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golfing-clive.bsky.social
PAs AAs MAPs are not DOCTORS #SOSNHS
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NatWest to hike chief's pay to £6.5m as bank returns to full private ownership. In line for bonus to 150% of salary. What has the CEO done for this? Govts push real wage cuts on workers but none on company execs, dividends and share buybacks. It is class war. news.sky.com/story/natwes...

submitted 71 days ago • 30 comments

Bankers and private sector execs to scrutinise public sector spending to 'bring private sector into the heart of government'. Insane move by the UK Chancellor - Execs engaged in tax abuse, money laundering, frauds to decide the fate of NHS and public services. news.sky.com/story/banker...

submitted 75 days ago • 46 comments

Reeves orders 5% cuts to all govt depts in ‘efficiency drive’. Austerity by another name - cuts in services, real public sector wages, benefits. Want to save money? End privatisation of the NHS, care sector, 30%-40% vanishes in profits, money buys less. morningstaronline.co.uk/article/reev...

submitted 75 days ago • 40 comments

Road to the next UK financial crash. Bank stress tests to be run every 2 yrs, not yearly. No regulation of shadow banks. Capital adequacy of banks, insurance companies reduced. No cap on bankers' bonuses. Regulators to promote growth and competitiveness of finance industry What could go wrong?

submitted 85 days ago • 19 comments

In 2023-24 govt failures on fraud & error cost the public £55bn to £81bn. Probably higher as most of the potential loss goes undetected. Deepened in the 14 Tory years. Price of austerity, regulatory/procurement failures, corruption, cronyism, tax abuse. www.nao.org.uk/overviews/th...

submitted 92 days ago • 14 comments

Remember the global financial crisis? Well, high-risk securities are back. Abolition of bankers' bonus has sent green light for reckless risk-taking. Banks are slicing/dicing high risk debt for bigger profits. Govts will bail them out again. Nothing learnt. www.theguardian.com/business/202...

submitted 92 days ago • 16 comments

Peter Mandelson’s lobbying firm behind think tank pushing PFI 2.0. PFI: Govt guarantees corporate profits. Previously- Each £1 of PFI investment in infrastructure resulted in £6 repayment. Cheaper for govt to borrow, can create QE for infrastructure. democracyforsale.substack.com/p/scoop-pete...

submitted 93 days ago • 23 comments