Thursday, 26 November 2009

Bank Loans

Another big story at the moment is the previously-concealed huge loans to the banks HBOS and RBS, totalling some £61 billion. Not exactly peanuts!

It appears that the only this has been divulged even now could well be because something happening next week would have brought it out into the open anyway.

Conservative MP Edward Leigh, who is the chairman of the parliamentary Public Accounts Select Committee, has written to Chancellor Alistair Darling about this, his letter being reproduced in full at the Financial Times. It makes for interesting reading.

Now, unlike what I wrote in my previous post, on this occasion it is obvious that ministers knew of this (at least the PM and Chancellor) and were deliberately keeping it secret. Edward Leigh's letter makes it abundantly clear that this was not the proper way to handle this matter for a range of very precisely stated reasons.

Leigh is no slouch, and is a very good chairman of that committee, as I have witnessed in action and watched over the years, so I think this one will run. He won't let it rest. There could be some very awkward times ahead for Darling, Brown and possibly others.

Funding Extremism Via Schools

A story I have been watching, that could become very big, concerns the government (i.e. taxpayer) financial support to two Islamic schools that are alleged to either have — or to have had in the recent past — links to known extremist groups and individuals.

The claim is that the Islamic Shakhsiyah Foundation (ISF), which runs the two schools (in Slough and Tottenham) was a "front organisation" for the oft-mentioned "hard-line" Islamic group Hizb ut-Tahrir. David Cameron stated that two of Shakhsiyah's four trustees and the head teacher and proprietor of the Slough school are members of Hizb ut-Tahrir.

David Cameron brought this up in yesterday's Prime Minister's Questions, and Shadow Schools Secretary Michael Gove had already pursued this with Ed Balls, the actual Schools Secretary. It all seems to have started from an investigative journalism exercise by that well-reputed fellow Andrew Gilligan (remember him?) who has written the Telegraph article linked below.

The PM had no answer to give, except that it "would be investigated in the greatest detail", which was not exactly very helpful…

The media coverages includes these articles:
There's a lot to go through if one wishes to get a comprehensive feel for what really lies bahind all of this; but I have my own thoughts that might help (or not, of course).

All of a sudden, in the past few days, the Labour-run local council that seemingly channelled the government funding to one of the schools is claiming that the school "no longer" has links to the individuals concerned (with the extremist group). This doesn't alter the fact that they were linked at the time of the now-controversial funding, and that in itself is far more significant than any wriggle room for the council or for Ed Balls today.

Now, although the minister has ultimate responsibility for what comes from his Department, it is likely that he would not have been aware of the situation. This is standard practice when something dodgy is going on, as seems to have been the case here. It is often done by Common Purpose placemen in pursuance of their agenda (which fits the circumstances here) and if it's a Labour government in office, they'll want to make sure that "their" minister has plausible deniability.

If it's a Conservative-run council and/or government, then for obvious reasons they aren't going to tell them either…

Therefore it is possible (though not certain) that the odious Ed Balls might not be guilty of anything himself, and perhaps was not in any position to know what was possibly being deliberately arranged behind his back as a way to indirectly finance extremists from the public purse.

Not that Balls' handling of this, nor his manner toward David Cameron in particular, could be said to be at all appropriate when dealing with a matter of such potential gravity, but I suppose that's Ed Balls for you — he never changes or matures: it's all just a party political game to him.

Of course, it might turn out that Balls was a part of this all along — which, bearing in mind the exaggerated pro-Islam anti-Christian stance and policies of the Labour government, would hardly be a huge surprise if that were to emerge one day.

For now, the story will continue to be in the news for at least another day or two, and perhaps again later if and when something of the unsullied truth is finally unearthed. At least now that the public are aware of yet another misuse of their tax money, they might just learn the lesson when they go to the polling station next year.

Vote Blue, Go Green

For some time, British Government has been trying to encourage the "greening" of people's homes through better thermal insulation and more efficient heating and power usgae (e.g. more modern light bulbs).

Despite incentives and financial support, this has been somewhat slow in making real progress, though some has been achieved which is good news. To their credit the Labour government of recent years has played its part in this — yes, by being its usual authoritarian self in some cases, but overall they have at least had the right underlying attitude and have played their part in getting the country to where it is today.

Labour's real problem is their natural inclinate to legislate and dictate rather than innovate, and perhaps it is far more appropriate for the Conservatives to take the matter of home insulation forward to the next stage, using their knowledge of how home and business economics operate, and with their preference for "carrots" rather than "sticks".

