Category Archives: Money

Did Johnson force Brexit on us just to maintain London’s status as the world’s financial crime centre?

Silent: did Boris Johnson force Brexit on us all, just to protect crooks in the City of London? If so, he’ll never admit it.

Beastrabban found this in conspiracist magazine Lobster, so take it as you like.

The claim is that Boris Johnson set his mind to return to the House of Commons after his term as London Mayor ended, purely to stop the European Union clamping down on the City and its role in money laundering and financial crime across the globe.

By taking the UK out of the EU, the theory states, he was preserving the City of London as the financial crime centre of the world’s economy.

The Beast points out that such a desire to protect the Tories’ city backers (as well, no doubt, as any financial criminals that might happen to be hanging around) “is going to wreck our manufacturing industry and agriculture, raise food prices, and create shortages of food, medicines and other goods”.

When you consider the kind of people with whom Johnson has been spending his free time recently, one has to wonder whether there might be a smidgen of fact to this…

Source: Did Boris Become PM and Back Brexit Just to Protect the City of London from EU Regulation? | Beastrabban\’s Weblog

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Cummings wasted around a quarter of a MILLION pounds this year. Why did we pay him ANYTHING?

Nothing but a burden on public finances: Dominic Cummings and Boris Johnson.

What a waste of public money Dominic Cummings turned out to be.

Not only did he take a pay rise of around £50,000 – on top of the £95,000+ he was already getting as Boris Johnson’s chief advisor – while he was flouting Covid-19 lockdown restrictions with junkets to Barnard Castle (for example), but…

He also indirectly caused £200,000 to be wasted after an advisor to then-Chancellor Sajid Javid was escorted out of Downing Street in the wake of a confrontation with him.

Documents … show that the prime minister overruled the advice of the civil service’s chief executive, John Manzoni, in March that the government should seek a settlement with Sonia Khan, a former adviser to the then chancellor, Sajid Javid.

Johnson refused to listen to the advice, which meant that the case continued until November, driving up legal costs. Khan was eventually paid between £50,000 and £100,000 in November, days after Cummings announced he would be standing down from Downing Street at the end of this year. Legal sources estimate that the total costs including Khan’s payoff could be nearly £200,000.

That’s a loss of a quarter of a million pounds, due to the incompetence and hubris of just one man – and there are hundreds of people in Boris Johnson’s Conservative government.

Of course, Cummings won’t have paid a penny of those legal costs, just as Boris Johnson didn’t pay a penny of the extra salary he gave to the soon-to-be-former advisor. We did.

And we have absolutely nothing to show for it. Worse than nothing, in fact – because Cummings’s advice has been alleged to have caused a lot of harm to the population, especially at the start of the Covid crisis.

I know what the diehard Tories will say: “It could have been worse. We could have had a Labour government.” It’s their usual mantra.

But we don’t have a Labour government. This waste and damage was caused by Conservatives.

And if they want their criticisms of the Opposition to have any meaning, they should set a higher standard.

Source: Johnson ‘wasted public money’ over adviser sacked by Dominic Cummings | Dominic Cummings | The Guardian

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What has happened to the missing £50 BILLION in UK banknotes?

Where has all the money gone? With £50 million missing, someone would need a pretty big sofa to have it all stashed down the back.

MPs are getting their knickers in a knot after around three-quarters of all the UK banknotes in existence dropped out of circulation.

The House of Commons’ public accounts committee has said the cash – £50 billion of it – might be supporting the so-called “shadow economy”.

It could also be overseas or tucked away in homes, unreported.

This Writer thinks there could be a perfectly reasonable explanation. For example, does anybody remember, when the crisis flared up, we were told that we could be unwittingly transmitting the virus via money, which passes unwashed through many pairs of hands as it is exchanged for goods and services?

Also, people no longer trust the banks and have been stockpiling cash to cope with the Covid crisis – and ahead of the financial disaster that we call Brexit.

Remember that banks provide information on your savings to the government, and this can affect the value of benefit claims.

At a time when huge numbers of people are trying to claim state support to get through this short-term pandemic, doesn’t it make financial sense to keep as much as possible in reserve, in the form of physical notes?

I’m not saying it’s an attitude that is particularly helpful to governments – but it has become abundantly clear since March that Boris Johnson’s wishes are not the same as ours.

Personally, I don’t have anything stashed away. As This Site has been able to keep operating in spite of the pandemic, I have not had reason to. Most of my transactions are carried out via card.

