Gordon Brown's Last Question Time Fails to Support the British Army

Gordon Brown let the British Army down badly it is as simple as that.

Not enough helicopters !!! Then he takes no responsibility!!!

Then he takes over £100 Billion from our pension funds and loses over £7billion selling 50% of the UK gold reserves!!!

There is no doubt Gordon Brown will go down in history as the one who distroyed our pension system.



Gordon Brown let the British Army down badly it is as simple as that.

Gordon Brown let the ordinary working man down by robbing their pension funds.

Gordon Brown just lets the whole country down.

Gordon Brown lost Billions selling the UK gold reserves in a very inept way. At that time he was advised by Ed Miliband the new leader of the Labour party who was at the treasury his initials and those of Ed Balls appear on many of the documents.

Gordon Brown is a total financial failure!!!

The Labour party have brought Britain to Its Knees.

Pension Raid by Gordon Brown

The Pension raid by Gordon Brown known as the Beginning of the End for many personal and private pensions was on 17th March 1998.

This was the date of Gordon Brown's first full budget as Chancellor of Exchequer.

The speech was entitled New Ambitions for Britain but rather sadly Gordon made some rather drastic changes which have come back to haunt him and will do so again and again and probably for the rest of his life. It is rare in history that so much was lost by so many by so few (Gordon Brown).

The 17th March should be renamed "The day I plundered the pension of the ordinary working man" because that it is exactly what Gordon Brown and this is very much borne out by history. He claims that he is not responsible as Stock Markets fell but he was advised by his own treasury officials not to take the course of action that he did but he ignored their advice. This is not the mark of a prudent man.

Documents were released on 30th March 2007 under the Freedom of Information Act from Her Majesty's Treasury which show that Internal Treasury forecasts, advised that the changes would "cause a shortfall in existing assets of up to £75 billion" and that "employers would have to contribute about an extra £10 billion a year for the next 10 to 15 years to get pension scheme funding back on track".

These papers that were sent to Gordon Brown the Chancellor before he did away with the dividend tax credit and also advised that the worst effected victims would be the poorest members of society.

THe released Treasury documents show that Gordon Brown was advised that pensioners could lose up to one fifth of their income as a result of the changes to the tax system that he implemented.

The paper, issued by the Savings and Investment Division of the Inland Revenue, predicted that a pensioner on an average occupational pension income of £5,000 a year would lose £150 a year, but they issued a clear warning that “at the extreme, if the UK Stock Market fell by 20 per cent and the pension fund was wholly invested in the UK then a pension of £5,000 a year could fall by £1,000”. The officials added that “quite clearly any loss of pension could be difficult for someone with a small income to cope with”.

Despite this clear cut advice he still went ahead.

These are some of quotes of what ministers told the ordinary man in the street.

“Pensioners, in my view, will not lose out over this in the way that people are suggesting”
Gordon Brown, BBC News, 3rd July, 1997

“We are not raiding pensions — that is just ridiculous”
Gordon Brown, GMTV, 3rd July, 1997
“Nonsense.”
Gordon Brown, 3rd July, 1997,

On claims that people would have to make higher pensions contributions

“There is no question that in the long term and the medium term it will be good for companies and it will be good for pensioners”

Alastair Darling, who was then Chief Secretary to the Treasury, July 3, 1997
Lets have a detailed look at the disastrous course of action that he took.

At one stroke he removed the ability of pension funds to reclaim the Advance Corporation Tax (ACT) that they received on their dividend income.

He did not just set in place a drastic fall in the income and thereby the value of pension funds he also helped to lay the foundations for the fall in the UK stock market through out 2001,2002 and 2003. Markets work on supply and by reduscing the funds income he reduced their demand and indeed their appetite to buy into the UK Stock Market.

This action of doing away with the tax credit and therefore reducing the income of the pension funds also made it much more difficult for them to remain solvent and his actions undoubtedly did not help the failure of the ill fated Equitable Life a mutual company that had been in existence since 1768.

But the results of his actions go much deeper than this as many with profit pension funds such as NPI (National Provident Institution) came out of the stock market completely. So once you have a very big player coming out of a market never ever to return you can not then be surprised that the Stock Market went downwards.

