BlackRock is the ringleader of this corporate takeover, embedding itself in the UK’s public sector through Reeves’ £113 billion infrastructure plan
EUROPEANPOWELL
Rachel Reeves, the UK’s Chancellor, is orchestrating a fiscal con that would make even the slickest Tory blush, flipping from a manufactured £20 billion “black hole” crisis to magically conjuring £113 billion for capital investments—all while funnelling £64 billion in public money to corporate overlords through 86 free zones over the next 25 years.
This Isn’t Economic Strategy; It’s A Corporate Heist
The UK is hurtling into a dystopian nightmare where public funds are siphoned to indulge libertarian fantasies of corporate sovereignty, leaving the most vulnerable fleeced to prop up the minted elite. BlackRock, a shadowy giant with a rap sheet of fossil fuel investments, arms industry ties, and human rights violations, is at the heart of this, embedding itself in the UK’s public infrastructure. With 700 corporate lobbyists set to wield governance powers—relegating the UK government to a secondary role—this is the wholesale privatisation of Britain, a betrayal of the public that exposes Labour’s complicity in a Tory-style corporate takeover.
The £20 Billion Black Hole Hoax to Justify Austerity
Reeves kicked off her tenure in July 2024 with a masterstroke of political theatre: a £20 billion “black hole” in public finances, blamed on the Tories’ “shocking inheritance.” This shortfall, tied to overspends on asylum, welfare, and compensation schemes, was a fraction of the UK’s £2.7 trillion GDP, yet Reeves framed it as a mortal threat, justifying savage cuts to winter fuel payments for 10 million pensioners (saving a measly £1.5 billion) and slashes to universal credit. Modern Monetary Theory (MMT) exposes the lie: the UK, as a currency issuer, can fund such gaps without blinking, as long as inflation is managed and real resources are available. But Reeves, shackled to the deficit myth, chose austerity over compassion, peddling the tired narrative that deficits are a bogeyman. This wasn’t about fiscal reality, it was a pretext to discipline the poor, a cynical scare tactic to appease bond markets while the most vulnerable bore the brunt.
The £113 Billion Magic Wand: A Corporate Bonanza, Not Public Good
Fast forward to May 2025, and Reeves pulls a £113 billion rabbit out of her fiscal hat for capital investments in infrastructure, housing, and energy, unlocked by conveniently tweaking fiscal rules to redefine debt. This flip-flop isn’t just inconsistent; it’s a slap in the face to those struggling to survive. If she can bend rules to find £113 billion for bridges and trains, why not £20 billion to keep pensioners warm or lift 4.3 million children out of poverty? The answer lies in her market-driven priorities: infrastructure spending boosts GDP and corporate profits, pleasing investors, while welfare spending is a “cost” that spooks markets. But the £113 billion isn’t the transformative boon Reeves claims, it’s a mirage, spread over years and tied to private partnerships that ensure benefits skew upward to corporate giants like BlackRock, not downward to communities. This is trickle-down economics dressed in Labour red, a continuation of Tory dogma where wealth concentrates at the top, leaving the masses with crumbs.
Public Money as Corporate Welfare: A £64 Billion Free Zone Grift
The £113 billion is just the tip of the iceberg. The real scandal lies in the 86 free zones, 12 Freeports and 74 Special Economic Zones (SEZs), where £64 billion in taxpayer money is earmarked over the next 25 years to fund a corporate utopia. This FDI facade reveals that £19.78 billion has already been spent by 2024, delivering a pathetic 5,600 Freeport jobs and 22,067 total zone jobs, costing up to £896,246 per job. After accounting for displacement (66% for Freeports, 80% for SEZs), the net gain is a measly 1,867 Freeport jobs and 20,200 SEZ jobs, a 77–96% shortfall from promises. Scotland and Wales fare worst, with jobs costing £1.2 million each. That £19.78 billion could have supported 565,723 workers at the median UK salary of £34,963, but instead, it’s padding corporate profits.
