Why blame the UK Gov?

A Memorial

The UK Government

Isle of Man Government

The Brown Government

Gordon Brown told the UK (and world leaders) that he had saved British Citizens on 9th of October 2008 when his Chancellor forced the Kaupthing UK bank into liquidation. He had not. In fact, Alistair Darling had thrown thousands of British Citizens into hell. And then had locked the door.

The unelected ‘leader’ Gordon Brown then went on to tell the British public that he had to stay in office because British Citizens needed him. When the British public (despite the almost-as-bad alternatives) showed they didn’t, he clung to power like a third rate dictator until the last possible moment. Let’s hope the world never has to hear the voice of Gordon Brown ever again.

Cherie Blair was right when she was heard by a journalist calling Gordon Brown a liar at a Labour Party conference (which she later denied when asked). Gordon Brown has to go down in history as the worst Prime Minister the UK has had since Ted Heath. Thatcher was bad enough, but Brown certainly takes the biscuit.

Thousands of British citizens are still in sheer hell two years on, it was the Gordon Brown government that put them there and it was the Gordon Brown government that refused to even acknowledge the facts, let alone sort out the mess it caused! Shame on the UK Labour Party.

The shame of Lord Myners

As Paul Myners sat on his high horse and flicked threats at Iceland he ignored the damage being inflicted on innocent British citizens by his own Chancellor Alistair Darling!

Myners conveniently forgot that it was the Blair/Brown/Darling Government who brought out 'Know your customer' rules in 2007 that meant overseas Brits could no longer open or maintain UK bank accounts.

Myners didnt notice that it was the UK's Financial Services Authority who advised the Isle of Man KSF bank to put huge sums in a bank it knew was dodgy.

Myners seems or overlook that it was his Chancellor, Alistair Darling, who ignored the Brits who had been forced to use offshore banks when he forced the London Kaupthing Hf bank into liquidation.

Myners joined in the cynical cover ups that the Darling/McCarthy-Fry/Pearson/Sants used to ignore the dreadful plight of the British people plunged into desperation by Darling’s bungling.

And he calls himself a 'Lord', shame on the Queen for making such a terrible man a Lord..

For many woes in the UK, people automatically blame the Government. Wrongly. It seems that the Government is an automatic target for blame when things go wrong. This is not case here, the UK Government both created the circumstances for the disaster and instigated the primary cause. Most Labour MPs have stuck to the party line, despite the damning evidence that proves the UK Labour Government is to blame, and just return the standard Governmental edict that is it for the IoM Government to sort out. In fact, many responses to savers were just a copy of the standard line showing that the MPs didnt even investigate the issue and come to their own conclusions. By doing so they have failed their constituents and simply taken the route of least resistance. Shame on these MPs.

So, why is the UK Government to blame.

The disaster started in 2007 when the Government changed the banking 'Know Your Customer' legislation to make it much harder for banks to comply when the potential customer (or existing customer changing their address) has no UK address. Of all the UK high street banks, only two appear to accept non-domiciled customers and these require the customer to be physically present at a branch when opening the account or changing their address. The result is that British Citizens moving abroad, for whatever reason, are forced to move their savings out of the UK. In most circumstances, people move their money to a UK dependancy, such as the Isle of Man, to avoid the need (and huge costs & risks!) of exchanging for their local currency. This is what had happened in this case, which i why a very large proportion of the people affected were British Citizens.

In the months leading up to the 7th of October 2008, the UK Financial Services Authority (the FSA) became wary of the Icelandic economy and worked with the Isle of Man Financial Services Commission to advise Kaupthing Singer and Freidlander to put large deposits with the UK sister bank Kaupthing HF. This was despite the knowledge within the UK FSA that Kaupthing HF itself was a risky bank. Under pressure from the Isle of Man financial regulator and the UK FSA, Kaupthing Singer and Freidlander put over half a billion pounds of its savers money with Kaupthing HF.

On the 7th of October 2008, the UK Chancellor Mr Alistair Darling (with approval from the fake Prime Minister and ex Chancellor, Gordon Brown) took the sole decision to place Kaupthing HF into liquidation. This was done using legislation that had not yet been placed on the statute books and without any consultation to evaluate the wider consequences of his actions. As he placed the bank into liquidation, he moved the accounts of the UK resident savers to the dutch bank ING. He was either unaware, or didnt care about, the consequences to non-domiciled British Citizens that his Government had forced into this predicament in the first place.

Since the 7th of October 2008, the UK Government (indeed Parliament as a whole!) have denied any wrong doing, that any mistake was made and that by taking that action they saved British Citizens from a bank collapse. This is a cynical attempt to coverup the consequences and avoid any investigation into the Chancellors actions. Despite seeing thousands of British Citizens lives collapse the Government have stood by and watched with no remorse or any move to help. These British Citizens include retirees who relied on their savings for income, citizens serving in the British Forces overseas, Charity workers working in some of the most remote areas of the world and overseas British workers bringing foreign revenue to Britain.

So, in this particular case, the UK Government and Messers Gordon Brown, Alistair Darling and their apologists Ian Pearson and Hector Sants among many others are 100% entirely to blame for the destruction pof thousands of British lives. And this website shall ensure future historians know about these shameful days in British politics.

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