‘Tis ‘only’ money …
Bank Holidays – the Local elections on Thursday – the weather – only one ‘covid death’: there’s not much going on in our country if you happen to scan the headlines this morning. Oh yes: Bill and Melinda Gates are divorcing: huge news, this!
I can’t help but think that the various ‘sources’, always keen to spin, to drip gossip into the eagerly waiting ears of the Westminster MSM, have taken a rest over the Bank Holidays. Tomorrow, the last day before that “Election Super Thursday” – ‘super’ because last year no local elections took place because: lockdown! – is officially a day of purdah when no ‘political’ news are supposed to be published. That’s because we stupid people mustn’t be influenced by such last-minute ‘political’ news.
However, there were some staggering news which, as usual, have again sunk without a trace. I don’t mean the ‘news’ that the Pfizer jab has now been approved in the USA to be given to ‘persons’ – yes, really! – ‘of between 12 and 5 years of age‘ (link). I wonder if the vaccine-fans will be ok with having their kids ‘immunised’ against an illness which hardly affects them. I wonder if they are ok with giving their children a vaccine with unknown long-term effects, unknown because they’ve only been introduced less than a year ago, under emergency rules. I wonder if our own covid government will find a way of making this jab mandatory for children of school age. Debates in Germany are already raging on this proposal.
There’s another piece of covid ‘news’. Finally, after such a long time when the worlds MSM were fixated on covid jabs, when we were told it’s either jabs, perhaps in perpetuity, or clogging up ‘Our NHS’, a peer-reviewed paper on Ivermectin has been published. LockdownSceptics has a report on this paper (link). This observation by Will Jones, who wrote the LockdownSceptics report, hits hard, hits home, and our covid emperors ought to be confronted with this quote wherever they appear:
“Considering how quickly vaccines using novel technology with unproven long-term safety records have been authorised for use, the failure to approve a known safe drug with considerable evidence to suggest clinical benefit is almost inexplicable. Some have suggested the resistance has been motivated by a wish among pharmaceutical companies to prioritise more profitable medicines like the vaccines. If so, this is a criminal example of putting profits before people.” (link)
Indeed so – and this makes the approval of that Pfizer jab for kids from age 5 to 12 even more questionable. I bet the politicians swarming around our communities to get our votes on Thursday won’t know either of those covid ‘news’.
And so to the sell-out of our country’s assets. Remember the wails of dismay when the Foreign Secretary Mr Raab announced that foreign aid to China would be slashed from £71m to £900,000? The funny thing is that all the opposition parties were suddenly dripping with outrage, that “we” were still paying money to China (link) when formerly any questions about reducing foreign aid were met with similar outrage. This issue has been simmering for a year when MPs demanded answers and a review in July last year (link). Well, “we” had to worry about summer holidays under covid conditions at that time so this wasn’t precisely news-worthy.
However, now that the foreign aid budget has been slashed, aid charities warn that China will be happy to step up their aid efforts (link), especially in Africa. I apologise for my customary cynicism when I think that these charities are only worrying about their dwindling nice income out of our pockets. Why else would they moan when China has invested massively for years – not just in Africa but across the globe – and certainly not for charity’s sake.
