The U.K. government has been completely silent on how much extra money the state will give emerging economies every year up to 2035 despite signing a formal pledge that the world annual total from 43 richer countries will treble.
So far the U.K. pledged ÂŁ11.6 bn of state finance over the period 2021-2 to 2025-6. Unlike other countries that mainly offered loans the U.K. mainly sends grants. (85%).
Given taxpayers had to pay for the travel and hotel bills of 470  U.K. participants in COP 29 you would have thought they could provide the PM with a clear bill to present to the Chancellor, and should tell the rest of us who will be paying  it.
If over the next five years we just double the last, on the way to trebling  next decade, that is another ÂŁ11 bn black hole entirely of this governmentâs making.
Time to come clean.
November 30, 2024
It won’t end until the Trotskyites, socialists and communists run out of other people’s money. That will happen only when the UK is forced yet again to go to the IMF for a bail out.
November 30, 2024
Unlikely to be long with the Reeves tax borrow and piss down the drain lunacy, the net zero lunacy, nationalisation lunacy and workers rights lunacy, anti-car lunacy and war on landlords insanity. 180 degrees out on every single issue.
November 30, 2024
It won’t stop until they are all run out of town!!
November 30, 2024
Trump will put an end to this madness
Hopefully he will expose it for the money laundering ot really is.
2TK is having us for mugs. Asylum is now costing ÂŁ15 milli9n daily. Where are the supposed benefits of mass immigration coming from. Thieves has destroyed growth with her highwayman style budget and debt repayment is getting out of hand. The IMF will be required very soon.
November 30, 2024
Ian
Let us hope where Trump leads others will follow, and thus end this financial lunacy, which scientifically makes no sense.
November 30, 2024
Starmer probably thinks âsilence is goldenâ. The plan seems to be – do as you please, donât explain, get the police on the case if things get heated.
November 30, 2024
I fully expect the policies of the Labour government to reduce jobs and hence tax take. The response is likely to be they will come back again with more tax rises to pay for their socialist agenda. However, I believe we are already on the wrong side of the Laffer curve so that will prove counter-productive.
The country’s finances will demand cuts, but the benches of socialists will refuse that. Reeves will be sacked as a scapegoat, but her replacement will fare no better.
I suppose we will then be in the territory of the government collapsing, so we will have to have a general election and the parties will need to reset their manifestos.
Am I missing something?
November 30, 2024
Indeed a large black hole and a complete waste of money too that will achieve nothing at all. But this was supported by the Tories and the foolish Sunak for 14+ years and still is now. Claire Coutinho is still sitting on the fence of the âwe support the net zero lunacy it is vitalâ but would go just a bit more slowly. Thank goodness for Trump who will hopefully will expose the net zero lunacy and bogus science in all its evil glory.
He will hopefully do the same for the vast net harm Covid Vaccines, the woke lunacy and the push for more free speech.
November 30, 2024
Charles Moore today.
âRevealed: Sir Keir Starmerâs guilty secret â he doesnât like politics
The Prime Minister does have an ideology. He believes human rights should be our religion and lawyers its high priestsâ
The last thing this country needs is more laws & lawyers, more international organisation, more taxes, more enforced so called ârenewablesâ and more net zero.
November 30, 2024
âClimate change payments are a new large black hole in budgetâ indeed but far larger than this direct (and pointless expenditure) is the huge damage done to the economy by the whole net zero and expensive energy agenda. To the car industry, farming, fertiliser, concrete, steel, gas, oil and many other industries and jobs thus exported and jobs lost.
November 30, 2024
Since Two-Tier-Keir appointed a convicted fraudster as Transport Minister; a serial liar as Chancellor; a race-baiting, anti-British embarrassment as Foreign Secretary; and a mad Eco Zealot as Minister for No Energy ….. as well as personally being “the freebie king of Westminster” …. I would suggest that the chances of getting some honesty about the additional ÂŁbillions it has pledged to print/borrow/tax to give away on the UN’s Climate Scam are about the same as me winning the lottery …. when I don’t participate .
November 30, 2024
Post of the day.
+1
November 30, 2024
Great post. How did we get into this mess.
PS, has the cost of nationalising and ‘rebuilding’ the railways in public ownership going to cost? Has that been ‘fully costed’? it was in the manifesto.
Reply No, not fully costed. Rail largely nationalised by last government and already costing a fortune, but it will get worse.
November 30, 2024
PPS, an interview on Daily Sceptic with David Frost is well worth a view.
November 30, 2024
Indeed worth paying them the ÂŁ5 a month for full access too. Very sound on most topics.
