+++ Police / Parliamentary Officials Discussing Elliot Morley +++
UPDATE 13.00 : He has referred himself to the Parliamentary Standards Commissioner. Unfortunately for him the Taxpayers’ Alliance has already referred his case to the police.
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Lord Lamont told ITV News…
“I think the PM is just human and Ed Balls is a pretty irritating person”
Only elliot Morely?
Why do the Plod go for the easy peasy stuff?
What a waste of police time
The police should be catching proper criminals like ed balls.
What’s with all the Libercrass ads?
Leave it out mate. We’re overwhelmed right now.
I’ve got fifteen meetings this week alone to address health and safety issues affecting the Neasden branch of the Transgender Realignment Rainbow Collective.
Where’s my porkie pies, PC Filth?
Bloody Elliot.
The man who put the bent in incumbent.
The man who put the hoon in SHunthorpe.
Gordon has not helped matters by announcing anyone can ring up for a Policeman to walk them home.
Perhaps the pair of Balls will be next. See Is this the last chance for Ed Balls and Yvette Cooper?
From the Taxpayers Alliance website:
“Following the latest – and most shocking – revelations in the MPs’ expenses saga, regarding Elliot Morley’s claims for a mortgage that had already been paid off, the TaxPayers’ Alliance have registered a formal complaint with the Metropolitan Police today. We have asked them to investigate whether Mr Morley is in breach of any laws, including the Fraud Act 2006.
After a little bit of confusion on the part of the police, who tried to suggest we should “complain to our MP”, they have registered our call with an Incident Number (CAD2149) and apparently police officers will be meeting with Parliamentary Officials today. We should hear more later this afternoon.”
Now, I am not casting asperations but no one spoke to me or any of our officers. If they had approached us we’d be damiangreening it faster than feet could meet ground.
Another Dunking Donut on my desk, PC Filth? What are you trying to do? Turn me into a porkie?
#41 They’re the only decent party standing in the Euro elections who have a way forward to offer on the EU – reform and democratisation.
The alternatives – keep it as it is, or withdraw completely – are not viable.
Because, unfortunately, they have become uncomfortably close to the government, the politicization of the met has been a disaster for justice.
The sooner we get rid of these grotesque and corrupt fat assholes the sooner we can try and get a police force that has some degree of intelligence, and does not need to ask gordon hoon permission to arrest an mp.
There’ll be a lot of hunting, shooting, fishing types rubbing their hands with glee this morning.
And un reconstucted hippies who were forced out of the United Condom in 1995 by John ‘Family Values’ Major for the sin of living in a van and having no address.
They are all lying bastards!
I was never anti hunting. To many working class friends from the village that I come from who love to follow the Hunt. Not very keen on foxes either!
Anyway… the point:
Empty Gourd is only trying to support ‘hard working families, like
Mr and Mrs Balls.
The only one who is not ugly who sits next to Empty, you know the one with the ‘companion’ in the camel business.
The Wintertons.
See! Moral Compass! Man of iron (cast). One good smack and he will shatter!
When are you going to smack the twat, Dave!
Tally ho!
http://therantingkingpenguin.blogspot.com/2009/05/fuck-me-he-even-looks-like-ugly-pig.html
He looks like a pig, too!
The Penguin
Having any trouble keeping up Mr Fawkes?
Events (moving fast ) dear chap, events (and )
o/t 13 overs bowled 31-0 solid start by england
72-1
ot lunch 85-1 strauss out bowled gayle caught ramdin
“A weeks a long ( list of troughers who should be doin) time in Politics “
Yes, it’s strange how the scapegoat changes from day to day. Last week it was going to be Blears, this week Morley. It’s a way of ensuring none of them are punished in the end.
Not forgetting ‘five bellies’.
Indeed. There will be no convictions. A few slapped wrists mayeb then it will all die down.
You see, they were ALL at it to some degree. All parties too. So there is no incentive for one party to push for reform; no way anyone can be holier-than-thou. And, for the most part, they were within the rules.
Its not fair that they set their own rules, but they did. It stinks, but your individual MP will have been told by all their colleagues, by their Whips and by the Fees Office that the money is there to be claimed so claim it. The Fees Office appears to have been there to act like an advice bureau, telling them what benefits are on offer for them. Of course, some MPs decided they didn’t want to go down this route and no doubt their colleagues laughed at them. But the sheer scale of this systemic twisting means that its nigh-on impossible to single out a specific MP to be expelled.
Morley seems the likeliest option so far, and people are quoting the Fraud Act, but if he pleads ‘honest mistake’ then there is no mens rea – no intent to act dishonestly. Can it be proven that he wilfully behaved dishonestly? Doubt it. No case to answer will be the response of the CPS.
And, despicable as they are, it is unfair to vent all the anger and frustration on one MP.
It gets the conviction rate up.
Open and shut case – no need for the SFO. Shouldn’t take more than a day in court, or less than a year in jail.
Why do they go for the motorist…….
Once the evidence is published, each of us will be able to ask the police to investigate whomsoever we please.
Until then, avail yourself of Mr Blair’s much vaunted honours recommendation system and recommend (pending his identification) the mole in the expenses office for a knighthood.
Kin Amazing, there’s a whole army of Plod stood outside Morley’s (the taxpayer’s) house, laughing, joking, smoking and generally having a good time. Ain’t they got any criminals to go after, like the occupier?
This is disgraceful. The Police should be catching real criminals, like underage drinkers, antigay fundamental preachers and all men who have are or will in the future lust after women. We are getting on with the business of running the country.
http://news.bbc.co.uk/1/hi/uk_politics/8049614.stm
I actually ended up feeling very slightly sorry for him – he could barely talk.
The thing is, it was widely known that expenses were a way to boost salary, and widely accepted – it was down to the personal conscience and regard for taxpayers money that determined whether each individual MP would milk it or not.
All that has happened is that we have a foolproof way of examining the morality of our elected officials – they had no idea these would ever be published.
He will clearly never be elected again, and I have a feeling when the full claims are published the vast majority of mp’s in the house will find themselves verging on unelectable and dropped by their “loving” constituencies.
So, I repeat my suggestion, 50 cal machine gun, it would probably be more painless as this isn’t going away for a good while yet : )
(let’s be honest, we’re loving it)
I see he’s been suspended from the Party.
Yeah, I look forward to seeing Ed & Yvette being hung out to dry.
Labour politicians have always been filth. In the 1960/70′s they were destroying Victorian Britain – replace city and town centres with concrete boxes – for gifts as cheap as a weekend on a barge on the Norfolk Boards.
Has anybody ever in the history of the world ever met a labour politician who wasn’t a retarded money-grubbing lying thief?
