Yearly archives: 2010


I Just Can’t Believe This Is Happening

In two and a half hours of coverage BBC News has interviewed the Israeli government spokesman and covered live an Israeli government press conference, while reporters have set out at length the Israeli government view of events nine times. There has been no attempt to interview anyone from the convoy organisers, from the Turkish government, or from the Palestinians, and no expression of scepticism or even reserve by any reporter about the Israeli version of events.

A BBC journalist has stated – quite wrongly – that the blockade of Gaza is legal, and there has been no mention of the fact that it is illegal to board a foreign ship in international waters.

UPDATE BBC producres refuse to put up any interviewee except from the Israeli propaganda regime. The Israeli command on the 10am news was the worst example yet. But my warm congratulations to the female anchor who, despite this backroom manipulation, cut across his mendacity. I fear her career may be damaged.

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Israeli Outrage

So now we have a reported 16 new Rachel Corries, as commandos of the rogue Israeli state massacre unarmed activists taking aid – building materials, purified water and electric powered wheelchairs – to Gaza. At least 60 more are reported injured, some critically.

The nationalities of the dead and injured are not yet known, but one would hope that this would finally turn the tide of unthinking Zionism among senior politicians that has enabled them to overlook Israel’s inexorable trend into a more and more racist, militarised and intolerant state. The brave activists who died will certainly have helped turn the media spotlight across Europe on Israel’s unconscionable treatment of Gaza and the other occupied territories.

The aid flotilla had actually obeyed the Israeli Navy’s order to turn away from Gaza when the ships were boarded. It is worth stating that the boarding of the ships – which were not in Israeli territorial waters – was in itself an illegal act. That is crucial as we wait for the Israelis’ usual lies about the incident, which will predictable claim their heavily armed elite commandos were attacked by the unarmed peace protestors.

It is disgraceful that I can find no reaction from the British government to this.

UPDATE As I predicted, the BBC 8am news reported that the Israeli commandos opened fire after they were attacked with “knives, axes and firearms”. There was absolutely no scepticism expressed at this Israeli claim, and no attempt to seek a reply from any representative of the aid convoy. The BBC has not mentioned – or interviewed anybody who might mention – the indisputable fact that it was illegal under the UN Convention on the Law of the Sea and in customary international law for the Israelis to board the ships in international waters.

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The 4.45pm link

I have decided to try everyday, as close to 4.45pm as I can get to a computer, to publish a link to something I particularly enjoyed reading that day. It will not necessarily be something written on the day I read it. This first one wasn’t:

http://stefzucconi.blogspot.com/2010/05/austerity.html

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Time to Legalise Prostitution – and Drugs

Prostitutes have to get murdered before they get treated by the media with any dignity. We need to consider carefully the lessons from the cruel exposure, yet again, of their vulnerability.

Prostitution is massive in the UK. Estimates of the number of prostitutes varies, but the lowest serious estimate I can find is 30,000, while the figure most commonly quoted is 80,000.

http://www.independent.co.uk/life-style/love-sex/sex-industry/sex-for-sale-the-truth-about-prostitution-in-britain-1035038.html

What is beyond doubt is that the number of customers for these prostitutes runs into millions – a significant proportion of the adult male population of the UK. Yet this massive industry operates entirely in the shadows. It is not actually illegal, but it is hedged in by legislation that forces it to operate secretly. Means of granting discretion to customers without the need for initially meeting up in dark dangerous abandoned streets, are likely to lead quickly to prosecution.

Our current laws on prostitution are the product of Victorian prudery, and have been reinforced by the still narrower zeal of political feminists who wiish to restrict the uses of female sexuality.

The semi-legal status leaves prostitutes lurking in the dark, and often subject to the attention of pimps, traffickers – and sometimes murderers.

Of course, we need economic policies which provide good opportunities for everyone, so that prostitution is a choice. But for women who wish to be prostitutes, they should be free to work openly, in good conditions, at home or in safe establishments, in security and with access to medical services. Sex workers should be able to pay tax like anybody else.

But the other thing which is plain is that the sex workers of Bradford are often in the industry to fuel their drug habit. Here there are stark parallels in the legal position on drugs and prostitution, born of the inevitable counter-productivity of legislating for personal morality. The legal classification of drugs has very little relationship to the harmfulness of the drugs themselves, but are rather a strange inheritance of historical social factors. The last government was continually in conflict with its own scientific advisers who pointed this out.

http://news.bbc.co.uk/1/hi/6474053.stm

It is the blanket and unnecessary illegality of drugs that provides the criminal world with its main source of revenue, destabilises entire producer countries and denies society the benefits of quality control, hygiene and taxation.

