1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Hi Guest, welcome to the TES Community!

    Connect with like-minded education professionals and have your say on the issues that matter to you.

    Don't forget to look at the how to guide.

    Dismiss Notice

domBoris splashes the billions (yours) on PPE; but who trousers the dosh?

Discussion in 'Personal' started by BigFrankEM, Jul 10, 2020.

  1. BigFrankEM

    BigFrankEM Established commenter

    https://www.craigmurray.org.uk/

    The allegation in the above link is that the answer is "far from clear"

    Very very very far, some might venture?


    (The link incidentally is to a blog which renews automatically and so the story titled "Banana Republic Corruption" [sic] will be further down if you delay in clicking. Though I do not recommend that SNP supporters or believers in Scottish justice should scroll down to anywhere near the date of the Salmond acquittal; roughly 23rd March from memory)
     
  2. monicabilongame

    monicabilongame Star commenter

  3. Aquamarina1234

    Aquamarina1234 Star commenter

    Yes, I've just put that link on my FB page. They can't surely think in this day and age no-one will ever find out, which must mean they just couldn't care less.
     
    BigFrankEM likes this.
  4. florian gassmann

    florian gassmann Star commenter

    Has money been paid to Ayanda? Normally money is not paid until goods have been supplied. No goods; no payment; contract void.

    Jo Maugham may be correct, but he's already been shown to be wrong over Pestfix who, despite their name, have a long record in supplying Personal Protective Equipment.
     
  5. peakster

    peakster Star commenter

    Of course they don't care - they can do pretty much whatever they like and there is nothing anyone can do about it.
     
  6. peakster

    peakster Star commenter

  7. Jolly_Roger15

    Jolly_Roger15 Star commenter

    This government is behaving like the management team of an academy!
     
  8. monicabilongame

    monicabilongame Star commenter

    And the bailouts are going to a lot of their buddies in tax havens, it would seem...
    https://www.thelondoneconomic.com/n...hUWoI3wQ3RLTmzoDtvfRieiuB00cTYJi1_Gxw8lkeAj6I

    Almost a third of companies receiving coronavirus bailouts from the Bank of England are based in a tax haven or owned by someone living there, shocking research has revealed.

    Analysis by TaxWatch UK, a thinktank, found that £4.79 billion in bailout cash has been handed to companies with links to tax havens, or that have been embroiled in financial controversy – close to 30 per cent of the money loaned out under the government’s Covid Corporate Financing Facility.

    One company – Baker Hughes, a subsidiary of American giant General Electric – was granted a £600 million loan, despite the fact that its parent company has been sued by HMRC over unpaid taxes dating back 16 years.

    Luxury fashion brand Chanel – whose ultimate parent company is based in the Cayman Islands – also received £600 million, as did EasyJet – which is part-owned by a trust based in the Caribbean territory.

    A further £25 million went to cruise operator Carnival, whose ships were registered in Panama. Dozens of people have died and over 1,500 confirmed cases of Covid-19 have so far been recorded in connection with the company’s cruises, after major outbreaks on ships like the Diamond Princess earlier this year.

    Machine manufacturer JCB – whose parent company is located in the Netherlands – received a £600 million bailout. The company donated more than £50,000 to Boris Johnson in 2019 and its chairman, Lord Bamford, contributed a further £20,000 to the prime minister’s leadership campaign.

    Critics have lambasted Britain’s reluctance to prevent companies registered offshore from accessing government bailouts, a move taken by a host of other countries – including the devolved administrations in Scotland and Wales.
     
  9. LondonCanary

    LondonCanary Star commenter

    QUOTE="monicabilongame, post: 13199688, member: 650539"]And the bailouts are going to a lot of their buddies in tax havens, it would seem...[/QUOTE]
    1) Do you understand the purpose of the Covid Corporate Financing Facility.
    2) What evidence do you have the shows à connection between government (buddies, as you describe them) and the Wertheimer family?
     
