Because one of his advisers has just said this:
Now, whatever your political views, most people would agree that our chancellor is one of the best readers of the game of politics. Which is what makes this moment of spectacular misjudgment so surprising. A cursory look at the Google tax deal is enough to show how ridiculous Osborne’s boasting was: a back payment of £13m per year for the past decade, which is probably not much more than Google’s annual spending on chicken in its UK staff canteens, and a paltry (sorry for the pun) 2.5% of the company’s annual UK profits.
Ignorant sodding twat. Google ain’t paying 2.5% on its UK profits. Not a chance.
It might be paying 2.5% on profits derived from sales in the UK, possibly, but that’s a very different thing.
Stewart Wood (Lord Wood of Anfield) is shadow cabinet minister without portfolio and an adviser to Ed Miliband in the leader’s office. He is a fellow of Magdalen College, Oxford University, and was an adviser to Gordon Brown at the Treasury and in Downing Street from 2001 to 2010.
Anyone wonder now why we hold politicians in the contempt we should for such lying cunts?