It would take a politician of rare courage and vision to take on the tabloid press on these issues. Unfortunately we don’t have any of those.

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David Laws Does the Decent Thing

I am genuinely very sorry for David Laws, but he has done the decent thing and avoided a horrible protracted media exposure. He plainly broke the rules on not paying rent to a partner, and trying to hide behind quibbles on what constitutes a partner would not have helped.

Laws has now shown that he has a great deal more commonsense than many of the commenters on my earlier post and pretty well all other Lib Dem bloggers.

https://www.craigmurray.org.uk/archives/2010/05/david_laws_must.html

Indeed the knee jerk tribalism of Lib Dem blogs this morning was pretty disgusting.

This resignation sends out a good signal that any doubt on personal probity will not be tolerated. The parliamentary investigation into Laws’ claims will go ahead. I can think of no reason why there should now be any further public interest in press intrusion into his private life.

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Ahead of my Time – Eurovision

azerbaijan-cp-6698217.jpg

As usual, where Craig Murray treads, the rest of Europe follows in time. Of last year’s Eurovision song contest I blogged:

Last night I voted for Azerbaijan because I thought the girl was seriously hot.

https://www.craigmurray.org.uk/archives/2009/05/eurovision.html

Tonight I expect the rest of Europe will catch on.

UPDATE

In the end I voted for Armenia, as having an altogether better class of tottie.

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Gay Pride in Moscow

Warm praise to Nikolai Alekseev and the other organisers of today’s Gay Pride mini-march in Moscow. Having been banned for the last five years by Mayor Luzhkov, Putin and Medvedev, and after an appalling catalogue of political violence and persecution, activists managed to hold a ten minute street demo in Moscow today with nobody injured or arrested. This was achieved by posting false trails all across the web as to where it would be, and by activists buying new clean mobile phones in the last day to organise it.

Many congratulations also to Peter Tatchell, who went across to help and has become a tremendous advocate of human rights worldwide. Peter said of the banning of the march:

“It is the latest of many suppressions of civil liberties that happen in supposedly democratic Russia. Many other protests are also denied and repressed, not just gay ones. Autocracy rules under President Medvedev,”

It is also worth noting that the British Embassy refused to help, including refusing to host a gay social on Embassy premises to mark Moscow gay pride day. That is an appalling failure – typical of the FCO – to show support for the rights we are supposed to espouse.

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The Lords Mire Must Be Drained

It is very difficult to look at the dissolution honours list for the Lords without retching. Lord Prescott, Lord Reid, Lord Blair of Stockwell Tube Station? Then there are the Tory donors. Floella Benjamin is the only redeeming feature. Indeed, I hope someone can find Brian Cant and put him in there too.

But seriously, surely this lot, with so many of Gordon Brown’s backroom chums as well, stretch to breaking point the credibility of the Lords? It beggars belief that we still have this ancient stench-pit of corruption and patronage as an integral part of our legislature.

Nick Clegg has promised Lords Reform from this coalition, but Clegg deferred to the Tories by mentioning “grandfather rights”. The Tories are insisting that existing peers – or at least a large number of them – should remain members of the Lords until they die. So no democratic upper chamber until Ian Blair, John Prescott and John Reid peg it? Not to mention the new Tory peer 33 year old Oxford graduate Nat Wei? It is ludicrous.

Grandfather rights are unacceptable. The Lords must be swept away, and replaced by a democratic upper chamber with no unelected grandparents invited. Preferably elections should be by PR, but a fully elected upper chamber by 2015 will be over a hundred years overdue.

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David Laws Must Resign

I am among those who has been very impressed by David Laws’ performance in his brief ministerial career. And I have read carefully the Lib Dems blogs – which seem universally to be defending him, like this.

http://markreckons.blogspot.com/2010/05/david-laws-should-not-resign.html

http://www.libdemvoice.org/david-laws-issues-statement-on-his-expenses-and-sexuality-19728.html

The difficulty is that the Commons rules stated quite unequivocally that an MP could not claim to rent a room in a home owned by their partner. In 2006 a specific amendment was made to make that crystal clear. Laws does not deny he broke the rules, and is paying the money back.

