Tag Archives: financial

Tories (allegedly) delay compensating sub-postmasters – for electoral gain?

Sub-postmasters: if Mr Staunton’s claim is correct, then the Tory government has been lying about wanting to do right by them.

The now-former chairman of Post Office Ltd has claimed the government asked him to “stall” payouts to sub-postmasters so they could “limp” into the next general election with “the lowest possible financial liability”.

The Sunday Times seemed to have the story first:

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Here’s a snippet from that story:

This Writer couldn’t find the Sunday Times piece online but this is from the GB News version of the same story:

The former chairman went on to allege that he was instructed by a senior civil servant to stall on compensation payments to the Horizon victims so that the government could “limp into the election” later this year with the lowest possible financial liability.

He told the Times: “Early on, I was told by a fairly senior person to stall on spending on compensation and on the replacement of Horizon, and to limp, in quotation marks — I did a file note on it — limp into the election.

“It was not an anti-postmaster thing, it was just straight financials.

“I didn’t ask, because I said, ‘I’m having no part of it – I’m not here to limp into the election, it’s not the right thing to do by postmasters.’ The word ‘limp’ gives you a snapshot of where they were.”

Badenoch’s department have denied the claims and referred to the conversation as “simply incorrect”.

That’s all very well.

But here’s a little lateral thinking on the subject:

That seems to be the size of it.

But I’m curious as to the meaning of this idea that the Tory government would be going into the next election with the “lowest possible financial liability”.

It isn’t as though the Tories would be paying from party funds, making them less able to campaign.

So what’s the fuss about?


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The taxman has 55 BILLION items of our data from social media spying. What about data protection?

HMRC: it’s using artificial intelligence to gather information about you. But is it gathering too much?

This does not seem right:

The taxman has been using its own data system for years to snoop on taxpayers.

HMRC holds billions of our data items, including email and bank records, as part of its system used to target taxpayers for investigations.

It has revealed that there are now 55 billion items of data relating to taxpayers in its ‘Connect’ system, which was launched to tackle the growing tax gap, according to tax investigation insurance experts PfP.

The tax gap is the difference between the tax that should be paid and the amount HMRC actually collects and last year the figure stood at £32billion.

The article goes on to say that Connect has been in use since 2010 and its database has now grown to 6,100 gigabytes of taxpayer data.

The implication is that none of the information about any of us has been discarded – and it seems to me that this is in breach of the Data Protection Act.

The fifth data protection principle states that information should not be kept longer than is required for the purpose for which it was collected.

No specific time limit is given but HM Revenue & Customs’ own guidelines suggest that six years is the reasonable limit.

That means, by its own measure, HMRC may have retained seven years’ worth of information illegally.

Source: Taxman is snooping on emails and social media – and now holds 55 BILLION items of our data on its AI system in a bid to tackle tax evasion


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Sunak’s caginess over his wife’s shares is suspicious – because of what they’ve done

Akshata Murty and her husband, UK prime minister Rishi Sunak: it is hard to believe their actions have been entirely innocent.

There’s a lot of “nothing to see here, guv” about the way the government – and Rishi Sunak in particular – has handled the controversy over it handing public money to firms in which his wife holds shares.

After it was found that Akshata Murty had shares in Koru Kids, a childcare agency set to benefit from a policy in last month’s budget, Sunak has published a new list of his own financial interests including it. It seems to have been omitted previously.

We have also heard that the government has awarded a contract to her father’s firm Infosys, in which she also has shares. This business was found to be operating in Russia after the government imposed sanctions on any commercial operation doing so, and its bosses promised to withdraw from that country after the transgression was discovered.

It was subsequently revealed that Infosys had not withdrawn from Russia immediately – but Sunak’s government gave it a contract worth a small fortune anyway.

So that’s two infringements – of government policy and Parliamentary rules – in favour of Rishi Sunak’s wife.

Before either of them, we learned that Ms Murty had avoided paying £20 million in taxes by holding non-domiciled tax status. This created a huge stink as she was understood to be living in the prime minister’s Downing Street flat with him – a tax avoider living in the heart of government.

There were calls for Sunak to be removed as prime minister over it.

But then Ms Murty agreed to give up her non-dom status and start paying the full amount of UK taxes.

