SSE BOSS POCKETS 72 % PAY RISE BILLS INCREASE 15 %

…and it is what you call “Equal Society”.

Chief executive Alistair Phillips-Davies received £2.9million in pay and perks in 2016. The salary was £840,000, as if that is not enough paid, £502,000 towards his pension and £1.5million in bonuses. How can a man be paid almost twice as much of his salary in bonuses? Apart from squeezing consumers to death what else did he do to deserve such a bonus?

He is not the only golden boy. At the head of every major company sits a chief executive being paid over the odds while people freeze to death. Have got any conscious at all? Are they human?

His payment increased from £1.7million the previous year and has increased his earnings since 2014 to £9million.

The massive increase came three months after the company increased their tariffs between 14.9 per cent and some areas 20 per cent.

Receiving such sky-high and undeservedly payments how does he feel that families are so hard up now they have to choose between heating the home or buying food? Doubtfully he does not think about it.

His big pay-packet came after the Tories and Labour pledged to cap souring energy prices during the election. Yes, another Tory’s pledge which was never kept although newspapers had big headlines and people begged Cameron to stop it. Nothing was done ever since even there was a new Prime Minister.

The main problem lies with the Tories’ privatisation. Of course, they are laughing all the bank because receive huge dividends and let the six  big energy suppliers carry on.

During the winter 2014/15, even so it was a mild winter, 40,000 people died of hypothermia, mostly old people.

Yes, this is a report about the golden boys and girls who should be ashamed to let something like that happened in a seventh richest country of the world.

PM May showed again her total disregard towards the people in the Grenfell Tower’s tragedy.

How much longer have people to endure unnecessary hardship before May and the Tories go?  How much longer?

Now, Theresa May let the £12billion Welfare cut start on 1 April, 2017 which is on top of desperately struggling people.  2,500 people committed already suicide because they could not cope anymore and today News spoke of a 42 years old disabled mother of nine children committed suicide because her benefits were stopped.

There will be more suicides now when the impact of £12billion Welfare savings come into force.

How the May and her Government can have so much disregards leaves any one speechless.

BONUSES NEED TO BE CUT

Despite the call for cutting Bonuses and too high salaries of CEO years ago you bet it wasn't done even so the economy is almost at rock bottom for years.                                                                              Even now with CV19 deadly virus and eventually PM decided a lockdown which made every business standstill will CEOs have reduced their salaries and forgone bonuses? I doubt it.

Salaries of the CEOs have gone out of control. Nobody's work is worth £3 or £4million a year.
Now the shareholders are trying to stop further ludicrous bonuses added on top of it which increases their income by up to 300 per cent.

HBSC bank had already a revolt when a £70million bonus was announced for the top executive. Let's face it £70million is just the bonus.

The shareholder lobby group are now digging in their heals and stating that fat cats bonuses should be more than halved. Even than it is wrong because the man is getting paid for his work so what excellent extra work does he do for to earn such a high bonus?

When it was announced that Bob Dudley, BP chief executive, would receive a package of £14million and £70million to Sir Martin Sorrell, head of advertising giant WPP. new anger broke lose.
Sharesoc was condemning the lucrative bonus system.

It is high time that people wake up to these fat cats receiving numeration which are out of control. Beside it is doubtful that they would pay the correct taxes to plough some money of it back into the country.

The tax haven islands must be sinking soon so loaded they are with legally but wrong money. If those sky-high salaries and bonuses are stopped prices would come down, people would not have to starve, demand for goods would increase and so would manufacturing. Even factories are slowing down because the demand for goods dropped and laying off workers.

Apart from the Victorian Age there was never such a wide gulf between the public and so called upper class.

The bonus system must have been introduced by the fat cats themselves to give it a name for creaming tens of millions of pounds. Money which is off the back of taxpayers and goes out of the country.

Source Daily Mirror

UK CHIEF EXECUTIVES SALARIES BONUSES UNACCEPTABLE Update 28 Nov., 2016

UPDATE 28 Nov., 2016 --
Government declared, today, that the salaries for CEO are right and they deserve it.  £4 to £7million a year is debatable. Even top surgeons, who do a far harder and responsible job plus had to study for many years, do not even get half as much.

What is completely out of order are the sky high bonuses of 200 pc to 400 pc of their very high salaries. What does the man work extra or achieve more to deserve these outrageous extras bonuses?

After all, at the end the taxpayers have to pay for it who forever get cut down more.

Every leading CEO’s salary is on average £4.6million a year.

The London School of Economic revealed shocking disclosure of Britain‘s chief executives’ salaries plus bonuses. According to the report they are hugely overpaid and it will not ruin the economy if their salaries and bonuses were slashed, on the contrary it would have positive effects. How do they come to that is hard to understand because as far as we know they spend most of their money abroad.

In a study held by the LSE it was discovered Top 10 international recruitment firms who handle 70 to 90 per cent of chief executive appointments were labelled as corporate kingmakers and the salaries and bonuses for the top chief executive is out of all proportion.