The point made by Lib Dems throughout the blogosphere is that, if Laws and his partner had owned the homes jointly, he could have claimed the mortgage payments. That is of course true. But Laws did not do that, and the rules are explicit that the alternative of paying rent to your partner is not allowed.

Laws’ explanation for his behaviour is that he did not wish to come out as gay. That is his right. Had he therefore not made any second home expenses claims, he would have forfeited £40,000 and deserved great sympathy for the sacrifice made to his domestic privacy. Nobody would have launched an investigation into why the very wealthy David Laws did not make a second home claim.

To “protect your privacy” by making taxpayer funded rent payments to your partner against the rules, was always going to be counter-productive. It also involved what I presume (and I do not know) is a further little lie to the Commons that he was renting a bedroom in his partner’s house, when it is surely more likely that they share one.

It is, to say the least, extremely unfortunate that this revelation about David Laws should come out at this moment – and the Telegraph’s timing opens a whole raft of other questions. And what Laws has done is less bad, for example, than Michael Gove’s second home flipping. But there is no point to the Liberal Democrats if we do not aspire to higher standards than Labour and the Conservatives, and it is deeply disappointing to see the LibDem blogs’ tribal rally around Laws.

Laws has just announced a public sector pay freeze. He is the man who would have to announce cuts next year that will inflict very real pain upon public sector workers, benefit recipients and public service users. Having a millionaire to do that is already difficult. Having a millionaire, who broke the rules on expenses claims and trousered £40,000 he had to pay back, to do that is simply untenable.

Laws should do the decent thing now.

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It is Baroness Scotland Who Should be Jailed

Lolohai Tapui has been jailed for four months. If we jailed every illegal immigrant for four months, that would constitute over 300,000 prison man years. The Independent story is entirely condemning of Tapui and exonerating of Scotland.

http://www.independent.co.uk/news/uk/home-news/baroness-scotlands-housekeeper-jailed-1985126.html

But who was really exploiting who here? £6 an hour, for God’s sake! In the heart of Central London? Anyone who has had an 0207 phone number knows that anyone over the age of 18 who will work of £6 an hour is an illegal immigrant. I am not nearly as rich as Baroness Scotland, and we pay our student babysitters £8 an hour.

£6 an hour = illegal immigrant. £6 an hour = cruel exploitation. The wrong woman is in prison.

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Rumblings in Tashkent

There is much consternation at the apparent decline of Gulnara Karimova’s multi-billion dollar company, Zeromax – which owns Uzbekistan’s most valuable economic assets.

http://www.eurasianet.org/node/61072

Gulnara is of course the daughter and favoured successor of dictator “President” Islam Karimov. Zeromax is, in addition to interests encompassing gold, uranium, coal, cement, cotton, hotels, night clubs and sex-trafficking, the Pentagon’s major conduit for land supply to US forces in Afghanistan.

The immediate cause of the shutdown appears to be arrears of US $440 million on multi billion loans given to Zeromax by the Uzbek government. The loans were secured on assets which Zeromax obtained in the first place for next to nothing from the Uzbek government’s closed “privatisation” process, otherwise known as “let the President’s daughter have everything”. Zeromax has never made any attempt to repay any of the loans.

Outside analysts are speculating that the moves against Zeromax represent a power grab against Gulnara by Prime Minister Mirzayev (the man who ordered the specific Murder in Samarkand which became the title of my book).

That seems to me improbable. More likely Zeromax has simply outlived its usefulness as a vehicle. I suspect that it is repositioning, simply. Zeromax worked pretty well for several years as a front to hide the fact that the Karimovs were hiving off much of Uzbekistan’s economic production for personal benefit. The cover has been well and truly blown for a couple of years now and Zeromax was attracting jealousy. So it gets jettisoned like a snake shedding an old skin. I don’t think you’ll find Gulnara has lost a penny.

If Zeromax goes down, its debts will be written off, and I will be astonished if the productive assets do not still remain under the control of the Karimovs, in a new vehicle or variety of vehicles.

Much more worrying is further evidence of the reach of the Karimovs in Washington. Paid Karimov lobbyist and former lawyer for Zeromax, Carolyn Lamm, is now President of the American Bar Association – how sickening is that?

http://www.foreignpolicy.com/articles/2009/11/13/lowering_the_bar?page=0,1

Presumably Lamm played a key role in the huge Pentagon supply contracts landed by Zeromax.

