Archive

Posts Tagged ‘Financial Crisis’

Cuts & Runs.

September 21, 2009 Leave a comment

There is a kind of obscene haste at the moment with politicians from all three major parties in what seems to be a new game of boasting about future cuts in public spending. The public sector has become a whipping post a target for plans for pay freezes, pension reductions and unemployment. Let us recall this recession began with the selfish, greedy bonus seekers in the banking sector who appear to be able to continue their bad habits regardless that their jobs were saved by taxpayers money. The fact we are £805 billions in debt is the sole responsibility of the UK banks. The banks must be made to pay back every penny they have gobbled up and no one should be given a penny in bonuses.

Reblog this post [with Zemanta]

what

NHS advised to lose one in 10 workers-Society-The Guardian

September 3, 2009 Leave a comment

Why on earth was the NHS allowed to hire a bunch of costly consultants to produce a review of the NHS promoting job cuts?  How come the ministry could not intervene then to halt this project?

THE GUARDIAN: “The NHS will have to shed around 137,000 jobs – almost a tenth of its workforce – if it is to meet planned efficiency savings of £20bn, the Department of Health has been warned.The severity of cutbacks needed by 2014 was contained in advice presented by management consultants McKinsey to the government this spring.The content of the document, obtained by the Health Service Journal, was not disputed today but the health minister Mike OBrien insisted the government had already rejected the proposal.He said: “In core frontline services, like maternity, nursing and primary care, we need more staff rather than fewer.”Attempting to distance themselves from the report, ministerial sources suggested the review had been commissioned without full ministerial authority…”

The Recession Is Over! But Not for You–Yet. | Newsweek Business | Newsweek.com

July 26, 2009 Leave a comment

Newsweek article by Daniel Gross suggests that the recession is over!

By Daniel Gross NEWSWEEK: “In Westport, Mass., about 60 miles southwest of Boston, traffic crawls along Route 6 as drivers make their way to the nearby Atlantic beaches like Horseneck or Baker’s. A 10-worker crew pouring and raking asphalt onto the road slows their progress. It’s the kind of small annoyance drivers nationwide face each summer. It’s also one small manifestation of President Barack Obama’s ambitious strategy for jump-starting the economy…”

via The Recession Is Over! But Not for You–Yet. | Newsweek Business | Newsweek.com.

I’ll be nation’s hate figure, says top Tory Philip Hammond: The Guardian

July 25, 2009 Leave a comment

So now we learn more about the sneaky Tory policy of brutal public service cuts.  Phillip Hammond is even now boasting about his proposed actions. This country cannot afford such an extremist Tory government;

“I’ll be nation’s hate figure, says top Tory Philip Hammond. Prepare for rapid post-election budget and deep spending cuts” – Hammond

Patrick Wintour and Nicholas Watt in THE GUARDIAN: “David Cameron may be forced to stage a rapid post-election budget to calm the markets and prevent a drop in Britain’s credit rating in the first days of a Tory government, Philip Hammond, the shadow Treasury chief secretary, warns in a Guardian interview today.

Anticipating an era of deep short-term cuts in public spending, Hammond urges voters to give the Conservatives a big majority so a new government can act boldly to cut the public debt, warning that the public finances are in such a state “the worst outcome for Britain would be an unclear political result at the election”…”

via I’ll be nation’s hate figure, says top Tory Philip Hammond | Politics | The Guardian.

End public pay excess, say Tories

So the Tories now are keen supporters of envy. The politics of envy is a core value to modern Conservatism. It’s rather a puzzle though as we all know, without doubt that public sector workers are made up of people on low pay Would Bullingdon boy, George Osborne want to give up his well paid jobs in order to become a care assistant or road sweeper? Public sector pay by and large has been held down over the years. Alistair Darling’s call for a public sector pay freeze, his leap into popularism and Tory feeling’s of envy and jealousy should not be supported by Labour politicians. George Osborne should not deceive the general public; there has been no “age of excess” in public sector pay, some Tory friends in the City have made fortunes in this recession and continue to do so. I am all in favour of focussing pay increases for low paid public sector workers but perhaps senior well paid executives who probably vote Tory anyway could face a freeze.

