Just in - Tory Govt promises massive tax cuts!!!

[AtW]

"A Conservative government would scrap the planned 50 pence per month tax on every landline - which the current government plans to use to subsidise faster broadband in rural regions - "as soon as possible", according to the shadow culture secretary Jeremy Hunt."

http://www.theregister.co.uk/2009/10...broadband_tax/

[BrowneIssue]

Broadband Tax Collection Agency Accounts 2010/11

Chief Exec salary £350,000 + Chief Exec bonus £150,000 = £500,000
7 Directors @ £100,000 = £700,000
7 Assistant Directors @ £70,000 = £490,000
7 Deputy Directors @ £60,000 = £420,000
21 SEOs @ £40,000 = £840,000
63 HEOs @ £33,000 = £2,079,000
189 EOs @ £24,000 = £4,536,000
472 AOs & AAs @ £16,000 = £7,552,000
Outsourced IT = £10,000,000
Service request charges = £27,000,000
Office space rental London = £13,000,000
Office space rental 'Regions' = £6,000,000
Office space rental Cardiff = £5,000,000
Office space rental Edinburgh = £5,000,000
Staff expenses = £3,760,000
Travel warrants = £3,000,000
Misc. sundries = £76,000,000
Big Five consultancy = £15,000,000

Total expenditure: £180,877,000

Expected income £175,000,000
less BT volume discount @ 40%
less bad debts
less oops, we forgot about VAT again

Actual income: £87,000,000

Annual deficit: £93,877,000


It was never going to work in the first place.