Tag Archives: Essex

As an election looms

Finally, we get some words on the Labour manifesto, the Guardian has been on top of it and whilst they are presenting a good part, I have a few issues as they went a little light on labour as I personally see it. Again, it is a personal side and as a conservative you should take into consideration that the flaw is on my side, and I would accept it, but let me give you the goods.

The entire review is at https://www.theguardian.com/politics/2017/may/16/labour-manifesto-analysis-key-points-pledges, so you have the option to completely disagree and seek your own version of their vision. The first part “a short note on a new £250bn “national transformation fund” implies that these costs will be funded through capital borrowing” shows their intent on rail, which is a quarter of a trillion through borrowing. So off the bat we are considering electing someone who wants to add a quarter of a trillion to a debt that went off the handles due to the Labour party in two previous administrations. How is that ever a good idea? a chunk of all the other parts is supposedly coming by adding a new tax group of 50% for those earning above £123K. A marginal addition for the ‘fat cat’ group. So those making more than that will be charged for the amount above and I have a hard time accepting and believing that this will get them the ‘speculated‘ £6.4 billion. It reads more like wishful thinking in an age where rationalism will not ever get you that amount. Consider, as mentioned before, something that any excel user can check with the numbers the UK tax office (HMRC) offers, the super wealthy, those making well over a million is limited to less than 5000 people. So how is this billion pound extra achieved? Let’s not forget they only get the 5% extra over the amount over £123K, as such the income will not get close, yet after the election they will come with excuses, whilst we already knew that this was never realistic. In addition, how many are close to the threshold? In this those making £123K – £199K, they might feel safer setting apart certain investment reserves into retirement, if they get that done, the £6.4B will drop fast by a lot. In addition, the Guardian gives us: “But recent evidence from the imposition of a 50p rate in 2010 shows that the measure could spark mass avoidance by the individuals affected and raise no extra funds for the exchequer“, so there is that part too! Remember Jeremy Corbyn and his nurses? The 10,000 nurses pledge? When we consider the already announced part “Health and social care reform at a cost of £7.7bn, as part of a package that includes a guarantee of A&E treatment within four hours and the end of the NHS pay cap“, and the “Free lunches for pupils as part of £6.3bn school package“, that’s another 14 billion, where is that coming from? Remember the tax increase part? When we tally, we see that the NHS part is already leaving the tax increase at minus a billion, all the other multi billion pound parts are not even close to being addressed. This is simple tally stuff that many in their final year in primary school can achieve from their calculus lessons and Jeremy Corbyn and his ‘raunchettes’ cannot deliver, a mere exercise in lewd offensive spending. Choices without proper merit and ignoring the consequences of the deep debt they got the UK in in the first place. I am all for some level of social levy, yet any social act requires to consider the impact, something that UK Labour is clearly not doing. It is even more upsetting that simple calculus gets us to a place where this would never have been a reality to begin with. Are you seriously considering voting for such a failed attempt?

When we consider the added Cyber security, and the promise to the security agencies, we see items that are promised without any claim to the cost. Now we might accept that part, yet their own £11.2 NHS IT fiasco should clearly show that they haven’t got a clue on how to tackle it because the limitations they imposed through failed IT is part of the reason that NHS IT is not up to date in the most meagre of ways which is also exactly part of the reason that the NHS hacks were successful in the first place. In addition the entire pension part is flawed, that is a given not because of what it states, but when you compare it against the Australian need to already up the retirement point to 67, with a population of 20 million, that is a retirement change already needed now, the fact that the age wave will hit with almost 4 times the intensity in the UK and the retirement age will not significantly up for another 6 years is delusional and as I see it set so that the current Labour electorate can ignore the issue until the next election, at that point it will be way too late and they will offer some diluted solutions using capital borrowing adding another . I see it as we now need an estimated £75bn a year, it is anticipated a near doubling before 2025. You see, some of the statistics have been placing comparison of life expectancy and percentage of retirement, yet as I see it, the quality of life for those born in the 30’s and those born in the 60’s is vastly different. the difference of those two groups is that maximum life is more likely to be in excess of 20 years, so those born in the 60’s and onward have a much higher chance of requiring a pension for close to 20 years longer, on a population of millions, that would equate to an additional pile of billions that would be required. In this the setbacks that the financial meltdowns gave all the people and government institutions, it shows that the shortage will increase and the pension deficit will increase annually by a lot over the next 5 years alone, so not seeing any repair actions is just weird. So as labour proclaims to be ‘social‘ their social unawareness and unpreparedness is just a little too upsetting. Now, the Tories are not innocent either. There is a given shortage and getting rid of the debt is a first step in solving it, so as we see that Labour is now willing to add close to half a trillion to the total shortage and that is just the added shortage of what they want to do to look cool. The added deficit will go straight through the roof adding overall a lot more debt than anyone is willing to consider.