The report also high lighted that post could be filled with 100 people each which would work for far less doing the same job just as efficient or some even better.

It has now come to such a state that nobody would dare to suggest a reduced salary and bonus because it would be professional suicide.

A further outrageous extreme was revealed of Ex-boss of Barclays still received a large bonus even so he was sacked last year.

The study authors write: “If one was to offer to do the job for less, would that tip the decision in his or her favour? All the head-hunters agreed is would be a poor strategy.

“Indeed, it might be the asking for a large remuneration would have a positive effect securing the appointment.

“There was almost universal agreement amongst the search firms that levels of remunerations for CEO in large UK non-financial firms were absurdly high.  All the interviews support the no how on an arbitrary norm for pay, which almost all firms felt was grossly and inappropriately high …. The general view of search firms felt it that a lower norm would not materially affect what happens.”

One head-hunter said: “I think there is an awful lot of FTSE 100 CEO who are pretty mediocre.”

Another added: “I think that the wage drift over the past 10 years, or the salary drift, has been inexcusable, incomprehensible, and it is very serious for the social fabric of the country.”

Just two examples: Morrison CEO Dalton Philips nearly doubled his income to £2.1million before he was sacked.  This alone is contradicting.

Tesco’s boss David Lewis received £4.1million which was an increase to almost three times of his predecessor.

Yet these entire chief executive vote for Conservative Party which bring down the workers to lowest wage possible, starvation and job losses.

Max Steuer, reader emeritus at the LSE and author of the new research paper, Headhunter Methods for CEO Selection, published in the Journal of General Management, said there was little evidence that low pay would secure “brain drain”, as suggested.

The public have been aware for years of the outrageous salaries and bonuses which no man is worth it.

It was established three years ago that Britain has the highest numbers of millionaire bankers in the world but the report has done nothing.  Now this new scandal again but will not make any difference.

It all refers back to the Conservative Government which encouraged in the last six years widening the gap between the rich and poor. It is also part of the “Old Boys Network” and to break it it would bring back the economy on a healthier and trade on a competitive footing.

Under the present Government it is unlikely to happen even so Mr Cameron always emphatically claims “We are all in this together”.

Statistic revealed that 1 percent is educated in Eton, Oxford and Cambridge but 70 to 80 per cent hold top CEO, doctors, lawyers, teachers and government positions. Those school and universities are not only there for teaching but also for establishing contacts to the network.

The report from LSE shows again a closed shop or networking with the establishment which tries to white-wash it with “if they do not get paid the highest salary and bonuses they would go to New York”.

Rumours have it that David Cameron was turned down by a number of blue-chipped banks and he applied to Conservative headquarters for a job in research. The interviewer would have turned him down had he not receive an anonymous phone call from Buckingham Palace advising to take him on.

It needs to be proven but it is doubtful it will be done. According to the report there are 100 for each post able to do the same job for far less money, maybe even better. It will not be put to the test because the tight network would collapse and all would lose out including those high-ranking agencies.

GOLDMAN SACHS WILL PAY £8BILLION BONUS

In my opinion: They are not the only ones who receive such enormous bonuses. It is scandalous because especially at a time of great starvation these people pocket not only the highest salaries ever but also hundred of thousands of pounds if not millions of pounds bonuses. Yet mastermind PM David Cameron does nothing about it but planning further cuts for councils and public.

GOLDMAN SACHS BUILDING 
IN FLEET STREET,  
LONDON,  ENGLAND

This is a scandalous report beyond any comparison.  Their New York Head Quarter confirmed that the company was able to keep aside a £8,35billion which is 37 per cent of  £22.8billion turnover. Golman Sachs is the richest Tory MP in the UK.

This success is also from the Royal Mail sale. Goldman Sachs’ advisers convinced ministers to sell the Royal Mail in 2013 at such a low rate that the taxpayers lost £1billion. The shares, of course, jumped up after the sale their clients through another branch of Goldman Sachs and made £12million by buying and selling shares.  How much did the Prime Minister David Cameron and his friends gain?  He ought to be ashamed to have sold a peace of his country.

Furthermore, the Chancellor George Osborne spent £53,000 on a court case at the EU Court of Justice to fight a cap on the bankers’ bonus. He lost it but it showed his attitude.

Records reveal that in 2013 the top executives of banks received a payout of £3million.  It is the same financiers who brought down the crash in 2009 and their banks had to be bail-out with taxpayers’ money but this is apparently all forgotten but the taxpayers are still carries the burden.  By right any profit should have been paid back to the taxpayers.

