Bottling on Northern Rock

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“Bottler” Brown, Scottish Prime Minister non-elect

“Bottler” is bottling it once again.

Northern Rock is costing British taxpayers a great deal of money.

The share holders are moaning about their investment if Northern Rock is nationalized or given away to Richard Branson. They overlook the fact that investors are gamblers who hope that a small investment will grow rapidly for no effort other than providing money to a commercial organization. Well gambling brings risk and the risk is you lose your shirt. Due to very bad management, Northern Rock became the subject of the first bank run in modern British history. Had the taxpayer not been forced to shore up the crumbling structure by pumping billions into the bank, it would have gone bust. That’s the point where shares become worthless.

“Bottler” Brown is terrified of making a decision and has been dithering since September and possibly earlier (because we do not yet know when he first learned of the problem which was largely a result of his botched interference in financial regulation when he was Chancellor).

It looks like small investors will individually lose thousands, finance houses that bought stock after the run in the hope of making a fat profit will lose millions and the British taxpayer will lose billions. In the meantime the staff and management of the failed bank pocketed some very fat bonus payments (paid for by the British taxpayer).

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RATIFICATION OR REFERENDUM ?

Lisbon Treaty Update

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By Nigel Farage

2008 is the year that the EU intends to ratify the Lisbon Treaty. Their plan is to do this as quickly as possible and to avoid referendums, except for the Irish, who will hold one. This Treaty, virtually identical in context to the failed EU Constitution, transfers significant powers to Brussels and must be opposed.

Timetable
The second reading of the Treaty is due to come before the House of Commons on 21st or 28th January 2008. Third and final reading is planned, with a couple of weeks or so of debate, to be completed in March. The process will then move to the House of Lords. The EU is keen to have 26 ratifications before the Irish Referendum, which will probably be in May.

UKIP Actions

Court Case
Ex-Labour Party activist but now UKIP member Stuart Bower has a case against Gordon Brown. Stuart stood for UKIP in Hove, East Sussex, in the General Election of 2005 and will be our candidate there again.

On 7th February at 10am he has been granted a hearing at Brighton County Court against Gordon Brown on Breach of Contract of the Human Rights Act (the right to a free election).

His argument is that the manifesto pledge to have a referendum was a binding contract which has been broken. UKIP members who want to support Stuart will be told more by the South East organiser Steve Harris, who can be reached on 01903-885573. I will be there on the day, too, and we can expect considerable interest in the result.

Street Campaigns
It is likely that the end of February and through March will see huge interest in the media about this Treaty. We need as many UKIP branches and candidates out in High Streets and markets meeting the public.

Steve Allison, Head of Campaigns, will be e-mailing a petition form to every branch this week which can be downloaded. Every signatory who gives us permission will receive further details about UKIP and our campaign for independence.

It is worth remembering that in 2003 large numbers joined UKIP after signing petitions.

European Parliament
The Treaty comes before the European Parliament in February. The result there is a foregone conclusion.

In December we led the protest against the Charter of Fundamental Rights. There will be further protests because these people have reneged on a promise to give a referendum.

Houses of Commons and Lords
With no UKIP MPs it is the Tory Party who will lead the demands for a referendum on this Treaty (we must bear in mind that their euro scepticism runs no deeper than this).

Perhaps our best hope is a referendum amendment in the House of Lords where Lords Pearson and Willoughby de Broke will play their part.

At the moment the arithmetic does not look very promising. This is chiefly because the Lib-Dems have also broken their manifesto pledge to support a referendum on the Treaty.

Irish Campaign
Our Irish colleague Kathy Sinnott works with us in the Independence and Democracy Group. They will want as many people as possible to come and knock on doors in May. The other nationalities in IND/DEM will also be sending helpers. Ireland may well be the only chance we have to stop this Treaty!

Poetic Justice

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Blair Brown Regime Minister Ms Flint was the fundamentalist who pushed through anti-smoking legislation in Britain. Had she had any guts she would have banned tobacco and its use but she took the easy route of banning smoking in public, entertainment and work premises, and then tried to make the habit as humiliating as possible.

The rich irony is that she has been forced out of her office at Westminster. It seems that an area outside her office has been designated as a smoking area and is packed with smokers. Faulty ventilation in her office has resulted in the smoke filling the room

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