Labour Billionaire Donor’s Pension Steel
Labour’s non-dom donor Lord Paul, who was stripped of his job in government due to fiddling his expenses, personally bankrolled Gordon’s leadership campaign and has promised all the money required to fight an election campaign. And it’s not like he can’t afford it. Paul made his millions through steel conglomerate Caparo. Hardly a man of the people, or indeed cut from the Labour Party cloth, a party he claims to love and support (ever since he stopped donating to the Tories under Thatcher). Just a brief look at how he treated his workers would be enough to send shivers down the spine of any loyal Labour activist.
Back in 1989 the Caparo took control of the cash-rich Armstrong Engineering. The company’s pension fund was just over 30% in surplus. Under Lord Paul’s control Caparo then spent the better part of a decade refusing to top up the fund despite the fact that it was having to pay out over £6 million due to a early retirements and a redundancy program, this was on top of the £8 million it was already paying to retirees. Lord Paul’s ownership created a fourteen million pound hole in the companies pension funds.
By 2000 the pension trustees and accountants recommended that the company inject £2 million a year into the pension pot to plug the cap. Paul accepted however Caparo never made a single payment and instead announced in 2002 that the final salary pension scheme was to be frozen. The unions slammed this “appalling treatment” by Lord Paul of his workers and inevitably picket lines were formed. As with Robert Maxwell’s raiding of pension funds, the Mirror, the paper most read by trade unionists, remains silent and hasn’t reported a word about Lord Paul so far. Kevin Maguire, the Mirror’s political editor is as close to Downing Street as any journalist, has only recently conceded that the Labour Party should not be taking money from Lord Paul.
With Gordon’s own pension raiding activities, it is perhaps no surprise that the Prime Minster is so at ease accepting donations from a man who profits by raiding the pension schemes of his workers. The money that should be in the pockets of loyal steel workers is now propping up the declining bank balance of the Labour Party via Lord Paul’s off shore bank accounts…
Sounds like a right c**t.
Perfectly suited to Brown, then…
We’re all smashing unions together.
We wouldn’t call Unions ‘smashing’ mate.
Bloody hell, Guido – you’ve got a pair on you!
This hoon has real clout and much financial muscle.
Please be careful.
this was the big ‘secret’?
He’s a bit of a cu.nt as an employer?
I’d stick to the fact that he shouldn’t be involved in UK Politics like Lord Ash—t because of non UK tax affairs.
It’s enough on it’s own.
So far Gordon has got the hang of smashing mobiles, and he’s done a pretty good job of smashing the economy – but unions? – Not while they are paying their donations he wouldn’t.
Eh ? Smashing unions ? This is Boss Bashing, you twonker.
I cant wait to hear about this on Newsnight !
Brown is finished. Labour to be wiped out of this country for treason.
Don’t hold your breath.
Reports from CERN have indicated that using unions in the LHC (Large Hoon Collider) has led to the production of a new particle, named the Bob Crowson. It is believed that this particle is responsible for the phenomenon of inertia, associated as it is with the non-movement of various means of public transport.
The search for the associated anti-Crowson continues, though some physicists have questioned the wisdom of using the LHC for union-smashing, claiming that the associated black hole in public finances could swallow the economy. Lower energy union smashing using ridicule and the application of common sense may avert this scenario.
Sounds more like a Football Club owner !
Hollie Greig,reporter Robert Green and Sheriff Graeme Buchanon.
Have a look.
say again
Google it.
It shows a child abuse scandal involving the Scottish political elite. These elitist “socialists” are nothing but a bunch of child fiddlers and they are running one of the most prominent pedo-rings in the country.
Robert Green has been arrested, on his way to leaflet in Scotland, for merely reporting on it. It is a massive cover-up.
the most astonishing thing ive ever seen
Deeply disturbing
have you been guzzling the paranoid pills again Neddy ?
how you can extrapolate this case to your utterly hysterical hyperbole is redolent of the same nutter social workers claiming there was a huge satanic abuse ring all those years ago
time to detox, have a lie down and take off the Tin Foil Hat
the Lizardpeople aren’t out to get you Neddy
this is a google result in news for the past month 0
http://news.google.co.uk/news/search?um=1&cf=all&ned=uk&hl=en&q=Robert+Green+and+Sheriff+Graeme+Buchanan&cf=all&as_qdr=m&as_drrb=q
Old Holborn is getting in on the action!