Complaint(s) to the Met today. This one is sure fire out on his arris today (pm) and up for prosecution under some fraud or other act of parliament.
I’m sure the CPS will manage to drop the ball on this.
Can’t Prosecute Socialists
Exactly.
Who called them in? I bet it wasn’t Gorbals Mick.
Yes, yes, yes! Fuck him! Fuck him hard! Make the bastard bleed!
tax payers alliance
yes Freddie, it’s just not cricket!
Good.
I think all of this could be settled with a 50cal machine gun and some bin-ties.
Perhaps the taxpayer who suggests the most original method of sorting out these vermin,actually wins a 10 year exemption on their own tax,plus free Ikea bags for life ,a supply of bathplugs for their home town and a prime seat to watch Blears riding pillion on her motorbike over Beachy Head with Brown at the helm (oh of course – he can’t drive either!).
Well for the odious Mr Morley, the only solution surely is to dress him in the pelt of a recently skinned fox and then give him 2 minutes’ head start on the hounds and assembled members of the Quorn, Belvoir, Surrey Union and any other Hunts you can muster for the occasion!
Then see how long he lasts…
Nuke them from orbit, its the only way to be sure
That’s my fucking line!
They mostly come at night. Mostly.
Send a squad of plod into the House of Commons to arrest the bastards – Speaker Martin doesn’t give a fuck so they don’t have to ask anyone and don’t need a warrant.
I reckon we should send in Gene Hunt…
“Right you lot, you’re all FUCKING nicked, come on Gorbals move your fat arse, you’re slower than a spastic in a magnet factory – Oi Jacqui nice baps by the way !”
The Common Purpose police won’t want to investigate these frauds.
More about the Common Purpose Stasi: http://www.stopcp.com/cppolice.php
You might want to take that tinfoil hat off mate
Sadly, I fear not – plod has changed and become a very nasty , incompetent & politicised animal. And thats a view expressed recently by a serving chief constable of one of the smaller county forces.
Reluctantly, I have to agree.
As long as common purpose churns out coppers like Cressida Dick and BBC hoons like Robert Peston, I shall remain very suspicious of this organisation.
I shall endeavour to get us back to our traditional standards.
Super – can you rough me up and call me a slag?
I was a firm believer in Stupidity Theory, as oppossed to Con Theory.
This position is getting more and more difficult to mantain!
See Financial Crisis!
Almost impossible to believe that the whole thing has not been done deliberately and on purpose, common or not.
MAINTAIN
Move along there, Mr. Hippy and get a bleedin haircut. Over.
Wasn’t his father, Eric, connected with Miss World?
No – wrong family – I know the “Eric” Morley family and he is nothing to do with them.
What about Sheridan Morley? Any relation?
I hope he is nothing to do with Robert Morely, that really would be awful.
I think Sheridan Morley was Robert Morley’s son. Is Elliot the son of the late Sheridan??
Surely Sheridan was Mrs Buckets son?
Any relation to Tony Morley of Aston Villa fame?
Where do I fit in?
I think he’d have liked to have been connected.
We as taxpayers would be crucified for this – they just have to say sorry?
Hoon and Darling should be the main focus – very simple.
I await the Balls and boy wonder Cooper show tomorrow.
He’s really for it and will be the sacrificial lamb that the public – and Brown – require.
I am all but certain that he is going to cop for a 2 week suspension. Possibly even more, given the current mood. Poor bastard.
But, if he is set up as the sacrificial lamb and therefore the precedent, what does Brown have to do as and when the nearly inevitable filth on Balls is released?
By the neck from a rope.
I am becoming more and more fed up with “One law for them, one law for us”
Talk about pigs at the trough.Anyone notice how porcine Morley looks with the big fat face and little piggy eyes??
OINK OINK!
Has anyone ever seen a thin MP?
Jim Murphy. The Northern Britain Secretary. He’s skeletal and is nicknamed ” Spud ” in jockoland. Not actually seen him for a few days. He normally holds Gorgons hand at PMQs. Maybe he has slipped down a drain.
Why doesn’t the Queen get on her horse, and aided by one of the best general’s from Iraq/Afghanistan, ride down to Parliament and close this sham down?
Forget petitions – lets ALL write to The Queen today demanding that she dissolves the lot of them.
In acid, preferably.
She’s popular at the moment and such a move would make her even more popular!!
Because she knows her history, in particular Charles I.
god save the queen
I’ve already set up a petition to ask Queenie to do just that – sign via my blog http://www.frankfisher.org
Done gladly.
With stephen fry claiming everyone fiddles expenses is it a case of queen saves the god?
Oops – I’d already set up a petition to Queenie too – hope we all feel up to signing twice.
http://www.gopetition.com/petitions/dissolve-the-british-parliament.html
To be fair to Stephen Fry he’s already done time in prison for fraud so he knows what he’s talking about !
I was sent in to bring a loaded pistol for Balls, Smith, Morley, Darling, Cooper and the One eyed Stiff One….but they tried to shoot me instead.
Lonely Planet -Prisons section;
Complimentary copy for Elliot Morley.
Dear Mr Morley this would be the nearest jail to your constituency:
Please report soon.
Everthorpe
Everthorpe is a category C training prison which opened in 1958 as a borstal. It was converted to its present role in 1991 and now holds convicted male prisoners. In 2005 HMP Everthorpe underwent a significant expansion programme that provided two new wings and 220 places. The expansion also included a new workshop complex, gymnasium and visitors centre.
Address:
Beck Road
Everthorpe
Brough
East Yorkshire
HU15 1RB
Tel: 01430 426500
Fax: 01430 426501
Governor: Susan Morrison
Accommodation: All wings offer modern house block cellular accommodation.
Operational capacity: 689 as of 7th December 2007
Reception criteria: HMP Everthorpe would not normally accept:
•VP/rule 45 prisoners
•Life sentences
•Escapees/attempted escapes in current sentence
•Unfit for any class of work
•Any un-stabilised medical conditions.
That is so clever and funny
As you can see from our reception criteria, we do not accept those who are “unfit for any class of work”.
Mr Morley – I am afraid that means you will have to find accomodation elsewhere.
… and don’t bother sending the Gorgon down here. As you can see, we don’t accept “any un-stabilised medical conditions”.
i forgot to put my seatbelt on the other morning……a motorcyclr copper stopped me….gave me a lectue about how they were helping everyone with safety!
i said sorry! strangely it didnt work for me and he gave me a ticket for £35!!!!!!!
he asked for id- i didnt have any (i dont fucking need to carry it you hoons) and he gave me a very accusing look!
after checking my details-all correct of course – he warned me that i could be taken to the cells for a few hours!!!!!!!
so come on plod-find some balls and stop terrorizing the public when the real criminals are under your noses!!!!!!!!
