REVEALED: THE £1.4 TRILLION FRAUD HIDDEN IN OSBORNE’S BUDGET

Osbrown

Two little boys with bright red flowers/still trying to hide what’s really ours

On Day Two of The Slog’s investigation of Budget criminality, eight years after the event the crippling costs of national fraud committed by the Whitehall Sir Humphries turn up on Page 69 of the 2016 Budget Policy Costs Document. The time for everyone from the WASPIS via the Labour Party and the media to act is upon us.

Time marches on, and overtakes the single investigator: before I could write about over half a billion Pounds being cut from the budget for disabled personal aid appliances (hidden way down the list in the Policy Costings Document) the proposal was abruptly reversed yesterday. It is hard to imagine anyone of sound mind with a civilised background happy to watch disabled people having their welfare cut and being told they’re coughing up for more of what’s left to pay for a new prosthetic, but such is the Madness of King George.

When told they’ve grown too big for their boots, a majority of people will at least try to look contrite. Osbollocks simply goes out and buys bigger boots. (Hand made by Grensens, naturally). Osborne was defiant during the post Budget debate, and giggled in an ill-mannered way during McDonnell’s response speech.

Almost two years ago to the day, I posted to ask, “is this man fit to be in Government”? My point – that the bloke is seriously depraved – is a considered opinion on which I’ve never wavered. But there are still things that are passing (literally) unnoticed in the Budget Book.

Nobody spotted, for example, that Little Osborne saved £250m by not investigating a senior corporate expenses scam involving the use of ‘loans’ that lack only the paying-it-back thing. To Osbollocks and his vulturous entourage, this must look like a rich seam: “let’s legalise everything and save £11bn on the judicial system…surely nobody’ll notice, right?”

However, there is one huge element in there that goes back way, way beyond George…to those halcyon days of the Naughties when Gordoom McAspergers banished boom and bust – and then Saved the World when it did go, um, bust.

While busy telling we the lowly plebs that Things Could Only Get Better, the man without the Right Stuff nevertheless was in possession of all he needed to know about the Brown stuff.

During late 2004 and early 2005, Brown and five core members of his long-suffering Treasury team met to discuss something that was obsessing him: the accelerating move of British sovereign debt alongside a global banking cockup from which, he was sure, there would be few survivors. (In her memoirs, former Labour stalwart Clare Short writes about Gordon’s growing depression about it)

What happened next dwarfs the MPs’ expenses scandal as Jupiter dwarfs Mercury. And it is still sitting there in the National Debt total as ‘unfunded public sector pension schemes’.

The story goes back to Slogposts during 2010 and anon, after a now-retired Treasury official tipped me off about what had occurred. I won’t go through it all again now, but this post…

Senior Mandarin’s unfunded pension revelations

….is the best starting point, followed by some named names in this one…

We name the Fat pension Sir Humphreys

…..and then this follow-up from 2103 about Osborne’s inheritance of the problem:

The debt liability is 3 times bigger than you thought

The Sun headline, however, is this: despite two independent reports over the years since 2005 showing that Treasury estimates of Senior Whitehall personnel pension liabilities were 50% light, the real Truth was covered up: faced with what they thought in 2005 was approaching Armageddon, the Sir Humphrey clan DOUBLED the pension payout for the 600,000 top civil servants.

The measure bypassed the Public Accounts Committee, which means that legally the pension awards were embezzled from the taxpayer. And the bypassing of the PAC means it was done with the complicity of elected Ministers.

Consider the size of this heist: unfunded Civil Service pension liabilities today stand at £1.4trillion. 50% of the National Debt is down to the greed of 600,000 Sir Humphreys.

Indirectly as a result of this, around 325,000 Waspi women have been left destitute. But that was covered in great detail here yesterday.

Fast forward now to P. 69 of the 2016 Budget Policy Costings document. As with every cover-up involving bureaucrats, the heading is suitably anodyne:

PSpensions1

The giveaway is ‘unfunded’, but it’s a rate change they promised to review, and now they are reviewing it, so what? In fact, this is damage limitation on a massive scale: the way to judge the scale of it is to note that the cut in GDP rating is just 0.2%. Yet this is how much that is going to SAVE the Exchequer in the 2019-21 period:

PSpensions2

Ooooh look, £4bn. Bless me. That’s more than a WASPI reversal would cost.

