Showing posts with label bankers. Show all posts
Showing posts with label bankers. Show all posts

Wednesday, 18 December 2013

UK ON TOP WITH 2,714 FATCATS BANKERS AND SECOND PLACE GERMANY 212 -- Updated 6 Nov., 2019



Update 6 Nov., 2019 - To be sure the UK's fatcats doubled and trebled since under Tory's Gov but the BBC News and Press is under Tories' control and there seems to be no further update. Hopefully it will change after General Election on 12 Dec., 2019.

These figures were given in 2013,  According to the Telegraph Britain has now the longest list of rich people in the world.  It was drastically increased in the last three years. Considering it is only a small country in comparison with big countries like the USA, China and Russia, It is a scandal when the public is starving and homeless but that is Tory Government for you.

UPDATE:  10 March, 2015 -- Chancellor George Osborne even promise a £30billion cut. Where does he thinks he gets it from? Councils and people are already squeezed past the limit.

There is no more money available to be cut. 

This is a WARNING to think where to put your vote in the coming General Election. 


People had been starving for the last three years and families living in one room rented accommodation because they lost their home and disable people committing suicide because they lost their benefit. All this while bankers and chief executives receive salaries and bonuses adding up to £4million and £5million a year.


UPDATE: 22 May, 2014 --- According to the Mail on Sunday's Rich List -- The rich got richer as never before during 2012/13 and that during a time of austerity. This country has now the richest people in Europe. David Cameron and his Elite step on the public to squeeze out even more for themselves.


UPDATE:  8 January, 2014 -- The Fat Cats Bankers also receive part of the £100million which is lost to the Treasury by reducing the top tax from 50 per cent to 45 per sent. Chancellor George Osborne talked again about reducing deficit and continuing with his austerity plan by cutting more benefits.



UK is top of the list of the European Banking Authorities with 2,714 Fat Cats and Germany on second place with 212.

UK’s bankers had an increase of 35 per cent of their salaries during the year of 2011 -2012.  On top of it they received bonuses 3.7 times their salaries.  At the same time Chancellor George Osborne was cutting all the benefits especially the Disability benefit.  This is the same Chancellor who straight away filed a formal complaint to Brussels because the EU planning to cap the bonuses of a year’s wages.

Also the Treasury stated the EU goes beyond its authority by regulating bonuses.

These two statements, one from the Chancellor and one from the Treasury, show their different attitude they have for the Elite and for the public. They never reacted like that to all the other rules and regulation coming from the EU.

It is also remarkable after five years of the so called “Credit Crash” the bankers have the highest salaries and three times as bonuses.  Only lately a whisper came through that the “Credit Crash” was engineered by the bankers.

No wonder that the UK has the highest number of Fat Cats which are 2,714 according to the European Banking Authorities.

Germany the second on the list of number of Fat Cats has 212.

It has also to be pointed out that these Fat Cats do not spend or hardly spend any money in the UK. They go on luxurious holidays abroad and most probably have an off-shore account, avoiding paying the full tax.
Since the bankers heard of the decision of the EU to cap their bonuses they already found a back door to slip out. They planning to either increase their salaries or pay monthly their bonuses. In other words no hope to clamp them down.

The 2,714 are only the fat cats of bankers and surely there just as many fat cats in corporations. A fine example we heard about are the energy bosses while the public is charged sky high prices and Cameron and Osborne do not lift a finger there.  The executives of Hospitals in which over 7,000 nurses and doctors were axed but no management.  No formal complaint from Osborne there or the Treasury.

And so we could go on and on.

The last Depression in the 1920 has all the same hallmark leading up to it. The economy was bad, bankers and their banks were out of control and the governments did not intervene. Does that not give them to think?  We suppose to learn from history.

Tuesday, 20 November 2012

CITY TRADER -- MONEY TO WASTE

That is how Mr Cameron's and Tories' friends live while families are brought down so low they have to rely on food banks. Mr Cameron still puts on a show of concern about the "hard-working people".

A city trader spent this incredible sum of £40k in one night. He treated nine friends to a night out and partying beside a famous film star of Hollywood on the night of Halloween. An eye witness stated the he didn’t hold back the moment he saw this famous star and maybe he tried to show off at the Raffles in Chelsea’s Kings Road.

