The UK is in a recession which is being made worse by the policies of a Tory mad government. A government cabinet which is in large part composed of multi-millionaires who want more power and riches by being in the spot light. The British people unfortunately are complacent when it comes to being politically active, so what we get is what we deserve. The largest portion of none voters will hold an equally large number who will be effected by the present Tory policies. I sadly predict this country is in for a very rough ride over the next four years. It will not be until the 7th May 2015 that a new election will take place and between now and then this country will see the greatest poverty it hasn't seen in at least the last 60 years. What makes me mad is how those electors who didn't vote will now be dragged into a new world of poverty. It will be their complacency which is to blame. That and a coalition government who have digressed so far away from their manifesto's of 2010 they appear to be complete tellers of untruths. Notably, though the recession is not purely down to the governing of the UK but rather multiple factors, but had there previously been better governance it might not of been so bad.
To begin with we have the banks. These companies now have got so large they by default can not be allowed to fail. Over the last 10 years, one bank after another has been voraciously bought up, until the resulting banks are so large their success and failure is tethered like a kite to the UK, and the UK is a little boat being pulled along. At one time there were many building societies. However, these have been turned into banks, but as a building society there were different rules in place about how they ran their finances. They had to hold capital assets, they had to have the money in their holdings before speculating. As a bank they don't. How a very few people with chosen lucky money jobs in banks can be allowed to bet away on the financial markets and then be rewarded great riches is a product of capitalism. Had the British Government allowed these banks who had over stretched themselves go to the wall they would of had their just deserts, however it didn't. It supported them because had they gone bankrupt in this precarious economy we are in there would have been a real possibility the effect would effect every tax payer. But they do not deserve to be running financial concerns taking into account their previous actions. What they do deserve is regulation, regulation and more regulation. They also should be capped in size because they are way too big. There should be a maximum capital value for banks. They so need to be broken up. The only people who really have the power are rich people, and they also look after number one. Gone are the Victorian values bankers used to have, in which they put back into society as a sign of their morality. Morality for a banker does not exist.
The government is completely overhauling the benefits system with the introduction of the Universal Credit. However, the real reason UC is here is to cut costs, it is to reduce the welfaire bill because this is the biggest financial burden to the entire country. There is no doubt a lot of skivers out there in this country, but equally there are not enough practical programs or educational courses to help them in the transition from unemployment to employment. There has to be a support network but it doesn't exist and never has really existed. UC will be ran by the Department of Works and Pensions, in itself the DWP are barely and organization fit for purpose. It manages to get by, but that is about it. The DWP are incapable of dealing with all their normal welfare benefits let alone take on the extra burden of benefits which were once devolved to either local authorities or HMRC. There has not been formulated an IT system which would be able to deal with it, even though this Tory government seem to believe 'agile methodology' or technology will pave the way. As an example of an IT disaster there is the system the previous government wanted to bring in for the NHS, it cost billions of pounds and was useless. The same will no doubt happen with UC, however the repercussions will be so dire as to steep the entire economy and society into a vicious cycle of depression, recession and probably violence. Yes. This is nothing to do with disgruntled people in the new UC welfare system but rather this will be millions of people pushed into deep poverty, many pushed into homelessness and worse.
We may think we are in a recession now, but the reality is this is just the tip of an iceberg. What we have we deserve, a travesty has been born.
