The treasonous nature of the ruling elite at Westminster has been illustrated once again with the “Autumn Statement” series of cuts announced by British Chancellor of the Exchequer George Osborrne, in which he “saved” £5.7 billion from spending inside the country while keeping the £12,6 billion foreign aid budget.
In fact, the foreign aid budget is now bigger than the UK’s policing budget (which has been slashed as well). The UK’s spend on policing amounts to £12.1billion, half a billion less than the amount donated to other countries.
Not content with cutting spending on British people and increasing it on ungrateful Third Worlders (where it is either wasted o, not needed or does no good at all), Mr Osborne’s “new” budget will, an analysis published in the Daily Mail shows, ensure that the average household will be more than £1,140 worse off by 2015, with the top fifth of households set to lose around £2,370 by this year.
The “savings” announced are also not “real” in that they will be money currently being spent anywhere, and actually consist of cuts in outlays which have not yet been incurred.
For example, the £3.7 billion “saving” on the welfare bill announced by Mr Osborne is made up of benefit payment reductions not yet paid out. His plan—to increase benefits payments by one percent rather than the inflation rate, will create this “saving.”
The other £2 billion worth of “savings” are equally nebulous, with the tax free allowance on pensions being cut from £1.5 million to £1.25 million over a lifetime from 2014 onwards.
The annual allowance will be cut from £50,000 to £40,000, “saving £1 billion” according to Mr Osborne’s twisted mathematics.
The other billion which will be “saved” will come about because Mr Osborne has raised the earnings threshold by just one per cent to £41,865 in 2014 and £42,285 in 2015—below the current rate of inflation. Somehow this move will also “save the Treasury around £1 billion.”
Is it little wonder that Mr Osborne has been forced to admit that Britain will “miss its targets on reducing the national debt” ?
It is not only in foreign aid that Britain is being bankrupted. The ridiculous exercise in futurity known as the EU is another large drain on the UK’s strained resources.
Being a member of the European Union has been a one-way street for Britain. Contributions from Britain to the EU budget have outstripped the benefits received in every single year of membership.
In total since 1979, Britain has paid in about €260 billion (£228 billion). It has received back in benefits just €163 billion (£143 billion). The difference of €97 billion (£85 billion at today’s exchange rate) has been Britain’s subsidy to the European project.