But it’s just 0.2% of the total unfunded liabilities ‘pot’. You can’t make a direct percentage calculation, because nothing to do with Wonga is ever that easy. But you can give a rough estimate.

Not so much a pot as the world’s biggest cesspit of corruption: 1.4 TRILLION POUNDS.

Which – spookily enough – turns out to be what the Exchequer has now quietly accepted is the Civil Service pension fund liability….that suddenly, and unaccountably, doubled in the 2005-06 period.

This is the bottom line for Waspies: to reiterate what I was suggesting yesterday, the time may have come to stop playing softball with these gargoyles. Now that Osborne pudding and pies is in career freefall and the Treasury/DWP axis of evil is on the back foot, it’s time to take a large hammer and bash the softened steel.

This is the bottom line for the former Minister for Women Harriet Harman: whereTF are you on Waspis, Hattie? Why so quiet on the worst example of female inequality in modern history? Just too happy on your Unite-98% funded personal index-linked pension on top of the MP’s pension, is that it?

 This is the bottom line for the Old Media set: I’ve been on this case now for nearly eight years, and the evidence pointing towards the world’s biggest fraud is still mounting. It is time you stopped ignoring me, and other folks like Nick Wilson, Peter Jukes, Anna Raccoon and a host of other contrarians speaking truth to power.

And this is the bottom line for the Labour Party: some of us out here are getting a tad fed up of doing your job for free. Some of us would like you to stop examining your haemmorrhoids, and start giving Camerlot the pasting it deserves on HSBC, Newscorp criminality, the distortion of the Jimmy Savile saga, WASPI pension-welching, and 600,000 bang-to-rights Whitehall embezzlement fraudsters.

Last night at The Slog: the reaping and sowing thang

29 thoughts on “REVEALED: THE £1.4 TRILLION FRAUD HIDDEN IN OSBORNE’S BUDGET

  1. it has always seemed to me that pensions are about theft one way or another… but then what isn’t when it comes to banks and politicians..?

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  2. JW wasn’t it yourself that said Labour haven’t given Cameron’s lot a good drubbing, is that they are on the same page when it comes to Brexit.

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  3. John, the WASPI ladies have taken their stand through necessity, and have done very well through petitions and the support of a few good MPs, but are not financial experts. Much of the financial chicanery you’ve covered is hard to follow if you have no background in this area, and I wonder if you have considered contacting them directly on Facebook to offer direct assistance in their campaign. I’m sure it would be much appreciated.

    By the way I agree entirely with your point about doing the Opposition’s job for it. Corbyn’s heart seems to be in the right place, but his misguided (IMHO) support for the EU and new nuclear power stations together with his party’s seeming inability to walk though the open door that the tories currently offer, is depressing in the extreme. Your blog should be required reading for Labour MPs and their leader.

    Liked by 3 people

  4. Whatever the problem, the banks can spin money on the stockmarkets and fluff up the economic figures like a pillow and so show that Britain still has a decent economy.

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  5. The name (Nobsore) tells all: he is in fact the Chancre of the Exchecquer, a syphilitic lesion on the economic organ of state. Come along girls, this is a perfect opportunity for some serious direct action; I think you’d be surprised at the amount of popular support.

    Liked by 1 person

  6. (Sigh) the one-transgender-band Dorothey/Dorothy/Ricoh/Horic is still with us, so I will make two quick points to all Sloggers:

    1. Ricoh, the best you can hope for is a Horic victory. It is the work of 90 seconds to ace every unimaginative new guise you use….and to spot you coming in. I think the knuckle trails in the carpet are a giveaway. Either way, you will run out of new IP addresses long before I go blind, OK?
    2. Everyone else, when it comes to bombarding Ricoh the Dorothick Hermaphrodite’s comments, label them clearly for his/her attention, and I will waive the no insults ban. No 4 letter stuff though, or you’ll just ban yourselves. But if, for example, you want to point out how much better off he’d be attempting the World Quicksand Walking Record, that’s fine.

    Liked by 1 person

  7. Why would a lightweight JW wish to tangle with a large Metwutwe family with a history such as we have over the last n years?

    You are very ignorant and lacking in manners.

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  8. Why would a lightweight JW wish to tangle with a large dotty family with a history such as we have over the last n years?
    You are very ignorant and lacking in manners.