Fucking rotter, sir. Over.
Whiskey, tango 4-zero, believe motorist to be “armed and dangerous” over…
Foxtrot Oscar
I was proceeding in a Northerly direction when the accused tried to ram my motorcyle.
wearing a loud shirt in a built up area, your Honour…
But you were a motorist – the great satan who shall provide 90% of the tax take for ZuNuLieBore projects to get people to vote for them.
Brave Boys in Blue or Cowardly @unts in Yellow ?
It must be easier to hide without the Hi-Vis.
Therefore easier to collect the Taxes.
Joined up government ? My arse..
That’s nothing!
Give us Rennard’s head on a stick!
REN-NARD! REN-NARD! REN-NARD! REN-NARD!
Arrest the bastard without charge. Keep him custody. It’s all within the “rules” isn’t it?
yes 42 days should be enough, and then can we try to deport them?
Would it not be possible to use the Terrorism Act?
Jackboots seems to allow councils to use it for rubbish disposal offences.
There is already a precedent for using the Terrorism Act in the case of Parliament.
Go for it!
Don’t see why Conservatives should be the only ones to benefit from Plod’s anti-terror squads.
He’s the first of many. Stupidity is no defence in the eyes of the law. Paying the money back is not an option. Charge him.
Then move on to Balls and Cooper and the rest of the troughing scum.
House of cards come tumbling down.
Stupidity is a defence, stupid.
Yeah – just ask Baroness Uddin
It worked for you.
Make it so!
Baronees Undid
Bet Cooper Balls are in the clear the pair of slippery Hunts.
C’mon Guido- catch up!
http://www.dailymail.co.uk/news/article-1181527/Camerons-Commons-aide-quits-unacceptable-expenses-claims.html
amazing really the only people to go are Tories again.
But thats really camerons pre-emptive rules for people who want to keep the conservative party whip ?
ie (more) competant (than Brown) party management and damage limitation. I wonder what the labour party is waiting for.
Tactics m’boy! Tactics!
DC’s ahead
It’s not exactly a shocking cull.
Do you realise Andrew MacKay’s salary has goone from £64,766 to £64,766 a reduction of £0?
Not such a big deal.
He was the Senior Parliamentary & Political Advisor to David Cameron
Ah, it’s clear now, you’re spinning aren’t you?
Now we know who put the Hunt in S Hunt Thorpe!
The Penguin
You got a marked copy of the electoral register, postal votes, ‘n all?
This one beggars belief! There is no way this could be classified as a “mistake” that can be paid back and forgotten and forgiven. This is a criminal act and surely must be treated as such? If Gordon lets this one walk, Labour will be out of power for a generation. The only debate really is what charge to use.
Insert swear words here!
Brown’s problem is that Morley knows where the skeletons are. The same is true of almost all the Labour piggies. If plod won’t arrest Morley on the spot, Brown has some very difficult decisions to make.
But nowhere near as big as the ones he will have to make shortly.
brown is in office not power
Fraud, schmaud shut up you silly little people and let us get on with the important business of lining our pockets and sorting out a nice little post in the EU when we are booted out of the local council formerly known as Westminster.
wrong again Freddie, I’m afraid, Brown’s in da bunker!
Gordon Brown please be an eagle and not a mouse
Adlertag is on its way Heinie.
Der Mann is ein Arschloch.
Er soll sich verpissen.
Der Mann ist EINEN arschloch.
DAS Loch
und jedenfalls mit SEIN benutzt man immer NOMINATIV
In England sind die Schulen kaputt
Macht euch nackig, Jungs!
I have not seen anyone mention the most obvious provision of the Fraud Act that any number of MP’s have breached which is section 4 of the Fraud Act 2006 (so one good law this Parliament has passed)
4. Fraud by abuse of position
(1) A person is in breach of this section if he -
(a) occupies a position in which he is expected to safeguard, or not to act against, the financial interests of another person,
(b) dishonestly abuses that position, and
(c) intends, by means of the abuse of that position -
(i) to make a gain for himself or another, or
(ii) to cause loss to another or to expose another to a risk of loss.
(2) A person may be regarded as having abused his position even though his conduct consisted of an omission rather than an act.
The only thing you have to really prove is dishonesty – a matter for the jury – in the court or in the court of public opinion.
Wouldn’t it be quicker to post the sections of the Fraud act that they haven’t breached ?
Seems our MP’s have comprehensively covered that section . They must have been pissing themselves passing that in 2006 . If only we had an army of Mr Gary Keogh’s to give these Hoons the Gleeson treatment every day until justice is served .
Could be tricky to prove the intent required for 1(c).
Not tricky at all, the intent is proven by what they accrued for themselves ie did they “intend” to obtain their second homes/bathplugs/horseshit etc etc by abusing their position or did they “accidently” obtain these things. Rather obvious really.
Andrew MacKay
Type Additional Costs Allowance
2007/08 (ranking out of 645) £22,575 (256th)
2006/07 (ranking out of 645) £22,072 (joint 230th)
2005/06 £21,545
2004/05 (ranking out of 659) £19,117 (354th)
2003/04 (ranking out of 658) £20,188 (230th)
2002/03 (ranking out of 657) £19,722 (joint 1st)
2001/02 (ranking out of 657) £15,733 (254th)
Julie Kirkbride
Type Additional Costs Allowance
2007/08 (ranking out of 645) £23,083 (joint 1st)
2006/07 (ranking out of 645) £22,067 (235th)
2005/06 £21,613
2004/05 (ranking out of 659) £20,901 (joint 189th)
2003/04 (ranking out of 658) £20,319 (187th)
2002/03 (ranking out of 657) £18,073 (425th)
2001/02 (ranking out of 657) £15,723 (259th)
Wow!
Fucking robbers. . . . it’s a conspiracy
Time to stop married couple both becoming MPs.
That’d sort out the Copper Balls and the Wintertons also.
If Morley is charged and jailed wouldn’t this trigger a by-election?
If so I wouldn’t want to be the Labour candidate….
If Bobby Sands could be elected whilst serving a sentence, I don’t see how actually going to prison triggers a by-election. Unless the rules have changed since 1981.
Though you think he’d resign his seat in shame…wouldn’t you?
The rules were changed after Sands to ensure nobody serving a prison sentence could stand.
Morley would have to stand down…though not sure if he can still be an MP whilst under arrest and pending court case.
Good ol Bobby. I hope he’s following the exploits of his mates Jerry and Martin – they are not exactly going hungry.
They changed the rules precisely because of the right hon Mr Sands.
Being a thieving Sinn Fein Hunt, Bobby Sands probably still claimed the £400 food allowance
No.
