Thursday 31 March 2016

UK DEFICIT HIGHEST FOR 67 YEARS Update 24 Jan., 2018


SUMMARY - Now under Johnson, PM, everything is hashed up. Johnson due to CV19 eventual lock-down, had to borrow heavily but at the same time he handed out contracts, without tender and repayment clause, to his donors and spent £blns of taxpayers' money. Contracts which were hardly or never fulfilled. In other words his friends cashed in on the worst time UK experienced and 81,000 died from CV19 from Johnson's mismanagement. 

Update 24 Jan., 2018 - It had been revealed by Office of National Data that the present National debt has increased to £214,800,000,000 since May became PM.

May still stands in the House of Commons and tells nothing but lies plus criticising Labour after she/Cameron doubled the National Debt. Is there no way to get her and her zombies out fast to stop and save further damage and death due to her policies? Also to confiscated tax dodgers' money from tax havens to pay for the increase of National debt the Tories caused and filled their pockets with - £214,8trillion. 

Update 29 Dec., 2017 -- UK has now been degraded from the 6th to 7th place in the Credit Rating. It is even behind France and India. What kind of Government is this? Yet since 2010 they all just sit back and let it go on!

Update 22 Nov., 2017 -- Tories 'miracle' is despite all the cuts, austerity, new £12bn Welfare cuts from 1 April, 2017 and now Universal Credit which does not pay for 6 weeks they managed to increase National debt to £1,83trn. October 2017 shows an increase of £500bn. 

In 2009 the National debt was £800bn now £1,83trn. 

How on earth are they allowed to go on?

2,500 disable people committed suicide or starved to death
3 million rely on feed banks
Families are homelessness because of benefit cuts and spare Bedroom tax.
The Government increasing debts by the millions of pounds and nobody challenge or stops them
My Points of View: Another failed promise of a better economy plus increased employment. The figure of unemployment reduced is nothing but fabricated with sanctions, Zero-hour contracts etc being taken off unemployment

It was only in April 2015 when PM David Cameron and his party were criticising the Labour Party and Mr Miliband about their “failed” economy and at the same time they promised an improvement, reducing debts and deficit, in their General Election campaign.


On account of that Labour lost the election and the Tories won. It was nothing but lies and dirty smears with which they won.  

How could people fall for it and trust the Tories gains after having had already five years of austerity and Welfare cuts bringing them down to use Food Banks, starvation and homelessness with Spare Bedroom tax.

In my opinion: the voting result was rigged!!!

Labour faced a Global Recession in 2008 which got the GDP down to minus 2.6 and in 2010 showed a GDP plus 1 per cent. It vanished under the Tory-led Coalition Government within three months and the following year showed two recession and narrowly missed a third.  Despite of all that Mr Cameron blamed Labour for the "Credit Crush" for years even it was Global and started in the USA.

Today, it was revealed that UK Deficit during the last three months till December was £32.7billion = 7 per cent GDP.

The year 2015 the deficit if £96.2billion = 5 percent GDP and accounts for the highest since records began in 1948 despite of austerity and 40 per cent Welfare Cuts bringing the public down to rely on over 1,000 food banks, selling any big nationalised organisation

One promise during the Election campaign David Cameron kept was:  “We want to finish what we started.”  Well the result shows.

British import of goods, service and investments income was high and more than its exports.

At the same time the Office of National Statistics (ONS) show UK economy grows 0.6 per cent in the last fourth quarters of 2015.During the whole 2015 the economy grew 2.2 per cent and was caused by an increase in the service sector and a smaller contraction in industrial production.

The deficit records show more money going out than coming in the country and is different to the Chancellor George Osborn’s budget deficit.

A deficit is caused by dividends from profitable companies where they are sent back to their foreign owners and money paid to employees overseas by British companies.

The ONS stated: “The deficit had widened because income from the UK’s direct investments abroad had fallen, while payments to foreign investors in the UK has risen.”