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According to the statistics the average worker has its income lowered by £2,500 since 2010. During the same time the City bankers’ salaries increased beyond any recognition plus sky high bonuses.  The government used the crash and bail-out as an excuse to cut public service and cap the workers’ wages.  George Osborne announced that the pain had been worth it. What does he know about it? Yes, not for the Elite while the average family have to rely on food banks and can not heat their homes properly.  George Osborne has even the audacity to announce further and bigger cuts if they win the election.  God forbid.  They screwed the public deep enough into the ground while they filled the pockets beyond belief.

Within two years the Tory-led Government and the LibDem which did not exactly vote against many proposals from the Tories; they created 4000 multi-millionaires and multi-billionaires and £19trillion was syphoned off to tax haven.  PM David Cameron held big speeches, from time to time, about getting the tax avoiders but so far nothing. Cameron, of course, will not do anything about it because Goldman Sachs is one of his biggest donors.  Yet, at the same time nurses having to fight for a miserly one per cent pay rise which was agreed but Cameron will not agree to it.

David Cameron also announced and warned that there is another Global crash on the way which, most probably, been orchestrated again by the same bankers and financiers. The last time Cameron used to blame the Labour Party which of course was not their fault but global wide and he must have known that it was his top financier friends who purposely caused it. Now, since he is already aware of it why does he not do anything about it to safeguard Britain?  Surely he can and could stop the tidal wave to swamp over Britain. Now let’s see how he stands on the shores and commands the waves to turn back.

Even the cap of 100 per cent bonus of his salary is not justifiable.  How can a man’s work be worth a £2 or £3million salary from a start and then on top of it another £2 or £3million bonus? Surely no man’s work is worth that much.  Therefore the bonus schemes should be stopped.  A salary of £2 or $3million is more than well paid. Surprising the EU Court of Justice did not stop it altogether. 

BRITISH GAS CHIEF EXECUTIVE PAY PACKAGE £3.7MILLION -- Update 15 Jan., 2015

IAN CONN

UPDATE: 15 January, 2015 -- Mr Conn received a package unheard of so far just for joining but he does not have the decency to reduce the tariffs for the hard-up majority before the real winter comes into the country. Any day now, we are told, there will be heavy frost and snow coming. 

He most probably gets his gas for free.  It is not that British Gas loosing but the prices of crude oil had been fallen for weeks.  When the price of crude oil increases the price of gas go straight away up even if the more expensive crude oil is not even in the pipe line yet. 

British Gas made a sky high profit last year in spite of having to buy expensive crude oil of $114 per barrel. How can he sleep knowing there are families who can not heat their homes or very little. If there is a cold winter there will be thousands of death of hypothermia. While he will get another great bonus for making an even bigger profit. 

A great uproar emerged when it was known that the company Centrica, which owns British Gas, pays its new chief executive a package worth £3.7million.

Ian Conn, 51, can receive a welcome bonus of £2.7million.  This is absolute outrages. The man has not even done a day’s works and gets a bonus of £2.7million as a welcome. His salary of £925,000 is already overpaid but would have been sufficient without a bonus; plus he will receive a pension of £370,000.

Mr Conn was working previously at the oil giant BP as a chief executive. What else would the Elite work as? He will receive from BP nearly £7million worth of shares. It is even worse than a one time Goodbye Bonus because these shares will bring a big amount of money every year which is paid by the public in petrol prices. A public who hardly can cope any more with all the prices rises and big bills.

He replaces the Old Etonian Sam Laidlow who will walk away with £6million of Centrica shares. Receiving shares instead of a Golden Handshake Bonus seems now the latest trick of even put more money into the already super-Rich’s pocket.

All these millions of pounds will be paid by the consumers who are struggling with their bills. There are at least one million of families who living under the bread line and have to make decision of either feed the family or heat their home.  While these “chief executives” already swimming in money get still millions of pounds not only in Golden Handshakes but now even Golden Welcome.

This Tory-led coalition is really letting everything getting out of hand not by the thousands but millions of pounds as long the Elite pays into the coffers of their party or maybe elsewhere.  Not only being grateful to the country where they earn their riches but these over-paid chief executives are using all the tax havens they can find which is a loss to the treasury.

Centrica will announce their half-year profits which are expected to have fallen from £356million to estimate £270million. The fall of profits was firstly an exceptional warm winter and also people dare not use their gas out of fear of a high bill. The fall of profit will surely encourage Centrica to raise their prices for a third time before the coming winter and most probably a 10 per cent as it was their trend in the previous last two winter.

David Cameron never done nothing to stop them in spite of the general public’s outcry.

Hopefully it will be another warm winter for everybody’s sake and it would have another r effect on Centrica’s profit.

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.

ATOS NOW MAXIMUS SENDS INCURABLE SICK PEOPLE TO WORK -- Updated 23 June, 2015

Instead of paying his disabled people the rightful benefit; Cameron pays ATOS and MAXIMUS millions of pounds.
Plus Ian Duncan Smith pays £44million bonuses out.

What kind of politics are these?  2,400 disabled people died or committed suicide.

Over three million people are expelled from receiving benefits. Surprise, surprise their unemployment figures are down.

