Government Debt and Reducing Inflation
In this financial year, the government is planning to spend £116bn on debt interest - almost as much as will be spent on education and more than we spend on Defence, Public Order, Housing and many other things. Why so much? Because they / the Bank of England have increased interest rates and because we owe so much money.
I still believe in my comments in an earlier blog about the Bank of England's policy to raise interest rates to reduce inflation being flawed. At last we have seen in November, inflation falling to 4.6%, less than half where it was in October 2022 at 11.2%. The reason for the fall is a reduction in global gas, electricity and oil prices; Nothing that the UK government has done or influenced.
Higher interest rates have led to wage prices increases above the rate of inflation, driven in part by higher mortgage rates and higher property rental prices. So instead of reducing inflation, our Bank and our Government have actually been helping to increase it! And then you have the huge increase in lending costs of government debt meaning taxes will have to go up even higher! Incompetence?
Or perhaps I have just got it all wrong.
Sainsbury's Security
We recently bought a bottle of Martini at Sainsbury's and when we got home found that their security device was still attached making it impossible to open the bottle.
I searched online and couldn't find any answers for such a device (there was plenty for other device types). I tried to prize out the tabs that prevented it from being removed but each time I pulled one out another one appeared below it! Time for my little hacksaw and 3 minutes later it was off and time to drink Martini!
Cheers!
Security device on Martini bottle finally removed |
From AS400 to Chromebook via Windows - a 35 year journey
My schooling started in the early age of computers. I remember programming with punch cards. For one of my projects I got our school computer to compose a piece of music using random notes. Then I got together with two friends to play the music as a triple quartet (Piano, Violin, Trombone). It was no worse than Stockhausen! Arriving at Grass Roots in the mid 1980's the company used an AS400. For all programming and also for secretarial work using these green dumb terminals:
AS400 Green Display Screen |
Windows WYSIWYG |
So I have gone 360 degrees - from a dumb terminal with everything saved centrally to a 21st century internet device that saved everything centrally in the cloud!
Migration rises since Brexit
I believe that many people who voted for Brexit in the 2016 referendum did so as they believed the lying politicians who said immigration would reduce as Britain took back control. In fact, as the graph below from the BBC and the ONS shows, it is higher than ever. Only a severe pandemic and lockdown can temporarily reduce it.
Another European Country Moves Far Right
Ss Leonie de Jonge, professor of European Politics at Groningen University, points out, his party programme is anything but moderate.
"The PVV is an archetypical populist radical right party, characterised by nativism, authoritarianism and populism," she said. Mr Wilders wants to cancel the overseas aid budget, cut EU funding and reduce the number of foreign students coming in.
Wilders, Orban, Meloni |
His manifesto ends with a promise of a government that will "put the Dutch back at number one!"
BBC News 25/11/2023
My previous article on migration into Europe is the main reason for the far lurch right. Until more moderate politicians and the EU do something more substantial about this, it will continue. Along with the huge rise in antisemitism, things haven't looked this bad for many years.
Has Rishi Lost His Marbles?
One of the beautiful Parthanon Marbles, currently in the British Museuam |
It seems surprising that the UK Prime Minister is prepared to snub the Greek Prime Minister, a close ally, over some old artefacts. If this causes a diplomatic incident, how on earth can he be expected to work with less friendly countries?
Statues and a stunning frieze |
Quote for the Month
"In Israel, Arabs can vote. In Gaza, Jews are either hostages or dead."
Adam Sidbury, 1st December 2023
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