It’s a fucking storm in a fucking tea cup
and I shall still be voting Labour
Goes to prove the UK has a thick c**t hard core. Go back to reading your Daily Mirror from the back page forward.
You sound very much like a copraphiliac to me.
Comfortable with Ashcroft then? Storm in a teacup too?
Hypocrite.
You miss the point. Labour has been consistently accusing the Conservative party of accepting donations from a non-dom while happily taking money from a person who does not pay UK taxes and showering him with titles that he has no merit in receiving. That is where the hypocrisy lies, and it stinks.
Neither should be allowed to make donations to any political party in this country or in any way attempting to exert influence over the running of this country.
If this guy was told what would happen to him under a REAL Labour government no way would support it!!
The big question is: Why would such a ruthless capitalist back an all time loser like Brown?
For a laugh?
Maybe he’s just saying he’s going to back Brown while placing a hefty bet against Labour at Ladbrokes?
Because Paul’s got masses of shorts on British economy and he wants to squeeze out every drop?
The question is…
How can any true Old Labour voter vote for this shower of liars and thieves.
The Tories are now undoubtedly the party of the working man.. oh and woman!!
Yeah, but Labour’s the party of the workin’ man!
Not that I work, though. I’m on the dole ‘cos I’m underprivileged and downtrodden by the toffs.
Innit!
My family, all from the north, were traditional Labour voters but I doubt for a
…. and his association with the famous and the mighty, including the Indian political dynasty of Indira Gandhi (whose biography Paul ‘wrote’) and her sons Sanjay and Rajiv
In a word, ‘influence’ at the highest level at the court of the maharajah ie where’s the power… and shape shift to be ‘useful’ to the new power brokers.
For the tax breaks !
He sees a fellow “man of steel”.
This isn’t just any kind of hypocracy this is Labour hypocracy……
is that hypocracy in the the sense of being ruled by the underclass?
Can’t any of you chaps spell hypocrisy?
I bow to your hypocaustic wit (though my toes are lovely and warm).
Back to normality, Labour failing online again.
They started #Ivenevervotedtory on twitter, but now #Ivenevervotedlabour is the number 1 trending topic. Whoops
“Labour – the party of the many not the few”.
So that’s many pounds for it’s grandees, not few, then?
(PS – I’m willing to bet that this is just the start of revelations about ‘Lord’ Paul’s business activities…)
So since NuLibore took office
Poverty
Equality
Employment
Yeah:
More Poverty,
Less Equality,
Less Employment.
Makes for the very snappy acronym – PEE
This blog is unreadable,to far left,not the ploitics the fucking page
Ouch, that ought to start the ball rolling methinks.
Let’s see what Toenails and Toilets dare to report – if anything.
I know who Toenails is but who’s Toilets?
McGuire of the Daily Mirror and half of the BBC Breakfast newspaper review double-team.
Maquire of the mirror
Kevin McGuire, ace reporter at the Daily Mirror.
kevin maguire – due to his alleged interest in hanging outside ladies toilets and listening to them wee – or so I have been told, not true I am sure.
Toilets is,
Maguire the repulsive Mirror man.
THANKS EVERYONE.
Please don’t call Kev toilets, he’s a great friend of the BBC. Piss off you Tory wankers.
Let’s not forget that he’s the chap who claims his main home is a room at a hotel near Bicester (that he has appaerently also said he has never stayed in). Coincidentally, he can then claim his House of Lords overnight allowance for being away from home – even though there is more than a faint suspicion that he actually lives in a rather nice house in Belgravia. Surely this is wiorthy of a raid by plod and a swift decision whether to prosecute or not – just to establish the facts of course? I hope there’s no dragging of heels going on here……..
Well of course there is (footdragging).
That pleasant little man, Michael Pownall, the Clerk of the Parliaments, obligingly changed the rules to accommodate my appointed Lords and Ladies of Liebour, —
“as there was no clear definition as to what constituted a main home in the current expenses scheme, he (Pownall) had asked a Lords committee which rules on peers’ allowance to come up with some “essential criteria…”
Ah yes can’t have them jailed can we?
