• UKIP study warns that the European Banking Crisis is far from over

    European_Banks_Not_Fixed_Yet-page-001.jpgA combination of regulatory capture, conflicts of interest and inadequate stress testing leaves the British and European Union banking systems with significant threat of failure, argues banking researcher, Konrad Urban in his new paper for the UKIP Parliamentary Resource Unit, “European Banks: Not Fixed Yet”, which can be downloaded here.

    Mark Reckless, UKIP’s Director of Policy Development said, "This is a timely and worrying intervention in the debate about banks, and banking regulation. Interest rates may be set to rise in the US but seven years of near-zero interest rates in the UK and the Eurozone leave banks here in a precarious position. Instead of intermediating capital between savers and the most productive borrowers, European banks have depended on quantitative easing and an 'extend and pretend' regime. The result is that major banks in the UK, but also in Germany at least as much as in southern Europe, may once again fall back on taxpayer bail-outs if a financial crisis of similar scale recurs. European banks are not fixed yet.'

    The paper argues forcefully that while banks and financial institutions may retain their profits, the regulatory system ensure that the risks and possible losses are still the responsibility of the government’s, and therefore the taxpayer. There is therefore no imperative for the banks to act with caution.

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  • UKIP Defence Spokesman furious at Veterans Pensions freeze

    Mike_Hookem.jpegUKIP Defence Spokesman, Mike Hookem MEP has reacted furiously to news that ministers are to freeze the pensions of 140,000 veterans and widows in 2016-2017 saying, “This move is an utter betrayal of everything the military covenant stands for.”

    Former soldier, Mr Hookem continued, “despite all the guarantees of honouring the military covenant and the government’s spin during the recent SDSR of improving the lot of our armed forces, Cameron is leaving veterans and war widows out in the cold.”

    “This pensions freeze is utterly two faced when you consider how only a few weeks ago, ministers were pushing to send our brave forces into action once again. It seems the while ministers are very quick to send our forces in to battle, they feel no need to repay their bravery and loyalty when veterans need the help.”

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  • EU border power grab a full frontal attack on a country's control over national borders

    Diane_James.jpgToday the European Commission unveiled new proposals for a new €280 million a year European Border and Coast Guard agency which will supposedly "ensure a strong and shared management of the external borders." Within these proposals there is a "right to intervention" for the EU if it is deemed the member state is failing to protect the bloc's external boundary.

    Diane James MEP and UKIP Justice and Home Affairs spokeswoman commented, "This is a full frontal attack on national sovereignty from the EU. All pretence has now been discarded and the Commission will now openly act against a member state's wishes and operate within its borders without permission. By acting contrary to the wishes of national parliaments the EU has displayed its desire for a federal state for all to see."

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  • Last thing small businesses need is another blow to their competitiveness and profitability through heavy-handed legislation

    Margot_3.jpgUKIP Small Business Spokesman Margot Parker MEP has criticised plans to require many small businesses to submit tax returns four times a year as opposed to the single return currently required.

    The idea behind this, which will begin in 2018, is to bring small businesses into line with the practices which large companies and corporations have to adhere to, but as with so many initiatives from this Government there has been little thought given to the problems which will be experienced by small businesses in complying with this. Most small businesses are sole-traders and micro-entities without any internal accountancy capability in their companies. This means they have to contract out their financial needs to firms which of course charge for their services – a charge which will be quadrupled at a stroke by these changes.

    This will impose an enormous additional administrative cost on small businesses - many of which will be unable to cover them, and may force many small businesses out of business altogether. The Chairman of the Federation of Small Businesses, John Allan, has expressed concern about introducing quarterly filing and has said that he believes the policy needs to be rethought.

    Margot Parker MEP said: “Small businesses already work under an immensely expensive administrative burden thanks to our membership of the European Union – it is estimated it costs small businesses up to ten times as much per employee to comply with EU directives than it does for a large company.

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  • Severe consequences to local services following the Conservative government's budget

    DavidSprason.jpgCouncillor David Sprason Chairman of the UKIP Councillors Association has warned of severe consequences to local services following the Conservative government's budget.

    Cllr Sprason said, "Following the chancellor’s autumn budget statement local government has taken the brunt of his funding cuts. Local government will see its grant cut by a further £4.1 billion - 29%, this will mean local government will have seen its grant reduced by a massive 79% by 2020. Transport is the other big loser, as this budget will have been cut by 70% if you take out the cost of HS2 the impact is huge. The only 3 departments that will see an increase are Health (not public health) +10%, Cabinet office +18% and International development (Foreign Aid) +39%".

    This will require, for example, Leicestershire County Council, to increase its savings requirement from £80 million to £140 million. The extra impact on the highways & transport department is yet to be understood. The areas that are likely to be subject to cuts are highways maintenance, rural transport, children’s centres, library & museum services, youth services, waste collection and the support to the voluntary sector. The other area that has had a reduction in its grant is the NHS Public Health service.

