Tuesday, 11 May 2010

We told you so

Yesterday's news that the British taxpayer will be participating in the bailing out of Greece, the other PIIG countries and the stabilization of the euro in general does not exactly come as a surprise to many of us.

Early in April, this blog linked to a letter by Lord Pearson in the Daily Telegraph, in which he pointed out that Britain was committed exactly to the course of action that has just taken place.

About three weeks before that we linked to a debate in the House of Lords in which HMG was asked specifically about the possibilities of Britain participating in the bail-out under Article 122.2 of the Treaty of Lisbon with Lord Myners avoiding the question.

As one of this blog's readers wrote, what would have been the vote if the electorate had fully realized this bill was due on top of all the other bills. Still, there is likely to be another election reasonably soon.


  1. How ironic it would be if UKIP ended up with MPs by the likes Carswell defecting from the Cleggeron love-in.
    After this you may find the whole local Conservative association will defect with their MP.
    Certainly the UKIP manifesto is Tory and Cameron isn't.

  2. It's building....we just need to keep being proven right.

  3. "The UK voters were conned big-time.
    The 3 main parties magically agreed to TV debates that were taboo before, just as long as the audiences were gagged, the minor parties not allowed to take part and a strict control of topics maintained.

    When these took place, they were timid affairs and ended up with various participants 'agreeing' with the others.

    All this had the effect of boosting the most Europhile leader, Clegg, because he came over as a 'nice' boy and untainted as were the other leaders because their parties had been in government since WW2 and beyond.

    It is interesting how many women are saying 'they look good together' and 'give them a chance'...yet more evidence that UK society is now feminized and appearances/youth
    count more than experience and toughness(which will be needed to solve the UK's problems).

    This coalition suits the EU down to the ground because the LibDems will be Cameron's excuse NOT to take issue with more federalisation - yes, there is a commitment NOT to join the Euro for THIS Parliament - but that is all.
    A Milliband Govt, who will probably be elected in 5 years' time as the voters punish the 2 incumbents for hardships endured, will certainly take the UK in if the project is still alive by then.

    The willingness by the Tories to allow a huge increase in capital gains tax will devastate the housing market because with Pensions looking shaky investments after Brown's Tax raids, many tried to get into BTL in order to save for their old age and this section of the market will collapse, bringing thousands more properties on to the market and therefore lowering prices significantly.

    With Inheritance Tax likely to hit most householders in the SE, there will be less and less 'trickle-down' wealth to these people's children so that they also will have nothing to fall back on in their old age because savings will fall as wages are kept low.

    As Jefferson said, 'if the People allow the Central banks to take over the money supply, they will one day awake as slaves in the land their forefathers conquered'. He was referring to the USA, but the theory applies equally anywhere else.

    The UK is now a Socialist nation, albeit with a Champagne mentality at the top and a sense of Benefit entitlement at the bottom. I hope the people are happy with what will result in years to come."

  4. I wrote an article about this at Gates of Vienna:

    The Prime Minister Who Isn't

  5. Cameron letting in a liberal Europhile is not a good sign.

    Cabinet job snub as Cameron passes over Tory eurosceptic for post of Europe Minister

    Read more: Daily Mail

  6. "Just when you thought the EU could not go any further down the road towards authoritarian excess, it gets worse The Telegraph

  7. It does not exactly matter who is Minister for Europe. As it happens, Mark Francois is not a eurosceptic by anybody's standards.