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Brown’s reign of terror, Police State UK - is it time for Scottish independence?

Sunday, 30th November, 2008 | News | None

It emerged last night (29th November 2008) that Tory MPs have been so concerned about their private offices being, covertly bugged that they have regularly had them ’swept’. This says a lot about an informed perception of the present Government’s…

U-turn (well, for now) on secret Pre-Budget Report plan to raise VAT to 18.5% in 2011 - and is 20% on the cards?

Tuesday, 25th November, 2008 | Business, News | None

A Treasury document was discovered on the Government website a few hours ago, late on Monday 24th November. It was a briefing paper on the Chancellor’s Pre-Budget Report - but with additional measures not contained in the issued version.

This document makes…

Smoke and mirrors in Pre-Budget Report disguises a borrowing nightmare - and rise in fuel duty a bad hit on the Highlands

Monday, 24th November, 2008 | Business, News | None

Amongst the heavy use of smoke and mirrors in the Pre-Budget Report, there are three headline stories.

  • The Chancellor has made the biggest ever cut to growth forecasts - dropping from his forecast of 2.75% to 0.5% for this year, then…

New top tax rate to be introduced to help pay for VAT cuts - but not yet

Monday, 24th November, 2008 | Business, News | None

Another political trick, designed more to stifle the opposition than achieve anything significant, is the leaked plan to introduce a new higher rate of tax - but not now. It will be in the Labour Party Manifesto for the next…

Brown and Murphy score own goal in secret summit with FIFA on British football team for 2012 Olympics

Thursday, 13th November, 2008 | News, Sport | None

Post-Glenrothes hubris was always going to lure Gordon Brown into a step too far. But so soon? It has emerged that in pursuit of his strategy of entering a UK football team in the 2012 Olympics,  new Scottish Secretary, Jim…

Brown takes a risk in trying to make political capital out of RBS and HBOS rescue

Wednesday, 15th October, 2008 | Business, News | None

With more than a touch of hubris, Gordon Brown tried an early shot at goal in the aftermath of the banking crisis that has seen the possible part-nationalisation of the Royal Bank of Scotland (RBS) and Halifax Bank of Scotland…

UK Government warned in July about Iceland banks

Saturday, 11th October, 2008 | Business, News | None

It has emerged that the UK Government knew in July 2008 of the instability in the Icelandic banks (and indeed The Herald’s Alf Young mentioned the situation in an article in that paper on 28th March) .

The question will be…

Brown and Darling meeting Bank of England as RBS and HBOS lead shares plunge and Salmond calls for interest rate cut

Tuesday, 7th October, 2008 | Business, News | None

The Prime Minister, the Chancellor, the Governor of the Bank of England and the Chair of the Financial Services Authority (FSA) went into what can only be described as an emergency meeting at 5.00pm this evening.

As we have reported earlier,…

Is Brown fiddling while the UK burns?

Tuesday, 7th October, 2008 | Business, News | One

The FTSE has its worst crash since 1987, with - finally, almost £93 billion wiped off share values. The Prime Minister of Iceland goes on television to inform his country that it may go bankrupt. His government passes emergency legislation…

Germany not offering additional legal protection to savers - Britain may now hold back

Monday, 6th October, 2008 | Business, News | None

The BBC’s Business Editor, Robert Peston, has revealed that the announcement yesterday by German Chancellor Angela Merkel was no different from the verbal-only guarantee given to British savers by Prime Minister Gordon Brown and repeated by Chancellor Alastair Darling. This…