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  9. John . More immediate : Hoist on own petard….
    Back to Brux bomb………I’m wondering are these gangsters have fallen for. A very ancient trick …….a method to get rid of unwanted soldiers. Promises of wealth and and/or 80 large breasted women.
    Were these bombs on instant fuses …not remote or delay as they may have thought?.
    The last thing some of our rulers may want, is an excuse to keep raiding no-do areas ……full of our replacements and causing upset!

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  10. Does anyone actually still believe that Corbyn is genuine.
    THE BEST WAY TO CONTROL THE OPPOSITION IS TO LEAD IT.
    just look at some of the so called alternative media and opposition parties
    not very alternative to me.

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  11. IDS resigning over policy he didn’t just push through but played a major role in forming,for the “benefit of the poor & disabled” is looking more like he was just a distraction he faces legal action and this builds a defence he was just carrying out orders,( & he was a champion of the poor) for a corrupted jury,only this time he will win and the antithesis established under Nuremberg will be changed and he will be the hero of the right.(to used this to push even harder)

    Whilst the real budget that you expose is washed away for historians to shed light on far to late!

    Liked by 1 person

  12. It’s funny how these alleged bombers are always picked out on CCTV or phone or youtube or something. They always find a note or a passport. They are always known. There is always one on the run. Those caught are always dead. Nobody ever goes to trial. It is the consumate computer game played out by elites across the world.Rather than queue up for the next Coldplay gig, then it rolls on to another venue, we have bombings without end. Move on to the next venue. Nobody ever goes to court.WAR WITHOUT END. PEOPLE ARE INDISPENSABLE. LIFE IS MEANINGLESS. MONEY MONEY MONEY

    On the pensions front – disabled people have born the brunt of the abuse by government and slowly but surely the attack has broadened to include the poor generally, the unemployed, the employed, the homeless, women in general and basically, now, anybody who the elites think they can abuse. The outline above highlights the ‘need’ for the politicians to have its mandarins on board to continue and make possible this savage behaviour. Only today Black Rod prevented the BBC from filming a demonstration by disabled people in the centre of government. Democracy does not live here anymore. Rather than recognising this state of affairs there are those who exist to promote it. Britain is not a noble country, it is not a democracy. it is an out-of-control estate of the the corrupt and the downright evil, a tax haven for warmongers.

    http://www.benefitsandwork.co.uk/news/3481-dwp-recruits-180-presenting-officers-to-cut-esa-and-pip-appeal-success-rates

    https://welfaretales.wordpress.com/2016/03/23/billions-of-pounds-of-welfare-cuts-on-way-despite-pip-u-turn/

    https://welfaretales.wordpress.com/2016/03/22/the-phantom-benefit-cheat-is-the-perfect-patsy-for-austerity/

    https://welfaretales.wordpress.com/2016/03/21/reversed-disability-cuts-the-government-has-hardly-scratched-the-surface/

    http://madammiaow.blogspot.co.uk/2016/03/osborne-clobbers-low-paid-freelancers-budget-2016.html

    Here is an outline of the horrors inflicted on our most vulnerable citizens. There’s even a compliment for you John.

    When ever we are in touch with a government department we are called customers. We are NOT customers of the state. We are CITIZENS. We maybe taxpayers, we maybe employees. WE ARE NOT CUSTOMERS OF THE STATE

    i have saved a copy of this post because in the past I have made comment and it has just disappeared into the ether

    Liked by 1 person

  13. I must say I grow ever more tired about the ineffective Labour opposition, they are presented with an open goal time after time and manage to score nothing whilst they seem to be in some kind of navel gazing feedback loop. And when the cat’s away having yet another infighting session, the Tory mice are playing.

    20 years ago the IDS resignation would have completely derailed the government, now they roll on unopposed.

    Liked by 2 people

  14. @Ron

    I have had that experience frequently. I write a couple of paragraphs, and click ‘post’ and I get a message that I am ‘posting too quickly’. I then resubmit it, and it disappears into the aether. For some time I wondered if JW was removing them for some transgression of his blog rules. I really have no idea why it happens, but it certainly happens on a regular basis.

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  15. Hear ye, hear ye…
    After #Brexit, we’re canceling the past 40 years & starting again. New everything.

    Quadruple the debt trying to sort out the madness!

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  16. I think Corbyn is most genuine. It’s the likes of Lord Mandula & his Blairite ilk in the shadows with the daggers under their cloaks I don’t give a stuff for.

    Like

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