Gideon's Sum Book - Nought out of Ten!

Why was the figure of seven billion pounds significant last month, figures released yesterday showed the UK deficit for last month as £23.3 billion pounds, truly awful and around seven billion pounds higher than the generally agreed expectations, read here. Seven billion pounds was also the amount that Chancellor Gideon George Osborne loaned to Ireland to help our close neighbours in that sticken country the bankers facing ruin given the doomed state of the euro. Seven billion was also the rough estimate of the increased contibutions Blair gifted the EU for zero return in his doomed attempt to be EU Council President.

So much for the Coalition Government's accomplishments in spending, what about the much talked about, but never seen, cuts? Well on the first shopping day of the New Year VAT will rise by 2.5% estimated on Gideon's slate to bring in £13 billion in a full year, read here. Harriers and HMS Ark Royal are going, presumably to the huge satisfaction of all Liberal Democrats, but little else.

What should have been accomplished by the end of the Coalition's first months in power should have been something along the lines of what I spelt out at the time of the budget in April 2009, linked here, which I repeat in full as it is so basic and obvious it should not need repeating, but with the mind-boggling deficit announced yesterday perhaps its plain common sense will now be seen even by our kindergarten poltical dimwits. (Note some links may no longer work):

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Britain's Debts of Trillions requires ACTION Now!
By the time one strips out the ridiculous optimism of Demented Darling's economic growth projections, add in the IMF identified missing 140 billion pound bank bail out costs and recall that the City of London bears a large part of responsibility for the Global Recession making decent tax revenues from that source unlikely over the coming years any idiot should be able to see that action on public spending is needed TODAY.

The Times has a good budget summary linked here.

Instead of rushing to meet Brown to discuss Daily Allowances for our maggot Members of Parliament (oh what a typical move was that) the Leaders of the two opposition parties should have been demanding early action on the rising debt IMMEDIATELY.

First should come a ceiling on all salaries paid by the taxpayers from 1st May for 2 years at the national average income for the last financial year. This would of course apply across the board, Judges, Civil Servants, Ministers, MP, Doctors the whole kit and caboodle of those who feed off the corpse of a bankrupt state.

Second, as finally voiced in the Chamber of the House of Commons yesterday by John Redwood MP, the Europe Minister should be immediately sent to inform the EU Commission that the raised contributions agreed by Blair, a principal perpetrator of this disaster, can no longer be afforded by the country BUT with the added advice that Great Britain cannot afford to participate in the farce of the June EU elections to the EU Parliament, nor send any MEP to Strasbourg for the next five years at an annual cost of well over one million pounds per head for absolutely zero return.

Third, read my posts from the start of this year, linked here and here.
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Britain's Debts of Trillions requires ACTION Now!

By the time one strips out the ridiculous optimism of Demented Darling's economic growth projections, add in the IMF identified missing 140 billion pound bank bail out costs and recall that the City of London bears a large part of responsibility for the Global Recession making decent tax revenues from that source unlikely over the coming years any idiot should be able to see that action on public spending is needed TODAY.

The Times has a good budget summary linked here.

Instead of rushing to meet Brown to discuss Daily Allowances for our maggot Members of Parliament (oh what a typical move was that) the Leaders of the two opposition parties should have been demanding early action on the rising debt IMMEDIATELY.

First should come a ceiling on all salaries paid by the taxpayers from 1st May for 2 years at the national average income for the last financial year. This would of course apply across the board, Judges, Civil Servants, Ministers, MP, Doctors the whole kit and caboodle of those who feed off the corpse of a bankrupt state.

Second, as finally voiced in the Chamber of the House of Commons yesterday by John Redwood MP, the Europe Minister should be immediately sent to inform the EU Commission that the raised contributions agreed by Blair, a principal perpetrator of this disaster, can no longer be afforded by the country BUT with the added advice that Great Britain cannot afford to participate in the farce of the June EU elections to the EU Parliament, nor send any MEP to Strasbourg for the next five years at an annual cost of well over one million pounds per head for absolutely zero return.

Third, read my posts from the start of this year, linked here and here.

Is Britain's Quantatitive Easing an exit strategy from the EU?

Incompetent British Governments in succession have sold out their country to the Continentals and in the process signed up to a yearly and ever rising membership fee to a 'zero-return Club' most recently it seems has been solely to purchase ex-PM Tony Blair an aprés Lisbon Treaty EU Presidency slot.

The FT today reports that some in the ECB suspect Britain's 25 per cent devaluation of its sterling currency in the past few months might have been made to gain a competitive advantage over their EU trading rivals, read here.

My headline to this post has a much more intriguing question. Given the manipulation of the Euro/Sterling exchange rate at the end of last year (about which unsustainable costs I blogged at the time) and considering the impossibility of having the 27 member states instruct the EU Commission to drastically cut the absurd costs and waste of the EU "Could it be that the printing of huge quantities of worthless money to pay our EU bills is perhaps the only way out of what has become an economic dead end for the Country?"

My view is that the answer is probably no, for that would require some competent management and gutsy politicians, both of which are presently lacking. Our money still seems to be being trashed for absolutely nothing! Trading advantage from a devalued pound is practically worthless as our manufacturing base has been destroyed due to unbelievable mismanagement and EU membership, while consequent more steeply rising EU contributions become ever more burdensome due to the declining exchange rate which is bound to continue as the printing presses relentlessly churn. Our debts to the EU are calculated in Euros!

Those paid and pensioned by the UK State, who presently see themselves as the beneficiaries of Zimbabwe style economics, should glance at the Pension Cut announced by AON for 5000 private sector employees today and wonder whether they really wish to continue to exploit their fellow citizens in this crazy manner!

EU expense should be targeted first for economies

I just read an e-mail with surprising facts on a BBC broadcast which I missed.

It seems quite incredible that such an omission as that mentioned could have been allowed to pass especially with John Redwood on the panel. I suggest the three MP and George Osborne should be made aware of huge potential outrage if in the coming period of austerity EU expenditure (mostly wasted) is ring-fenced from economies!

From the E mail copy below you will see that the BBC Today programme this morning asked three MPs, John Redwood, Vince Cable, and Michael Meacher what areas of public expenditure they would cut to reduce our national deficit.
Amazingly, not one of these mentioned the astronomical cost of the EU to Britain!

Neither did GEORGE OSBORNE when interviewed on the same programme later.
They should not be allowed to get away with this further attempt to hide the truth about our membership of the EU - in the midst of a severe recession calling for stringent financial restraint!
As many as possible please let these "representatives" know a few home truths they need to learn.

"To The Today Team.

On your discussion this morning in consulting three MPs as to how the current debt burden could be eased, millions of listeners would be astonished to hear that not a single oone of them mentioned the astronomical costs of the "elephant in the room", namely that of our membership of the European Union. ! How grotesquely (or willfully) blind could one get?
In 2008 the UK paid no less than £55,775 Billion to the EU merely for membership of this corrupt, expensive bureaucracy for which nobody has voted in any election!.

Why did the BBC not pursue the MPs over this?

Why for example, did nobody raise the matter of the further crippling cost of EU regulation on British business, estimated between £20 - 40 Billion p.a.?
Why no mention of the scandalous waste of public money on the failed CAP and Fisheries "policies"? So we could go on.
As usual, the BBC, clearly, and presumably deliberately, avoids what is so obvious to the rest of the UK Why?