David Laws, the Chief Security to the Treasury, charged with the responsibility of implementing huge and swinging public spending cuts as well as input into mega- tax rises as part of the emergency budget due on 22nd June 2010 has resigned after he was caught out allegedly fiddling his expenses by funneling an estimated £40,000 to his BOYFRIEND.

David Laws in a secret relationship with James Lundie claimed £950 a month in expenses to to pay for rent for properties owned by and lived in by his boyfriend since 2004 in total contravention of even the lax expenses rules. Having been caught out yesterday by the Daily Telegraph, Mr Laws announced that he would immediately pay back the £40,000 and refer himself to the Parliamentary Standards Commissioner (which usually results in a white wash outcome).

Think about that for a moment that this so called Liberal Democrat genius who was tasked with solving Britians budget crisis, who has only been in power a few weeks and about to hit every ordinary tax payer in their pockets hard has allegedly misappropriated £40,000 from tax payers. He was so clever as to not realise that being in government means that greater press scrutiny would mean his dirty little expenses secret would be outed!

Clearly UK elections are being demonstrated as being pointless, as their is NO CHOICE, no party is on the side of ordinary citizens, all wannabe MP's want to do is to get into power so they can steal tax payer money as illustrated by the expenses scandal. Even now, this week the Liberal Democrat in charge of forcing huge spending cuts where countless thousands of public sector workers on perhaps salaries of £40,000 per year will lose their jobs, and force extreme tax rises onto the tax paying populous, was found to have allegedly secretly funneled £40,000 of tax payers cash to HIS BOYFRIEND!

The House of Frauds has learned NOTHING. There is no democracy in Britain and the United States, Governments of BOTH countries are firmly in the pockets of the bankster elite, hence why they have NOT implemented any REAL market regulatory reforms.

For a whole year we have heard how the Liberal Democrats were better than both Labour and Conservative crooked MP's, what a bunch of hypocrites, they are no different and have betrayed everyone who voted for them!

Danny Alexander the Secretary for Scotland has taken his place, someone who does not have a clue of what to do at the Treasury which means the Con-Dem government is quickly turning into a government of none of the talents. Who's next to drop ? Nick Clegg ?

Given that the Liberal Democrats only have 56 MP's, if they keep dropping like flies at this pace they won't be able to muster enough for cabinet seats by Christmas. This current event supports my conclusion that the Con-Dem coalition will tear itself apart within a year.

Source: http://www.marketoracle.co.uk/Article19900.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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Comments

Nasir
30 May 10, 09:53

third world

You are 100% right day by day this country is becoming more and more like a third country with an elite ruling class completely out of touch with what the public Needs and Wants.

BUT this time its the middleclasses whom have voted in the tories whom will suffer most, as Capital gains tax is gonna rocket, furthermore labours holding hand with child trust funds which no doubt was loved by the middleclasses is being taken away. The real scale of britains debt is going in to the trillion figure something that is being massaged well by politicians to not frighten the average joe, when

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