But I know I’m among the lucky ones. Millions of people have lost income – or lost their jobs altogether – only to find that they do not qualify for the support schemes offered by Johnson.

What are they supposed to do – lie down and die?

Most people have a bit more life in them than that.

They’ll do what they have to, in order to survive.

If that means stashing away some cash in the belief that the legendary “rainy day” has come, then that’s what they’ll do.

If it means resorting to this “shadow economy”, they’ll do that as well – and Johnson will have been the one who pushed them to it.

Of course, some of us have been having fun with it:

Source: Call for probe into ‘missing’ £50bn of UK cash – BBC News

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Tory irresponsibility: Sunak financial statement sparked four suicides in Merseyside

Who, exactly, are the Tories helping with the hundreds of billions of pounds they have borrowed?

According to the latest projections, the government is likely to have borrowed £316.4 billion more than last year, mostly on Covid-19-related measures.

That’s about £5,000 per person and This Writer can’t help thinking the money would have been better-spent if the Tories had just given it to each of us and told us to stay at home.

Instead, they devised a series of financial packages to fit people in certain circumstances – and to ignore others.

That’s the reason the Liverpool Echo is reporting that four people in Merseyside were known to have committed suicide after hearing Rishi Sunak’s most recent financial statement.

The Echo quotes Anneka Hicks of Excluded UK, an organisation to help a large proportion of the workforce who have been cut out of any ‘meaningful government support schemes’:

Over the past eight months many of our members have had to sell their homes, their cars – they have depleted their entire life savings.

They’ve lost their dignity. Many of them have been forced to take state benefits (if they can) and use food banks to feed their families, they’ve lost their businesses or made redundancies.

They are expected to start again with nothing, or less than nothing.

Sadly, we lost four members to suicide within 72 hours of the chancellor’s latest financial statement, but they are only the people we know about.

There are more details in the Echo article but look at the heartlessness of the government response:

We’ve acknowledged that not everyone has been helped in the way they would have wanted, but overall the Government has provided a huge amount to help businesses and families through this crisis.

The scheme’s eligibility criteria are designed to most effectively target support to low earners and prevent fraud.

It seems clear that it isn’t working.

And now Sunak wants people like these to pay increased taxes. One of them points out

I pay my taxes every year, I expected something back from that.

How can Sunak expect money from people he deliberately locked out of any help – or the families of people who have died as a result of his policies?

Source: ‘Four suicides within 72 hours of Rishi Sunak statement’ says campaigner – Liverpool Echo

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#PoorBoris – UK citizens give what sympathy they can to PM ‘complaining about money’

Don’t cry, Mr Johnson: we all know it’s hard for you to feed yourself, your paramour and four of your six kids on a £150,000+ income, with your accommodation supported by the state. But we’re not sure you or anyone you know should be in charge of the nation’s economy if you can’t. It was Tories like you who said the economy was like a household budget, after all.

If you behave more like a performing monkey than a prime minister, you get what you deserve when you complain.

It seems the UK’s performing monkey – Boris Johnson – is complaining, as his fans in The Times explain:

The headline defies reason! Overburdened, underpaid and ‘misery on his face’!

Overburdened? This is the prime minister who has spent more time on holiday then any of his recent forerunners – possibly than all of them put together, if you average it out for a single year.

Underpaid? Let’s see how that plays out for our £150,000-a-year public servant in some of the comments from those he is supposed to serve:

 

Well…

Here‘s Phil Harrison: “This piece is jaw-droppingly offensive. a) He earns five times the national median wage at a time when millions are losing jobs. b) He’s already minted. c) He only looks after 4 of his 6 kids?! YOU WHAT?? Does he want a medal? He should be in court.”

Indeed. Johnson probably claims Child Benefit for the other two…

Indeed. If Johnson had not wanted to support his children, one wonders how he came to have so many. Lost In The Shire has a thought about that: “I sometimes imagine his supporters think he slipped and accidentally impregnated a host of women and so that’s why he doesn’t need to pay to support or acknowledge all of his own children.”

Still, there’s a lot of good advice for him, such as this, from WeeHalfPint: “If we all clap, that should help him put food on the table, yeah?”

Queen Neferure has more practical help for him: “Hi @BorisJohnson I’m sorry to hear you are struggling on £150k. I get ESA, which for the over 25s is less than £4k per year. If you need any help with budgeting, do not hesitate to contact me or contact your local jobcentre, @CitizensAdvice or @StepChange for help.”

How about this?

