Posts Tagged recession

Supermarket Sneak

Supermarket Sneak

It should be no great surprise to the average British shopper, but as each day goes by we are getting less and less value for money. There are more half-price, BOGOF and other offers out there, but the total at the till just keeps on rising. Not long ago our average weekly shop measured at between thirty and forty pounds; these days it often hits the fifty pound mark, and that’s without additional expensive treats. Read the rest of this entry »

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What a bunch of bankers

What a bunch of bankers

They almost succeeded in plunging this country into the worst financial meltdown since the 1920s, have been propped up by the taxpayer, and in spite – or perhaps because – of all this they are now throwing their toys out of the pram over their being asked not to dole out massive staff bonuses.

Yes, it’s our friends the bankers again – in particular, the bloated suits at the Royal Bank of Scotland who are threatening to quit if they cannot go ahead with doling out £1.5 billion in staff bonuses, most of which has been earmarked not for the footsoldiers manning the counters or even low-level branch managers but to the same speculators who were ultimate responsible for getting themselves and the country into this pickle in the first place. It should be noted that 85% RBS is owned by the taxpayer.

To get a handle on the actual calculations and costs, £1.5 billion in figures is £1,500,000,000; when this figure is divided by the working population which has been measured at around 33 million (33,000,000) we arrive at a figure of just over £45. This is the amount being contributed by each and every individual taxpayer just to cover these greedy bastards’ bonuses, let alone their hugely inflated salaries, some of which run into the millions. The overall cost of the bank bailout has been calculated at a staggering £850 billion – that’s over £25,750 for every single working taxpayer in the country. That’s pretty close to the average annual wage which currently sits at around the £30,000 mark.

I have always believed that people should be paid full value for what their job is worth, and frankly I fail to understand how a highly qualified doctor or teacher can be earning far less than some morally and ethically challenged individual whose role is play silly buggers with other peoples’ money. Such individuals are little more than parasites feeding off a collective misery; the capitalists that give capitalism a bad name. No, scratch that: we are not talking about mere capitalism here, but a plutocracy.

I can understand the need to remain competitive, but for the likes of RBS to dole out bonuses using funds gifted to them by the taxpayer is the ultimate height of cheek. Of course, the Government are making a pig’s ear of things by attempting to keep everybody happy – which of course means that nobody is. They would do well to follow the firm lead taken by the opposition, or better still the position by Liberal Democrat Treasury spokesman Vince Cable and call the RBS directors’ bluff. Let’s make that call and actually see if they really want to quit.

Of course, the most effective course of action would be to simply sack all of the greedy sons of bitches – something that is not actually as outrageous as it may sound. More outrageous perhaps would be my own solution – which would be to simply line them up against a wall and shoot them. At around a shilling a bullet, it would be an absolute bargain.

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