None of us can remember temperatures as low as these before Christmas. This morning we eventually thawed out the hen’s drinking utensils only to see them re-freeze almost at once. Even the hens seem dispirited, a large crowd stood around in the manner of spectators at Old Trafford waiting for the rain to stop. I’ve mentioned our retired bank manager Phil before, he made an appearance as we gathered for a brew. Having no animals to care for Phil only visits the allotments spasmodically at this time of the year but he likes to cheer us up with tales of banker’s perks. Today he mentioned that a former colleague has just heard that he has a record bonus this year. Hooray we cried.
In many industries bonuses are a matter of a few hundred quid at year end if results are favourable. Our bankers work to different dimensions. We have yet to see this year’s figures but for 2009 we know that 2,800 bankers each received total remuneration of over £1 million. The bulk of the amount came from bonuses in a year when the banks brought the country to its knees. And the word is that this year’s numbers are up. Alastair Darling responded at the time by imposing a one-off tax on banker’s bonuses and he netted a very handy £3.5 billion for the public purse!
But now we see a very strange development in which, for whatever reason, the two men who before the election hurled venom in the direction of the banks, are falling over backwards to remain their best friends. Just over a year ago George Osborne went on GMTV and slammed banks for paying “inexcusable bonuses”. We will, he declared, “end the big cash bonuses. If there is spare cash it should be lent out to small businesses”. Scroll forward to this week and what do you find? Osborne has referred the matter to Brussels, which is the equivalent of very long grass, and has confirmed that there will be no UK action.
Meantime Vince Cable, who had insisted that any bank employee being paid more than the prime minister would have his or her salary and bonus details published, has now decided otherwise. A government that has not hesitated to apply that criteria to senior civil servants has curiously lost its nerve. We are all in it together? It seems not!
There has also been a good deal of comment from the legal profession about the absence of prosecutions arising from what happened. It is true that several leading lights left in something of a hurry after the taxpayer’s bailout but they have re-emerged in equally well-paid positions in the private sector. Some of course, such as Fred ‘the shred’ Goodwin, have been ennobled.He may have cost us a few bob but we must remember to call him sir.
Without putting too fine a point on it there clearly is a strong link between this government and leading financiers. Bonuses are to continue at obscenely high levels, there are to be no prosecutions and the scandal of tax avoidance schemes, that rob the treasury of an amount equal to the deficit, is to continue unchallenged. One suspects that Osborne et al are gambling on the fact that few of us understand in detail what the banks did. They are right on that but we do know that their being forgiven and rewarded excessively is unacceptable. But what can we do, it is clear that the banks had Brown in their pockets and have now slipped in their old chum Osborne.
None of the wealthy clique will have heard of Doug Paulley. Perhaps they should pop along to his residential care home in Yorkshire. Doug is a 32 year-old wheelchair user, having been diagnosed 14 years ago with a degenerative neurological disorder. He and his fellow residents in the Leonard Cheshire Home are allowed £22.30 per week from their benefits. Up until now they have also received a mobility fee of up to nearly £50 a week. It was, says Doug, a “quaity of life saver”.
Now it is to be cut completely and will totally curtail the little freedom that Doug and others enjoyed so much. He has said that he hopes he is not still around when the cut happens.
The two situations are not directly connected but it is the banks that created the ruin of people like Doug. And it is their pals in both the last and this government who prefer to see the vulnerable suffer to the alternative, a quarrel with their own!
THE MEDIA TENDS TO BE POOR AT REVELATIONS!
For many years various newspapers have boosted circulation with ‘exclusives’ about the split up/ engagement/marriage of William and Kate. In reality of course they had no more of a clue than any of us commoners but that didn’t stop them from invention.
The Mail on Sunday’s royal correspondent, Katie Nicholl, was billed last week as “the writer who really knows William and Kate”. Her track record suggests otherwise. Private Eye magazine has analysed her many predictions going back to 2004. In December of that year we were told that William wanted to split up for good. But by 2006 William was about to propose. Come 2007 the couple had parted for good. But in 2008 a wedding was being planned – for 2016.
Earlier this month the friend of the Royals was at last able to brief us finally. The announcement would come as part of the royal family’s ”Christmas sojourn to Sandringham” . At least that exclusive wasn’t so far adrift as all the others! Mind you the writer is not alone. Richard Smith of the Daily Mirror wrote in October of “others who make an industry out of wrongly predicting the nuptials – we choose to get our facts right”.
But even this paragon of accuracy failed. He said that “their formal engagement will be formally announced early in 2011″!
ENGLAND FIGHT BACK IN BRISBANE!
Having once described the present Aussie attack as the worst one to ever wear the baggy green cap I feel a little less embarrassed by developments in Brisbane.
In the first innings the England batsman treated Peter Siddle and others with far too much respect. Last night I watched with delight as Strauss and Cook belted them to every corner of the ground. The result should be a draw which will not represent a disastrous start even though ny fiver on a whitewash will have gone the way of most of my punts!
YESTERDAY’S QUIZ ANSWERS; 1. Republic of Ireland 2. Afghanistan
TODAY’S QUESTIONS; 1. Who won the 1979 Nobel Peace Prize 2. In which city did she do her work?