Showing posts with label Financial Times. Show all posts
Showing posts with label Financial Times. Show all posts

Sunday, 25 May 2014

RANDOM THOUGHTS AND SOME SNAPS FOR SUNDAY

Mark Coburn, who cycled from Rome to Scotland to raise money for the YES campaign arrived home last night. Munguin's intrepid reporter was on hand to catch a couple of photos of him. It's worth mentioning that he did the bike ride with a broken bone in his elbow and four cracked ribs.

Munguin's woman on the scene was none other than Arbroath to whom Munguin sends his sincere thanks for sharing the pictures. Expenses are paid, he reminds her, on the usual basis. (Anything over £500,000 is reimbursed fully.)
Mark, his bike and Arbroath's car!
Mark with Arbroath, her partner and a friend from YES.
More photos on Yes South Annandale Facebook page

The Euro part of the election results hasn't even been announced yet (counting can't begin till after the polls close in all countries... and even then Western Isles won't count on the Sabbath so we won't have the final results till tomorrow), but based on what, I'm sure UK politicians see as the more important elections (English local councils) the knives are out for all the party leaders.

It's been hilarious listening to them wriggle and squirm over the last few days.

The parties are turning on their leaders and factions are setting up. Conservatives like our old favourite Jacob Rees Mogg are urging a pact with UKIP; Labour MPs are calling Ed Miliband weird and there are widespread calls for Nick Clegg to stand down.

But fear not. None of them will go. It's far too near the UK elections and the Scottish referendum for that, so we will have all of them to laugh at for a while longer.

My favourite interview has been Gideot telling us he respects Nigel and the people who voted for him and that they/he must do more listening to and understanding "ordinary" people. (He'll have to meet some first.)

The phrase that keeps coming to mind is: "when thieves fall out, honest men come by their own".

Talking of which...
How useful this will be to the average person from Glasgow or Wick.
Will Londoners be helping to pay for new sewerage in Stornoway?
And isn't sewerage in England a matter from private companies?
How handy this train will be for people in Kirkcaldy, or  Keith.
Hop on and hop off.
Studies have shown that it has the potential to damage the economies of Eastern Scotland
and yet we will end up paying £& or £8 BILLION towards it.
Oh the benefits of the greatest union ever known to man or beast...
And, just a few months in they are starting to question whether
the will be able to sustain the universal delivery. Look out
fro massive price rises in all but the biggest cities in Scotland
It speaks for itself. Add in the BBC money taken from Scotland
to be spent in the UK. All the taxes from Tesco and its
 likes  that go to London. What a rip off.
This is what I just don't understand Labour.
What is their motivation?
Well, of course, there is this. Eh Robertson, ffoulkes, Martin,
Liddell, and Wee Jock (it's a kilt I tell ye) McConnell.
No daft Tory aristocratic titles in Scotland
Oh yeah... and that.
Doubt you'll do that in Edinburgh.
Actually, you have to travel every day. Tough!
Unless of course you like having the lowest pension
by comparison to average wage in the developed world, in
which case the UK is just superb.
In fact what you pay would buy a far far better set of public services
So, you read it in the Financial Times,
that well-known pro independence paper...?
They used our taxes to commission a report and when it didn't
 say what they wanted it to say they hid it.
Does that sound familiar?
Oh, I feel so safe with that big safety blanket of the UK's
broad shoulders and clout to keep me from harm.

Saturday, 10 May 2014

SNAPS FOR SUNDAY

Queue Cilla Black: "Surprise Surprise"
Bet the CBI wishes they had that many members
Easy, huh?
Yes, well, erm... Britain has always had a strange way of looking at things.
"Broad shoulders Gunner Parkins, Show 'em off boy!"
I'd believe you... It's always been about money.
Ahhh now, pay attention Nobs. This is what a
 Grass Roots campaign looks like!
Must have been a big news day... The BBC never found time to report that.
Odd!
Unlike the UK, which does not.
Oh, more good financial news for Scotland.
How odd. The BBC hasn't mentioned any of this.
Seems logical, Iain.
NO no no, never mind that Swedish blokey.
Thing of the money.
That is the million dollar question.
Well, nothing that makes any sense.
But, if in doubt, you can always say "clout" 1000 times.
There's a man with Scotland's his own interests at heart.
Dave chilling with the kids, like he was just an ordinary millionaire
Get stuck into them, Iain
Statement from Gary Wilson, ex strategist with Better Together.
Welcome aboard, Gary.
Well, be honest, how often will you use it?
When people ask, how will you afford ... whatever
We can always remind them that when we don't have to help
 pay for railways and sewers, wars and nuclear weapons, the House of Commons,
Lords and Windsor, embassies in places no-one has heard of
and punching above our weight , we'll be able to pay for a lot of things
 that most other western nations take for granted.
Spare me from the thought of this one getting emotional.
Lidl's hens have it...
Unlike everyone else, they will have a transitional period
so they  can still get their pensions early.
Thank goodness, the poor wee lambs, I hear you say.