And it is Labour of all others who have no welfare support. they promise a future policy paper, but the overall issue is not that paper (it will be though), it is “There are no spare funds in Labour’s calculations for extra welfare spending. To counteract the effects of planned cuts, under Labour’s current plans it would need to increase borrowing“, so that implies even more borrowing, whilst they amount needed is already through the roof. I did voice a change, I offered a view where there might be some additional ‘fat cat’ costs, even though that is not what I call it, it was a need to increase the second tax tier by 2% and the third one by 1%, whilst increasing the 0% tax group. so basically the lowest people get £100 a month more and the highest (45% tier) loses about £150 a month (as they also have the higher 0% part, they lose a little in the end), around £100 for tier 2 and £50 on the tier 3 part which I saw as a very social thing to do. And all that without burdening towards extra debt. I am not stating that the lowest group did not deserve more, I was working from a 0 balance difference for taxation, so that the coffer would not be denied more coins to address the massive debts it has now. It was a simple exercise in Excel and perhaps my method is flawed, my intention was pure, that is a lot more than I can state for the McDonnell-Corbyn group who will happily max out the UK credit card and leave others to solve the matter after they leave office, just like the two previous labour governments did.

Yet in all this it is not just the Labour party that needs a look, the Lib Dems are also due a little concern. In that I actually like the entire ‘rent to buy‘ pledge. I cannot say if it would work because the ground materials are not a given at present. What homes would be offered? Consider what the foundation is. New houses, would b great, but when we see where, there will be an optional issue. It is of course a way to get the younger generation out of London and perhaps towards other places where a younger population would be a good thing. However, would they embrace life in Essex, Suffolk, Norfolk, Lincolnshire or Kent? What happens when that is not an option, what if the social houses in London does not get resolved? Those elements make the Lib Dems an issue that might not come to pass, yet for every person accepting a place outside of the greater London area, the pressure will go down a little, enough little’s will make for a moment of relief, yet will it work, time will tell. In all this I personally found the second ‘referendum’ offensive. So, because people did not like the outcome, because some didn’t bother voting, the people in the UK get to vote again? I wonder how the Lib Dems will be seen when the EU gets the bill of what Wall Street does, when the UK gets the pounding because the US could not get their house in order, I wonder how those second referendum people will be seen. Even as the US is ‘suddenly’ doing great again, whilst their debt is increasing by trillions of dollars a year, as well as their inability of dealing with their deficit, how will that push others? The US now with almost 20 trillion in national debt, they stated the 1st half of 2016 a collected taxation of 1.48 trillion. now, if we do something not entirely valid, but what if we double it? (the second half is never as much as the first half, yet for argument sake), this now implies that the US would collect a maximum of $3 trillion for 2016, that whilst at present, federal spending is at almost $4 trillion and the deficit is now approaching $600 billion for this year. The deficit, no matter what they report is not getting properly addressed and has not been or over a decade. What do you think will happen when that well ends? Do you think that export to the US will continue? At that point, who would be the trade partner that remains? I do not proclaim to have then answer, yet when we see that at present US total Interest paid is set at $2.5 trillion, where do you think that goes? Who is paid interest on debts that seem to be mainly virtual? Do not think it is a simple picture, because this part is as complex as anything could ever get. Machiavelli could not design something this complex. Yet at the end of the day, the taxpayer is left with the invoice. As such lowering debt is the only safety net that would allow the people in general to have any life. I have always stated and truly believed that once it collapses, it will hit whomever is in debt. I still believe that Japan is the first domino to fall, yet that also means that the US dollar gets a hit that will be a terminal one and Wall Street will falter almost immediately after that, after which the Euro will go straight out of the window, its value less than the German Deutschmark in 1923. Japan has a debt that is close to 240% of GDP, a group of nations that includes the US, Japan, the UK and several other European nations have a budget deficit that is surpassing $9 trillion, how is that allowed to continue? This is not me, this comes from Martin Weiss, PhD. Although his PhD is in cultural anthropology from Columbia University, not in economics. Yet we can agree that at least he has a few degrees which includes degrees from Columbia and NYU, so he is not the most uneducated tool we know, unlike some in politics nowadays. The problem is not the total deficit or the total debt. It is the fact that some players like the Rothschild’s, Wall Street and even the IMF are wanting this game to continue. A push it forward game that benefits the political and financial engine operators and 0.1% of the population. Would it be fair to call this a legalised form of slavery? Is the one option allowed to have the same as a freedom of choice? That is what is more and more at stake. When the people in the UK were allowed this freedom, they chose Brexit, now we see all these players trying to undo that one part, because it is the fear of the players with too much to lose. We get more and more weighted information from the press and that engine is less and less reliable. So what remains? Well, the people in the UK are about to make their selection, whilst we see certain manifesto’s that are debatable to say the least. Some parts are just not realistic at all, yet the people must elect someone. I will not tell you who to vote for, I am merely wondering if the people will ever be properly informed.

