General observations pointed out to me by clever friends:-
PM outlines radical welfare changes.
Regional welfare idea scrubbed at the 11th hour despite aide's earlier media briefing to the contrary. Considers some benefits "in kind" not cash. Vouchers - food?
Obsborne again embarrasses colleagues.
Cyprus - bail out turned down by Merkel, Spanish and Italian interest rates rise. Merkel has coalition problems. If Euro goes, German economy will lose . Spain accepts 100billion Euros plus conditions.
Dominic Lawson - Blair complains about the Euro but he helped create the crisis. Only problem with the Blair Solution - the Germans won't do it, and they can't do it.
Michael Gove - wanted to be a porn star (allegedly) - pity he didn't make it.
Nat West mess - cuts can cost dear. India runs the computers which failed.
World's oldest bank - Banca Monte del Paschi di Siena - asks government for 1billion Euro aid (the first Italian bank to do so since the crisis).
30 NHS Trusts at risk as funding crisis grows - combination of PFI and badly organised changes "Hospital on every street corner" is NOT the answer.
Barclays - Bob Diamond - call for police probe into rate rigging.
Kate to sleep rough one night - her slogan "palace and £66,000 wardrobe to support."
Hospitals, schools, homes - PFI - look at the small print as to ignore it will ensure failure of the business on lack of funding in c 5 years (max). Beware buildings too large - they were build for another purpose (freehold is their game).
London "Exchange and Mart" - the Financial "Industry" is least well regulared in the world and compares with the Wild West in its heyday - lawless, greedy, unaccountable. Foreign business is attracted her for that reason - to share in the trough. The rate rigging scandal is only to be expected in this kind of environment. Should the misdeeds lead to criminal proceedings? Yes, why not?
£290 million fine on Barclays is a joke could just about pay the Boss. HSBC, RBS, Citigroup and UBS are also complicit. Cameron does NOT want to go this far - also FSA have now powers to launch criminal investigations. Osborne says they (the watchdogs) were in talks with fraud police "to see if a case could be mounted" Now, that's a joke and a blind alley.
The financiers take profits and the taxpayer takes the risk.
PFI - buildings worth £11 .4 billion - cost to the taxpayer - £70 billion.
Osborne - latest U-tur in on the 3p duty increase due in August - now delayed till January.
Barclays advisor for 5 years during the scandal years will take charge of NHS financial affairs!