Wednesday 6 August 2008

It looks like that Miliband is really going for it!!

It looks like that David Miliband is really going for it with his challenge against UK prime minister Gordon Brown. The Daily Telegraph reports that Miliband has lined up Geordie MP, Alan Milburn to become
Chancellor of Exchequer, which would at least put Alistair Darling out of his misery.
Things are so bad for this government, which likes nothing more than impose taxes
on England, is talking about a possible suspension/deferment of the hated stamp
duty.
I am changing my mind about David Miliband. At least he is going for it. Normally, his lack of Labour Party support would be fatal for the tall, bright, young man. However, maybe a lot of MPs, including Brownites, would be pondering if it is worthwhile voting for a dour Scot, who goes on about African poverty all the time, while raising stealth taxes!! Whatever did happen to my occupational
pension?
As for messes it looks like Northern Rock, the Geordie/Labour bank, could be a real corker. Masssive losses and an emergency capital injection of £3bn does not make pretty reading. I wonder how the expensive talent at Northern Rock are thinking about how to get out of this hole. It could be
a run-off solution, which would not be nice. One local source says that seven thousand jobs are at stake. To rescue them might need a really low break-up bid. But the mortgage book, with growing arrears, looks horrible.
PS. David Miliband did not put up much of a challenge while Northern Rock has been joined by Bradford & Bingley and the Lloyds TSB proposed takeover of HBOS (Halifax).

Tuesday 5 August 2008

Is David Miliband going to get sacked?

Dear Reader,
I wonder if British Prime Minister, Gordon Brown, is going to sack David Miliband,
the non-existent Foreign Minister, David Miliband? Well, the skinny metropolitan type, who has a South Shields (Geordie) seat wrote his job application for his
master's job in the Guardian. I met someone who worked at the FO and he said that Miliband did master his brief, which is apparently important. My beef with Miliband is that he skipped to the U.S when a top-level delegation arrived in London from
Saudi Arabia. They might be SoBs but at least they are our SoBs.
www.searchaccountant.co.uk