The point of all this is that funds grow by reinvesting the dividend income and Gordon Brown reduced that income by a very large amount.

If he had not done so all the pension finds would have been in a much stronger position. Indeed they would have had far more funds to invest in the equity stock market so probably quite a lot of the stock market fall is attributable to Brown.

This ruination of our Pension Funds is tragic not just for those who in later life will find that their pensions are much reduced or those who are now claiming these much reduced pensions. Pension funds used to be good long term investors and ones who would invest in floatations and up and coming businesses such as start ups.

There was a time before Browns meddling where the pension funds were long term investors in British Industry and would take a long term view in their investing and with that comes safety, security and prudence.That is what Brown needed prudence no more Boom or Bust to acheive that you keep the pension funds on board not what Gordon Brown did which was to alienate them.

In the House of Commons recently when David Cameron challenged Gordon Brown in Prime Minister's Question time, Gordon Brown denied, yet again, that he had any part in the decline of private pensions in Britain. He pointed out that the pension industry as a whole was in surplus before the stock market fall and you can not blame him for any deficit.

He makes very little sense and yet again he refuses to take one jot of responsibility for his own actions.

This is the man who cannot see a speck of saw dust in his eye but he sure can see a 6 foot plank in every body else's. So as he says it is not his fault, it is the markets fault, but what he forgets or perhaps does not know is that the pension industry has,in the past,survived much harder stock exchange crashes.

I think that what he knows about pensions can be printed on the back of a postage stamp or a pin head. Plainly he is a complete financial disaster who blusters his way in an argument but you can not fool all of the people all of the time and this is I think is one of his greatest mistakes that will haunt him for the rest of his life.

It is about time that he owned up to his own mistakes. I often wonder if he just simply wanted to distroy the Pension Industry and the Capitalist System at a stroke. I say this as he ignored the advice provided by the Savings and Investment Division of the Inland Revenue and I have no doubt that they knew a lot more than he did at the time.

Gordon Brown for Britain?

You must be joking Gordon Brown stole our pensions and ruined the UK Pension Industry.

He sold our Gold at a 20 year low on which he ignored advice from the Bank of England. His assistant at that time was Ed Milliband.

Unemployment now stands at record levels since 1994.

A future fair for all will have to be with out this Financial Fool.

Gordon Brown it started in America !!! We made Mistakes !!!

This puts Gordon Brown's continual denials and statements that all our problems come from America in perspective !!!! I cant beleive a word he says he has absolutley no idea

Gordon Brown No More Boom & Bust just listen to this what a financial fool he is. He is the King of Boom and Bust.



We cannot let this fnancial fool represent us ever again
ON HIS WATCH HE ALLOWED OUR BANKS TO FAIL
On HIS WATCH HE NATIONALISED THE BANKS
ON HIS WATCH HE SOLD UK GOLD AT ITS LOWEST PRICE FOR 20 YEARS
ON HIS WATCH UNEMPLOYMENT HAS INCREASED AND IS 9% IN WALES THE NORTH EAST AND NORTH WEST COMPARED TO UNDER 5% IN 2005
ON HIS WATCH BRITISH TROOPS DID NOT GET PROPER FUNDING
ON HIS WATCH HE RAIDED OUR PENSION FUNDS
YET NOTHING IS THE FAULT OF GORDON BROWN
GORDON BROWN FOR BRITAIN WHAT A JOKE
REMEMBER DURING THESE TIMES ONE OF HIS KEY ADVISORS WAS ED MILLIBAND NOW LEADER OF THE LABOUR PARTY

Gordon Brown Fails - to Answer Letters

Another genuine letter to No 10 Downing Street with no cogent reply having been received!!

16th March 2010

Mr G Edwards
The Direct Communications Unit
10 Downing Street
London SW1


Dear Mr Edwards

My letter of 4th February 2010 to The Prime Minister Headed
Private Pensions – Loss of some 150 Billion due to your stealth tax from ordinary working people.

Thank you for your letter dated 18th February in reply to my letter of the 4th February 2010.

