Reform

If Reform ever get into power, they'll be 10x worse for us disabled than Labour.

Farage wants massive cuts to disability and out of work benefits to the tune of £15 billion a year.

It's okay to punish Labour in a by-election like this, but come a general election we can't have Reform getting close to government.

Farage doesn't believe in benefits - similar to Labour and Tory - only he is willing to go one step further - he wants UK out of any European protection - Leaving the European Convention on Human Rights - then forcing EVERYONE (Non-disabled as well) into work by stopping benefits if they don't accept a job. Where these jobs are going to magically appear from is beyond me….

The ECHR is an “international” court. The UK co-founded it and provides a judge and staff. If the UK quit, it would join a club of two nations - Russia and Belarus.

His whole policy is based on making the rich even richer at the expense of the rest of us.

Such as raising stamp duty levels to £750,000 from £250,000

Scrapping HS2 completely - with no idea how to deal with all of the tunnels and bridges already completed or all of the people who have been "compulsarily purchased" out of their homes already.

There is a better solution.

''A windfall tax on the profits of Britain’s biggest banks would bring in £15bn for public spending. (Positive Money).

Britain’s ‘Big Four’ banks – Lloyds, NatWest, HSBC and Barclays – made an eye-watering £45.9bn in pre-tax profits last year.

These earnings are not normal: they far outstrip the £25.6bn those same banks made on average between 2018 and 2021, before the Bank of England started raising interest rates. High interest rates allow banks to charge more on loans. Such bumper profits are currently taxed at a measly 3%.

But it doesn’t have to be this way, Countries like Spain, the Czech Republic and Hungary have imposed windfall taxes on credit institutions. Banks currently pay a special surcharge on profits, which was introduced after the last financial crisis in recognition of the risks banks’ activities pose to the wider economy, though the last Tory government slashed this surcharge by 60%, from 8% to 3%. If the Bank Surcharge was raised to 35%, in line with the Energy Profits Levy on the windfall profits of oil and gas companies, the Treasury would receive an extra £14.8bn from the 2024 profits of these four banks alone.

Even just reversing the last government’s cuts to the Bank Surcharge and Bank Levy would bring in more than £3.5bn for the Exchequer, Positive Money estimates.''

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The QE money the BOE printed is held on reserve at the BOE who pay interest at the current rate on the reserves to the entity that has a claim on the funds.

The Banksters themselves.

So taxpayers are literally being charged by the banks for bailing them out, after credit derivative traders committed the biggest fraud in history;

It took the BOE over 300 years to create the first one trillion pounds and only 8 years to create the second trillion.

From 2000-2008 Banksters poured hundreds of billions into the mortgage market to inflate the value of land/house prices paper, before demanding a bailout in 2008.

They called this too big to fail.

The house price inflation which took place under Blair was one of the most destructive events in British history.

People 'on the ladder' were ecstatic, when they saw they're houses triple in value in less than a decade, 1999-2007, in Labours era of 'free money'

According to the IFS just 27 per cent of middle-income adults owned a home in 2016, down from 65 per cent among the same age group in the mid-Nineties

New Labour inflated house prices from 3x salary (the 20thc median) in 1997, up to 9x, 10x salary, by 2008. Then they bailed out the banks 'propping up' house prices at 10x salary.

The average FTB was paying just 17.5% of their take home pay on their mortgage in 1997, but over 50% by 2008.

Nobody had heard of foodbanks before 2008.

(The house price inflation, was a cover for the biggest fraud in history, as the Banksters were listing hundreds of billions of mortgages as being AAA rated, knowing they were junk, BB, C, D class mortgages)

I believe that the Bank bailouts would have been considered illegal in previous decades and centuries due to this Fraud.

Lord Denning;

'………no order of a Minister, can be allowed to stand if it has been obtained by fraud. Fraud unravels everything. The court is careful not to find fraud unless it is distinctly pleaded and proved; but once it is proved, it vitiates judgments, contracts and all transactions whatsoever....'

Under Blair mass immigration occured and the birth rates of the native population crashed, due to unaffordable housing.

Then in 2009, Labour announced QE which enabled central banks to give us a decade of the longest prolonged period of the lowest level of IR throughout the whole of recorded history, 5000 years!! (IR control house prices)

The bailouts themselves are something new. 2008 and Covid. And horrifically may now have become normalised. But we are in the upside down world!

Before 2008 the possibility that the government would issue bonds to immediately repurchase them in order to pretend that it wasn’t actually providing direct finance, to itself, from its own central bank, to fund its own programmes, to ensure that the economy kept going, was completely unknown, had never happened. 

Labour believe they are devoid of the responsibility. Was it a crime? Was it a mistake?

Labour should Tax the Banksters, not the Sickest, but all our politicians are Neo Liberals.

Back in the fifties and the sixties, under the old Keynesian economies, industry got the lions share not bankers, (for shuffling paper around)

This is where it all went wrong over the last 30 years, and its truly sickening.

It was a protest vote, there are a few things I don't like about reform but anything that sticks fingers up at labour can only help.