Is there anything Gordon Brown hasn’t given away?
Gordon Brown has spent the last 13 years, both as chancellor and now prime minister, giving away everything we have of value.
I'm not just talking about blindly throwing money at the banks recently ( £1.3 trillion in the last 2 years ), I'm also talking about our rights as individuals and members of the United Kingdom. We've lost our cultural identity ( partly through the poor to non-existent immigration policies of the Labour government and the HUGE influx of both legal and illegal visitors in the last 10 years ); the ability to wave the British flag with pride without fear of persecution from others, the ability to wear the mark of your faith without supposedly offending others, the ability to speak your mind and tell the truth without fear of being instantly branded a racist or Nazi by the political correctness crowd - where will it all end?
He's given our rights over self-governance and justice away to the EU; thousands of laws and regulations that we now have to abide by from Europe ( over 85% of UK legislation is now driven by Europe ).
He gave away the Bank of Englands responsibility for banking regulation in 1997 to the FSA ( the Financial Services Authority - a powerless puppet that stood by and did nothing in the following years to curb the financial disasters of the last 2 years ). Did no-one learn anything from the Nick Leeson fiasco that brought down Barings Bank ( £827 million losses discovered in 1995 )?
The Financial Services and Markets Act imposed four statutory objectives upon the FSA:
- market confidence: maintaining confidence in the financial system
- public awareness: promoting public understanding of the financial system;
- consumer protection: securing the appropriate degree of protection for consumers; and
- reduction of financial crime: reducing the extent to which it is possible for a business carried on by a regulated person to be used for a purpose connected with financial crime
I would personally say that the FSA has failed on all four of it's statutory objectives and should be disbanded immediately with all regulatory power being passed back to the bank of England and Mervyn King?
It wasn't that long ago that Gordon Brown was talking about the lack of restrictive financial regulations being good for business and growth in the UK economy - look where it's got us now Gordon!
He sold our gold reserves at the bottom of the market.
He raided the pensions funds of people that worked hard and saved for retirement all their lives, to leave them with little or nothing.
The list goes on and on and I'm afraid that he is the man who is SOLELY RESPONSIBLE for the dreadful state were in.