BBC NEWS: “A Tory government would end the “age of excess” in public sector pay, shadow chancellor George Osborne has said.

He told the BBC pay should reflect economic conditions and the Conservatives would change the “culture of Whitehall” to save money.

Meanwhile, a pressure group's report suggests more than 1,000 council bosses earn six-figure salaries.

The government said this justified its plans to make councils publish the pay packages of 2,500 top earners.

A report by the Taxpayers' Alliance suggests those earning £100,000 or more rose by 27% in a year – with at least 16 people being paid more than Prime Minister Gordon Brown…”more

via BBC NEWS | Politics | End public pay excess, say Tories.

Fashion at Royal Ascot

June 18, 2009 Leave a comment

Link to BBC TV News clip: Fashion at Royal Ascot rather reassuring to see that those still have wealth are managing to overcome the recession:

BBC NEWS: “It is hoped the publication of a light hearted guide on racecourse etiquette may help to discourage the most extreme fashion decisions at Royal Ascot.

The BBC has caught a glimpse of the hats and fashion at this year’s Royal Ascot.

Reblog this post [with Zemanta]

PMQs. Weds. 17 June 2009.

June 17, 2009 Leave a comment

The clash between Prime Minister Gordon Brown and David Cameron focussed on the hot topic of future cuts. David Cameron appears as the weeks go by to become more childish, churlish and insulting. There is no attempt to discuss policy. If people really think that Cameron should be the next prime minister they should be more discerning. Many of us know the Tories will very likely introduce savage budget cuts, we already know that 10% all round is likely. I do feel though that Gordon Brown should be more open about the prospect of cuts that may be scheduled in the future. Nick Clegg on the other hand does indeed raise issues of policy and does deserve more detailed responses. The clash between Gordon Brown and David Cameron is in the full BBC TV News clip and the full text from Hansard follows:

PRIME MINISTER

The Prime Minister was asked—

Engagements

Q1. [280103] Dr. Alan Whitehead (Southampton, Test) (Lab): If he will list his official engagements for Wednesday 17 June.

The Prime Minister (Mr. Gordon Brown): Before I list my engagements, this is your last Prime Minister’s questions, Mr. Speaker. The whole House will have a chance to acknowledge your great contribution to public life in a few minutes’ time.

This morning I had meetings with ministerial colleagues and others. In addition to my duties in this House, I shall have further such meetings later today.

Dr. Whitehead: Mr. Speaker, may I add my appreciation of your kindness and generosity towards me and many other hon. Members in your time as Speaker?

In view of recent speculation, can the Prime Minister assure me that budgets relating to the support of green energy development and combating climate change will be maintained and enhanced over the next three years? Would he reflect on what the United Kingdom’s ability to meet its carbon budget commitments would be if such funding were cut by, say, 10 per cent.?

The Prime Minister: In the Budget we committed an additional £1.4 billion of support for the low-carbon economy. That would not have been possible if we had followed the advice of the Opposition to make cuts of 5 per cent. this year. It would be impossible in the future if we went for the plans that have been suggested by the shadow Health Secretary to cut departmental expenditure by 10 per cent. We are for investing in the environment, not for using the money for inheritance tax cuts for the very few.

Mr. David Cameron (Witney) (Con): Welcome to Prime Minister’s planted questions! [Interruption.] Some Labour MPs were a bit confused: when they were told about Mr. Ten Percent, they thought it meant his opinion poll ratings.

In our exchanges last week, the Prime Minister read out figures for total Government spending after 2011. Will he agree that, using the Treasury’s own forecasts for inflation, those figures mean that spending is going to be cut in real terms?

The Prime Minister: I welcome this debate about public spending. I relish the chance to debate policy for once with the Opposition. The first thing that the right hon. Gentleman has to confirm is that he is cutting spending this year.

Hon. Members: Answer!

Mr. Speaker: Order. Let the Prime Minister speak. That is the best way—we hear what the Prime Minister has to say. [Interruption.] I am not responsible for his answers.

