Anyway, dragging this up now I think is nothing other than the conservatives trying to deflect the blame again. First Osborne tried to drag in Labour on Libor, when that utterly failed I wouldn't be surprised if they came up with this gem from the ancient past.
The first thing we do, let's kill all the lawyers.
And the UK bailed them out back then, burning a one time only reserve.
And nothing was done to ensure that something like that would never happen again.
And all it brought was an even bigger bust 9 years later.
And once again, nothing was done to ensure that something like that would never happen again.
To me, responsible are insane.
Tanks: theBlind[SOBAD] (in my heart there will always be a place for [FAIL])
the only decent thing Gordo did while chancellor was keep us out of the Euro.
The finger pointing and cheap political points both parties are trying to score ATM is just a distraction. The fact is both parties are equally responsible for the current state of the UK and both should be held to account. The problem is there is no one in the position to do that.
I'm not one for riots (other than the factor), but I am a great believer in civil disobedience, and I think it might be the only way to start changing things in a non-violent way. The longer this goes on, the higher the risk of violence gets and that is bad for everybody. Something will give eventually, it's just a matter of time.
it works with the police, a lot of legislation has build in phrasing that allows them to interpret it to give a reasonable outcome to borderline cases, and there are strong safeguards in place against corruption of any sort, not that these don't fail on occasion though, but it at-least seems to work.
because if it did not you'd either be bashing their heads in with bricks or living in a gigantic police state. (oh hang on, might have spotted a flaw in my logic with the last one...)
Joking aside, unfortunately we lowly masses are now in the position that those same lawyers, bankers and politicians at the top of the tree appear to be colluding to keep their riches 'in house' (cash for questions/honours, phone hacking, LOBBYING, political funding, insider trading, arms deals via royal contacts, political perjury, white collar crime, etc, etc, etc) and breaking into that social elite will get increasingly difficult apparently, in the years to come. Even middle management within the UK appears to be selected on they ability to dodge, lie and dissemble their way through their working life rather than daring to be honest.
I have seen quite a few people (some personal friends) who have been fine upstanding people, who when given a little wealth, start considering themselves and the services they provide worthy of outrageous pay increases for no solid reason, in much the same vein as the lawyers, bankers and politicians. It looks like human nature to become a corrupt, selfish money grabbing gimp when presented with the opportunity.
... btw i vote shooting the politicians first for no other reason than i hate party political broadcasts.
Shitting up eve for .... well, longer than most of you scumbags.
Actually, the worst aspect of all of this is that by now large numbers seem to have all but resigned themselves to the notion that regulation or even 'change' is all but pointless and that the only way to solve this mess is a complete collapse of the system. Whatever the fallout of that may be ...
Lol. It always amazes me how strong a sense of achievement conniving bastards tend to have.
http://www.guardian.co.uk/business/2...responsibilityUK austerity set to last decades as cost of ageing population rises
Tax increases or more spending cuts will be needed to reduce national debt in long term, says Office of Budget Responsibility
Austerity measures will have to continue to find the extra £80bn needed by 2061 to pay for a rise in over-65s to 26% of the population, the OBR predicts. Photograph: Christopher Furlong/Getty Images
The age of austerity will be longer that first thought if the UK is to keep up with the escalating costs of an ageing population, the government's independent economic forecaster has said.
The Office for Budget Responsibility said the UK's public finances were "clearly unsustainable" over the next 50 years, despite Chancellor George Osborne's punishing round of spending cuts.
Even if the government succeeds in saving £123bn over the next seven years, the OBR said it would need to permanently increase taxes or cut spending by 1.1% of GDP – around £17bn in today's terms – to get the national debt back to pre-crisis levels.
If the government continues with current policies, and if those policies succeed, the OBR said public finances would improve until the mid 2020s. But there would still be a long-term deterioration in the decades that follow.
Net public sector debt is forecast to fall from 74% of GDP in 2016-17 to a low of 57% in the mid-2020s, before rising increasingly fast to reach 89% of GDP in 2061-62. That is an improvement on last year's forecast that debt would reach 107% of GDP by 2061, but the OBR said more still needed to be done.
"On current policy we would expect the budget deficit to widen sufficiently over the long term to put public sector net debt on a continuously rising trajectory as a share of national income," it said. "This is clearly unsustainable."
People over 65 are expected to make up around 26% of the UK's population by 2061, compared with 17% this year. That will cost an additional £80bn in today's money to pay for health, pensions and long-term care, the OBR said.
Recent reforms to public sector pensions have cut costs by £175bn, it added. The bulk of those savings, around £126bn, came from the 2010 decision to make pensions rise in line with the consumer prices index, rather than the retail prices index.
As well as the growing burden of paying for the elderly, the OBR noted that declining North Sea oil production is likely to put pressure on revenues over the next 50 years. "This suggests governments are likely to need to find replacement streams of revenue just to hold the tax burden constant, let alone to meet the upward pressures on spending," it said.
To become a corporate lawyer or banker you (most likely) need:
- close to straight A grades at school in mostly "traditional" hard subjects
- a strong (2:1 or 1st) degree from a top 15 university in a "hard" subject
- to get through rigerous and incredibly competitive interview processes
- to be willing to work hours that often exceed double those of a "normal" job
- to put up with stress that would literally mean months off work for an average public sector employee
- to consistently prioritise your work over your personal life
To complain that all lawyers and bankers don't deserve what they are paid you need:
- a big mouth
- no clue
None of those above things make you better then any other person it just means you have sacrificed your life and made yourself a slave to that system.