Tag Archives: assets

Tory Brexit has decimated the UK’s financial industry – and YOU will suffer the consequences

This is UK money: enjoy the sight of it because it is currently being turned into Euros and we are never likely to see as much of it again – and you have Boris Johnson and his Conservatives to blame.

Wow. Boris Johnson’s insistence on his silly Brexit deal has meant the one industry in which the UK remained a world leader – finance, is falling.

More than 440 financial firms have shifted thousands of jobs and £1 trillion of assets out of the UK and into the EU because of Brexit.

That’s about 10 per cent of the total assets held by the UK banking system – meaning that our banks have been decimated, according to the classical definition of the term (decimation, in army terms, was the killing of one in every ten of a group of people as a punishment for the whole group).

And worse is to follow, according to research from the New Financial think tank.

Boris Johnson’s Brexit deal didn’t cover financial services, you see. He relied on “blue sky” daydreaming that a separate deal could be reached with the EU. This dream has turned into a nightmare with the EU refusing to give ground.

7,400 jobs have moved from the UK to the EU – and are not likely to be replaced.

And the UK is set to lose much of its £26 billion annual financial trade surplus, meaning the nation’s balance of payments (the difference between profits from exports and payments for imports) is likely to slip much deeper into the red.

It’s further evidence of a bizarre Tory policy – to give all of the UK’s business assets to foreign firms and governments.

The privatisation of UK industry – begun under the Thatcher governments and continuing to this day – has taken ownership of firms away from the general public and placed it mostly in the hands of foreign organisations.

Firms run by the governments of EU countries now run most of our railways, water services, and (I seem to recall) power supplies. Now our banking services are set to atrophy.

And of course, it will be ordinary working-class UK citizens like you and This Writer who will suffer.

Businesspeople always pass the consequences of their failures down. That’s why Tories have been able to persuade so many voters that pay rises for the workers are a bad idea – the bosses would not forgo their profits to support them but would hike their prices instead.

With less cash coming into the UK via the banks, the ultra-rich parasites will be looking for new ways to suck money out of us.

The result will be the impoverishment of the UK. We will be a once-great nation destroyed by political midgets with over-inflated opinions of themselves.

Source: Banks and insurers move £1 trillion of assets out of UK due to Brexit | 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.

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


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Riley libel case: her lawyers have attacked Mike with ‘hidden assets’ claim

Mrs Mike thinks this is turning into harassment.

Today (February 16) may be the first working day since my application to appeal was lodged last Wednesday, when I don’t receive an aggravating piece of correspondence from Rachel Riley’s solicitors.

I submitted a witness statement with the appeal application, pointing out that I am far from rich, because Mark Lewis was seeking to enforce an expected decision by the High Court judge to award £27,000 in costs to his client. I am disputing this amount in my appeal as it is far too much, according to the rules by which Lewis is supposed to work.

On February 11, Lewis informed my own legal team that he believes my statement of means (as it’s known) was misleading because I had not mentioned the current position of my crowdfunding efforts; he wanted to get his hands on the cash raised by my CrowdJustice site.

In a further communication the following day, it seems Lewis expanded his interest to include cash raised by donations direct to me.

The CrowdJustice money is nothing to do with me. People donate it direct to CrowdJustice, who pass it on to my legal team, and they take cash from that fund to pay my costs as they come up. I simply don’t know how much is in that account at any time.

Donations direct to my site are passed into the CrowdJustice fund – by me – whenever there is an amount available that makes it worthwhile. The account I keep open to receive those donations contains very little cash as it is simply a conduit for money that goes elsewhere.

So I haven’t misled anybody.

I have instructed my solicitor to ask Lewis to produce any material he has that may show that my statement is inaccurate. If not, he is invited to desist from making wholly inaccurate – and serious – allegations about me.

Meanwhile, dear reader, you are invited to continue contributing to the CrowdJustice fund, in the knowledge that the cash will only be used to support my court case against Riley and will not be used to enrich her in any way. Here are the instructions:

Consider making a donation yourself, if you can afford it, via the CrowdJustice page.

Email your friends, asking them to pledge to the CrowdJustice site.

Post a link to Facebook, asking readers to pledge.

On Twitter, tweet in support, quoting the address of the appeal.

After three weeks of extreme strain, both raising funds for the appeal and dealing with its grounds – while Riley’s legal team threatened to send the bailiffs round to enforce a costs order that still hasn’t been made, I think we can all sympathise with my partner’s belief that Lewis is piling on the pressure purely to cause grief.

Mrs Mike (as she has become known on Vox Political ) is the unseen other victim of Riley’s libel case against me. She has had to endure every stage of this trumped-up and unreasonable court process with me. For a woman with long-term illnesses and disabilities, who has suffered mental illness in the past, it has not been easy.

She has been hugely supportive – and it is a bitter blow to see her becoming upset by something that amounts to nothing more than playground bullying.

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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3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

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And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
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The Livingstone Presumption is now available
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HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook