web analytics

The Budget Pox

By ATWadmin On March 20th, 2007 at 10:48 pm

Tomorrow is a big day for Gordon.  Our thieving Chancellor of the Exchequer will deliver his 11th and final Budget to an eager Labour Party anxious, in the main, to enthrone him as Tony’s successor.  Brown had landed the British people with the largest tax burden in history, so it will come as no surprise to ATW readers that I won’t be holding my breath for any goodies to come the way of the middle classes or my particular demographic – the single person.

What will be in store?  Presumably if you are unemployed through the smokescreen of incapacity, have a veritable commune of kids, or have landed yourself at the mercy of socialist benevolence thanks to the availability of tax credits, you will be frothing at the mouth in eager expectation.  Given the ‘green’ fascist agenda so assiduously propagated by this administration I would also bet that moves to have your house looking like a miniature version of the Eden Project will save you being held at the Treasury’s gunpoint.

However, if you want to relax by having a smoke, socialise at the pub over a pint of beer or, lo and behold, wish to purchase a car with an engine capacity greater than the raw, throbbing power of a Ladyshave, expect to be hit financially with a blow equal to a Audley Harrison right hook.  Tomorrow, whatever the MSM may claim, the return of Old Labour will be raised by several notches.

 

Adam Smith: an enlightened choice

By ATWadmin On March 13th, 2007 at 6:27 pm

Adam_Smith.jpgThe new £20 note has been issued today by the Bank of England, featuring the economist and philosopher Adam Smith. The choice of Smith (1723 – 1790), most famous for his economic opus “The Wealth of Nations” and “The Theory of Moral Sentiments”, is slightly controversial, as he was of course Scottish (- overseas readers may not be aware that there are various banks which issue money that is legal tender in Britain, including three Scottish banks), but then the Bank of England was founded in 1694 by the Scotsman William Paterson.

Our over-meddling, over-taxing Scottish Chancellor may care to reflect on the wisdom of Adam Smith before adding to our burdens:

“It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense… They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will.”

 

Talking Point – 26.02.07

By ATWadmin On February 26th, 2007 at 7:36 am

‘The British welfare system has been the complete and utter ruination of this country and its society.’  Discuss.

About Turn?

By ATWadmin On February 12th, 2007 at 12:26 pm

I was delighted to hear the the SDLP Mayor of Londonderry, Helen Quigley, has called for greater links to be established between Ulster’s second city and the capital.  The story is carried in the Derry (sic) Journal as the collective conclusion of a major gathering of business and community leaders from the Maiden City.  They attended a reception at London’s Guildhall where they said that, with Londonderry now only an hour’s flight from the capital, every effort should be made to capitalise on the effect the 2012 Olympics might have.  It was even mooted that Londonderry should perhaps become a satellite training base for Olympic teams.  Councillor Quigley said:

‘I think it is important that we have a relationship with the financial capital of the world. We need to maximize the potential that is there. This event is a wonderful opportunity to build relationships right across the four themes.  The two cities have a rich history and we should be using it’.

I can’t argue with that.  Every part of the country should be able to benefit from the economic powerhouse that is Europe’s largest metropolis and the world’s most important city.  What I do find a little strange is that the bedrock theme of this reception was the historical linkages between London and its Foyleside virtual namesake.  Yet, only a few months ago, we had the spectre of Quigley’s party teaming up with the IRA in an – ultimately futile – attempt to remove one of the principle manifestations of those ‘historical links’ – namely the official name of the city itself.  Alderman Sir Gavyn Arthur hailed the 400-year old special relationship between these two cities of the United Kingdom.  How ironic is it that a party so keen to airbrush the titular aspect of that link should now be shouting about ties in general from the rooftops?

Could this herald a new dawn by the less unpleasant brand of insurrectionists?  Who knows, the SDLP may, in time, drop the aspiration to ‘Irish’ unity as a cornerstone of its raison d’etre, and instead concentrate on something that IS actually possible.  We look on with interest.  Meanwhile, we who believe passionately in the Union should applaud Quigley for her new-found conversion to appreciating reality.

Thought you’d like this one!

By ATWadmin On November 5th, 2006 at 10:19 am

I was compelled by some unknown force to share this particular gem with a wider readership, as it epitomises many things; amongst them being the total lunacy of the British sense of humour, and a true sense of the absurd! This from the wonderful economics commentary website of the Adam Smith Institute:-

 

An attractive blue and white blind appeared over the front of my butcher’s shop in the high street. I complimented the butcher on it.

"Yes," he said, "my customers bought it for me."

I expressed astonishment.

"Well," he continued, "do you remember that collection box I had on the counter with a ‘for the blind’ notice on it?…"

THE POPULATION ECONOMIC TIME BOMB…

By ATWadmin On November 2nd, 2006 at 9:16 am

Interesting to read the Governor of the Bank of England criticise Government for its failure to accurately estimate immigrant numbers in the UK. Mervyn King, a relatively mild-mannered man (Who I had the pleasure of meeting some years ago back when he was the Deputy Governor) has warned that the Government’s inability to say exactly how many immigrants are living here is even hindering the Bank’s ability to set interest rates. King is right – there are obvious economic consequences for a nation which either covers up/ denies/  doesn’t know how many people are pouring through its borders. But Labour have proven consistently evasive on this issue – in pursuance of it’s own political agenda of multiculturalism at any price.

The danger is clear.  Starting with the bungled 2001 Census, which is believed to have under-estimated the population by around one million, problems have been compounded by the huge influx of eastern Europeans since the controversial expansion of the EU on May 1, 2004. The Government believes around 600,000 have flooded in – more than 25 times its original estimate – but there is no accurate figure. Ministers also do not know how many are unemployed, as most of the eastern Europeans are not entitled to claim benefits. As a result, the Bank has been left with no idea how many people are living in the country. And, because this means it does not know how many are out of work, this makes it far harder to set interest rates.

And this is what may eventually yet banish these Labour parasites from power. The UK electorate seems lazy on so many big issues, virtually sedated, one could say. And one major reason for this is the superb job the Bank of England has done in controlling interest rates and inflation. That was the one good decision Labour took when it came to power. This resulting economic stability has tended to dominate all other issues.

But thanks to uncontrolled immigration, the economic consequences are now threatening the very effectiveness of the BOE to do its job. Mervyn King makes a timely intervention – but with another wave of Romanian/Bulgarian immigration on the horizon, perhaps it is too late for Labour to solve the huge problem it has brought about?