This is mainly because there is an election looming and those not governing will make whatever promise they can just to get into office. So what will happen after that? Remember Emmanuel Macron? Making all those statements on how Europe must reform, or else there would be a referendum? Well, merely an hour ago we see: “Both pro-Europe leaders were keen to show solidarity concerning the Eurozone and have broken with previous statements by discussing potential changes to EU treaties. The move is seen by both nations as a way of healing ongoing EU upheaval, combating the rise of the far right and showing a united front in the wake of Brexit negotiations” healing whom? the ECB spending spree recipients? When we see “Visiting Berlin on Monday, Macron ‘did not push for major, ambitious reforms (of the EU) because he knows the chancellor cannot deliver until the elections in September’“, I merely see the fact that the French people have been lied to again, and those people voting have elected a new Wall Street tool (as I personally see it), and the fact that he was a former investment banker was pretty much a clear giveaway. I expect to see some kind of ‘compromise’ that gets no one anywhere any time soon around the end of August or early September, implying that the European gravy train will move along with full speed ahead for another 4-5 years. When you realise this, do you still think my Brexit support was weird? If someone had effectively muzzled Mario Draghi, that might have been a first piece of evidence that reform of the Eurozone would have been a far fetched optional reality, yet so far, that has not and is unlikely to happen.

 

Leave a comment

Filed under Finance, IT, Media, Politics

Persecuting the prosecutors

Sometimes things get to me. We all have those moments, we all consider the things that touch us in different ways. For me, I have been a gamer since the beginning of gaming. This world started for me in 1983 with the Vic-20 and was followed up with the CBM-64 a year later. I never stopped gaming, so when I got hit with the article ‘I couldn’t save my child from being killed by an online predator‘ (at http://www.theguardian.com/lifeandstyle/2016/jan/23/breck-bednar-murder-online-grooming-gaming-lorin-lafave), I kind of lost it. This gaming world is a world I share, virtually and in reality. I talk to my co-workers on the new games, the challenges some games give and how we feel about some games. A few friends are all about GTA, some share my passion for Fallout, Diablo 3 and Minecraft. Whilst some games we all play by ourselves, because we cannot be into every game that is a mere reality. We hunt down the mutants, kill them with our rifles (all by ourselves), and when we get that legendary monster we get to talk about it the next day. This is a world of fun, joy and challenges. We do not ignore the real life, we interact with others too, which is not always about games. So, I was slightly dismayed when Olivia Wilde chose Jason Sudeikis over me (it must have been the beard). Life goes on, so as you see, we have our dreams, our fun, our joy, our fantasies and we go out of our way to get as much joy into our lives without bringing harm. That is as I see it a way of life that the bulk of us gamers have.