Almost worse, in the light of Karimov’s banning of all anti-Aids organisations and jailing of Maksim Popov,

https://www.craigmurray.org.uk/archives/2010/05/please_write_to.html#comments

is that Gulnara Karimova was feted at Cannes by Amfar – the American Foundation for Aids Research – as co-chair of their mega celebrity bash Cinema Against Aids at Cannes.

http://www.amfar.org/spotlight/event.aspx?id=8298

I several times telephoned AMFAR to ask how thay could justify celebrating Gulnara (two years running now), in the light of her regime’s purblind attitude to AIDS – not to mention the fact that the Karimov-Dostum narcotics trafficking racket is the main cause of AIDS in Uzbekistan. AMFAR refused to answer or return my calls.

I call for a boycott of AMFAR because of their continuing friendly links with the Uzbek regime. I do hope that people will continue to donate money for AIDS research, but to other less tainted charities.

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Academy Schools

I am against Academy Schools, unless the proposed flood of new ones are going materially to be different from the New Labour model.

In practice what happened in Academy Schools was that a business, organisation or individual was able to put in just 5% – yes, 5% of the capital costs, and nil – yes nil – of the running costs. For that, the “sponsor” got to choose the curriculum, while the school received a massively larger share of the available pot of state capital for schools, than would be given to any “normal” LEA school.

The state was still paying the vast bulk of the cost – 98% of capital and running costs in the first ten years. Non-academy schools were being starved of capital. The provider of the 2% got to be the boss and influence our children.

For Tony Blair, being a goggle-eyed God-inspired mass killer himself, it was an advantage that those most interested in this ability to influence our children were various forms of religious nutters, often distinguished by a disbelief in evolution.

So far as I can judge, the main difference between the New Labour model and the Gove model is that the swivel-eyed nutters may now not have to put up any money at all before they take over the school. This needs to be carefully watched.

I warmly welcome the demise of the national curriculum and the end of micro-management of teachers by the state. That is an advance. But that should lead to an empowerment of democratically elected lcoal councils – the local education authorities – not the committal of our children to a variety of unelected and unaccountable bodies, firms and individuals. I am not at all hostile to the idea of educational cooperatives under loose LEA guidance – but there is no sign to date that the new model looks like that.

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Parliament Square

It does not bode well that, while the Queen’s Speech was announcing a rebirth of civil liberty, Brian Haw was being arrested in Parliament Square. This was yet another bad move by the Met. They know Brian very well by now, and are fully aware that he is not a threat to the Queen. It beggars belief that, after they have stared at his every moment for years, they might suddenly think he was storing weapons or using drugs, This was crass and insensitive.

The rest of the Parliament Square “Peace Camp” is quite a different matter. I have not spoken with Brian recently, but I can tell you that it is wrong to presume that he welcomes or trusts all those comparatively fleeting campers who join him in good weather.

My own view is complex. There is, I believe, a genuine difference between the right to protest in Parliament Square – which I strongly support – and the right to live in Parliament Square, which in general I don’t support. Brian’s vigil is different because its maintenance became the only way to maintain the right to protest there under Draconian New Labour legislation. Camps, vigils and occupations have their place in protests. But do I think anybody has the right to pitch tent in Parliament Square and stay for weeks? No, I don’t really.

Public spaces are public, and if you appropriate them to live there, that is a loss to the public.

Actually for me the real scandal of Parliament Square is the sacrifice of this public space to the bloody motor car. It is not a square, it is a horribly busy traffic roundabout. It has been made quite deliberately almost impossible to get past the traffic and on the the green area of the square. None of the many sets of traffic lights has a pedestrian phase allowing you to do that.

Westminster is a disgrace. What should be the great public areas of the country – the Embankments, much of Trafalgar Square, Whitehall, The Mall, Birdcage Walk, Parliament Square – are horrible spaces full of noise, pollution and danger. Cars should be banned from the entire area.

I do hope the mean-minded charges against Brian are thrown out, though I doubt they will be. Another measure announced in the Queen’s Speech was elected police commissioners. Now wouldn’t Brian be a great candidate?

