I am less angry today than I have been for sometime. I had a glorious couple of days with ‘the one’. Findon Sheep Fair was duly attended a blissful day among the livestock.
However, Dave and his chums do seem to have the knack of keeping me where I apparently belong. The doldrums.
Two brief posts for today, rolled into one. Travelling to work today Classic FM announced that the government was to impose stiffer penalties for benefit cheats. This could, we are reliably informed by auntie BEEB, lead to 10 year jail terms for those who claim without merit. Ummmm, if there is so much cell space in Her Majesty’s hotels, why are burglars, murderers and rapists not locked away for a decent amount of time? Me thinks that this may need to be reviewed in the fullness of time. Or, will they just amend the legislation allowing a maximum term of 10 years then issue sentencing guidelines which will tie the hands of the judiciary and force short sentences, with an automatic third off if they behave, oh and the third is calculated off the half at they are expected to serve. ??????
Yes, sentence to five years serve 2.5 and get a third off that if you are good.
The other thing I have noticed, trawling the BEEB’s website, the chancellor who is in charge of the countries money was happy to pay 73.6p for Lloyds shares. The government are thinking about selling 6% of there shares. The current share price is 77.36p. The chancellor is pleased that this is beyond his break even figure of 61p.
I am no mathematical genius. I do know though that if I pay 73.6p for something and I sell it for 61p I have not broken even. I have received no value from the stock in the way of dividend, the government saw to that, I have received no payment or utility of any kind from owning the shares, so I must be out of pocket 12.6p per share.
Indeed at the time the government paid 73.6p per share, the shares were selling for 61p. So we, the people, paid 12.6p over the odds for shares that the chancellor was happy to lose another 12.6p on when he sold! No wonder the country has gone to the dogs.