Knives out for George Osborne in Tory backlash

[AtW]

He is a financial genius! Apparently the sugar tax (on soft drinks) will raise 520 million but will actually cost 1 billion to implement. Obviously not the sharpest tool in the box, must be the lack of a state funded education

I'd call BS on that cost figure, £1 bln, really??? All drink makers have to put sugar contents on each bottle, so that's already known, all they need now is increase sell price accordingly for known products and return money to HMRC. £10 mln cost - maybe, £1 bln - total BS.

Legal action will probably be one of those "human rights" based one, can't see how they'd win, but maybe that £1 bln cost figure refers to cost of lawyers

And yes I think that's a very Gidiotic tax.

[darmstadt]

He is a financial genius! Apparently the sugar tax (on soft drinks) will raise 520 million but will actually cost 1 billion to implement. Obviously not the sharpest tool in the box, must be the lack of a state funded education

The cost of the sugar tax has been revealed in documents published by the Office for Budget Responsibility alongside the budget. The extra cost will come from a predicted rise in accrued interest that the government will have to pay on debt that is linked to the rate of inflation.

The new tax will add 24p a litre to soft drinks with the highest sugar content, a cost that could be passed on to shoppers through higher prices, meaning inflation would rise.

The chancellor has predicted the tax will raise £520m in its first year, far less than the cost of introducing the levy.

**** knows how much the court case could cost, if it comes to pass: Drinks makers consider legal action against sugar tax | Business | The Guardian

[PurpleGorilla]

[BrilloPad]

True he went to St Pauls....

Hence the nickname Oik.

[darmstadt]

He did not even go to Eton!!!

Would a man who like cocaine and ladies of the night have gone to Eton? If he had of gone to Eton I think that it would be more stockings and oranges...

[AtW]

Osborne did not go to Eton.

He did not even go to Eton!!!

[VectraMan]

Great. Brexit in June, followed by Corbyn sweeping to power sometime in September in the snap General Election called after the total disintegration of the Tory party.

A great time to be British.

[pjclarke]

Government to struggle on without Duncan Smith’s warmth and charm

[darmstadt]

International Day of Happiness - 20 March 2016 ....

[SueEllen]

Osborne did not go to Eton.

True he went to St Pauls....

[Waldorf]

Get this commie barsteward back to Eton for re-edukation

Osborne did not go to Eton.

[Gumbo Robot]

It's that twisted, smug grin that does it for me.

I'm sure there's a parallel universe where he and Ed Balls take it in turns to attach the electrodes.

[PurpleGorilla]

But George fixed the roof with a March of the makers.

[AtW]

"Downing Street was battling to avert a full-blown leadership crisis on Saturday as George Osborne suffered an unprecedented backlash from Conservative MPs.

The Chancellor was facing calls to be demoted from his colleagues inside government due to his botched handling of the row over cuts to benefits for the disabled.

Senior MPs warned that Mr Osborne’s hopes of succeeding David Cameron had been fatally undermined by the furore, which led Iain Duncan Smith to quit the Cabinet on Friday night.

But two leading Eurosceptics rallied to Mr Osborne’s defence. Writing in the Telegraph, Michael Gove puts aside his differences with Mr Osborne over Europe to express his heartfelt support for his “friend”, the Chancellor, and his Budget. "

...

“There’s going to be a reshuffle in July after the referendum. [The Prime Minister] should move George to the Foreign Office and replace him in the Treasury with Theresa May.”

Meanwhile, back-bench Tory MPs have launched an “anyone but George” campaign in an attempt to stop him becoming the next party leader.

One backbencher suggested that Mr Duncan Smith has “Geoffrey Howed” the Chancellor, a reference to the former deputy prime minister’s devastating resignation speech, which is credited with helping end Margaret Thatcher’s premiership.

Bernard Jenkin, the senior Tory MP, said Mr Osborne’s “high handed” and “short-termist” approach had tested the patience of a number of ministers.

Source: Knives out for George Osborne in Tory backlash - Telegraph

Get this commie barsteward back to Eton for re-edukation