We first must make it known that we are not for or against any UK political party.
We are apolitical.
There are a number of laws, regulations, and actions carried out by successive UK governments, which we will comment on, these are irrespective of the political party. The dates the relevant parties made up the UK Government, and that we comment on are as follows:
The UK Government Pre 1997
The UK Government between 1997 and 2010 was under the control of the Labour Party
The UK Government between 2010 and 2015 was under a coalition between the Conservative and Liberal Parties
The UK Government between 2015 and the publication of this website, the UK Government was under the control of the Conservative Party.
As this website is under development, some links may not work or appear.
We will publish all we think relevant.The speeches can be referred back to, as a number of politicians have short-term memories, they forget what they have said or promised in the past. Having extracts from their speeches should help to remind them, and hold them to account. Publishing the extracts here may stop politicians making promises they do not keep.
We will be creating pages for each political party, where we find facts that we believe may be of interest.
Government past and present policy and fiscal deficit
The current Government’s policy is to reduce a financial deficit, acquired over the past years. Whilst most can be blamed on the financial spending of previous governments, this amount has built up over the years, not just by the current generation.
Deficits are caused by government policies and each political party is responsible for the financial situation we have today. Irrespective of a change of MP’s or leaders, each political party still follows the same ethos. Political party’s of today have to take the responsibility of their predecessors.
What has not been mentioned is that the fiscal deficit has built up since World War I. The Government state they do not want to leave the deficit to the next generation. Whilst their statement and policy is admirable, the severe financial suffering being inflicted on this generation is not correct and is highly unnecessary. Whilst it is agreed that the deficit should be tackled, but as the deficit has been in existence for over 100 years, in varying amounts, clearing this should not be the responsibility of this generation. It has been stated that Interest Payments are over £50 billion a year, irrespective of this amount, the cost to the current generation is much too great. The deficit should be paid off, but not in the short timescale proposed. Why does the UK pay this much interest? The interest rate set on all the government borrowings is negotiated, by the government.
According to the National Audit Office (NAO), the public sector liability in the financial year 2013-14 was around £3.558 trillion. Taking into account its assets of £1.455 trillion, the net liability was £2.103 trillion. In a speech made by the prime minister, the interest payments on this debt are about £50 billion a year. The government is still borrowing, so despite what is stated, how and when will this debt be paid off?
Another factor which needs to be looked at. How do banks make their money? It is made through interest charges and through some financial speculation. If a bank does not lend money and receive interest, it makes insufficient money. Less money equals job loses. How much of the UK’s interest payments are keeping people in work, or boosting people pensions? Take away this money stream, what happens to the people whose wages come from it?
What happens in the unlikely event all the debt is paid off, so no more interest. What will the money be used for? The NHS, Defence, public services, etc.. NO. The UK tax-payers will see no benefit.
Annual government accounts are prepared and published by the treasury every year, but these can cover up to 300 pages, so not a quick read.
The one thing that every political party and MP needs to remember, it is us, British people who elect for them, so they can represent us in parliament. This means they work for us and must carry this out our benefit, and not to our determent.
The following will forward you to the relevant matters, which may be of interest to you.