Scorched Earth: David Cameron could stop #Brexit now, so why doesn’t he? #ImpeachCameron

Screen shot 2016-07-03 at 22.53.24

It seems I am not as much of a tinfoil-hat-wearing space-cadet as you might think. I genuinely did not think the UK would vote to leave the EU. I thought it was all just a waste-of-time sop from the Conservatives, pretending to give a tiny fuck about what British people want.
What’s more, although I was expecting another financial crash, I didn’t think #Brexit was going to cause Sterling to shit a kidney. Also, I didn’t expect a spike in race-hate crime, or the cynically opportunist Labour leadership attempted coup.

But what I have been whinging on about for years is the bias in the mainstream media (so beloved of us lizard-spotters), the promotion of anti-immigration propaganda and the demonisation of Muslims.

Here is a three-part tweet from Channel 4 News’ Krishnan Guru-Murthy on July 1st, expressing his disdain for people wearing safety pins as a sign of solidarity with immigrants in the UK:

A bit late for the disingenuous turd to be saying that now after he, along with Cathy Newman, Jon Snow and the rest of the Channel 4 News presentation and editorial team have been happy to spread daily propaganda about immigration, Syrian “migrants” and radicalised Muslims for years.

But it’s not just Channel 4 News, these days BBC News is nothing more than a wing of the Conservative Party press office and both channels have given a platform for the inflammatory lies of UKIP’s Nigel Farage on an almost daily basis.

Why is that? Why would a supposedly unbiased news channel give disproportionate coverage to one very minor, single-issue party?

And why is Rona Fairhead the chair of the BBC “Trust”? (Try googling her if you don’t know who she is).

But the most important question remains: why would the Prime Minister of the United Kingdom not take one of the few opportunities available to him to be remembered as a statesman?

When the referendum is not legally binding, when both sides of the referendum campaigns have been revealed to have misled the public, when the majority is so small, when more than four million people have signed a petition calling for a second referendum, and when the result has directly led to a five-fold increase in race-hate crimes, why not halt the process, consult with the public, parliament and the EU, and provide for a second referendum?

Whatever speculation you might like to entertain about what went down in Downing Street, I couldn’t possibly comment. But I will be very interested to find out with which corporations David Cameron gets non-executive directorships when he leaves parliament.


Austerity for Dummies Part 5 – The difference between the deficit and debt – FYI @George_Osborne @David_Cameron #LongTermEconomicPlan

Osborne deficit

This is a rewrite of an explanation I read on the “Another Angry Voice” blog, although I don’t like the driving analogy used. I prefer to explain it in more traditional terms.

Imagine you are running a business that has a gross turnover of £100,000 and your entire costs, including wages and tax, are equal to £100,000, this would leave you with a net profit of zero but no deficit and no surplus.

If your turnover remains the same, but your total costs are £90,000, then you will be making a profit and, hence, a surplus.

If your total costs are £110,000, then you have a deficit. For your business to keep running  you might need to borrow money, and this accumulates as a debt. Not the same thing as a deficit.

If that deficit is the cost of buying new equipment as an investment (as a temporary debt), it does not mean that your business is not viable, even if it is running a deficit in the short term. Once the equipment is paid for, and starts to earn money from additional business, it is hoped that the increased income will pay off the debt out of your income surplus.

Conversely, if your business sells an asset, this might produce a short term surplus, but that does not mean that the surplus will continue, or that the business is viable.

The operating deficit of a business is not necessarily related to its debts, although it can be, but one thing is certain, the two things are not the same.