Of course I fully understand that the Prime Minister is a busy man, however Margaret Thatcher was also equally busy and she ALWAYS signed all the letters that she wrote to my mother and she replied in a very short time indeed.

Your reply and the Prime Ministers lack of reply gives rise to some very grave concerns.

All the points that I raised relate to when the Prime Minister was the Chancellor of the Exchequer and he was the one that took the decisions and created the problems that I refer too so he should answer not the Treasury.

I do not think it is fair or reasonable for him to expect others (the treasury) to explain his actions as the Chancellor of the Exchequer.

That is why Mr Brown needs to take responsibility and reply to justify his actions.

I am very surprised and concerned that the Prime Minister does not have the ability, time or staff to delegate in order to be able to deal with these points in my letter in a timely manner and face the responsibility rather than merely hiding behind others.

The time has clearly come for him to take responsibility for his actions.

I was a member of Equitable Life which was the oldest mutual pension provider having been in existence since 1762.

I have absolutely no doubt that the short sighted and imprudent action of Mr Brown in doing away with ACT (Advance Corporation Tax) helped bring Equitable Life to its knees.

The Company failed whilst he was Chancellor and his action had very serious repercussions through out the pension industry and the stock market generally.

An election is in the offing so I think it might be a good idea for the Prime Minister to write a reply or get some one in his office to do it as other wise he will not be getting my vote nor those of many thousands if he is unable to explain his actions.

He might have a perfectly acceptable solution such as reimbursing Equitable Life Policy Holders for the losses that he directly caused.

May I remind you that I wrote my initial letter on the 4th February and it is now the 16th March I think that is more than sufficient time for me to have a proper detailed response..

Or is it simply that he and the Treasury concur with my views!

Gordon Brown for Britain? He cannot even reply to a letter and as I update tthis ten weeks have passed. Margaret Thatcher used to reply in a few days.
A Future fair for all? Is this some kind of fun fair with Zebedee, Sooty and Ouffle dust.

Gordon Brown Fails Democracy no Referendum

Gordon Brown Fails Democracy

Full credit to Nick Farage in 3 minutes he highlights many of Gordon Brown's failings:-

Selling the Gold in an inept way - Robbing the Pension Funds - Failing to have a Referendum





Gordon Brown Fails Democracy
Gordon Brown Fails Britain
Gordon Brown Fails the British
Gordon Brown a Funfair For All
Gordon Brown is a failure
Gordon Brown sold 400 metric tonnes at 275 us $ an oz
Gordon Brown ruined the UK pension industry

Gordon Brown still has a deep admiration for Stalin and Mao today

On his own web site Gordon Brown states that he became truly enamoured with Stalin. I quote "Later, whilst at Edinburgh University studying for my doctorate, I became truly enamoured by the works of Joseph Stalin and wrote several essays and gave seminars on the progressive policies of Stalin as well as Mao Zedong and their important and lasting contributions to the world we live in. I still have a deep admiration for Uncle Jo today"

So his deep admiration for Uncle Jo Stalin may explain why he is so keen to destroy the British economic system. To ruin the pensions of the ordinary workingman. To sell 50% of the UK Gold Reserves at very low prices causing a loss in excess of £7Billion sterling. Perhaps it is simply that his true loyalties are not with the ordinary working man in Britain but with the Red Flag.

This is what he said

"Often we are told to condemn the ills of the Soviet Union or the People's Republic of China, in particular the extraordinary careers of Joseph Stalin and Chairman Mao, but both made several important contributions to society that we as modern British citizens could learn many lessons from.

When I was a lad at Kirkcaldy High School I dreamed a dream of a more controlled, more orderly, more socially responsible society, and felt that one day this dream could be realised through the Fabian and Marxist ideals of New Labour's spiritual fathers.

Later, whilst at Edinburgh University studying for my doctorate, I became truly enamoured by the works of Joseph Stalin and wrote several essays and gave seminars on the progressive policies of Stalin as well as Mao Zedong and their important and lasting contributions to the world we live in. I still have a deep admiration for Uncle Jo today.

