Rebirth of the Strongest Tycoon

Chapter 668 Capital and Politics

"It turned out to be Jeffrey Howie!"

Xia Yu, who was sitting in the crowd, saw the old man in his fifties who took the lead on the stage, and there was a flash of surprise in his eyes.

Geoffrey Howey is a member of the Conservative Party and is the right-hand man of Margaret Thatcher. He is now the Chancellor of the Exchequer and is in charge of economic and financial affairs in the British cabinet.

The Chancellor of the Exchequer, also known as the Chancellor of the Exchequer, is one of the four major ministers of state in the UK, and because he holds the money bag, he has the status of the head of the four ministers of state.

According to the memory of later generations, Geoffrey Howey is the longest-serving member of Margaret's cabinet, and will serve as Foreign Secretary, Speaker of the House of Commons and Deputy Prime Minister in the future. After he announced his resignation from all positions in 1990, Margaret also resigned three weeks later.

It is such an important person who manages all kinds of things every day, and he came over to attend this financial industry gathering at this time.

Before he came, he didn't know that Jeffrey Howie would be there.

Xia Yu's brain was running at high speed, thinking about the real purpose of Jeffrey Howie's presence here.

Just when he had some guesses, Jeffrey Howie on the stage smiled and started his speech.

"Ladies and gentlemen, good afternoon everyone, it is an honor to be on this special occasion..."

"I am here to announce some data to you. Under the wise leadership of Prime Minister Margaret, in less than two months, the unemployment rate in the UK has dropped by 1.15%, and the downward trend of the whole society and economy has slowed down, especially In the financial industry, which is closely related to everyone here, capital investment is more active than before the change of office. In the past two months, a total of 520 million pounds of foreign capital has invested in the UK..."

"The cabinet is now formulating a series of policies to stimulate economic and market development, but it also faces possible capital constraints."

"The British economy is about to recover. This is an opportunity of history. You can choose to follow the trend of history and let your company grow rapidly. You can also sit on the sidelines. Everyone has the right to choose the road, but I sincerely hope that everyone can enjoy A delicious feast of wealth, not only for your own good, but also for the people of the whole country..."

"I see, it took five minutes of everyone's time, thank you for listening!"

Geoffrey Howie looked at his watch, said with a smile, and when he was done, bowed slightly to the audience, and walked off the stage. .

In this platform where the financial industry gathers,

Although he is the Minister of Finance, he is still not the protagonist. Taking this opportunity to say everything that needs to be said, the hints are obvious enough. If you still can't understand it, you can only say that the level and strength are not enough. This kind of person is not extremely needed by the cabinet. The goal.

In fact, people don't know, but Xia Yu heard the meaning.

"Feast of Wealth..."

He chewed the word in his mouth, a smile curled up at the corner of his mouth, looked around, and found many people with serious faces and golden eyes, obviously the news was smoother than Xia Yu's.

"Calculate the time, it will start in more than a month."

Xia Yu recalled for a moment, calculated in his heart, and came up with an approximate time point.

Although no one has informed him now, Xia Yu is very clear that in October, Margaret's cabinet has completed the preliminary preparations, paved the way, and officially started the privatization reform. The first to start the operation is BP. And it will release 19% of the equity at one time.

In fact, in the United Kingdom, the proportion of state-owned components in steel, aviation, automobile, oil extraction and other sectors reaches 75%, 75%, 50% and 25% respectively, and the oil extraction industry is the lowest.

If it is for the good of the people, it is reasonable to start with a high proportion. After all, in the UK, the more nationalized industries are, the worse the state-owned enterprises are, the more serious the losses, and the greater the retaliation on the government's finances.

But that's just thinking about it. You must know that this is a capitalist country, and the degree of influence of capital on the government cannot be explained in a few words.

It is precisely because the proportion of state-owned enterprises in the oil exploration industry is low, the greater the competitive pressure it faces, and the ability to survive under such circumstances, one can imagine how big the threat to private enterprises in the oil industry is.

Xia Yu knew that the Margaret government's attack on the oil industry was precisely because of the subsequent capital oppression, or the return of interests, to the oil interest groups that supported the Conservative Party.

