Best of the Week
Most Popular
1. Ray Dalio: This Debt Cycle Will End Soon - John_Mauldin
2.Stock Market Dow Plunge Following Fake US - China Trade War Truce - Nadeem_Walayat
3.UK House Prices 2019 No Deal BrExit 30% Crash Warning! - Nadeem_Walayat
4.What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - Andrew_Butter
5.Stock Market Crashed While the Yield Curve Inverted - Troy_Bombardia
6.More Late-cycle Signs for the Stock Market and What’s Next - Troy_Bombardia
7.US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - Troy_Bombardia
8.TICK TOCK, Counting Down to the Next Recession - James_Quinn
9.How Theresa May Put Britain on the Path Towards BrExit Civil War - Nadeem_Walayat
10.This Is the End of Trump’s Economic Sugar High - Patrick_Watson
Last 7 days
Natural Gas Price Setup for a Big Move Lower - 13th Dec 18
How to Get 20% Off Morrisons Weekly Supermarket Shopping - 13th Dec 18
Gold Price Analysis: Closer To A Significant Monetary Event - 13th Dec 18
Where is the Stock Market Santa Claus Rally? - 12th Dec 18
Politics and Economics in Times of Crisis - 12th Dec 18
Owning Precious Metals in an IRA - 12th Dec 18
Ways to Improve the Value of Your Home - 12th Dec 18
Theresa May No Confidence Vote, Next Tory Leader Betting Market Analysis and Forecasts - 12th Dec 18
Gold & Global Financial Crisis Redux - 12th Dec 18
Wow Your Neighbours With the Best Christmas Projector Lights for Holidays 2018! - 12th Dec 18
Stock Market Topping Formation as Risks Rise Around the World - 11th Dec 18
The Amazing Story of Gold to Gold Stocks Ratios - 11th Dec 18
Stock Market Medium term Bullish, But Long Term Risk:Reward is Bearish - 11th Dec 18
Is a Deleveraging Event about to Unfold in the Stock Market? - 11th Dec 18
Making Money through Property Investment - 11th Dec 18
Brexit: What Will it Mean for Exchange Rates? - 11th Dec 18
United States Facing Climate Change Severe Water Stress - 10th Dec 18
Waiting for Gold Price to Erupt - 10th Dec 18
Stock Market Key Support Being Re-Tested - 10th Dec 18
May BrExit Deal Tory MP Votes Forecast, Betting Market Analysis - 10th Dec 18
Listen to What Gold is Telling You - 10th Dec 18
The Stock Market’s Long Term Outlook is Changing - 10th Dec 18
Palladium Shortages Expose Broken Futures Markets for Precious Metals - 9th Dec 18
Is an Inverted Yield Curve Bullish for Gold? - 9th Dec 18
Rising US Home Prices and Falling Sales - 8th Dec 18
Choosing Who the Autonomous Car Should Kill - 8th Dec 18
Stocks Selloff Boosting Gold - 8th Dec 18
Will Weak US Dollar Save Gold? - 7th Dec 18
This Is the End of Trump’s Economic Sugar High - 7th Dec 18
US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - 7th Dec 18
The Secret Weapon for Getting America 5G Ready - 7th Dec 18
These Oil Stocks Are a Ticking Time Bomb - 7th Dec 18
How Theresa May Put Britain on the Path Towards BrExit Civil War - 7th Dec 18
How easy is it to find a job in the UK iGaming industry? - 6th Dec 18
Curry's vs Jessops - Buying an Olympus TG-5 Tough Camera - 5th Dec 18
Yield Curve Harbinger of Stock Market Doom - 5th Dec 18
Stock Market Crashed While the Yield Curve Inverted - 5th Dec 18
Global Economic Outlook after Trump-Xi Trade War Timeout - 5th Dec 18
Stock Market Dow Plunge Following Fake US - China Trade War Truce - 5th Dec 18
Subverting BREXIT - British People vs Parliament Risks Revolution - 5th Dec 18
Profit from the Global Cannabis Boom by Investing in the Beverage Industry - 4th Dec 18
MP's Vote UK Government Behaving like a Dictatorship, in Contempt of Parliament - 4th Dec 18
Isn't It Amazing How The Fed Controls The Stock Market? - 4th Dec 18
Best Christmas LED String and Projector Lights for 2018 - Review - 4th Dec 18
The "Special 38" Markets You Should Trade ebook - 4th Dec 18
Subverting BrExit - AG Confirms May Backstop Deal Means UK Can NEVER LEAVE the EU! - 3rd Dec 18
The Bottled Water Bamboozle - 3rd Dec 18
Crude Oil After November’s Declines - 3rd Dec 18
Global Economic Perceptions Are Shifting - Asia China Markets Risks - 3rd Dec 18
Weekly Charts and Update on Equity Markets, FX Trades and Commodities - 3rd Dec 18
TICK TOCK, Counting Down to the Next Recession - 3rd Dec 18
Stock Market Key (Short-term) Support Holds - 3rd Dec 18
Stocks Bull Market Tops Are a Process - 3rd Dec 18
More Late-cycle Signs for the Stock Market and What’s Next - 3rd Dec 18
A Post-Powell View of USD, S&P 500 and Gold - 2nd Dec 18
Elliott Wave: SPX Decision Time Is Coming Soon - 2nd Dec 18