Some are a lot more competitive and even relenting on gaming as they kill virtually to be the best, some of them have a too vivid drive to be winners and dissing the losers or at times being the wannabe’s that strike out to winners. In that world we have all kinds, but actual harm, those cases are rare to say the least. So as I read the article, a form of anger flushed over me. This is for the mere reason that, for a large part of my life, I have been driven by logic and common sense (apart from that Olivia Wilde moment). From what I have read, there are several things wrong here. Not towards one person, but towards a few, including the victim himself.

This is the first quote that actually came after the second one “He claimed to be a 17-year-old computer engineer running a multimillion pound company. Sometimes he was in New York, working for the US government. Other times, he was in Dubai, or off to Syria” and “the ringmaster, whose server they played on. While the other members were known to Breck or his friends, Lewis Daynes was not someone they knew in real life“.

These two quotes should have been a red flag to all parties. We cannot blame a 14 year old, but this should have been the red flag to upset the parents. You see, I will never be a multi-millionaire (actually if Larry Page listens to an option I came up with, I could be). What is the issue is that gaming comes at a price, for the most the really wealthy ones work too much to get time to be on gaming servers. In addition, his location should have been all over the place, any Cyber squad could have seen that, it would have been a real orange flag to the victim that not all was on the up and up, the first thread on the loom of disaster would have been dismantled.

The quote “Lewis says I don’t need to finish school as he can get me a Microsoft apprenticeship when I turn 16” is the second flag. It should have been the alert on several levels. The man was either some ‘multi-millionaire‘ working for Microsoft, or again this was a ruse. The additional “I should be allowed to game as long as I want“, should have alerted parents and police. You see, in common Law even at 16 Breck Bednar would have remained a minor. So, why is a stranger deciding on what someone else’s child does?

The final quote on that topic is “I’d be telling Breck to get offline and he’d literally have Dayne’s voice in his earphones telling him not to listen. I could see Breck’s face, torn between me and his cool mentor who had the whole world going for him”, which now gets us a stranger involving themselves in the life of a minor.

The police as well as the cyber groups should have been all over this, in addition, did anyone contact the FBI here (even though after the facts it seemed an irrelevant act)? You see, the events not yet known could have been averted before zero hour, as Lewis Daynes was from Grays, Essex. This could have diffused a lot of issues. His stories out in the open, for Breck Bednar and all his friends to know what kind of a person Lewis Daynes was before he could strike. Now we can blame the police, and I am doing that partially. Yet in all this, we must also expect that there is a limit to the resources the police has, limitations in time and hardware. Not all is a given.

But there is an issue when we go solely from the article we see in the guardian. You see the quote “I told the call handler what I’d heard, what I feared. She obviously didn’t understand online grooming” has more than one side.

The known elements here are that Breck Bednar was a minor and that there was a clear indication that Breck Bednar was unlikely to be the only minor. We have the following parts, when we look from the other side: ‘Cyberstalking is the use of the Internet or other electronic means to stalk an individual. It may include monitoring, identity theft, threats, or gathering information that may be used to threaten or harass‘, I edited the non-relevant parts out of here. So we see that Lewis Daynes was monitoring, we have identity theft, we can make that case as he assumed to be a person, moreover an industrial who did not exist. This could be seen as a danger to the life and wellbeing of minors.