Worse it appears this might open the door to getting the entirely unlovely Baroness Udderly Appalling of Tottering Hamlets off the butcher’s hook.
Maidstone is such a beautiful town, where is it again?
Did they sell all their steel at the bottom of the market?
The ugly pig (Paul) seems to be nothing more than a greedy, grubby bastard and is well suited to New Labour, especially to Brown.
Cry-on-cue Campbell, Greasy Mandelson, Piss (qualified wanker) Morgan and all the rest of the cnuts deserve every bit of vilification they receive. What a disgusting government this has turned out to be.
Fuck me, imagine what liebour would have to say if this prick was instead supporting the tories!
Messing with the steelworkers’ unions pensions? Genuinely shameful!!
This will not play at all well for Gordon on Teesside. Oops!
Allied Steel and Wire?
The pension fund goes, and Gummunt says “Not our problem”.
Labour seems to developing a lengthy form-book on scuppering other people’s retirements.
And their working lives too.
…and their deaths!
Gordy’s got that one stitched up more than I have!
Lets put GB into retirement with no fund or better still he can reside at her Majesty’s pleasure
Toilets is a Teeside boy, isn’t he? He won’t be reporting on it or he might get glassed when he’s next back drinking with ‘is mates oop north!
Hopefully!
Not Teesside, Sooth Sheels…
Corus’ Teesside steelworks to close on Friday.
Thats 160 years of steelmaking and 1700 jobs gone!
Well done Gordon and Mandy…Labour still isn’t working. Shed some tears over their futures.
“Labour – the party of the many, not the few.”
So that’s many pounds in the pockets of Labour grandees, not few. The workers? Handy source of cash, that’s all. Otherwise, stuff ‘em.
Socialism is not about fairness it ‘sells’ fairness to those who feel that they ‘deserve’ more from life. In practice it has always been a system under which wealth, privilege and power are allocated according to political rather than economic criteria. Socialists, caught out, always condemn the “abuse” and say that it was not “true Socialism” but time and time again that is the practical result of the system. It is always embraced by men, be they Josef Stalin or John Prescott, who have no talent or ability to earn wealth, but who have the low cunning to win power.
Well said.
Excellent post!
Is that Gerald Kaufman ‘blacked up’
Can’t be Gerald Kaufman – he’s not [REST OF POST DELETED ON LEGAL ADVICE]
He’s not a Roman Catholic like Tony Bliar I think you mean…
The other day, someone on here drew a comparison between Lord Paul and Uncle Fester.. scary similarity.
Certainly, Paul has the look of someone you’d cross the road to avoid;if you were a 21-year old female grad starting at his company, you wouldn’t want to get cornered by him at the Christmas party, etc etc.
Hard to believe Labour would consider associating itself with an odious character who wrecks workers’ pensions, but as Guido says, in that sense Lord Paul and Gordon Brown are indistinguishable.
No
No to what, the ZaNuLiebor brand of National Socialism?
Not a bad start, Guido, but please let there be more, lots more, about this grasping, worse-than-a-capitalist, non-dom arsehole ZaNuLieBor financier!
Didn’t think we would have to wait too long – nice one! And yes, it will be fascinating to see if this attracts the slightest bit of reporting from toenails et al. I doubt if he will be able to sit on it for that long, his credibility is already at an all time low methinks.
Picture this: Labour win the election; Toenails, Moron, Straw & Hoon get their peerages; Toilets gets his own BBC politics show; McBride becomes head of communications at No. 10; Draper is UK’s new ambassador to the UN; and wait for it, Mandelson takes over as Prime Minister.
World stops spinning on it’s axis; go straight to jail, do not pass go…
Gobbledygook Prescott would be the families Minister.
Fivebellies would be the housing Minister.
Blurtin Bob Ainsworth Press Secretary to the PM.
“Veggie” Benn as Minister for Farming and Food……oh, hang on a minute…
That`s Professor Prescott eminent climate scientist to you.
It will only get Media coverage IF the tories pick up on it, then it could be effective. BUT the tories do not want to win, so they will probably let this pass.
CREDIBILITY!!!!!
Are you kidding?
I think you are confusing news-papers with something related to the truth, or even news.
Soon they will not even be related to paper.
