In case there is any doubt I do blame tax haven / secrecy jurisdictions for this:
The Office for National Statistics today confirmed unemployment rose to almost 2.03 million in the three months to January — the highest in 12 years and a rise of 165,000 from the previous quarter.
That was broadly in line with expectations but the claimant count — which only includes those drawing jobseeker's allowance — surged by 138,400 last month, easily exceeding the record rise of 118,000 set during the depths of the early-1990s recession.
Tax havens do three things. They provide unfair economic advantage to the already wealthy. They undermine the credibility of markets. They over-reward financial risk and result in too little reward being earned by real economic activity that employs people. All three have harmed job prospects.
The financial crisis was not created offshore. But offshore massively amplified it.
Real people are paying the price.
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Complete Rubbish!
You need get out of your chair and get on a plane to visit each offshore financial center to see what they do! Clearly, you are not an expert on activities that occur in ALL financial centers.
Your first stop should be Bermuda!
SN
Sirron
So banks collapsing because of their offshore activity have had no effect on unemployment
Run it by me how that one works
Richard
“There is enough for everyone’s need, but not for everyone’s greed.”
– Mahatma Ghandi
How can it be morally right for those who can afford it to squirrel their money away offshore and pay no tax, while others pay their fair share and struggle?
I know it’s legal – but it’s not fair.
M