Interestingly I’ve read that most MPs are Mister, and not Right Honourable. The term Right Honourable is reserved for a select few MPs and is used to signify their place on the Queen’s Privy Council, an archaic and now largely defunct section of Parliament. This Govenment has systematically eroded the powers of the Privy Council to the point where the Queen has almost no powers over Parliament left.
These high profile releases, both in respect of individuals and claims, are all very well but does anyone know if the DT is going to give out information on our own MPs (usually back-benchers), or how such information can be discovered?
I took some action today to get my MP to explain herself.
See *56
Excellent idea……. just done mine…I suspect he will state wait fro July.
Try this in the Grauniad – http://www.guardian.co.uk/politics/2009/may/14/elliot-morley-mortgage-expenses
He has been claiming for at least 21 months and used a bank statement to pretend it was proof of mortgate details – it was actually an endownment policy payment.
FRAUD.
RIGHT – you know it – I know – Morley knows it – Brown knows it
We all know
….. do not pass go -
Exactly. There’s no way he would be paying 800 quid interest on a mortgage bought in the 1980′s. Endowment policies are expressly excluded from the 2nd home allowance as they are classed as a kind of investment account. He’s stretching to total incredulity the claim that this was a mistake.
1. He says he claimed the endowment policy by mistake, and not the interest payment. This is clearly not a likely scenario.
2. He claims he simply forgot to stop claiming after his mortgage was paid off. No one forgets they’ve paid off their mortgage. It’s the single largest outgoing for a family, you know exactly when it’s due to finish.
3. When the rules changed and they started requesting mortgage statements he then flipped his 2nd home to a house in London that he wasn’t even living in. In doing so he then continued claiming mortage payments for a property he has not lived in and that he was actually receiving rental income on.
From all of the evidence there is no way that I can conceive of that this was a mistake. This was a blatant and deliberate act of fraud not once, but twice.
An idiot would forget that they paid off the mortgage so it is quite plausible that this is the case here.
And with all this talk of mass sackings let’s not forget the cretins in the fees office. Obviously so sowed they didn’t have the nerve to refuse or whistleblow this pillaging of public coffers.
Sack every last one of em!
A reaction to this perhaps?
http://doverwatch.blogspot.com
http://www.telegraph.co.uk/news/newstopics/mps-expenses/5323271/Julie-Kirkbride-mortgage-expenses-letter.html
Julie Kirkbride’s handwritting on an offical letterhead claiming mortgage interest
is illiterate – if they sent in handwritten claims to the Fees Office, they would have no idea what they were claiming for, but I suspect, the amount in £ would be very clear.
She’s Bat Shit crazy – the handwriting is the final proof
I think the term in this case is ‘illegible’…
I have just been on the phone to my MP, Gillian Merron’s local office. I have demanded every thing to do with any claim from the public purse over the period of her term as an MP be forwarded to me a constituent.
He was very very nervous, time to really rattle all their cages.
Get stuck into your own MP, give them hell, no breathing space, no mercy, no excuses.
Shake the trees, get the rotten apples to fall to the ground.
Yes, Who Dunit. They were nervous as they thought it was her ex husband! Ha ha! (Only joking)
Section 16 Theft Act 1968:
Obtaining a pecuniary advantage by deception: the deliberate or reckless deception by words or conduct of another with the intention of obtaining pecuniary advantage.
Might deceptions include: it is my second home, honest, or, having a clean moat really is wholly, necessarily and exclusively part of my parliamentary obligations, or even, really, I forgot the mortgage had been paid off 18 months ago?
Whoops! Too late for the porkers to pay the money back now. If we’re all equal before the law there’ll be a lot of collars felt.
And why no sackings by Maximum Nick, Wysteria Dave or Hoover Brown? – the cull would be so extensive there’d only be a handful left standing. I think we might be about to watch an event for which there is no existing noun. What do you call an implosion followed by a revolution – an implution, perhaps?
Where did everyone go?
To the subsidised pub to drown their sorrows on expenses. Now get back to work you dirty little person.
Repealed. It’s Fraud 2006 all the way down….
Elliott Morley – putting the Hunt into SHunthorpe
Andrew MacKay’s ACA in 2007/8 £22,575 (256th)
Julie Kirkbirde’s ACA in 2007/8 £23,083 (joint 1st)
Wow!
Ed Ball’s ACA in 2007/8 £12,219 (joint 528th)
Yvette Cooper’s ACA in 2007/8 £12,219 (joint 528th)
What?
Unfortunately it looks like they split it – so no injunctions necessary. Shame.
It may be that, horrible as they are, they are clean, or maybe worked out which way the wind was blowing a bit earlier than most. Given the staggering amounts they are entitled to “legitimately” it would be really stupid of them to fiddle a few more quid.
The only thing that makes me think they are not is that the DT has been so silent.
If they were as clean as a whistle they would have published their own expenses already.
I think their scandal is different to second homes allowance.
More telling is that the Balls-up has been so silent I think. If he was clean he would have been coming out with all sympathy about the public outrage blah blah and making Bonkers Brown look even worse (if ’twere at all possible).
The senior cabinet members are all rather conspicuous by their absence as usual.
Well what’s all this about then??
http://www.telegraph.co.uk/news/uknews/1567397/Balls-and-Cooper-claim-300000-in-expenses.html
This article claims that between them their expenses in one year was £300k
I also noticed that by the 2007/08 year they had split their allowance.
Remind me, what years are the DT covering?
That is an indication of how blessed thick you are, chin up!
Looks pretty legible to me.
[Dr] Dolittle
….were £300k in a year!
Master Baiter – as you seem to know so much, can you explain to me the link from 2007 which quite clearly states that Mr and Mrs Balls claimed £300k in 1 financial year. Here is the link again…………………
http://www.telegraph.co.uk/news/uknews/1567397/Balls-and-Cooper-claim-300000-in-expenses.html
I posted this link three times yesterday and strangely all of them were removed. Am I missing something?
Blue&Proud – is there any way we can find out what is going on? Perhaps the DT are going to expose this nasty and ambitious couple as the grand finale! Hope so.
Perhaps Guido could comment on the article from the DT in 2007?
Just read the DT article again and Balls was the number 1 claimer of expenses in 2006/07 so surely this cannot be ignored? If it is, we have a right to know why?
forget the 42 days….guantanamo has a few vacancies right now!
how about a bit of rendition?
our government condoned it and torture .
so let them suffer some…..
after all everything has to be equal and fair-just ask harriett.
Thats not torture – at least not what I have in mind
http://www.telegraph.co.uk/news/newstopics/mps-expenses/5323225/Julie-Kirkbride-Letter-on-expenses.html
Illiterate, even when grasping, I rest my case.
