News Commentaries

[Multiple Blogs]

Food banks used by thousands

of jobless, figures show

Food-banks are staffed by volunteers who provide

emergency food for people experiencing hardship

Brief Comment

Food banks should not be seen as demeaning, especially when you consider, as reported in the Press 2 months ago, that Britons throw away £10 billion worth of good food every year. Yes, the price of choice food may have gone up, but you can still buy a big loaf of bread (Everyday Value range) from Tesco for 50 pence. Don’t throw good food away; give them to Food banks.

 

Should Britain let go of London?

Brief Comment

Separating administrative capital from commercial capital as in: USA; Washington and New York, China; Beijing and Shanghai, India; Delhi and Bombay, and Nigeria; Abuja and Lagos, is the way forward for strategic reasons and as a way of reallocating resources. Moving the admin capital of UK to say Birmingham would relieve London and solve other problems.

UK banks 'still short of capital',

says BoE

Brief Comment

4 months ago the BoE said that the 5 big UK banks would need a new capital injection of £60 billion in order to withstand accruing losses, but with increased provision for PPI and other penalties the figure could now be a lot higher. The problem in Cyprus today is extreme capital depletion in their biggest banks. Banks in Asia are not exposed to extreme bad debts as in the West.