November 30, 2024
I too have never bought a lottery ticket but I did once win. Winning a ticket at a golf range (if you got a certain coloured ball). Alas only a ÂŁ10 win. John Majorâs lottery is another tax on dimmer and poorer people. Then usually spent on things (good causes as they say) for richer people or wasted as general taxation and large admin costs. On balance prob. does net harm to the economy in pointless activity and wasted time.
Unless you think the excitement of thinking you might win but then not doing so is a real benefit to people?
November 30, 2024
I suggest that anyone who participates in the Lottery (as well as Children in Need and all the other BBC promoted charity events) should first carefully check the nature of the “Charities” which are receiving money. I think they’ll find that a significant proportion of the “charities” are not the kind of organisation most of them would choose to support if they were asked to donate their money directly.
November 30, 2024
Indeed and the % that actually gets to the claimed “good” causes after admin costs, higher management wages, agents frees, taxes etc. Far better to find a charity that you are confident is sound and give directly so nearly all of the cash plus the gift aid tax rebate get to the good causes.
November 30, 2024
Reminds me of the joke when a chap keeps praying to his God to win the lottery but still keeps loosing. Then, in total desperation, he prays one last time and a booming voice comes from the heavens âDavid for Xâs sake will you at least meet me half way and buy a ticket mate!â
November 30, 2024
Well said that man.
November 30, 2024
Saved me a diatribe there Donna đ
November 30, 2024
+1 @Donna
November 30, 2024
Say it as it is Donna. !
A little harsh, but we get the point, which is well made.
November 30, 2024
There must be black holes inside the skulls of members of this government. The disconnects between what was said in the Labour manifesto and what has already done, or now says it will do, must be unprecedented. The disconnects between its demands for high standards in public life while in opposition and the actual behaviour of ministers now they are in office must also be unprecedented. Barring some miracle we must endure this disaster of a government for another four years.
Footnote: the election petition has now reached 2.9 million votes.
November 30, 2024
More lunacy from the BBC on QT and Any Questions. The only sensible person from the 11 including the 2 Chairs was Mogg and even he is potty on things where his religion cuts in. He thinks the life of a frail and dying 95 year old is as valuable as that of a fit, healthy 12+year old. So presumably if they both needed a liver transplant and had only one liver free he would toss a coin and let god decide! Or is the elderly person needed a kidney he would take one of the 12 year olds two? Very little sense from the typically very unrepresentative audience either.
Has he not heard of and understood the concept of Quality-Adjusted Life Years?
November 30, 2024
If Mogg really believes in this equality of a life then logically he would abolish the use of QALYs by NICE and government! Is this really his view?
November 30, 2024
LL,
Ten posts from twenty five today. Thatâs 40 per cent ! How do you get away with it ?
November 30, 2024
Good morning.
The money is going somewhere. Question is, who too and for what ? Because it ain’t gonna reduce CO2 levels, that’s for sure đ
If I were somewhat cynical (stop laughing at the back) I would say something nefarious is going on ? You know, the odd ‘kickback’ or two đ
November 30, 2024
Indeed to whom and for what?
Even if it did reduce CO2 a little this is not a positive anyway. A bit more plant food is a net good.
I was fairly cynical as a child the older I get the more I realise I am not cynical enough.
Take for example Jo Moore, who works for Stephen Byers, the Secretary of State for Transport, Local Government and the Regions on 9/11 âa good day to bury nad newsâ or indeed the pushing of the Net Harm Covid vaccines by Big Pharma, Government, MSM, the compromised âvaccineâ regulators, government âexpertsâ world organisations, Handcock & Neil Oâbrian types. Let us hope Trump, Kenedy and his team will expose all this too.
November 30, 2024
If you want to shell out to read it, Isabel Oakeshott is reporting on the Government’s Experimental Gene Therapy Jab policy on Substack …. information direct from the WattsApp messages Handcock shared with her ….. including the Government’s coercion policy; the silencing of the media policy; their early knowledge about the ineffectiveness of the jabs and their knowledge that in “very rare” cases they were causing serious harm, whilst still coercing people who derived no benefit from them to be jabbed.
November 30, 2024
470 delegates for a 2 week all expenses trip… think of the carbon footprint! The hypocrisy doesn’t even register with Milibrain.
November 30, 2024
It is a bit surprising the government are even allowed to conceal how much they are committed to pay as a result of both COP and Chagos treaties. Why arenât the Conservatives highlighting this ?The extent of Conservative opposition to the government is moaning about EV car quotas that they themselves brought in.
