Tag Archives: economy

The idiocy of Robert Jenrick – he’s a bigger danger to the public than the young people he’s attacking

Robert ‘bent as a nine-bob note’ Jenrick: He broke housing rules to save his mate Richard Desmond £50 million; he broke lockdown rules to visit his spare homes and see his family; he voted against safety procedures for tower blocks in the wake of the Grenfell Tragedy; but he thinks young people should be blamed for increased Covid-19 infections and wants them to wash their hands.

Robert Jenrick, who is still the Conservative housing secretary despite a strong of corrupt misuses of the role, appeared on the TV news programmes today (September 8) to patronise the public about Covid-19 safety.

Reading from a script set out by Matt Hancock yesterday, he tried to claim that young people need to stick to the Tory governments rules for not spreading the virus. There is still no evidence to show that people aged 20-29 are spreading it in the same way their counterparts in Europe were found to be.

And Jenrick himself is one of those who broke his own government’s lockdown rules – twice – so he could visit his second home – a huge mansion – and visit family members staying there.

The response was strong:

Jenrick’s own claim to be acting in the name of public safety has been hotly disputed, partly because he is more interested in getting parents back to work and reviving the economy than in the safety of children at school –

If you want to know how that’s going, here are the figures:

– and especially after the man who is, remember, housing secretary helped vote down an attempt to make housing safer in the wake of the Grenfell Tragedy.

The Labour Party tried to amend the Fire Safety Bill currently going through Parliament to include recommendations of the Grenfell Inquiry’s phase one report, published last October – including the removal of flammable cladding from buildings where people live.

Shockingly, despite a government undertaking to remove this potentially fatal substance, the latest government figures released in August showed that Grenfell-style cladding had not been removed from more than 80 per cent of private sector buildings and nearly 50 per cent of social sector buildings.

Jenrick voted against the amendment, alongside the rest of his murderous Tory Party.

If any more fires happen due to this cladding, then the Tories who took part in that vote should be held responsible for any deaths.

To add hypocrisy to this injury, let’s all remember that Jenrick had the cheek to lay a wreath at the memorial wall beside Grenfell Tower for the first anniversary of the tragedy:

Of course he won’t face justice for any of his corrupt choices.

As a Tory minister, Robert Jenrick remains well above the law and the police absolutely refuse to investigate any crimes alleged against him.

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Yes, it is more ‘meal deal’ than ‘new deal’ – but Sunak’s summer statement isn’t ALL bad

Rishi Sunak: his job could be hanging on the result of this plan. Shame it has already been sabotaged by his boss Boris Johnson.

It didn’t matter what Rishi Sunak was going to say in his summer statement because Boris Johnson, Matt Hancock and the other Tories had already sabotaged it.

Sunak’s objective is to save jobs while the UK works through the post-Covid recession, but his problem is that his colleagues’ insistence on easing lockdown means the Coronavirus isn’t over yet – no matter what Johnson says.

In this nation of shopkeepers (as Napoleon had it), if we want to keep people in their jobs, we need to keep spending money into – and through – the economy. That means going out and paying for things.

But the number of new infections in the UK is high – and will remain so, while Johnson insists on helping the virus infect other people by opening pubs, schools, and whatever else he’s planning next.

That means people are going to be reluctant to resume normal patterns of social consumption.

It’s going to be difficult in the extreme to restore confidence after these Tory blunders. After schools and pubs, Johnson can claim it is our social duty to go back out and spend until he is redder in the face than the gammons he represents, but the public will only hear him telling us to go out, catch the virus and die.

That’s the second hurdle that Sunak faces; thanks to Johnson, public trust in the claims of politicians is at an all-time low, being worsened all the time by his insistence on lying whenever the mood takes him and refusing to apologise when his lies are exposed.

So the ending of the furlough scheme in October is directly counter-productive; watch the number of redundancies increase when that month comes round and try to tell me I’m wrong.

The offer of a £1,000 “jobs retention bonus” is likely to fall similarly flat. The conditions are that employees must be carrying out proper work, and be paid at least £520 per month – the lower limit of National Insurance payment – and it seems unlikely that many employers will be able to manage this.

Similarly, the VAT cut from 20 per cent to just five per cent to help out restaurants, pubs, cafes, B&Bs, hotels, theme parks and cinemas may only have limited success. Who’s going to go, if there’s a chance they’ll catch a fatal disease?

