I joined UKIP more than 15 years ago because they were the only party aiming to pay back the national debt. The party has never managed to win a seat in parliament, yet they have had a huge influence on our nation.
Recently the new Democrats & Veterans party (D&V) has been formed, mainly by forces veterans and ex-UKIP members. They have not been satisfied by the way UKIP has been led in recent times.
Paul Nuttall, Henry Bolton together with the National Executive Council, have not listened to local branches and grass roots members and have taken the “we always know best attitude’’.
The D&V party aim to make MPs servants of the people. They have systems in place which allow party members and branches to express their views and suggestions to the party leaders. Of course this is in its infancy at present but the party might flourish.
The party leader is John Reece Evans. I met him when he was a UKIP member and I was able to pass my views to him. He listened.
The chairman of our local UKIP branch resigned recently and joined the new party. I know that he agrees with my views.
You will have heard of quantitative easing. The Bank of England used £460 billion on it , to boost the economy. Where all this money went is not known. Whether it boosted the economy is not known. What is known, is that the rich list was published early in 2017. The wealth of those on it had increased by 14 per cent in the previous 12 months. Perhaps that’s where the money went!
You will also have heard of privately financed initiative (PFI). This is a system which allows councils, NHS and other bodies to borrow, in order to finance projects. The PFI company is paid back over a long period, say 25 years. The company also maintains the building or project at an exorbitant cost, the final outcome having cost the buyer more than 10 times it’s original face value.
The Government borrows every year and is now £1.8 trillion in debt. It costs them around £40 billion a year in interest. Who pays this interest and PFI costs? You, the taxpayer.
I think quantitative easing and PFI should be abolished.
Introduce quantitative lending at 0 per cent interest for selected projects over an agreed repayment period.
It does not require a mathematical genius to see that this is more efficient than existing procedures. Our children and grandchildren will suffer from the present borrowing culture. It’s a deception used by all governments to rob the poor and fill the pockets of the rich. It must be stopped.
Loxley Road, Sheffield, S6