The News In Shorts

How the news would look if everyone stopped waffling and told the truth.
Showing posts with label George Osborne. Show all posts
Showing posts with label George Osborne. Show all posts

Sunday, 26 June 2016

The Political Vacuum.

So where is everyone? Since the EU referendum the Tory party, both leavers and remainers, have literally gone to earth and cannot be found with radar. Where is the leadership? Where are David Cameron and George Osborne? Where are Boris Johnson and Michael Gove? Nigel Farage is still in evidence trying to hide the fact that two years ago he was demanding that if the referendum was too close, 52% to 48% say, and he was on the losing side then another referendum should be held. Perhaps they hope that the so-called coup against Jeremy Corbyn, a story that the right-wing press is clinging to with desperation, might deflect attention from the utter mess the Tory party has left the country in. Then there is the elephant in the room. The UK is a representative democracy and not a direct democracy. Referendums are advisory only and have no binding legal force. Parliament is sovereign and it can overturn the utter folly of the UK leaving the EU. But for that we need leadership and a Parliament with a spine instead of a Parliament with nothing more than MP's addicted to filling their pockets with expenses and hiding their money in offshore accounts. The Leave campaign has now been exposed as a catalogue of lies, evasions and deceptions. There will be no extra money for the NHS, immigration will not be curbed and the free movement of people across Europe is to be retained. Nothing they promised will come about, so why should these snakeoil salesmen we allowed to reap the benefits of their confidence trick?

Wednesday, 6 April 2016

Cameron, Osborne And The Panama Papers.

The Panama Papers have been described as the biggest leak in history and it shows us all exactly what our leaders think of us. We are here to pay taxes while they are here to avoid them. Asked about their connection to tax-dodging and money laundering the answers that both David Cameron and George Osborne gave are more illuminating for what they didn't say rather than from what they did say. After three previous attempts to divert public outrage Cameron finally said that he and his family would not benefit from such underhand tactics "in the future." Which, of course, rather begs the question about what he and his family were doing up until today. Osborne's answer was even more illuminating. He said nothing and immediately terminated an interview during which the question was asked. This seems to suggest that Osborne has no defence of any kind to offer. Hardly surprising since his family business, despite healthy profits, has not paid tax in the UK for a decade. While they have been forcing austerity down our reluctant throats Cameron and Osborne have been profiting at our expense. Austerity, so crucial to Britain's economic survival, does not apply to them or their rich mates. They are exempt, they have a get out of jail free card. There is one law for us and another for them. Now do you get it?

Friday, 1 April 2016

Tories Hit The Real Hard Workers Again.

Following David Cameron's Easter message of "all standing together" his best mate, George Osborne, has once again put his hand into the pockets of hard working people and grabbed enough cash to give a nice bonus to their rich mates. A hike in national insurance which comes into force today will snatch up to £40 a month from ordinary working people so that Tory fat cats can buy new yachts, cars and holidays in Lanzerote. Most of the burden will fall on public sector workers (not MP's of course) who paid a lower rate of national insurance to encourage them to invest in public sector pensions. This advantage has now been removed, negating much of the reason for taking out the public sector pension in the first place. In other words the whole thing has been a turned into a giant scam with the only real beneficiaries being the already wealthy scroungers who infest this country. This is what David Cameron means by "standing together" - we stand while the fat cats loll about and help themselves to our money. However, no one can say that Osborne's economic policy is not working. Billions of pounds have been transferred from the poor to the wealthy over the last six years while the national debt has ballooned to £1.3 trillion. None of this matters of course since the poor are undeserving and the rich fat cats who bankroll the Tory party will never have to pay off the national debt - paying taxes is only for the little people after all. Meanwhile the Tories are busy wringing their hands over the British steel industry even as they block attempts by the EU to stop the Chinese dumping cheap steel on us all. The reason for doing this? Because national security comes a distant second to the financial well-being of the Tory's best mates, the bone-idle rich, who bankroll the criminal and treasonous enterprise that they like to describe as a "government".

Sunday, 31 January 2016

Vermin Control And Tax Dodgers.

