 when he sold those shares in 2010 before becoming prime minister - the amount of which happened also to be conveniently under the required amount of profit (£20,200) made…
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The UK’s EU Referendum

The UK’s EU Referendum

News
Here we are again. There is no doubt that a lot of folks out there are wondering 'what's all this about?' for this one. In layman's terms, we can vote on whether we want to remain in the European Union or not this year - on June the 23rd. If we vote to leave, this is what we call the "Brexit". Now, how have we got to this point? Is it because we as a nation naturally feel disconnected to the majority of the European Union which resides on the main continent, and are naturally an EU-sceptic nation? Possibly, although EU scepticism is currently rife and has a history amongst a quite a few other influential nations in the European Union which also happen to reside on the continent. If…
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Google & Taxes

Google & Taxes

News
Welcome to episode 1 of our News series, explaining to you what something is all about, basically. We're starting here with the fiasco between Google and the effective tax rates that corporations such as Google actually pay. Due to the recent deal that Google made with the UK government this year, Google's effective tax rate of the last decade is lower than 3%, compared to the effective tax rate of 20% in the UK which other large businesses pay each year. As we have already explained in the principles series so far: we have a clear distinction between the real economy which involves local and small business, and the shadow economy which encapsulates the global reach most large businesses possess. With this story of a single company in the case of…
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