Alternatively, perhaps he could try taking advice from a fellow right-winger, as suggested here:

Sara Anzani adds: “He should try living on £5.65 a day, like he and the rest of his government expect asylum seekers to.”

Of course, Johnson isn’t struggling to pay the bills on his own; he has a partner. These Novel Thoughts was prompted to make the following suggestion with this in mind: “Is Carrie working? If so, surely that’s another salary coming in. If not, why do they need a nanny? And given the fact that Johnson only works about a day a week, can’t he do some cleaning?”

As for the misery on his face. Well, The Times stated that being a performing monkey prime minister was his life’s ambition.

Perhaps he has discovered the truism that having is not so pleasing a thing, after all, as wanting.

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Did Boris Johnson axe international development department so he could misuse its cash?

Boris Johnson can’t be trusted with cash: he seems to give it to his friends whenever he can – and the fear is that he’ll do it with the budget of the soon-to-be-scrapped Department for International Development.

Boris Johnson is being urged to forget his plan to scrap the Department for International Development on the grounds that money would go to the wrong nations.

The DfID is being merged with the Foreign Office but whereas the DfID has spent a majority of its budget in the poorest countries and has a reputation for transparency, the same cannot be said for the FO – especially under Boris Johnson.

When he was Foreign Secretary (between 2016-2018), it was in the middle of spending £84 million on China – which can hardly be said to require aid.

Indeed, 39 per cent of FO cash has gone to higher- and middle-income nations, with just 22 per cent going to the poorest countries.

The facts of the matter have only just been revealed, so it seems the FO can get away with hiding its spending – handy if you want to hand public cash to your mates.

So the question is:

Is Johnson scrapping the DfID so he can appropriate its money and give it to his dodgy contacts in foreign countries, in the same way he has handed billions of pounds of Covid-related cash to firms run by his cronies, who have provided nothing in response?

And, if that is even the suspicion:

Shouldn’t the plan to scrap the DfID be itself scrapped – to avoid trust in the government collapsing even more than it already has?

Source: Boris Johnson ‘can’t be trusted’ on foreign aid as millions sent to China revealed – Mirror Online

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What will you say when they ask what you did in the class war?


I seem to have hit a nerve when I said the Tories are waging a class war on anyone who isn’t filthy rich.

In fact, two Vox Political articles touched on this class war – the first implied it, the second made it explicit.

Today I opened Twitter to discover those words all over the place:

I’m not claiming credit for calling a thing by its name – this is “multiple discovery”, “simultaneous invention”, “synchronicity” or, if you like, an expression of the “zeitgeist”. More and more people are simply coming to realise, understand and accept that it is the policy of the UK’s Conservative government to push them down unfairly.

That is what the decision – and it was a decision, deliberately made – to punish ‘A’ level pupils who weren’t from private schools was all about. Yes, Gavin Williamson and the other Tories are saying it was down to a mechanical system, an algorithm – but that algorithm was written by a human being who intended it to give an advantage to the children of very rich people.

In this way, the Tory class war has stolen your children’s futures and given them to the undeserving rich.

It’s what the decision  – and it was a decision, deliberately made – not to fight Covid-19 in any meaningful way was all about. Tens of thousands of people in care homes have died – your relatives, maybe – because Matt Hancock and the other Tories said people with Covid-19 who lived in those homes should be sent back to them – never mind the fact that they did not have isolation facilities and the virus would run through those places like wildfire and be transferred to others by part-time staff who worked in different homes run by the same – private – firm.

The Tories – and their private business collaborators – failed to source personal protective equipment, ventilators, tests and the facilities to carry out tests. The lockdown they imposed was half-hearted and failed to stop the progress of the disease. Now that they have lifted it, albeit with a few measures still in place, more people are contracting the virus again. So they have stopped reporting the daily number of infections.

And the Tories have rewarded their private business collaborators for their failures with hugely expensive contracts to continue failing us – all at the public expense. Serco’s test and trace contract has been renewed, even though we know it won’t stop any second wave (really just a resurgence of the first wave that was suppressed but never went away).

You won’t get justice against the Tories by the normal means available to civil society because the Tories have either corrupted them already or are in the process of doing so. Boris Johnson illegally terminated Parliament’s last session in the autumn of 2019 and what was the result? He called a general election, lied to us until he was purple in the face and was rewarded with an 80-seat Parliamentary majority.

Now he is using that power to ensure that the courts will not be able to stop any more of his corruption by planning a curb on judicial review of government activity. He is imposing a dictatorship – just as he told you he would, if you could have been bothered to read page 48 of his election manifesto.