UPDATED:  23 June, 2015 --
MAXIMUS took over from Atos but nothing has changed.  Already the first reports coming out that a man who has MS and can not speak, walk and feed himself had been asked twice to attend an interview at his local job centre otherwise his benefits get cut. The rule is, if you do not attend the interview your disability benefit gets stopped.

The Government must have paid another big sum to Maximus and wasted taxpayers money. 
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Ian Duncan Smith says it all and shows his disgusting character.  
Yet he sits in the Government and receiving high salaries and bonuses.
At the moment it is the worst Government 
there ever was.
It is a disgrace to Britain and its British people

UPDATE:  26 November, 2014 --                                                                                                   ATOS finally lost its contract but is replaced by Maximus; an  American Company which had already been in court in America for fraud and bad management of disabled people's account.

To hire a company like that with such n reputation to replace ATOS to deal with ill and disabled people is another disgrace and disrespect to disabled people for tor Government. 

People with devastating life-long illnesses were told by ATOS if they want to get better to go out and get a job. This shocking result emerged from a research by leading charities.

This Government is really going beyond any reason with almost FIVE million unemployed, most of them healthy but can’t get a job. No, Mr Cameron they are not scroungers just in case you trying to pull yourself out of it with that flat story. Also no disputing the figure of 4.9 million unemployed because it came from the Office of National Statistics.

Instead of paying ATOS  £1billion which does the Work Capability Assessment and they telling people to go to work despite of a lifelong or life-threatening illnesses is another of the Government failure. Anyone in their right mind would suggest investing £1billion into the economy to provide jobs. The general public is absolutely stunned by what goes on in Parliament.

Research held by Parkinson’s UK, the Cystic Fibrosis Trust, the MS Society and the National Rheumatoid Arthritis Society resulted in 45 per cent were told they would be able to recover to the stage where they are able to work again. How dare they suggest this?  It is absolutely ludicrous when doctors haven’t got a cure and scientists are still looking for it.

A fine example Jim, 58 from the North Pennines said: “It was six years after they diagnosed with Parkinson that I was finally forced to give up work. Please mark the wording “finally forced to give up work”.

“After the first ESA assessment they said I should be able to work within three months I was flabbergasted.

“Last year I applied for ESA again as my Parkinson had got worse.

“I was told I should be able to return to work in 18 months. I asked to be reassessed but the DWP refused. “This is so stupid and insulting. Anyone knows that these diseases are progressing and not getting better. 

Of course, all this lunacy suit the Government but it must be so hurtful to long-term and life-threatening ill people. Is there no humanity any more in this Government?

No, the DWP rather spends £1.3 money on extra staff because they didn’t manage to get computer system going for Cameron’s flagship to reform the system began on 1 April and still not working.

An incredible and irresponsible £44million bonuses for DWB staff.  Staff which is so incompetent; when  their whole system is in a mess.  It is an insult Jim and all disabled people. 

It is a crime to cut Disability Benefit and spent the money on extra staff because they can’t get the computer system started and especially £44million bonuses paid to staff. How dare this Government treat the people like that?

Caroline Hacker, of Parkinson UK, said: “This is the latest in a line of unspeakable failures by ATOS Healthcare and the Government to support those who need it most.  To tell people who have to give up work because of debilitating progressive condition that they’ll recover are farcical and defies belief.” She adds further: “There is strong evidents working can be beneficial for many people who have health condition.” 

We don’t dispute that but only in some cases and only to some extent. The main problem is for those few who can and like to carry on that there nearly five million healthy people unemployed so how can people with Parkinson, Cystic Fibrosis, MS and Rheumatoid Arthritis get a job?

Who are these people in ATOS and Government to tell they are getting better when the whole Medical World is fighting and struggling to find a cure? They all talk rubbish so that they can put ‘refused’ on the paper and that ATOS will be kept in the good books of the Government.

ATOS is another of David Cameron’s flagship and costs a fortune which could have been spent on Disability Allowances. It is known that they were told by the Government they should refuse seven out of eight.

Already there were over a thousand death recorded from worries which escalated their bad state of health. 

ATOS is not worried about that because they done their job and get a fat salary. What is happening now, it backfires on the Government? People take legal aid and go to court.  When they get their Disability Benefits reinstated they have back pay. 

So when David Cameron struts about like a peacock and feels he cut down the welfare at the end it will cost him more because of all the extra cost. 

This disgraceful Government not only cut the Disability Benefit, paid ATOS a French firm a £1billion to force people back to work but they also closed REMPLOY factories where disabled people could find a job.

It leaves anyone gasping and asks what are they doing?

Source  Daily Mirror

DWP BONUSES OF £44MILLION PAID TO STAFF -- Updated 31 Dec., 2014

In my opinion the £44million bonuses would have come off the saving from benefits cuts to families and disabled. Many disabled people killed themselves or died of hunger. It will get even worse now. How can that man live with himself?

