Articles tagged with 'money'
Lambs for the slaughter?
I wish to examine the curious case of the possible resignation of Mr Norman Lamb. Many people will not have known until the last couple of days the importance of Mr Lamb. He is a trusted adviser to the Deputy Prime Minister. He is a Lib Dem NHS expert, [...]
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The state of the economy
The week-end press had started to wake up to the private sector squeeze which we have been talking about on this website for the last year, the squeeze which was even heralded by the Bank of England itself. The high rate of inflation coupled with a low rate of wage [...]
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Banking on Vickers
On Monday 11th April we will hear or read the preliminary conclusions of the Vickers Report into banking. A lot is riding on a successful outcome to this important Inquiry.
Politically John Vickers has to say enough to persuade people he understands the anger many feel about the conduct [...]
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Bailouts, Balls and word play
“Absolutely no bilateral bailout” was the Treasury spin 24 hours ago. Now, it’s all about how we’re “not writing Portugal a cheque”. Choice words, and technically true.
Next perhaps we’ll be spun a line that this is all just “contingent liability”, as if the £2 – 4 Billion at stake [...]
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Follow the polling?
I am told that there is a new welcome emphasis on the public’s views at Downing Street. They are taking polling more seriously. It was worries by the public about the Health reforms that lies behind the recent decision to consult again and if necessary to change the plans.
I trust [...]
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We should end socialism for the banks
As has often been said, the banks have a policy: privatise their gains, socialise their losses. However we should have a different policy: make the banks pay for what they have done and restructure them so that they can never do it again. Fat chance of course that anything like this [...]
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'Save our nuclear heritage'
Paul Maynard the new Tory MP for Blackpool was on the next table to mine in the Terrace Cafeteria at lunchtime today. I noticed that he was shuffling some papers with intriguing pictures of power stations. He told me that he was speaking in today's final adjournment debate in which [...]
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Cardiff West entrepreneurs wanted
KEVIN Brennan MP, is urging businessmen and women in Cardiff West to come forward and demonstrate their entrepeneurial ideas in a bid to scoop a £50,000 prize.The competition is open to existing businesses as well as those who simply have a fantastic new idea and the winner will not [...]
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Social mobility: what if the state was the problem?
Interesting article by Nick Clegg and Iain Duncan Smith on the need for greater social mobility in today's Telegraph. They are absolutely right to point to the problem.
What bothers me are their proposed solutions, which all seem to be about government doing more.
The coalition duo begin their article by accepting that Labour's big [...]
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John Redwood’s contribution to the Statement on NHS Reform, 4 April
Mr John Redwood (Wokingham) (Con): Colleagues on this side of the House will know that the Secretary of State has a great passion for the health service, and great mastery of his brief. Will he confirm, for the sake of all hon. Members, that the object of getting rid of [...]
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A visit to a library
I visited a public library recently. It was not in my constituency. It was housed in a great new building, in a large and well appointed room. I was told it was not about to close. It was run by friendly Council staff. Money had been found to set [...]
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Osborne in Wonderland
The internal contradictions in Osborne’s economic policy multiply. Before the election he complained quite rightly that the nation’s private debt was far too high – in the bubble years it reached £1.35 trillion, only slightly less than the nation’s entire GDP which was £1.45 trillion. It is now £1.56 trillion, [...]
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How should we account for loans to Ireland and Portugal?
Readers will know I am against the UK lending any money to Euro member states in trouble. We kept out of the Euro thanks to some of us arguing that case. Some of us forecast the likely problems and do not see why the UK should pick up any of [...]
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How much more capital do the banks need?
As a critic of the regulators in 2006-7 I said the banks should be made to hold more capital. In those days they were too heavily geared. The banks were allowed to lend far too much money with far too little capital to pay the losses if some of the [...]
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What do Conservatives want from the Coalition?
Based on doorstep conversations recently, and visits to speak to Conservative Associations, I encounter the following attitudes. Many Conservatives now see the Coaliti0n government as heavily Lib Dem influenced. They tell me they want changes in policy, to reflect the poor financial condition of the country and the preponderance [...]
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MoD supply chain running on ‘a wing and a prayer’ warns mp
Commenting on the publication of the National Audit Office’s report into how the Ministry of Defence manages the delivery of equipment to military operations, South Norfolk MP Richard Bacon, a member of the Commons public accounts committee, said:
“ The Ministry of Defence has had problems with the [...]
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Article for Wokingham Times
When 250,000 people march in Central London to complain about cuts the government should listen, and should engage with their leaders in a sensible dialogue. There are many things I felt I wanted to say had I been invited to talk to them as Mr Miliband was able to do.
I would [...]
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Tremble, Tory MPs
No party ever prepares for opposition.
Even predictable defeats are a shock and a trigger for prolonged misery. Nigel Fisher’s book ‘How to be in opposition’ is a tale of years of arid futility occasionally enlivened by minor triumphs. Heroes of past oppositions are described for our admiration and encouragement. Neil [...]
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Daily Politics show on cuts
I just did an interview on the Daily Politics about public spending cuts - and why the government was actually finding it rather more difficult to curb spending than the rhetoric suggests.
It is a mathematical fact that total public spending is actually set to rise from £669 Billion in the last year of Labour, to a projected £740 Billion [...]
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Responding to the protesters
I was surprised how the government handled media interviews about the TUC protest against the cuts. They could have used them to set out more of the detail of the difficult financial situaiton we find ourselves in. They could have used it to ask how come we are going [...]
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