The police won’t help. Boris Johnson, Matt Hancock, Gavin Williamson and the others are all above the law – no matter what they do. Try reporting a cabinet minister for a crime and see how far you get. They’ll tell you they’re treating it seriously, bounce the accusation around a few different departments and then say there’s no evidence. I’ve been there.

Hundreds of thousands of people have died already because it is Tory policy to kill claimants of sickness or disability claimants, who they consider to be “useless eaters”. That’s why the newspapers have been full of reports showing people with long-term illnesses and disabilities starving to death.

They wanted your homes so they imposed the Bedroom Tax and took them away from you.

The list goes on and on.

And still, too many people think they are the best choice to run the UK – even though the economy is in its deepest recession ever, and Brexit means it may never recover. You will suffer – they won’t. They have been stockpiling your cash and will simply use it to sit out any unpleasantness in the future.

But I feel sure a tipping-point will come – a flashpoint. I wonder how much we will all have to lose before that happens. I’m guessing it’ll be pretty much everything.

By then, many people may think there is nothing they can do. I am reminded yet again of Martin Niemoller’s poem about how the Nazis came for different groups who received no help from anybody else until, by the time they come for the author, there was nobody even left for him to ask.

But I am reminded of another group who were put in a similar position. When I visited Bosnia in the 1990s, I was told how – when the tanks from other countries moved in – the people, who were weaponless, left their homes and went up into the hills. They came back at night, when they took weapons – and lives – from the soldiers who had taken everything from them. And slowly, they took back their land from their oppressors.

I can see that happening here in the future.

I would rather it didn’t.

But it will, if people of good conscience don’t wake up, get up and put up a fight.

Keir Starmer won’t do it. He agrees with the Tories. That’s why he’s busy turning the Labour Party into Tory Lite Mk II (New Labour was Mk I) and accusing anybody who disagrees with him of anti-Semitism.

If you don’t want this to fall into violence, then you need to think what else you can do.

The ‘A’ level fiasco creates opportunities. Already some further education institutions have said they will take students who were downgraded, on the basis of their predicted results. Some haven’t. Clearly we should take note of the side that each University, each college, takes. Those who do the right thing should be rewarded in whatever ways we can. Those who do not should be shunned – meaning not only that we should not even try to send our children there, but that we should reject their graduates when they seek employment with our businesses. We know they won’t be any damn good anyway.

And employers who turn down applicants on the basis of the Tory algorithm’s discredited results should also be named, so we can stop buying their products.

That’s the best – non-violent – response I can conceive on the spur of the moment, and these things need to start happening now.

We’d better get to it, if we don’t want to roll over and die. And yes, that means you.

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Is Keir Starmer re-installing corruption into the Labour Party, with the wealth of private donors?


There is nothing to praise in the way Keir Starmer has managed to replace a small subscriptions by a large amount of people with large donations by a small number of wealthy benefactors.

No matter how The Guardian dresses it up, it signals a return to the bad days of New Labour, when the party’s direction was dictated by a small number of wealthy donors – for their own gain – rather than by its members for the good of the UK as a whole.

Look at this, from the Guardian‘s article:

“I would not give Labour money under Corbyn, but I would now be happy to give money to Labour,” said one significant former donor.

Those are the words of a person who is “for the few, not the many” – an inversion of Labour’s famous slogan.

The article also quotes Michael Levy, “Labour’s leading fundraiser under Tony Blair”, as follows:

Whereas I would say major donors would have had no interest over this last period, I think there is a real possibility now that they will return to the fold. The party needs to be funded by people who believe in the cause.

Whose cause?

Some of us have very clear ideas about that:

Consider this, from a sitting Labour MP:

That is absolutely right. And a return to a situation where private donors have more say than the rank-and-file members is simply unacceptable.

Look at a few other comments and consider the implications:

If Corbyn’s Labour was “crony donor free”, then Starmer’s isn’t – and that is a bad thing.

https://twitter.com/Kayayemela/status/1292163222540361729

Again, “individual wealthy backers” = bad.

“The Labour Party should be about the people. Always.” But the presence of wealthy donors will prevent that.

James Foster is right. As are the others.

Jeremy Corbyn’s Labour didn’t need “big money”. It had plenty of “small money”, if that’s how some people want to describe it.

The fact that “big money” is coming back to Keir Starmer’s Labour indicates that “small money” is leaving.