The elements here are now another matter. You see, in the eyes of the court there is no established guilt, or even crime at this point, yet exposing the elements would have diminished the threat Lewis Daynes was and would most certainly have protected at least one child, leaving us with the reality that Breck Bednar could have been alive today. In this we might consider that the police is to be blamed to some extent, but in equal measure, they did look for the elements, the issue here is the fact that does also count. When we see the quote “Daynes later pleaded guilty to murder with sexual and sadistic motivation“, we are confronted with a combination that is really rare, and with the elements as found, or better stated those that were missing, mainly that the police didn’t find a single image or text about bodies or sex. Certain flags were never raised, but as stated, from what we can see, enough flags should have been raised to take this serious, to give clear indication to Lewis Daynes that he was under open investigation, perhaps enough for him to back off. Enough to diffuse the situation.

Here is my part that is now also an issue. This took me mere minutes, which also beckons on what more precisely happened. You see the police is not lacking or stupid, I would go even further that the involved people might be burdened with guilt. So why is it so clear to me? Well, first of all, to see this in the article is simple, a mere exercise of logic. The true elements over time are a lot less clear, but in all this, the main elements were gamers, gaming platforms and servers, they have time lines and logs. Any level of logs missing would have been another red flag, any other interactions would create even more red flags. So why were these elements missed? Where did the police system fail? In my view there was a clear failure here. Police 101 had failed in a few ways, but it is uncertain whether the failure should allow any level of blame. You see, there is an element that is in the article, but cannot clearly be weighted. it is  “Now 18, he was unemployed, living alone in an Essex flat where he bought server space and used it to game with teenage boys“, we are looking at a 2012 system, so what kind of server space? Did he have his own server? Or did he lease hardware? Unemployed and cash for that? If it was a solitary server, we see another element, because it would not be in an enterprise environment, showing even more flags, if it was a personal server, the cyber division had a place to look at, who had Lewis Daynes been interacting with? Even more parents would have been alerted, other gamers would have been informed that he was a jobless no one, and not the 7 figure income person dangling IT jobs from Syria, New York or Dubai.

All elements, all flags and more issues. All out in the open could have prevented the fatal consequence to Breck Bednar, but that is me talking after the events. As stated, this one article is not a proper setting for it. Yet the BBC article gave a few more issues to consider. The fact “Five other counts against Daynes, including the rape of another boy, were not pursued as there was not a realistic prospect of a conviction, the prosecution said“, so perhaps the fact that the element of rape might have been an additional flag that there was a real risk of danger to Breck Bednar. Yet, the BBC is unclear as per when those criminal elements would have been known. Yet there is additional evidence. If there had been a clear investigation the evidence “encrypted electronic equipment” as stated by the BBC could have given additional issues, because they might have been there validly in an organisational situation, in the case of an unemployed 18 year old, such elements could give rise to flags of a criminal aspect, a criminal aspect that had children in the mix.

