http://www.independent.co.uk/news/uk/politics/hs2-cost-of-london-to-birmingham-leg-of-proposed-new-railway-a-third-higher-than-previously-a6734746.html Cost of London-to-Birmingham leg of proposed new railway a third higher than previously estimated Campaigners against the proposed HS2 railway line This insane waste of tax payers (that's us) money has not even started, and already we are being informed that the cost has increased to an estimated £80 billion. Osborne has promised "austerity" for the next 20 years in order to control government spending and "bear down"on the deficit, and yet the amount to be spent on this lunatic project increases almost monthly. Apparently, vast sums of money can de found for "prestige projects" to satisfy some politician's (and some business men's) ego's, but the country cannot afford to allocate, what in comparison, are modest sums for the provision of care for the elderly, or working tax cre...
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http://www.theguardian.com/business/2014/jul/28/bank-of-england-lloyds-bailout-funding Lloyds fined £217 million over Libor rigging Lloyds Bank The bankers should be subject to criminal law the same as everyone else. It was not "the bank" which corrupted the Libor rates and made huge profit from the speculation. It was specific individuals within the banks who conspired together and committed a crime. They went on to re introduce the obscenity of awarding themselves large bonuses and at the same time, carried on receiving payouts from the British tax payers. A benefit claimant would be hounded and persecuted for wrongly claiming a few pounds in benefits and yet "the bank" can receive £ millions and nobody says a word. These corrupt fraudsters, must be prosecuted and jailed if trust in our banks is to be restored.
http://www.dorsetecho.co.uk/news/10820077.Olympic_legacy_for_Weymouth_and_Portland_is_going_begging_says_House_of_Lord_report/ Olympic legacy for Weymouth and Portland is going begging says House of Lord report What legacy? There never was and never will be an "Olympic legacy", for Weymouth or for any other town or city in the United Kingdom. The whole idea of some tangible benefits for the British people extending for years to come, was a myth generated by government propaganda to justify £millions of expenditure of tax payers money to convince everybody that it was "a good idea and good for Britain". The fact is that a few big companies and the Corporate hospitality industry made a great deal of money and a few short term employment opportunities were created, but many of these were in fact, filled by foreign workers. The "Weymouth Tower" is a classic example. The United kingdom is learning what other host nations in cities like Vancouv...
http://www.huffingtonpost.co.uk/2013/03/02/hsbc-chief-executive-stuart-gulliver-bonus_n_2797532.html?utm_hp_ref=uk HSBC Chief Executive Stuart Gulliver To Receive '£2 Million Bonus' HSBC Chief Executive Stuart Gulliver Almost every day, there is an announcement somewhere of banking CEO,s or other senior management, receiving huge bonus payouts. In most cases, the banks concerned have been involved in some questionable practices, or even criminal activity. In this instance, it is money laundering and mis-selling. In any other situation, the people responsible would have been charged and most likely imprisoned for such crimes. When it comes to the banks however, the people in charge take the bonus, and the corporation "takes the rap".
http://www.guardian.co.uk/business/2013/mar/01/lloyds-horta-osorio-bonus-ppi-loss#start-of-comments António Horta-Osório gets bonus even if third of taxpayer's shares are sold for considerably less than was paid for them. Lloyds boss Horta-Osório A £570 million loss for the Bank, £1.5 million bonus for the "boss" and another huge rip off for the tax payer as this calamitous government prepare to sell off its publicly owned shares for a pittance to their friends in the city, under the facade of "privatisation". It does not need a genius to predict that within a few months this new privatised bank will be posting record profits, the share price will have trebled and the fat cat city parasites will be laughing all the way to their record bonuses.
http://www.independent.co.uk/news/business/news/8-million-a-year-thats-modest-says-rbs-chief-8490841.html Fury as chairman of shamed bank defends CEO’s remuneration to MPs Stephen Hester, CEO of Royal Bank of Scotland Sir Philip Hampton RBS Chairman Philip Hampton, Chairman of RBS is under the impression that Stephen Hester the Bank's CEO is "modestly" paid with his £8million per year salary. It seems that £8m is less than the going rate for running a crooked bank which has been fined for rigging the Libor rates and has been involved in other seedy practices at the expense if its customers. The British taxpayers who own this bank may have a different view
http://www.guardian.co.uk/society/2013/jan/13/private-firms-corporation-tax-nhs-profits Private companies providing NHS services could be exempt from paying corporation tax on their profits Private NHS providers in line for corporation tax exemption Labour should not be "calling" on the government not to "let the tax avoiders into the NHS". Labour should be demanding that there should be no privatisation of the NHS and any private companies operating within the NHS at the time of the next Labour government will be absorbed by the health service and taken into public ownership. If these private companies are to operate for the time being within the NHS, they should pay corporation tax the same as any other private company. Why should the tax payer subsidise private parasites and assist the Tories in rewarding their friends in business as they sell off huge chunks of our services? For far too long Labour have acquiesced in the privatisation...
Unsecured creditors to Comet, primarily landlords, stand to lose more than £200m from the collapse of the electricals chain. Henry Jackson . OpCapita Comet stores closing down An additional 6,600 people today join the statistics of those unemployed in this country following the closure of the final 49 of the original 236 Comet electrical stores. The collapse of Comet is one of the biggest failures in high street outlets since Woolworths closed in 2008. Comet was placed in administration by owners OpCapita earlier this year and Deloitte, was appointed as administrator to Comet in early November. OpCapita purchased Comet in 2011, just 9 months ago, for a price of £2. and at the same time received a £50 million "dowry" as part of the deal. Following the collapse of Comet, the government will be faced with a bill of £50 million to cover redundancy payments for 6,800 staff and unpaid VAT. OpCapita, as one of the top "...