If it is not BBC, it may as well not have happened, or be happening at all, for all ANY government will do about it. You could be quite literally lined up in a cue for the gas chambers, but if it is not being reported on the BBC, then start saying your prayers.
You can rest assured that the real controllers of all main stream news-papers, and broadcast networks know EXACTLY what is going on, their job is to make as sure as possible that the public do not have the slightest clue. While of course keeping the poor terminally confused suckers as evenly politically divided as they can get away with.
All news outlets are either in hopelessly massive debt, or trading at virtually no profit whatsoever. Therefore they are not independent in any manner shape or form, and have not been for at least 100years.
ALSO, there is no such thing as a media organization that represents the interests of the working class ( which is 99.9% of the population ) there never has been, and there never will be.
It is ALL CORRUPTED from the very top, all the way down to slightly above tea-lady and clearer level. What is WORSE, is that it is ALL ultimately corrupted by EXACTLY the same very small group of well connected oligarchs.
What evidence do I have for these assertions? You most likely ask.
Much, however I don’t need to have any material evidence, and you most likely no longer posses a sufficient attention span to take it all in anyway.
The copious amounts of SELF-APPARENT evidence steaming daily from every outlet of the MSM bar none, is all the evidence required.
He sounds like a perfect Labour bloke.
Crooked, theiving, lieing, corrupt, self interested, arrogant…..
They are all the same, right to their cores.
Gong….Round One to Guido.
Guido,
You have got some big balls to tell the truth about Lord Paul, given his available financial muscle.
Thanks for getting the truth out there.
If you ever find yourself on the end of legal shit from Lord Paul, I will make whatever donation I can to support you.
Keep up the good work.
Good work Guido
Who would have thought it eh?
Actually we would ALL have thought it now lets see if any of the Tabloids or even the BBC pick up on this one
I doubt the discredited Nick Robinson or Marr will go near it, they must be hoping that D Cameron has a forgiving and forgetting nature
Don’t bank on it biased Boys
“Crooked, thieving, lying, corrupt, self interested, arrogant…..
They are all the same, right to their cores.”
I had to change a few spellings ‘Throbber’, but you have just given a detailed account of the Tories, albeit with a few spelling mistakes.
Ha Ha Ha Ha
Ho Ho Ho Ho
Nice one Guido
O/T
By heck this woman is in for a shock.
http://news.bbc.co.uk/1/hi/world/asia-pacific/8515977.stm
Oh, Christ. ‘Shock’ is an understatement.
Talk about out of the frying pan, into the furnace.
oh my good. Poor woman.
Wunderbah Guido
Ja Ja Ja
Caparo? Isn’t that the shit car that burnt Clarkson’s wig?
YOU BASTARD GUIDO
What party supports the “workers” of this country. Old Labour supports truth, transparency and hard work. We want a properly run economy with a prosperous society. A society that can afford to build decent social housing, decent schools get the youngsters working. Acknowledge that recessions come and go. (stop this crap about boom and bust). Look at the facts and act upon them to run this country, example, if the proof shows (and it does) that taxing the rich leaves us poorer, then don’t… get the balance right. Stop this “divide” stuff and work for the country to create more wealth that than can be used to raise the standards of all.
Your sort of country sounds like the kind of place id like to live, where is this mythical place? (I hope its not fucking france!). Unfotunately I live in britain so all of the above is just a pipe dream.
Unfortunately the political ‘elite’ have other ideas, i.e. social control, increasing their wealth and privelige etc. Such grand ideas like a fair society where any one who is willing to put a bit of effort in can have a decent life doesnt quite work in a world where those in power no longer serve for the greater good but seek only to enrich themselves at the expense of the people and ensure they can carry on doing so.
Worse are those who ‘know’ whats best for us and have no interest in the opinions of those who disagree. At least with the greedy they are pretty predictable but those traitors who seek to change/destroy our society in their own image (such as by mass immigration) are far more dangerous.
I do believe that this governement has commited actual acts of treachery against the british people: Lying to parliament to start a war, mass immigration to change the social makeup of this nation (without bothering to ask/tell us), surrendering our soveignty to a foreign power without as much as a debate in parliament.
Not sure what we can fucking do about all this mind! But exposing people like ‘Lord’ paul is a start.
