THE UK GOVERNMENT has nationalised the Bradford & Bingley building society, using the same amount to soak up the billions of pounds of debt that it did when it nationalised Northern Rock.
Apparently our prime minister, Gordon Brown, didn’t go to Chequers over the weekend so he could stay closely in touch with developments. The word is that we, the British taxpayers, will have to eventually subsidise the whole fandango eventually.
The Bradford & Bingley is renowned, perhaps now notoriously, for its catch phrase in its adverts: “A secure home for you money, in the Bradford & Bingley”. Now the money is secure in the government’s hands. It will attempt to flog off lots of propeties in the high street and other stuff, as it bails out the demutualised building society.
Lots of people will lose their jobs. At this rate, any typical high street will soon have vacant lots which used to be occupied by formerly thriving “banks”. Perhaps Lakshmi Mittal or some other Indian billionaire will ride in like a white knight to prop up this fiasco. But we suspect not. America’s fate appears to be in the hands of Communist China. ♣
IT MUST BE an Indian summer, because suddenly the skies cleared and we had the finest day of the whole year today – yeah, I know it’s the 19th of September.
I was away for most of August, and the old solar panel display shows that the eighth month of the year was sheer misery. It rained so much that a connection failed and that’s why the last few days of the month are missing. The nice chaps sorted it out in a jiffy.
Apparently, according to the nice installers, our UK government has put the kybosh on grants installing 15 solar panels and if you get a grant for one or two, you’ll be lucky. We’d suggest they open up the old DEC fab near Edinburgh, but suspect that wouldn’t go down a storm with the Broons of this world.
Luckily, the solar panel installer tells us that despite the parsimonious nature of the Broon towards householders, there are still grants for organisations. So after he’d fixed our faulty connection, Richard W went off to install about 30 Sanyo panels in Hornsey, or somewhere. Despite the atrocious British weather, we can report that our 3.1KW system means we still haven’t paid one electricity bill since it was installed, and our supplier owes us money.
So ask your member of parliament why the subsidy on solar panels in the UK is so poor. And also ask why it can’t crank up silicon volume. ♣