Please remember that employees of the Fees Office don’t have the edjerkashun to understand peeps wot rite proopper
Enclosed is a bill for
cleaning my carpets which
I fixed ? before I realised
I would run out of cash
in my 2007/08 account. As
it is the kind of thing we
do infrequently could
I use up the money in
my 07/08 ACA and then
make up the difference
in my 08/09?
Anagram time: Elliot Morley = ‘Ere! Omit Lolly!
Ha ha!
Anagram for dyslexics: Elliot Morley = Andrew MacKay
How about:
Merely Oil Lot
Eery Limo Toll
Lie Telly Room
Lie Yell Motor
Yell Mole Riot
Looter Ye Mill
Ere Ill Loot My
Or,
Lo, lie re my lot
Hell’s teeth.Poor Guido must be suffering from information overload.
Much as I would love to see some blood on the carpet,no doubt the CPS (Couldn’t Prosecute Satan)will think of the Honours’List and find an ingenious defence that not even the troughers had thought of.
All they have to do is say: “You’re nicked.” Come on PC Bill, do ya job.
Its a wise move by Cameroon as if his married MP’s have to resign their offices what mught happen to any married Labour MPs who might indeed hold offices which might be more important. Hope that complies with any injunction
All you over the hill frothing loonies, still all this spleen venting will bring your cardiac arrests that bit closer, which can’t be a bad thing!
Tra laa!
No it won’t. It’s good for us. “Get it off your chest”
It seems Morley put the Hunt in SHunthorpe (only way to get that word through!!)
No, he was the cnut in Scnuthorpe
Caroline Flint posted on her website Nov 28 2006
“Everyone knows that measures like asset recovery – confiscating the proceeds of crime – have been important tools in fighting organised crime and money laundering. Now I want Government to freeze the assets of criminal gangs”
So that would be the Conservatives , labour , Lib Dems , Ulster Unionists, SNP, Plaid Cymru
and DUP
Didn’t you forget someone?
‘They haven’t gone away you know…’
Fish that triggers hallucinations found off British coast
A species of bream, sarpa salpa, which can trigger hallucinations when eaten, has been been discovered in British waters due to global warming.
Now that explains everything………!
xxxxxx
First of many.
Now, where’s my piano wire?
Never mind “discussing” Morley – CHARGE HIM!!
…and he was supposedly “in charge” of public policy like the rest of many of these, at best – petty criminals – supposedly representing ‘we the people’.
Helping themselves more like – to anything that wasn’t nailed down!
Morley put the ‘hoon’ in bufhoon (that’s two ways to get it through Call me Dave lol).
Gordon is looking a tad shifty,
what’s this all about?
Jan is just refreshing him on elementary clunking fisting by the look of things
Is she taking her own pulse, or his?
I do love live visitor feeds – just had one from the Bank of England searching for ‘Yvette Cooper injunction’
Guido
looking at the photo of Lord Truscott; if he had a big hat he looks just like your picture at the top of this column.
Is there something you want to tell us ?
http://news.sky.com/skynews/
Top Cameron Aide resigns
Can’t say fairer than that.
Resigns as an aide – not as an MP. The prick should be in jail.
Barry Gardiner says he will repay £200,000 he made on selling second home he had a few miles from own home.
The system of allowances and expenses in parliament was designed for a different age. The Commons no longer sits all night as it often did when I was first elected in 1997 and I understand why people feel angry that the reform of parliamentary hours has not gone hand in hand with a reform of parliamentary expenses. I believe that all MPs need to apologise to the public that we did not sort this out sooner and for my part I make that apology unreservedly.
For this reason, I was one of the MPs who voted for the package of reform measures put forward by the Prime Minister last month. It was not perfect but it was a major step in the right direction and I am disappointed that it did not gain all-party support.
Long before parliament first began to make public the headline figures of MP’s expenses, I was one of the only MPs to publish details of what I claimed each year on my website. I still do. Transparency is important. Equally it is important that people understand the difference between the allowance an MP claims for a flat in Westminster, as I did when I was a minister in the government, and the cost of paying their staff. In no other business is the cost of staff salaries treated as part of the boss’s expenses; yet the media always include this in the expenses figures they quote for MPs!
I do not enjoy spending half the week not seeing my wife and children, but accept this because I wish to serve my constituents conscientiously. I habitually work in my parliamentary office up to and beyond midnight and not just when the House is sitting late. As a minister my working day would begin again at 8a.m. prompt. The flat I had in Westminster enabled me to do this rather than return to my family home in Hertfordshire each night. It was not a luxury it was a necessity for my job as a minister.
The Additional Costs Allowance pays the rental costs for an MP’s second home or the equivalent interest on a mortgage (not the capital). It also pays other costs such as repairs and maintenance and furniture. I paid a substantial capital deposit on my flat and over the next four and a half years claimed approximately £2,500 a year replacing a broken boiler, a bathroom whose plumbing didn’t work and a tiny old kitchen. But when I ceased to be a minister I sold the property at a substantial profit. This profit was hardly the result of the MFI bathroom suite or of the Ikea kitchen units but of the extraordinary property boom in central London over which I had no control.
Of course, I could have rented during those four years rather than claiming mortgage interest but had I done so, the public purse would not have benefited from the 40% capital gains that I paid on the profit made. I did not seek to redesignate my second home for tax purposes and as a result the tax I paid exceeded the total of mortgage interest that had been claimed under the allowance over the entire four years. Some media reports seem to have been more concerned that MPs should not appear to benefit, than that costs to the public purse should be minimised. That is in my view misguided.
Most people accept that MPs, who serve constituencies too far away from Westminster to commute each day, need to have somewhere to live in both. Establishing where that boundary lies will always cause problems. Years ago the boundary was set between Inner and Outer London. But travel times have changed and the allowance should change with it. That is why I notified parliament in March that this financial year I would no longer be claiming the Additional Costs Allowance for the flat I moved to in Brent last year.
The Prime Minister has asked the Kelly Committee to review the whole system of parliamentary expenses and allowances as soon as possible. That reform cannot come a moment too soon. At a time when many people are experiencing financial difficulties with the credit crunch it is all the more important that parliament and MPs show that they are focussed on solving the real problems of the nation rather than upon themselves.
I do not accept the hype that our parliamentary system is broken. But reform is overdue and MPs need to work very hard to regain people’s trust. I promise to do just that here in Brent North.
Yours sincerely
Barry Gardiner
Member of Parliament for Brent North
Resign you thief.
Office costs are lumped as expenses because of the number of times they are recycled through the employment of a wife or “student offspring ”
If you don’t want to be away from home – leave Parliament.