IAN DUNCAN SMITH 
 Department of Work
 and Pension Secretary

UPDATE:  31 December, 2014 --  Ian Duncan Smith asked to exclude the Department of Work and Pensions from the Autumn Budget 2014 because of his disarray of the Welfare Reform. In other words it would bring the budget down. So he is aware of the mess he made costing the taxpayers £800million.

Department of Work and Pension Secretary (DWP) Ian Duncan Smith paid out a staff bonus of an incredible £44million. This is one of the most appalling stories ever happen under the present Government. The DoW was responsible to cut benefits for already needy people and furthermore the worst to cut benefits for disabled.  This very act cost over 1,000 lives but it would not shake the Work Secretary Ian Duncan Smith or his Prime Minister David Cameron because they are all right, thank you.

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One of David Cameron's pet subject and flagship is to ‘reform’ the DWP department and mainly the pay-out of benefits and pension. The whole department apparently is in total chaos and huge benefit tests backlog, botched work capability assessments and IT is in crisis. The computer which should have handled it all hasn't even been built yet. Nothing but a well organised shamble. For all this shoddy work from senior civil servants in Whitehall receive a bonus of up to £17,500 each.  The front line staff is doing more than their best to help and sort out problems for people but they won’t see hardly a penny extra for their hard work.

It was revealed that 62 shared £671,000 on top of top salaries adding to a six figure. The average 99,739 staff shared more than £43.8million which comes down to £515 each.

As if that is not enough a huge sum of in-year rewards was handed out in cash and vouchers adding £5.3million. All in all it is nothing but a crime against humanity.  To shout on top of their voices about austerity and having to cut-back, which they did drastically, we read almost every day about huge bonuses handed out not to ordinary staff but top executives. How do they justify these bonuses being available and for what?  The whole country is up in arms but the Tories could not care less as long they get their pocket filled.  Is there nobody there, powerful enough, to stop them?  I am not calling out a revolution but surely all these scandalous bonuses and high salaries have to be stopped some how.

A DWP spokesperson stated that bonuses are only paid to those whose work is consistently good or outstanding. This statement does not justify the result of mismanagement and chaos in the DWP.

Labour MP Tom Greatrex stated that Ian Duncan Smith is happy to reward incompetence and complacency which tells you all you need to know about his attitude to the most vulnerable in society.

"How can DWP justify to hand Whitehall Fat Cats already receiving high salaries plus a bonus of average of £17,500 at the same time cutting benefits of poor and disabled? What kind of human being are they and especially those who sanction it and hand it out?

"I am surprised and shaking my head about David Cameron, I am not rubbing it in; I would never do that, having had experiences of handicap and disability, bringing cold bloodily a French firm ATOS paying them £1billion to assess Disability benefit plus advising them to pass only one in eight that really is the limit of human decency.
"

As if that wasn’t bad enough now we have to read about a £44million bonuses being handed out to people who make sure the benefits are cut and making a mess of it in all.

UK PM STANDS UP FOR CITY OF LONDON

Prime Minister David Cameron was defending the City of London and banks from a take-over by the EU. Mr Cameron would definitely protect the City of London and banks from being included into the European Central Bank system which will have its head office in Frankfurt.

The reason is that he is so adamant because they are his boys and contribute heavily to the economy. He does not lift a finger to stop the gas, electricity and petrol’s prices rising because these are affecting the ordinary people. Yet, the gas and electricity showed a profit of over £1.5billion last year and surely would have been more than enough to stay that way instead of increasing the tariffs by up to 10 per cent.

A

So far the coalition did not show any care whatsoever towards the public. Yet, his motto was “We are all in this together” which was soon forgotten when elected and they showed their real faces.

Furthermore, when everybody went up in arms about the banks and city’s sky high bonuses and people demanded from Prime Minister, times and times again, to stop it; he kept promising it but did nothing. Yet, when OCCUPY formed and started first to camp in city but then in front of St Paul’s Cathedral in no time at all David Cameron got a law through the court that they should be removed.

Both incidents show clearly how one-sided the government is which is totally wrong. It is forgotten or just brushed aside that it is the general public voted them in and it is the general public they should represent.

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 café 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.

GAS PERKS REFUSED AND ELECTRICITY PRICE INCREASES

Update 15 August, 2020 -- 8 years on nothing has improved on the contrary its gone worst. After Cameron came May and now Johnson. By now 130,000 people, mostly OAP, have died of hyperthermia; 60,000 of CV19 because Johnson did not react and put necessary measures in straightaway; now we facing massive job losses, home evictions and recession. Johnson put the final nail into the coffin.

UPDATE 13 OCTOBER 2012  --  Npower will follow suits with 8.8 per cent and now the customers have no choice but pay and pay. This is nothing but racketeering. All big energy suppliers had bit profits last year and therefore there was no need for those massive increase.  Chancellor George Osborne made a big noise and show attacking the energy suppliers but other than that the government does nothing against them.  Also what is Ofgem getting paid for? They never do any

thing.

