Checkout this Youtube then make up your mind:
Its alleged 2009 audit debt equal 510 percent of GDP accumulated through bad management of the economy by politicians too scared to face the truth. Then there is the issue of Price Rises Under Tories Gas 45% Stamp 56% Water 20% RailFares 27% BusFare 22% Electric 39% Rent £1100/15% Food 19%
Long term policies no longer exist. The under 35s will have to pay for the disasters of PFI a hand to mouth state pension close to collapse and massive debts incurred by both present and previous governments. The generation muddling through this mess will be the least well equipped for that work of any in centuries.
Detailed closely argued and lucid Howker and Malik’s analysis of UK is very worrying as can be and the figures shock. At a time of austerity when both low and middle incomes are struggling to put rice and cabbage on the table to feed their children and cloth them, pay their mortgage or rent(s) then they come across headlines like Bank has room to raise UK rates which has a knock on affect which plays into the hands of payday loan and loan sharks encouraged to borrow from them at rates which they cannot afford to pay back.
Whilst all this taking place with the coalition I have been consistent to inform my readers we continue to witness high levels of poverty from all quarters such as small businesses have to chase up other companies to pay up to only learn that they have gone into administration and they can’t pay their workers.
So far we all have read the announcements from three of the six energy companies of price rises in both electricity and gas on top of what they have to pay. Nor have we not forgotten train and bus fares have increased whilst this coalition sits on their bums and rub their hands all the way to their fatcat friends to say ” Oh great one look at we have done for the rich frack the low and middle incomes so continue to give us your large donations and forget about UKIP”
UK Government debt always highest under the Tories don’t take my word for it, read the Tory supporting Spectator who (correctly) point out that under the Coalition of slathers and strippers will have borrowed more in 5 years than Labour did in 13 years #sameoldtories
Blind Tory Ideology, Bedroom Tax, Benefits Cap, Youth Employment scheme – none work and none have saved money but are driven by blind ideology and desire to stigmatise poor but they have no problems with tax dodgers and spivs like Jim Radcliffe the tax exile owner of #Grangemouth Refinery. Lynton Crosby‘s dog whistles are all over PR Dave’s “performance” today- they have had to import an immigrant to put the Nasty back into Nasty Party? Great PMQ for Labour – yesterday John Major tried to rescue the Tories from their political incompetence but the Bullingdon Boys were too far up to notice? #PMQ #sameoldtories
We are seeing the return of absolute levels of poverty which have not existed on this scale since the Victorian age over a century ago. Relative poverty is when people can’t afford the comforts and enjoyments which most people have, but absolute poverty is when people haven’t the money to pay for even their most basic needs.
The evidence is all around us. There are now over 300 foodbanks in Britain, and the number is rising every week.
The Red Cross is setting up centres to help the destitute, just as they do in developing countries.
And a new scary fact is steadily emerging – an increasing number of these poverty households are not dependent on benefits but have people in work.
In northern England the first of the Northern Housing Consortium’s surveys, just published, presents a devastating picture.
It is based on 74 households, a small sample but one which broadly reflects all households living in the social rented sector.
It reveals that after paying for rent, food and other essential bills, two-thirds end up with less than £10 left each week while more than a third end up with nothing left at all.
Four-fifths of them are in debt, and not small levels of debt either – it averages nearly £2,500.
Some of the responses to the survey are heart-rending.
Take this one. “Hate the system. I have worked all my life and because work is so hard to find, I have been taking anything. I had a phone call one night and was offered three days work starting the next day.
“I did it, then went to the jobcentre to tell them I had earned three days money. They fined me for not telling them sooner, but I couldn’t as I’d had to start at 7.30am the next morning.
“Then I put a new claim in, then got another three days work. This has been on and off for months. I hate not working and will take what I can, but now this has messed all my benefits up and I’m getting fined.
“They stop my money and I have to sell things to pay bedroom tax and council tax. I am going to have nothing left at this rate. How can this be right when all I am trying to do is find a job?”
What makes this so gratuitously cruel for the victims is that it isn’t even necessary.
The pain is enforced, but the budget deficit is not being reduced.
The right way to cut the deficit is by public investment to stimulate the economy, cut the dole queues – it now costs £18 billion a year to keep the current 2.5 million unemployed out of work – and kick-start growth to turn the economy around, which the present fragile so-called “recovery” is certainly not doing.
Then, and only then, will the bitter scourge of absolute poverty be removed from this land. British Gas has joined SSE at the energy suppliers’ trough, imposing rises of 10.4 and 8.4 per cent for electricity and gas, but consumers must not despair because David Cameron is on the case.
Keen on reinforcing his reputation as upper class twit of the year Cameron suggests that unhappy consumers could switch suppliers for the best deal.
Why did no-one ever think of this before and advise us to undermine energy privateers’ efforts to impoverish us all by shopping around?
For the simple reason that SSE, British Gas, and Npower are just the first of the big six suppliers to announce their annual ransom demands. The other three won’t be long in following suit and, since the six dominate 99 per cent of the market, there is no escape.
Households need electricity and gas, so everyone is over a barrel, held hostage by a greedy oligopoly.
Only someone seriously hard of thinking would imagine that forensic investigation of a rigged market to get the best deal could throw up a viable alternative to extortion by private suppliers.
If Cameron really believed this, his family would be justified in demanding a refund from Eton in compensation for a wasted private education.
Of course he doesn’t. The Prime Minister, like all politicians who back privatisation, does so in the full knowledge that it is a tried and tested means of enriching the rich by further impoverishing the poor.
When he calls the British Gas rise “disappointing,” he is voicing his fear that voters might view him as somehow to blame for no other reason than he claims to run the country.
The electorate might look around other major parties to see if anyone is prepared to do anything about this daylight robbery.
Could it be Ed Miliband, who talks the talk, accusing Cameron of “standing up for the energy companies not the consumer” and of these firms “overcharging people in a market that’s not working and has broken?”
Unfortunately, the Labour leader won’t budge beyond his promise of a temporary tariff freeze before allowing the oligopoly to return to its old tricks. Gas and electricity used to be owned by all of us. Now it belongs to tiny wealthy elite who have bought the right to print money.
It is a symbol of division in society between those who set their own incomes through domination of the economy and those who scrabble around trying to make ends meet.
These are the people highlighted by Alan Milburn, who moved seamlessly from new Labour minister to the board of Pepsi Cola and then coalition hireling as the preposterously named “social mobility tsar.”
Alan Milburn, who had a previous honourable existence as a grassroots labour movement campaigner in Newcastle, is right to point out that work is no longer a cure for poverty because wage levels are too low.
But his targeting of pensioners’ winter fuel allowance and free TV licences to supposedly bridge Britain’s “fairness deficit” is way off the mark.
Setting better-off pensioners against hard-pressed younger families with children to overcome a supposed “intergenerational injustice” is irrelevant to the real division within society – class.
As long as the labour movement’s political representatives refuse to consider taking key areas of the economy, including the privatised utilities, into pubic ownership, working people will continue to be treated as poorly paid pawns by the ruling class.