  10. florian gassmann

    florian gassmann Star commenter

    The government can (and has been) taken to court if they break the law. Remember Gina Miller? Remember the Supreme Court bringing to an end the illegal prorogation of parliament last year? Simon Dolan has said he intends to challenge the legality of the coronavirus lockdown in the courts, and Jo Maugham has persuaded the public to part with large sums of money to fund a series of legal challenges to government decisions.

    It is simply untrue to claim that the government can do what they like and there is nothing anyone can do about it.
     
    Kandahar likes this.
  11. BigFrankEM

    BigFrankEM Established commenter

    Fantasy

    When the 2nd wave hits with no PPE Dom sends Boris to the podium to say "No hassle. We've rescinded the contract"

    Pure fantasy

    The company in question puts out a press release "It's a fair cop"

    Fantasy

    As in the article in the OP, I win the HS2 contract and don't deliver.

    Dom tells Boris to announce " It will be built by 2051"

    Fantasy

    Above is future Let's talk recent past:

    How much was knocked off the contract price for the Ferry Company without ferries pre-C19?

    Finally, you are surely not suggesting that Piers,formerly Nicola's better half, who knows the difference between company law in the Caymans, Andorra, Vaduz and Panama has never learned to answer"I'll see you in court."
     
  12. florian gassmann

    florian gassmann Star commenter

    Seaborne Freight lost £13.8 million when the government cancelled their contract:

    Ferry company with no ferries stripped of Brexit contract


    Ferry company with no ferries loses £14,000,000 no-deal Brexit contract

    As I said, contracts tend to stipulate that if goods or services are not supplied, money does not exchange hands. Just awarding a contract is no guarantee that anything will be supplied or spent, so not something to get over-excited about.
     
  13. BigFrankEM

    BigFrankEM Established commenter

    Touche.

    This company created out of nothing folded at once when "challenged"

    By all accounts Piers's outfit, though hyper-hidden from view, is not likely to do the same.
     
  14. BigFrankEM

    BigFrankEM Established commenter

    There is a factor of 15 roughly between the 2 contracts

    Not to mention the savvy of the people involved
     
  15. racroesus

    racroesus Star commenter

    Easyjet getting a cheap loan of £600,000,000 and they can't refund me the cost of the flights they cancelled?

    Those at the top don't care about wagging fingers, too many voters don't care about wagging fingers and those at the top don't care about voters who care about wagging fingers.
     
  16. racroesus

    racroesus Star commenter

    Is the problem with these things about the profits? This company agreed a price for PPE that, surely, includes a profit to the company but there was no attempt to find a cheaper deal from some other company. They may deliver the PPE but take a huge profit. It's the profit that is being given to the 'mates'.
     
    monicabilongame likes this.
  17. racroesus

    racroesus Star commenter

    Had Seaborne come up with the ships they too would have made a profit that 'mates' would have shared.
    Handing out contracts to 'friends' raises ire because if the 'friends' fulfil the contract they get the profit which might be inflated since there was no tendering and if they fail there might also be some upfront payments for work done that also deliver profit. In fact, 'friends' could get, conceivably, get a contract, bill time spent on development and research and deliver nothing of worth.
     
    monicabilongame likes this.
  18. LondonCanary

    LondonCanary Star commenter

    Do you have anything yet, @monicabilongame?
     
  19. florian gassmann

    florian gassmann Star commenter

    As I understand it, there was no time for the usual 35-day (minimum) government tendering process. The UK was said to have had only a few days supply of PPE left. That's why the legislation includes a clause to abandon tendering in an emergeny situation.

    Has anyone done the sums to show profit margins, or is "a huge profit" simply speculation?
     
  20. BigFrankEM

    BigFrankEM Established commenter

    Obviously, once the company accounts (sic) are filed and everything is out in the open, we'll all be able to decide for ourselves.

    Obviously.

    Hands up all who understand Lichtenstein's accounting regulations.

    Caymans.

    Paraguay.

    BVI.
     

Share This Page