Gordon Brown brings Britain to the edge of bankruptcy
Iain Martin says the Prime Minister hasn't 'saved the world' and now faces disgrace in the history books The Government's bail-out of the banks in October with £37 billion of taxpayers' money was supposed to have "saved the world", according to the PM, but now it is clear that it has not even saved the banks.
Our money kept the show on the road for only three months. As the Liberal Democrats' Treasury spokesman Vince Cable asks: where has the £37 billion gone? The answer, as Cable knows, is that it has disappeared down the plug hole.
10. Entered Governmental part ownership of the failing Banks.
British government unveils £37bn banking bail-out plan
Banks part owned by UK govt running scared of lending to commercial property sector The government will take a controlling stake of up to 60% in RBS, in return for up to £20bn from the taxpayer. The bank admitted this morning that trading has deteriorated in recent weeks. The chief executive, Sir Fred Goodwin, known as "Fred the Shred" for his cost-cutting reputation, and chairman Sir Tom McKillop are stepping down.
Lloyds, which renegotiated its takeover of HBOS over the weekend, will receive up to £17bn once the merger goes through. This will leave the government owning up to 43.5% of the enlarged group, with Lloyds shareholders owning 36.5% and HBOS's investors just 20%.
11. Lost millions of government records on the populace
Government's record year of data loss
A record 37 million items of personal data went missing last year, new research reveals. Most of the data was lost by government officials but councils, NHS trusts, banks, insurance companies and chain stores also mislaid or published personal information about staff or members of the public.
Many losses were caused through CDs going missing in the post, laptop thefts, and inadequate security systems that failed to stop hackers reading information stored on computers. The details lost included those of names, addresses, passports, bank and mortgage accounts, credit cards, hospital records, dates of birth, national insurance numbers, driving licences and telephone numbers.
Thank you very much Tony Blair and Gordon Brown and the labour government for doing your best to destroy the country!
Role on May the 6th of May – it’s POLLING DAY!!
Peace out,
Korg.
[edit on 16-3-2010 by Korg Trinity]




