This morning on the Today Programme, the British Medical Association calls for tougher measures to counter Britain’s drinking problem.
January 2008 - The BMA applies for a late night drinking licence for its headquarters in Tavistock Square. Seems like they’re not self-prescribing their own medicine.
Also on the Today Programme, Lord Nigel Lawson returns to the political front line after David Cameron realises George Osborne can’t be trusted to know anything about the economy. Lawson, who took the engineering of recessions to a fine art as Chancellor in the 1980s, attacked the government for its “grubby” political concerns, aurguing that Northern Rock should have been allowed to go under.
Of course those grubby concerns include saving the jobs of as many of Northern Rock’s employees as possible. During his tenure, Lawson presided over unemployment figures rising to 3 million people. Sounds pretty grubby to me.
editor[at]recessmonkey.com
Loading ...
The only reason Northern Crock was saved was that most of the jobs are in Labour heartlands,now through the backdoor most of the jobs will be phased out and the government is hoping that people won’t notice.
Meanwhile,billions of taxpayers money will be wasted on this tribute bank to New Labour which should have been closed last September.
kevin said this on February 21st, 2008 at 10:15 am
The “pain” of the Lawson years helped modernise the British economy and move it into the twentieth century. Of course the awful state of the economy had nothing to do with Labour governments subsidising loss making industries which were going to have to shut sooner or later did it!! Far easier to let the Tories do the dirty work which should have been done 15 years earlier.
So Northern Rock has 6400 employees. Smart estimates indicate that half the work force have to go to make it viable so that’s only 3200 who will survive. It appears that £100bn of taxpayers money is at risk. So that’s £31.25m of taxpayers money per employee. Even a fool can see that’s a ridiculous and untenable situation, but then you socialists weren’t ever very good at maths were you?
Fishcake said this on February 21st, 2008 at 10:09 pm
You are a fule of great ignorance Fishcake. Or else you know damn well that the £100bn will not actually be lost, and in fact may yet make a surplus for the state.
Have you calculated the harm to the British economy if a bank were allowed to collapse.
So stupid you give morons a bad name
pah!
Recess Monkey said this on February 25th, 2008 at 2:55 pm
Hahaha, at last retard monkey deems one of my posts worthy of a reply!!
A bit of a shame that the level of grammar in it is as piss poor as the logic behind it. The money might not be lost (or at least not yet), but it is what those of us who have an understanding of economics call “Risk Based Capital”. Thus this money which is underpinning an economically unviable company is not being used to underpin the UK economy as was intended. Indeed it will truly mess up our noble leaders PSBR, though he’ll just change the rules again won’t he? I mean, where our the UK’s reserves the next time we want to start an illegal war?
And the idea of it making a surplus? So you are suggesting that it is acceptable for State money to undercut private competitors? Yes you are because you are evidently a cretin who sees the free-market in the plain and simple terms of four legs good, two legs bad. Sorry retard monkey but Nu-Labour have changed the economic hymnsheet and it’s four legs good, two legs better. Eved Red Ken can see it in his Socialist City state where he knows that successful business provides the fuel for everything else.
Fishcake said this on February 25th, 2008 at 11:31 pm
Of course Britain no longer needs Nigel Lawson to engineer a recession since we have now upon us the mother and father of all recessions cause entirely by that fiscal illiterate Gordon Brown and his economic dishonesty and incompetence.
When hundreds of thousands end up unemployed and skint as a direct result of 10+ years of Labour mismanagement of the economy will you be pointing the finger of blame squarely at Gordon Brown, where it rightfully belongs, then Recess,or will you be tying yourself in knots trying and failing to spin the blame on the Tories, or possibly the martians, or international speculators and capitalists?
Mr Angry said this on February 28th, 2008 at 12:27 am