In the West, we tend to place far too much emphasis on the bad, and misunderstand the essential lessons of old, but whilst striving for the greater good we can learn much from such historical lights as Stalin, Mao and others who enriched their societies and delivered equality and the guiding hand of the state to their people in the modern age.

My dear friend and former adviser, Charlie Whelan, used to keep the collected writings of Stalin prominently on his bookshelf, and was a proud scholar of the third-way Uncle Jo doctrine which we often used to discuss, along with sharing tales of the glories of the past. The Guardian once likened my comprehensive spending review to Stalin which I took as a great honour and enormous privilege.

While we are no longer a manufacturing nation, and already run a predominantly service and government-driven economy with private partnerships, the huge jump in fuel prices will mean the inevitable restraining of consumption and along with the unstoppable pace of globalisation, Britain must adapt to the economic and social challenges of the 21st century.
More so than ever before, the goal of a socially responsible economically-just society under a stable rule-based world order is vital, and we owe a responsibility to our veterans and war heroes to continue to find ways to expand government and the role of the state in line with these projections.

We in government believe that poverty, injustice and disadvantage are a blight on all of our lives. That is why we have been modernising our policies towards the concept of inequality, and through the biometric ID scheme we can level out the problems of society by the orderly disbandment of the middle class. Furthermore, the state must now be the new parents to our offspring and education remains vital in teaching our children to respect the beacon of government and our common shared values of responsibility.

By changing the way social and educational services are delivered across the country using biometric ID cards linked into the government information database, we can ensure an orderly and progressive system of new citizenship monitoring, guidance and compliance for the challenges of tommorow.

Tighter regulation of our media is vital if we are to cohere around our shared values for governance, and stronger laws over our TV, newspapers and internet are neccessary and proportionate so that extremists may not stand in the way of these essential betterments for all.

We as British, must not be afraid to embrace the kind of bold economic and public reforms inspired by Stalin and Chairman Mao as we now look towards China as the new social and economic model for the world to follow. Going forward, into the new millenium, we simply can't ignore the Chinese fiscal and labour market strategies that are delivering growth, stability and globalisation unprecidented in a generation.

Already we are making the kinds of reforms to the UK necessary to protect our investments in the future. These include an increased and consistent military presence abroad, increased spending on the military and it's Carlyle Group-owned research facilities, and I've just announced a new expansion in proud young army cadets which will form a modern framework for conscription, necessary in the 21st century to fight multiple theatre wars on different fronts wherever extremists may be. This, along with the remarkable contributions to a modern EU army to be made by our young British troops will ensure we can keep order globally and fight extremism effectively. Additionally, we are building special rest and relocation camps for citizens in the event that extremist dissidents may try to attack us.

We are spending more on government as a whole and providing essential jobs to our economy such a diversity training officers, council tax inspectors and local government CCTV operators, vital roles in the modern age we live in. And this is just the beginnining as we try to eventually move away from the outdated concepts that have held Britain back in the past into ones of communal understanding and mutual respect as citizens.

Britain must be prepared and be equipped as long-term stability is secured only if we grasp the opportunities now.

For me, this is why I am looking forward to the privilege of completing the smooth transition and being given the opportunity to lead the United Kingdom into the 21st century, building on Tony Blair's legacy of third way Fabian incrementalist values to take the people of Britain into the next level of this new era for the decade to come."

Right Honorable Gordon Brown MP

Lets review some of his under achievements

Gordon Brown let the British Army down very badly commiting troops with out proper funding or equipment and not enough helicopters. He is the only Prime Minister to give incorrect answers before a Governement Enquiry.(Chilcott Enquiry)

Then he takes over £100 Billion from our pension funds when Labour came into power in 1997 we had one of the strongest pension industries in the world and now it is one of the weakest.

There is no doubt what so ever that Gordon Brown will go down in history as the one who distroyed the UK pension system.

Then he sold 50% of the UK Gold reserves at less than US$300 an oz and lost at least over £7billion from the UK reserves.
To put that in perspective Gordon Brown stated on 7th April 2010 in Prime Minister's question time that the annual cost of troops in Afghanistan was some £5billion per annum.