REMEMBER ROBIN HOOD TAX -- Update: 27 Feb., 2015

UPDATED:  27 February, 2015  -  From the time this report was written the Tory-led Coalition went from bad to worse. In the meantime over 1,000 food bank have been established to keep people from dying of hunger. 

 Cameron and Osborne introduced a Spare Bedroom Tax which hit the poor and disable. Now the General Election coming up on 7 May they both trying to promise again everything and anything.

France and Germany are going ahead with the rest of the EU to introduce financial transaction tax. It is nicknamed Robin Hood tax because the famous Robin Hood robbed the rich and gave it to the poor. Not like David Cameron and George Osborne who robs the poor and gives to the rich.

The EU assumes it would bring around £45billion a year and would ease the burden of deficits of various countries.

However, instead of being all for it the Prime Minister David Cameron and Chancellor George Osborne are totally against it. 

This tax would hit the banks and financial sector and lessen the billion bonuses. David Cameron for ever promised to stop these sky-high and ludicrous bonuses first in his election manifesto then at the beginning of 2011 for March. Now again, because the pressure increased, at the end of last year but we still read of banks getting huge bonuses. Even banks which faced bankruptcy and had to be bailed out with taxpayers' money. These bonuses should be plough back to the taxpayers. This is a clear evidence the coalition doesn’t mean a word.

Why, because bankers and financiers are the Conservative’s backers.

The government were quick in cutting down anything which affects ordinary people. They started straight away the moment they came into power but avoided the issue of cutting the bonuses of bankers and financiers. These bonuses would bring an enormous amount of money.

By now, with all those cut-backs, David Cameron created 2.6million unemployed which costing the country unemployment payment and other social entitlements. These people not producing plus receiving money. Does that make sense?  You don’t need to be Einstein to figure that out. Unfortunately, the government does not.

Well, the point made above must be right because by now the country is reaching a staggering debt of £2trillion.

At the Premier Question Time David Cameron blamed the EU crises and before the heavy snow in the previous winter. How can he blame the EU which advises to a tax brining £45billion and Germany and France adopting the plan?

Mr Brown may not have had the personality like Tony Blair but he definitely knew the right way of steering the country through the biggest credit crises. Plus, he did not cut back on social services, army, police, NHS service and fire brigade. On the contrary he kept increasing it in every budget the children allowance, pension, winter warming allowance. The last pay under the Labour government was £250 to help to meet the cost of heating. The last winter it was reduced to £200.  This hit the old people who fought for this country. David Cameron never knew hardship. Mr Brown was a Primer Minister who fought and cared for the ordinary people. Yet David Cameron forever ridiculed him at the Premier Minister Question time. At a time, during the worst crisis, there were 1.5million unemployed. David Cameron even blamed the credit crisis on Mr Brown and the Labour government at that time.

Looking at all these different points why is the coalition not taxing the banks and finance sector? On 30 January there will be another EU summit meeting and hopefully the government comes to its senses.

GEORGE WALKER - BOXER CHAMPION

GEORGE WALKER ON THE LEFT

George Walker, in spite of his fame, had many ups and downs in his life. He coped with three bankruptcies, faced two years in prison and was accused of stealing millions but being a true fighter he always came out of the corner and saw the fight right through.

He was born April 14, 1929 in Stepney, East London, England. At the age of 14 he left school and worked as a fish-market porter. Boxing was a very wide spread sport in those days in the East End and many boxing clubs existed. Some better, some worse. George also joined and became a British Amateur Boxing Champion. This brought him to the attention of the real professionals. He was nicknamed as the Stepney Steamroller. George became no 7 in the world’s ranking. However, he suffered an injury and that put an end to his boxing career.

Not knowing where to turn to next to earn a living Walker got into a gang managed by Billy Hill. A notorious gangster very closed to the Kray brothers’ underworld. George was caught and spent two years in prison.

When he came out of prison he married his wife Jean. They had three children named Jason, Sarah and Romla. Later, Sarah married the Marquess of Milford Haven, Prince Philip’s cousin.

But before this all came about, George started as a manager to his brother Billy Walker. Billy became a professional boxer when he defeated US heavyweight champion Cornelius Perry. George demanded a fee of £10,000 for each Billy’s fight. After six fights the brothers bought a number of baked potato restaurants. When they sold the chain they were really starting to get involved in big business.

GEORGE WALKER WITH HIS BUILDING PROJECT

George had a good eye for great business opportunities. He bought a piece of derelict land and built the Brent Cross shopping mail on it. This turned out to be highly successful. The William Hill petting shop’s chain which George built into a £600million worth of business. He sold it later for a £1billion. In those days George was a celebrity in the City (the financial world of London, England).

The Brent Walker’s empire grew further into casinos, marinas, golf courses, hotels and restaurants all over western Europe. He also became a film producer and turned an average actress Joan Collins into a super star with the film “The Stud”.

At the beginning of the Nineties the average economy slowed down and so did Brent Walker. All of a sudden the company found itself in £150million of debt. Although the shareholders stayed with Walker but he had to declare bankruptcy in 1993.

The in 1994 the Serious Fraud Office started to investigate and Walker was in court accused of inflating the profits by £19.3 million to encourage investors. After four-and-a-half-months and cost of around £40million the case was dropped.

Walker did not stay idle. He started with satellite technology and beamed sporting events to Russia. Another of his company Tote was running a Moscow lottery. Soon he became a Russian citizen.

George Walker died on March 24, 2011 aged 81. He had previously two heart attacks and suffered of stomach cancers. He had a fatal heart attack when he was in the South of France.