LOST PENSION A LEGACY OF THATCHER

It is another legacy of Margaret Thatcher because she put the Pension Pot on the Stock Exchange. Margaret Thatcher had no right to do so because it was the people’s money and not hers.

As everybody knows the shares can go sky high which would be favourable to the pensioners or drop down low. It dropped down low with the Global Crisis and millions of future pensioners saw the value drop with successive wipe off the shares.

Only yesterday was another £52billion loss of shares’ value. The FTSE 100 index is at a four years low and with the oil prices still dropping there is no end to it yet.

So far the stock market has lost £160billion which will affect the workers’ pensions.

New rules allow the people over 55 to draw on their funds straight away. However, at the moment it has a sting in its tail.  When you withdraw your pension pot an excessive fee will be charged. Chancellor George Osborne promised to reduce it but as all the promises it has to be seen to be believed and if how much.

As the old saying goes: “Never belief it until you see it in black and white and then look at the small prints”.

Regarding the heavy, constant drop of oil prices there has been no reflection in the energy tariff or in food prices. It would help the poor and, disabled and pensioners a lot.

Again the Government lets the fat cats bucket the profit and does nothing about it.  There is a harsh winter coming this year and can Mr Cameron’s conscience see another 40,000, last year, die of hypothermia? If the winter weather, as forecast, will be worse than last year it will be even more. Does this Government not have any heart or compassion or conscience?

How does it feel, Mr Cameron, to be in full power and then receive reports of 40,000 deaths of hypothermia or 2,400 deaths of disabled people because their Disabled Benefit was withdrawn?

Do not tell us you do not know because we would not believe it.  Credit us with some brain and knowledge.

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.

BLAIR COSTS STILL £435,000 A YEAR -- Update 10 March, 2015

TONY BLAIR

UPDATE: 10 March, 2015 --  by now Tony Blair is getting so bad in grabbing money that he is called the "human cashmachine".  It must be so outstanding than all the others are not that backward either with cashing in huge sums of money. According to the report his wife had not be living with him for many years and cashing in wherever she can amounting a fortune of her own. None them would spend some money on the starving. They forget where they come from. 

UPDATE:  9 April 2014 -- FT assumes that Tony Blair is now  worth £100million. Friends of his stated that it is underestimated. He will be in the next Rich List.  Does he have to grab the £435,000 on top of it? A lot of starving families could be helped with that money and he would not even miss it.  Besides he was sacked. Any worker who gets the sack does not get a penny. Why does he still get £435,000 as an ex-Prime Minister?

Now that is where AUSTERITY should begin. Tony Blair has an estimated and I point out estimated fortune accumulated of £30million.

It was incredible news and the taxpayers’ groups were furious and only rightly so. Treasury documents prove that he is still earning a salary of £70,000 called pension a year. In addition he has a £115,000 allowance for his so-called “public Duties”.  Makes you wonder what they must be. On account of post he cost the country at least a £200,000 for security a year.

This is an astonishing news that ex-prime minister travelling all over the world on taxpayers’ money are still receiving a pension of £70,000. From a start, Tony Blair is only now 59 years old and is already getting a pension while the government trying their hardest to get everybody keep on working almost till 70 even if there any jobs about for young people but this is beside the point in this article. The point to make is that Tony Blair gets a pension at 59 and not just a few thousand but £70,000 plus a personal allowance of £115,000. It is all these mismanagement being pointed out in various articles where austerity should be made.

Apparently, under the Parliamentary and Other Pensions Act 1972 former premiers are entitled to a pension based on one half of salary. Well, again Parliament is looking after its own.

Furthermore, it was revealed that according to the Tony Blair’s’ last salary which was £128,000 he would receive a pension of £64,000 but now comes the best bit. The amount was increased to £70,000 to account for inflation over the past five years. Now we look even closer to this appalling pay-out. He received his “Pension” since 2007 when he was only 54 years old. He receives an INCREASE because of the inflation while the taxpayers have their minimum wages reduced and have to work over 65 to receive any pension at all. If that is not a scandal which screams to high heaven, nothing is.  Not to mention again the he has accumulated at £30million while in office.

Pay respect where respect is due. Mr Brown refused his traditional ex-PM’s perk because in his opinion was too generous.

Of course, none of the Prime Minster ever in office will abolish it because they would lose out. It’s all right if the money is there but at the moment Britain is in great trouble and has a mountain of debt.

Thank you Mr Blair for starting two illegal wars which never benefited anyone but cost the country an enormous amount of money and most of all lives. Also Dr Kelly, one of England top weapon expert died under still not disclosed circumstances just before the Iraq started.  The country is still in turmoil and people get killed. Yet for all that Mr Blair receives a “Pension” from the age of 54 being a millionaire himself. Politics really moves in mysterious ways. Plus a job of a Middle East Peace Convey  which  is the biggest joke of them all and a high salary no doubt.

There is even another point to be mentioned. If Mr Blair receives this pension in accordance with the Parliamentary and Other Pensions Act of 1972 than all the other ex-PMs must be getting the same amount which adds up to over a billion of pound. This is terrible wrong especially at the time of great economical crises and they also speak of cutting the disability, benefits for pensioners,cut minimum wages and cutting jobs by the thousands. 

APPARENTLY THERE IS NO AUSTERITY WITH MPS OR EX-PMS. THIS REVELATION IS REALLY HARD TO BEAR AND TO STOMACH. ESPECIALLY WHEN THEY WANT TO CUT DISABILITY BENEFITS AND TAKE ALL THE BENEFITS AWAY FROM PENSIONERS WHICH HARDLY HAVE ENOUGH TO LIVE ON AS IT IS.

News was disclosed that the MPs spent £230,000 of taxpayer’s money (of course), last year on art in decorating their offices in Westminster. On painting costing £12,000 shows the former Foreign Secretary Margaret Beckett. 

Margaret Thatcher, ex-PM, claims £500,000 expenses and yet she does not attend any meetings or functions because she has dementia. Isn't that a case of fraud if you claim for something you didn't use?  The government closes their eyes to all this and cuts the little benefits pensioners have such as fuel allowance, free bus passes and pension credit.

It looks like a Robin Hood in reverse. Take from the poorest and give it to the rich because they even had their tax reduced at the time when the British economy is in great trouble..