BRITAIN'S £10BILLION FROM PROSTITUTION AND DRUGS -- Updated: 20 Sept.,2014

CHANCELLOR GEORGE OSBORNE

UPDATED:  20 Sept., 2014   --  This money coming from vile sources is planned to be included into the economy, now in the autumn budget. Desperately to show an increase in the economy.

Prostitution as such is not forbidden in the UK but curb-crawling, pimps, brothels are against the law. Yet, the Treasury accepts £10billion taxes coming from drugs and prostitution businesses which is against the law. 

This very fact explains why the Coalition is not fighting the drug lords. It is another shocking eye opener about the tactics of this Government. How much dirt is tolerated in Westminster or quietly encouraged? Prostitution had been around as long as human beings and most probably drugs too but it does not mean to tolerate it and on the quiet encouraging.  Especially drugs do destroy the younger generation and either they die of it or commit crimes like burglary and murder.

No the worst comes from the EU. They demand that the £10billion income must be included in the Office of National Statistics in Britain’s economy.  This dirty market is seen as a massive boost to Chancellor George Osborne raising the GDP. To get down to the correct figure statisticians will assess the rental value of brothels, sales of condoms and sales of clothes for sex workers.

 Regarding illegal drugs, the ONS will need he figures of production and sales of crack cocaine, powder cocaine, heroin, cannabis, ecstasy and amphetamines.  The information will include growing drugs or importing them as “production”. The buying of them for home use will be classed as “expenditure” and the sale as “income”.  This reads like a leaf out of the accounts from the Mafia.

This Coalition did nothing but ruined Britain and now they reveal trade of the worst. They get Britain down to the countries in Asia like Thailand which unfortunately was ruined by the American Army and now has a name for prostitution and drugs.

Can this Coalition, mainly the Tories, sink any lower? After this announcement of prostitution and drug trade seen as a boost to the economy is they really opened up the last door to being the worst.

It explains it all why the Border Agency does not act on tip off of drug mules.  According to the police’s reports it is as much as 2,000 a day.  According to the ONS it was already in 2009 an estimated £10billion for both trades. The real figure will never been known.

According to PM David Cameron in one of his recent speeches was promise that he will bring back power from Brussels. Is that what he was thinking of? Again Brussels dictates to the United Kingdom to include prostitution and drug trades in the ONS and this Government sees it as a boost to the economy. This mentality and non-existing principles makes every person in the street throw up.

This news  shows the “Government” for what they really are.  There was always prostitution and drug trade but to encourage it and use it as trade to boost the economy is unacceptable.  It can not be repeated often enough and soon enough to use your vote and not let it be wasted.  Use it wisely so Britain will get back to what it was a proud and decent country.

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.

HARD-UP FAMILIES FORCED TO SHOPLIFT FOOD

Britain’s top police officers claim that families are now so hard up they are forced to shoplift meat and cheese just to put food on the table to survive.  These people are not criminals and most of them have no previous conviction but they steal mainly food like meat and cheese. The police officers also state that they don’t do it to sell.

The Lancashire Chief Constable Steve Finnigan can also see that the situation will worsen.

Food banks also stating that people have reached crisis point.

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It is an absolute disgrace for the government to bring its people down to such a state. It seems like the Victorian age returns but it is the 21^st century and Britain is the seventh riches country in the world.  Yet the Chancellor George Osborne still plans to have more cuts in his next budgets.   It is not a question of any money being available because the MPs had a rise of £7,500 multiply by over 500 MPs. The very cost of the food and drinks is around £7million a year which the MPs and Lords could easily effort paying.  The MPs’ salaries are now around £72,000 per year plus free lunch, dinner and drinks plus all expenses being paid by the taxpayers.  That is were the cuts should be made and they wouldn’t even miss it.

The Lords, with almost 800 members, getting £300 a day when they attend the House of Parliament, free lunch and dinner and drinks.

The endless golden handshakes we read about to executive’s jobs and most of them cause nothing but ruin to their government department, chief executive of companies and NHS. A fine example is the chief executives of the two NHS hospitals which had around 1,500 deaths each due to negligence.  How can a Government agree to that? Especially with the NHS being financially hard-up and 5,000 nurses were axed.