There were two articles in the Sunday Times on Chinese investment here in the UK. Here is one quote which ought to scare us more than covid. Remember the row about Huawei and G5, for which the then defence minister, a certain Mr Williamson, had to resign? Well, ‘tip of an iceberg’ came to mind when I read:
“Chinese investors have amassed a portfolio of UK businesses, infrastructure, property and other assets worth nearly £135 billion, almost twice as much as was previously suspected, an investigation reveals today. The swift and largely unnoticed buying spree includes at least £44 billion of purchases by Chinese state-owned entities. More than 80 of the 200 investments uncovered by The Sunday Times have taken place since 2019 as relations between Britain and China have grown increasingly tense.” (link, paywalled)
The Times published their analysis in an accompanying article on that same day and it makes grim reading:
“An investigation by The Sunday Times for the first time reveals the true scale of China’s hold on key British industries, including energy, defence, infrastructure and transport — and its growing interest in healthcare, schools and technology. Our research reveals that almost 200 British companies are either controlled by Chinese investors or count them as minority shareholders. The value of Chinese investments totals £134 billion. (link, paywalled)
From nuclear power to gas and the gas distribution network, from transport (e.g. Heathrow) to London properties and public schools to Footsie industries, Chinese investors have a foothold at the very least nearly everywhere. There’s also Tech and Science, for example:
“Chinese venture capital firms have been quietly building a portfolio of key British companies tipped for success, including Oxford Nanopore, the gene-sequencing company preparing for a £2 billion float, backed by Chinese tech giant Tencent, and Immunocore, a cancer specialist whose investors include CCB International, an arm of the state-owned China Construction Bank.” (link, paywalled)
Here’s another worrying quote, on the sell-out of data technology. Note that this sell-out has been going on for some time, with nary any eyebrows raised:
“China’s increasing influence in Britain’s tech sector came into focus last year in the tussle over Imagination Technologies. The British chip designer was bought in 2017 for £550 million by Canyon Bridge, a private equity firm backed by Chinese state-owned China Reform. London-based data centre giant Global Switch has been slowly sold by the billionaire brothers David and Simon Reuben and is now controlled by Shagang Group, a Chinese steel giant chaired by tycoon Shen Wenrong. Global Switch claims it is a property company and denies its owners can access the sensitive government data stored in its systems.” (link, paywalled)
Of course ‘Global Switch’ would deny this! While there are no reciprocal opportunities for UK firms to invest in China, the ‘excuse’ by this investment firm, for being party to this sell-out, is jaw-dropping:
“Investment is necessary, especially after Brexit, according to Hermann Hauser of venture capital firm Amadeus, who frequently co-invests with Chinese funds. “We need their money,” he said simply.” (link, paywalled)
Ah! Funny how ‘Brexit’ is the go-to excuse for anything to do with the economy. Mind you, the finger of blame is firmly pointed at Cameron and Osborne who were instrumental in forging closer ties’ with China (link, paywalled).
We’ve been clobbered for some time with criticism of our dreadful history: colonialism, imperialism, slavery. ‘Tis strange then that this woke generation apparently doesn’t see that the colonialism methods which they blame us for is being sued successfully by China: seeking us cheap tat and grabbing our valuable assets at the same time. If it was bad when we did it – why is it acceptable now?
I leave you with a puzzling question: when even the comparatively tiny Cardiff Local Council has now ‘invested’ in electric buses from China (video link) – why is it that there’s one item that has not been ‘sold out’? That there’s one item which apparently China hasn’t touched with a barge pole? ‘Tis “Our NHS” and their various entities buying and selling stuff like masks and PPE.
I wonder why that could be …
KBO!
We need controls on foreign investment as sensible countries do along with proper import controls on substandard products from China which have disadvantaged our own manufacturers unless they turned to importing Chinese rubbish.
That sounds right to me Jack Thomas.
“Hermann Hauser ”
HH and Chris Curry (? relying on memory here) founded Acorn and established the technology that powers most mobile phones. Arm, their offshoot. is now owned by the Chinese.
JF
Does anyone wonder, as I do, about the implications of Scottish Independence that the thin-lipped harridan is so keen on pursuing? Here are my questions – what happens to the Royal Family if Scotland is no longer part of the UK? Will Balmoral become an ‘amazing hotel’ for rich Americans? All those titles linked to Scotland – no more Dukes of Edinburgh, and those tailored tartans mothballed away or in the V & A costume collection!
Well no more Scottish strawberries at Wimbledon, and Waitrose will have to stock Norwegian smoked salmon. We ill have to develop a ‘chip on our shoulders’ about any product from over the border, and the 8000,000 Scots living down South for all the advantages will have to be made to feel unwelcome. The redesign of all monies with a thistle will give employment here, and with luck we will be rid of the SNP party in our parliament, so there are benefits.
One of the worst potential effects is the EU seeing an opportunity to make even more problems for us by granting an independent Scotland membership. The only way to prevent that is to reverse Blair’s stupid devolution. The right response to that was the same as Spain to Catalonia; an emphatic no.
Jack, I’d like to reverse all Blair’s devolution. Is it possible?
If there were a will then surely it must be?
