Post Office Sell-Off Scandal

The recent privatisation by the, “Department for Business, Innovation and Skills” of 70% of the Royal Mail proved to be a complete and utter disaster. The UK taxpayer lost £1 Billion on the deal, primarily a result of the share price being set, (by Vince Cable) at the lowest possible permitted level, acting on the advice of Goldman Sachs and UBS.

Privatisation rules contained a clause allowing, (Vince Cable) to increase the initial selling price per share should demand exceed the allocation, maximising the return. Bids for shares exceeded total availability by twenty-four fold but he declined to do so.

Joe Public was also short changed, being allocated only, 8% of the share total. The vast bulk of the allocation, 62% was given over to 21, “Priority Investors” in the believe that they would be in for the long-term. The wide based spread of share ownership would therefore provide stability. This did not happen, shares are now owned by only 6 large consortia.

The first day of the sale ensured a minimum 30% profit on each share. Priority customers, (included Goldman Sachs and UBS) made a killing.

The National Audit Office, (NAO), in a report to Parliament, severely criticised the actions of Mr Cable, querying the involvement of, Goldman Sachs and UBS, providing stock market advice, including recommended selling price per share together with a large allocation of shares.

Resign Mr Cable!!! Not a chance. I see no wrong, said he!!  Yet another example of the disease that is Westminster. Scotland is best out of it. Vote, “Yes” in the next referendum.

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A Letter to President Obama

A Letter to President Obama following his ill advised comments about the referendum. Originally appeared in the Aberdeen Press & Journal.

From
duncan forbes

To
Political Barack Obama

Hello Mr President.

I write this correspondence both in anger and disbelief. You allowed yourself to be duped by what has transpired to be a Westminster orchestrated BBC criminal partisan piece of bad journalism. It may even have made you an accessory.

If I or any other Scotsman had dared to suggest that we be allowed to interfere in any U.S. plebiscite, you would be justifiably angered and offended.

If I had suggested that I should be allowed to purchase another country lock stock and barrel for a court accepted £20,000 sterling, to be distributed amongst standing politicians or representatives so as to secure the parliamentary vote in my favour, your country, the community of nations and the U.N. would be up in arms, probably threatening military reprisals and sanctions etc. Well Mr president that’s exactly what Lord Gillingham of Westminster did. He paid the Duke of Queensberry that odious figure and with the rate of exchange that became £240,000 scot’s. Lord Archibald Campbell’s share being £1,100scots and made Lord Chatham all the way down to Lord Banffshire’s derisory £11 and 2 shillings. All of which is illegal under scot’s law and morally wrong under any court in the world.

Our national bard “Robert Burns” nailed it in verse several times “sic a parcel o rogues in a nation” and “chains and slavery”. When you divide the £20,000 sterling into the round figures 4.5million scot’s it equates to two a penny “bought and sold for English gold”. So you as a black man who has fought like your forefathers to be all you can be, striving for equal rights, race laws, equal opportunities, the million man march, a seat on the bus and finally the presidency are backing Westminster. The institution that only made owning another man illegal in the sixties, that is fighting to keep the nation it bought for £20,000 sterling, with the shortest life expectancy in the British isles, the smallest average wage, highest cancer rates, the hardest working race and the greatest contributor per head to their coffers. They cleared millions of us off our land and shipped them to the colonies (sound familiar) and only stopped this when the army needed highland troops that weren’t their. A black man who made the presidency supporting the same principles of suppressing and controlling another race for personal gain? Can you justify this to your electorate? You are going to have to Mr president.

So I ask you, is this what you want to be in bed with? Will your wife and kids respect you more or less for this? How many “Mac’s” on your countries boards? How much corporate sponsorship will you possibly lose? As a black man in power, how could you live with yourself? You have fallen a great distance in my eyes, remember the audit trail and facts as you look in the mirror. As you kiss your wife and kids good night,will they have the same pride in their eyes when they find out? Well will they?

Think about it!

in disgust.

Duncan Forbes

P.S>

I am one of the “one hundred” mentioned on our “declaration of independence” and I defy anyone or anything to tell me to live under Westminster rule.