The contribution to the EU of at least £20billion which the people demanding a referendum of IN/OUT but Mr Cameron flatly refuse. This money alone would not only bring the deficit down but also put food on the table.  The Foreign Aid which never reaches the poor of the countries but the pocket of the governments in those countries. People again demand to cut it down because of the fraud but Mr Cameron will not do so.  There is a long list of money going in the wrong direction and at the moment is a complete mismanagement.
 

The Government and Chancellor George Osborne got on their brain is cut back and cut backs. During the three years of the Government and their austerity it did not bring down the deficit on the contrary it increases constantly.  In spite of all Mr Osborne will again make cut backs in the next budget which will be in the following weeks.  He will not CUT BACK the absolute waste of money for a luxurious train HS2 which by now is estimated £60billion and by the time it is finished will be at least £100billion.  Money for such a white elephant is available. It would bring down the debts.

Huge amount of sums are also available for entering another conflict – Syria. Mr Cameron was ready to go with the USA if the MPs had not voted against it even so he still is willing to go ahead and waste another billions of pounds which the country can ill afford it.

Having said all this will the Government not has so much decency and compassion for its own people to ease their burdens and spend all that apparently easily available money on them.  For people being so desperate having to steal food or go to food banks should never have happened again after the Victorian times. Surely Messrs Cameron and Osborne must know what is going on.  Not to speak of that these people are the voters who got them into power and they spit in their faces.  DESPICABLE.

UK'S CHANCELLOR GEORGE OSBORNE ON THE RACK AGAIN

Hopefully they are turning the wheels well. The Chancellor, as some newspaper mentioned, should have a kick up the arrears.  This ‘financial wizard’ had to borrow £62million in Jul, 2013 when the City financiers expected a surplus of £2.5billion but they did not reckon with George Osborne’s great magic wand. So, where did the difference go?
  

July is known as a great months for the Treasury because the corporation and income tax are coming in more than any other month.

We might be the plebs in the Elite’s eyes but they make one mistake to think the public is stupid. Today with the newspapers and Internet we are more informed than ever before.  Therefore, the question has be to answer what is going on?

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British manufacturing is at a high for two years according to the CBI and therefore the economy should see tax income rise and welfare cost fall but Mr Osborne by a sheer miracle saw himself forced to borrow £62million to balance the books.

The CBI reported further that 37 per cent of the firms in this sector having reported a rise of output in contrast to 21 per cent saying it had fallen. There is a gap of 16 per cent and it is the biggest since August 2011.

Since the City expected a £2.5billion and they surely know what they are talking about what is really going on behind the closed doors? Creaming off is one thing but bucketing when people have to starve and in the coming winter have to freeze because this great Government will not curb the energy suppliers is below any irresponsibility. It is unscrupulous.

Last month the Office for National Statistics announced an increase of Britain’s national overdraft to £1.2trillion and the Government has borrowed £36.8billion in the last three months in comparison to the same period in 2012 of £35.1billion. Yet, David Cameron and George Osborne have the callous manners of pointing the finger continuously at Labour.  Do they really think the public is so stupid and buys it? It is pathetic and goes down to the level of four-year old kids in which age kids always make fun of others and point fingers. It really is going all too far.

Even the Treasury has the nerve to announce that the economy is moving from rescue to recovery. We heard that since they came into power. Yet, Labour Gordon Brown who experienced the worst crash called the credit crunch which was a lie from America but he manage to have a 2.5 per cent GDP when he handed it over to this, always sneering at him when in the opposition, David Cameron.  The 2.5 GDP vanished within three months.

So, how much longer is the Conservative Party allowed to run Britain the country and its people into the ground until somebody powerful enough stops them?  I like the title Conservative; it should be Demolishing Party because that is what they have been doing for three year and will carry on doing. How they ever came into power, even with a minority, leaves me and most of the public wonder after the damage Margaret Thatcher done to this country which was more than enough for any memory? They call themselves English and even go that far to say they are proud of it yet they constantly destroy this country? It should never be allowed.

HEDGE FUND BETS

For the first time an EU ruling made sense. The EU ruled from 1 November the Financial Service Authority has to disclose any shortening by Hedge funds.

The scale of short-selling by Hedge funds has been made public for the first time. This occurs when Hedge funds bet on a company’s share price falling. As before it was a very secretive Hedge fund bet on shares falling and shorting by borrow shares and sell them hoping they can buy them back at a lower price which will give them a profit.