The actions of the HOC makes me sure you should all have a limit on tenure, 8-12 years. That would force you all to be connected to the real world before or after serving as an MP
Fuck off you troughing useless Hoon
*applaud*
That is very well put. I disagree with only one part of that, and that’s the fact that I don’t think the system is broken, I know the system is broken.
Other than that he makes some good points and comes across as pretty free from sleaze all considered
“……Some media reports seem to have been more concerned that MPs should not appear to benefit, than that costs to the public purse should be minimised. That is in my view misguided…………”
How are we to have confidence you will stand up to the Whip, represent your constituency ,do what is right for the country when you can profit from keeping stuhm, or profit from the outcomes.
You expect us to understand the myriad of ways MPs have exploited the system, within the rules but beyond normal morality and the nuances of such, on the day two Peers are threatened with suspension !
I can’t write any more – I’m so gutted
Here’s Barry Gardiner’s breakdown:
2007/2008
MP’s Salary £53,945.08
Cost of staying away from home (ACA) £15,078.70
Office running costs (IEP) £11,945.50
Staffing costs £93,888.37
Travel £4,452.06
European travel £549.46
Centrally purchased stationery £1,798.83
Stationery: associated postage costs £4,959.00
Central IT provision £1,333.37
Communications Allowance £10,587.00
Total £185,037.37
The system could be made to work as it stands – if the House of Commons was honourable and had a the level of integrity one normally meets day to day within business.
That they have not has led to the collapse of the system, and after failed attempts to hush it up, a collapse in confidence.
The system may well be flawed, but at no point was any MP forced to cynically exploit it. They themselves took that decision.
Only the people on the inside could change the system, but they chose not to. What many MPs were doing may have been ‘within the rules’ (that they drew up) but no right minded person would think their claims to be fair and reasonable.
We trusted you politicians to police this matter internally, but you have shown that you simply cannot be trusted with OUR money.
Never again.
The Labour Government has had 12 years to sort out MP’s expenses – fortunately the Telegraph has been able to let the “hardworking families” of this country know what our political masters were up to with taxpayers money.
This could work in Elliots favour – if he gets banged up , he’ll probably be banged up on a daily basis and I’m sure he won’t mind that. Great Success!
If you google Morley you will find his site with an email address at parliament.uk. Ihave written to him in these terms since it is important that he keeps is spirits up.
quote
Dear Mr Morley
You would like me to go to prison for hunting the fox. How ironic that you are the one who is going to prison, and how apt that this is because you turn out to have the morals and appetites of a pig as well as a close physical resemblance to one. If you are hoping for a suspended sentence or a comparatively brief one, forget about it. And I am sorry to tell you that the mood of the country, including your future fellow inmates, is to regard you and your like as one step below bent coppers and child molesters. We know what happens to them in prison. Do not be concerned about your safety in prison, Mr Morley: the proprtionate response to your present predicament is not concern but gibbering, trouser-soiling terror.
Oh and don’t forget to advise the clerks of your change of main residence to HMP somewhere or other.
unquote
Well done
Like it.
It seems that some MPs will now have third homes compliments of Her Majesty. Just a shame they won’t be able to visit the first two while they’re in the third.
How will they stand with the allowances, if they’re living away from their first and second homes?
Top Cameron Aid resigns
This time without the html error! Oops!
HE SHOULD RESIGN FROM PARLIAMENT AS WELL
THIS WAS CLEAR FRAUD
impeach the bastard
Damn.
James Forsyth just posted this on the Spectator Coffeehouse site:-
“Folks, It really is worth stressing that I’m hearing from people who would like nothing more than to see Balls’ career destroyed that he is in the clear, that there is no scandal about his expenses”
http://www.spectator.co.uk/coffeehouse/3617473/cameron-aide-resigns-over-expenses.thtml#comments
We might all be disappointed…unless maybe Mr Balls is OK but Mrs Balls isn’t?!?
Googling for balls cooper injunction i found this rather good read:
http://oxfordagenda.wordpress.com/2008/03/28/so-what-balls-and-cooper-rake-it-in/#more-108
It lifted my spirits after I’d read that comment at the Coffee House too. Is James Forsyth someone in a position to know?
I see Millipede isn’t paying back the 30k he’s charged to do up his house in 5yrs….
Perhaps they are still planning on using head-in-the-sand strategy until the DT goes nuclear.
Forsyth is full of shit. Now that Balls’ injunction has been squashed, he and his troughing wife will feature prominently in the Telegraph within he next two or three days.
I think we’ll all have lost interest by then.
Speak for yourself, Damian. The rest of us can’t wait to see all the dirt on Balls, Cooper, Blunkett, Jowell, Hain etc
Please, say it isn’t so.
It must be funny being a rozzer outside Morley’s house…
On the one hand he must be worried that you are going to arrest him, but on the other he knows that you are the ‘thin blue line’ protecting him against a mob of disgruntled voters…
If only there were a mob of disgruntled voters outside the houses of these thieving bastards!
Trouble is anon, we can’t work out which of their houses to go to…
David Miliband apologises and admits he did wrong but aroggantly says he won’t be paying anything back. What a greedy arrogant piece of shit.
BTW, where are the two biggest crooks of the lot: Hoon and Darling?
Where’s Gordon ?
Where’s Hoon and Darling?
He’s right behind you
Doing the same Macavity act he did for 10 years under Bliar when the going got tough.
Brown is still dithering and thinking about ……..”taking the tough decisions!” as opposed to the “do nothing Tories !”
Perhaps he’s waiting for the commitee of Downing St tea ladies to report back as to the recommended course of action he should take ?
Brown is refusing to answer reporters questions on the subject.
Brown is simply incapable of making a decision. Exactly the sort of quality one looks for in a Prime Minister.
Balls/Cooper: hundreds of thousands of pounds in double-claims, read about it soon in The Telegraph. It’s the biggest one of the lot.
Balls/Coopers, Wintertons, Keens: “couples day” is imminent!
Higgins will be funding me to carry out an independent investigation if the Telegraph can’t come up with the goods.
Surely now is the time to start asking some very hard questions about the funding of Tory constituencies communications by Ashcroft, the Midlands Industrial Council and others. Looking at past Tory national campaign expenditure returns for the EU and General Elections it would appear that the Tories are working on the assumption that such expenditure does not count towards the overall limits. If I were them I wouldn’t be so sure. That Act makes it very clear that expenditure undertaken by Tory Constituency Associations (which are accounting units for the purpose of the Act) counts towards the national limits and hence should be reported on the returns (see section 72(8)(a) below), with invoices being audited and submitted to the Commission. And the definition of what counts as campaign expenditure is set very wide see section 72(4)(b) below
Perhaps someone could explain why all the “Ashcroft/MIC money” shouldn’t count towards the national expenditure limit. Of course the total limit for the European Elections is about £2m and covers all relevant expenditure during the preceding 12 months so may already have been broken if the “Ashcroft/MIC money” were to be included.