The Prime Minister: The first thing that the right hon. Gentleman has to confirm is that he would cut spending by 5 per cent. this year. That means that vital services would be losing money. I welcome the debate that we are having in this country. We are investing to get ourselves out of the recession; the Opposition would cut, and they would make the recession last longer. That would lead to higher debts and higher deficits that would have to be spent for. As for spending beyond 2011, the right hon. Gentleman knows the truth: he wants to spend less—10 per cent. less in most Departments—whereas we want to spend more.

Mr. Cameron: Absolutely no answer to the question. For the time that Peter Mandelson allows the Prime Minister to go on doing the job, he should at least answer the question. Every year, at every Budget, the Prime Minister stood there and read out figure after figure for total spending and told us it was an increase in real terms. Now he stands there, reading out figures for total spending, without admitting that they represent a real-terms cut. The country will conclude that he is taking them for fools. Everyone knows that what matters is spending over and above inflation. Let me ask him again: will he now accept that his spending plans from 2011 mean a real-terms cut? The Chancellor says that they are a cut. Are they?

The Prime Minister: The first thing we are absolutely sure of is that, regardless of economic circumstances, employment, investment and inflation, the Conservatives will cut expenditure by 10 per cent. The right hon. Gentleman said it himself last week—Tory cuts versus Labour investment. Now let me read out the figures for current expenditure. Current expenditure will grow every year to 2013–14, not just in cash terms but in real terms. Capital expenditure will grow until the year of the Olympics. After that, it will be less but asset sales will make up much of the difference. So we are increasing current expenditure, and increasing capital expenditure up to the Olympics. Unfortunately, the right hon. Gentleman’s proposal is to cut expenditure by 10 per cent. He had better admit the truth: he is cutting expenditure by 10 per cent.

Mr. Cameron: It sounds more and more desperate. Whichever way we look at the figures, the Government plan to cut spending. Let us consider capital and current spending. Capital spending will go from £44 billion in 2009–10 to £22 billion in 2013. That is a massive cut. Now let us look at current spending. We must exclude debt interest and paying for unemployment—what the Prime Minister used to call the bills of social failure. When we do that, we see that current spending is also being cut. Capital spending—cut; current spending—cut. Those are Labour cuts. Let me ask the Prime Minister again—the question will not go away until he answers it. Will he admit—I would not listen to the Secretary of State for Northern Ireland, the right hon. Member for St. Helens, South (Mr. Woodward); he was pretty useless when he worked for us and he is still pretty useless. The question will not go away. Will the Prime Minister accept that his spending plans from 2011 mean a real-terms cut?

The Prime Minister: What the right hon. Gentleman is saying to us—he had better listen to the debate because it will go on for many months—is that, regardless of growth, employment, interest rates or inflation, he is dogmatically set on a 10 per cent. cut in most departmental expenditures. Let me read out the real-terms current expenditure: 603 to 629 to 633 to 638 to 642. What is that but a rise in real-terms current expenditure? I have already explained about capital expenditure and what is happening after the Olympics, but gross investment, real terms—[Interruption.] The right hon. Gentleman has not produced one figure yet and I have just given him the figures in the Red Book—63, 55, 49—and we will make that up by the asset sales that we have already announced in the pre-Budget report. I have to tell him that current expenditure will continue to rise in cash and real terms. The issue is that the Conservatives will cut current expenditure in real and cash terms. It is exactly what I said—Tory cuts, Labour investment. What is worse is that they would cut expenditure so that they can help the few with inheritance tax cuts, while we are the party of the many. Let him say that he is abandoning inheritance tax cuts.

Mr. Cameron: Every commentator and every economist has concluded that the Prime Minister is wrong and looks increasingly ridiculous. Let us take just one. Last week, Robert Chote, the director of the Institute for Fiscal Studies, said that

“judging from his performance at Prime Minister’s questions on Wednesday—Gordon Brown needs some help to interpret his own Chancellor’s Budget.”

Let us take one of the Prime Minister’s former Treasury Ministers, whom he appointed to work with him in Treasury. The right hon. Member for Bolton, West (Ruth Kelly) said that

“as the Budget made clear, the only way to clear a huge debt overhang in the medium term will be to cut billions of pounds from public spending.”