Another fiddle disclosed. We had the Libor scandal and hope this had been regulated now. We had the tax avoidance scandal and now the Hedge fund bets scandal.

Shares of about 150 companies are on the list of around 50 funds which were shortened.

The bets adding to hundreds of millions of pounds and right across the whole industries which include builder Barratt, online grocer Ocado, web retailer Asos, insurer Admiral, Marks & Spencer and bookmaker William Hill to name but a few.

The biggest short position in per centage of market value is fund manager David Einhorn’s Greenlight Capital against Daily Mail & General Trust.  His 4.4 per cent against DMGT amounting to £80million. DMGT is the owner of Daily Mail and Sunday Mail.

Under the new EU ruling the FSA will have to publish short positions above 0.5 per cent of a firm’s market value.

The banks and finance sector have a lot to answer for the crisis of the economy. It is high time they are going to be regulated again. It only came about after Margaret Thatcher de-regulated the banks and Finance.  The disclosure due to the new EU rules shows and proves creamed off hundreds of millions of pounds.

There again the government should have stepped in much earlier and stopped it instead of cutting ordinary people’s benefits which surely don’t add up to half of these amounts.

BUT THEY ARE THE CITY BOYS WHO SUPPORT THE CONSERVATIVE PARTY.

BRITAIN SURVIVES EURO CRASH

The Euro crash looming on the horizon and not so far in the distant future makes everyone wonder what the impact will be for ordinary people. As it is people already living on the limit and the UK government promises more cuts to social benefits.

Although having all the sympathy for people in Europe but at times like this the concern must also be about the effect on Britain which did not join the single currency.

Sir Melvyn King of the Bank of England stated clearly that Britain would come through when the euro collapse.  At the same time he pointed out that it won’t be easy but financial disasters had been dealt with before.

Sir Melvyn admitted that prepared contingency plans are already established, just in case.  He also reprimanded those who prophesied that the collapse of the euro would also destroy the UK economy.   With the collapse of the euro and Sir Melvyn King stepping down next year it bound to have quite an impact on the economy. Sir Melvyn is of the opinion that the euro countries have not done enough to avoid the collapse.

He said that new measures taken by the European Central Bank to counteract the crisis were not a long term solution but hopefully buy enough time to find another answer to solve the problems.

Tory MP Douglas Carswell stated that Sir Melwyn finally caught up with the situation. With all due respect to Mr Carswell that might have been the impression but Sir Melvyn must have been quietly working away to establish plans to counteract the impact.

It is thought the break-up of the euro will be even this year and Greece would be the first to change back to their currency. It is even thought that a post-euro world could prove positive and start a growth in the economy.

Well let’s hope this positive statement will come true. It is high time that the depressing economy is turned around, starts to improve and ordinary people can start living again..

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.

DEMANDS CHANCELLOR OSBORNE STEP-DOWN -- UPDATE 26 May 2014

UPDATE: 26 May 2014 -- Looking back to this report from July 2012 the Chancellor has not improved and David Cameron, as always, stood by him. The great shout about the improved economy by 1.3 per cent is nothing in compare to Germany's three per cent and USA seven per cent. They took over from Labour with 2.3 per cent which vanished within three months.

The former Tory chief whip Lord Ryder gave a full criticism on David Cameron and Mr Osborne. He is accused of being obsessed with spin. He further ridiculed them stating that the Chancellor and Mr Cameron were watching 24-hour news. Lord Ryder thinks they are news editors and news managers but no strategists.  He recommended further that Mr Osborne should stop being a Tory election strategist.  He added: “The Treasury deserves a Chancellor to be there in a full-time basis.”

Mr Osborne is increasingly in demand to quit after the last figures this week showed another shrinking of 0.7 per cent of the economy between April and June. This marked as the deepest double-dip recession for 50 years.

After all these demands for Mr Osborne resignation various minister hinted they would be willing to step into his shoes. Vince Cable passed remarks that he would be willing to replace him. However, Mr Cable pointed out at the same time that they have a collective agreed policy and he will not make radically changes. He would plan to build on what George Osborne has already achieved.

Excuse me here for a minute. George Osborne achieved a double-dip recession and if Mr Cable plans to build on it there would be no use to change the Chancellor. Mr Cable's remark is absolutely incredible.