An independent Scotland would be obliged by Article 7 of the Schengen Protocol to join Schengen, and that will mean that all the migrants currently in the Calais area will end up on the north bank of the river tweed. England will be obliged to fortify the border.
What I really want to know is……whatever happened to the entity (I seem to remember the `Monopolies Commission’ that was tasked with overseeing business deals and transfers to ensure that essential business etc were not put too heavily into the hands of foreign investors or that no one business could buy up business and crowd out competition?
If Cameron and Osborne (and I could well believe it of them – but the likes of Brown ad Mandelson were no better) truly are responsible for the sell offs of our businesses to Chinese ‘investors’ then surely that should count as some kind of malfeasance in public office? Is there to be no retribution? How is it that once upon a time such dealings would have been made public knowledge and are now – seemingly – hidden from view? How is it that the Parliamentary committees responsible for overseeing business affairs in this Country have been so lax (complicit?) in the systematic takeover of Britain.com?
We have been many times betrayed buy those whom we entrusted with the governance of this land!
I believe that corruption is endemic in most governments and big business and not just in the “third world”. It explains a lot, especially when the sums involved become rather large. I once worked for a US company’s subsidiary whose CEO was convicted of fraud. Greed caught him out when he was found guilty of a relatively minor VAT fraud leading to investigation of his other antics. Maybe greed will expose some in government…
That day can’t come soon enough for me Jack! A few decades ago corruption had a half decent chance of being highlighted; publicised and the culprits forced to resign and brought to justice. I don’t see much of that happening today! It just goes to show how far the standards of business and political life have fallen! Nowadays they all hang on to the door frames with their fingernails or quietly make sideways moves using the ‘revolving door’ process! Whatever happened to people being banned from taking part in business ventures because of their proven dishonesty?
Frederica I think you are on the right lines “malfeasance in public office………..in the systematic takeover of Britain.com”
Although I would put it stronger in that, in my opinion that is a defence issue, not military, but the duty of office holders to defend the Sovereignty of the nation and that is the economic sovereignty of both earning a crust, keeping us solvent and definitely preserving national assets, private and public; intact.
What’s more if it is done in the guise of the ‘old pals act’ or just cosy get togethers, that’s conspiracy, in my book, to trash the country and sell it abroad to any known or potential enemy is a CAPITAL offence I.e. Treasonous and The Tower beckons.
You are also right about Cameron, Osborne, Mandelson and Brown, I don’t see why you shouldn’t round them up too.
I understand Ms Patel is looking out the treason laws for refreshment, is it too much to hope she has her eyes on the above candidates for permanent incarceration (I think it’s a bit late to re-introduce “a chippy, chippy chopper on a big black block ( apologies to G&S)”)!!
Ref. The Monopolies Commission, I vaguely remember them, what they did God knows, but surely if they have been superseded, I.e.not abandoned, their work and rulings must live on under any NGO or body which replaced them.so wouldn’t all the tests they applied be still current and lawful – failure to apply them in the National Defence – again treasonous.
Seek ’em out and incarcerate a few more.
I could go on down the ranks of malfeasancers – “I’ve got a little list, there’d none of them be missed (the Mikado)”
Frederica, The reason British businesses get sold off is because they don’t make money. And that is because of tax. Everything is buried in taxes. Just the simplest item treasury takes 15 % plus workers income tax and all the other taxes which nobody sees except the parer The company. A good profit on sales would be 5 % and if you take the profits tax off you get £4. while taxman takes 16 plus the other 40 taxes the company has to pay.
Really NOT WORTH THE BOTHER . SELL IT AND GET YOUR INVESTMENT BACK. IF YOU’RE LUCKY.
While Unions cut their own throats ( As they have been mistakenly doing for a hundred years. )
TGS. I assume from what you say that foreign investors don’t have to pay such taxes against the companies that they have ‘plundered’ from the British via a complicit government! No wonder the likes of Dyson took his company offshore and why he was in cahoots with Doris for a sympathetic taxation deal for making ventilators for Britain! Oh the stink of corruption!
Precisely
Sort of
Roger I really must make the acquaintance of The Mikado! Sounds like something I would appreciate! I shall make an effort to check it out!