The holding of the G20 Summit in London next week couldn’t come about at a more appropriate time. With the UK economy crippled, unemployment spiraling out of control, mass disillusionment with the political system, and outrage at the recent bailout of the banking system (and the insistence of many banks to continue to pay out ludicrous bonuses), the rallies planned for central London next week are shaping up to be the biggest shows of people power in years.

Some newspapers report that city finance firms have advised workers to dress down to avoid the protesters…..so expect to see lots of protesters now dressed up as City bankers in order to be hurried into buildings by unsuspecting police!
One thing is certain. When the dust settles late next week we’ll look back and reflect on the sorry old mess that the UK is now in. No longer Grand Brittania. More a sinking Titanic with a clueless Scot at the helm.

In light of the recent bailout of UK banks costing British taxpayers over £350 billion, news that banks will continue to pay out huge bonuses to staff is beyond understanding and an insult to us all.

When the taxpayer came to the rescue of these banks, every employees previous contract should have been deemed void. The taxpayer is now the majority shareholder in these failed institutions, and it is deeply insulting and immoral for any bank to attempt to justify paying out bonuses.

What makes this worse is that these banks were playing with our money in the first place and making massive losses. You’d think the fat cats and their staff would be content to still be in a job, when the reality is a prison sentence for them all would have been a more appropriate consequence for their reckless actions in bringing this country to it’s knees.
I have no doubt it’s only a matter of time before people take to the streets in the UK to express their outrage against the banks and those responsible for this mess. 

Woolworths remaining 200 stores will close for business for the final time today. The 100 year old chain is one of the most high profile victims of the credit crunch. Sad times indeed and a farewell to the pick n mix, budget clothes and discounted music that made its name. Rest in peace