Madbob
23rd Jul 2010, 17:15
Looking at the headlines in today's Daily Telegraph saying that according to Liam Fox we don't have the cash to maintain a balanced set of forces to defend the nation from all potential threats, the answer surely must be to target funds aimed at simulating the economy under QE, at MOD's equipment suppliers.
A few of billion £££s spent procuring the much needed kit we all need would help keep our national defence industries in business, maintain employment, possibly create a platform for overseas sales of defence "material" and creates economies of scale advantages to industry which all help to lower the unit cost of whetever is being made. This would also ease the strain on the defence budget, which we know is already over-stretched.
I don't know the sums, but for every £100 spent the govt will get back c. 20% in income tax, 5% in National Insurance, 20% in VAT, 24% corporation tax, Business rates ,not to mention the extra taxation burden we all have when we spend our hard-earned luca on petrol, fags and booze....:=.
When all is said and done, the net "leakage" to the taxpayer is likely to be less than 20% especially if there is a buy British slant given to where the money goes.....though I suspect that the EU bureaucracy in Brussels might frown on us doin that! :ugh:
MB
A few of billion £££s spent procuring the much needed kit we all need would help keep our national defence industries in business, maintain employment, possibly create a platform for overseas sales of defence "material" and creates economies of scale advantages to industry which all help to lower the unit cost of whetever is being made. This would also ease the strain on the defence budget, which we know is already over-stretched.
I don't know the sums, but for every £100 spent the govt will get back c. 20% in income tax, 5% in National Insurance, 20% in VAT, 24% corporation tax, Business rates ,not to mention the extra taxation burden we all have when we spend our hard-earned luca on petrol, fags and booze....:=.
When all is said and done, the net "leakage" to the taxpayer is likely to be less than 20% especially if there is a buy British slant given to where the money goes.....though I suspect that the EU bureaucracy in Brussels might frown on us doin that! :ugh:
MB