Surely this is something that the Electoral Commission should be considering very seriously, given that we are now less than 12 months away from the General Election.
72.—(1) The following provisions have effect for the purposes of this
Part.
(2) “Campaign expenditure”, in relation to a registered party, means
(subject to subsection (7)) expenses incurred by or on behalf of the party
which are expenses falling within Part I of Schedule 8 and so incurred for
election purposes.
(3) “Election campaign”, in relation to a registered party, means a
campaign conducted by the party for election purposes.
(4) “For election purposes”, in relation to a registered party, means for
the purpose of or in connection with—
(a) promoting or procuring electoral success for the party at any
relevant election, that is to say, the return at any such election
of candidates—
(i) standing in the name of the party, or
(ii) included in a list of candidates submitted by the party
in connection with the election; or
(b) otherwise enhancing the standing—
(i) of the party, or
(ii) of any such candidates,
with the electorate in connection with future relevant elections
(whether imminent or otherwise).
(5) For the purposes of subsection (4)—
(a) the reference to doing any of the things mentioned in paragraph
(a) or (as the case may be) paragraph (b) of that subsection
includes doing so by prejudicing the electoral prospects at the
Political Parties, Elections and Referendums Act 2000 c. 41 57
Part V
election of other parties or candidates or (as the case may be) by
prejudicing the standing with the electorate of other parties or
candidates;
(b) a course of conduct may constitute the doing of one of those
things even though it does not involve any express mention
being made of the name of any party or candidate; and
(c) it is immaterial that any candidates standing in the name of the
party also stand in the name of one or more other registered
parties.
(6) “Relevant election” has the same meaning as in Part II.
(7) “Campaign expenditure” does not include anything which (in
accordance with any enactment) falls to be included in a return as to
election expenses in respect of a candidate or candidates at a particular
election.
(8) Where a registered party is a party with accounting units—
(a) expenses incurred or to be incurred by or on behalf of any
accounting unit of the party shall be regarded as expenses
incurred or to be incurred by or on behalf of the party, and
(b) references to campaign expenditure incurred or to be incurred by
or on behalf of a registered party accordingly extend, in relation
to the party, to expenses which constitute such expenditure by
virtue of paragraph (a).
(9) In this section “candidates” includes future candidates, whether
identifiable or not.
(10) Nothing in this Part applies in relation to expenses incurred or to
be incurred by or on behalf of a minor party.
Fuck off, Ambrose.
No body’ll read it anyway.
Fuck off and play with the traffic!
I can see the public getting really wound up about this…
zzzzzzzzzzzzz
especially paragraph 7 subsection zzzzzzzzzz
Try putting in some references to tampons.
The guy is right to ask questions and push for answers. You have to keep an eye on all the bastards all the time. The small print is important, they sure as fucking-hell will read it to find loop holes.
Play the white-man. Level playing field and all that.
We need people like this to do the research, that we can all rant about. when we see one line of information we can turn into a bandwagon of rightous indignation.
When your incumbent MEP comes knocking at your door very soon and asks you to vote for him/her again, ask him/her why he hasn’t published his/her expense claims in full.
If you think the amounts in the English Parliament (that’ll upset the Scots, but who gives a fuck these days any way) are staggering, these are peanuts. I’m told it’s possible to become a millionaire in 5 years just on expenses.
So no unredacted expense details , no vote
Stick it up ‘em the Hunts!
Miliband is as bad as Brown:
http://www.telegraph.co.uk/news/newstopics/mps-expenses/5323221/David-Miliband-apologises-over-MPs-expenses.html
Apologising for everyone but himself, and refusing to consider repaying a penny
He doesn’t want to set a precedent. Once one is made to pay, the others will surely have to follow and some of the amounts concerned are pretty serious dosh.
Not even a pot plant? What’s he smoking?
Now if Tony was still in charge he would be apologising for the 18 th century Slave trade , or something similar. Gordon hasnt a clue.
“I did not have expensual relations with that woman, Miss Cooper”
lol
Oi Guido, how about a bit of petition-style moderation to slow things down, too much happening and I need some lunch.
Brown has been shown on TV being asked about Morley and other troughing MPs by reporters but point-blank refusing to answer any of their questions.
It looks terrible and a complete contrast with Cameron who seems determined to get to grips with the problem in his own party.
General election now!! Parliament is a farce and a shambles.
Was the BBC reporter standing outside Traitor’s Gate?
I believe that they still have “The Block” at the Tower of London
What we desperately need is an announcement from PM and Home Secretary that they have called in the police themselves and that there will be no political interference of any kind in any case.
Without that, the whole world will be able to see what we are increasingly beginning to suspect; that we are a small, bankrupt, corrupt, hopeless, insignificant, police state.
Don’t forget Straw used the same excuse for council tax mis claiming. Why is he not being prosecuted.
Jacks just not good with sums !
Purer than pure????
Be sure your sins will find you out.
REPENT!!! (The jail time will help.)
TaxPayers’ Alliance blog post on their discussions with police, and the possibility of a private prosecution, here: http://www.taxpayersalliance.com/campaign/2009/05/we-have-called-the-police-in-to-investigate-mps-expenses.html
225
Mike Smithson says:
14/5/2009 at 1:10 pm
re 217. “Sloppy accounting” – same excuse as Jack Straw – the fellow of the Royal Statistical Society.
Boll***s
Guido: quote-of-the-day!
Please honour our great host!
How long before one of these troughers uses the Ted Crilly defence?
Namely ‘The money was just resting in my bank account’…
More likely the Homer Simpson defence ” You gotta believe me Marge, I really really really thought you’d never find out, honest ! “
http://news.bbc.co.uk/1/hi/uk_politics/8049614.stm
“Mr Cawsey, it is claimed, named the property as his second home, allowing him to claim back the £1,000 a month in rent he paid to Mr Morley.
In November 2007, the newspaper claims, Mr Morley “flipped” his designated second home from his SHunthorpe property to his London home and for four months the two men claimed expenses on the same property.”
And:
“He claimed full second home allowance on his London address, while his wife, Tory MP Julie Kirkbride, claimed the full allowance for another home.”
Doesn’t matter what colour their political flag is, they just can’t resist the temptation.
This is the bigger part of the story. On the non-existent mortgage, Morley will try to keep peddling the line “I forgot to stop claiming, sorry”. He can’t get out of the other bit however:
He was claiming an allowance for a home in London in which he didn’t even live (at all, at the relevant times). Not only that, he was renting the place out to another labour MP (Cawsey) and getting Cawsey to claim again on that property and pay the money over to Morley as “rent”.
