Banana monarchist democracy should be hitting the dictionary soon.
I worked at a large bank in IT as the pandemic started. We found out about the bounce back loans very late on Thursday and it was to launch on the following Monday. It was a mad scramble and some people got very little sleep that weekend. It was obvious to everyone that there were basically no fraud checks in the process and we’d never have issued loans typically in such a manner, but the government were OK with that and it was their money backing it. It was done in a rush to try keep businesses afloat rightly or wrongly. To do it “properly” would have taken months to put everything in place typically, and due to the quantity of applications would have led to long delays in issuing the loans (the staff processing them anyway had to be wizarded up.) In the mean time some businesses would have fallen over.
We were also rather pre-occupied with turning a bank into something that could operate with the vast majority of the staff being remote. This was just another headache.
Not saying it was right or wrong but that’s the context that often doesn’t get mentioned.
Yeh but BOATS…. SCHOFIELD…… WOKE…… TWITERATI…… CAN A WOMAN HAVE A WILLY….. You know the serious stuff….
They know they are out next election. Now it’s just looting as much as possible in the time they have left.
Don’t expect anything but a husk for the next government to take over.
When fraudsters are running the country what else do you expect?
Almost like putting a billionaire oligarch in charge of a country leaves the country wide open to the sort of manipulative and corrupt practices that billionaire oligarchs are famous for. If only there were some precedents for this in history which we could have studied and learned from…
We need a GE now! Only an ignorant small minority want them still. They are just grabbing as much as they can now. The corruption is making the UK a joke and its doing irreparable damage.
The annoying thing I worked in HMRC doing preventative blocks on fraudulent claims for Covid grants. Every man and his dog was chancing their arm all over the globe but with the limited time allocated you couldn’t block everyone so the stupidly obvious was prioritised. HMRC did warn the government at a high level this was likely to happen but the instructions were that it was a priority to get the money out quickly.
HMRC knew it was going to be a disaster such that entire compliance teams were very quickly reorganised into recovering the fraudulent money but at the scales involved you could put the entire civil service to work doing it and not recover it all.
Bounce back loans weren’t the problem, the speed wasn’t the problem, both were much needed.
What was the problem was not making it clear that over time all of these will be checked and fraud will be prosecuted, we will do the due diligence after since the pressure is immediate and situation unique.
What’s the problem is Rishi shutting down the investigation inside HMRC into this exact issue. And that’s after hampering it from the get go. Almost as if the sim was to enable fraud on a scale never seen before in the UK, much like with testing and PPE and almost anything you care to look at covering spending during covid.
This is what he meant by “achieving his priorities”.
Anyone even half paying attention could see this was going to happen.
The tory party are held together by under the table deals, and hard driving bargains. Boris understood this, which is why the tories were so united under him, and loved him despite him being outwardly idiotic. Boris knew how to leverage his colleagues to get them to do what he wanted.
Truss *didn’t* understand this, and as a result failed to sufficiently grease the hands of her tory colleagues, and promptly lost all her support. She was allowed to make cataclysmic mistakes, and then promptly thrown under the bus.
Sunak has learned from Truss, and while I personally believe he’s probably not okay with the goings on in the party, he is probably just forced to allow it because he’s too weak willed and milk toast to put a stop to it. But of course, allowing the party to walk all over him is the only thing that enables him to stay in power. These schemes would’ve been lobbied by all sorts of interested parties, and hastily pushed through before any experts could properly analyse it. And of course, ultimate sign off would’ve been Sunak. Just putting his signature wherever it was needed because if he didn’t the tories would have another civil war.
And the result is we all get poorer… *again.*
The worst government we have ever seen and it’s getting worse and worse.
Unfortunately both main parties are totally untrustable and corrupt, no matter which of the 2 parties is running the country things are only going to get worse. Basically were fucked.
All makes sense now. Wonder what dead cat they’ll point to next
He cannot tackle this without impacting his friends, colleagues, and his own business interests (and those of his family). The fox is running the hen house and is hoping no one notices that the chickens are slowly disappearing.
How could anyone be less competent than Johnson?! Maybe they simply don’t care. Too busy stealing themselves to notice.
Nobody is surprised, but there is just one person pretending to be.