That leads to the very obvious question posed in the second of the two tweets below:

“If Rishi Sunak’s wife is suddenly prepared to hand over several million to keep her husband in a £150k job… you really need to think about why this might be.”

Yes, indeed.

The logical inference from it all is that he has been using his position in that job to funnel huge amounts of cash into private firms in which his wife has an interest. Do we even know if he has declared all her shareholdings now?

Public opinion seems clear:

It is all speculation. But the facts on which it is based are irrefutable.

Akshata Murty did give up her non-dom status and agree to pay millions of pounds in tax, in order to ensure her husband stayed in his £150k-per-year job.

And Rishi Sunak’s government did hand large amounts of money to private businesses in which his wife had shares.

It’s extremely hard to see any of it as innocent.


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WASPI women win victory over Ombudsman in pension-age change row

The campaigning group Women Against State Pension Inequality (WASPI) has won an out-of-court victory in its battle to get compensation for women born in the 1950s whose pension age has been raised by government decision.

WASPI is not arguing that the pension age should not have been raised, stating that this was done by democratic government decision – but that the way the Department for Work and Pensions provided information about it meant that women were unable to make appropriate choices that they would have made if they had known earlier that their State Pension age would increase, and that this has had emotional and financial impacts on their lives.

The group is arguing for fair, fast and straightforward compensation for the emotional and financial losses – both direct losses and lost opportunities – that women have suffered.

The Parliamentary and Health Service Ombudsman has been charged with producing three reports. The first was to establish whether there was maladministration by the DWP in failing to inform affected women that they would not receive their pension when they expected to do so, and that they should make appropriate financial plans.

That report has been published and has stated that there was maladministration.

The second report was to establish whether six sample complainants had suffered any direct financial loss because of DWP maladministration, or any loss of opportunities to make different financial choices.

That report was published and stated that none of them had suffered any such losses.

WASPI argued that the Ombudsman’s reasoning was legally flawed and this would impact on decisions affecting all 1950s born women who were victims of the DWP’s maladministration and said it would bring a judicial review if he would not withdraw the Stage 2 report and think again.

A decision last week means the Ombudsman will indeed withdraw that report.

It is now considered to be legally flawed, and a court will be asked to make a quashing order (because the Ombudsman has no power to withdraw a report that has been sent to complainants and MPs).

The Ombudsman will then reconsider the question of injustice in a re-written second report that must be changed to accommodate the agreement that the original report was flawed.

When a new second report is accepted, the process will move on to a third report which will consider what remedies are necessary for the injustices done to 3.6 million women.

It must also consider whether such remedies should be given to the estates of women who have died in the time since the change to their state pension age was announced.

You can find more complete details here.

This Writer’s view is that this is not a total victory; the Ombudsman may merely seek – and find – another excuse to deny women born in the 1950s any compensation for the injustice they have suffered and campaigners need to be aware of that.

And WASPI accepts that it doesn’t speak for all women who have been disadvantaged by the pension age change. Some are campaigning for full compensation – payment of the amount of pension they would have received if the age change had not happened. WASPI does not think the government will accept such demands.

It is a step forward – but the battle for compensation is a long way from being over.


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Women in government pension trap are facing extreme financial hardship

WASPI protesters: it seems the government isn’t even bothering to engage with these ladies.

It must have been bad enough when the UK wasn’t in a Tory-created financial crisis, but now the strain on women who were born in the 1950s must be phenomenal.

These are women who weren’t properly informed that instead of retiring at the age of 60, as they expected, the government was raising the age at which they would receive a state pension to 66.

More than 200,000 women have died without receiving satisfaction from the government.

80 per cent of those affected have suffered financial hardship and 30 per cent are in debt. This could have been avoided if they had been properly informed of what was happening and its implications, according to campaigners.

One shocking aspect of this report is that the government hasn’t bothered to engage with campaigners since 2016.

Since then, the effects of Brexit, Covid-19 and the current inflation crisis have harmed millions of people across the UK – including these already-disadvantaged ladies.

But the Tory response is: can’t be bothered.

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Sunak refuses to apologise for turmoil caused by Truss

Rishi Sunak has refused to apologise for the economic turmoil Liz Truss’s government caused.

Speaking in Bali at the G20 summit, refused to apologise six times for the decisions his forerunner made, which caused severe financial turbulence that continues at the time of writing.

But he did acknowledge that “mistakes were made,” and said: “What I want to do now is fix them.”

