Foreign Office Minister, Gilliam Merron, has been forced to reveal that the government holds a staggering 39,500 bottles of wine, spirits and liqueurs worth around £792,000 in the parliamentary cellars. Maybe, it was because they needed the additional storage space, that they sold all of our gold reserve at bottom of market prices and why […]
finance
The Value Of Wealth!
Today, sees the publication of the annual Sunday Times Rich List. As its name suggests, it is a league table of the richest people in the UK. According to news reports, it seems those listed this year, have seen their fortunes decline over the past 12 months. Those fortunes have suffered heavily through falling property […]
Driving Into More Debt!
The much awaited – and feared – budget was announced in Parliament today by the Chancellor. It contained very few surprises and confirmed what we already know – we are heavily overstretched and it will take years to pay back what we have borrowed as a country. One piece of news that did make the […]
Tesco…..Time For Change!
Supermarket giant, Tesco, has just announced a record profit of £3.13bn. It is the largest profit ever to be recorded by a British retailer. Of course, their PR reps are working overtime to play down how it was achieved but to me it can only be explained my one thing – overcharging! From now on, […]
Child Poverty – Is It Greed or Need?
Various charities have been lobbying for more funds to be made available in this week’s budget, to tackle child poverty in the UK. What confuses me about the subject, is that there does not seem to be a true definition of what child poverty really is. I fail to remember ever seeing pot-bellied, semi-naked children, […]
£250 For Just ‘Turning Up’
Remember the two days of snow we had in February? Yes, they were the days when the buses could not run in London, schools closed for health and safety reasons and many people just stayed at home. Many others, who had a conscience or worked in essential industries, persevered and struggled through the unusual conditions, […]
Fuel Prices Flowing Uphill – Again!
On April 1st, the government increased the price of a litre of fuel by 2p. The increase followed a similar rise at the end of last year and both rises were contrary to the prime minister’s words last summer, when he told the Commons there would be no more increases for at least 12 months. […]
MPs Get A Rise (Not From Pay-Per-View)
News comes today, that MPs have been awarded a pay rise of 2.33 percent from April 1st. The annual salary of a member will now increase from £63,291 to £64,766 before they even begin to use their expense allowance, of up to £180,000 per year. Seems they will be able to to afford to […]
Stop Borrowing You Fiscal Fools!
The Governor of The Bank of England, Mervin King, has publicly stated what anyone with a brain bigger than an ant, has known all along – you cannot spend your way out of trouble! After distributing £20bn of borrowed money on a so-called stimulus package last year, the government have failed to ‘kick start’ a […]