The Coalition

But because of the way they have driven up inflation, lost all the growth the previous government built up, and put more people out of work, we will be suffering the Austerity measures for the next 10 years.

A coalition is supposed to bring together two parties for the good of the country, but unfortunately we have two parties who are more interested in wrecking the country, and getting as much T.V. and press coverage as they can.

The conservatives have now started a whispering campaign against the Speaker of the House. He is the person who is supposed to control the behaviour of the M.Ps, usually it is the Conservatives who cause the most disruption, who are still disgruntled over their expense fiddles being curtailed.

One conservative MP swore at the Speaker, something that cannot be repeated in this blog, or in civilised company. Osborne made the speaker “displeased” when he deliberately leaked the Autumn Statement to the press, before parliament was made aware of the contents. Osborne has leaked information on other occasions most prominent when he showed 35 lading companies his first budget, and asked for their approval, before he presented it to parliament.

I can appreciate the contempt the Conservatives have for parliament, Cameron can never answer questions from the opposition during Prime Ministers Questions, unless he uses misquotes. I can also understand their brazen attempts to curry favour with the press, they have to feed their vanity somewhere.

Wasn’t there some scandal about politicians being too close to the press? Not to mention the lobbyist, oops I did mention them.

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Tags: Will the Euro collapse? : What is a Coalition Government? : Correct Me

Sarkozy Threat to UK

Nicolas Sarkozy said “Britain will pay for this, and pay dearly”:

Sarkozy issued this threat after David Cameron used the veto against the proposal of closer integration between the member states of the E.U.

26 countries in the E.U.[17 members and 9 others] tried to form an alliance to try and correct the massive deficits, which has been threatening the E.U, for some time. Britain was the only country which didn’t join the other

Which leaves Britain isolated from Europe, and although Cameron says Britain will still be at the head table, and have an influential voice, most people are of the opinion that yesterday was the first day of Britain starting to exit from the union. Cameron failed to get protection for the “City of London” financial centre, the proposed 49 regulations that Europe is imposing on the city, and if Sarkozy gets his way many more laws will be passed by Brussels on the UK.

The E.U. agreed stricter measures on member countries over their deficits, but failed to address the main problem of where the money is going to come from to bail out the bail out fund. China and other countries expected to help, have backed off due to the E.U. failing to attempt to put its house in order until yesterday. Greece is the country worse off, with interest on their Government Bonds at an unsustainable record high of almost 30%.

Back home and Cameron’s Tory led Coalition is now further split over Europe. Many are complaining that Cameron has spent too much repairing splits in his coalition, while he let the country slip back into recession.

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Tags: Uk isolated ; Sarkozy threat : EU problems latest News : EU in Crisis : EU and UK Economies : The Economy : Unemployment Rising

The EU Problems

The ECB [European Central Bank] has decided not to help individual governments, but rather help the banks to ‘ring fence’ their accounts. That is to keep depositors money separate from the riskier investment side of their business.

There was speculation that the ECB may be preparing to increase its purchases of Italian sovereign debt providing Eurozone governments agree to tough new limits on their borrowing and on economic reforms. But Mr Draghi appeared to rule this out when he announced: "We have a treaty that says no monetary financing to governments."

This set back comes hard on the heels of Standard and Poor's announcement that they had put almost all euro zone countries on "credit watch". Meaning that six countries with top AAA ratings, including Germany and France, have a 50% chance of seeing their credit ratings downgraded.

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Scams: UK Governmant Warning

The coalition, short of good news, is warning the general public of a scam that has been going on for years.

There are sites which are charging users to access information on UK Government sites which is freely available to anyone. I understand that other English speaking government sites are also targeted, and presumably sites in other languages.

The sites charge either a one off fee, or a fee per search. These sites are gateway, or portal sites and look very professional, and although the Office of Fair trading is looking into these sites, to se if they are tricking people into paying for something they can get for nothing.

As most of theses sites are outside the UK , it would appear here is little the OFT can do.

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Tags:Stand and Deliver: Apple Devices: Smart Phones Scam

Christmas Sales?

Will Christmas bring big discounts in the shops this year? All the indications  are that as far as the shoppers  are concerned,  we could have ‘Pre Christmas Sales’, ‘Christmas Sales’, ‘Pre January Sales’, ‘Winter sales’, and any other type of sale that retailers can think of.

Clothing normally distributed to stores is still in the warehouse, when normally at this time of year it has been delivered to retail stores and sold. Supermarkets are experiencing a drop in non food items, and customers going for cheaper branded food.

Understandably people are trying to reduce their debt on store and credit cards, all the time the nagging doubt in the back of their mind that they may lose their job tomorrow.

Utility bills are continually going up, as is the world population, currently now at 7 billion. People are living longer, and it is the younger generation who are paying for their pensions. All the money these pensioners paid the government over the years for their pension has been spent by the government as soon as they get hold of it. Which is why the private sector are annoyed at having to pay more to get less pension, because they know their money will go straight to the Treasury.

Most people have had a pay freeze or reduction over the last 3 years, with inflation and rising prices, they have to cut back on something.

Manufacturing and house building are both on the decline, with the government only just waking up to the fact because they have thrown so many people out of work, they are not getting the tax revenue from them. Instead they have to pay them benefits. [Standard Tory policy which has never worked for the country, only big business and banks]

The government have made some belated half hearted attempt to restart the economy, too little too late.

The EU doesn’t have a strong leader, in the last depression it was Gordon Brown who took the lead in Europe, and convinced the world to support their banks. David Cameron has lost all that respect that Gordon Brown had created for Britain. With Cameron failing to impress world leaders when he first came to power,  his attempts now to exert pressure in Europe is met with hostility, his continual preaching of how he has reduced debt in the UK and his insistence that they should create jobs,  even though he hasn’t.

