Bank threat to move to Hong Kong

The HSBC, or rather what was the Hong Kong and Shanghai Banking Corporation, makes threats to move to Hong Kong. Let it go then, the sooner we get rid of egotistic organisations that have no care or responsibility for the place and people where they do business the better.

They say we would loose around £1.6 billion in taxation if they move their headquarters. Well we have already lost a lot more than that from having to bail out the banks already, what's a little bit more to be rid of these morons. Oh, yes the HSBC say they did not get any of the bank bail out money so why should they contribute to the additional taxation the government is imposing. One wonders how long HSBC would have survived if the other banks had been left to fail, I imagine not very long.

All the banks benefited from the bail out whether or not they actually received the cash and they are idiots if they think otherwise and even bigger idiots if they think they can convince us otherwise.

I would also think that the Chinese Government would very much like them to move to Hong Kong they will soon need the additional tax revenue to support their expanding economy as that also is a potential "house of cards". Why? because China have very little natural resources so everything needs to be imported to sustain their economy. As the cost of fuel rises they will no longer be in a position to produce the cheap exports that are stuffing up the rest of us. All we have to do is wait.

If HSBC does move to Hong Kong we can still tax its operations in the UK and as they would then be outside the EC we would be free to impose even more stringent regulations and heavier taxation on them than we are proposing at the moment. He who laughs last....go on bu**er off, we'll help you pack!