Even though there have been investigations and even though a misconduct notice was brought, it took almost no time to find enough flags to raise concerns on several levels. This gives concerns to what else is getting missed. Not because I am so bright (I am that), or that the police is that stupid (they really are not), but the need for an evolving infrastructure. If you think that issues are missed now, what do you think will happen when the transition to IPv6 really gets underway? With handheld and mobile devices all stronger than the average data server in 2007, what was reserved to data servers and corporations, is already in the hands of individuals, most of them having no clue what they are holding onto and what these systems are capable of. How can any police force sustain its workload if it is not reshaped into an evolving infrastructure that is able to adjust to other criminal elements? This level of evolution is currently not happening, moreover, it is not happening in many nations. Which is a worry when we consider the case of Lewis Daynes, you see, in this age of economy, the danger of extreme behaviour in a time when people have no jobs, no outlooks and no prospects, these souls are more likely to become extreme, that is a given, yet the extent to it happening is not known, it cannot be predicted and it requires for a better level of investigation. If we are to lower the dangers that kids like Breck Bednar face, we have no other choice but to evolve and change the way we investigate these issues. There has been a clear call for a long time that legislation requires adaption to all kinds of cyber-crimes and cyber based crimes. This for the mere reason that the jump to IPv6 allows a jump from the 4.3 billion addresses that IPv4 gave, to the amount that every person on the planet would have a unique address for every device it owns. More important, IPv6 will allow for every person on the planet to have 1,000 devices, each with their own address and even after that less than 0.1% of all available IPv6 addresses would have been used. We are pushed into an evolution because IP addresses are no longer available. Our devices, each 1,000 times more powerful than the computer that got Apollo 11 to the moon, the computers required to monitor the satellites is now no more than an app and nearly every mobile phone from the previous generation would be able to run it. We moved technology that far ahead. We are now moving to the situation where we see that almost 4 Exabyte a day is transmitted. All that data, once we are in IPv6, all that data can be identified per person and the amount of data will increase almost exponentially. When we get there, how impossible will it become to find extreme elements like Lewis Daynes? That is just the extremes, we haven’t even considered what organised crime could be up to. A situation that brings more questions than answers. Some answers are being sought by Lorin LaFave and I wonder if enough parties are asking the right questions, because some questions come with the element of costs, and they will grow, yet the costs will already be high to begin with. A dimension many politicians are not ready for because the coffers are empty and budgets constraints will limit the steps that need to be made, many are aware of it and nearly no one are voicing those elements.

There is a reality to that, but the reality we need to address is the nightmare Lorin LaFave is forced to face and she is not the only mother who should be worried.

 

Leave a comment

Filed under Gaming, IT, Law, Politics

The reality for poor London

It is not a new concept, people who are getting drowned through greed, yet as the Guardian in a video shows us: (at http://www.theguardian.com/uk-news/video/2014/nov/21/new-era-residents-fight-us-owners-westbrook-london-estate-video), the dangers where greed will not turn people homeless. In addition, the people behind it, Westbrook partners are hiding behind walls and the law. Here is the first part I object to. The law is a shield of protection for victims, not a cloak of unaccountability for the greed driven. However, part of the article that is not shown is the fact that the UK government might have fumbled the ball in a massive way here. I reckon that David Cameron has to attack these issues immediately, because if left untouched, the move from all parties INTO UKIP might be one we have never ever seen before in the history of politics.

So what is actually the case?

Westbrook Partners has been buying real estate on a massive scale; London, New York and Tokyo have been met with a spending spree on acquiring real estate. Buildings have changed ownership, but this change has a difference. This is done for investors of American workers Pension funds (to name but one). They bought property as mentioned in Hackney (inner east London), the residents were told that the rents will now go to market value, this is stated to mean that rents will triple almost overnight, how is that even close to acceptable, moreover, how many will be left to afford such a rent? Consider a rent of 2,500 pounds a month, this comes down to $4,500, I have had decently good paid jobs in IT, but I cannot afford those levels of rent, not in the best of days. Hackney council is currently expecting Westbrook to issue eviction notices. This is worse than just a bad nightmare; dozens of homes will be uprooted for what? Replacement by high rise new building, offering a massive boost to Westbrook Partners, which by the way is a US firm with offices in the UK.

It is not just the immorality of it all, consider that investment firms are now focussing on lower yield options, lower yield locations. Is this because the American wells have dried up? Now, I know that for the most, these things are not an option (or were not an option) in Amsterdam. When Amsterdam saw the 70’s boom in London, they made sure that these dangerous times could not happen there, but it is not a given for all buildings in Amsterdam (outside of the inner city). Consider other places where governments have been lacks with affordable housing. With this I mean Melbourne, Sydney AND Brisbane in Australia, Rotterdam, Delft and Leiden in the Netherlands, Several places in Germany and a few other places. When Westbrook and companies like them start changing the game to this extent, what will happen to the population at large? San Francisco had some events in this direction as Google expanded its views, but this is only the tip of the iceberg, now it is not just housing for a large company, now it is about returns for investors, how long until that part collapses leaving people not just in a state of destitution, but homeless as well?

