Tag Archives: share

Rees-Mogg firm sold shares in Russian bank. Did it have insider knowledge?

Jacob Rees-Mogg: He doesn’t have a moustache to twirl villainously, so he had to adjust his glasses instead.

Isn’t this interesting? (And by “interesting” I mean deeply questionable and disturbing.)

Jacob Rees-Mogg is a partner in a company – Somerset Capital Management – that was criticised for investing £60 million in Russia’s biggest bank, Sberbank, after he called on then-UK prime minister Theresa May to impose tougher economic sanctions against Russia in the wake of the poisoning of Sergei and Yulia Skripal, back in 2018.

Sberbank had been under European Union sanctions since the Russian invasion of the Crimea in 2014.

But the investment seemed a good one at the time. In March 2018 its London-listed shares were understood to be worth four times what they had been worth in May 2015.

But then, 23 days ago – as the Russia-Ukraine crisis started to gain heat – Rees-Mogg’s firm sold its last shares in the bank, netting £44.5 million:

Rees-Mogg himself is not involved in SCM investment decisions – but he does receive money that the company earns from its investments.

And he has been criticised for maintaining shares in the bank while being involved in UK government policy decisions about Russia and its president, Vladimir Putin.

The fact that he was involved in these debates makes the company’s decision to divest itself of these shares… questionable, if not downright suspicious.

The value of the bank’s shares, we’re told, has halved since SCM sold what it had.

It might all have been above-board. Rees-Mogg may have had nothing to do with the decision to sell.

But we will never know. And that’s what makes this suspicious.

There is a clear conflict of interest that has gone undeclared, unremarked, and ignored.

As part of the most corrupt UK government in living memory – if not in history – we all think he’s entirely capable of passing on information from policy meetings for the purpose of his own enrichment.

And that undermines trust in the UK government and its decisions – as a whole. We cannot safely assume that our leaders’ choices are made solely in the national interest because we have reason to believe that they are acting for themselves.

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The Tories like putting messages on the sides of a bus. But is this one too close to the facts?

Sulk all you like, Boris: it was your idea to put slogans on the sides of a bus – although I doubt you’ll say this kind of imitation is any form of flattery.

Hat tip to whoever created this image and put it on Twitter.

If you’ve been isolating yourself from the news lately, it refers to this story.

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Met police want to stop social media sharing of rogue police cracking heads

Police violence: it seems our law guardians are upset at being filmed attacking members of the public, with the images subsequently going on social media. Simple solution: don’t commit violent attacks on members of the public.

Apparently breaking the heads of members of the public isn’t such fun when you can be identified and shamed on the social media.

Of course that’s not what the Metropolitan Police Federation is saying. Its spokespeople call it “trial by social media” and say it should be banned.

They would, wouldn’t they?

They’re justifying their demand by pointing to verdicts of investigations into police conduct that have resulted in no action being taken.

But doesn’t that just raise questions about the way the police are policed?

Doesn’t it give us cause to question what police need to do before they are penalised for the outrageous behaviour they have been caught doing on camera?

This Writer has seen a woman being punched in the face by a policeman, her head snapping back almost into the camera taking the footage.

We all saw the police men practically stripping a female protester at a demonstration in Manchester. Why were they doing that and when will they be punished for it?

We’ve all seen footage of police harassing people from ethnic minorities, for no readily-apparent reason.

The MetFed wants those videos to be banned – and I don’t think it’s because there is no case to be answered.

I think it is because the MetFed doesn’t want to be embarrassed by the behaviour of its own people.

And what about this:

Two good points, don’t you think? For clarity, they are:

1. If nobody had taken footage of George Floyd being throttled under the knee of a US police officer, nothing would have been done about it.

2. It is hypocritical of the MetFed to complain about the sharing of images that shame the police when its own officers have shared images of them behaving inappropriately (to say the least) with the dead bodies of members of the public.

If the police did not behave inappropriately; if they weren’t prone to violence against the public they are meant to protect; and if we didn’t have reason to believe the system was corruptly supporting them, then nobody would be recording these images – they simply would not happen.

So, before these people demand what are frankly fascist measures to stop us from holding them to account – and remember, they can still record us (although I understand footage from cop cameras is likely to be restricted due to failings in policing by the officers involved) – it seems clear they should try cleaning up their act instead.

But I suppose that would take all the fun out of it.

Source: Met Fed calls on chiefs to end trial by media after IOPC verdict | UK Police News – Police Oracle

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Brexit: Amsterdam overtakes London as Europe’s top share trading centre

Duper’s delight: Admittedly it was Andrea Leadsom, not Boris Johnson, who gave us the soft soap about Brexit leading us into “sunlit uplands” – but he was the figurehead for it. Surely he must have known it was a lie?

