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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