Of course, this disastrous deficit account was straight away snapped up by Chancellor George Osborne and turned into a positive weapon to their advantage “UK should not be contemplating leaving the EU.”

He added: “Today’s figure expose the real danger of economic uncertainty and show that now is precisely not the time to put our economy at risk by leaving the EU.”

What is the Chancellor talking about/ EU Market are importing more than the UK export. Does he really believe that these importers would stop? If Brussels plays a heavy and stops the import it would a loss to the EU market and then there is always a World Market out there.

Germans and French demanding now a referendum for IN/OUT of EU.  The EU was a good idea in principle but failed their people by bringing the countries down into debts while squandering billions of pounds.  Mr Osborn does not talk about that.

Not to speak about the disastrous handling of economic refugees by Brussels which apparently does not want to know? It refuses to close the borders around Europe, refuses to sent back the boats like Australia, refuses to have a blockades by the navy but, again, demands £500million from the UK only to compensate Turkey with a total of £4,5billion.


Friday 25 March 2016

TORIES WASTE TAXPAYERS MONEY Updated 16 August, 2016


UPDATE 16 August, 2016 --
Instead of being called to account for the scandalous mess in the Home Office - Theresa May became Prime Minister

UPDATE  The government spent £9million on "Bremain in EU" leaflets and will be sending every household one. £9million would have helped a lot of poor and disabled people.  It is crime.

The present Conservative (Tory) Government excels itself by wasting taxpayers’ money. Money which is so desperately needed by the poor and disabled and yet to be cut more.

The Home Office Secretary Theresa May is no exception.

The amount of the now defunct Border Agency must have cost millions of pounds. For years it hit the headline with scandals but nothing was done. Only last year Theresa May could not cover up their failures any more and the contract was cancelled.

The security of UK’s borders came back under the authority of the Home Office but so far did not show any improvement

Speaking of border control apparently the UK has not signed the Schenken agreement for open borders which enclosed the rule that Brussels is then responsible for the European Borders. Brussels seems to try to ignore this responsibility at a time of a great refugee crisis.  Another failure of Brussels.

However, if these facts are correctly reported why is PM David Cameron not closing the UK borders or drastically cutting down the influx of refugees?

For years there were demands to deport hate preachers from the UK but Theresa May first ignored it and then it dragged on for months and months. All this time it cost taxpayers’ money for courts and lawyers fees plus benefits.

At one stage she even missed the deportation date. It is unbelievable that such a blunder could have happened.

Now a report by the BBC highlights that 40 per cent of foreign criminals due to be send back were cancelled.  It amounts to 34,000 airline tickets cancelled in only 18 months.  Again the taxpayers were footing the bill of £1,4million. Again the Home Office is trying to reassure us that it will reduce the cancellation.   By now that public had too many re-assurances for too many failures and no improvement  was seen.

The reason was given for the great number of cancellation is that there were no security staffs to accompanying the deportees. The security service which provides the security guard was privatised and is the responsibility of TASCOR. That scandalous report reveals that on average it provides 15 minutes later than requested.

Every contractor seems to provide inadequate service and yet the Home Office Secretary Theresa May sits back and let it roll on.

Another scandal, the Home Office lost track of thousand of students whose visa had expired.  At such a dangerous time we live in at the moment it is unforgivable.
The whole situation seems to be out of control.

The Home Office said: “Work was already underway to address these recommendations relating the ticketing and escorting and accepted all of the chief inspectors recommendations.”

The main point is that it should have never escalated to such an extend in the first place and will it surprise us if in years to come the situation will still be the same.

We had for years the same white-wash been given every time a scandal hit the headlines yet nobody ever asked for Theresa May to resign.



Saturday 19 March 2016

IAN DUNCAN SMITH RESIGNED WORST TRACK RECORD Update 18 Nov., 2019

Update 18 Nov., 2019  In the meantime there was a string of replacement one worse, devastating to the claimants, than the last one.