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Hague in Afghanistan

There has been a welcome lack of triumphalism from the Tory visit to Afghanistan and, unless I have missed it, a welcome lack of posing in body armour and camouflage gear. The talk has been of speeding up the training of the Afghan National Army so we can leave. This is of course a figleaf – the Afghan National Army is an anti-Pashtun alliance with US weapons, and will never be able to control the country. But the pragmatic desire to get out of there, whatever the excuse, is welcome.

I have been much heartened to see Bill Patey very close with the delegation, as UK Ambassador to Afghanistan. Bill’s predecessor, Sherard Cowper Coles, famously advocated that we should remain in military occupation for decades more to try to improve Afghanistan. I can guarantee that Bill will have no such crazed notions.

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Estate Agent Ethics

I am having a fraught time with my attempted house move. It is so strange that I thought I would blog about it. The strangeness may be only a product of the years since I last bought a house.

I saw a lovely old home – a Grade 2 listed building, very dilapidated – earlier this week. It was advertised at 289,995, and I put in a bid of 275,000. The agent told me that a cash offer of 250,000 was already in, and that the seller was inclined to accept it for a quick sale. The house ad, he said, been repossessed. In these cases, the rule was that no offer was accepted until contracts were completed.

That sounded very unpleasant and I wished I was in Scotland where the law enforces some honour. But even more strangely, the estate agent said he had no idea if it was a listed building, and went on to deny my suggestion it had at some stage been converted to flats, despite the fact that it has three floors, each with its own recently but horribly installed kitchen and bathroom.

A phone call to the council confirmed it is indeed a listed building and it appears there was no permission for those changes, though I have to visit the Council to make certain of that last. But my several contacts with the estate agent since then have left me with the strong impression that they have a real desire not to sell to me.

In short, what they have said to me is that the 250,000 cash offer is going through, and they will not inform the seller of my higher offer unless I can show the cash. I have said I will be able to show the cash within seven days. They have said that if I show the cash before the 250,000 transaction goes through, they will tell the seller about me. But otherwise not.

That seems to me crazy. I should have thought even a corporate seller would want to know somebody had offered 25,000 more, and be given the option of waiting a very few days to see if he could show the money. The house has only been on the market a fortnight.

This is my email exchange with the estate agent today:

Hello…

I presume my 275,000 remains the best offer?

I today paid over 125,000 in cheques into my current account for the

deposit. These will take a few days to clear.

I have a second meeting with my bank (Natwest) on Tuesday morning to

finalise the offer in principle. So the finance will be fully in place

before the end of next week.

I have instructed, and paid, Mr … to carry out a structural

survey.

Please inform me of any developments.

Craig Murray

Afternoon Craig,

Thanks for your email.

We cannot put your offer forward to our corporate client till we have seen the following documents

Agreement in principle from your bank

proof of deposit

Kind Regards

Incidentally, the house plainly has not been a happy family home for many years so I don’t have qualms about buying a repossession.

Am I being paranoid? I have half convinced myself the estate agent is trying to sell for 250,000 to a local developer they know, avoiding stamp duty, not advertising the listed building status and suppressing higher bids. Or is this all innocent and normal?

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Fox Hunting et al

I am writing an important letter to William Hague on his proposed inquiry into torture (via my MP to make sure an FCO bureaucrat does not bury it). I am marshalling my evidence but trying to keep it short, plain and unemotional.

So no energy or time for significant blogging today. Some thoughts to keep people going.

I am staunchly against fox-hunting. In my youth I was in the Hunt Saboteurs Association and remember great fun laying aniseed trails to disrupt otter hunts somewhere near Kings Lynn. I would happily do that again. I supported the ban on fox-hunting.

But I have changed my mind. I still strongly oppose fox-hunting, but I no longer think it should be illegal. New Labour changed my mind. They opened my eyes to the dangers of authoritarianism and the criminalisation of numerous activities. The mind that will ban protest outside parliament and make it illegal to photograph a policeman or railway station, is a mind seeking to abuse the power of the state.

New Labour convinced me that excessive state power is a real evil to weigh in the balance when considering how to deal with any issue. I consider fox hunting an ill, but state interference a greater ill. Any liberal should believe that the state should interfere in liberty as a last resort.

Other forms of social sanction can and should be deployed against fox hunters. Social disapprobation, ridicule, protest, peaceful disruption. But is the crushing hand of the state really required? No, I don’t think it is.