Why does the Prime Minister find it so impossible to give a straight answer and be straight with the British people?”

The Prime Minister: I am the person who is giving the House the figures. The right hon. Gentleman has given not one figure to back up his proposition. The only figure that we have had is the admission by the shadow Health Secretary that he would cut public expenditure in vital Departments by 10 per cent. What we will not be doing is cutting expenditure by 10 per cent.

Let me tell the Leader of the Opposition what the real-terms rise in current expenditure is, and perhaps at some point he will listen: 603 to 629 to 633 to 638 to 642. These are rises in expenditure after inflation has been taken into account. Once again, he is trying to hide the fact that he has got 10 per cent. cuts. His is the party of cuts; we are the party of investment. Because he wants to use the cuts to pay for inheritance tax, let us remember once again: the Conservatives are the party of the few and we are the party of the many.

Mr. Cameron: The right hon. Gentleman is just sinking and sinking. He thinks that everyone is so stupid that they will not notice that once we take out debt interest and unemployment benefit, the Departments of all those Ministers on the Treasury Bench will be cut, cut, cut. That is the truth. Why does the Prime Minister not just stand back for a moment and ask why he is so distrusted? It is not actually the recession: there is a recession all over Europe; and yet no other European leader—[Interruption.]

Mr. Speaker: Order.

Mr. Cameron: The reason the right hon. Gentleman is in the hole that he is in is because he is not straight with people. [Interruption.]

Mr. Speaker: Order. We must allow the Leader of the Opposition to be heard. [Interruption.] Order. Allow the right hon. Gentleman to speak. [Interruption.] Order. I do not want a Minister pushing his luck, so I ask the right hon. Member for Tooting (Mr. Khan) to behave himself.

Mr. Cameron: Labour Members shout for half an hour on a Wednesday and spend the rest of the week trying to get rid of the Prime Minister. His problem is that he is not straight with people. He was not straight over the cancelled election; he was not straight over the 10p tax; he was not straight over flying to Iraq during the Tory conference; he was not straight over Damian McBride; he was not straight about who he wanted as his Chancellor; and now he will not be straight with people about the level of Government spending. Will everyone not conclude that if you cannot be straight with people, you are simply not worthy to be our Prime Minister?

Mr. Speaker: Order. Even though it is my last day, the Leader of the Opposition knows that the term “you” is not something that I approve of, and I think that the candidates at all these hustings will be saying that they do not approve of it either.

The Prime Minister: The right hon. Gentleman is learning all the time. At last he has a European policy, and he now admits that there is a European recession. As far as his last comments are concerned, is it not remarkable that he descends back into personalities? He cannot deal with a policy debate. I have said that we are taking action to deal with the recession, and that means that more people will be in work, that more businesses will be saved and that more help will be given to mortgage holders. We are spending money to take people out of recession; he would cut the money now. There would be more unemployment, more debt and more deficit. The Conservative party has to face up to its responsibility. The Conservatives are calling for public spending cuts at a time when every country in Europe and the rest of the world knows that we have to inject more money into the economy.

As for the future, everybody also knows—this is where the serious debate lies—that what can happen depends on growth and what happens to inflation, employment and interest rates. There is good evidence that the proposals that we have put forward are working, whereas the proposals that the Conservatives have put forward would not work. As for the future of public expenditure, let us just be clear: I have read out figures showing that there are not only cash rises in all our current expenditure in each year, but also real-terms rises. The Leader of the Opposition has given us no figure, except the figure of his Health Secretary, which is a 10 per cent. cut in public expenditure. The public will remember one thing about the last week: 10 per cent. cuts in public expenditure under the Tories; investment under Labour. They are the party of the few; we are the party of the many.

Mr. Cameron: Why does the Prime Minister not understand that character and policy come together in the vital question of telling the truth that public spending will be cut, according to his own plans? Everyone will have seen today that the Prime Minister has drawn one of his precious dividing lines between himself and reality. That is what we have seen. People know that they have a Prime Minister whom they never elected, a Prime Minister who cannot be straight with people and a Prime Minister who will not even give 10 per cent. of the truth.