The last government was the Labour Party. At the time of the general election, the opposition Labour Party's campaign platform clearly advocated: strengthening the government's control over North Sea oil resources and oil production and transportation.

This slogan was popular with the people and brought the Labour Party to power.

After the Labour Party came to power, just as the first oil fields in the British North Sea began to produce, the Labour government issued the Oil Tax Act and the Oil and Subsea Management Act successively through the Parliament, stipulating that according to the situation of rising international oil prices at that time, the British Crude oil produced in the North Sea is subject to a "petroleum revenue tax".

These two bills greatly expanded the powers of the energy sector, and then the Labour government created BP, through which it strengthened government control and oversight of the oil industry.

And the Labour government has shamelessly linked BP's policies, granting it some special rights and functions.

The first is to ensure the UK's oil supply. BP has the right to buy and sell 51% of the crude oil produced by oil fields in the British waters of the North Sea at market prices. This right represents the Labour government to send representatives to the operating agencies of the oil fields.

Secondly, in the fifth round of tenders in 1977 and the sixth round in early 1979, the government stipulated that the winning foreign companies should let BP obtain 51% of the equity.

Third, the Labour government has also awarded BP 11 offshore blocks as the operator of the block.

Finally, it is stipulated that BP has the right to purchase first when transferring shares in various mining areas in the British North Sea, and because the company turns over its profits to the government, it does not have to pay oil income tax.

Under this circumstance, BP became one of the largest oil companies in the North Sea within five years of its establishment, and in 1978, the oil fields it purchased also began to produce oil. The company poses a huge threat.

Moreover, in 1978, the British National Petroleum Corporation purchased and sold crude oil from various North Sea companies worth US$1.5 billion, sold its own share oil and self-produced oil for US$400 million, and made a profit for the first time.

In the case of general losses of state-owned enterprises, BP has made an unprecedented profit, and with so many privileges, private oil companies will be exhausted, so it has naturally become a thorn in the eyes of all private oil companies.

At the beginning of the year, the Conservative Party, which was in opposition, seized the opportunity and put forward the slogan of opposing government intervention in the oil industry. Naturally, oil interest groups made peace with the Conservative Party and made efforts to support the Conservative Party to come to power.

What the Conservative Party has to pay is to remove the privileges and functions of BP, to restore all companies to the same starting line, and the government to withdraw from the oil industry.

It's just that the privatization of BP does not mean that the equity is sold to the original oil interest group, but everyone is eligible to compete.

Therefore, the Conservative government regards it as a huge bargaining chip to exchange interests with all parties.

Just like just now, the Chancellor of the Treasury, Jeffrey Howie, said it very blatantly.

Although he did not say that he was working in the oil field, as long as people at the top level, they can still know some policy news of the cabinet by mobilizing contacts.

Jeffrey Howey's meaning is obvious. If you want to qualify for the competition, you must put enough chips on the boat of the Conservative government to provide funds for the government's economic reforms, activate the dormant market potential again, and let the society's Money flows!

Only when the money flows, can a series of economic benefits be produced, and the government can collect more tax, and then use the tax to invest in various fields to improve people's livelihood and develop the economy, thus forming a virtuous circle.

Of course, these things are not what Xia Yu wants to consider. He is already thinking about the equity of BP.

Others don't know, but he knows that the Conservative government will take out 19% of the equity this time.

The conditions have been laid out, and there is still room for action.

He doesn't need to take 5% of the equity, after all, it's not realistic at all.

He just needs a ticket, a ticket to dabble in BP!

You don't need a lot of equity, he will be satisfied if he can get 1%.

Now he does not have the strength to compete with the big British consortium, as well as American Rockefeller and other consortia in the oil field.

But as long as he gets a little bit of equity, he can drill the hole a little bit through this gap. When the strength is strong, entering the oil field will not be abrupt and will not be jointly targeted.

Xia Yu looked at Duke Carter Howard sitting in the VIP seat, his eyes narrowed slightly, and he thought about it.

The fastest update, no pop-up window to read, please bookmark ().

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like