These zones offer 10-year tax breaks, 0% NICs on new hires’ salaries up to £25,000 for three years, business rates relief, and relaxed planning rules, while their licenses last 25 years, ensuring a quarter-century of corporate welfare. A Thames Freeport firm hiring 10 workers at £25,000 each saves £37,500 annually on NICs, giving giants like BlackRock, who own 80% of Felixstowe, Harwich, and Thamesport Freeports, a massive edge to dominate markets. This is public money handed to multinationals to hoard profits offshore, a taxpayer-funded grift that mirrors the Private Finance Initiatives (PFI) that left hospitals drowning in debt, now scaled up to gut entire regions.
BlackRock’s Infrastructure Grab: Profiteering Over People
BlackRock is the ringleader of this corporate takeover, embedding itself in the UK’s public sector through Reeves’ £113 billion infrastructure plan. Keir Starmer’s X post boasts of partnering with BlackRock to “deliver growth,” but their own statement reveals the truth: they’re chasing “the fastest-growing segments of the private markets,” aiming to “connect our clients with bigger and better opportunities” for “shareholders”, not the public. UK Free Zones: From Glossy Promises to Gaza-Style Dystopia warns that BlackRock is targeting infrastructure and green spaces as “lucrative additions to their financial portfolio,” poised to control public assets with minimal oversight.
I will say it again, BlackRock is a “corrupt shadow banking outfit,” they are routinely criticised for investments in fossil fuels, the arms industry, the People’s Liberation Army, and human rights violations in China. Yet Reeves hands them the keys to the UK’s future, funnelling public money into their coffers while slashing welfare.
700 Corporate Lobbyists and the Death of Democracy
The free zone model erodes democracy itself: 700 corporate lobbyists are set to wield governance powers, sidelining the UK government to a secondary role. UK Free Zones exposes how local councils lose control to private operators like BlackRock and Palantir, who transform public land into corporate playgrounds. Green spaces vanish, the NHS sees resources diverted, and profits stay offshore. This is what corporate sovereignty looks like; a patchwork of deregulated enclaves where multinationals, not elected officials, rule. The £64 billion committed to free zones locks in this corporate capture for a generation, a libertarian fantasy of “exit” where the elite opt out of accountability while the public foots the bill.
A Bleak Reality for the Non-Elite: Fleeced for Corporate Fantasies
For those not “minted to the nines,” this is a nightmare. SMEs collapse under the 2024 NIC hike (adding £4,236 annually for a small firm with 10 employees at £20,000 each), while zone-based giants pay zero NICs, driving local businesses under. The Federation of Small Businesses warns that 36% of SMEs will cut investment, and 30% will scale back operations, while the Nuffield Trust flags £900 million in extra NIC costs for social care, risking small providers’ collapse. Free zone jobs are often low-wage, precarious gigs, displacing as much as they create, per the Institute for Fiscal Studies. This is a stealth privatisation of the UK, with free zones threatening to swallow public infrastructure—green spaces, councils, even NHS facilities—leased to corporations for decades. Gaza’s “freedom zone,” a U.S.-controlled luxury hub built on genocide, shows the endgame: AI surveillance, militarised security, and corporate rule. The UK is on the same path, a “silent coup” eroding democracy while Reeves prioritises markets over people.
A Call to Action: Stop This Corporate Takeover
Reeves’ fiscal flip-flop—from a £20 billion black hole to a £113 billion corporate handout—is obscene. The UK is being privatised, its public assets handed to overlords like BlackRock, who profit from a £64 billion taxpayer-funded bonanza while SMEs bleed, the NHS crumbles, and the poorest suffer. Labour’s complicity with the Tory duopoly has turned free zones into a corporate playground, where 700 lobbyists govern, and the state takes a back seat. Redirect that £64 billion to SMEs, public services, and workers, not corporate bottom lines. Scrap the Freeport/SEZ tax breaks, demand transparency, and push for council oversight. Amplify Gaza’s voices, who reject corporate “zonification” as ethnic cleansing. The clock is ticking—Gaza’s dystopia is a warning, and the UK is next. Shut this Pandora’s box before corporate sovereignty becomes our reality. Fight back, or lose everything.
This article (Rachel Reeves’ Fiscal Flip-Flop: From £20 Billion Black Hole to £113 Billion Corporate Handout in a Privatised UK Dystopia) was created and published by EuropeanPowell and is republished here under “Fair Use”
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of The Liberty Beacon Project.
Leave a Reply