Westminster, it transpires, spends £1,500 of taxpayers money every week on vermin control and yet there are just as many Tories there as there was last month and the month before. It would seem that the vermin controllers need their own watchdog - Ofverm, Ofrat or, more appropriately, Oftory perhaps. Imagine what it would be like in The House of Commons if rats were sponsored by tax-dodging corporations like the Tories are - the place would soon be overrun with them, as it is overrun with Tories. It certainly explains why there are so many Tories in political parties other than the Conservatives, why there has been a definite lack of socialism in the Labour party or liberalism in the Liberal Democrats over the last couple of decades. £1,500 per week does seem a rather large amount of money when compared to the zero effort put into bringing tax-dodging corporations to heel but, since they bribe the Tories (of all parties) to turn a blind eye this is hardly surprising. Not that George Osborne needs much persuading - his own family business has made over £200 million in profits over the last seven years and yet has payed nothing - that's right zero, zilch, nowt - in tax. This is what happens when vermin control is put into the hands of a rat. Can anything be done? Well, we could try catching all the Westminster vermin in a huge trap, putting large amounts of cash in them as bait. We could also tell the large corporations that, if they don't pay tax, then they will not be allowed to trade here in the UK. Many would pick up their skirts and run for the hills I'm sure, but homegrown companies might then step in creating a few more jobs while they are at it. We could also shut down the largely British-owned offshore tax havens like Jersey, the Bahamas and the Cayman Islands. But then where would the likes of George Osborne hide his money from the rest of us?

Wednesday, 25 November 2015

Death Cult Attacks Britain

A secretive and vicious death cult, based on an insane ideology and armed with a pernicious propaganda campaign, is poised to destroy Britain today. Having sneaked into the country hiding among thousands of tax exiles who have invaded the country by the simple expedient of never actually leaving it, these terrorists base their entire ideology on the medieval beliefs of a single prophet - the blessed Margaret Thatcher. Destruction is to be visited on the country through the medium of the Autumn statement through which George Osborne, the evil "mastermind" behind today's terrorist attack, plans to shovel huge amounts of money from the poor to the rich. Many among the electorate who were stupid enough to support Osborne's vile terrorist organisation, the so-called Tory Party, are now regretting their selfishness as they have come to realise that they are not members of the "hard working families" that figure so prominantly in Tory propaganda after all. Meanwhile it is the innocent, the sick, disabled and the old, who will be today's victims as they face the very real prospect of being executed by the state in order to satisfy the greed and selfishness of a rich elite. As the NHS is driven to the wall by one of Osborne's confederates, Jeremy Hunt, admissions through A&E of people suffering from malnutrition are rocketing even as Osborne plans to cut funding for food banks. Last winter a record number of old people died despite it being one of the mildest winters on record as millions refused to turn on the heating because they were afraid of soaring gas and electricity bills. But George is not entirely hard hearted and has found several billion pounds to fund "affordable housing" - houses as cheap as £250,000 so that hard up bankers can buy a second home in London. And he has been able to find another £10 million so that his mate, David Cameron, can have his own private jet and avoid travelling with smelly holiday-makers or sharing in the danger of being bombed out of the sky by less economically-minded terrorists. Osborne's family business has also been in receipt of his generous help, paying no tax for the last seven years despite making healthy profits and despite his "crack-down" on tax dodging corporations. In the end there is little ordinary people can do to combat such terrorism, or business as usual as so-called "Tory State" terms it, except, of course, to stop voting for them, stop reading their puerile propaganda in "The Sun", "The Daily Express" and "The Daily Mail" and stop pointing the finger at other victims of the Tory campaign of terror. The only other alternative is to arrange air strikes against the heartlands of the so-called Tory State but no one is exactly sure where that is as Tory voters refuse to identify themselves and now rarely summon the faithful to prayers at their local bank.

Wednesday, 5 August 2015

Can The Tories Waste Any More Taxpayers Money?