To crown it all it would be no surprise if the government cuts the winter fuel supplements now.

IS THAT WHAT DAVID CAMERON CALLS TO CREATE AN ASPIRATION NATION ?????

UPDATE 12 OCTOBER 2012 -- I only just stopped writing and there come the news of an increase of six or seven per cent in crease on gas.  Last year only it was increase by 10 per cent despite David Cameron had a meeting with the gas and electricity board promising he would make them hold the price. This government cannot cut wages, benefits and let the gas, electricity, food and petrol prices spiral sky high. How do they think people cope with and where they get the money from to pay for it all?

Next thing we read about the huge profits they made and bonuses they paid to their fat cats. 

British Gas gives staff a £200 perk on their bill. The whole top management has decided to turn down the perk and hope their top rivals will do the same. Although it wont’ be missed with an income of £1.3million a year for the chief executive Mr Sam Laidlow, his finance chief Nick Luff and British Gas managing director Phil Bently, their salaries are unknown but surely not far behind.

They feel like it is not necessary to receive this perk at the time of austerity. Although it is a drop in the ocean for the Centrica’s board but nevertheless a nice gesture. The rest of staff is still receiving their perk. The insiders pointing out it would still give the wrong impression.

Southern Electricity on the other hand will increase their prices from 15 October 2012 by 10 per cent. Furthermore, Ian Marchant refused to give up his staff discount in spite of receiving a salary of £1.2million last year. His bill will be cut by 12 per cent in spite of his huge salary; the customers will have to face another huge electricity price rise.

Mr Marchant commented that he thinks to donate his perk back to the company wouldn’t be very sensible.

Npower gives the staff £100 vouchers but wouldn’t comment whether the board members would take it this year.

E.ON stated that their chief executive Tony Cocker does not take the staff reward.

Scottish Power does not give their staff a discount scheme.

EDF Energy gives their staff £48 off their bills but couldn’t say if their chief executive took it.

Admirable as the refusal of the perks is but it is only a small contribution towards the company. The real impact is the bonuses for the top management and some of the staff which really adds on. Surely with around one million of pound a year salary it would be well paid for their work. There is no need for bonuses on top of it especially at hard times as they are at the moment. David Cameron always preaches austerity but he never whispers to cut the bonuses or stops them because most of them are his friends who donate to the Conservative Part which soon be rivalling with Fort Knox.

This austerity the ordinary people imposed by David Cameron and his Conservative Party is all wrong while the fat cats getting millions of salaries and bonuses. Again he does nothing to stop the increase of electricity. People already had problems to pay the bills and now a increase of 10 per cent will hit them hard and many will not be able to pay it. There is no need to aim for greater profits apart from the bosses get more bonus and the shareholders more dividends. 

BANK OF ENGLAND IS REGULATING BANKS -- UPDATE 12 June, 2017

UPDATE; 12 June, 2017 -- So far there is no sign of it but it should be done to stop the bankers getting huge profits and fraud.

UPDATE: 10 March 2014 -- It looks doubtful re-regulation will happen under Mark Carney the new head of the Bank of England.  He seems to be very much on the side of the Tories. Although he should not be involving himself in politics and stay neutral.

It is regretful Mr King did not see it through before he retired. It needs to be done to stop the banks paying out 200 per cent bonuses. The major profit, according to newspapers' reports, comes from cancelling major loans and then re-issue them which is again a fiddle and costs the economy billions of pounds. For the Government to trumpet about to bring down the deficit is the biggest, sickest joke of them all.


UPDATE:  10 October 2013 -  Mr King had plans to return to regulate the banks again which stop a lot of fiddles and sky-high bonuses. However, Mr King has retired and the question is will the new head of the Bank of England honour Mr King's intention?

It seems that at long last some powerful officials are waking up to the mismanagement of banks for the last five years. It took them far too long and the damage it caused is far too costly. Ever since the de-regulation made by Margaret Thatcher; the banking system was going down and into a shamble. Before, the banks of England had the highest respect and were the envy of the world.

The non-stop scandals of sky high salaries, bonuses and dividends while the bank was showing a loss were incredible. Now as a final straw came the revelation of the Libor scandal.  Of course, the Barclays bank is not the only one and it is known that most of the major banks were involved. The question of why the Bank of England and the Financial Service Authority never seen it straight away will most properly never be answered.  The FSA did not take any notice of rumours about rigging. Wheatley review into Libor rigging should consider classifying manipulation as market abuse and making it a criminal offence.

A well known columnists stated months ago that these boys should not only be forced out and most properly with a billions of pound golden hand shake which certainly wouldn’t give the right message but they should be in prison and no golden hand shake. What they done is criminal.

