Tag Archives: financial irresponsibility

Can you tell the heroes from the villains in the sub-prime mortgage disaster?

Michael Lewis’s highly readable account of the collapse of the US sub-prime mortgage market and the worldwide financial crisis it triggered focuses on a small number of characters. People with iconoclastic views determined not to be constrained by the old conventional rules. People who created new financial investments. People who put money into places their investors did not really understand on a good day and did not even know what had been done with their money on a bad day. People who made huge profits …

Posted in Books | Also tagged , and | 8 Comments

Labour’s legacy: £1 million every month on unused fire stations

We are used to stories of how Labour in Government wasted stacks of cash during their 13 years in office. From aircraft carriers to PFI projects to centralised ID databases and other IT projects, billions were needlessly thrown away. Those billions burnt the gaping hole in our public finances that the Coalition is trying, in difficult circumstances, to fix.

Another example of Labour profligacy came to light this week in the Times (£). Apparently, £1 million a month of our hard earned taxes is going to pay costs on unoccupied state of the art fire service control rooms built by …

Posted in News | Also tagged and | 11 Comments
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  • David Evans
    Indeed Jana, I am sad to point out that any party that proposes that they should be funded by public money, will soon find out how quickly the electorate make i...
  • Jana
    The 2 big parties - Labour and Conservative - spent almost £55 Million between them during the 2024 General election while ReformUK could only afford to spend ...
  • Steve Trevethan
    Thanks for a most relevant and interesting article! Might the following policies be liberal in their content and democratic in their practices? 1) Univers...
  • Owen Driscoll
    The party needs to ditch fairness and the veil of ignorance. And focus more on Mills harm principles instead of Rawls. Rawls is deontological, Mill is consequen...
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    "Labour and the Greens want to do things for you, the Conservatives and Reform want to do things to you, but the Liberal Democrats want to do things along with ...