It is the great political and economic dilemma of our times - how can the Tories waste even more taxpayers money while still benefiting themselves? Selling off RBS at a loss of £1 billion to the Tories rich mates in the City is a doddle. All George Osborne has to do is to stand up in Parliament and tell everyone with a straight face that this "is a good deal for the British taxpayer." Child's play for an accomplished conman like George. Explaining away the hundreds of millions lost to the NHS by Jeremy Hunt has proven a bit more tricky. Softening up the NHS for privatisation is, of course, the aim, but how to explain it? Cue Jeremy who now has the sheer brass neck to turn the argument on its head and suggest that the NHS cannot control its shrinking budget. "NHS spending is simply unaffordable" he tells the public while he gloats over the tax cuts for his £1 million mansion and congratulates his rich mates for their ingenious tax-dodging scams. Meanwhile, sniggering up his sleeve, George Osborne has asked public sector workers "for their ideas on how to deliver public services more efficiently" since he doesn't have a clue. "We need to save at least £20 billion if Dave and I are to get our next tax cut," George told our reporter. "Asking public sector workers to cut their own throats saves me the trouble and, when it all goes tits up, I can simply point the finger and remind them it was all their own idea. Brilliant! But its true that political scams and con tricks are becoming increasingly hard to pull off. In the 70's and 80's things were much easier when the world's most successful peadophile ring - Parliament - was bullet proof. Now we have the likes of Tom Watson and Jeremy Corbyn swanning around telling everyone the bloody truth. Thank God for offshore banking is all I can say."

Sunday, 5 July 2015

Tories Keep Their Promise To Reduce Inequality.

George Osborne has been outlining his plans to reduce inequality in the country. "The first thing we are going to do," he told our reporter, "is to abolish inheritance tax on houses up to £1 million for those people unfortunate enough to own a mansion. Many of these poor souls are huddled in tiny seven bedroomed houses surrounded by depressing open fields and with only a single drawing room, wine cellar and library between a whole family. Now, of course, this has to be paid for so I've decided to take it from selfish sick people who simply refuse to get better and the unemployed who enjoy a film star lifestyle on benefits. Just in case some of those who happen to own a £1 million mansion by accident in London and are, through no fault of their own, unemployed, I am going to reduce the amount of benefits that northern scroungers can claim outside of London. As you can see I am not afraid to make tough decisions, especially if they are tough on some one else and I am absolutely convinced that these policies will be very popular with those 37% of voters selfish and greedy enough to give us our overwhelming majority. Isn't democracy a wonderful thing!" Convinced by this erudite and convincing argument we asked a working class Tory voter for his opinion. "Oooh, he's just like the Blessed Margaret Thatcher. What wouldn't I give for him to spit in my face. Wonderful people the Tories."

Wednesday, 10 June 2015

Osborne To Outlaw Keynesianism.

Britain's leading economic ignoramus and the Tory party's idea of a genius has set out his plan to outlaw Keynesianism during his Mansion House speech. For those of you who don't understand what Keynesianism actually is it was the method by which the Depression of the 1930's was ended and works because it stimulates a floundering economy by putting money into the hands of those who need it the most - the poor. This is in contrast to the preferred Tory method of cutting taxes for the very rich who then proceed to hoard their money hoping that things will get better all on their own. It was this Tory method, now called "austerity", that prolonged the Depression of the 1930's for the entire decade and destroyed the lives of millions to benefit a tiny minority of the rich and greedy. Now George Osborne wants to pass this economic insanity into law to benefit himself and his rich mates and to ensure that, in any future economic downturn, it will be the poor who will pay for it. The rich, during times of boom, will get richer and, when they screw it all as their natural propensity for criminality is given free rein, it will be the poor who will be forced to pick up the tab. As such it is nothing more than the usual "heads we win, tails you lose" ideology that the Tory party favours. That they will get away with it reflects two unfortunate political realities. First, there is no real democracy in a Britain where 63% of voters did not vote for this sorry excuse for a government and, second, because the British people will completely fail to understand any of the issues involved. Osborne is also eagerly awaiting the response from the Labour party to his carefully laid trap. If Labour agrees with this idiocy Osborne will have completely neutered the opposition, forcing them to accept what will amount to a new economic orthodoxy. If they don't agree he will gleefully paint them as "economically irresponsible" and, once again, saddle us all with his "heads we win, tails you lose" confidence trick. Having lost our soul to those who have turned the war against poverty into a war against the poor, we are now being invited to lose our wits.

Saturday, 16 May 2015

"I'm All Right Jack" Britain.