Yet, when the Bank of England Governor Sir Mervyn King forced Mr Diamond out of Barclays bank he was heavily criticised by a powerful committee of MPs.  Mr King demanded to take on more powers and is again criticised by the Commons Treasury Committee stating it would be a return to the days where an “all-powerful” Governor could sack top bankers. Something has to be done and urgently and if a Governor goes power mad it is still better then the mess under which the bank operates today.  The mismanagement had certainly had a great bearing on Britain’s economic crises and banks and City are hoodwinking the public.

The Treasury Select Committee, chairman Andrew Tyrie stated: “Urgent improvements, both to the way the banks are run and the way they are regulated is needed if public and marketing confidence is to  be restored.”

Good regulation is needed and has to be build on clear-cut rules and transparency. Whether this will ever come about is hopeful but doubtful. There are too many greedy fingers in banks, city and government who all shared the spoil and they won’t let go that easily if at all.

It is still a secret club where with a number of nudges and winks over a cigar and brandy makes their power rule and the profit fall in their pocket. It had been whispered that banks withdraw credits from companies and set-it-up again and this would show as new business which means bonuses for the bankers. Whether it is true remains to be seen which will never be but it is plausible.

All these double-dealings contribute to high income for a few but brings the economy down which evidence showed over the last few years but didn’t seem to bother the ones responsible.

AGAIN BANK BONUSES PAID OUT

The root of the problem lies with Margaret Thatcher having de-regulated the banks. Ever since there has been nothing but financial chaos.  The public has been up in arms about these undeserved, massive bonuses and David Cameron had been promising time and time again to put a stop to it but nothing ever happened.

This time the bonuses were even paid out at the Bank of England. The staff receives a £25million over five years.  This had been in spite of not foreseeing the credit crunch and the Chancellor George Osborne manage a double-dip recession and will have another on in September.

The statement released by the Bank showed executives having received up to £30,000 a year performance related pay added to their salaries.  This is utterly undeservedly since they did not take measures to forestall the credit crunch and the recession.  Yet they get a performance-related pay. In the commercial world they would have got a dismissal and that would have the right bonus.

Furthermore, the figures showed that in just last year their bonus increased by 4 per cent to £4.9million but the country’s economy is in a recession. 

Sir Mervyn King and his team couldn’t even see the financial crisis and had to revise the economy forecast 12 times over the past year.  For all that failure they receive a performance- related pay. Has there ever been such a financial mismanagement in any government?

But wait a minute because here is the famous wipe the slate clean. A spokeswoman said: “Staff on a two year pay freeze which began in 2011. Bonus payment is based on individual performance. The pot has been frozen at six per cent of the total salary bill for the last three years.”

An utter non-sense in every word. If they didn’t see the financial crisis coming and didn’t forestall it why did they get a bonus at all? Furthermore they get paid a salary for the work they do and they just do the work they are there for. So, why a bonus? They don’t do any extra work and by the looks of the result they didn’t even do that.

Yet, David Cameron the great knight in shining armour would not dare to stop it. It is still sticking together and you scratch my back and I scratch yours. It always was going on but nowadays it has gone out of control and the country is going down rapidly.

NHS TRUST BROKE -- Update: 14 June, 2015

UPDATE: 14 June, 2015 --  
At the General Election campaign David Cameron promised to put in £8billions. 

The newly elected Prime Minister and his Tory Party have not shown any sign or effort to keep his promise even so the NHS is on the verge of collapse. 

Only the very dedicated nurses and doctors keep it going. They admit that they work extra unpaid hours. Would the Prime Minister or his MPs do this? No they claim extra expenses and big sums. 

Since the investment of £8billion is of great urgency it would be expected to be his priority. Instead, the first thing was to put an anti-strike law, fracking and without the people consent, snooping laws through as fast as posible and itching to sign the TTIP which includes the NHS and would bring £800trillion alone never mind if the people can not afford private insurance.

That is the real face of the David Cameron and his Tories who conned the people into voting for him spreading smears and lies about the Labour Party which would have brought back the NHS to its former glory.

The conditions of the cash strapped NHS is getting very suspicious. There is always billions available when a bank is in trouble. Billions available for the Afghanistan, Iraq and Libya’s wars. Billions available for the IMF to bail out Greece, Ireland, Italy, Spain and Portugal. There are never any squabbles about not any money available, recession and austerity but comes to the NHS the doors close instantly.

There is now a new report about the critical conditions of the cash-strapped health service and had to be put into administration.

Health Secretary Andrew Lansley stated that South London Healthcare NHS Trust was losing a £1million a week and was taken into the Department of Health. This Trust includes Queen Mary’s Hospital in Sidcup, Kent, the Queen Elizabeth Hospital in Woolwich and Princess Royal University Hospital in Bromley.