Former Chancellor Lord Lamont advised strongly for Mr Osborne to give up his strategy role. This again is incredible and unbelievable. Mr Osborne made a mess of the budget which is always the flagship to follow and should stand. Since his budget in March he did so many U-turn the public lost count. Yet, Mr Osborne has a strategy role in Downing Street. His budget was a mess of which he had months to prepare it; his economy is a mess and yet he has a strategy role.

Tory MP Nadine Dorries demanded replace Mr Osborne with Mr William Hague.  Another candidate was Defence Secretary Philip Hammond.

With all due respect but looking at all their records of achievement in their present job there surely won’t be an improvement.

A statement from the Chancellor said that he was focussing “110 per cent” on the economy but he had to take time out to meet the US Republican presidential contender Mitt Romney. Now we see how heavily Mr Osborne is committed and he had to tare himself away to meet Mr Romney. Was this at the Fund Raising Dinner or lunch for $17,000 to $25,000 per seat? If so will there be another parliamentary expense for the tax payers to pay?

Why Mitt Romney? They didn’t meet Mr Hollande when he was campaigning. I hope the people of the USA think before they put their vote.

The next news is naughty but a good laugh. According to an online poll for a national newspaper showed that the cat Larry at Downing Street beaten Mr Osborne by popularity votes. Larry had 24 per cent and Mr Osborne had 13 per cent. Maybe we should replace Mr Osborne with Larry.

Apparently the US has its vehicle in forward gear while the UK and Europe has it in reverse.

It is purely a result of decision makers making the right plans. Central Banks reduced their interest rates almost to zero in a very short time. While the Bank of England only cut the interest rate down to 0.25 per cent in the last few months.

President Obama’s administrators did not listen to calls to increase taxes and cut government spending. Instead they carried on with major infrastructure projects which brought billions of dollars to the economy.

Yes, they are closed to Asia which helped with exports but the UK having the European market but it is only half the export of which the other half should make a different.

The successful up-turn of the USA shows investors as safe haven and it can borrow at a rock-bottom price because of it.

Seeing all this evidence Mr Osborne still refuses to follow their footstep. He won’t use the golden opportunity to borrow cheaply to boost spending.

An expert Paul Dales, of Capital Economics said: “It is a good time for the UK government to borrow.

“And it could do this subtly by locking in long-term funding at these low, low rates.”

CAMERON'S PLEDGE KEEP EU COSTS DOWN - Updated 8 June, 2015

UPDATED:  8 June, 2015 -- it is still  the same situation and yet the Tories were voted in again and even with a small majority. It does not make sense.  The FTSE is falling ever since therefore th economy has not improved as promised.

UPDATE: 11 Dec., 2013 -- The news came through, Mr Cameron agreed to pay another £10billion every year into the bottomless coffer of the EU because they are financially broke. Never mind about the broken UK economy and the poverty stricken British people who have to make a choice between buying food or heating their home. More money for the MEP who  use taxis to get from one city in Europe to the other right across. Who have higher salaries than the UK MP and more expense fiddles. Again the account was not signed and approved for 2012 because there was a discrepancy £95billion and went on for the tenth year. But gallant knight in shining armour has always money available for the EU, Foreign aid which never reaches the poor for which it is meant for and military conflicts. CAN ANYONE STILL BELIEVE ANY WORD HE SAID OR PROMISED?

There are nothing but unfulfilled pledges from the Prime Minister David Cameron.

This time the pledge was that he would keep the EU cost down.  He did nothing of the sorts and now the UK Taxpayers have to pay out £350million next year. This is an enormous amount for one country alone.

The facts are there will be an overall rise of 2.8 per cent in spending. This will mean that the amount the EU costs the countries is £108.7bilion. This is an incredible amount of money for the administration of the European Union. It is unbelievable that such vast amount of money has to be spending on it. There must be something more than meets the eye. It is well know that the EU members are living in top quality champagne, luxurious lunches and taxi rides no matter where. But surely it wouldn’t even add up to that amount.

Many of the Prime Minister's own Ministers of Parliament are livid that he could have missed and finally failed to cut the budget.

 Now there is where austerity should be applied and it would bring in more than cutting the benefits of pensioners, police or armed forces. Cutting Police and Armed Forces will only create unemployment which means social benefits’ payment. This is surely no saving.

A source remarked: “A Europe policy that this year sees an increase in EU spending is a sign of the Prime Minister’s weakness.”

