Liam Byrne admits 'We've run out of cash'

[plekhanov]

BP pay 4% of all corportation tax paid in the UK, so halving the profits to pay for the clean up would cost the UK 2% of its total corporation tax.

Where'd you get that figure from btw? Does it come with a figure of how much corporation tax they actually paid in the last available year?

[esme]

11 posts and we're off topic already, good old sheffield forum

[mj.scuba]

It would appear that Labours now ex-Chief Secretary to the Treasury has been honest about the country’s finances. Chief Secretary to the Treasury David Laws received a short note from his Labour predecessor Liam Byrne, with a frank admission on how much money is left. None

 

http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8687530.stm

 

So how was labour going to continue to invest in public services if the treasury had indeed run out of money

 

At least he has been honest, all-be-it when he loses his job that is.

 

You could bet you're last pound he wouldn't have been saying that had Labour won.

[cgksheff]

I think that it might have just been a little joke.

[Tony]

Less still when BP gets sued for their oil spill, someones going to have to pay for it.

 

Do you mean Halliburton's oil spill?

[HeadingNorth]

Do you mean Halliburton's oil spill?

 

BP own the oil, Transocean own the rig that exploded .. where do Halliburton come into it? I've heard someone else bring their name up, but didn't know why.

[truconstruct]

BP own the oil, Transocean own the rig that exploded .. where do Halliburton come into it? I've heard someone else bring their name up, but didn't know why.

 

They supplied the faulty well head.

[cgksheff]

As technical subcontractors, they performed a few different services on this well.

 

The specific one that failed was the cementing of the annulus, the outer casing cylinders that are left around the narrower production pipe after drilling.

 

Pumping cement slurry at great depths & pressures has to be just right for it to set properly. Halliburton had a similar failure off Australia last year.

 

http://blog.skytruth.org/2009/09/timor-sea-drilling-spill-worse-than.html

 

http://www.mms.gov/safetyalerts/2.htm

 

Why are we even talking about this in this thread????

[mossdog]

It would appear that Labours now ex-Chief Secretary to the Treasury has been honest about the country’s finances. Chief Secretary to the Treasury David Laws received a short note from his Labour predecessor Liam Byrne, with a frank admission on how much money is left. None

 

http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8687530.stm

 

So how was labour going to continue to invest in public services if the treasury had indeed run out of money

 

At least he has been honest, all-be-it when he loses his job that is.

All you need to remember is that whenever Labour lose control,they always leave Britain in massive debt! They should never be let loose with the public purse.You have to earn it before you spend it............a phrase unknown to Labour who have always spent it before they earned it!

[mossdog]

It would appear that Labours now ex-Chief Secretary to the Treasury has been honest about the country’s finances. Chief Secretary to the Treasury David Laws received a short note from his Labour predecessor Liam Byrne, with a frank admission on how much money is left. None

 

http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8687530.stm

 

So how was labour going to continue to invest in public services if the treasury had indeed run out of money

 

At least he has been honest, all-be-it when he loses his job that is.

Anyone who has blown the whistle on Labours shenanigans has lost there job,including our local man who blew the whistle on immigration!