They city trader started with 10 Zombie cocktails which are made of rum, absinthe and grapefruit at £30 each.

Soon he was dancing the night away at the 230 capacity members only club. When the famous star turned up at 11pm the city trader ordered three giant bottles of vintage Dom Perignon champagne methuselahs amounting to  £24,000. After came seven bottles of vintage Dom Perignon Oenotheque 1996 adding another £3,500; two Belvedere jeroboam vodkas adding £1,640; seven glasses of Don Julio 1942 tequila adding £224; two vintage Dom Perignon Rose 2000 magnums adding £2,200; six bottles of Krug rose adding £2,400; Red Bull for £87.50; Havanna rum at £350 and finally 16 cafĂ© parton with tequila adding £160.00.

The final bill came to £34,861.40 plus £5,229.23

This is a glimpse how the city boys live and the world they live in. To spent £40k in one night without padding the eye lid while the country struggles to survive and not only the ordinary people but also the economy and the government does nothing to curb their bonuses. At the very same time David Cameron and his friends always shouting about AUSTERITY and benefits have to be cut for England’s economy to survive.

To spent this kind of money in one night they must be used to it. This only can be done with all their high salaries and top bonuses. Therefore, the prime minister and the coalition should step in where it should be done. Also the Bank of England was talking about and promised to bring in regulation of the bank and city.
This regulation had been well overdue and when the people started a movement under the name of OCCUPY they soon were removed but the government will no confront the banks and city.  It is no wonder when banks go bankrupt but then the government makes the taxpayer to step in to rescue them. Yet when it shows a profit it is soon distributed in bonuses instead of being made to pay it back to the taxpayers.

There is another broken promise of David Cameron of stopping these huge bonuses. Times and again he promised but when it came to it, it was quietly sidelined. At stage he said it takes time to do this but when Occupy launched a protest in no time he had it through the courts and they were removed. All the government’s action is certainly one-sided and not democratic.

All this mess is since Margaret Thatcher de-regulated the banking and finance system. That lady has a lot to answer for, for the shamble ever since exists and until the government does not regulate the banks and finance market there will be nothing but scandals coming up.

The scandal of the Libor but after it hit the headline we never heard anything about it and apart from one man being sacked but with a more than fat golden handshake which should have never been given. He also will receive big pension while ordinary people’s pension is getting cut.

David Cameron is certainly in this altogether and he must be smirking away at the ordinary people he keeps well down. However in the long run it will backfire in the economy when next year all the cuts will bite and the people have even less to spend. Well it also could be that the public will remember and not being swayed by more promises in the future. Time will tell.

Wednesday, 11 July 2012

DOCTORS SPEED-UP DEATH FOR ELDERLY




A group of doctors revealed to save cost elderly patients could be denied food and water to speed-up death.

Tens of thousand of terminal ill patients are put on the Department of Health. This includes a Liverpool Care Pathway but contrary to its title it is scheme it suppose to speed-up death.

The idea of LCP is to withhold fluid and drugs from patients in their final days. To withhold fluid is worse than withholding food.  As everybody knows to be thirsty is real torture. To withhold drugs could lead to agony when the patient has pains. Both methods are inhuman.

It is also assumed that this method could be extended merely to free beds and a group of six Care Doctors for the elderly have that suspicion.

These six doctors also say that older people are often free of pain and distress and therefore there is no need for LCP. They claim further not all doctors asking the patients and try to get consent while the patient is still capable to decide. In view of this lucking to do their job properly many patients carry a card stating that they do not want that treatment.

Dr Clifford Craig said: “If you are a cynical about it, as I am, you can see it is a cost-cutting measure, if you don’t want to have you beds filled with old people.” This warning came after Professor Patrick  Pullicino quoted a fine example when he took a 71 year old patients suffering from pneumonia off LCP and he lived for another 14 months.  He titled the scheme as “assisted death pathway rather than care pathway.”

The health department responded with that the LCP is not about saving money. They would say that under the present government trying to privatise the National Health Service. Although they deny this too and call it reform the NHS.  The Health Secretary Andrew Lansley is still denying it and at the same time he appointed Naguib Kheraj. He is a banker and was a top man at Barclays during the cheating libor (interest rates fixing when one bank loans to another). That tells you everything on both accounts.