November 30, 2024
Look upon the positive side. It hastens the day this gathering of losers are forced to go begging to the IMF.
November 30, 2024
Government is practicing a fraud on the British people. We have not been consulted on these hugely costly issues, indeed I seem to recall one of the reasons a small number of MPâs voted against the CCA legislation was the absence of costing estimates. Subsidies to wind and solar farms, ÂŁ800 million pa subsidy to Drax, ÂŁ60 per MWH carbon tax on our gas, massive costs for connectivity to the grid, thereâs just a constant loading of on those paying energy bills. All this is ongoing yet the actual amount of electricity generation we get from these renewables is pathetic hence the need for CCGTâs and nuclear. And weâve just had written notice to expect power cuts this winter! What a shocking shambles this has become.
November 30, 2024
Just imagine what could be done with that money.
Education, training, and re-training for those wishing to get back into employment after losing jobs through no fault of their own (and I think those numbers will be climbing soon)
Endless possibilities to stop us becoming a backward and sluggish place.
It is more than salt to the wounds to know that we will be paying to elevate others, while at the same time brought down for ‘levelling up’.
November 30, 2024
I was planning to submit a post on this subject today, but having seen no less than 10 accepted posts of the usual climate change denial, pro-fossil fuel anti-renewables crap from “Lifelogic” I cannot be bothered.
Do have a nice day
November 30, 2024
By “Time to come clean.” do you mean admit that man-made climate change and net zero are scams designed to control and impoverish the majority for the benefit of a globalist cabal? Isn’t it time also that we were told if and by how much politicians gain personally for perpetuating these scams?
November 30, 2024
It is unlikely that we will ever receive an accurate report of this wealth transfer – Starmer prefers we don’t know the true figures.
Just like the real cost of moving to netzero, they are afraid to even mention the amount of money this will cost us, in addition to the harm it is doing to our economy. If they were honest about it all there really would be serious riots out on the streets.
In fact they are afraid to even try to calculate the full cost of netzero, preferring instead to calm us with vague guesses.
Giving our money to other countries will just enhance our debt, and will likely be squandered on vanity projects to line the pockets of those in power.
First car manufacturer to be affected because of netzero policies: Vauxhall are closing their Luton plant.
The petition to force a new general election has reached 2,909,765 signatures.
November 30, 2024
And completely pointless. Whatâs the saying ⊠âpoor people in rich countries giving money to rich people in poor countries.â Time to stop this nonsense.
November 30, 2024
Good, democracy is functioning well. People voting for a free lunch will end up paying with their lives and freedoms.
November 30, 2024
I think the UK taxpayer should transmit total government spending into their days of work in order to properly appreciate their tax burden.
The Adam Smith Institute advised that June 10th 2024 was UK tax freedom day. So, on average, we worked 161 days purely for the taxman this year (by comparison, tax freedom day is usually around April 20th in the USA).
So we are already working an extra 7 weeks more than we should be doing for the taxman. Alternatively put, we all lose 7 weeks pay every single year.
The British taxpayer should be thinking in these terms whenever they hear of ever more government spending. It is their hard work and their money being spent. 7 weeks of their hard work is wasted every single year!
November 30, 2024
Paul Homewood on Conservative Woman wrote, “If that $300billion is averaged out according to GDP, the UKâs share would be $36billion a year assuming Trump does pull out. That is three times the current Overseas Aid budget. Even Rachel from Accounts will have a hard time finding that much money!”
There is an hour long overview of the whole COP29 farrago by Dr John Robson whose subscribers (Climate Discussion Network) paid for him (a sceptic) to attend. He concluded that most of these enthusiasts for decarbonisation were genuine and not part of some giant globalist conspiracy but uncritical and unthinking about the broader picture or the science behind it. Here is his account: https://www.youtube.com/watch?v=Y4a792Vg9hg
November 30, 2024
If Conservatives wish to see how Ed Miliband’s fanatics view our green future, you should read this latest document from the Fires research project funded by the UK Government: https://www.ukfires.org/wp-content/uploads/2019/11/Absolute-Zero-online.pdf. Starmer lied when he said that he would not start telling people how to live their lives, as there are serious changes envisaged. In particular, do read the Key Messages for Industrial Sectors and Individuals.
Here is just one paragraph on the Cement Sector: “Cement sector: All existing forms of cement production are incompatible with zero emissions. However, there are some opportunities for expanded use of clay an urgent need to develop alternative processes and materials. Using microwaves processes to recycle used cement appears promising.” It is all fantasy, but dangerous fantasy. Specifically on flying, it recommends all airports except Heathrow, Belfast and Glasgow should close by 2029!