Gordon Brown was in line for the top job at the IMF [International Monetry Fund], but Cameron swore he would block him, and vote for the French candidate. Mind you Gordon Brown did deride Cameron a lot in the House, mostly on Cameron’s lack of understanding on economics and government.  Gordon Brown with his influence in Europe and his understanding of world affairs and their economies, had he been appointed head of the IMF which was a foregone conclusion, the EU would not have been in the position it is now, and the UK wouldn’t have to suffer the embarrassment that Cameron generates.

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UK standard of Living

The EU are struggling to find an answer to the EU crisis which is now affecting the world recovery, and in effect could put the world back into recession if they get it wrong. Greece is expecting to have 50% of the bail out money they have already received written off, and a much larger loan given for it to survive, with possibly more to follow.

The European banks are being asked to write down the Greece loan by 50%, while at the same time being asked to lend more money to Greece.The Euro banks are being strengthened by around one trillion Euros. Italy is expected to need more money than any other country, their parliament have been dragging their feet and have had difficulty agreeing austerity measures. Spain and Portugal are also expected to need bail out funds. France is worried about the possibility of loosing it’s triple ‘A’ credit rating.

The NHS

The NHS Bill is still with the House of Lords, the coalition have had to continually alter the bill due to public opinions and the upper house rejecting it.  What has been the main stumbling block, is the fact that the coalition won’t accept responsibility for their bill. An organisation as big as the NHS must have a head, steering this giant in the right direction. Traditionally this has been the Minister of Health, but Andrew Lansley the current Minister for Health, and the creator of the changes won’t stand behind his proposals as other Minister For Health have always done.

Does that tell you something?

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Millions of UK Children live in Absolute Poverty

With the shocking news that almost 1 in 4 UK children are living in poverty, an announcement   that unemployment has risen in the three months to August by a staggering 110,000, reaching 2.57 million, the highest figure for 17 years.  This figure includes almost 1million young people, the so called ignored generation.

The IFS   stated that in 2010, 2.5 million children and 2.1 million working-age parents were barely surviving in "absolute" poverty.

The news that approximately 1 in 4 children  live in poverty  in the UK is  horrific  , the IFS expect another 600,00 children  will be  pulled  into poverty by the governments inaction  during the next 2 years,  altogether  3.1 million children will be  living  in “absolute” poverty by 2013 ,  along with 2.5 million working-age parents and four million working-age adults without children. By 2020, the IFS is projecting there will be 4.7 million working-age adults without children in absolute poverty.

According to a report from the Institute for Fiscal Studies, falling incomes will mean the biggest 3 year drop for middle-income families since the 1974-77, following the oil crisis and included a sterling crisis, with the IMF bail-out and industrial unrest during John Major’s premiership with the Conservatives in power.

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Tory Conference

George Osborne and David Cameron have both said that spending the odd £1bn now won’t do any good if they are going to spend £3 trillion over the next 4 years to get the economy growing. [They both say they have a plan] George Osborne also said he would increase the science budget by £200m, in addition to the £802m give away to councils who don’t increase the poll tax. That’s just slightly over the odd £1bn both Cameron and Osborne say won’t do any good. It is supposed to benefit the poor, and the average extra amount people would have had to pay is £72. It’s a bit like saying, ‘we were going to increase income tax for everyone by £100 a week, but decided not to.  This will save everyone £100 a week, generating a massive boost to the economy’

Cameron at the Coalition Conference [he referred to the benefits the Lib Dems brought to the coalition several times] told the party faithful that part of his plan to grow the economy was to  bring in ‘credit easing’ because the banks won’t keep to their agreement to lend to small businesses. Credit easing the latest Tory invention nobody knows for sure what ‘credit easing is’

He didn’t outline the plan, only in very vague terms, you might ask yourself ‘If they have a plan to grow the economy, why haven’t they done this before?’ Or you could ask why they need to release the details in November? Why not now? Maybe it will take so long to invent the plan.

£3 trillion doesn’t sound a lot when you say it fast, but you may ask where it is coming from? The government made the largest borrowing in August since records began. Why? If they have all this money stashed away did they have to borrow so much? Why don’t they pay off their debts, instead of hitting the poor with benefit cuts, and job cuts? Will it come from the Bank of England in the form of ‘Quantative Easing’ The party faithful seemed to lap it all up, maybe they already know the plan, and know where the £3 trillion is stashed.

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Do the Cuts Hurt?

 During the first 4 months of this financial year, the coalition borrowed a total of £52bn, a reduction of only 7% for the same period last year. The August figure of £15.9bn is the highest August figure on record. It seems we are suffering a lot of pain for little gain.

Unemployment is rising. Cameron claimed that the private sector would take up the slack of the public sector workers. Unfortunately he was way wrong with his figures. He told the House , in response to the higher than predicted 80,000 increase in the unemployment, that he would not spend to create growth or jobs.

Cameron said these figures are disappointing but we shouldn’t ignore the fact that since the election there are 500,000 more jobs in the private sector and employment overall, [includes jobs created by the Labour Government when they were in office.] and there are 300,000 [actual figure 24,000] more people in work than there were a year ago.” Embarrassing the level our un-elected prime minister will go to mis-lead the house.

Ed Milliband has a long way to go to prove to the public that he can run the country, at present he is a liability and un-electable as the next P.M.

Nick Clegg is trying to establish his credibility and that of his party, but as his party only got 10% of the vote, they will continue to keep their big salaries, and do as they are told by Cameron.

It looks at the present time that we are going to be stuck with the Conservatives for another nine years.

The pain will continue! Read More

Cameron gets it wrong again

Tags: No Confidence in Economy Vince cable, BBC, Ministerial Code, What Did Cameron Know, No Confidence in Economy, Camerons openness,