Archive for March 2009
Retired public sector workers are to have shortfalls reimbursed. I ask what about all the private pensions that went bust or paid less than expected and still are? Considering the recipients of these pensions were and are coerced or downright forced into these schemes the government should be topping up the state pensions to what these pensioners were expecting them to pay when they were introduced and miss-sold.
The Bank of England will attempt to revive the economy by cutting interest rates and increasing the money supply. This will lead to higher inflation. We should also remember that the banks and other financial institutions recently worried about going into deflation. This might be bad for them, but lower price increases is good for the consumer. So it is my contention this latest ‘plan’ is to stave off deflation and aid the banks at a net cost to the consumer and not to stimulate the economy.
Immigration minister Phil Woolas has questioned the motives of the Office for National Statistics for publishing figures last week that showed one in nine UK residents was born abroad. He describes it as, amongst other things, ‘sinister’.
Personally I find the idea of government or one of its members trying to block the publication of legitimate figures to be far more sinister and dangerous.