Energy UK underlines key principles for the next government
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Why would HSBC push through such a huge sum of money at the time of a financial crisis, when other financial institutions were withholding loans?
£ 5 million has been reported to have been funnelled into the Conservative Party, that includes £ 1 million directly into the 2010 general election fighting fund. It also covered the cost the transport major Conservative figures including David Cameron and George Osbourne to the Davos World Economic Forum just before the 2010 general election. The evidence suggests that HSBC used a failing business to launder money into political donations. During this period, HSBC were also laundering hundreds of millions of pounds into for Mexican drug cartels and funding terrorist organisations.
After winning the 2010 general election they acted very favourably towards HSBC by making Stephen Green a Lord, where he still sits as an unelected peer. In 2011, Green was then made Minister of State for Trade and Investment. 2012 saw Osbourne hamper the US led investigation into HSBC stating the bank was too big to fail and could lead to“ financial contagion”. In March 2013, George Osbourne was the only finance minister in the EU to vote against limiting banker’ s bonuses to 200 % of their final salary, losing 26-1.
Energy UK underlines key principles for the next government
By Matthew Clifton
Energy in the UK is at a crossroads, with the Conservative Party offering nuclear and fracking as main policy objectives within energy. But Labour offering a ban on fracking and an increase in investment into the renewable sector. Energy UK, the key body of
September 2013 saw Michael Spencer’ s firm fined £ 55 million for rigging the Libor rate, that month Cameron attempted to make Spencer a lord but was stopped by the ethics committee. Following Osbourne’ s defeat in the EU, he wasted £ 50,000 of public money fighting a lawsuit against the 200 % bonus cap, he gave up in December 2014. In 2015 Camilla Cavendish, The Times editor, was appointed a policy advisor to number 10, following spiking the original investigative story about HSBC fraud after dinner with David Cameron.
In 2015 Osbourne refused to confirm whether he had discussions with HSBC about the banks collusion in tax evasion prior Green’ s ministerial appointment, this was after he had washed his hands of the HSBC Swiss accounts scandal. 2016 saw Osbourne delay a report by the Competition and Markets Authority, to reduce the dominance of the big 4. This move was widely regarded as a ploy to placate HSBC. Following Cameron’ s resignation, he attempted to again make Spencer a lord but was stopped again however, Camilla Cavendish did become a lord.
This story has been around for years but at every opportunity it has been suppressed by the government. The whole scenario is beginning to look a bit Yes, Minster but has huge implications on the
UK gas and electricity, has set out specific key principles that it believes the next government should adopt for the UK energy sector to grow. It believes that the retail market should drive innovation and improvements to customer service through competition.
Energy UK are calling for long-term objectives to produce stability for the sector. They require the next government to continue to seek international investment as they estimate that £ 180 billion is required for investment in generation and networks by 2030.
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Issue # 2, 22 nd April
state of British politics within the last 9 years at the very least. HSBC are entitled to make donations( records show that they don’ t which would make the backdoor scenario peculiar) and as it is stated Michael Spencer is a known donor to the Conservative Party and his company IPGL did pay off the loan given to them. But it doesn’ t detract from the favours clearly given to those of HSBC and the bank itself afterwards. Whatever the truth of the situation, there should be more transparency and a reform to political party donations.
The letter sent by Roger Mullin, SNP MP.
Key principles
They have outlined the principles as follows, a commitment to competitive markets because competition drives down prices. Make energy efficiency a national priority, Energy UK believe that the most cost effective way to help consumers manage their energy cost is through energy efficiency. This will enable consumers to reduce energy usage and meet 2030 fuel poverty and 2050 carbon reduction targets.
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