Content about News

I have been reporting for some time now that a number of central banks have already published policy documents detailing how bail-ins would work. The Bank of Canada, Bank of New Zealand, and the FDIC and Bank of England jointly, have all published something on the issue.

At its heart is the idea that savers are, in fact, "unsecured creditors" of the banks, and therefore come second only to shareholders should their assets need to be confiscated in order to keep a failed bank going for a little while longer.

The Speaker called Ken Clarke to the Commons to answer Michael Meacher's question, with Ed Balls representing the "Opposition", both of whom were attendees at last week's Bilderberg Conference.

Michael Meacher was granted the right to ask a question regarding the effect decisions made at Bilderberg would have on government policy. Unsurprisingly Clarke arrogantly dismissed Meacher's question, suggesting that if he 'finds something deeply disturbing abut this, might I suggest he finds a different group of people to exchange tweets with'.

Britain's charity sector has ballooned since 1999, when the annual income was a mere £23 billion. Taking inflation into account, that is a 43% increase in the size of the sector in less than 15 years. Which other area of the UK economy has seen such growth?

However, his proud announcement that he had succeeded in persuading other EU member states into agreeing to lift the arms embargo preventing Britain from arming the al-Qaida linked terrorists in Syria, was disingenuous at best.

Hague claimed:

EU nations agreed to bring the arms embargo on the Syrian opposition to an end. This was the outcome that the United Kingdom wanted. It was a difficult decision for some countries but it was necessary and right to reinforce international efforts to reach a diplomatic solution to the conflict in Syria.

That gulf is set to get ever wider as real incomes fall ever lower. Workers will see a wage increase of 0.8%, whilst the cost of living grows 2.4% (with food soaring up by 5%), as reported by the Daily Mail.

The 0.8% increase is a misnomer. There is no increase. When the cost of living rises above an increase in wages, what we are actually seeing is a reduction of spending power.

The news headlines continue to be filled with rhetoric designed to enrage. Google, Amazon, Apple and Starbucks are all in the crosshairs for "evading" tax. They're "evil". It's "outrageous". We should experience "anger", "rage", "fury".

Hague has the support of the French in his demands, which is unsurprising since we are tied at the hip as a result of our 50 year defence treaty. "I can say ... that we are prepared to do that [exercise Britain's veto], if necessary, but of course we are looking for agreement with other EU states."

Of course, Mr Hague, but in any case you will press ahead.

There will not be many of us unable to see that the handing over our national defence to corparations with foreign interests is national suicide. 

That is unless you are Bernard Gray, the Chief of Defence Materiel at the Defence Equipment and Support branch of the Ministry.

Whilst acting as an advisor to the Ministry of Defence in 2009, Gray compiled a review of  defence acquisition, in which he strongly recommended the privatisation of the Defence Equipment and Support Branch, by creating what is termed a Go-Co partnership.

The UK Supreme Court has upheld the refusal by the BBC to release information under the Freedom of Information Act, on the basis that it is exempt when that information is held for the purposes of "journalism, art or literature", even when the information is also used for other purposes.

The case was brought by a UK based solicitor, Steven Sugar, who had wanted the BBC to release the Balen Report, an internal report into the BBC's coverage of the Middle East. Mr Sugar had claimed that the BBC was biased against Israel.

The bombing by an attacker apparenly on a motorcycle, of an Israeli diplomat's car in New Delhi, injured four people.

The New Delhi attack took place just a few hundred meters from the prime minister's residence as the Israeli diplomat's wife was being driven to the American Embassy School to pick up her children, said Delhi Police Commissioner B.K. Gupta. As the car approached a crossing, she noticed a motorcyclist ride up and stick something on it that appeared to be a magnetic device, he said.

A simultaneous attack in Georgia seems to have been foiled.

The UN Security Council met yesterday to discuss support for an "Arab led resolution" to the continuing violence in Syria. Discussions are expected to continue today, with a vote likely at some point between tomorrow and next Tuesday.

However Russia has made it absolutely clear over the last two days in particular that it will not support the British led doctrine of regime change, which has replaced the out dated notion of national sovereignty.

Russian United Nations Ambassador Vitaly Churkin told the media yesterday: