‘Politics is too serious a matter to be left to the Politicians’

By Sunday, July 14, 2013 0 Permalink

MPs need a pay rise for the sake of true democracy. That's right, you read correctly, and no I am not playing devil's advocate. In fact this is just what I suggested in previous posts. Prussia propounds and everyone else listens! As per the report from IPSA it has been recommended that MPs take a pay increase of around 9%. I wouldn't normally suggest you read lengthy parliamentary reports, but in this case, seeing the virulent backlash in recent days, I would recommend that you do in order to understand better. If it really is unpalatable then please read at least the foreword which make a very succinct and compelling argument in favour of the rise. So, the report makes some very interesting points and suggestions which seen in the wider context are extremely sensible and forward thinking. Suggestions on second incomes, retirement packages and those all controversial expenses are all well set out and necessary for ...

‘A Tale of Two Cities’

I wonder what Charles Dickens would say if he saw London today.... I daresay not much, except maybe a request for a stiff drink. It is a popular rule to adhere to for the über -wealthy, that the three safe havens for their wealth in these rocky times are Swiss Francs, gold and property in London. The economic divide in Britain between rich and poor is discussed at length with commentators declaring that it has worsened and continues to do so. Certainly this government, and previous administrations have done little to turn the tide and boost regeneration. However, in my opinion the sharp and accelerated contrast evident in London is far more disturbing, and like many problems only now being brought to attention. Prevention being better than cure, it is now too late to address the issues associated with it. The FT talks about this as though it has only suddenly happened, but this has been ...

Ra Ra Rosneft, Russia’s greatest company!

However little faith I have for Britain's government I am at least safe in the knowledge they do not manipulate big business and have conflicts of interest which shape the entire economy and political system as Russia does. Though I am sure they wish they were that influential! Rosneft has bought out BP 's 50% stake in TNK-BP for a tidy sum of $27 billion. Nice for BP and nice for Rosneft, but is it good for Russia? It comes after months of wheeler dealing and chitter chatter amongst all parties and the Russian government but I am not so sure it spells good things for Russia as a whole. Modern Russia likes to portray to the world an economy ripe for investment and a nation ready to conduct legitimate business. The reality, if we look at this deal in particular, is far from that fantasy. BP's main reason for wishing to extricate themselves from TNK ...