By now there are 130,000 people dead due to starvation, 
hyperthermia, sleeping and dying on the street due to Universal Credit introduced by Ian Duncan Smith while he was Secretary of DWP.  He wasted over a £1ml to set-up UC but never was able to finalise it. He is still a Tory MP and passes horrible remarks about rough sleepers and disabled people.
Mr Smith cheered and
literally hopped about
when Chancellor Osborne
announced a further
£12billion Welfare cut on top
of already starving people - A
most disgraceful  behaviour
Update: 10 October, 2016 -- Damian Green is the new Secretary of Department of Work and Pensions but no improvement for the disabled.

UPDATE 16 August, 2016 --
Theresa May replace IDS with Piti Patel who had a number of scandal in overcharging her expenses. Furthermore, she is answerable to Ian Duncan Smith which is scandalous and where will be the difference?


UPDATE: My opinion Ian Duncan Smith made a convincing show of crying on TV which to me is a joke. 

What about him jumping about - see picture - at the announcement of a further £12billion Welfare Cuts of already starving public and disabled?

What about the 2,400 people committed suicide or starved to death because of his sanctions stopping their money?

He is as rotten and hypocritical as you can get them, in my opinion, and PM David Cameron did nothing to stop. him. They are certainly all in this together

Ian Duncan Smith, Head of Work and Pensions resigned and points out the reason that the treasury and Chancellor George Osborne put pressure on him to cut Welfare.

After the last budget on Wednesday, 15 March, 2016, the truth he could not agree with it when his cuts of disability benefit were cancelled and a reduction of high-earning tax were reduced.

It might have been to some extent but the facts and truth is that Ian Duncan Smith hopped about like no other MP ever before when Mr Osborne announced a £12billion Welfare cut in his previous budget.  Mr Smith looked triumphant to have achieved that.

That action makes his statement of being pressured by the Treasury and Chancellor a lie.

Mr Smith also established the Bedroom Tax which meant that if you had a spare bedroom your Welfare or disability Benefit was cut by 14 per cent; for two spare bedrooms 25 per cent. It did not matter whether you had a disable child and needed the spare bedroom for various reason. It effected two-thirds of families who could not pay the rent on account of reduced housing benefit and one-third of disable people.  They received eviction orders and made homeless thanks to Mr Smith.Was he also hopping about it?

Furthermore, ever since Mr Smith took over the department he started to reform the system. It costs the taxpayer £500million for a new computer which supposed to reform to the new system automatically. The last time we heard about it is that he employed agency staff for over £1million a year to cope with the transfer. It is doubtful it ever got off the ground which should have been April 2014 completed.

Last year he lost £3billion due to mistakes and errors.

Despite of all Mr Smith had the thick nerve to pay out £44million as bonuses.

He introduced a rule if the person does not keep an appointment or was late the welfare benefit was stopped. There were many stories in the newspapers about people being 10 minutes late because of traffic or due to suffering of mental illness being late.

It costs over 2,400 deaths by suicide or starvation.  Three million people had lost or reduced their welfare benefit due to Mr Smith’s new rules.

He was taken to court and the judge ruled it was against the law. Mr Smith was so arrogant and appealed to the court and it costs the taxpayers £50,000 so far. Hopefully, the benefit will now be re-installed.

To reduce the unemployment figure and benefit he introduced Zero-Hour-Contracts which mean if there was work they were employed. Many people stated that they were called in and then sent home again without a minute of work.  Especially in the Midlands and Northern England the situation is devastating.

Mr Smith should not dive under the cover of being pressured by the Treasury and Chancellor when his deeds speak for it.  His gleeful, triumphant hopping about at the time of Mr Osborne announcement of a £12billion Welfare cut is nearer the truth. It showed that he achieved what he requested; a further £12billion off the backs of the poor and disabled who were already hard-up after five years of austerity.  

That is the true Mr Smith.


Sunday 6 March 2016

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.