George Osborne will reveal his smash and grab raid on the poorest members of our society on July 8th. Only 37% of Britain's voted for this, though another 14% voted for UKIP who are probably even worse. Essentially then 51% of the British electorate have revealed themselves to be as selfish and stupid as the Tories wished them to be. It would be easy to say that the right-wing press that infests Britain stampeded a gullible and ill-educated electorate into voting the wrong way. The problem with this analysis is that the shameful press we have in Britain wouldn't exist if it wasn't supported by enough people to make it highly profitable. It could be argued that it was all Ed Miliband's fault for being "too left-wing." This too is utter nonsense since, if the British electorate were not so selfish, they would have given him a fair hearing and refused to be swayed by a bunch of rich people pleading for permission to make themselves even richer at some one else's expense. Some have suggested that what swayed the electorate was fear. Fear of what? The main bone of contention seems to have been the economy and a non-existent recovery suddenly evaporating over night. The fact that the Tories were simply offering tax cuts for themselves and austerity for the rest of us hardly made a dent in their vacuous arguments. If the electorate did vote out of fear then, on July 8th, they will know what fear really is. This budget will be designed purely to restore and extend the privileges of a tiny wealthy minority with a few crumbs for the middle classes to grease the wheels and an assault on the poor, the sick, the disabled and under-privileged unprecedented in modern times. The Tories plan to put the final nail in the coffin of the post-war consensus that our fathers and grandfathers spilt blood to establish. We should be ashamed of ourselves but I fear that far too many of us are gloating instead. You asked for this so enjoy, but don't bleat while the NHS is stolen from under you, your children become the first generation to be poorer than the last and you suddenly find yourself landed with huge bills as private companies charge outrageous premiums for services that used to cost very little.

Thursday, 25 December 2014

Tories Wish Us All A Poor And Miserable Christmas

David Cameron, the only political leader in Britain with the sheer brass neck to describe himself as a "Christian", gave his Christmas message to the country yesterday and spoke the usual garbage about "Christian values" and "giving, sharing and taking care of others". George Osborne seems to have taken his leader at his word when he recently gave one of his closest friends, Rupert Harrison and described as Osborne's "Chief of Staff", a 19% pay rise increasing his salary to a staggering £95,000 per year. Worth every penny I'm sure you'll agree when NHS staff are not worth a miserable 1%. To underline their message the Tories applauded when police in London seized blankets, sleeping bags and food donations belonging to people sleeping rough in the streets. "This is all part of our solution to the problem of poverty in Britain," a leading Tory told our reporter. "We are now hoping for a particularly nasty cold spell so that many of them will simply die. A good cover of snow would be a bonus since it will hide the bodies under a romantic covering of nice fluffy stuff. Don't forget our favourite saying in the Tory party - out of sight, out of mind. None of us should forget, during this season of goodwill, peace on earth and other meaningless cliches, that poverty is a lifestyle choice and that poor people are essentially evil. Rich people should not be subjected to unpleasant sights such as poor homeless people cluttering up the streets and making them look untidy. We see this as a fair solution to what is a growing problem, though we have absolutely no idea why so many people are deliberately making themselves poor and homeless. It all very mysterious."

Thursday, 27 November 2014

Is George Osborne Out Of His Mind.

There is a very interesting video doing the rounds at the moment and its well worth a look. The video was taken during Prime Minister's Question Time as David Cameron was in full flow. But its is not David Cameron that commands our attention but George Osborne seated next to him. To say that Osborne looks disorientated is putting mildly. In truth he looks as if he's off his face on drugs. Two questions arise from this. First, why is this man in charge of Britain's economy? Second, why isn't this video being played on BBC news?

Tuesday, 25 November 2014

Why Britain Is Still In Debt.

If, as George Osborne and David Cameron claim, the British economy is now recovering and if, as they also claim, the deficit is falling then why is Britain's national debt continuing to mount? In 2008 the national debt stood at £530 billion but is now standing at £1.7 trillion. Why? Well to begin with the deficit is the difference between what Britain produces and what Britain spends. So, even if the deficit is falling, the national debt can continue to grow - spending more than you make even if you reduce that spending will still put you further into debt. Yet if we are making more, as the so-called "recovery" takes hold, and spending less, especially on social services, why is the national debt three times what it was in 2008 and still climbing? The answer is in two parts. First the much-vaunted "recovery" is nothing of the kind with much of it based upon a rise in property values which feed into the GDP figures. These rises are mere illusion and are based on nothing more substantial than what people believe property is worth. It's not as if houses in this country have suddenly become more productive or increased their efficiency - they remain simply bricks and mortar. Osborne and Cameron have also used an economic sleight of hand to bolster their claims to a "recovery" by fiddling the figures and including estimates on the value of the black economy - such things as prostitution, drug dealing and money laundering. Yet the suffering caused by cuts to spending on social services - unemployment and sickness benefits and the the so-called "Extra Bedroom Subsidy" - have been very real and so too, you would think, would be the effect on the national debt. So, where has all the money "saved" gone? Much of it has gone into subsidising business through working tax credits as wages continue to fall. In other words we, the taxpayers, have been paying ourselves so that the rich and greedy don't have to. A great deal of it has gone on "quantative easing" - the new socialism for bankers which rewards them for being rich and greedy and also for being utterly stupid. Much of it has gone in the form of tax breaks for the rich and greedy so they will come to Britain and be as rich and greedy as they like. In other words a great deal of Britain's GDP has been transferred from the poor to the rich by circuitous and devious routes and we taxpayers, too poor to actually give the rich loads of ready cash, have effectively been forced to borrow the money in order to give it to them. To add insult to injury the people we've been forced to borrow the money from are the very bankers who got us into this mess in the first place. And that, ladies and gentlemen, is why Britain is still up to its neck in debt, why you and I have been forced to foot the bill and also how the Tories have turned socialism on its head.