BRITISH GAS ON RECORD PROFIT ALREADY IN 2012

 A forecast assumes that British Gas will have its profit improved by 33 per cent. The biggest supplier of gas will have made a £350million in the first six months of the year.

Its parent company Centrica will have made a profit of £1.45billion and this is an increase of 15 per cent on the same period in 2011.

In spite of having used more domestic energy because of the weather keeping longer cold than normally but it doesn’t explain the 33 per cent and 15 per cent increase on profits. This comes from increasing the prices and they have been increased.

A few percentages would have been acceptable but 13 per cent on electricity and 33 per cent on gas is criminal in an economical recession. Again this would be where the government should step in but not a word or stopping it. Last year David Cameron had a meeting with Gas and Electricity companies and he promised to get them to reduce the prices in view of the situation.

INSTEAD OF A REDUCTION THERE IS NOW SHOWING A SKY HIGH INCREASE.

British gas promised to reduce electricity prices by 5 per cent in January. In spite of looking ungrateful but this reduction of 5 per cent was after a 16 per cent rise on electricity and 18 per cent rise on gas in the previous August.  Do we now jump up and down?

At the end of the financial year Centrica should have made £2.8billion and British Gas about £590million. Centrica will point out that they invested £1.5billion to make sure there are new supplies.

But Richard Hall, of watchdog Consumer Focus, said: “Consumers are facing historically high energy bills which focus their attention on whether pricing is fair.

“Whole prices rose a little earlier in the year but are now falling. We have long questioned whether drops in wholesale costs find their way to household bills.”

This is all very well said but what will done? Something has to be done because people can’t pay high energy prices and get their wages reduced, lose benefits and/or lose their jobs.

There are quite a number of watchdogs out there studying all these price rises and putting all these statistics together and seeing that they charged over the moon but not one is doing anything drastically about it. Sorry, to have to ask the question: “So what are they really there fore?” Surely if all those watchdogs would get together and pressure the government some result must come out of it.

UK CHANCELLOR GEORGE OSBORNE -- UPDATED 23 May, 2014

UPDATE: After reading this report from 2012 it is interesting in respect that you can see nothing has changed ever since. 

Even after calls in 2012 for his resignation, which David Cameron did not accept, Chancellor George Osborne has not issued one good budget ever since. 

The country gone to ;pieces with his austerity but still will not change his policy. Even the IMF, Germany and France advised him to stop. Now, he and David Cameron dancing about that they achieved a 0,3 per cent improvement in the economy. 

While they are hopping about but ignore Germany three per cent and the USA seven per cent from countries which did not apply austerity. It proves it all while Mr Osborne still carries on with austerity and in spite of it all borrows billions of pounds more. 

Let’s go back to March, 2012 when Chancellor George Osborne announced his budget. A budget which surely had been prepared for weeks and read by quite a number of the top politicians. 

Eventually when it was read out there was quite an uproar in the House of Commons. Amongst the points which were implemented was the so called Granny tax. An addition which pensioners have to pay if they work on after their retiring age plus National Insurance. 

A number of other cuts of previously installed benefits by the Labour Party to help families with children. Additions such as 3p of fuel tax on petrol already sky high and so on.

Since budget was read there were so many u-turns it must be dizzy by now. This does not give a good picture of a financial expert or his colleges who work with him on it. It never happened before that so many points were cancelled after a budget.  In other words Mr Osborne made a mess.

If any ordinary person in a company would produce such an almost useless document he or she would be sacked. But Mr Osborne still carries on as the great Chancellor. Furthermore, the government had a double-dip recession in the first six months in spite the idea of austerity. Anybody with half the knowledge of politics and economics knows a cut-back slows down the economy. The Conservatives inherited not a great economy because of the credit crunch but not as dismal as they make it out. They could have built on it and improved the economy.

Now we come to the Barclays bank scandal where the libor (Interest rates charged on loans from one bank to another) was rigged by top executives.

At the Questioning Time in the House of Commons Mr Osborne tried to shift the blame onto Labour. This immediately backfired because Shadow Chancellor Ed Balls denied any involvement in rigging the Libor.

This statement was furthermore backed by the Bank of England’s deputy governor Paul Tuckers.  He claimed several time that Ed Ball or any of the Gordon Brown’s government were never involved. He emphasized that in 2008 he spoke several times with bank bosses because of the credit crunch.  However, he pointed out that neither the government (Labour) nor the Bank of England ever put pressure on Barclays or any other bank to rig the rates.