Market Oracle FREE Newsletter

How You Could Make £2,850 Per Month

Con-Dem Government Starts to Crumble, David Laws Resigns, Liberal Democrats Betray Voters

Politics / UK Politics May 29, 2010 - 03:05 PM GMT

By: Nadeem_Walayat

Politics

David Laws, the Chief Security to the Treasury, charged with the responsibility of implementing huge and swinging public spending cuts as well as input into mega- tax rises as part of the emergency budget due on 22nd June 2010 has resigned after he was caught out allegedly fiddling his expenses by funneling an estimated £40,000 to his BOYFRIEND.


David Laws in a secret relationship with James Lundie claimed £950 a month in expenses to to pay for rent for properties owned by and lived in by his boyfriend since 2004 in total contravention of even the lax expenses rules. Having been caught out yesterday by the Daily Telegraph, Mr Laws announced that he would immediately pay back the £40,000 and refer himself to the Parliamentary Standards Commissioner (which usually results in a white wash outcome).

Think about that for a moment that this so called Liberal Democrat genius who was tasked with solving Britians budget crisis, who has only been in power a few weeks and about to hit every ordinary tax payer in their pockets hard has allegedly misappropriated £40,000 from tax payers. He was so clever as to not realise that being in government means that greater press scrutiny would mean his dirty little expenses secret would be outed!

Clearly UK elections are being demonstrated as being pointless, as their is NO CHOICE, no party is on the side of ordinary citizens, all wannabe MP's want to do is to get into power so they can steal tax payer money as illustrated by the expenses scandal. Even now, this week the Liberal Democrat in charge of forcing huge spending cuts where countless thousands of public sector workers on perhaps salaries of £40,000 per year will lose their jobs, and force extreme tax rises onto the tax paying populous, was found to have allegedly secretly funneled £40,000 of tax payers cash to HIS BOYFRIEND!

The House of Frauds has learned NOTHING. There is no democracy in Britain and the United States, Governments of BOTH countries are firmly in the pockets of the bankster elite, hence why they have NOT implemented any REAL market regulatory reforms.

For a whole year we have heard how the Liberal Democrats were better than both Labour and Conservative crooked MP's, what a bunch of hypocrites, they are no different and have betrayed everyone who voted for them!

Danny Alexander the Secretary for Scotland has taken his place, someone who does not have a clue of what to do at the Treasury which means the Con-Dem government is quickly turning into a government of none of the talents. Who's next to drop ? Nick Clegg ?

Given that the Liberal Democrats only have 56 MP's, if they keep dropping like flies at this pace they won't be able to muster enough for cabinet seats by Christmas. This current event supports my conclusion that the Con-Dem coalition will tear itself apart within a year.

Source: http://www.marketoracle.co.uk/Article19900.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-10 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Nasir
30 May 10, 09:53
third world

You are 100% right day by day this country is becoming more and more like a third country with an elite ruling class completely out of touch with what the public Needs and Wants.

BUT this time its the middleclasses whom have voted in the tories whom will suffer most, as Capital gains tax is gonna rocket, furthermore labours holding hand with child trust funds which no doubt was loved by the middleclasses is being taken away. The real scale of britains debt is going in to the trillion figure something that is being massaged well by politicians to not frighten the average joe, when


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules