Part 7 — Miscellaneous
Weekly returnSection 6 of the Bank Charter Act 1844 (Bank to produce weekly account) shall cease to have effect.
And be it enacted, That an Account of the Amount of Bank of England Notes issued by the Issue Department of the Bank of England, and of Gold Coin and of Gold and Silver Bullion respectively, and of Securities in the said Issue Department, and also an Account of the Capital Stock, and the Deposits, and of the Money and Securities belonging to the said Governor and Company in the Banking Department of the Bank of England, on some Day in every Week to be fixed by the Commissioners of Stamps and Taxes, shall be transmitted by the said Governor and Company weekly to the said Commissioners in the Form prescribed in the Schedule hereto annexed marked (A.), and shall be published….
Last year she claimed to be “a member of the GMB Union, the Respect Party, the Communist Party”, this year she is a member of the Conservative Party. Blue clearly is the new red. Mockery is not actionable Kaschke, so don’t bother sending a writ…
CPS decides no charges for Peter Hain MP
5 December 2008
The Crown Prosecution Service has today advised all concerned parties that there is insufficient evidence to charge Peter Hain MP with any offences in relation to donations made to Mr Hain’s campaign to support his bid to become Deputy Leader of the Labour Party in mid 2007.
Stephen O’Doherty, reviewing lawyer from the CPS Special Crime Division said: “Although Mr Hain did not report all regulated donations to the Electoral Commission within the 30 days stipulated by the Political Parties, Elections and Referendums Act 2000, in order to prove a criminal breach of the Act the Crown must first prove that Mr Hain held the position of either a ‘regulated donee’ or, if operating via a ‘members association’ he was the ‘person responsible for dealing with donations to the association’.
“The evidence in this case shows that Mr Hain’s campaign was run through an organisation named ‘Hain4Labour’ which was made up of members of the Labour Party. That organisation had its own bank account and the funds for Mr Hain’s campaign were solicited for that account and cheques donated were made out to that account. Those were all characteristics of a ‘members association’ as defined in the Act. Mr Hain was not a signatory to that account and did not direct where funds should be spent.
“In light of this evidence, I have concluded that Mr Hain was not the ‘regulated donee’ and nor was he the person responsible for dealing with donations to the association under the terms of the PPERA.”
“As to who should have been responsible for reporting these regulated donations, it is not possible to prove from the evidence available that any other individuals involved with Mr Hain’s campaign fell into the category of being either the regulated donee or the person responsible for dealing with donations. Accordingly I have advised the police to take no further action.”
Following a review into donations received to support Mr Hain’s election campaign by the Electoral Commission, the matter was referred for investigation to the Metropolitan Police Service in January 2008. Following their investigation, a file was submitted to the CPS in July 2008.
Here is a clue*:
From: Huw Roberts [mailto:firstname.lastname@example.org]
Sent: 24 April 2007 16:23To: email@example.com; firstname.lastname@example.org; ‘Dai Davies’; email@example.com; firstname.lastname@example.org; email@example.com; firstname.lastname@example.org;
Cc: email@example.com; firstname.lastname@example.org
Thank you all for joining us at dinner last night. I thought it was a thoroughly enjoyable event as well as very helpful to Peter’s campaign. As I am now off to France to recuperate, Kate Lewis has very kindly agreed to follow up on the delicate matter of the contributions to the campaign fund.
Cheques, made payable to “Hain4Labour” should be sent to Kate at Morgan, Allen, Moore, Bay Chambers, West Bute Street, Cardiff Bay, CF10 5BB.
*The authenticity of this email was confirmed by Huw Roberts to the journalist Martin Shipton of the Western Mail.
Another LibDem, Chris Huhne, gave one of the most spirited speeches in defence of Green’s whistleblowing and against the government’s heavy handedness.
The unprincipled partisanship of the Labour hierarchy over this has driven the LibDems to side with the Tories again. If the next election is competitive Labour may regret having driven the LibDems towards the Tories so many times on so many issues…
The fact is the banks have to earn a spread from the rate they lend against the rate they borrow, otherwise you get into the Northern Rock position with the cost of borrowing exceeding the return on lending. Politicians will nevertheless huff and puff regardless of reality.
UPDATE : The government is going to force banks to double their holdings of government bonds, supposedly to increase their “liquidity reserves”. Handy when the government is desperate to find buyers for gilts to keep itself afloat. If they have to buy gilts, it will make it even more difficult for banks to extend credit to corporate borrowers… doh!
Download full analysis (pdf).
UPDATE : This just in from a co-conspirator:
I’ve been perusing the great work of fiction that is
Gordy’soops, the Chancellor’s growth forecasts, and on page 1 of Annex A: The Economy we have this bullet-pointed gem:
‘UK GDP growth of 3/4 % for 2008 with the economy contracting in the second half of the year’
Now, when the chancellor stood up at the dispatch box, three quarters of 2008 GDP growth were known:
In order to hit the forecast 0.75%, the economy has to grow at feisty 1% in the fourth quarter. Has the Chancellor been outside recently?
UPDATE II :Some querying via email of how the GDP quarterly statistics are precisely computed by someone who seems to know what they are talking about; “There are lies, damned lies and statistics”.
70% paying rent aspired to owning their own home according to research by the Centre for Social Justice. Isn’t this something sensible that New Labour could support? Helping decent hard working low income families to become homeowners? It isn’t something for nothing, it isn’t privatisation, it is nudging with rewards. If the most difficult and troublesome households saw their neighbours being rewarded for good housekeeping it would incentivise them to literally put their own house in order. The workless underclass in public sector housing is disproportionately the source of most crime and social problems. Labour’s inability to make progress in this area despite huge expenditures is one of the biggest tragedies of the Blair years.
Report Summary download (pdf).