The same goes in my view for the smoking ban. I don’t smoke and hate cigarette smoke, But should it be illegal in pubs and restaurants, which are private property? No.

Lights blue touchpaper and goes back to his letter to William Hague…

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Gary McKinnon and Freedom

On 10 May I blogged:

Poor Gary McKinnon provides an important test. The Tories and Lib Dems have said they would halt his extradition under Blair’s vassal state one way extradition treaty with the USA. New Labour apparently remain determined to extradite him – and that means Miliband and Johnson in particular. That should be food for thought for anyone considering New Labour leaders touted as more acceptable to the Lib Dems,

https://www.craigmurray.org.uk/archives/2010/05/the_mckinnon_te.html#comments

I am delighted today that Teresa May has called in the McKinnon case for consideration – something New Labour refused to do. It does appear that Conservatives and Lib Dems are going to keep their promises and stop the McKinnon extradition.

This is great news. Even better news is that page 14 of the full coalition agreement promises to change Blair’s vassal state extradition treaty in the UK. It is well understood that this was a grossly unbalanced treaty, allowing for extradition of UK citizens to the US, but not of US citizens to the UK. It is less often mentioned that the treaty, enshrined into UK law by Order in Council, debars the UK courts from any consideration of the evidence or merits of the case. The only power the courts have is to check the correct form of the extradition request.

This treaty is the perfect embodiment of Blair’s policy; total subservience to the United States and the abdication of any idea of natural justice. Those commenters on this blog who refuse to accept that this government is an improvement on the hateful New Labour crowd, increasingly sound like nuts.

In presenting the coalition agreement today, Nick Clegg started by talking passionately about freedom in the UK. That is a word New Labour almost never mentioned, except in the context of abroad. And when they spoke of freedom abroad, it was code for we are about to invade you and kill hundreds of thousands of people.

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A Really Good Sign for the Coalition

Yesterday saw a vital indictation of the viability of the coalition – and it was George Osborne who delivered an extremely good result.

Last week I blogged:

Next week, the EU Council of Ministers plans to adopt strict regulations enforcing transparency on hedge funds and private equity firms and limiting their leverage, ie how much they can gamble. NuLabour resisted these very sensible Franco-German proposals, because NuLabour was 100% bought by the City. The Tory right wants to oppose the plans because they are European regulations. Already we are hearing bleats that hedge fund managers will move abroad. Good. The attitude to these proposals will be an imprtant early indication of whether this government is more progressive than NuLabour.

https://www.craigmurray.org.uk/archives/2010/05/on_my_way_to_li.html

This is from the lead story on the front page of today’s Financial Times:

The approval of the controversial rules by finance ministers follows a similar endorsement by a group of EU lawmakers on Monday and brings regulation of the “alternative investment” industry closer.

Mr Osborne decided not to use up political capital in Brussels fighting to dilute an EU directive that has been ferociously pushed by France and Germany

end

More to the point, these regulations had been ferociously resisted by New Labour, just as Brown and Mandelson had ferociously resisted Franco-German proposals to limit bank bonuses and apply other brakes on casino banking. New Labour’s total defence of even the most extreme practices of most unacceptable faces of capitalism – hedge funds and private equity funds – was sickening.

It was notable in the election campaign that the Tories stance on banking regulation – in their manifesto, their rhetoric and the leaders’ debates – was much stronger than New Labour’s, and closer to the Liberal Democrats. There was room to doubt if this was just election populism. Osborne’s decision yesterday is a welcome sign that he Tories really are willing to take on City interests to which New Labour were slaves.

But the significance does not stop there. This decision also shows Cameron and Osborne are prepared to take on their own Europhobes. There will be fury from the combined forces of private equity millionaires and anti-Europeans, being poured down the lines into Conservative Central Office today.

Osborne in fact cleverly played the pro-EU card in the ECOFIN meeting and used his agreement to fund regulation to push forward the single market in financial services – something which has been disgracefully obstructed on continental Europe.

A friend of mine in UKREP Brussels tells me this morning that the view there is that it is great to have Ministers who do not confuse the interest of the City and the national interest as automatically the same thing.

And the icing of the cake for the coalition is that these very proposals for transparency and limitation of risk of hedge funds and private equity funds were initiated in the European Parliament by Lib Dem MEPs – led by my old mate Graham Watson.

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