Britain, Government and The Recession
When will the British public wake up and realise the mess our country is in? Britain was heading for recession when Labour came to power in 1997. The conservatives had sold everything and dragged the British female out of the kitchen to dilute the labour market, break the unions and stop a full blown recession. Labour have continued to sell everything off and dilute the labour market with immigrants, these measures only work on a temporary basis and now we have more people than jobs.
Labour have been cooking the books for over a decade and I simply do not believe a single fact or figure that comes out of Westminster these days. This horror story began when Blair and Brown hatched a plan to get us all borrowing. It's hard to believe but back in 1997 the British people did not like to borrow, so they artificially inflated the value of our homes. This was done by blocking the sale of large land banks and removing competition with reckless legislation. And we fell for it hook, line and sinker.
Then they made things worse with their tax credits system - great for the economy but it destroyed the family. Basically paying women to split with their husbands. There are town and cities around this horrible island where more 50% of money spent is actually benefits or tax credits.
As for starting infrastructure programmes to create employment, Labour have been doing this very thing for years just to keep the economy going. New hospitals and schools everywhere, but to keep their finances looking healthy they forced trusts and local authorities to borrow the funds from the private sector at twice the rates the government could have got. Now these NHS trusts are struggling to service this debt.
The growth in our parasitic public sector is down to government simply over complicating things to create jobs. The public sector pension is a joke but our 'Mindless Parasites' are not willing tackle this problem as it's their nest egg. In fact 50 to 80% of your council tax goes straight into the public sector's bullet proof pension pot in some areas with local council employees awarding themselves six figure salaries. Meanwhile the public sector steal our pensions by taxing them!
I feel no comment on the greed and corruption of our MPs as it is common knowledge, but in a little while they will have to cull the public sector of all its created jobs. I could go on forever! Basically the fools who created this artificial boom thought it would last forever and they created an economy which was 100% dependent on perpetual growth. Well the growth stopped suddenly and now this island's general population of narcissistic fools will pay the price, while the worlds wealthy and political elite a.k.a. 'The Bilderberg Group' (Google it) retire to some sunny country with all our money.
At what point will the spineless British public revolt? Half of your salary (if you still have one) now goes in taxes. We are working January to June just for Gordon and Co., and this time next year it could be as high as two thirds of your income (January to August) due to the criminal bank bailouts. I for one have had enough! It's time the public got their heads out of the sand. Every moron in this land thinks they are wonderful and well informed important members of our fair society and the system will look after them. You are living in a bubble created by your government and the media they control, we are all slaves to the fractional reserve banking system.
The British public question nothing any more. We simply capitulate to these parasites in every aspect of our lives. It is time we got our heads together and stopped arguing among ourselves and turned our attention to the people who cause all our problems. 'Our Government' is by far the most destructive force ever to blight this country (followed closely by the central banks). Having checked my gripe I see I may come across as a little fed up with my fellow countrymen... and to a point I am. However, the British people are still fundamentally good people, but our apathy and inaction is now bordering cowardice.
By: aleedsfella
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Get the Corrupt Out - 5-Feb-12 09:59
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I disagree with your comments in the original gripe about public sector pensions. The vast majority of public sector workers will not be getting a gold-plated pension, I think the average isn't much more than around £6000 pa. Public sector pensions has been used as a smoke screen by governments as they attack public services and any attempt to redistribute wealth more evenly.
The Westminster Parliament is a joke and Wales, Northern Ireland, Northern England, all should look to the example of Scotland and seek to break away.
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miserablemoaninggit - 5-Feb-12 09:42
A company of 120,000 employees will have about 7 layers of management from top to bottom, from the Chief Executive to the chappies at the coalface.
Let us suppose that the chappies at the coalface earn on average £35,000 per year. That's a resonable amount.
Let us suppose each level of management earns 20% more than the layer beneath it That's a reasonable amount for managing.
In this theoretical firm the top Johnny would only earn 3 times that of the coalface worker, £105,000 per year.
Top Johnnies on £1 Million basic pay plus ridiculous levels of bonus are therefore way out of the natural order.
Stop outrageous pay levels now! They are simply robbing the system.
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Number Crunching - 5-Feb-12 08:18
when will you work out the fact that the banking cartels now run this country? anyone, any government or country opposed to the petrodollar are being burned! Welcome to the NWO.
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Europe will be plunged deep into a world wide economic war from which it cannot recover.
