The Anonymous Widower

Labour’s Spending Plans

In my varied life, I have had a lot of experience of the mechanics of borrowing money and the costs of running financial companies.

Consider.

  • One of my best friends was the Business Banking Director of a well-known Clearing Bank
  • Another good friend was the Chief Management Accountant of the same Bank.
  • I learned a lot of the mechanics of leasing and managing assets and obtaining the finance to do so from a Company Accountant.
  • I owned a Local Finance Company.
  • I was an early investor in Peer-to-Peer Lending.
  • I have extensively modelled banking and finance systems, including the aforesaid Clearing Bank.

After reading summaries of the billions that Labour propose to spend and borrow, I fear that their plans have one serious hole.

What makes them think, that any reputable Bank, Pension Fund or Financial Institution, thinks they will lend them what they need?

Blair’s Government was able to borrow because, it was offering profitable deals like PFI, which I doubt the Corbynistas would.

Corbyn, McDonnell et al are in Cloud Cuckoo Land.

May 17, 2017 Posted by | Finance, World | , , | 2 Comments

Welcome To The Corbyn Comedy Channel

The leaking of the Draft Labour Manifesto is to my mind, proof, if it were needed, that the current Labour Party can’t be trusted to organise a piss-up in a brewery.

I have only read summaries, but most of the policies show such a disregard for the rules of economics, taxation and politics, that it could have been written by someone with Monty Python’s grasp of comedy.

May 11, 2017 Posted by | World | , , | 1 Comment

The Female Of The Species Is More Deadly Than The Male

The title of this post is from a poem by Rudyard Kipling, but could the 2017 General Election be a rerun of the 1983 General Election, where Margaret Thatcher gave Michael Foot, the order of the boot?

Jeremy Corbyn is actually two years younger than Michael Foot was at the 1983 General Election, which was incidentally when he was elected for the first time.

At the 1983 General Election Margaret Thatcher was in her late-fifties and now Theresa May is in her early-sixties.

I think that humorists and cartoonists will be having a good election, drawing comparisons.

Thatcher won her biggest victory in the Falklands, so will May win her victory in the Brexit negotiations?

I certainly feel that far outposts like the Falklands and Gibraltar could figure in this election.

April 19, 2017 Posted by | World | , , , , , , | Leave a comment

Jeremy Corbyn On Brexit

Replying to Theresa May’s announcement of Article 51, Jeremy Corbyn gave a speech that was probably nine month’s late. If he had been so anti-Brexit last summer, perhaps the result of the Referendum would have been different.

March 29, 2017 Posted by | World | , , , | 1 Comment

The Voters Can Spot A Bullshitter A Mile Away.

According to today’s Standard, this was said by Michael Dugher, MP about Jeremy Corbyn.

He may have said it, but it is a statement that underestimates the intelligence of the average voter. They can spot a bullshitter from a lot further than a mile.

August 24, 2016 Posted by | World | , | Leave a comment

Losing The Plot?

David Aaronovitch in The Times today has a piece about the Labour Party and its leadership election.

He says this.

On the very day that Theresa May was, in effect, transfigured into prime minister, Corbyn was at a meeting of the Cuba Solidarity Committee, recommitting to the dynastic dictatorship of the Castros, just as he has been doing these 40 years.

Was Corbyn getting advice?

I am virtually Corbyn’s age and I can remember the ardent, often heavy smoking, left-wingers we had when I was at Liverpool University, in the 1960s. Prominent amongst them was that pillar of the left; Robert Kilroy Silk, who incidentally was C’s tutor and persisted in smoking Capstan |Full Strength all through tutorials, despite C being pregnant at the time.

I have checked the Internet for all the left-wingers, that I remember from that time and all seem to have vanished without trace. I wonder how many are living in semis in Pinner, Mossley Hill and Edgbaston, with a Mondeo outside and 2.4 children?

 

July 14, 2016 Posted by | World | , , | 2 Comments

I’m Rather Pleased We’ve Now Got Fixed Term Parliaments

On Sunday morning, I usually watch the Andrew Marr Show and then listen to Pienaar’s Politics on the radio.

  • Jeremy Corbyn didn’t give the sort of performance one would expect from a future Prime Minister.
  • Aaron Banks, who supports UKIP, frightened me, with his support for the party of neck-enders.
  • I didn’t like the treatment Angela Eagle says she is getting from Corbyn supporters.

The only sane voices were the two women, who reviewed the papers on the Andrew Marr Show.

One was so disillusioned  with the Labour Party, she has decided to be a stand-up comedian. She certainly got plenty of material.

At least because we should wait to 2020 for the next General Election, there is time for everything to calm down.

July 10, 2016 Posted by | World | , , , | Leave a comment

Corbyn Courts The Jewish Vote

This article on the Jewish Chronicle is entitled How the unveiling of Labour’s antisemitism report turned into a Corbyn calamity. This is the first paragraph.

It was the political equivalent of running into a burning building with a can of petrol and liberally chucking the fuel over anything you could find.

What Jeremy Corbyn did this morning almost defied belief. Even in these extraordinary times, it was an act of such reckless abandon that veteran political correspondents watched open-mouthed.

Mr Corbyn came to the launch of his party’s report into antisemitism, conducted by Shami Chakrabarti, after the worst week of his decades-long political career.

I’d gone to their web site to get a digest after reading the various tweets after the Jewish MP; Ruth Smeeth was abused.

I’m not Jewish, but I have Jewish genes, so I certainly wouldn’t vote for the Labour Party, even if they were the only non-Fascist candidate.

 

 

June 30, 2016 Posted by | World | , , , | 8 Comments

SNP Seeks To Replace Labour As Official Opposition At Westminster

This is the title of a story on Politics Home today.

I listened to Prime Ministers Questions today from start to finish and it is worth comparing the performance of Angus Robertson and Jeremy Corbyn.

Robertson’s performance was workmanlike and professional, but Corbyn’s contribution was not of the best quality.

I have not really listened to Corbyn’s contributions much in detail much before, but I got the impression, his heart didn’t seem to be in the debate.

I also thought that he was more long-winded than most other party leaders I remember well. Is he always like this, or is it because he has something else on his mind?

He is certainly not fulfilling his royal of leader of Her Maject’s Loyal Opposition.

If he doesn’t want the job, then I’m sure Angus Robertson could fill in!

 

June 29, 2016 Posted by | World | , | 2 Comments

After Losing 2-1 Roy Hodgson Resigns, So What Does Corbyn Do After Losing 172-40?

I think one man is honourable,

I’ll let others judge JC!

June 28, 2016 Posted by | Sport, World | , , , | 1 Comment