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Sunak threatens the pensions triple lock – how can he still say he’s ‘compassionate’?

The triple lock ensuring that pensions rise by the highest of 2.5 per cent, average earnings, or inflation is in danger of being dropped by Rishi Sunak’s new Tory government.

It seems the new prime minister, whose personal wealth is greater than that of the King, is not keen to allow pensioners’ payments to rise in line with the cost of living; inflation currently stands at a 40-year high of 10.1 per cent, due to the failures of previous Tory administrations.

His press secretary has merely claimed that Sunak has a record of being “compassionate for the most vulnerable”. This Writer is not convinced that such a claim holds water.

It seems clear that the pensions triple lock – which was a Tory idea, let’s not forget – was never intended to allow payment increases of the kind being demanded now.

It was a lie intended to dupe senior citizens into thinking the Tories support them and therefore into voting Conservative at elections.

It was dropped during the Covid-19 crisis because wages, having fallen, then rose by eight per cent and Sunak refused to pay. That was a special case, though, because the triple lock did not take account of falls in wages; the rise in fact only returned wages to where they were before.

This is not a special case. The cost of living has increased enormously and richer-than-the-King Sunak is indicating that he wants pensioners to be unable to afford to pay their bills any more.

Oh – and Sunak won’t commit to raising state benefits in line with prices, either.

The decisions on these issues will come on November 17, in Chancellor Jeremy Hunt’s winter Budget that is replacing a statement that was due on Monday. Hunt has been given more than two weeks’ grace to find a way to make the situation work for pensioners and those on benefits.

Do you honestly think he’ll bother?

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New Tory economic plan delayed by more than two weeks

Jeremy Hunt: there is no urgency at all about his plan to restore the UK economy to its former glory. [image from last week when he dismantled Liz Truss’s economic plan. How long will it be until someone else has to do the same to his own?]

You didn’t really think Rishi Sunak and Jeremy Hunt were really going to make any announcement on the economy on October 31, did you?

I know the Tory leadership contest was said to be happening within a week so the statement could be made on Monday, but it seems clear now that this was just an excuse to rush Rishi Sunak into office without a proper election.

There doesn’t seem to have been an intention to bring any certainty to the lives of the UK’s more-than-68-million-strong population with any urgency at all.

What did you expect from Rishi Sunak – the MP who is richer than the King?

Jeremy Hunt has tried to sweeten the pill by saying the report, now to take place on November 17, will be a full Autumn Statement – a Budget. So he’s lazy. Rather than give an initial briefing on what the government will do – and getting on with it – then providing a full Budget, he’s combining the two and making us wait.

Pathetic.

Weak.

Treacherous.

In a statement to Parliament, Hunt said he has discussed his delay with the governor of the Bank of England, who “understands the reasons” for doing so. That’s not a declaration of support!

Hunt admitted there has been market turbulence, even in the last 24 hours: “The question is how you deal with that turbulence” and it is crucial to make sure decisions “stand the test of time”.

But a delay means market turbulence will continue. The BBC is reporting that the Pound is holding on to gains made in recent days, trading at $1.15 and a bit – just two cents up from when Liz Truss resigned last week.

Gosh. Catch me if I swoon.

It’s nothing. The Tories have deliberately – let’s not forget – presided over possibly the greatest devaluing of the UK economy in the history of our nation.

And now Jeremy Hunt and Rishi Sunak have announced that they can’t be bothered to do anything about it for more than half a month.

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Rachel Reeves destroys Liz Truss – as a sideswipe in criticising Jeremy Hunt

This is a thing to see.

Shadow Chancellor Rachel Reeves laid into the new Chancellor, Jeremy Hunt and his new austerity programme that will not help the UK in any way at all.

But this was just part of her attack; the main thrust was what should have been a sideswipe, in which she laid bare the fact of Liz Truss’s premiership – she is a prime minister who is in office, but not in power.

See for yourself. This Writer doesn’t like Reeves at all – but you can’t deny her words here:

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Jeremy Hunt’s financial statement – and Martin Lewis’s reaction [VIDEO]


New Chancellor Jeremy Hunt has made a statement reversing almost all the economic measures announced by the previous Chancellor, Kwasi Kwarteng.

Money Saving Expert Martin Lewis reacts to his words:

What do you think? How will this affect you – or have you not considered this?

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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