The Prime Minister: The leader of the Conservative party said:

“We’ve made it clear that a Conservative government would spend less than Labour.”

So it is absolutely clear that the Conservatives would be spending less every time. They would be cutting spending on vital services, and people should not forget that. He wants to read out quotes from this person or that person, but why does he not face up to the policy issue? We are spending 5.5 per cent. more on the health service this year, and 4 per cent. more on education. We are building more schools, employing more nurses, building up the health service and making the policing in our community work. At every point, the Conservatives would be cutting these vital services. They should go back to their constituencies and explain how many police, nurses, doctors and teachers they would cut under policies that are in the interest not of the many but, in their case, only of the few.

Several hon. Members rose—

Mr. Speaker: Order. I am going to call you, Mr. McGrady, but you will be brief, won’t you?

Mr. Eddie McGrady (South Down) (SDLP): Thank you, Mr. Speaker. I will be brief, but I want to thank you for your personal kindness to me and my party over your many years in the Chair and outside this Chamber.

My right hon. Friend the Prime Minister will be aware that devolution to Northern Ireland has not been completed owing to the absence of the devolution of policing and justice. This issue has now become a political football between the two parties in power, and the situation has been exacerbated by the recent European elections. Will he take a personal new initiative to complete that all-important stage of devolution, which is the prerogative of the whole community in Northern Ireland?

The Prime Minister: I think that the benefits to Northern Ireland of the devolution of policing and justice will be very considerable indeed. I realise that there are very delicate issues that have to be dealt with, and that there are conversations to be had, but I recognise that progress has been made with the commitment of the major parties to devolution in principle. Talks are now taking place that I hope will yield results, and I hope it will not be long before we complete the process of the devolution of policing and justice under terms that will give security to every community in Northern Ireland.

Mr. Nick Clegg (Sheffield, Hallam) (LD): Does the Prime Minister agree with the comments made by his Chancellor this morning when he blamed the banks’ boardrooms for the recession but refused fundamentally to change the way we regulate them?

The Prime Minister: We are fundamentally changing the way we regulate our banks. We are banning them from giving bonuses at the moment where we have taken over the banks. We are changing the structure of the boards by the way we are dealing with the problems that have been created in this recession, and we are introducing new financial services legislation in the next year to change the structure of regulation. In every area in which abuse has been found, we are taking action to deal with it. I hope that, when the legislation comes before the House of Commons, the right hon. Gentleman will support it, because that is the right thing to do. When people make mistakes, that has to be dealt with, and we are dealing with the mistakes that have been made in the City.

Mr. Clegg: I still think that the Prime Minister is trying to have it both ways. He cannot just blame the bankers but not change the basic way we control them. He is just passing the buck. I will tell him who is to blame for this recession: a Government who did not listen to warnings, who let the bankers get away with blue murder and who, even now, refuse to separate ordinary high street banking from casino investment banking. Can he not see that if he just keeps passing the buck, the only certainty is that this kind of crisis will happen all over again?

The Prime Minister: The right hon. Gentleman is speaking as though high street banks and investment banks did not fail. The truth is that both failed, and we have to deal with that. The solution is to have better regulation and better supervision. It is actually about cross-border supervision at a global level as well. It is about bringing in those countries that have been outside the scope of supervision and regulation. That is what the G20 was about: to bring them all into the regulatory and supervisory net. To be honest, I think the right hon. Gentleman actually supports what we are doing but cannot bear to say so.

Mr. Barry Sheerman (Huddersfield) (Lab/Co-op): Is my right hon. Friend aware that, despite all the promises, the Lloyds group of banks is planning to decimate jobs in Yorkshire and take them down south to Peterborough? Will he urgently talk to the management of the Lloyds group and point out that we are major shareholders in that bank and expect better standards?

The Prime Minister: I am very happy to talk to Lloyds, which made promises at the time it took over HBOS about what it would do to safeguard the jobs of its employees. We will look at the issue in that context; any jobs lost are to be regretted and we will do everything we can.