Didn’t the Brexiteers say this could never happen and that London would remain the financial centre of Europe (if not the world) no matter what?

Average daily trading halved from €17.5bn to €8.6bn last month, according to data released by the CBOE exchange – while trade in the Dutch capital surged from €2.6bn to €9.2bn as exchanges shifted order books abroad after Brexit.

It has happened because Britain failed to gain equivalence with the EU or strike a comprehensive trade deal covering financial services, meaning exchange operators such as the CBOE and Turquoise had to move their order books abroad by January this year.

The actual impact is small:

The change can be compared to moving a computer that processes online store orders from one city to another. While the computer has moved, all of its customers and suppliers are still in the same place. Likewise, while share trading has shifted, most of the traders, brokers and asset managers are still in London.

But the symbolic impact is huge.

Brexit is stripping the UK of its established place in the world. Thanks to Tories like Boris Johnson, the country is losing all of the power and prestige that ordinary people worked so hard to give our rich bosses.

In fairness, this decline may ultimately be good for us.

It might finally give apathetic Brits the kick up the backside they need to end the rule of the overprivileged few, introduce a fairer system that rewards those who actually contribute, and earn a return to the top.

But I won’t hold my breath waiting for it.

Source: Amsterdam overtakes London as Europe’s top share trading centre | Financial sector | The Guardian

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Covid-19: Tories admit their own incompetence as ‘test and trace’ app is unlawful

Matt Hancock: he was a Covid-19 super-spreader so it should be no surprise that his employees on the ‘track and trace’ programme have been publicising patients’ confidential information. It is a criminal offence and he should be punished by a judge. What do you think will happen?

Isn’t this criminal stupidity?

The Tories have been telling us their ‘test and trace’ app for finding people who’ve had Covid-19, in order to isolate those they’ve contacted, is vital to prevent the spread of the disease – and therefore stop unnecessary deaths.

But now we learn that it breaches privacy laws, with Sky News reporting that the programme’s staff have been sharing private information about patients on the social media.

What a Hobson’s Choice we’ve had – refuse to use the app and Tory twits like Matt Hancock accuse us of betraying the campaign against the virus; but if we do use it, our intimate personal information goes public!

It turns out that critics of the scheme, the Open Rights Group, were right and the government did not conduct a data privacy impact assessment (DPIA) which is required to ensure that breaches of patients’ information don’t take place.

But a spokesperson for the Department of Health and Social Care said there was “no evidence of data being used unlawfully” – and then clammed up when asked if a Sunday Times report that this is exactly what has happened was accurate.

The Open Rights Group reckons it has already seen evidence of confidential track and trace information being shared on social media – and This Writer is certainly more inclined to believe that organisation than a government that has built up a record of relentless incompetence.

Can anybody tell me a single thing the Tories have got right since December 13, 2019?

Of course, breach of Data Protection laws is a criminal offence and the person directly responsible for this one will be the Secretary of State for Health and Social Care, one Matt Hancock.

How lucky he must feel, knowing that as a Tory minister he is above the law and the police wouldn’t touch him even if he committee murder on television.

Source: Coronavirus: Government admits its Test and Trace programme is unlawful | Science & Tech News | Sky News

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Struggling food banks move towards home deliveries. Why not deliver government packages?

Food bank: they’re struggling in the coronavirus crisis, and diversifying into home delivery. Why not link up with the government, which is doing the same?

Duplication is a waste of effort.

But it seems both the government and the food bank network are arranging deliveries to people who have become vulnerable, including because of the coronavirus crisis.

Why don’t they just work together?

Many [food banks] are attempting to switch gears and move into the home delivery of emergency food packages.

Food banks across the UK are struggling to stay open as the coronavirus outbreak continues to cause a sharp decline in volunteers and a shortage of food donations.

It comes as a new survey revealed the scale of the hunger crisis facing Britain. Some 1.5 million people reported not eating for a whole day during the first three weeks of lockdown, according to a YouGov poll for The Food Foundation.

[In the new system,] drivers deliver to people struggling with job losses, cuts in income or difficultly getting outside for health reasons.

Source: Help the Hungry: Food banks move towards home deliveries amid struggle to keep doors open | The Independent

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‘Degrading and humiliating’ – why do police treat disabled people so badly?

Targeted: Is the Met police’s ill-treatment of disabled people part of an overarching policy of discrimination against them?