When we see the article, we see the American Workers Pension Funds, with an image of fire fighters, did these fire fighters know that they are not just saving people, but for their retirement, they are making them homeless too? So is there an issue? Well, Yes!

The issue is at present that what is being done in not illegal, but highly immoral. To force a population out of an area, because of income is like stating that the poor are not allowed in London in any way, how is that not discrimination?

More interesting is how Westbrook was unreachable by the Guardian, their website views like a two page joke giving no information at all. When has an investment firm hiding behind wall of unreachability ever been a good thing? Goldman Sachs has been bad news on a global scale, yet they at least remained reachable. This new era of Westbrook is something entirely different. To see just how dangerous this rent rise is, take a look at the image on this link http://www.theguardian.com/society/2014/nov/19/new-era-estate-scandal-london-families-international-speculators, even more interesting is how the New Era estates included a minority share by Conservative MP Richard Benyon, who is pulling out this month, when confronted with these levels of changes. We might think of blaming it all on London’s Westbrook Principle Mark Donnor, but is that fair? Consider that this mess is the continuation of a mess which I witnessed for well over 22 years! Prices in London have always been outrageous and now that the wells are drying up, rental spaces are one of the few low return yielding options. Both political parties should have harshly intervened long before 1995, but they decided not to, now we see a new iteration which could break the London infrastructure. If you wonder why, then let me explain.

London needs workers, they always needed them and most of them live a long way from London, yet now we see a new group, those on a ‘higher’ lower income like Nurses and some tradies who lived in places like Hackney, as they are evicted, they will move further away and they will try to seek work in a place that is not London, as London faces a rental crash, it will also face a workers crash as people are less willing to live 2-3 hours away from work, we see the need to find other avenues to contain their work-life balance, that means working somewhere else. You might think that this is exaggeration in regards to 92 households in Hackney, but do you think it ends here?

If we consider the quote “The letter said they had secured an agreement not to increase rents again until 2016. However, it added: “Since this week’s departure of the Benyon Estate we understand the council have now been informed that Westbrook no longer plan to honour that plan, and have been told that their plan is to refurbish the current estate in its entirety and then rent all the properties without secure tenancies at market rent levels, with no affordable housing”“, we get another view, we get the view of several investment firms seeing what could be acquired in London for refurbishment and upgrades to market value housing. Consider areas like Paddington and Kilburn, what happens when they get refurbished into market value? In addition, when we see “Councils are acquiring properties in Kent, Essex, Hertfordshire, Berkshire, Sussex and further afield to cope with an expected surge in numbers of vulnerable families presenting as homeless as a result of welfare cuts from next April” (at http://www.theguardian.com/society/2012/nov/04/london-boroughs-housing-families-outside-capital), is this perhaps just the beginning? What happens when the situation goes from 92 households, to 992 households? What will happen to the smaller businesses as these places are all upgraded? The London economy is an interaction of classes and groups, when the city changes the dynamic that has worked for decades, we see a change in culture and options for all workers involved, moreover, what can we expect to see when these locations start to lose the reliability it has had for so long towards an entire iteration of workers and traders. Once that is changed, other elements will become in play as well, then what will happen?

In my view, David Cameron will need to make large strides in changing a current approach, to allow for long term sustainability. If not, we will see entire areas no longer in a state of survivability. These events that Westbrook has started will also make a change to the policies that London Lord-Mayor Boris Johnson is trying to introduce. No matter how strong the need for a living wage is, as Westbrook is pushing for market values, we will see a living wage that needs to go from £8.55 to £18.55, which is something that is not just unrealistic, it will be totally unmaintainable. The fallout will be long term.

In the end the UK government did this by not acting and others might be in the same predicament soon enough. I will be honest and state right here that no one anticipated the fact that rent would ever become the preferred return on investment for investment companies, which is an entirely different conversation I will have with my readers at a later stage. A change none saw coming, but now that it is here, it will prove to be additional hardship on the Conservative party, whilst giving even more options to UKIP.

Leave a comment

Filed under Finance, Law, Politics