Tag Archive | "crisis"

Labour: Butter or Canons?

Megalomania will not help the economy and after all we face the old dilemma: butter or canons? We should start investing in agriculture and manufacturing that could employ the rising number of unqualified unemployed individuals, many of whom have been almost permanently unemployed.

Instead the Government is announcing big projects all paid with tax monies that will be nothing else but a temporary and expensive and unrealistic solution as public borrowing hits new records. Lowering the price of food products should be the number one priority. Instead our governent plans to build metal structures that will end up on the scrap pile at a time when more and more people are falling below the poverty line and malnutrition is spreading.

Posted in Economy, FeaturedComments (0)

Labour wakes up on immigration?

None other than Phil Woolas, Labour’s Immigration Minister, joins Frank Field, denouncing that flood immigration is creating havoc in the United Kingdom and in particular in England where most of immigrants settle down. Mr. Woolas publicly declared that ‘Labour will not allow the population of the United Kingdom to go beyond 70 million.

I wonder how is the Labour government – or any of the so called mainstream political parties – going to stop a demographic cataclism from happening. Is Labour talking about mass deportation or is it just another piece of spin to calm down voters as Trade Unions become increasingly concerned as their numbers join the queues of unemployment.

As the economic crisis bites harder and harder, Labour senses that its ideological position regarding immigration is turning into a poison chalice. We await with expectation May 2009 when the next Budget is supposed to be delivered and tax payers, once again, will be confronted with rising taxes, rising debt and the almost certainty of budget cuts in the public sector.

But we shouldn’t wait too long to see what is on the horizon. As Christmas Time approaches we all know that poor sales will be for many businesses big and small a catastrophe leading to massive lay-offs. Already the official number of unemployed has gone beyond the mark of 1.73 million, an increase of more than 164,000 people out of work in just a few weeks, and many analysts have indicated that by the end of the year the number of people out of work would have gone beyond the 2 million mark.

Much of the tax revenues come from the so called services sector and this includes the banking sector. So when the Chancellor of the Exchequer calculated the figures involved in the planning of the budget he did not foresee that the economy would become stagnant and that the Treasury would invest hundreds of billions of pounds to rescue failing financial institutions.

The Chancellor of the Exchequer did not foresee either that Central Government would have to rescue more than 108 local authorities that have deposits in now defunct Icelandic banks, in spite of the fact that many local authorities say that they had ‘contingency funds’ that would help them cope with short-term cash problems. Unfortunately, cash problems are far from being short term problems and the hopes of avoiding drastic Council Tax rises right before the European and  Council Elections seem to be fading away.

The Government is desperately trying to put pressure on oil companies to reduce fuel prices that could lead to a reduction of utility bills – electricity, gas and water – but this also means that tax receipts would also fall at a time when the welfare system is under enormous pressure to cope with rising unemployment.

The damage the Labour government has caused with flood immigration during more than eleven years cannot be easily undone and extremely unsavoury immigration policies would have to be implemented. Unfortunately, there is no short-term solution and millions of British families are already living below the poverty line. Official figures indicate that in more than 15% of British families there are no working adults and that they all depend on welfare payments to survive.

The number of repossessions is rising very rapidly and once again according to official figures more than 300,000 families cannot afford their mortgage payments. Many thousands, desperate to find a way out, sold their homes to loan sharks that duped them with false promises involving cheap rental agreements that suddenly turned sour and evictions followed.

The words of Gordon Brown promising just a few months ago ‘hundreds of thousands of jobs for British workers’ ring in my ears. The recent speech of David Cameron - today’s Leader of the Opposition – saying that the Labour government had got things wrong sounds like a bit of an under-statement.

The present nightmare was absolutely predictable, but the so called politically correct politicians chose to put under the carpet the tell-tale signs of a crisis that was bound to happen sooner than later.

Posted in Featured, ImmigrationComments (3)

The worst crisis in 60 years?