Oooooops... I dunno, these Grass Roots organisations, huh!
He could send that along to debate with Eck.
Give Anas his due, apparently he knew he was doing this,
and did it with good grace.
Welcome back to a Scottish pub mr Farage...
Anyone elver seen this man sober?
Don't let Niko see that. He's a right stickler for spelling.
And, just to chill out with....
Pretty in Purple
Striking steps...

Tuesday, 10 December 2013

FOOD PRICE STORY PROVES TO BE YET MORE FEARMONGERING

Dear Old Niko reminded me last night in his post of the scare stories about food becoming more expensive in an independent Scotland. 

And I don't blame him for believing it, because it wasn't one of the Daily Mail howler headlines warning that Christmas celebrations will be banned in Scotland after independence (although there are some that wouldn't have a big issue with that!) or moronic MPs warning that all young people studying at English universities will become foreigners in 2026 (gotta admit Maggie will go down in history for that one...).

No. This came from no less an organ than the Financial Times.

It seemed to me from minute one that the story was ridiculous.


Because, while many things in this country do not operate in a free market… electricity, gas, telecoms, etc all seemed to be fixed… in general, the retail industry does seem to be pretty cut throat  and if you have the time, energy and transport, you can go round all four getting the cheapest deal on everything. Why would that change?


Of course getting past the ‘Sunesque’ opening paragraph in the FT: “Scottish consumers will pay more for food if they vote for independence in next year’s referendum because Britain’s big supermarket chains plan to raise their prices north of the border, senior executives have warned”, you find that senior executives did nothing of the sort.

The UBC masquerading as BBC, reported in a rare moment of honesty: “Neither Asda nor Morrison’s said they had any plans to raise prices in an independent Scotland”.  Meantime, Tesco and Sainsbury’s have distanced themselves from the report.”

The executives of the four large supermarkets reportedly told the FT that they currently absorbed the extra cost of doing business in Scotland into their overall costs.  I’m assuming they mean that they accept that trailing everything from their head office to Scotland costs them more distribution, but then that is true of the whole group of islands.

ASDA is based in Leeds; Morrison’s in Bradford. So presumably it costs it very little to distribute food in the North of England, but much more to Shetland or the Scilly Isles, Cornwall. Sainsbury in based in London and Tesco in the home counties of England, so different story there.

The truth is that the supermarkets have warned that if an independent Scottish government increased the cost of doing business, then they would have to look at the prices. However, as the only two parties that might form a government in Scotland are committed to lowering the cost of doing business (the SNP have indicated that they would lower corporation tax, and Labour while in power in the UK did so, with Gordon Brown promising to do it again as soon as he could), that is unlikely to happen. 

Business for Independent Scotland has an excellent article here for much more detail.

And what we have learned is that the once reputable Financial Times has sunk to the level of bending the news to suit its agenda. Fortunately their Scottish sales figures are laughably low (35% of the Paisley Daily Express and 20% of the Greenock Telegraph), not a lot of people will have been glued to the story.

If BT quoted it as fact, it says as much about them as it does about the FT?

Sunday, 29 August 2010

THE CUTS WILL DISPROPORTIONATELY HIT THE POOR



It seems that it is an excellent time to bury bad news.

The Institute of Fiscal Studies (IFS) has reported that the coalition’s budget has affected poor households disproportionately, but little has been made of this in the press, as Nick Clegg settles his feet under the desk for a prolonged period as acting Prime Minister.


As an aside, do you remember the derision which met Nick Clegg’s statement, made only a few months ago, that he came into politics to be prime minister .....? Eat crow people who smirked or even belly laughed!

The IFS’ assessment highlights impact of the looming cuts to public services, which will hit poorer households significantly harder than richer households.
The Financial Times, no less, reckons that the IFS conclusions will put massive pressure on Liberal Democrat MPs. After all, which Liberal could honestly say that he came into politics to vote for measures that target the poor as a means of bringing down a deficit which has largely been caused by the rich?

The FT’s own calculations, based on the effect of cutting public services by 15%, showed the losses were heavily concentrated in poor families and dwarfed the effects of other Budget tax and benefit changes. Losses for the poorest 20% of households would be around 8% of income, with losses of less than 3% among the richest 20% of families. Given that the richest really do not use all of their income on a daily basis, and the poor usually do, the unfairness is compounded and will in some cases, bring real misery.

The results,
interesting, contrast with the Treasury’s own analysis, which amazingly, and conveniently, does not include the effect of public spending cuts, and so shows larger proportionate losses among the richest.

Spokesmen (people) for the chancellor said that he had been “totally straight and clear” about what was included in the Treasury analysis and what was excluded. One claimed the chancellor’s boast that the Budget “was progressive” was accurate. He said the government had implemented some of Labour’s policies.

As if that were some indication of progressiveness!!!

But, in most media this was small beer compared to the Earth shattering news that, in Kernow, a wealthy lady had given birth to a baby daughter just like approximately 1,900 other women across the United Kingdom.

Awesome.