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TRNN – UK Poverty Is the Consequence of Ideological Policy Choices of the Government

Summary:
This made my blood boil - time for a revolution, I think. The Tories have been seriously slashing the welfare system in the UK causing great hardship for 30% of the population. The Conservatives say work is better, but most of these people are in work and yet still live in extreme poverty. Work doesn't pay!  The U.K. Welfare State was never a socialist utopia, says Philip Aston, the UN Special Rapporteur. It was always about hard work, but it provided a safety net - the bare minimum - and guaranteed good healthcare, educaton, and accomodation. But now Conservative Parties around the world, including the Republicans in the US, are looking at the British model to see if they can cut welfare even more, says Philip Aston. The UK did not need to do austerity after the 2008 crash, but

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This made my blood boil - time for a revolution, I think. The Tories have been seriously slashing the welfare system in the UK causing great hardship for 30% of the population. The Conservatives say work is better, but most of these people are in work and yet still live in extreme poverty. Work doesn't pay! 


The U.K. Welfare State was never a socialist utopia, says Philip Aston, the UN Special Rapporteur. It was always about hard work, but it provided a safety net - the bare minimum - and guaranteed good healthcare, educaton, and accomodation. But now Conservative Parties around the world, including the Republicans in the US, are looking at the British model to see if they can cut welfare even more, says Philip Aston.

The UK did not need to do austerity after the 2008 crash, but it did anyway, with most of the cuts falling on the poor, who became the whipping boy. The aristocracy screwed up, so the poor had to pay.

The U.K. is the fifth largest economy in the world, but it is probably a lot richer than that. The City of London is the international crime center of the world, where billions are stolen and squirreled away into tax havens, not all of them off-shore. 

Billions are stolen from Africa each year that disappear in the City of London. In the Spider's Web, Britain's Second Empire, you will see how this crime network works. It has corrupted the Houses of Parliament.



The British model since 2010, based on ‘austerity’ can be seen as a transfer of resources from the poor to the relatively wealthy, explains UN Special Rapporteur for Extreme Poverty & Human Rights, Philip Alston discussing his investigation into UK poverty.




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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