Sector-specific stimuli such as this are a good idea – don’t get me wrong – and this would work if the number of Covid infections was much lower than it is (in England, at least) – and if more people were interested in wearing face masks, perhaps (how would that work, when they’re eating food?) – but as I’ve already mentioned, Johnson has put a stop to that with his ridiculous blunderings.

And the already-infamous “meal deal” voucher, offering 50 per cent of the cost of meals for everybody eating out between Monday and Wednesday, throughout August, may go hungry for customers. Here’s the reason:

On the other hand, raising the threshold for stamp duty from £125,000 to £500,000 might conceivably be a good idea, if it stimulates construction work as people are encouraged to buy new homes.

Possibly best of all the measures laid out in the statement was a scheme to create jobs for young people, subsidising six-month work placements for people aged 16-24.

If this is used to re-skill the workforce – actually preparing the UK for future opportunities – then it has enormous merit.

But I can see employers using it as a cheap alternative to the workers they already have. Why take just £1,000 over three months to keep on your current workforce when the Tories will give you a teenager for twice as long and pay all of their costs?

So my initial verdict is that this is final proof of the Conservative government’s economic illiteracy; they really couldn’t run a p***-up in a brewery.

But it would be wrong to pre-judge a plan that hasn’t gone into practice yet.

The sad part is that this may break Sunak but Johnson will laugh it off, no matter how disastrous the result.

Source: Coronavirus: Chancellor Rishi Sunak unveils £30bn plan to save jobs – BBC News

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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

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If Eton isn’t reopening until at least September, why the hurry to bring back state schools?

Closed: and apparently Eton won’t be open to pupils until at least September.

Don’t you think it’s a bit strange?

I mean, if it was safe to reopen schools at the beginning of June, you’d think the recipients of the most expensive education in the United Kingdom would be desperate to get their noses back to the grindstone. Wouldn’t you?

And their parents – many of whom are, I’m sure, inhabiting chairs in Boris Johnson’s cabinet – would be lining up to send them.

But it seems there’s no chance of Eton (for example) reopening its doors until September at the earliest.

We know that there’s no scientific support for schools opening so soon.

We know that teachers and teaching unions are absolutely opposed to it – along with the British Medical Association:

We know that the devolved administrations of Wales, Scotland and Northern Ireland won’t be allowing it – along with some English cities whose leaders are thinking for themselves:

And protest against the Tory plan to force our children back into school, without having shown any interest in making them safe, is mounting:

So why are the Tories so hasty about getting your kids back to school where they’ll almost certainly catch Covid-19 and give it to you?

Here’s a thought:

Perhaps it’s because, as long as children are out of school, parents are divided between staying home to look after them and going to work. With the kids in school, the parents have no reason to stay away and the economy can get moving again, making money for the Tories’ billionaire donors.

It’s a stupid, stupid rationale, I know. If the kids catch Covid-19 in schools (because there won’t be any social distancing there – try telling four, five and six-year-olds they have to stay at least two metres away from anyone else), and transmit it to their parents, then the adults will be busy trying not to die, rather than working.

But then: what’s rational about the Tory response to coronavirus?

Coronavirus: have the Tories told a big lie? Do they expect HUNDREDS of THOUSANDS of DEATHS?

Did I make that headline big enough for you?

According to Byline Times, the people there have gained access to a Home Office conference call that shows the facts about Tory government policy on the coronavirus: heartless and two-faced.

It seems the government does not expect a vaccine to appear before most of the population has caught the virus – and expects around 264,000 of us to die in the long term.

This is the scientific advice behind the government’s policy on coronavirus; remember that when Dominic Raab or Boris Johnson come out to a press conference and say they’re “following scientific advice”.

So it seems the Tories want to downplay the dangers of going to work. As we’re all going to catch Covid-19 anyway, they want us to get back to servicing their economy.

We already know that Tory policy is to “flatten the curve” of coronavirus infections – ensure that the rate of infection slows to one that the NHS can manage, after years in which that party, in government, has starved it of investment in favour of giving money to profit-making firms.

But it turns out that a more accurate description is that Tory policy is simply to slow down “the rate at which we get this virus [which] has direct impact on the NHS”.

So sending us home might have more to do with preventing the NHS from having to deal with it – even if it means people die in their homes (or care homes); and it explains why vulnerable people received letters saying they would be denied treatment if they caught the disease.

The whole strategy suggests that the Tories have never shifted from the “herd immunity” nonsense spouted by Boris Johnson in early March; they want us to “take it on the chin” and if we die in a quiet corner as a result, that’s just too bad.