Q2. [280104] Tom Brake (Carshalton and Wallington) (LD): The Prime Minister will have satisfied virtually nobody with his private inquiry into the war in Iraq. He does, however, have the opportunity to satisfy one family—the Al-Sarraj family. Mr. Al-Sarraj, who is detained in Camp Cropper in Baghdad, is the husband of my constituent, Shereen Nasser. Will the right hon. Gentleman talk to the US authorities to try to secure a release date for Mr. Al-Sarraj?

The Prime Minister: The hon. Gentleman has raised the case with me; I shall look further at what he says and write to him.

Ann Clwyd (Cynon Valley) (Lab): Will the Prime Minister take this opportunity to condemn the appalling racist attacks on Romanian families in Belfast?

The Prime Minister: Yes indeed, and I hope that the authorities will be able to take all the necessary action to protect those families.

Q3. [280105] Mr. John Randall (Uxbridge) (Con): Will the Prime Minister confirm that the Department for Transport has been compiling dossiers on opponents of the third runway at Heathrow and handing them over to the police? Will he find out whether there is one on me and one on his hon. Friend the Member for Hayes and Harlington (John McDonnell)?

The Prime Minister: I know nothing about this—[Interruption.] Any allegation that the hon. Gentleman makes will of course be investigated, but it is not something that has been drawn to my attention. As far as the Heathrow expansion is concerned, it is a contentious issue but the House has voted on the matter.

Q4. [280106] Mr. Mark Hendrick (Preston) (Lab/Co-op): My right hon. Friend will know that the Lancashire police constabulary is the top-performing police force in the country. Burglary is at a 27-year low and vehicle crime at a 20-year low. The number of police officers, police community support officers, special constables and other staff has increased by 1,400—30 per cent. since 1997. Will my right hon. Friend tell me what impact a 10 per cent. cut in policing will have on staff and crime in Lancashire?

The Prime Minister: It could involve the loss of about 15,000 police. Those who advocate 10 per cent. cuts in the Home Office have to face up to the consequences, as it will mean fewer policemen on the beat, less neighbourhood policing and less protection against crime. [Interruption.] I notice that Conservative Members are not worried about a 10 per cent. cut in the police; I think they would hear from their constituents if such a cut were ever to happen.

Mr. Peter Robinson (Belfast, East) (DUP): Has the Prime Minister any concern about the expressed intention of the Chief Constable of the Police Service of Northern Ireland to axe the full-time police reserve in Northern Ireland? Does he recognise that there is a heightened level of dissident activity and that the Chief Constable is leaving his job, so is this not a decision that should be left to the new Chief Constable?

The Prime Minister: I think the hon. Gentleman will recognise that we have committed additional resources to deal with the problems posed by the dissident groups in Northern Ireland. I spoke to the former chief of police in Northern Ireland at exactly the time of the incidents and we promised him that the resources would be there to deal with the problems arising from the actions of those dissident groups. I assure the hon. Gentleman that the security of the people of Northern Ireland will not be put at risk in any way.

Q5. [280107] Judy Mallaber (Amber Valley) (Lab): Mr. Speaker, may I thank you for your kindness over the years and wish you well?

Knives, age-related games and alcohol were all bought online recently by a 16-year-old acting for Greenwich trading standards without any checks being made. They were bought from Debenhams, Marks and Spencer, Argos and other stores, even though his card was registered with his real date of birth and address. Will my right hon. Friend look to extend the provisions in the Gambling Act 2005 to restrict and have simple checks on age so that our young people cannot get easy access to knives and other age-restricted goods, in accordance with the recommendations of the children’s charities digital manifesto on internet safety?

The Prime Minister: I know about the document to which my hon. Friend refers. She may be aware that yesterday we published the “Digital Britain” document describing the steps that the Government are taking to ensure the online safety of children, and the ways in which the Government will continue to support further action by the industry against such practices. We have also set up the UK Council on Child Internet Safety, which, as she probably knows, is examining these issues.

Angus Robertson (Moray) (SNP): The Calman commission reported this week that the Scottish Parliament should have additional limited powers. The First Minister has offered to test that proposal, together with the proposal for independence, in a referendum. Does the Prime Minister agree that the people should have their say?

