Welcome to Britain Watch

All the signs are that the governance of Britain is spiralling out of control: record trade and budget deficits; a swollen bureaucracy; an inadequate but costly education system; a government incapable of providing for our future energy needs; record emigration of native Britons, unprecedented levels of immigration; a mind-set putting the non-citizen ahead of the British citizen.

Britain Watch has been set up to highlight key examples of these trends and to promote practical reforms to reverse the incompetence and loss of national self belief they engender. All readers are invited to participate.

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Short News

Control of Atmospheric CO2
Prof Murry Salby’s new research will be described at a meeting on Tuesday 17th March at the Emmanuel Centre, Marsham Street, London, SW1P 3DW. Please come at 7 for 7.30 pm. You can use the tube to Westminster; then a ten minute walk past Parliament; turn right up Great Peter Street; then 4th left into Marsham Street. Please book if you can with Philip.foster17@ntlworld.com, tel: 01480-399098. “Murry’s work puts the final nail in the coffin of the ‘Anthropogenic’ Climate Change hypothesis.”

Not taking sides: ISIL
One of Britain’s major avoidable handicaps is its principal Broadcaster’s news and current affairs managers.  These people, producers mainly, are right at the heart of the egalo-left tendency which sees Britain as just a part (a small part usually) of the world, not intrinsically more worthy in their eyes than say Mongolia or Argentina. Even confronted with manifest evil and danger to our (their) country, they find it next to impossible to take our side. [more »]

Ukraine, Russia and the EU
When at Yalta in February 1945, Stalin insisted on the “Curzon line” being the eastern boundary of Poland, with Poland’s western boundary with Germany being shifted west by 150 miles to the Oder-Neisse line, his objective was to keep European powers, particularly Germany, as far away from Moscow as possible.  The subsequent establishment of communist governments in Eastern Europe were seen by the Russians as an enormous safety band of countries protecting the Soviet Union from western invasions, the distance from the eastern edge of newly formed NATO (in 1949) to Moscow being about 1,100 miles. [more »]

Don't Miss: A Future Blueprint for Britain After the Referendum

UK Independence Party Public Meeting at The Athenaeum, Bury St Edmunds, Suffolk

This will be held at 7.30 pm, March 4th 2015. [more »]

Syrian Reality
As Vindex remarked before (Syria and the Arab Spring, January 20th 2014), President Bashar Al-Assad’s regime is the only functioning government in Syria, and sooner or later Western governments will have to treat with him if they seriously wish to tackle the so-called Islamic State of Iraq and Lebanon (ISIL), and relieve the terrible suffering of the Syrian people.  BBC’s Jeremy Bowen’s interview with President Assad, broadcast on February 10th, surely underlines this fact. [more »]

Top

Greek Tragedy Continued

Under its agreement with the EU, ECB and IMF (the Troika), Greece was supposed last week to pay back the first instalment of its €350 billion external debt (around three times its national income).  As was always likely, the Greek government has not been able to pay and a four-week postponement has been agreed, not for actual repayment, but to allow the Greeks to come up with another plan for eventual repayment via a new dose of “austerity” measures.  Chief among these, which the German government is particularly keen on, is reform of their absurdly generous pension schemes for state employees (see below for comments on the British state pension schemes).

Chief among the criteria for the success of the austerity measures is that the Greek government should run a surplus of 5% of its expenditure (the UK’s deficit is about 13% of its expenditure).  Depending on how much the long-term debt (greater than 10 years) is discounted, Greek government debt is somewhere in the region of $330 billion or 150-160% of GDP.

Devaluation of the Greek currency is the only way

Being under the cosh of international creditors, principally the International Monetary Fund and the European Central Bank, is not a pleasant experience for Greek pride and living standards.  The one thing which would make a real difference to Greek fortunes is if they devalued their currency by dropping the euro in favour of a New Drachma.  This would allow the Greeks to markedly increase external earnings (especially tourism) as well as enforcing a general drop in their ability to import foreign goods.  Import substitution would thereby be encouraged, which would, in turn, start to reduce the horrendous, soul-destroying unemployment, currently around 50% among those under 34.

Meantime, the obligation on Greece to repay the IMF the relatively small sum of €1.5 billion during March is unaffected by the above postponement agreement covering the ECB loans[1]. …[more»]