Surely Mr Osborne or his adviser should have thought such statement, if not true, has a very short life.  Looking at the almost useless budget and now the embarrassing statement being denied by all parties concerned it makes you wonder if Mr Osborne trying to commit political suicide? In view of this entire incompetent not one word is uttered of resigning or being asked by the Prime Minister to resign.

Mr Tucker stated further he was appalled by the revelations including Barclays fixing the Libor rate. He called it a cesspit and went further that it could be just the tip of the iceberg with corruption rampant across the City.

The Labour Party is now demanding a complete change in the City and Banks. 

BRITAIN AXED MILITARY FORCES -- Update 26 Feb., 2015

UPDATE: 26 February, 2015 -- What kind of politic is that? The Government is spending over £30million  on adverts to recruit soldiers, RAF and Navy personnel. These recruits need training which cost additional money while the previously sacked army were fully trained.  This is sheer loony. The axed personnel are most probably still on benefit which is another waste of money.


UPDATE: 1 March 2014 -- In spite of all the redundancy the Government is still planning to axe 1,400 soldiers. Adding to the previous redundancies in the last three years it is adding a great number of unemployed people.  People who have been trained just for a particular job and have no other knowledge will find it hard to get a job especially in a situation of 2.5million unemployment. Yet, the Government make us belief in reducing unemployment.

UPDATE:  25 January 2013  ---  A further redundancy in the Armed Forces had been announced. There will be another 5,300 soldiers lose their job. This will bring down the total to 82,000 and is the lowest for 200 years. Where does the government think they find jobs in a high unemployed market? Most of them will end up as unemployed and receiving benefit. Then the government is surprised when the benefit payments double and treble. What kind of policy is this/

This is now the second time and in a very short time where armed forces being axed. This time about 4,000 personnel of soldiers and officers had lost their job. Quite a number were fighting in Iraq and Afghanistan which was an illegal war started by Mr Bush and involved Mr Blair. It all cost too many lives and didn’t bring peace.

This time it is the RAF and Navy which are mostly losing their men. On the list are six RAF air vice-marshals and 30 group captains.

Overall the RAF are earmarked for 115 squadron leaders

The NAVY will not fare any better with being on the list for five commodore and 15 captains and all together 30,000 Royal Naval personnel.

It was also announced the 500 private and 400 Ghurkhas will receive their redundancy notice. It will especially hit hard the Ghurkhas who fought so willingly and known as the best force in the British Army. They are not allowed to receive British Citizenship and therefore most probably no financial benefits.  This is a disgrace if ever there was one.

In stage three it is the Army which will lose about 20,000 soldiers right across.

There are several points to said about this irresponsibility

The first point which comes to mind is that there is always money available to bail-out countries as well as foreign aids which do nothing but go into the pocket of the various governments.

The second point is the impact of human and military of these job losses. Again most of them fall on social benefit which costs money and does not produce anything.

The third point is that it will reduce Britain to a very low military power. Especially at a moment when there is still Afghanistan fighting going on. The Falklands in danger of being claimed by Argentine, Iraq, Egypt, Libya and Syria are an increasing threat to peace, trade and economy. Hard negotiation over all these dangerous developments will not work if these countries are aware the military force is not there.

The argument by the Coalition that part-time reserve would fill the gap if it comes to the worst is nothing but ludicrous.

A Ministry of Defence spokesman pointed out that the multi-billion deficit has to be reduced.  The plan is to reduce the Army by 82,000 by 2020, Navy and RAF by 5,000

Many of the overworked British Armed Forces applied for redundancy. Their fear of a future in an Armed Force having to work twice is hard of which they are already pushed to total exhaustion being under-staffed already.

On an overall view of the not very clever politics of the present government there are 15,000 policemen lost their job at a time of a crime wave never seen before.

The Olympics is coming up very shortly and the government counter argument to this was that the army would be deployed. On 12 June 2012 -- 4,000 Army personnel and 30,000 Royal Navy personnel lost their job. The Army is still fully deployed in Afghanistan and can’t put down their arms to go back to secure the Olympics safety.

Well let’s hope they know what they doing in practice and not just with statistics and on paper.

The last point is to make that the Ministry of Defence “found” £12billion. What happen to it? This £12billion was sitting there when everything was being paid. Therefore, is the ministry of Defence really in such a high deficit?