It also indicates that “big money” wants to support Starmer’s appeasement of those staffers who are accused of sabotaging the Corbyn project, of racism, misogyny and in some cases anti-Semitism. Because it makes Corbyn look bad without actually proving anything either way?

This is a very bad look for Starmer’s new New Labour.

We already have evidence that indicates around 2,000 people are leaving the party every week.

This may multiply that outward flood into a deluge.

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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The Tory squeeze is on: one in four adults are struggling to buy food in Covid-19 pandemic

A few coppers and some silver coins: all the Tories think you’re worth.

The Tories are using the Covid-19 crisis to force more of the UK’s struggling population into poverty, it seems, with increasing reliance on food banks as disposable incomes plummet:

One in four adults in the UK have struggled to access food they can afford during the coronavirus pandemic, leaving them susceptible to hunger and potential malnutrition, a new report warns.

Research by Feeding Britain and Northumbria University’s Healthy Living Lab indicates a far broader group of households, in addition to the poorest, are now struggling to pay the bills and put food on the table, often following a loss of earnings or problems with the benefits system.

The findings, based on a survey with 1,004 responses, shows nearly 25 per cent of adults looking after children have eaten less during the pandemic so they can feed them, while half have tried to cope by buying less expensive food they would not ordinarily choose to buy – a figure that rises to nine in 10 among adults who live in the poorest households.

Even strategies commonly used during lockdown – such as buying less expensive food, borrowing food, using food banks and restricting the food eaten – have not enabled adults to become food secure and live free of hunger and potential malnutrition, the report says.

It comes after figures published earlier this month revealed demand for food banks is greater than ever – with The Trussell Trust, the UK’s biggest network of food banks, handing out 89 per cent more food parcels in April compared with the same month last year, while the Independent Food Aid Network (Ifan) recorded a 175 per cent increase over the same period.

This is not an accident.

Other countries’ governments have been able to support their people through the crisis – most of them much poorer than the UK.

So this is a conscious choice by your Conservative masters; they are using Covid-19 to put you firmly in your place.

It seems they think that place is in debt – and this should come as no surprise. People who have to work long, hard hours trying to pay off debts that (no doubt) are increasing in spite of those efforts have no time or energy left to question the corrupt antics of their political leaders.

Think about that when you open your bank statement and find it is red.

Source: ‘Uphill struggle’: One in four adults struggling to afford food during coronavirus pandemic, study finds | The Independent

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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Bank of England pumps £100bn into UK economy – but who gets the money?

Money: the Bank of England has pumped £100 billion into the UK economy to ease the strain caused by the Covid-19 crisis – but you won’t see a single penny of it. In fact, you are more likely to be asked to pay back the investment.

This is a wake-up call.

If you’ve seen reports that the Bank of England is bailing out the UK economy with £100 billion of what’s called QE (quantitative easing), you may have been lulled into a belief that everything’s going to be fine.

You would be mistaken.

The UK economy has taken a pounding because of the Covid-19 crisis. We are currently in the grip of an economic recession that makes the 2008/9 financial crisis look like the temporary misplacement of a back-pocket fiver.

In March, the economy shrank by around six per cent. In April, it shrank by a further 20.4 per cent. This Site doesn’t have numbers for May and June.

That meant 600,000 people lost their jobs between March and May. Many more found themselves suffering 20 per cent pay cuts as they were put on the government’s furlough scheme.

Employers were also put under extreme pressure as they have to pay what’s known as “overheads” – rent/mortgage on the land/buildings they use, power, supplies if they are perishable, and so on.

It is an established economic fact that money pumped into a financial system has a far more beneficial effect, if it goes to the poorest people – those who were hardest-hit by the current crisis, as they were by the financial crisis of 2008/9 before this.

They didn’t see a single penny of the QE that came into the economy after the recession of 11/12 years ago, and they won’t see a penny of the new £100 billion.

In fact, they’ll be told to pay back the cash that the government has provided for them, even though they’ve been given less than enough to survive comfortably as it is.

If This Writer recalls correctly, QE for the financial crisis went no further than the large financial institutions the Bank of England deals with on a day-to-day basis.

These would then lend the money to businesses and other organisations, with a view towards receiving the cash back – with interest – in the future.

The businesses then increase the prices of their goods while depressing the pay they give their workers.

Have you spotted the reason this won’t work?

Source: Coronavirus: Bank pumps £100bn into UK economy to aid recovery – BBC News

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

https://www.crowdjustice.com/case/mike-sivier-libel-fight/


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