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John Redwood

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linkhttp://www.johnredwoodsdiary.com calendar_today01-12-2009 15:27:11

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Getting illegal migrants out of hotels is a good idea. If many of them are allowed to stay where will government find all the extra homes and how much will that cost?

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The UK government is right to charge housing illegal migrants to the overseas aid budget. It is wrong to allow so many more to come. The costs of all this are out of control.

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Well done Tom Harwood for removing graffiti from a tube train. Well done Robert Jenrick for confronting fare dodgers. Why don’t the Underground bosses do something to stop these abuses?

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Why does the government look for yet more ways to tax us whilst not tackling fare dodgers, benefit cheats, huge losses by nationalised industries and the costs of low pay, no pay and illegal migration?

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Last night on GB News State of the Nation I set out how to bring the huge Bank of England losses down. See johnredwoodsdiary.com and GB News

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Sizewell C will not usher in “a golden age of clean energy”as Mr Miliband says. It is needed now to help replace all the nuclear stations the government is closing. It will arrive years late and at great cost.

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Unemployment up, job vacancies down. Why didn’t the Chancellor realise that would happen when she increased the jobs tax and the cost of employing people?

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Why did the government announce possible big nuclear investment without signing any contracts, giving any firm cost estimates or identifying any SMR sites?

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So we now have plenty of unfunded spending promises from pensioner fuel grant to Chagos give aways. What happened to all those promises on fiscal prudence and no unfunded spending?

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The Conservatives planned to borrow £87 bn in 2024-5. Rachel Reeves ended up borrowing £148 bn. On her own analysis the bulk of all that extra borrowing was to pay for her big increase in spending. She called it restoring stability to public finances!

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The Chancellor has put up public spending and borrowing, which has put up government borrowing costs. The job tax has put up unemployment. Far from making us more secure she is relying on the goodwill of the bond markets to pay the runaway bills.

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The government has not given us border security. There are record numbers of illegal migrants. It has not given us national security. It cannot find the money to meet NATO requirements. It has not given us economic security. Business confidence is low and unemployment up.

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The Chancellor claimed to find a black hole in the accounts, then made it much bigger with her spending and borrowing increases.

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The Chancellor has put inflation, government longer term borrowing rates and unemployment up. Far from acting to create stability she has worsened the state of the public finances with a borrowing spree.

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Gibraltar has twice voted overwhelmingly to stay British. The government must not sign a deal which undermines our sovereignty. That is clearly established by Treaty.

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The government keeps telling us of new trade deals with the EU and the US as if they were done. When will it complete the negotiations and publish a text of what they have secured?

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The Chancellor said today the higher long term borrowing rates were an international problem. She should look at the ten year rates. UK 4.5%, France 3.2%, Germany 2.5%, China 1.7%, Japan 1.4%.

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Parliament should demand to see the text of the Gibraltar agreement to find out what has been given away. Will an armed Spanish official be able to stop a British passport holder entering Gibraltar? Will they be stationed on our key sovereign base?