And it seems that, while we wait for a vaccine that may be a long time coming, we will experience several peaks in infections, each increasing the aggregate number of deaths.

These assumptions are supported by a lot of bad science.

First, it was claimed that the coronavirus cannot survive more than 48 hours on hard surfaces and clothing; in fact survive on hard, shiny surfaces like plastic and steel for up to 72 hours, up to four days on glass and paper money, and as much as seven days on the outside of a surgical mask. Suggestions of a shorter lifespan are begging for people to be infected.

It was also suggested that the coronavirus is uniformly spread across the country, and that this is the reason it is not possible to stop it spreading – but without mass community testing it is impossible to make that claim.

Statements in support of people going to work are contradictory in the extreme.

People who go to work while a vulnerable person is at home are said to be protecting that person because they don’t have to leave the house – but then if the worker catches Covid-19 their housemate is likely to die of it.

So a person going out to work must put a vulnerable person in their household at higher risk!

Going to work is justified because it would keep the economy moving – and said to be equivalent in risk to staying at home or shopping, again on the grounds that we are all doomed to get the virus.

“It’s perfectly okay to carry on in your business” is the claim – made only, it seems, to support the economy rather than to support workers’ safety.

In other words, it seems to be Tory policy for people to put themselves at risk of contracting Covid-19, in order to keep money flowing into the hands of the already-rich. If true: despicable.

Source: COVID-19 SPECIAL INVESTIGATION: Leaked Home Office Call Reveals Government wants Economy to ‘Continue Running’ as ‘We Will All Get’ COVID-19 Anyway – Byline Times

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Raise taxes on the rich, voters tell Johnson. They’ll be disappointed – it was never in his manifesto

Voter confusion: a survey has shown that voters’ policy preferences indicate they should have put Labour in power, not the Tories.

The Independent reckons Boris Johnson is facing a dilemma after a survey found voters who gave him his election landslide want him to raise taxes on the rich.

There’s just one problem:

That was never a Conservative manifesto promise so he’s under no obligation to do anything of the sort.

Did these people not realise that they were voting for the promises the Tories put in their manifesto?

Voters have never had the right to make demands on a government after putting it in power.

And I know it must seem unfair, considering governments very rarely act according to their manifestos. Theresa May’s 2017 manifesto was obsolete almost before it was published.

And in Johnson’s case, the dilemma isn’t even “Does he deliver for Conservative voters or business leaders?” as the news website claims.

Johnson will deliver for himself, as always. If anybody else profits, that’ll be their good fortune.

But the survey does make one thing very clear.

Voters who want government intervention in the economy, tax rises for the wealthy and spending on public services made a mistake voting Tory.

Those were Labour policies.

Source: People who voted for Boris Johnson want government to raise taxes on the rich, survey finds | The Independent

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Johnson caught lying about economic growth in Prime Minister’s Questions

Boris Johnson: He’s all ‘blood and thunder’ in Parliament but analyse what he says and it turns out to be ‘bull**** and bluster’ instead.

I was going to ask why Boris Johnson keeps making false claims like this in Parliament.

But I can already answer that question:

Because he knows he will always get away with it.

That’s what happens when you have compliant – indeed, supine – Tory-loving mass media reporting your behaviour; the lies are ignored.

Did I say lies? Yes, I think they were.

His claim was that the UK economy has grown by 73 per cent under the Conservative government, and this was a lie.

I’m sure he knew that the date from which 73 per cent growth can be claimed is 1990, and that it was achieved under both Conservative and (New) Labour governments. But he didn’t say that.

The current Tory government – in office since 2010 – has achieved economic growth of just 20 per cent.

Worse than the lie is the fact that, due to Tory policies enacted since 2010 (with the help of the Liberal Democrats and the Democratic Unionists at different times, let’s not forget), the benefits of economic growth since that year have been restricted to the very rich.

Wage and benefit increases for the very poor have been frozen or cut, plunging millions of people – including and especially children – into poverty.

So-called ‘Victorian’ diseases linked with lack of money have also returned.

And the death toll among people who have seen their benefits restricted or cut off – most probably because the Department for Work and Pensions has altered their claim and lied about it – has been enormous.

But very few people know about that because the Tories don’t monitor the deaths properly and never provide reports.

And then there’s the matter of public debt:

Yes indeed, Mr Johnson – if you’re going to crow about economic growth, what have you done with the money? You’ll be pleading poverty, the instant anybody says it is needed to shore up a service you have cut.

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Universal Credit isn’t just harming people – it is damaging the entire UK economy

Oldham was named as the most deprived town in England in 2016.