The Prime Minister: I am sorry that the Scottish National party is not supporting the Calman recommendations. They give a new basis on which the Union can move forward, providing a measure of devolution that will allow the Union to be safeguarded for the future. The difference between us and the Scottish National party lies in the fact that the SNP wants complete independence, although all the evidence suggests that the people of Scotland do not.

Q6. [280108] Joan Walley (Stoke-on-Trent, North) (Lab): May I thank you personally for your kindness, Mr. Speaker?

On policy, let me say to my right hon. Friend that my constituents are nervously awaiting the outcome of the Learning and Skills Council’s review of the Building Colleges for the Future programme? We need that money. Will he give some reassurance that when the review takes place our Government will make an immediate decision, and that he will take account of our commitment to urban regeneration in Burslem and to the university quarter so that the full amounts can be provided for the campuses in Cauldon and on the Burslem site?

The Prime Minister: In the Budget, we announced an extra £300 million of capital spending on further education colleges to meet some of the demand that has arisen as a result of the number of colleges that wish to expand and build new facilities on their campuses. We are looking at all the projects. The LSC has talked to the principals of all colleges this month, and we hope to announce the projects that will proceed to their next stages as soon as possible.

Q7. [280109] Mr. Lee Scott (Ilford, North) (Con): Will the Prime Minister tell the House whether the Government have received any informal briefings from Damian McBride?

The Prime Minister: I have not.

Andrew Mackinlay (Thurrock) (Lab): I should like to ask the Prime Minister about a modest constitutional innovation. Will he invite the House of Commons to amend its Standing Orders to allow senior Ministers in the House of Lords to come to this Dispatch Box to defend their stewardship of their Departments, and to pilot legislation of which they are the principal architects? Even the most senior junior Minister will on occasion be nothing more than a superior parrot unless that change is made.

The Prime Minister: We have a strong team of Ministers in the House of Commons, who are perfectly able to answer questions and conduct debates in the House of Commons. If my hon. Friend has proposals for constitutional innovation, perhaps he could put them to the Committee chaired by my hon. Friend the Member for Cannock Chase (Dr. Wright).

Q8. [280110] Mr. Paul Burstow (Sutton and Cheam) (LD): This is national elder abuse week. According to the Government’s own figures, 5,980 older people are victims of abuse every week in this country. Will the Prime Minister consider the need for legislation? The overwhelming majority of organisations responding to a Government consultation said that it was necessary, not least at a time when 5,900 people every week are unprotected from assaults and those who commit the assaults go unpunished. Is it not time for legislation, and will the Prime Minister meet me to discuss the matter?

The Prime Minister: Any abuse of the elderly is completely unacceptable. I hope that the criminal law will protect them, and that the regulatory framework will be such that we can give the protection that is necessary. We will continue to keep that regulatory framework under review. In a week when the amount of abuse of the elderly is being noted, I think it right to say that no citizen should be engaged in anything that puts the dignity and security of elderly people in our country at risk.

Emily Thornberry (Islington, South and Finsbury) (Lab): I wonder whether my right hon. Friend could explain a phrase that I heard recently: “Play the ball and not the man.” Perhaps as an ex-rugby player he could explain both its meaning and its application to Prime Minister’s questions.

The Prime Minister: It means that on only a few occasions in the past year has the Leader of the Opposition managed to raise questions about policy. We welcome the debate about policy which will be held in the country over the next few months, when we will show that we will safeguard the health, education and public services of this country against 10 per cent. cuts by the Conservative party.

Q9. [280111] Willie Rennie (Dunfermline and West Fife) (LD): Will the Prime Minister join me in commending the work of the Chernobyl children’s charities, which bring thousands of children over from Belarus every year for recuperative holidays? Will he also explain why the Home Office has decided not to give free visas to the Chernobyl children from the north of Ukraine, who are suffering worse conditions than those from Belarus, and will he meet me and a delegation of the charities to discuss this important issue?

The Prime Minister: I know that the hon. Gentleman has raised this matter on many occasions and has taken a deep interest in it. I also know that he has held an Adjournment debate on it. He is asking about the Home Office and what it can do to help. I suggest that he ask for a meeting with the Home Secretary, and I am sure the Home Secretary will be happy to meet his delegation.

