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Financial collapse & regulation New!

Thu 18th Mar 2010

Ordinary mortals find it hard to fathom the way high finance works. The detail is horrendous. Lehman Bros, one of the biggest global players in finance, collapsed in 2008 and the official report on that event runs to 2200 pages. It is also boring, except when you remember that it is ordinary people who are paying for this: with their jobs; their homes & their taxes. The transactions that led to collapse were signed off by the law firm Linklaters & the accounts approved by auditors Ernst & Young. In essence Lehman's came up with a type of financial window dressing that was not illegal but the spirit of the rules has certainly been sidestepped. Although Linklaters assert that "there was no finding that its' opinions were wrong or improper" confidence in the system has again been shaken. Six and a half years ago the then Chief Executive of the Financial Services Authority said " [the FSA] would provide an early warning of products that may be about to be launched or are circulating in the market that present particular dangers to consumers" What happened? Not a lot. Can we rely on Brown or Cameron to really fix things? In your dreams. Lib Dems will. One other thing is sure. The more the financial services industry protests & howls with pain the more you can be sure the proposed political action is the right action.

A question of ownership New!

Wed 17th Mar 2010

During Prime Ministers questions today [17th March] David Cameron accused the Government of being "a wholly owned subsidiary of Unite". As the leader of a party that is a wholly owned subsidiary of Lord Ashcroft & the super wealthy that is a bit rich but at least voters know where they stand. If you don't fancy either of these options you can always vote for the party that is 'owned' by a membership of ordinary people who are concerned about this country and its' politics. That's right. Vote Liberal Democrat.

Bill Winlow Supports Fylde Manufacturing and Business New!

Wed 17th Mar 2010

County Councillor and Parliamentary Candidate for Fylde Constituency, Bill Winlow spoke strongly in support of BAE Systems, Warton and Westinghouse, Springfields and other Fylde industry during a debate about the importance of manufacturing at the recent Liberal Democrat Spring Conference [March 13th]. "Fylde relies heavily on these two major employers to directly provide over 5,500 jobs for local people." said Bill. "There are numerous local small businesses reliant upon them, which, along with other innovative local businesses, need to be better supported in difficult times. It is imperative that they receive finance as and when they need it to facilitate development from concept to commercial products. In addition to regulating the financial and banking sector, the Liberal Democrats will create Local Enterprise Funds and Regional Stock Exchanges to rebuild a diverse manufacturing sector and support an entrepreneurial economy". Bill continued "It is utterly disgraceful that the banks will not provide financing to sound companies in the early stages of commercial development when it is most needed - the Labour government has utterly failed in its promise to get them to lend. Unfortunately the service economy invented by the Conservatives has also failed the North West very badly - we have moved from real engineering to 'financial engineering' with potentially dire long term consequences for the skilled workforce here on the Fylde.

Bill at Conference

Save Fylde's Farmland New!

Tue 16th Mar 2010

County Councillor and Liberal Democrat Parliamentary Candidate for Fylde, Bill Winlow, is appalled that green field sites are under attack from developers. "Fylde needs to retain its farmland for the benefit of the local community and local producers. Fylde Borough Council should stand up to the developers and say no to further loss of high quality land. The proposed development North of Mowbreck Lane at Wesham is a case in point and should be stopped, otherwise developers will be encouraged to target other Greenfield sites in the area. That would have a serious impact on our eco-system, wildlife and eventually on our ability to produce enough food to feed ourselves" said Bill. In opposing the scheme he continued: "Local people recognise that the proposed development is inappropriate or they would not turn out in such large numbers to protest about it. It's about time that Fylde Borough Council started to listen to local people and looked after their best interests. They should throw out the proposal at tomorrow's meeting of the Development Control Committee"

Wesham protest

Local issues continue to get Lib Dem Councillor attention.

Mon 15th Mar 2010

As the General Election approaches it is inevitable that this site will focus on National issues but we shouldn't forget that County Cllr Bill Winlow; County & Fylde Borough Cllr. Howard Henshaw and Borough Cllr & Mayor of St. Anne's Tony Ford continue the daily task of representing the concerns of the people of the Borough. St. Anne's swimming pool was much discussed on this site on 7th March and in the Lytham St. Anne's Express on 11th March & doubtless there is more to come. After years of campaigning Devonshire Rd has finally been resurfaced & improvements made to St Leonard's Rd E. The authorities have been alerted to a spate of attacks on soft top vehicles. There are important changes in the next few weeks to the way cardboard recycling is to be handled. A 'Tea with the Mayor' event was hosted by Tony in support of 'Fairtrade fortnight' and the Diana awards were presented to Lytham St. Anne's High School staff & pupils in recognition of the work done on a mentoring programme. Please visit the respective 'blogs' via the links to the left of this page to keep up to date on the full stories.

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Quotes of the Week

"Anyone who wants to pass laws in this country should pay this country's full taxes and not hide behind the special offshore status of non-doms. Non-doms have to tell the taxman that their first allegiance is to another country. No-one should be a British lawmaker whose first allegiance is not to Britain."

Chris Huhne, Liberal Democrat Shadow Home Secretary

www.libdems.org.uk - 2 March

"I think people are entitled to expect a sensible, stable government at a time when the country is facing very, very acute choices. We take what the markets are worrying about immensely seriously. We will not take any risk with the creditworthiness of the economy."

Nick Clegg, Leader of the Liberal Democrats

Financial Times - 3 March