The nature of the cover-up is such that all the Brit and nationalist parties in the British Parliament must be complicit in it or our elected ‘representatives’ are incompetent; it can only be explained by one or the other!
The cover-up is of the true character of the those responsible for the financial crisis which came to a head in September 2008. None of the prominent politicians in Westminster (both Labour and Tory) dares to admit that those responsible for the international financial chaos which came to a head in 2008 were (1) in the private sector and (2) predominantly Scottish! The effects of that financial disaster are very much to the serious detriment of England and her people. Huge opportunity costs of much needed infrastructure (road, rail, superfast broadband. mobile phone connectivity &c) in England have been lost all through the profligacy of a small coterie of self-centred, exclusive Scottish bankers based in Edinburgh!
Coalition MPs frequently refer (even after four years in office) to “the mess left by the last (Labour) government”, the implication being that the present level of National Debt was incurred by public expenditure. In one sense it was (bailing out banks!), but in reality it is a consequence of massive failure in the private sector. Unfortunately for the truth, it is inconvenient for the Conservatives and Lib Dems to admit that the much vaunted private sector, the virtues of which they extoll endlessly to justify yet more privatisation, failed big-time. The private sector failed not only in recklessness but also in the abandonment of probity.
Throughout the time of its union with England & Wales, Scotland has retained its own finance sector complete with Scottish banks and bank notes. In particular, two banks, the Royal Bank of Scotland and the Bank of Scotland were consciously based in Edinburgh as ‘Scottish banks’ and promoted as such despite each having taken over much larger English banking firms Nat West and Halifax respectively. Indeed, the Boards of both banking groups were almost entirely, if not entirely, Scottish.
The broad outline of the effects of the 2008 Scottish banking crisis is reflected in the UK Budgets since March 2008. The deficits for each Budget are as follows, the March 2008 Budget (presented in Parliament six months before the financial storm broke) is included for comparison:
2008 £43 billion
2009 £175 billion
2010 £163 billion
2011 £121 billion
2012 £91 billion*
2013 £108 billion
2014 £84 billion
*Lower by reason of £28 billion Royal Mail Pension Plan transfer of assets to the public sector. Excluding this, the deficit would have been £118 billion.
By reference to the 2008 deficit of £43 billion, it can be seen that the Scottish banking crisis resulted in increases in deficits of the order of £100 billion each year for the five years 2009 to 2013 ie a total of £500 billion or £0.5 trillion. Therefore, Scotland’s share of the National Debt of £1.2 trillion is of the order of 40%, not the 8% being suggested by some correspondents such as Emily Ashton, Whitehall Correspondent, of The Sun.
I go further: 8% not only short changes England [nothing new in that!] but it takes no account of the penalties, some very harsh, inflicted on England’s people. It is England’s budgets which have been (are being) cut, whilst those in Scotland have been shielded. England is bearing the brunt of lower budgets for Social Services, Personal Care, increased Tuition Fees and Prescription Charges etc. It is England’s A & E Hospital facilities which are under severe pressure. It is cancer patients in England who are denied drugs. Indeed, it is England’s NHS which is being destroyed by reason of the professed need to make economies, economies caused by the reckless conduct of Scottish bankers, and we know who many of them are.
How at odds with England’s much lauded ‘justice’ system that not one banker has been prosecuted, not one banker has been jailed for the havoc they caused. Why should we be surprised when the prime minister is called Cameron; a man who misleadingly described his late father as “a stockbroker from Surrey”; a man who hired Andy Coulson now on trial charged with ‘phone-hacking’ offences; a man who only today retained in office one of his ministers found guilty of breaching parliamentary standards by an independent body set up by Parliament.
Cromwell’s words: “You have sat too long for any good you have been doing lately… Depart, I say; and let us have done with you. In the name of God, go!” have never seemed more appropriate.