The Metropolitan Police has been accused of “degrading and humiliating” treatment of people with disabilities who took part in the Extinction Rebellion protests in London.

In isolation, this would be bad enough – but it is just the latest in a series of incidents targeting disabled protesters, by forces across the UK.

Now the Met’s independent advisory group says the bullying that took place may have caused “irreparable damage” to relations with disabled people.

Stop and think about that. This isn’t just a public relations problem – it’s a disaster for the police: “irreparable damage.”

According to The Guardian, advisory group chair Anne Novis said everybody in that organisation – all of them – were on the point of resigning because of the stories they were hearing from disabled people.

This is entirely understandable. The claim is that people with disabilities were deliberately and aggressively targeted by police.

Here’s an example of what police were doing: When a disabled protester outside Scotland Yard needed a carer to adjust her supplemental oxygen and provide other medicine, police arrested both on the grounds that they were an illegal assembly.

They had been there to protest after police had confiscated independent living equipment including wheelchairs, disability ramps, noise-cancelling headphones, specially adapted toilets and other items intended to make protest sites accessible to disabled people.

Another incident saw a blind protester released without his cane. And left to get home without any help at all.

Legal observers for Extinction Rebellion said they had expected violence by police – but had not reckoned on it being almost exclusively directed at disabled people in what appeared to be a “deliberate intimidation tactic”.

The Met has claimed that it does not single out any minority group or community – but this is unpersuasive in the light of the mountain of evidence against it.

And it seems part of a nationwide policy to target the disabled. Remember when anti-fracking protesters in Lancashire were targeted by police?

Those people then faced a secondary attack from the Department for Work and Pensions, who claimed that they did not deserve sickness and/or disability benefits because they were well enough to take part in a protest. Remember that?

We discovered then that the police had an agreement to share information on protesters with the DWP, precisely to help that government department unfairly strip disabled people of their benefits.

Loss of state benefits – for a disabled person – has led to starvation, the worsening of their condition through lack of medication, and – in some cases – suicide.

It may be considered an attempt to pass a death sentence on them, simply for daring to protest against something that is wrong.

Has the Met passed the details of the disabled XR protesters to the DWP, in the hope of forcing them into that fate?

I don’t know. But I feel sure we will find out.

Let us hope that we do so before it is too late.

Source: Met police accused of ‘degrading’ treatment of disabled XR activists | UK news | The Guardian

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Latest phase of Tory ‘hostile environment’ would force charities to help deport people sleeping rough

The Conservative government has been caught trying to persecute foreigners and some of the UK’s most vulnerable people – yet again.

The scandal centres once again on the Home Office, which has been trying to pressgang homelessness charities into becoming border guards.

The plan – euphemistically titled the Rough Sleeper Support Service (RSSS) – is to get charity outreach workers to pass on the personal details of homeless people to the Home Office where, if they were found to be from foreign countries, enforcement officers would deport them.

The scheme deliberately ignores data protection and privacy laws by demanding that personal information be passed to the Home Office regardless of whether the subject gives their consent.

This breach of national and international law was imposed to make it easier to deport people. A Home Office email stated that this would be harder if individuals were allowed to withdraw consent for their information to be used in this way, as would be permitted legally.

There has been pushback from charities who have refused to agree a data-sharing deal – that breaks the law – with the Home Office and local authorities.

This Writer wonders whether charities were also being gagged with non-disclosure agreements foisted on them by the Home Office – a Conservative government trick we have encountered before.

It seems odd that the first time this atrocity came to public attention was after the human rights charity Liberty received answers to a Freedom of Information request.

And Liberty was not pleased. According to the charity’s Gracie Bradley:

“It’s disgraceful that the Home Office, local authorities, and charities are attempting to turn trusted homelessness outreach workers into border guards. Homelessness charities must refuse complicity in the hostile environment.

Bradley said referrals will likely result in immigration enforcement action.

She said ministers should be concentrating on combating the root causes of homelessness rather than targeting rough sleepers. “Consent and data protection should also be at the heart of our interactions with public institutions,” she added.

[A] Public Interest Law Centre spokesman added: “Despite its name, the new RSSS offers no ‘support’ to homeless migrants living in the UK. It is a ‘hostile environment’ measure in all but name.”

Shockingly, the Tories have been unrepentant, now that their plan has been revealed.

A Home Office spokesman actually told the Guardian: “This enables individuals to access support or assists them in leaving the UK where appropriate.”

Assists them? They can only be assisted to leave the UK if they have been asked whether they want to – and it seems perfectly clear that the Home Office does not intend to seek any such permissions.