17 comments
Banana monarchist democracy should be hitting the dictionary soon.
I worked at a large bank in IT as the pandemic started. We found out about the bounce back loans very late on Thursday and it was to launch on the following Monday. It was a mad scramble and some people got very little sleep that weekend. It was obvious to everyone that there were basically no fraud checks in the process and we’d never have issued loans typically in such a manner, but the government were OK with that and it was their money backing it. It was done in a rush to try keep businesses afloat rightly or wrongly. To do it “properly” would have taken months to put everything in place typically, and due to the quantity of applications would have led to long delays in issuing the loans (the staff processing them anyway had to be wizarded up.) In the mean time some businesses would have fallen over.
We were also rather pre-occupied with turning a bank into something that could operate with the vast majority of the staff being remote. This was just another headache.
Not saying it was right or wrong but that’s the context that often doesn’t get mentioned.
Yeh but BOATS…. SCHOFIELD…… WOKE…… TWITERATI…… CAN A WOMAN HAVE A WILLY….. You know the serious stuff….
They know they are out next election. Now it’s just looting as much as possible in the time they have left.
Don’t expect anything but a husk for the next government to take over.
When fraudsters are running the country what else do you expect?
Almost like putting a billionaire oligarch in charge of a country leaves the country wide open to the sort of manipulative and corrupt practices that billionaire oligarchs are famous for. If only there were some precedents for this in history which we could have studied and learned from…
We need a GE now! Only an ignorant small minority want them still. They are just grabbing as much as they can now. The corruption is making the UK a joke and its doing irreparable damage.
The annoying thing I worked in HMRC doing preventative blocks on fraudulent claims for Covid grants. Every man and his dog was chancing their arm all over the globe but with the limited time allocated you couldn’t block everyone so the stupidly obvious was prioritised. HMRC did warn the government at a high level this was likely to happen but the instructions were that it was a priority to get the money out quickly.
HMRC knew it was going to be a disaster such that entire compliance teams were very quickly reorganised into recovering the fraudulent money but at the scales involved you could put the entire civil service to work doing it and not recover it all.
Bounce back loans weren’t the problem, the speed wasn’t the problem, both were much needed.
What was the problem was not making it clear that over time all of these will be checked and fraud will be prosecuted, we will do the due diligence after since the pressure is immediate and situation unique.
What’s the problem is Rishi shutting down the investigation inside HMRC into this exact issue. And that’s after hampering it from the get go. Almost as if the sim was to enable fraud on a scale never seen before in the UK, much like with testing and PPE and almost anything you care to look at covering spending during covid.
This is what he meant by “achieving his priorities”.
Anyone even half paying attention could see this was going to happen.
The tory party are held together by under the table deals, and hard driving bargains. Boris understood this, which is why the tories were so united under him, and loved him despite him being outwardly idiotic. Boris knew how to leverage his colleagues to get them to do what he wanted.
Truss *didn’t* understand this, and as a result failed to sufficiently grease the hands of her tory colleagues, and promptly lost all her support. She was allowed to make cataclysmic mistakes, and then promptly thrown under the bus.
Sunak has learned from Truss, and while I personally believe he’s probably not okay with the goings on in the party, he is probably just forced to allow it because he’s too weak willed and milk toast to put a stop to it. But of course, allowing the party to walk all over him is the only thing that enables him to stay in power. These schemes would’ve been lobbied by all sorts of interested parties, and hastily pushed through before any experts could properly analyse it. And of course, ultimate sign off would’ve been Sunak. Just putting his signature wherever it was needed because if he didn’t the tories would have another civil war.
And the result is we all get poorer… *again.*
The worst government we have ever seen and it’s getting worse and worse.
Unfortunately both main parties are totally untrustable and corrupt, no matter which of the 2 parties is running the country things are only going to get worse. Basically were fucked.
All makes sense now. Wonder what dead cat they’ll point to next
He cannot tackle this without impacting his friends, colleagues, and his own business interests (and those of his family). The fox is running the hen house and is hoping no one notices that the chickens are slowly disappearing.
How could anyone be less competent than Johnson?! Maybe they simply don’t care. Too busy stealing themselves to notice.
Nobody is surprised, but there is just one person pretending to be.