Saturday, 8 November 2014

Smoke And Mirrors Tory Style.

The story goes like this. The Tories have known for months that they would be landed with a big surcharge from the EU. This is how the EU works. When your economy is doing well you pay a surcharge, when its not you get a rebate. Since both David Cameron and George Osborne have been boasting almost non-stop about their non-existent "recovery", even going so far as to include the estimated activity of the prostitution and drug dealing "industries", the surcharge was inevitable. The Treasury would even have have been able to calculate the size of the surcharge based on their own fictitious figures. But the EU has never been popular with the Tories and, with UKIP breathing down their necks, is even less popular at the moment. So how to turn this farce to their advantage? Feign surprise and then state firmly that Britain will not pay the £1.7 billion demanded by the December 1st. Simples! Cue George Osborne who borrows David Cameron's shiny suit of armour (sadly they only have the one between them in these times of austerity) and sallies off to tilt at the windmills in Brussels. After ten hours of talks in which St.George agrees to pay the full amount in two installments, he eventually emerges to announce a complete victory over Johnnie Foreigner. Having quickly changed out of his shiny suit of armour and into an evening suit with a fez on his head he then calls a press conference and does his impression of Tommy Cooper. And, since accountancy tricks and economic sleights of hand have served their cause so well in the past, why not claim that you've halved the bill by announcing that this will be negated by any future rebates? ("Just like that!"). The only problem is that any child with an abacus can see that this is utter rubbish and amounts to nothing more than a cynical exercise in deception and propaganda. The Tories have nothing but contempt for the ordinary people of Britain so it should come as no surprise that they are quite prepared to insult our intelligence but even the usually right-wing press in this country are having trouble swallowing this one.

Tuesday, 14 October 2014

Tory Complacency.

The Tories have demonstrated quite clearly in the last two days that their complacency knows no bounds. First we have their attitude to the unprecedented outbreak of Ebola in West Africa. Essentially they have done nothing to protect the country, the head of the Border Force Dan O'Mahoney freely admitting that since the outbreak began 1,000 people a month travelling from West Africa have been allowed to enter the country freely with no health checks whatsoever. But not to worry because, according to the Ministry of Health, we shouldn't expect more than about 10 cases diagnosed in Britain before the end of the year. The reason we shouldn't worry about this, according to Boris Johnson, is because we have a much better healthcare system than is found in West Africa. The NHS, it would seem, will act as a barrier to a widespread outbreak in Britain and those selfless and courageous public sector employees who work for it will willingly risk their lives to save the rest of us even as they are being refused a measly 1% pay rise. The Tories have not shown such idiotic complacency with regard to public health since they deregulated the food industry under Margaret Thatcher and gifted us all with new variant CJD or Mad Cow Disease. Next we have George Osborne, the world's leading economic ignoramus, carefully explaining why the falling rate of inflation in Britain (except in the housing market) is good news for us all. In a time of economic expansion and growing economic strength this would be true. In a time of sluggish economic activity such as we are presently experiencing it is most certainly not. Low inflation under these conditions is simply a reflection of the lack of demand in the economy - a lack of demand caused by a deflationary policy of austerity that has undermined confidence and forced down wages. To paraphrase Tacitus; "They create a desert and call it economic success." The Tory party should carry a health and wealth warning - "You vote for these morons at your peril".

Saturday, 4 October 2014

Tory Conference Tries To Sell A Bleak Future.

