Iceland, Blair and Bankruptcy

What do all three of these things have in common? Yes, that's right, the Labour Party.

Iceland- http://business.timesonline.co.uk/tol/business/economics/article6976428.ece

It emerges in that the President of Iceland has vetoed a parliamentary Bill that would have ensured that the £2.3 bn. paid by the UK taxpayer to customers of the failed bank Landsbanki, was reimbursed. The issue will now go to a public referendum but it looks unlikely that the Icelandic public will go against the Presidents decision.Initially this seems unacceptable; why should we all pay for the failings of a foreign bank? The anger would however be more reasonably directed towards Messrs Blair and Brown who failed over there respective tenures to regulate the bank. Talk of financial regulation may seem odd coming from a conservative, however it is financial common sense that the way Landsbanki and others operated was unsustainable in the long term. I am all for deregulation, but deregulation that removes the expensive 'red-tape' and unfathomable tax system, making Britain more business friendly, rather than that which throws caution to the wind for a quick buck.

Blair

I read with amusement that seats to witness Tony Blair's questioning by the Iraq Inquiry are so in demand that they will be allocated by a ballot. It will be quite a sight right enough, lets hope that it won't be a whitewash and that 'phoney Tony' will be further revealed as a treasonous con-man.

Bankruptcy- http://www.timesonline.co.uk/tol/news/politics/article6976038.ece

Also from The Times, the story of the Labours financial woes. They are unable to even keep their own ship above water, how ever were the trusted with the nations finances. David Blunkett states that the Tories "have a clear strategy" for destroying Labour after the election, namely by capping donations. This would eliminate the trade union funding of Labour and hopefully drive them into the wilderness. The trade union affiliation worries me, it is an odious partnership that subjugates those who it claims to help. Lets hope Labour dies, or at least something meaningful and true emerges.