This is yet another atrocity from the home of the “hostile environment” and Home Secretary Sajid Javid should be hauled before Parliament to explain his department’s flagrant abuse of the law.

If he fails to account for his department’s actions, then we will have yet more proof of the Conservative Party’s prejudice against anybody who isn’t rich and privileged.

Source: Secret plan to use charities to help deport rough sleepers | Politics | The Guardian

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Outcry against ‘settled status’ registration scheme for EU citizens is rising

Dr J Gorski-Mescir tweeted that this was “the last time my family qualified for registration and ‘settled status'”. I hope the reference is not lost on you.

The image above is a mild response to the Conservative government’s racist demand that foreign nationals from EU countries submit to a registration scheme in which their details may be passed on to third parties for reasons unknown, and pay to become a persecuted minority.

I have already referred to the work of Professor Tanja Bueltmann in revealing what this scheme actually means for people who have enjoyed the right to live and work in this country for many decades – many since before the UK joined the EU in the first place. Here’s another video clip, with further information:

The following thread by James Chapman raises extremely important questions about whether the new scheme even abides by current UK law:

He also asks: “10. (one more, a bit leftfield, that just occurred to me) Has Govt taken advice on whether UK citizens who actively want to apply for EU settled status would have any sort of legal claim that refusing them would be discriminatory?”

Mr Chapman’s remark about the lack of media interest (barring a few honourable exceptions) produces one very interesting such exception: The Sun. That’s right – even the most rabid of the right-wing rags has attacked the “settled status” scheme as “sinister”, saying “there is a difference between ensuring control of our borders and straightforward hostility” and warning about the tone struck by “the silent threat of imminent deportation”.

https://twitter.com/jamesrbuk/status/1078956903735148544

Of course, some have tried to defend the scheme – such as Conservative MP Chris Philp. His argument turned out to be child’s play to refute:

Meanwhile, the following two tweets demonstrate the reality for people who, until Brexit, had every right to believe they would be allowed to go on living in the country of their choice, unmolested, until the end of their natural lives:

And some have resorted to satire. Here’s TV comic Jon Richardson:

Going back to Professor Bueltmann’s video clip, it stated that the “settled status” scheme shows ‘Leave’ campaigners were lying when they promised that EU citizens in the UK would be allowed to carry on living in the UK, unmolested.

It’s just one of many broken promises. In the clip below, former EU commissioner Viviane Reding lists just some of the main points:

https://twitter.com/BrexitRaab/status/1078948973749116928

Somehow, though, I doubt that the fact we’re all being shafted, not just those of us having to apply for “settled status”, will be any comfort at all.

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What’s the REAL motive behind the Tories’ racist ‘EU Settlement Scheme’?

Oh yes you are: The Conservative government could have granted EU citizens in the UK a continuation of all the rights they enjoy now but it didn’t. Now they face a future of persecution by the most overtly racist administration the UK has had in decades.

The UK’s Conservative government is creating a central register for one minority in the UK – EU citizens – holding data it can share freely and in secret with undisclosed private and public organisation in the UK and across the world. Why?

Bear in mind that the current Tory administration is well-known as a persecutor of minorities. Consider its treatment of the Windrush generation, of people with disabilities, and of those with long-term illnesses.

I’ve already explored the basics of this horrible idea.

Here’s the3million Twitter account – the largest grassroots organisation of EU27 citizens in the UK, campaigning to protect citizens’ rights – to explain the rest:

The thread concludes: “In summary, the UK Govt is creating a central register just for one minority in the UK, EU citizens, holding data it can share freely & in secret with undisclosed private & public organisation in the UK & across the world. This is truly shocking. /end https://www.whatdotheyknow.com/request/settled_status_app_data_privacy#outgoing-838331 …

Professor Tanja Bueltmann has made a video clip explaining the implications:

In response to the latest revelations, she has added: “This is a *much bigger* scandal than the Home Office clip about settled status. Make sure you read this. Herein also lies to answer to a question many have asked me about what you can do to help: support @The3Million! One direct route to do so is here.

The link encourages you to become an “EU Citizens Champion”, donating funds to support the campaign for a legal immigration status that will protect all EU citizens and their families after Brexit and for the rest of their lives.

And if you need another incentive to visit the page and donate, consider this:

Will you really stand aside and let the Tories launch another Windrush scandal? Are you really the kind of person who’ll let a criminal government persecute anyone else, until there’s nobody left to help when they come for you?

I don’t think so.

Please prove me right.

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Buy Vox Political books so we can continue
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The Livingstone Presumption is now available
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Health Warning: Government! is now available
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The first collection, Strong Words and Hard Times,
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