There are some points to be disputed. One is the promise at the general election that the NHS is safe with us, meaning Conservative Party. Second, there was a report out the other day that over a £1Billion should be paid into the NHS and it is withheld.  Third, to sack doctors and nurses and then hiring Agency staff is financial suicide. Agencies charge twice as much. Surely Mr Lansley is aware of that if not he should be. Another point and this is the main point what happen to the huge sums of money paid to the National Insurance? People paid National Insurance all their lives and they deserve a National Health Service.

A suspicious mind thinks that this is all done on purpose. In order to break the NHS back and to move it along to be privatise. It is so obvious that the government is bent over backward to see it through.

Last year Chancellor George Osborne allowed £70billion to be poured into the banks under the ‘Merlin’ scheme. It didn’t work because the banks were reluctant to lend money and the consumers and companies to take on more debts. Nobody knows where that money went. No account given. Mostly properly it was used to pay these incredible salaries and bonuses.

Now again the Bank of England issued another £80billion to encourage consumers and companies to take a loan and to improve the economy. It is a good idea but if the order books are half empty hardly any company would saddle themselves with further debts. As for the consumers they hardly can pay their present way. So most properly it goes the same way.

These are huge sums all spend wrongly. The Prime Minister David Cameron will not intervene in spite of having one scandal after another. The public is pressuring to make Mr Cameron to stop these bonuses, sky-high wages, wasting money on wars which have nothing to do with Britain and bail-outs for countries in the EU.  Yet, no matter how much the demand is the Prime Minister sits back and does nothing.

All these sums should be spend on Britain and the NHS.

Apparently there are 22 more hospital earmarked for putting into administration. The administrator being sent from Mr Lansley could and would find out all the ins and outs of the hospital which makes it easier to be privatised. After all the Government is determined to privatise the NHS and of course Mr Lansley will do his best.

If privatised if will be like in America that the insurance are sky-high and many people can’t afford it. Mentioning Insurance something just crossed my mind that it would increase the insurance income tremendously and with the Fat Cats having share in every thing and every way they would be getting another load. Is that the root of the government determination to privatise?

BOB DIAMOND BARCLAYS EX CHIEF EXECUTIVE - Update 4 March, 2015

UPDATE: 4 March, 2015 -- Looking back at the scandalous period the result of Bob Diamond's severance money is beyond any description.  Bob Diamond part of the Libor scandal which caused 12,000 savers losing their money; costing the taxpayers £500million is being beyond any belief what happened in the banking system. Not one of the top executives were prosecuted. Thousands of bank clerks lost their jobs because banks, involved in the Libor scandal, cut back to pay their fines. 

Bob Diamond even refused to give up his £2million salaries and was allowed to resign, not to be sacked as any ordinary person causing fraud would have been. Today it is said that he received at least £20million severance money with his salary, bonuses and shares.  He soon set up an investment bank in South Africa and all these years earned high profits on buying and selling in South Africa, Nigeria and Botswana. He is now worth an estimated £105million and is back in the City of London.

Bob Diamond's life and career as far as we know it. Ever since the banks’ executives are getting sky high bonuses on top of their salaries which increase by 40 per in the last two years, Bob Diamond has been in and out of newspapers’ headlines.

Bob Diamond is the Chief Executive of Barclays Bank. Barclays bank and so far three others had been found out that they were monopolizing the interest rates. It is called Libor and it occurs when one bank lends to another and keeps the interest rates high.

Mr Diamond, 60, was one of nine children born in Concord, Massachusetts, USA. His parents were school teachers.

He also started as a lecturer at a university but changed over to investment banking at Morgan Stanley as a bond trader in 1979. Later he joined Credit Suisse First Boston.

Mr Diamond joined Barclays in 1996 as the head of investments banking division, Barclays Capital.

Now comes the interesting point that he narrowly missed in 2004 to be Barclays Chief Executive but at the start of last year he managed to be Chief Executive. Since it was at the beginning of last year it makes you wonder whether there was not more behind than meet the eye.

He is married and has three children. He love playing golf and is a great supporter of Chelsea. He often watches the team from the best suite at Stamford Bridge. Well that again is an eye opener that he would be such a great supporter of Chelsea. It is also said that he flies many time to the USA to watch his beloved Boston Red Sox baseball team.

Furthermore, Mr Diamond sits on board of the Old Vic Production and is a trustee of the Mayor’s fund for London.

Earlier on it was stated that if he was forced out of Barclays he would stand to receive a £20million severance package. After all they done to banking which in any other industry would be criminal that shouldn’t be paid.  But knowing how they stick together he will receive it. It also had been revealed that Mr Diamond made around £100million out of banking.

It is people like that who had a free hand because Margaret Thatcher de-regulated the banking system. There never was a credit crunch as such. They hoodwink the public with that and all the time there were millions and billions of bonuses being paid out while the public was pressured more and more.

The quicker they get back to the old banking system the better. PM David Cameron already starts to build a wall to protect them. At a summit in Brussels he stated that doesn't need to be told what to do he knows what to do. This will only lengthen the suffering but eventually it will have to be done.