@premnsikka.bsky.social
Emeritus Professor of Accounting. Member, UK House of Lords. If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.
National Insurance (NI) dodges.
Companies pay employers' NI (ENI) on director wage.
Partners of Limited Liability Partnerships (LLPs) get share of profit, instead of wage
No ENI paid. Big 4 law firms alone dodged £4bn.
Billions more lost in other LLPs.
No govt plugs this perk for the rich
Labour sticks with Starmer for now but this is not over.
Last night PLP meeting was stage-managed, packed with loyalists, new MPs worried about their jobs.
Starmer purged dissent, reneged on pledges, chose wrong policies/judgements.
What will change?
Challengers will wait until the May elections
UK and US sink to new lows in global index of corruption.
The Index is flawed but tells a story. Political parties, legislators available for hire, crony contracts, VIP lanes, money buys honours
UK more corrupt than Estonia, Hong Kong, Uruguay, Ireland.
No relief in sight.
Lower-income UK families face 137-year wait for living standards to double.
No govt curbs on profiteering.
No plan for redistribution. The poorest 20% pay higher proportion of income in tax than the richest 20%
Poor must unite, vote en block for change, challenge power of corporations/rich.
National Insurance (NI) dodges.
Companies pay employers' NI (ENI) on director wage.
Partners of Limited Liability Partnerships (LLPs) get share of profit, instead of wage
No ENI paid. Big 4 law firms alone dodged £4bn.
Billions more lost in other LLPs.
No govt plugs this perk for the rich
Labour sticks with Starmer for now but this is not over.
Last night PLP meeting was stage-managed, packed with loyalists, new MPs worried about their jobs.
Starmer purged dissent, reneged on pledges, chose wrong policies/judgements.
What will change?
Challengers will wait until the May elections
Reform are even worst
10.02.2026 08:19 — 👍 3 🔁 1 💬 0 📌 0
Govt to spend £5bn to pay off 90% of the English councils debts for supporting children & young people with special educational needs.
The real problem is privatisation and profiteering by corporations, huge wealth transfer from public to private
How long before the write-off needs to be repeated?
UK and US sink to new lows in global index of corruption.
The Index is flawed but tells a story. Political parties, legislators available for hire, crony contracts, VIP lanes, money buys honours
UK more corrupt than Estonia, Hong Kong, Uruguay, Ireland.
No relief in sight.
Post-Brexit sales of British farm products to EU fall by 37%.
Brexit has brought no benefits and left the UK exposed in the era of tariffs and trade wars.
Farage and Tories lied about Brexit.
Govt can get economic growth by rejoining the EU. Our future is in Europe, not in being the 51st state.
How ADHD became a multimillion-pound industry for private equity.
NHS handed £128m to private ADHD companies last year.
Just three private-equity backed providers of NHS ADHD services made profits £31.5m profit last year.
Public money buys less.
Must expand NHS capacity.
Regressive Taxation.
Wages taxed at marginal rates of 20% to 45% + National Insurance.
Capital gains taxed at 18% to 32%: dividends taxed at 8.75% to 39.35%; No NIC levied.
Successive govts appease the rich. Difference in rates/NIC fuels tax abuse industry, public purse robbed of billions.
The end game
Scottish Labour leader calls for Keir Starmer to step down, saying the 'distraction needs to end'.
Starmer is an electoral liability. Likely successors taking soundings in Westminster.
The next leader must not come from the Starmer camp.
Post-Brexit sales of British farm products to EU fall by 37%.
Brexit has brought no benefits and left the UK exposed in the era of tariffs and trade wars.
Farage and Tories lied about Brexit.
Govt can get economic growth by rejoining the EU. Our future is in Europe, not in being the 51st state.
Mandelson revelations show need for tougher UK constraints to resist rule of the rich.
Big money buys access to policymakers, ministers, thwarts threatening laws. Political corruption is normalised. Democracy hijacked l
Must end political donations, second jobs for MPs; must control lobbyists.
The end game
Scottish Labour leader calls for Keir Starmer to step down, saying the 'distraction needs to end'.
Starmer is an electoral liability. Likely successors taking soundings in Westminster.
The next leader must not come from the Starmer camp.
Sounds good but neoliberals would ask for costings.
09.02.2026 14:20 — 👍 0 🔁 0 💬 1 📌 0
How ADHD became a multimillion-pound industry for private equity.
NHS handed £128m to private ADHD companies last year.
Just three private-equity backed providers of NHS ADHD services made profits £31.5m profit last year.
Public money buys less.
Must expand NHS capacity.
2m pensioners live in poverty. Your proposal will lift their income tax from 20% to 28%. How many more will be plunged into poverty?
09.02.2026 13:28 — 👍 1 🔁 0 💬 1 📌 0
When he ran Labour Together, Cabinet Office minister Josh Simons hired a PR firm to investigate journalists
After our revelations, and a flurry of news stories, Simons finally gave his side of the story
But it doesn't seem to tally with the facts... 🧵
democracyforsale.substack.com/p/mcsweeney-...
Regressive Taxation.
Wages taxed at marginal rates of 20% to 45% + National Insurance.
Capital gains taxed at 18% to 32%: dividends taxed at 8.75% to 39.35%; No NIC levied.
Successive govts appease the rich. Difference in rates/NIC fuels tax abuse industry, public purse robbed of billions.
Mandelson revelations show need for tougher UK constraints to resist rule of the rich.
Big money buys access to policymakers, ministers, thwarts threatening laws. Political corruption is normalised. Democracy hijacked l
Must end political donations, second jobs for MPs; must control lobbyists.
Future of British Steel unclear as UK govt bills build up.
Industry subsidised since privatisation.
Chinese control model: Buy crucial industry abroad, gut it, increase exports from China, dependance on China.
Govts hand free money. No equity stake, nothing repayable.
Must nationalise.
Water bosses in England exploiting bonus loophole face crackdown.
We have heard that before. Companies circumvent rules. Fines announced but not paid.
Let customers elect directors, vote on exec pay. Deny corporate tax relief on exec pay above £x.
Mandelson scandal is 'serious' for Starmer but PM is 'man of integrity', Brown says.
How many pledges Starmer reneged on? Deeply divisive
Mandelson had history of lying, was forced to resign as Minister, relationship with Epstein was known, still became ambassador, advisor to Starmer.
UK has regressive taxes.
National Insurance is no exception. Employees pay 8% on earnings between £12,570 and £50,270, and 2% on earnings above £50,270.
Net result is that basic rate taxpayers pay higher proportion of their income in NIC than those on higher incomes.
No govt listens to the people
Mandelson scandal is 'serious' for Starmer but PM is 'man of integrity', Brown says.
How many pledges Starmer reneged on? Deeply divisive
Mandelson had history of lying, was forced to resign as Minister, relationship with Epstein was known, still became ambassador, advisor to Starmer.
Future of British Steel unclear as UK govt bills build up.
Industry subsidised since privatisation.
Chinese control model: Buy crucial industry abroad, gut it, increase exports from China, dependance on China.
Govts hand free money. No equity stake, nothing repayable.
Must nationalise.
Water bosses in England exploiting bonus loophole face crackdown.
We have heard that before. Companies circumvent rules. Fines announced but not paid.
Let customers elect directors, vote on exec pay. Deny corporate tax relief on exec pay above £x.
England water companies have 1200 criminal convictions, leaders in predatory practices.
OFWAT/Govt lets them negotiate fines. Some won't be paid until 2030, others never.
Why does the govt indulge them? Watch the Minister's reply.
For supporting evidence see leftfootforward.org/2026/01/publ...