Welcome to the Cold and Dark Ages
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Europe's economic policies must not be to borrow money from China, but to draw up its trading draw-bridge with the Far East. Europe must manufacture its own goods, and seek to regain full employment. This is the only hope for the future of Europe and the EU, including the UK.
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oods not to be made in China - 30-Oct-11 23:49
And you have already paid for the services of Luton Airport in Airport taxes.
Corporate greed at supermarkets, especially M&S. Foodstuffs grown in UK prices have risen as if they had been imported. Bah!
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Sick to Death of Greed - 9-Aug-11 07:36
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QUOTE
Gilts (government bonds)
Gilts (or gilt-edged stocks) are bonds issued by the government which pay a fixed rate of interest twice a year. They are considered safe investments as the government is unlikely to go bust or to default on the interest payments.
However, you are not guaranteed to get all your capital back under all circumstances. Gilts, like corporate bonds, are bought and sold on the stock market where their price can go up or down.
Gilts can be bought and sold through brokers, high street banks or through the government's Debt Management Office (DMO) which produces a guide to buying gilts.
UNQUOTE
"The government repays what it owes ........ raised by new issues of gilts. "
Which is a form of recycling debt, and most of us know where that lead. Nevertheless they are a very safe investment.
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Can we assume we are talking about British gilts and not treasury bonds in other countries?
The initial sale of gilts is handled by the DMO (Debt Management Office) which is a Treasury agency. After that they can be re-sold and bought like other securities or stocks.
The government issues the bonds. They promise to repay the sum paid for the bond on a specified date and then pay a fixed rate of interest to whoever bought them until then. They are seen as low risk investments by the people who buy them as they are guaranteed by the government.
I don’t know about other countries but the British government has never defaulted on either interest payments or repayment of the principal.
The government repays what it owes out of taxation mostly but also by money raised by new issues of gilts.
Banks make a lot of money out of them but that is another story.
Sorry if I am not explaining this very clearly; I only have a rudimentary knowledge of the subject myself. We are going out for quick drink so maybe by the time I get back I will be cleverer. (Hasn’t worked yet but you never know!).
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A large part of what the government borrows is in the form of "gilt edged securities". These are bonds issued by governments which are auctioned and sold to various buyers with a promise to repay by a given date. A fixed interest rate is paid in between.
Anyone can buy gilts, including overseas buyers. The biggest purchasers of gilts are pension funds, insurance companies and banks.
When the time comes to repay the bonds, if the government does not have enough money it will raise taxes and also issue even more bonds to raise some more money.
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Profiteering in the EU is to blame. Thatcherism is to blame. Monetarism is to blame. The fact that we allow the Bank of England and others to control our economy are to blame.
The UK and the countries of the EU are bankrupt, all completely bankrupt. The EU should be about "Full Employment". It does not have this goal. It allows cheap labour in the Far East and offshore as scab labour to supersede its own labour.
The EU MUST stop imports from China. The EU must throw out the corrupt politicians.
UK nationalism is NOT the solution. A vastly reformed EU has to be the economic answer.
The econimic problems that Europe faes today are as significant as the ideas of teh Reformation 475 years ago. Wake up EU!!
Here I stand! The Pope of monetarism can go to Hell.
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Wakey Wakey Everyone - 7-May-11 15:33
Today the 24 bank and building society members of the UK Domestic Cheque Guarantee Card Scheme have announced that the Scheme will close on 30th June 2011, meaning that it will no longer be possible to guarantee a cheque under the Scheme after this date. The decision to close the Scheme was taken by the Payments Council in June this year as guaranteed cheque use is in terminal decline. The Payments Council concluded that it was in all parties’ interests to manage the Scheme’s demise in a coordinated fashion following extensive consultation with guaranteed cheque users and acceptors. This announcement does not mean the end of cheques as businesses will continue to be able to accept them and customers will still be able to write them.
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Country in Terminal Decline - 15-Apr-11 11:38
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It's going to get very ver - 12-Apr-11 20:09
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We need younger guys at no 10 with brighter ideas .
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Young at heart - 28-Mar-11 17:56
About time people gave the government what for , we get ripped off everyday and the uk is fed up.
David Cameroon will never suffer poverty & that's why he will never understand what people are going thru , teachers , doctors & nurses very underpaid .
And for the police - well I'm sure they are not innocent gamging up on peope - using force on people in wheelchairs !CS gas what a joke !tough the uk has had enough of these fat cats !
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