The word here is sustainability and Alistair Darling has plainly and candidly said that the so called quality of life based on rising debt because of Labour’s mismanagement is blatantly unsustainable.

From Labour’s myths like ‘the economy is on safe hands’ to the realities of today there has been one shock after another. Labour has little to offer and all it has done, again and again, is to accept the fait accompli.

But beware. Both the Conservative Party and the Lib Dems have been very quiet about what is on offer to put the economy back on track. They want to defeat Labour in the polls and in fact the Conservatives are taking almost for granted that they will win the next General Election and so they might, but what then?

At local level and coming back to London, the idea of converting Local Authorities into mortgage lenders. What is more, there is talk about Local Authorities buying properties that are about to be repossessed. With what money? How do they plan to acquire the said resources? Are we going to see once again Local Authorities crushed by the burden of debt and having to cut local services or are we going to see taxation levels sky-rocketting?

What happens at national level also happens at local level. If we want to spend, the monies must come from somewhere and this is something that they are not talking about acting like a hunter that waits until the last second to strike its victim.

Posted in PoliticsComments (1)

Political Sea Change

I usually write about issues linked to London, but this time I have chosen a subject that will undoubtedly affect London and beyond and it has to do with the outcome of the elections yesterday in Scotland that means that the Labour Party has lost its third safest Parliamentary Seat.

In this political sea change, the SNP carried the day and the Conservatives occupied just a very poor third place just before the Lib Dems that are seen as a appendix of the Labour Party. The United Kingdom is changing and is changing fast.

Hardly any of the so called mainstream political parties are national parties. The Conservatives were practically erased in Scotland and Wales and they have only made some advances in England, Labour and Lib Dems seem to be on their way out in what used to be their footholds.

Things are changing very fast and there is now a political vacuum that needs to be filled up and as other minority parties are melting away, there is a growing need for the British National Party. So without playing our own drums or blowing our own trumpets, we know that we are very much in step with what more and more people think.

Even if you are not a member or a supporter of the British National Party, you are now accepting that what we are saying is absolutely right and you know that the financial uncertainties or the crime waves of today are not a passing cloud.

Every rational person – whatever his or her political allegiance – knows that we need to start working as a country and that in order to start working as a country we need to have jobs in Britain and that Globalisation is merely a very poor excuse to justify the present state of disarray of the British economy.

High levels of private debt are not going to go away unless we offer people real incomes and we will not be able to offer real incomes if we do not stop immigration altogether. Immigration is bleeding the resources of this country. Any good doctor in any emergency service will tell you that the best way to try and stabilize a patient who is losing blood is to stop the bleeding.

Once we stop the bleeding, we can then try and solve very urgent national problems regarding healthcare, housing, education and transport. If we do not stop the bleeding, whatever problems we already have will get increasingly worse. I mention just a few problem areas, but I am sure you know the whole picture.

Posted in BNP, Education, Immigration, PoliticsComments (4)

Much more than crunch

Finally, what many foresaw happened when the Head of the Bank of England sent a letter to the Chancellor of the Exchequer. Inflation has gone beyond the limits set up by the Government and was today at 3.3 per cent and stark warnings came indicating that it would be at least 4 per cent by Christmas time.

In an empty gesture, salary increases for Members of Parliament have been frozen. Businesses all over the land were begging the Bank of England to stick to the present basic interest rate. Otherwise, increases of basic interest rates would terminate whatever consumer confidence is left in the markets and this would inevitably lead to mass unemployment.

This is happening in London and elsewhere there are even harsher realities. Villages without even a post office, without shops, without banks and practically cut off from the rest of the country without practically any public transport are now becoming the norm and not the exception.

Like a plague of locusts, New Labour with its mass immigration, its globalisation approach and the belief that we can have an economy merely based on credit and massive debts, is destroying Britain.

Posted in Immigration, PoliticsComments (1)


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