Hardly a day goes by without my realising yet again just how badly and continuously incompetent the management of this country has been. I was a supporter of the new coalition government and saw the coming together of Liberal Democrats and Tories as a new opportunity for the country to progress but they are already losing their way. The most depressing thing is a refusal to face up to facts. If they will not acknowledge the existence of a real problem their chances of solving it are close to zero - unless you are an ardent believer in the ultimate success via the laws of chance and good luck. Then there are the slight of hand gestures. For example: we have the worst state pensions in the whole of Europe - except, apparently, for Latvia and Malta - yet David Cameron announced that the state pension annual escalation calculator would now be based on the CPI rather than the RPI - although he failed to mention that the CPI is generally lower than the RPI. In practice pensioners are affected by inflation at a level even higher than the RPI - so the new system will mean that pensions will be down-rated in value even faster than before. Is there any intention to make a step change to bring us into line with other big countries in Europe? I think not. Our low pensions will continue. Not satisfied with a level of pension payment that has been allowed to become pathetically low, they will seek to make it even worse. Add to that the fact that employer's private pension provisions will now be based on defined contributions rather than defined benefits - in other words, the employers will set up a pension fund with trustees and managers who may be completely incompetent but you, dear pensioner, will reap the benefits of their incompetence and get what you are given when you retire - and for the rest of your life. Nothing is guaranteed. The investment bankers will do OK, of course. But the investment bankers do OK all the time. As our government prints money to stimulate the economy, the bankers take it and use it carry on paying themselves monster bonuses. Payments which are necessary in recognition of the supposed brilliance of their understanding of gambling with other people's money. Gambling which brought the world's finance snear to total collapse.
Government ministers waffle on about the importance of manufacturing while failing to note that we haven't got very much. Mrs Thatcher saw to that disaster. We make no ships, no railway equipment - and this is the country that invented railways and supplied them to the world. We pay buckets of money in tax but services just cost more and more to provide less and less, while the numbers of inhabitors of non-jobs increases year after year. Cut local government spending and they shut the libraries and schools, fail to mend the roads, fail to empty the dustbins, fail to clean the streets; yet they can move plenty of paper, spend money on ever more sophisticated speed cameras - not for road safety reason, but to increase money supply - increase the speed of paper shifting, concentrate resources on the criminal and undeserving, reinforce political correctness and retain all diversity coordinators.
The government tells us we are all in this together. The bankers carry on being paid millions and the Chancellor of the Exchequer contacts us, while on a skiing holiday, from the veranda of a £1.7 million chalet in the Swiss Alps owned by a friendly multi-millionaire hedge fund manager. Yes, I think some of us are rather further in this than others.
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