Now Civil Servants join bankers in ludicrous bonuses...
"Civil Servants enjoyed a record £130 miillion in taxpayer-funded bonuses last year - and are in line for an even bigger sum this year. More than £350,000 a day went on performance-related pay for Government staff in 2009-9, it has emerged. Some mandarins were given payouts of almost £50,000 - twice the threshold of Chancellor Alistair Darling's 'supertax' on bankers introduced earlier this month. And despite an unprecedented state deficit, several Whitehall departments have set aside even larger sums for 2009-10. While under equipped troops are killed in Afghanistan, the Ministry of Defence is ready to offer almost £6 million more to increase its bonus pot.
Vince Cable, Liberal Democrat treasury said: 'When the whole bonus culture is being discredited, it's absolutely ridiculous for civil servants to be awarded these kinds of payments. What kind of message does it send when the Government talks tough on bonuses for the City while allowing Whitehall these bonus pots?" Daily Mail 24.12.09
How the great Mr Gladstone rescued our country...
"Gladstone was born 200 years ago next Tuesday. He had a combination of wisdom, scruple, erudition, perspective, integrity and dedication that possibly no statesman in our history has been able to match. What has always struck me most about Gladstone is that he was so utterly right. Three things seem to underpin his genius. The first is his economic policy. It was not just Gladstone's belief in free trade, it was his recognition that if you cut taxes, you raise more revenue, because of the provision of the incentive to work and take risks.
"His second vital policy was the 1870 Education Act. Compulsory education to the age of 12 was a Liberal deed. Gladstone's Act made literacy and numeracy the right of every child, equipped a workforce for a higher degree of sophistication, and kick-stated the growth of the middle-classes. Its contribution to our country can not be overstated. Gladstone's third policy was his scepticism about imperialism of all sorts. Although the British empire expanded much under his rule, he did nothing to encourage it. Nothing would prove this more than Ireland. Had home rule been granted at either attempt by him, in 1886 or 1893, would it have caused Britain such trouble over the following 120 years? Of course it would not. "
Eric Heffer, Deputy Editor, Daily Telegraph 23.12.09
Read more...