Thus we have this scheme announced by Grant Schapps that would mean no up-front costs, combined with lower fuel bills consequent upon the retro-fitted insulation (which was always an incentive in and of itself) and the cost repaid by a natural process over a period of several years.

Major retail business is interested — and M&S and Tesco ahve apparently already signed up to the scheme — and charities and utility companies are also planned to be involved. Altogether, some 25 million homes stand to benefit from this — an ambitious target indeed! Up to 70,000 new jobs could also be created to perform the retro-fits.

In the end, everybody wins.

It's such a good scheme, and so well thought out, that even Cameron-unfriendly Libertarians are starting to hail this as a stupendously good idea. All we need now is a General Election to get the Conservatives into office so that they can put this plan (and the various others they have prepared) into action…

Wednesday, 25 November 2009

Past The Tipping Point

Actually we are well past that stage, here in Britain, where more people are dependent upon State-provided income of one form or another than are providing that funding through genuine productive employment via the taxation of their income.

The ideal situation is for the former group to be much smaller than the latter group, both in terms of numbers and in particular in terms of the amounts generated and handed out.

In Britain today there are a fifth as many more being paid their incomes from the public purse than those in private sector employment, as Burning Our Money details. Note the graph from that linked page, by the way (copied here): it shows how public sector jobs were (at last) significantly reducing in number towards the end of the previous Conservative Government, and have (typically for Labour) rocketed back up during the latter Labour years, i.e. once they abandoned the inherited "good times" a couple of years down the line.

Interestingly, it appears that Alistair Darling managed to temporarily reverse the trend once he was preparing to take over from Gordon Brown as Chancellor, but that didn't last very long…

The linked page lists all of the categories paid from the public purse, from public sector employees to pensioners, and finds that there are altogether some 25,500,000 such people. Those providing income tax and suchlike number just 21,900,000.

This is an unstable and unsustainable situation, and no competent, decent or honest government would let matters remain like this. Labour, though, deliberately manufactured all of this change of proportions to the current completely unbalanced state, as I and others have documented in specific areas or in general.

As we now know about some of it, this has been done for party political gain over and above any other consideration — something of which I have been aware regarding Labour in government for many years. It is the norm for them, and seemingly always has been, though perhaps not as severely and extremely as we are seeing in our country today.

This has to end, and permanently. Our nation can never again afford to have a Leftward government under any guise. They must never, for at least the next million years, be allowed to have any power or influence here or in any other decent and respectable country.

Still In Recession

Just us, that is, among the G7 major economies, according to the third quarter of 2009 GDP figures out today, graphically presented at The Spectator. So, while Gordon Brown was busy "saving the world" (purportedly!), he completely neglected his own country…

Here are the Q3 figures (as the graph might be copyright):
  • +1·2% — Japan
  • +1·0% — Canada
  • +0·7% —Germany
  • +0·6% —Italy
  • +0·6% —USA
  • +0·3% —France
  • -0·3% —UK
To misquote Harry Enfield's L is for Labour sketch: "Red is for Labour — Red is for deficit".

Parties' Financial Support

Guido has a nice (copyright!) pie chart showing financial support for the various national political parties. This shows that the Conservatives received more than all the other parties put together (around 55% of the total).

Inevitably the Labour and other trolls in the comments thread have been trying to spin this to suit their own agenda; but in reality it is (as history has shown for many years) a very good indicator of popular support and, frankly, the desperate need to fix our nation before it is completely wrecked beyond recovery as a result of Gordon Brown's now well-known Scorched Earth policy.

The integer-rounded figures, from the Electoral Commission, are:
  • 55% — Conservatives
  • 32% — Labour
  • 9% — LibDem
  • 1% — UKIP
  • 1% — Co-operative
  • 1% — Green
  • 1% — Others
These are from the third quarter of 2009's "accepted donations", as it is put. Notice how much lower the LibDems' income is than the other two main parties, less than a sixth the Conservatives received: they are still very much at the "minor" end of "main". Labour's income is little more than half that of the Conservatives. It's all Quite Interesting, as Stephen Fry would no doubt agree…

Pan-European Police Force

Europol is set to head the sam way as the over-powerful FBI in America. Listen to Daniel Hannan's short (a minute and a half long) input on this unelected development…

Tuesday, 24 November 2009

Thatcher Portrait Unveiled at Number Ten

As reported by Channel 4…