You Tories are a bunch of jokers.
This is capitalism and yet here you are moaning about it.
Jokers.
didn’t you mean hey that’s corruption?
Same difference.
And both the New Labour party and Conservative party are doing fuck all to correct or regulate it.
And you Labour buffoons applaud it when it is to your benefit. Duplicitous shits to a man.
Listen, keep your comments coming – they are amusing and they confirm everything…..or keep quiet so people don’t realise you’re a hoon!
Go wank over uncle Stalin and Che posters while waiting for your dole money.
another spotty little toryboy weed shits himself in fury because he’s a fuckwit
No it is not. It’s theft. Don’t care who did it. Stop making excuses,or the problem will never vbe solved.
But the Conservatives are arguing in favour of less regulation and New Labour are condoning such corrupt capitalist practises by allowing themselves to be patronised by such thieves.
You see how their policies just don’t add up?
End of the road socialist twat
Never mind–the Bottle Fed Boy is still going to lead your party
I am not a socialist. I take the Winston Churchill line that capitalism is the least bad system available but it must be strictly regulated.
Keep your misguided dogma to yourself.
If you only had a brain.
Throughout the history of the past two millenia, most people who have been murdered have been murdered by Governments. The more powerful the Government is the worse they are, Minimal Government is the answer and we can make a start by withdrawing from the monster in waiting that is the EU.
“personally bankrolled Gordon’s leadership campaign”
Would this have been included in the school exercise book that the the horrible fucking bastard say he doesn’t know about?
The left have never given a fuck about workers or people.
We are this blob called ‘the masses’ who get used to achieve the aims of an intelligentsia collective.
As bad as Nazis.
Nationalising Socialism?
Who styled Gordon’s kiss curl?
It was me
it is not a kiss curl – it is where I keep spare snot for later
Whether they are red or blue they will work us into the ground and steal our pensions.
Maybe that Karl Marx fella had a point.
We are getting fucked: it is time for a revolution.
Maybe L.Ron Hubbard had a point!
Don’t lose the plot.
Corruption is corruption, don’t throw the baby out with the bathwater. Engage.
As Rudyard Kipling should have said.
” If you can keep your pension, while all around are losing theirs and blaming it on you. Then you indeed are an MP my son
No I think that was Arfur Daley
Will David Cameron tell me what’s going on for fucks sake ??
I have to put up with this shit
Party chairman Eric Pickles moans in a radio documentary to be broadcast tonight that he has not been told whether the billionaire, whose business empire is based in tax haven Belize, pays his dues here.
He tells the BBC: “I do not know what his tax status is. If I did I would tell you.”
Indian engineering, nuff said.
They mean “Indycar” as in Indycar racing, not “Indian” car…..
Mr Allwell ,
You seem to think that New Labour is fit to govern this country even though
all of the evidence is to the contrary.
Are you truly demented or is it just a temporary state of mind ?
House of Commons Debates 16th June 2009
http://www.theyworkforyou.com/debates/?id=2009-06-16b.276.0
I have no knowledge of this particular scheme or company, but Guido please don’t use the same arguments as the unions over private sector damage to pensions -
There are lots of reasons why it is DISadvantageous to have a company DB pension fund in surplus. The tax and regulatory regime make this very bad news.
Obviously this is stupid, but it is the case, and lets face it stupid has characterised this present government re pensions – they have precipitated a complete disaster in private sector pensions – at the same time as promising about 1.5 x GDP in future tax revenue to the current public sector employees – all to be paid by our children.
Thats not to say for one minute that the group should have walked away from the company’s promises or that the regulator shouldn’t have sorted out the group but just a point about surpluses being run down which the unions always trot out ignoring the regulatory and tax background
Of course you do have to wonder who is responsible for the tax and regulatory background that can allow such abuses to happen.
Could it be the government?
I found that quite interesting Mr or Mrs Boring Accountant !!
Let us not forget this small matter:
Lord Paul considers quitting Lords over tax exile rules
“I will examine what it means and make the best decision for my situation. I am non-domiciled. I will follow the law.”
http://www.telegraph.co.uk/news/newstopics/politics/7205976/Lord-Paul-considers-quitting-Lords-over-tax-exile-rules.html
So Lord P has a choice: forgo Non Dom and Non Resident tax status, stay in the HoL, support the party he loves and pay up. Or sort of bugger off……
Place your bets.
surely it was the ‘right thing to do’?
as for the ‘roasted pig’?
didn’t gordon marry it?
