Government out of control

It appears that the Government of the UK is increasingly out of control. At the weekend Harriet Harman proposed that Sir Fred Goodwin's pension be judged in the court of public opinion. What does that mean? Mob rule? And this was from a qualified lawyer! Completely bonkers.

If she were to extrapolate this new court of public opinion she'd probably find that the legality of the Iraq war would be called into question! It's obvious that she is angling for the job of leader of the Opposition after the next election.

It also appears that Lord Myners knew about the pension pot and that the deal to remove Sir Fred from RBS actually doubled the amount in exchange for a year's notice pay. In fact this actually costs more. So the anger, which seems a bit synthetic, should actually be focused like a mirror back onto the Government for handling the 'nationalisation' of RBS incompetently without doing due diligence. If they had done due diligence then it would have only needed one bank bail-out!

On top of all this and of much greater importance is the state of the general economy. As the stock markets plunge again, we find that the Government's loan guarantee scheme is still delayed (this is the most crucial measure in getting money to small businesses). Also the mortgage help, which was rushed out without much agreement from the banks, is still delayed. Other measures are also still 'in the pipeline'. It seems that this Government needs a can of Mr Muscle to remove these blockages. At the moment, the Government which 'will do everything it can to help real people in need' needs to pull its bloody finger out.

Squiffy.