The Tory Conference has spent all week presenting their case for re-election in May 2015. David Cameron once again trotted out the story about his late disabled son as "proof" that the NHS was safe in Tory hands, though he forgot to mention that since he became Prime Minister £1.5 billion in contracts have been awarded to private companies who also just happen to be contributors to the Tory party. Meanwhile George Osborne tore into "evil" charities whose activities he described as "anti-business which, to him, is the same thing as treason. But the real message as to what will happen under a Tory government after 2015 boiled down to three things; There will be further tax cuts for rich people, probably funded by a hike in VAT for the rest of us; Austerity for poor people will continue unabated to pay back a national debt that has more than doubled in the last five years; We will lose our human rights so that the Tories can continue to squeeze wages and strip away workers rights. These unwelcome and rather nasty policies were not, of course, presented in quite that way. Tax cuts for the rich were broached in terms of "lifting the tax burden on hard working families", continued austerity was all the fault of the previous Labour government and the loss of our human rights is necessary to protect us all from evil foreigners. Whichever way you cut it, however, what the Tories are peddling is a bleak and uncompromising future in which hope of any kind is strictly limited to the already rich and self-satisfied while the rest of us can expect increasing poverty because that's all we deserve.

Monday, 29 September 2014

Tories Promise To Sacrifice Yet More Poor People.

Speaking at the Tory conference in Birmingham today George Osborne has promised that the nasty party will continue to hold poor people responsible for the greed and selfishness of the rich. Austerity, he told his adoring audience of fat cats and the irredeemably stupid, is here to stay and he feels that this bleak message to most of the country is a real vote-winner. While the poor are to be sacrificed once again to protect an increasingly wealthy minority, the NHS will be starved of funds in order to kill off those who can no longer contribute towards bankers bonuses and the profits of corporate criminals. With tax increases for his rich pals not an option Osborne has no choice but to cut expenditure further in order to service a national debts that he has managed to more than double in less than five years. Throughout his speech he called on the electorate to vote for a future that will be even worse than the past. Only the Tories, he said, are serious about running the economy - though he forgot to add that they are serious about running it into the ground. Those who will suffer the most will be the feckless scroungers who work full-time for part-time wages - those of us whose wages have shrunk so much while corporate fat cats stuff their offshore bank accounts with yet more tax-free cash - because scroungers is what we have all become according to the Tories. Essentially Osborne has written off most the people in this country for the crime of not being born amongst an ever-increasingly privileged minority, for not choosing our parents with more care and for not being the heartless and utterly money-obsessed freeloaders that they are. We don't deserve a future, he told most of us today, and he will make absolutely sure that we don't get one.

Monday, 21 July 2014

Ken Clarke Pours Cold Water on Osborne's "Economic Recovery"

Ken Clarke, free at last to express his real opinions, has lambasted Osborne's so-called "economic recovery". Speaking to the "Guardian" he described the recent slight economic improvement as nothing more than "a bit of cyclical upswing" while Britain's economy is "fragile, vulnerable to shocks, and still lacks the strong productive base necessary to compete long-term in global markets". "It's not firmly enough rooted on a proper balance between manufacturing and a wide range of services and financial services," he says. "I mean, we have this mystery of why we can't get productivity to start rising again." Describing Osborne's policy as merely reviving the "ludicrous cycle of house price booms," he has, in effect, trashed the Tory party's entire economic policy. Not that there is much to trash since their policy consists entirely of erecting a solid wall of economic privilege between themselves and the rest of the country and then pulling up the drawbridge. Ken Clarke, it must be said, is the last of a dying breed within his party - a "one nation Tory" who believes that a government should govern in the interests of the whole country and not in their own selfish interests. As such Ken Clarke is a bit of a dinosaur as the "modernising" Tories seek to turn the clock back to the 18th century and grab what they can while they can. Pity he didn't say all this when he was in a position to make some sort of difference.

Monday, 30 June 2014

How The Tories Tackle The Housing Crisis.