    Cllr Sprason went on, "The impacts of these reductions are yet to be realized but it is likely that prevention services will disappear & social care being furthered rationed leaving vulnerable groups at risk.

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  • Mike Hookem writes to the Secretary of State for Transport

    Sec_State_Transport_11_Let11122015-page-001.jpgUKIP Yorkshire and North Lincolnshire MEP Mike Hookem has written to Patrick McLoughlin MP, the Secretary of State for Transport on behalf of a number of drivers and haulage companies in his constituency of who are concerned and angered about the fines placed on them should they be discovered to have any illegal immigrants in the back of their vehicles.

    I am not for one moment saying that the government should not be taking action on illegal entry into the UK; quite the reverse.

    But having experienced what the situation is like for drivers travelling through both the Port of Calais and the Channel Tunnel I feel that the government has 'passed the buck' and placed the onus of responsibility for deterring clandestines onto the drivers and the companies. This is unfair, given the drivers for inward migration to Great Britain is thanks to the draw of a generous benefits system and the Schengen Agreement which allows people to make their way from Southern Europe to France.

    Click the picture or here to see the letter in full.

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  • Why do we stand back and let our lorry drivers suffer?

    Jill_Seymour.jpegUKIP Transport spokesman Jill Seymour has accused the Government of turning a blind eye to growing security problems in Calais, where British lorry drivers are risking their lives running the gauntlet of migrants armed with guns, baseball bats, metal bars and knives.

    “The situation has disappeared from the UK news headlines in recent months, but for hauliers who are using the Channel Tunnel, the situation has never been more dangerous,” said the West Midlands MEP.

    “My heart goes out to these innocent drivers who are simply trying to make a living, yet finding their cabs coming under attack from increasingly organised and desperate gangs.

    “It is an appalling situation, and one which the British and French governments seem content to ignore. The way they are apparently turning a blind eye is absolutely appalling – a disgrace.”

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  • Gutless government lacks the backbone to tackle aviation troubles

    Jill_Seymour.jpegThe latest delayed decision over a possible third runway at Heathrow Airport shows the Government has no backbone to tackle the UK’s big aviation challenges, according to UKIP Transport spokesman Jill Seymour.

    “Indecision and uncertainty is the enemy of business, and the Government’s dithering could cause serious damage to the UK’s reputation, and economy,” she said.

    “Not only that, but it is causing continued heartache for the many people, who fear they may lose their homes if this third runway at Heathrow goes ahead.

    “These people deserve an answer, one way or the other, so they can move on with their lives, and plan for their future. It is grossly unfair to leave them in limbo in this way.”

    Mrs Seymour added: “I’m opposed to the idea of building a third runway at Heathrow. We should be expanding capacity at all of our regional airports across the UK instead.

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  • EU Asylum figures leap

    Diane_James.jpgEurostat the EU statistics agency has released figures showing record hikes in asylum applications in the last quarter. These figures show 410,000 people have claimed asylum in the EU between August and September including a 60% increase for the UK.

    Diane James MEP, the UKIP Home Affairs Spokesman said, "These figures are enormous and extraordinary. They are a direct result of Mrs Merkel's siren call to peoples to come to the EU."

    "The equivalent of a 'Migrant's Pandora's box' has been opened and unleashed. The vast majority may well be genuine asylum seekers but there is clearly going to be a significant number masquerading as such.

    "Germany amongst other EU states have speedied up asylum processing to cope with issues at EU borders. This heightened the concerns as to whether all are genuine and sincere.

    "The pressure is now being felt by the UK. Cameron's pledge on migrant control and his agreement to accept 20000 Syrian refugees will now be severely tested. Once again one of his many pledges is in tatters and whilst he may express 'extenuating circumstances' he is now caught in the same trap as Merkel i.e. victim of his own policy and its consequences.

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  • Wrightbus is a victim of EU regulations

    CV27gP-UkAAeAQv.jpgDavid McNarry MLA, UKIP Leader in Northern Ireland, has said the key phrase in the Department of Regional Development’s explanation of why they did not award the Belfast rapid transit contract to Wrightbus was : “We’re bound by European legislation and we would be penalised if we didn’t go through this process.”

    He said: “The only logical conclusion to this is that we need to leave the EU and I’m sure the logic of this will not escape the directors and workers of Wrightbus or indeed the whole working population of Ballymena and its surrounding area, recently devastated by job losses. European regulation clearly ties the hands of the DRD. At least, that is their explanation.

    "UKIP says it’s time to put an end to these EU regulations by leaving the EU. We would be able to compete far more effectively in the world market place without EU regulations. It would lead to more work and more jobs. As net contributors, if we left the EU our own government would have far more money – some over £50 million extra every day – to help our own firms to win contracts. It would also protect existing jobs and build new jobs if we left.”

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