Whether or not Cawsey knew of the arrangement (he claims not to have known – funny that!), how can Morley even attempt to argue his way out of this aspect of this digraceful business? How about: “Oh, I forgot I didn’t live there at all”!
Please sir. can I have some more?
Why yes you can.
The Archbishop is pleased to announce that the Church has a few pre-owned low-mileage pardons for sale at a very reasonable price, on a first come, first served (with a summons) basis. Cash only for workers in the parish.
The pile of Westminster shit is going nuclear – I can see pain reactions everywhere !
I am become Death. Destroyer of expense troughs (and Parliamentary careers).
Morley has been suspended
Brown meanwhile is having a “controlled” launch of his euro campaign in front of only labour party members to avoid certain questions
Zanu Beebies is reporting Morley has been suspended from the plp.
It’s a start.
Morley suspended by Broon – finally the cnut taken out of Scnuthorphe!
GEOFF HOON REPAYS £1.7MILLION
After 3 days of intensive questioning by MI6 involving waterboarding, sleep deprivation, disorientation, an introduction to the ten commandments and simple mathematics Geoff Hoon has been ‘turned’. ‘I now realise I have been a fifth columnist in this country along with the other members of the cabinet and wish to start my rehabilitation.’
“My child we now consider the ten commandments to be to Jugemental..” we prefer the Ten Suggestions but dont feel pressurised…”
With regard to the Tax Payers alliance making a complaint to the Met
Does the Met hold jurisdiction? After all the money was claimed for his constituency home in SHunthorpe…which he is supposed to represent
Admittedly the money could be argued to have come from Westminster, but MP’s are self employed, so where is he registered to pay the most Poll Tax, vote in general elections, and pay his income tax?
News just in…
Gordon Brown ” Labour politicians come into politics because they are givers not takers.”
Many lols, he must be lining up a new career in comedy
Is that “giving” as in a damn good rogering?
Haven’t the rogered the country enough?
that’s not funny
Givers of expense chitties he means
Just as well the Taxpayers Alliance is having a go because John Lyon is worth jack shit.
Just Google the prat, he was interviewed by his political masters for the job on the very nice salary of £108,000 for a 4 day week of not many hours per day!
A truly independent parliamentary standards commissioner – NOT
http://www.labourlist.org/morely_suspended_plp_cameron_aide_quits_over_expenses_claims
Labourlist saying that Nick Brown knew a week ago about Morley, so were they just waiting to see if the Liebourgraph picked up the story?
Elliot Morley,the man who put the Hunt in SHunthorpe
Why isn’t Blears being prosecuted for Tax Evasion?
She is SAS
Short
Arsed
Someone
Poor Mr Morley, after his solicitor had notified him that the deeds to the property were available after the mortgage was paid off he must have suffered amnesia. After all physically submitting claims for £800 per month for 16 months must obviously mean the poor man forgot. It’s pure coincidence that he overcame this illness and remembered when the Telegraph was about to break the story.
bit of a climate change for our mr morley
It marvellous.
Meestah Barry Gardener, will you please come and advaase mah cabinet ?
You may be a simple gardener, but your skills in expenses mean mah gumment here NEEDS you.
I have soh many new people of tallent to join mah gumment from UK, mah former colonial maastahs.
Dis chappie Morley I want to be mah Financial Secretary. Dis Guy brilliant. Ripped out dah munnie over 18 munths and got away wid it.
I NEED dis kind of talent.
You Brits seriously liftin’ your game now, best crooked nation in da world, like Zimbabwe !
Curious cat says:
http://www.telegraph.co.uk/finance/financetopics/recession/5317808/Bank-of-England-Governor-Mervyn-King-warns-UK-recovery-will-be-slow.html
http://www.cnbc.com/id/30725902
It is interesting, that most UK manufacturing industries in trouble due to the world economic recession are mainly in deficit to the extent of GBP millions, GBP tens of millions or GPB hundreds of millions, whilst the UK Financial Industry has had to be bailed out in GBP, in tens to hundreds of Billions!
How many taxable employments have been lost to the Industrial Sector versus Financial Sector?
The “Global Financial Crisis” appeared to be caused primarily by the “Wall Street” Banking & Finance Industry in the USA. The initiating Banks in “Credit Default Swaps” trading were all American (J P Morgan – AIG et al) operating global operations, including out of centres in London.
Globally, the OTC derivatives market is pegged at about $450 trillion, with the notional value of interest-rate swaps put at $403.1 trillion, the value of credit default swaps at $38.6 trillion and equity derivatives at $8.7 trillion.
Global Current deficit in so-called “toxic paper” has been estimated at 1.4 quadrillion Dollars (source BIS Switzerland)!
How UK and other Banks and Financial Institutions became this insolvent has to be due to a lack of governance by management and executives?
Common-sense and simple arithmetic dictates that “trillions of dollars” above domestic GDP cannot be continuously earned without a reckoning?
Does the Financial sector support Lawmakers as in the USA?
One could ask, as to the record of the Chancellor of Government and his role in the overall financial responsibilities in governing the economy during the run up to the crisis?
Being a curious cat, I would be interested to know how any UK “Elected-Party” Government is going to tackle not only Parliamentary Expenses but also putting the National Economy back on track? This task is bigger than rebuilding the nation after WWII – MPs must be “qualified” to govern (not necessarily just academically) – NO TIME TO BICKER.
Curious cat says:
“Bonus Pay, Lax Oversight Led to Bank Crisis, U.K. Lawmakers Say”
http://www.bloomberg.com/apps/news?pid=20601085&sid=aJhVswkquJ8g&refer=europe
I hope the Taxpayers’ Alliance included on the charge sheet for intent to defraud not only the 18 months at £800 for a mortgage that never was but, also the follow-up charge to the Fees office claiming back the mortgage on a flat he was renting out to a fellow Labour MP who in turn was charging the same Fees office for the rent he was giving to Morley.
No wonder they did not want addresses to be published. Did it never occur to the Fees office to check there were no duplicate pay-outs to the same address.
It looks very much like the Fees office method of controlling finances in the Commons was the model for the FSA. No wonder the Bankers had a field day in bringing the Country to bankruptcy. Just goes to prove when it comes to self-regulation the Politicians and Bankers turned out to be the same, both corrupted by greed.
There are many MP’s who should have their cases referred to the police! Perhaps the plod could divert some of the speed camera operators and other useless parasites in the Force onto this matter. They would gain massivley in public confidence if they did this
If Typhoo put the T in Britain. Elliot Morley punt the Hunt in SHunthorpe!