Infrared Fortyfour

The other huge error in what he says is that it ignores the national insurance receipts of £204bn which are in fact used to pay state pensions and a small number of other benefits. So the cost of much ‘welfare’ spending does come out of the £331.4bn income tax receipts.

🧵 THREAD: How Britain gave away the North Sea In 1970s Britain 🇬🇧 discovered one of largest oil windfalls in modern history. Harold Wilson initially saw it for what it was, a once-in-a-generation chance to build national wealth. The idea was simple: Use North Sea oil to create a sovereign wealth fund 👉 Like Norway later did 👉 To invest for future generations A long-term national asset. 🧵

This definatively marks the decline of the US empire and the beginning of a new world order. Donald Trump has achieved the Petro-Yuan. Nations paying for oil in Yuan are granted safe passage through the Strait of Hormuz. India just did so. 👇

This should be a no brainier for the UK. What’s stopping us?

5/ In effect, the legal permissions probably haven’t changed at all since those first ones were given. The extra public descriptions have been made to reassure the UK, Cyprus and, to a degree, Iran that we remain (as best we can) a non protagonist, and make that clear to the US.

No confusion, let me help explain the permissions given. The UK has given limited permissions for missions launched from the UK bases of RAF Fairford and Diego Garcia. The initial limitation would have been for acts of self defence under Article 51 of the U.N. Charter. 🧵1/5