LONDON MOST CORRUPT FINANCIAL CITY

It had been stated, several times, that London is the most corrupt financial city. What can be done to clean it up and who starts the ball rolling? It will definite not be the fat cats which have no intention of paying their taxes. 

The newly 'elected', by a coup, PM Johnson corruption has even gone worse. They hand out untendered contracts, no debate in the HoC, each worth £mlns with no repayment clause if it wasn't fulfilled. Most of them are not given the full service.

It wasn’t to be PM May and her Tory Government although she kept giving speeches about getting tough with tax avoiders. 

Cameron as a PM even went so far and called a Global Meeting to stop Corruption. He accused Nigeria as the worst, openly, but when the President pointed out that the City withholding a fast amount of money without reason Cameron did not reply. Cameron also held several speeches of stopping Tax Avoiding but at the same time  he reduced the staff at the Treasury investigating Tax Avoiding.

Roberto Saviano an anti-mafia journalist said: “London is the heart of global financial corruption. All managed by Rich and Elite Tories and Tax Avoiding Friends which became UK to be known as the most corrupt place on earth.”

Well, that is something to be proud of to achieve that.

Saviano wrote a book exposing Neapolitan, Camorra and Mafia and pays for it by living under armed police guard for over 10 years.

He explained that it is not UK bureaucracy, police or politics, the last I personally would have objection, but what is corrupt is the financial city. 90 per cent of the owners of capital in London have their headquarters offshore.

In his opinion, leaving EU there is a hidden danger which would reduce the joint attempt to fight illegal economies. He pointed out the Qatari society, Mexico cartels, Russian Mafia to gain more power.   

He added that there is proof and evidence that today, the criminal economy is bigger than the legal economy, drug trafficking overshadows the revenue of oil firms. Cocaine brings in £300bn a year. Criminal activities have no rules and like the Mafia are highly organised crimes do not respect the rules of law as most of the financial companies who have offshore residence.

Saviano remembers how he felt writing the book that led to the Camorra to warn him they would kill him.

He said: “In my lifetime 4,000 people have been killed in Naples and surround by the Camorra, but when I was younger I did not have a clear perception of the criminal power that ruled that area.”

His eyes were opened and his mind was changed at a murder of a priest. He was 30 years old and shot in the face because he spoke against the Camorra.

Saviano said: “For the love of my people I will not keep quiet in the face of a dictatorship run by the Mafia.  He called it a totalitarian power within a democracy and wrote an essay denouncing them.”

Saviano’s life changed completely since he wrote his book. There were many books written about the Mafia but what Saviano done wrong was to name names and stating facts exposing people in the Camorra and their actions.

He is now followed by two bullet-proof cars and has five officers to protect him. Sometimes, he feels guilty to bring other people into danger. He lived like that for 10 years.

His advice is not to take freedom of expression for granted and pointing out to brave Malala Yousafzai who was shot by the Taliban at 15 years because she campaigned for the right of girls to be educated. According to Saviano Taliban are the world’s biggest heroin traffickers and make a fortune. Yet, they tried to stop a 15 year old who spoke up for women and girls to go to school.

CITY SAID NOT TO FEAR BREXIT

                                                                     

Common sense already tell us not to fear a break-away from Brussels. Britain was always a free trading nation and will be again.

Axel von Schubert, director of Euro-Caribbean Management Service and chief executive of JP Capital Investments has surely more knowledge than many to voice an open and honest opinion.
He mainly points out that first of all the UK will save billions of pounds from not supporting huge EU related regulation.

95 per cent of UK firms do not export to EU but elsewhere. Axel von Schubert admits there will be a short period of turbulence but followed by big benefits and savings to the UK. Stopping EU regulations, fraud and waste of money will benefit UK with billions of pounds.  It would save the UK being made paying  for failing EU schemes such as the euro.

Already in 2006 the EU Commissioner Guenter Verheugen said "The cost of EU regulation was £600billiion, while the  benefits of the Single Market amounted to "£160billion. Therefore, the costs exceeded the benefits by £440billion."

Another example, in 2012 Italy had to pay £307million back after a fraudulent scheme of a motorway but was for the Mafia. This scheme was found out but how many are not? Brussels is notorious for corruption and waste of money.  Auditors have not signed their account for 15 years because of £100billion are missing.

After the Brexit the UK can set its own financial regulation which will bring London back as an international financial powerhouse.

UK exports to the EU is slowing down from 55 per cent to 45 per cent in 2002 and continues to shrink. As the rest of the world markets are growing faster.

Remain campaign sending fear signals of threads of trade wars and risk of UK trade international.  The reality is that 28 countries forced together by tyrannical Brussels regulations show most of them are practically bankrupt. It would be an economical disaster in the long run. A strong pound and a  falling euro will make exports impossible.

