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Thames Water Propaganda

In their continuing efforts to bamboozle the public, Thames Water's unattributed scare propaganda article about coliform in the Thames Tideway is a nonsense and contains material errors. Without coliform in the environment, humans would not be able to develop healthy immune systems. We live with them all the time. Thames Water's Mr Stride is talking crap. Does he suggest removal of ducks and swans on the river or banning dog walking along the tow path to reduce coliform? No. Furthermore, as Mr Stride knows, swimming is banned in the Tideway by the Port of London Authority. The main group who make contact with Tideway water are rowers. They have been found to be many times more resistant to infections than the general population. An assessment of health cost (QUALY) results in a figure of £150 million if infections were eliminated. Hardly a case for spending £4.2Bn (excluding finance costs and inflation) on the Thames Water promoted Thames Tideway Tunnel to prevent a few tummy upsets.Mr Stride quotes a figure of 39 Million cubic metres of Thames Water’s discharges to the Tideway. What he fails to say is that later this year, when the Lee Tunnel is commissioned, that figure will reduce to 18 Million cubic metres. He also fails to say that the vast majority of that discharge is rain water and not foul sewage. Thames Water discharges only happen after rain. By design of  point source control, rain can be stopped or delayed from entering the combined sewers at a far lower cost. What Mr Stride also omits to mention is that following the £1.2Bn spent including Mogden, Beckton and Crossness Sewage Treatment works upgrades, the Thames Tideway already meets the quality standards set by the Environment Agency in response to the EU Urban Waste Water Treatment Directive. Once the Lee Tunnel is operational, the ecological conditions can only improve further.This means that you do not have to pay the £6 extra on your water bill this year, rising to £34 over the next 5 years then up to £70-80 extra (excluding inflation). Thames Water’s confidence trick has been exposed for what it is. The incoming Treasury ministers need to call a halt to this Thames Water scam and hold an independent review of current information urgently. There are far more urgent environmental issues to deal with not least, the cost of dealing with air pollution in London that results in thousands of premature deaths each year and is damaging our children’s health. NB Thames 21 is funded by Thames Water and therefore cannot be considered objective or independent.

Roland Willis Gilmore ● 4192d1 Comments ● 4192d

'mansion tax/ property tax' question for Ruth Cadbury

I'm moving this question out of the other thread as that is a little crowded.  Ruth / GuyPlease explain to us how mansion tax will make any money for the NHS.The Economist, FT, OBR and various other publications & independent bodies detail how £1.2bn might well be raised from this tax, but that £2.0bn will also be lost due to reduced stamp duty and inheritance tax revenue. Mansion tax devalues 'mansions' by imposing an everlasting tax liability on them. With the average 'mansion' tax bill expected to be £25,000 per year it is hardly surprising that the devaluation is going to significantly affect stamp duty and inheritance tax revenues.£1.2bn take away £2.0bn is a negative result, so there doesn't appear to be any money left over for the NHS.Why then are Labour pushing this mansion tax thing so hard?  Is it perhaps a tax that you can say 'someone else will pay' when canvassing for votes?  Or is it a tax that will be extended down to a starting rate of £500k or less, so that it can actually raise some money?My first example for this is Greece, where mansion tax was introduced in 2008 and by 2013 the government deemed anything worth more that £250k was a mansion and had to pay 1% of its value as additional property tax every year.My second example is ATED, the Annual Tax on Enveloped Dwellings.  This is a tax paid by foreign property owners here in the UK (yes, it does already exist). Introduced at a starting level of £2m, next year the level will be bought down to £500k.  The tax payable has also almost doubled in just 2 years.  You can't dispute this reduction in kick-in level or amount paid as their are official government figures.I'm genuinely interested in this and I'd like an answer please.

Lorne Gifford ● 4203d18 Comments ● 4195d

Brentford & Isleworth a marginal seat

Oh what a delight, officially a marginal seat and according to various newspapers a seat in which the topic of mansion tax may decide the vote.So, in order to influence the vote, here are the mathematics of mansion tax (ie the stuff Ed Miliband doesn't mention and Ed Balls can't work out)£1.2bn revenue but £2.0bn loss of other revenue equals not a penny raised.Mansion tax in its proposed form won't make a penny for the NHS and is the thin end of the wedge known as 'home ownership tax' that will have us all paying 1% of the value of our homes each year as additional tax.Various non-party independent reports say the tax has to average £12,000 per home to raise £1.2bn a year. They say this level of tax burden not surprisingly devalues 'mansions', with the result that stamp duty revenue falls. They even put a figure on it, 20% fall in value and £2.0bn per year less revenue than at the moment.1.6% of homes pay the majority of stamp duty revenue and stamp duty revenue is currently over £13bn a year, so the reports make perfect sense. So what is £1.2bn a year take away £2.0bn and how many nurses does that buy?Mansion tax only works when extended to the general housing population just like has been done in Greece.  Mansion tax introduced in 2008 and by 2013 anything worth more than £250k was an official mansion.  Tax rate is 1% of value per year.The tax everyone thinks is great because it's tax 'someone else will pay' is in reality a whole new area of taxation that we will all pay.  Taxing the prudent, once again, taking those that decided to buy a home instead of a new car or a fancy holiday.

Lorne Gifford ● 4207d13 Comments ● 4199d