But it would be bigamy if he married two fat pigs, would it?
Who watched Gay Gordon on telly last night?
Sorry, it clashed with Poirot. That was a real whodunnit drama.
We already know what Bubbles Brown (or DH as his ‘wife’ refers to him).
er…has done to damage UKplc.
You will hang for this Guido
I don’t know which has moved me more, Guido’s concern for steelworkers or Lightweight’s “spoiler” tears.
Who watched Brown last night??
We will never know will we?
ALL the Party Faithfull will have been ordered to Mandelsnake is probably grilling them now to make sure that they did
And not forgetting those from the BBC.
What a Twonk just when I thought he could sink no lower he manages too
“I’m not confident that we can’t have another 1992 election, in the same way I can’t be confident that journalists aren’t going to make any more mistakes,” says Robert Worcester. “You can’t be 100 per cent sure that lightning isn’t going to strike twice. It’s statistics, and I spend a heap of my life explaining this. It’s the marriage of asking questions with the science of sampling. I’d always say that it’s 95 per cent expertise and five per cent luck. And if you’re not lucky, then you’re in the wrong business.”
http://www.independent.co.uk/news/uk/politics/lies-and-statistics-the-pollsters-who-make-the-numbers-add-up-1899351.html
[...] deeper into the red than any other OECD member in the middle of a boom, or how it’s OK for a non-domiciled billionaire pension thief to fund my party leadership campaign, but not for Lord Ashcroft to donate to the Tories, or why I [...]
Look we don’t care what Labour politicians get up to, we only want to demonize fucking Tory scum. Can’t you lot get it, we take our orders form a mad gay one eyed Scotsman who keeps us in our 3.6 billion a year freebie. Do you lot know how much quality cocaine costs in London these days?
What I want to know is this: how the hell is it legal for anyone to raid pension funds?
Why don’t they simply go straight to court and then jail?
This is FAR more important than even the matter of where our politicians get their Party money.
It’s not legal, but see how far you get if you report it.
My ex-employer took over the 3rd party pension fund that my pension (and 100′s of others) was with, they explicitly said that even if every single member didn’t agree to the take over they’d still go ahead.
The people handing over the pension fund went against all the members’ interests and simply gave it away, the people grabbing the pension fund simply took the money.
There were obviously loads of backhanders going on (the people handing over the pension fund are legally duty-bound to act in the interest of their members; by explicitly going against all members’ wishes they broke the law). They also both broke data protection laws in the process on several fronts, as well as sending out letters from “company x” but with “company y” signatures/headed-paper.
The fund is now with my ex-employer who has physical access to all the accounts and can take whatever they want.
The regulator, ombudsman, police, and sfo simply don’t want to know; you can report these things to as many people as you want, but the corruption goes so far up the tree that it won’t go anywhere. Trust me on this one; I’ve tried reporting these things, and nobody will do anything. They all come back with the same response of:
“well, they wouldn’t just steal millions of pounds, would they? I mean that’d be illegal, and I’m sure they wouldn’t do anything illegal because they seem like a reputable company according to their brochure. Stealing money’s very naughty, I’m sure they know what they’re doing. Just go have a cup of tea and forget about it.”
Indians are brown jews. They will lie and thieve till the cows come home (then bum the cows).
Indian smells of shit.
Watch where all the Olympic £billions go with this criminal scumbag.
142 = labour troll.
What about Sir Ronald Cohen, fourth largest labour donor, supporter of Brown.
Was head of Apax Partners venture capital firm . Oversaw the raiding of BUSM pension fund.
Lakshmi Mittal Labour donor who closed UK steel works.
Mittal, Cohen and Paul all need waterboarding to get the truth out of the Hunts. Then booking into a Pol Pot style holiday camp for “re education”.
why was this wanker made a lord anyway?
Tories – Ashcroft; Labour – Paul and Mittal; LibDems – Michael Brown. I am sure they will be able to reach an amicable cross-party consensus on this minor issue, because the alternative is to pay parties per vote, and the tabloids would never let that one through.