The 19 EU members in the eurozone and five are  to follow will force economical stronger members to provide further astronomical sums to aid the new eurozone members and this will backlash into further euro's decline.

Axel von Schubert finalises his very informative report by hoping UK votes for Brexit. After a turbulent renegotiating liberal trade agreements with the EU to avoid high tariffs on UK exports the UK will be one of the EU largest trading partners and therefore have a strong incentive.

The UK has a massive trade deficit with the EU but a surplus with the rest of the World therefore the UK could be EU's single biggest Market.

Source  Evening Standard

CHANCELLOR GEORGE OSBORNE SPOKE OF INFRASTRUCTURES

                                                                              IS IT ANOTHER MIRAGE?  OR WAS HE

  TALKING ABOUT THE HS2?

Chancellor George Osborne gave again a great speech at the Nation Railway Museum at York, of all places. Let’s hope all his promises come true.

He has new plans now and will establish a National Infrastructure Commission. Another body which will have to be paid for by the taxpayers.

Mr Osborne said: “We haven’t done enough of that in our country in the past. And as a result British people have to spend longer than they should getting to work:  they pay more than they should in energy bills: they can’t buy the homes they want, all because of the failure of successive government and the society that elects those government – to think long terms.”

Sounds impressive but when you look at it, it was Thatcher who ruined the country and ended up with five million unemployed. Labour pulled it out of the mud and now we have Tories again running the country into a standstill with their endless cuts.

George Osborne added:” That has started to change. New railway links are being laid, new roads are being built and new broadband is being installed. Britain has rediscovered it’s ambitious and we are thinking big again.”

The only project most probably will succeed is the Tory’s beloved H2S

If he meant what he said why was the £36billion modernisation project of the Northern Railways cancelled?

The commission will oversee a ‘promised’ £100billion spend by 2020.

Their priority will be linking big northern cities with London. Doesn’t it smell of H2S?

George Osborne had a 5.4 percent fall in infrastructure project investment since he became Chancellor in 2010. He announced several sales of assets to finance the bill of the projects.

The National Infrastructure Commission will work independently in areas like Transport, Energy, communication and Flood defences.  It will collect evidences and issues reports.

Labour’s Shadow  Chancellor John McDonnell said that while he supposed to establish of a commission, it would be ineffective unless the government commits the necessary funds to infrastructure projects.

Andrew Andonis will be head of the commissions and Michael Hesseltine.

Mr McDonnell added: “But the reality- you can set up these commissions but unless you commit the finance of the projects themselves they’ll simply produce reports that gain the dust of ministers’ shelves. That is the problem under George Osborne infrastructure spending has declined even further every year and his current Charter for Budget Responsibility is to decline even further we are just not matching our European competition, which means in the long run, we will not be able to compete in a global market.”

TOP POLICE CHIEF RESIGNS IN CORPORATION HACKING SCANDAL

SIR  IAN  ANDREWS

Due to the alleged phone hacking scandal of journalists and newspaper it emerged that big corporation like insurance, finance and lawyers were using private investigators which do not always use legal method to get information.

Top police official at the centre of the corporation hacking scandal was forced to resign because he has link to a big investigations company.  Sir Ian Andrews’ wife Moira is head lawyer at international security firm Good Governance Group.  Furthermore the Serious Organised Crime Agency chairman made public Sir Ian was a director of Abis Partnership, a legal and management consultancy they own together.  This non-disclosure does not give great credibility to the Serious Organisation Crime Agency open and honest work.

Sir Ian has therefore committed a major potential conflict of interest. He was already under great pressure because he refused to make 102 big-name companies and celebrities public. They are guilty of using dodgy private investigators. MPs who were demanding the release of these 102 names are hoping now, after the resignation of Sir Ian, it will be done by the new police chief.

The Home Affairs Select Committee demands further an explanation why SOCA kept the list of blue-chip firms for five years without any investigation and at the same time crucifying newspaper and journalists for hacking.

Sir Ian stated that he was always avoiding any conflicts of interests throughout his 40 years of public service. He admits it is inexcusable.  SOCA and the Home Office stated that Sir Ian resignation had nothing to do with the hacking controversy.

Since Sir Ian was the chairman of Serious Organised Crime Agency since 2009 forgive me for saying it is incredible he was not aware that he preached serious Whitehall rules.  He surely was aware that SOCA code demands that all directors’ interests are declared. In not doing so and having to resign on this ground only he gave SOCA a bad name. An organisation purposely established to investigate Serious Organised Crime and yet the top police chief is a director of Abis Partnership, a legal and management consultancy. 

So far the Laws is the moment police officers resign or retire they cannot be held responsible for the crime or wrong doing they committed.  This is most properly also the reason why Sir Ian resigns so suddenly.