Mr. Brian H. Donohoe (Central Ayrshire) (Lab): As my right hon. Friend may know, I have in my constituency three of the five biggest energy users, and they are very concerned about increasing energy costs. What steps are my right hon. Friend’s Government taking to protect them against excessive profits, which has happened before in respect of the energy companies?

The Prime Minister: Everybody is concerned about the 50 per cent. rise in oil prices that we have seen over the last few weeks. The oil price was $150, then it went down to $30, and it has now gone up to $70. That means that it is very difficult for energy companies in this country, but also very difficult for consumers, and very difficult when we consider future gas and electricity bills. I believe that the world has got to look at what it can do to make sure that supply of and demand for oil is far more in balance, so that we can keep oil prices under control.

Hansard

Reblog this post [with Zemanta]

UK’s economy ‘the best in Europe’

June 15, 2009 Leave a comment
PRINCETON, NJ - OCTOBER 13:  Princeton Profess...
Professor Paul Krugman: Image by Getty Images via Daylife

The news from Professor Paul Krugman (who won the 2008 Nobel prize for economics), may bring some comfort for Gordon Brown after a pretty grim few weeks of bad news.

BBC NEWS” “The UK is in the best shape out of all the economies in Europe, according to a leading economist.

Professor Paul Krugman, who won the 2008 Nobel prize for economics, said that the UK’s economic policies had been “pretty good” and called them “intelligent”.

The government also deserved more credit for its policies, he said in an interview with Will Hutton in The Observer newspaper.

His comments come at the end of a week when the pound has risen to its highest level this year.” More

via BBC NEWS | Business | UK’s economy ‘the best in Europe’.

Reblog this post [with Zemanta]

Zakaria: A Capitalist Manifesto.

June 14, 2009 Leave a comment

Capitalism
I imagine many people, post credit crunch, would be unwilling to accept the idea that Capitalism is good and that greed is good: we have seen where unregulated capitalism can lead us. But given that models of socialism, social democracy and varieties of communism have in the past clearly failed we are now on the horns of a dilemma as economic systems thought to be perfect become imperfect. One simply cannot leave economic fate to invisible hands nor allow greed to grow as it has done and continues to do in the banking sector. It seems Fareed Zakaria, with a degree in political science ventures into the world of economics. He is international editor for Newsweek and a CNN regular presenter. I suppose this book will need to join a growing pile that I will read in the months ahead:

Fareed Zakaria, Editor, Newsweek International...
Image via Wikipedia

Fareed Zakaria, NEWSWEEK: “A specter is haunting the world—the return of capitalism. Over the past six months, politicians, businessmen and pundits have been convinced that we are in the midst of a crisis of capitalism that will require a massive transformation and years of pain to fix. Nothing will ever be the same again. “Another ideological god has failed,” the dean of financial commentators, Martin Wolf, wrote in the Financial Times. Companies will “fundamentally reset” the way they work, said the CEO of General Electric, Jeffrey Immelt. “Capitalism will be different,” said Treasury Secretary Timothy Geithner.

via Zakaria: A Capitalist Manifesto | Newsweek Business | Newsweek.com.

Reblog this post [with Zemanta]

Byers joins calls for PM to quit

Ok, yesterday some backbench MPs were bullied into being yes men to Gordon Brown; the writing is on the wall, the continued leadership or non leadership of Gordon Brown has to be challenged. Unless Labour elects a new dynamic leadership with vision and an agenda for reform, Labour is doomed at the next general election: Stephen Byers is right:

BBC NEWS: “Former cabinet minister Stephen Byers has added his voice to calls for Prime Minister Gordon Brown to stand down.

Mr Byers said Labour needed a leader who could win a general election “and not take us to a humiliating defeat – Gordon Brown is not that leader”.

Mr Brown should stand down for the sake of people who needed a Labour government to protect their interests, he told a Progress think tank meeting…”more

via BBC NEWS | Politics | Byers joins calls for PM to quit.

Follow

Get every new post delivered to your Inbox.