The Tories have recently been addressing the problem of the housing crisis, cruising the TV studios telling us all about their concerns and presenting statistics that seem to indicate that they are doing something about it. Having ignored the problem for four years they were galvanised into action after very public warnings from the EU and the Bank of England that the recent re-inflation of the property market is a grave danger to the British economy. The problem for George Osborne is that the property boom constitutes the major element in his otherwise non-existent economic recovery. Building houses threatens this recovery for the rich only that Osborne has engineered and the growing inequality between rich and poor that he champions. Not to worry though because, behind the scenes, he, the Tory Party and their wealthy backers, are still cashing in for all they are worth in the property market. Mike Weatherly, Tory MP for Hove, has been busy promoting anti-squatting laws on behalf of wealthy property tycoons who are responsible for a staggering 710,000 empty houses in Britain and who have paid him thousands of pounds in personal "donations". Meanwhile Richard Benyon, pictured above, Tory MP for Newbury, has been investing in social housing estates in London and then raising rents in an effort to get rid of the working-class families that presently live there and replace them with wealthier tenants. The eventual goal, a spokesman for the consortium that has bought the New Era Estate in Hoxton said, is to "raise rents to the going market value." In case you're wondering the "going market value" in East London is it is £2,000 per month. Few, if any, of the present tenants could possibly afford such a rent hike and it seems unavoidable that they will soon be evicted and replaced by tenants more the Mr.Benyon's taste. This then is the Tory housing policy. Hundreds of thousands of empty houses put to one side as an "investment", unaffordable rents for ordinary working people, increasing homelessness and a rich rentier class sucking the lifeblood out of our economy.

Tuesday, 3 June 2014

Tories Achieve Their Chief Aim.

The Tories are today celebrating a return to the disastrous conditions that almost destroyed the world economy in 2008 while George Osborne is reported to be "gobsmacked" that both the Bank of England and the EU have warned him that his housing policy is insane. House prices in Britain have risen by 11.1% over the last year, forming the only tangible element in Osborne's so-called recovery. Meanwhile homelessness is on the increase even as disposable income shrinks in the face of the spiralling cost to those forced into renting property. In other words we have a "recovery" which is confined purely to a wealthy class of rentier property owners. While exports falter, manufacturing remains stagnant, wages continue to shrink and house building continues to languish our national debt is out of control. This is because increasing house prices does nothing to improve the balance of payments but does encourage debt as house owners borrow against the notional value of their property. All that Cameron and his idiot "fag" Osborne have done is to reinvent the wheel - and a broken worn out one at that. But the Tories have at least achieved their main aim of rewarding their rich mates in London especially in the banking industry. They love to berate Labour for the crash in 2008 after following an economic policy that everyone else in the world, including them, cheered on. In 2014 we should all know better so what is the Tories excuse for following exactly the same path? Essentially they don't have one, they are simply greedy chancers hoping to feather their own nests before the next economic downturn sees them thrown out of Downing Street. While the rest of us are scratching our heads and wondering when the recovery will benefit us they are busy stuffing their offshore bank accounts with tax free money and greedily eyeing the NHS as they prepare it for privatisation. At best the Tories are snake oil salesmen, at worst they are criminal asset strippers with all the patriotism expected from a party financed by corporate big business.

Sunday, 18 May 2014

Mark Carney Calls Time On Osborne's "Recovery".

Mark Carney, Governor of the Bank of England, has issued a warning to George Osborne over his so-called recovery. The booming house market poses the "biggest risk" to Britain's economy, he told Sky News, while the fundamental problem remains that not enough houses are being built. This undermines the central, indeed the only, plank in Osborne's fake economic recovery. Essentially there is no recovery with GDP stagnant apart from the increase in the notional value of housing which feeds into the figures. The wealthy might be smug as they borrow against the "value" of their houses and create a slight boom in luxury goods, but the vast majority have found that their income, based upon real work and not a largely fictional increase in the value of their assets, has shrunk. This, in turn, is denting demand in the real economy and putting the brakes on production, threatening the long-term interests of the nation and undermining any prospect for a real recovery. The Tories claim that unemployment is falling as their "recovery" takes hold but the truth is that they have massaged the figures, failing to count those they have forced off benefits or forced to take up low-paid, zero-hour contract work. They remain unconcerned about such things, concentrating instead on the privatisation of national assets so they can line the pockets of their rich mates and take the backhanders that they call "donations" but are, in reality, bribes. All this corruption is taking place against the background of a sustained and deliberate assault on the poor, sick and unemployed unprecedented in British history and yet the Tories retain the support of nearly one third of the electorate. Why? As John Stuart Mill, the great 19th century liberal philosopher, once observed; "Although it is not true that all conservatives are stupid people, it is true that most stupid people are conservative."