That was three years after the town volunteered – yes, volunteered – to pilot Universal Credit, the Tory government’s flagship benefit that was touted as a huge improvement on the ‘legacy’ benefits it replaced.

And what has happened in the years since then?

Well, UC pays housing benefit direct to claimants, rather than to Housing Associations – meaning that one such organisation lost £400,000 in rent during the first year of the benefit; money it will never recoup.

Currently, 41 per cent of its tenants on UC are in arrears – that’s 1,398 out of 3,402.  Another 2,450 are yet to make the move.

But the problem isn’t with tenants withholding the money; it’s with them struggling with the Kafkaesque application process and having to wait five weeks before their first payment.

In the last year, the housing association has referred 199 people to food banks.

That’s not what happens to people who are receiving enough money but using it wrongly; it’s what happens to people who are being deliberately starved.

Claimants like ‘Barbara’, who has to look after an autistic son and has anxiety and depression, including suicidal thoughts, have faced delay after delay in a process that should be straightforward but seems to have been deliberately complicated by the Department for Work and Pensions.

Now she is £5,000 in debt because the pittance UC provides her simply doesn’t cover basic living costs.

And some people are going undetected by organisations trying to help. While they seem to be coping on paper – by paying their rent on time – they are going without heat, light or food.

Even people who are in work are penalised by the system. One couple, after going self-employed and coping on UC for a year, then discovered that their future payments would be based on a notional figure of what they should be earning, plucked from the air.

In short, their UC payments halved and they were left struggling to cope. Reluctantly, they were forced to close down the business.

So this revolution in the benefits system has not only caused extreme hardship to its claimants, but there have been knock-on effects on the businesses they try to run and the organisations they rely on.

It is already causing serious harm, not just to the poor but to the economy of the United Kingdom. And the Tories want you to think it’s a huge success. Insanity.

Source: Oldham Piloted Universal Credit 7 Years Ago. Here’s The Grim Reality Of What Happened Since. | HuffPost UK

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Four years of Brexit is costing more than 47 of EU membership. It is economic insanity

When life imitates satire: This mock “Brexit 50p” is now eerily indicative of what the UK has done to itself.

How is this good for the UK?

By the time the transition period ends in December this year, Brexit will have cost the UK more than £200 billion in lost economic growth.

That’s almost as much as the £215 billion the UK will have contributed to the EU in the 47 years of its membership (inflation-adjusted).

The UK economy is three per cent smaller than it would have been if a majority of voters had not decided to leave the EU in the referendum.

That’s equivalent to a three-year-long recession.

But racists, jingoists and fantasists love it.

And they will ignore the inconvenient facts until the day they die.

Brexit will have cost the UK more than £200 billion in lost economic growth by the end of this year – a figure which almost eclipses the total amount the UK will have paid towards the EU budget over the past 47 years.

The cost of the UK’s vote to leave has already reached £130 billion, with a further £70 billion likely to be added by the end of 2020.

Business uncertainty has caused the UK’s economic growth to lag behind that of other G7 countries since the 2016 vote.

That means the British economy is now 3% smaller than it would have been if the UK had not voted to leave the EU.

Figures from the House of Commons library put the UK’s total projected contribution towards the EU budget between 1973 and 2020 at £215 billion after adjusting for inflation.

Source: Brexit will soon have cost the UK more than all of its payments to the EU over the last 47 years put together

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140,000 retail jobs lost in worst year for quarter of a century. That’s Tory government for you

Pretty soon, high street shopfronts will be no use as anything other than sheltering spots for homeless people.

So much for the party of business.

Guess what I’m going to say?

That’s right: 14 million Tories voted to flush our shops down the sewer.

Let’s sit back and watch…

… as Boris Johnson does nothing about it apart from talk out of his clacker.

More than 140,000 jobs on UK high streets have been axed in the past year, new figures suggest.

2019 has proved the worst year for high street employment levels in a quarter of a century, according to a report by the the Centre for Retail Research (CRR).

More than 16,000 stores shut their doors for good over the course of the year, the new data shows.

The CRR said job losses had leapt by more than a fifth over the past 12 months compared to the previous year.

It warned the year ahead could see an even more dire outlook for traditional retail stores and jobs.

The majority of job losses, around 78,600, came as part of store closures by retailers cutting costs, as the growth of online shopping and high fixed costs of bricks-and-mortar stores took a heavy toll.

Source: 140,000 retail jobs lost in worst year for quarter of a century

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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