Posts Tagged ‘UK’

Ed Milliband beats brother David to win Labour Party Leadership in Britain

September 27th, 2010 by Daniel Young | No Comments | Filed in Politics

Britain’s Progressive Future has begun with the election of Ed Milliband to the Labour Party Leadership.  So called Red Ed, a tag he denies, beat his brother David to become leader of the opposition.  Personally, I don’t see why a more left wing perspective is such a bad thing.  The Conservatives have finally got the excuse they need to dismantle the welfare state, thanks to the problems caused by their friends in the city.  They got their because of the Labour Party’s failings, not on their merits.

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Food tampering and political smear campaigns: Dominos and Labour Government online

April 23rd, 2009 by Daniel Young | 1 Comment | Filed in Public Relations, Social media

Two ‘case studies’ in social media have been high on the agenda in the last few weeks. They are:

  1. Wayward Dominos’ employees in Conover, North Carolina
  2. The UK Labour Government’s political smear campaign

I have heard much discussion about the brand and political impact of these unfortunate exposes and lots of experts talking about the need for the victims (or culprits) to engage social media to clean up the mess caused by these indiscretions.

All of this is interesting to a point.

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What’s going on in Britain? Government Creep is a Concern While Financial Crisis Grabs Headlines

March 30th, 2009 by Daniel Young | No Comments | Filed in Politics

Things are tough back at home right now. It seems that the economy isn’t the only thing in UK in recession right now.

Personal freedoms seems to be taking a bit of a battering too.

Britain seems listless. It is struggling to find a new identity and the apparent politico-cultural transformation that has occurred in the US is in stark comparison to an arrogant, out of touch and un-elected leadership in Britain. We’re stuck with two political classes that are yet to truly modernise in a way that seems relevant and compelling to the community and more importantly to the wider world, within which Britain has traditionally enjoyed leadership and great respect.

Vee are vatching you!!

Vee are vatching you!!

The financial services sector represented a relatively large chunk of the total economy in the UK and Britain is suffering more than others as a result of the current crisis. In October 2008, a bank rescue package totalling pounds500 billion was announced by the British Government. More recently, Gordon Brown’s Government announced plans to print money with a quantitative easing program while The Guardian newspaper investigates the tax gap.

This is rightly a BIG issue in the UK but for many observers the financial crisis is a diversion from a m0re worrying trend.

My Mother has complained about the increasing prevalance of rules and regulations in British society. I remember her citing the example of our local supermarket, which had started to restrict the sale of alcohol to over-30s only. The store had been caught out by a few under-18s and responded in this way to ensure that it would not be caught out again.

CCTV is another cause for concern for many in Britain – as is the British Government’s commitment to data collection. There are 4.2 million CCTV cameras in Britain – approximately one for every 14 people.

This is a theme that has been picked up in the No Agenda podcast. John C. Dvorak is tracking news stories that demonstrate the increasing pervasiveness of the UK Government and the rise of the Nanny state. Here are some headlines and links from the Dvorak Uncensored blog.

It’s laughable but scary. I am always promising more and never delivering but I do intend to pick up on this theme with some follow up posts this week. One will paint a picture relating to the future of technology and another will discuss the medium to long term impact of the Government bail outs on personal freedoms and information in UK and around the world.

Here are the headlines:

Are you concerned about a reduction in personal freedoms wrapped up as something else, e.g. anti-terrorist legislation?

The sad thing about this approach is that it doesn’t address real issues but instead attempts to deal with problems at a superficial or cosmetic level to give the impression that the Government is in control and relevant when in actual fact the opposite is true.

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Quantative Easing is latest effort to stimulate lending in the UK

March 9th, 2009 by Daniel Young | 1 Comment | Filed in Politics

My mother who lives in London tipped me off about Quantative Easing last night and I just read this story in The Guardian. The bank of England is buying gilts (Government bonds) from banks and financial institutions, which will provide the latter with the capital that they may like to use to start lending again. Apparently, even well run small businesses in the UK are having trouble getting even the most meagre overdraft or loan at the moment.

Wikipedia defines gilts as: Gilts are bonds issued by the governments of the United Kingdom, South Africa, or Ireland. The term is of British origin, and refers to the debt securities issued by the Bank of England, which had a gilt (or gilded) edge. Hence, they are called gilt-edged securities, or gilts for short. Generally, when a market participant refers to gilts, what is meant is British gilts unless otherwise specified, and the description below applies to the UK gilt market. ONS data reveal that about two-thirds of all gilts are held by insurance companies and pension funds.

It sounds to me like a gilt is another form of debt.

This practice is also referred to as printing money because the central bank will create the money in order to buy the gilts – the value of which (pounds75billion) is equivalent to one and a half times the entire stock of notes in the economy.

It all sounds very full on and risky (not to mention complicated) and is further evidence if it were needed that we are still a very long way from being out of the woods of financial crisis.

More from The Guardian here.

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