The Daily Telegraph reports that George Osborne told MPs that it may well be necessary for extra support to be provided by Britain to the International Monetary Fund (IMF) for the global fund to help stricken governments. We read in the Mail that Barroso is calling for Member States to contribute even more to the EU bail-out fund. Ian Parker-Joseph posts on why Member States are unable to reduce their spending and Pixijade posts a most telling graphic on the state of the UK's debt.
Elsewhere, in other news, the Mail breaks the news of the findings of a report, one commissioned by a group of ten Conservative MPs, on events since Britain's subscribed to the European Court of Human Rights (ECHR). The report can be downloaded from here (see foot of page) and on that page will be found the names of the ten Conservative MPs concerned. The question of Britain's acceptance of the ECHR is further complicated by the European Union's intention to join the ECHR in its own right; and on that last point Open Europe has a reasonable summary here.
What the above shows is that monies forcibly extracted from us in the form of taxation is being spent by politicians without any referral to those that are providing it - which makes a case for 'referism'; that any Chancellor of the Exchequer's budget is not fully under his control - hence a loss of sovereignty; that politicians, especially Conservatives, seem to speak without engaging brain whilst also seeming to have no idea how to clear debt. What a way to run a country!
All of which also shows that a debate on the type of democracy under which we live is long overdue.
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