Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think these people are utter scum, and i am sick to the back teeth with them all

219 replies

CustardoPaidforIDSsYFronts · 30/12/2013 16:03

Private Equity manager Adrian Beecroft has donated over half a million pounds to the Tories since 2005.

Beecroft is the head of the private equity group that administers Wonga. The typical interest rate on a Wonga loan is an incredible 5,853% APR!

the Tory party are resisting regulation of Payday lending sector. Does this resistance have anything to do with the fact that one of their biggest donors runs one of the biggest legal loan shark operations in the country?

OP posts:
CustardoPaidforIDSsYFronts · 30/12/2013 16:06

Philip Harris is the founder of Carpetright and has an estimated fortune of £285 million. He has donated nearly half an million pounds to the Tories.

Harris has been handed the property deeds of millions of pounds worth of state schools, for free. Harris Academies

Once these state schools are converted into academies, they are still taxpayer funded, but this funding is now topsliced by Harris directors who award themselves ridiculously inflated salaries.

The director of the Harris Federation £317,000 plus pension contributions in 2012, with a further five individuals at the pseudo-charity earning in excess of £140,000.

OP posts:
paxtecum · 30/12/2013 16:07

They are scum.
There are scum across the whole spectrum of society.
Posh scum usually gets away with more tham poor scum!

edamsavestheday · 30/12/2013 16:07

Quite. It stinks.

whois · 30/12/2013 16:08

Boring.

The money is borrowed for a short length of time and the APR is virtually meaningless. It's repayment plus a fee. It's VERY upfront about when and how much you have to pay back. Wonga is a useful source of credit for those who struggle to access credit via other cheaper means.

What would you rather do, be in debt to wonga or in debt to the local break-leg loan shark?

CustardoPaidforIDSsYFronts · 30/12/2013 16:10

John Nash and his wife have donated almost £300,000 to the Conservative party since David Cameron became Tory leader.

As director of both Sovereign Capital and their subsidiary ESG, Nash benefited from the award of two £multi-million government contracts.

In May 2011 ESG was awarded a £69 million government contract to administer Iain Duncan Smith's Work Programme in Warwickshire and Staffordshire.

ESG also won another £4 million contract to in the West Midlands into doing mandatory unpaid labour schemes, for which the firm gains £800 for every person on workfare schemes.

Like Philip Harris, Nash is another beneficiary of Michael Gove's school privatisation-by-stealth schemes, with his pseudo-charity Future Academies taking over a number of state schools in the Westminster area.

In 2013 David Cameron gave Nash a seat in the House of Lords and immediately made him a government minister with responsibility for overseeing the development of the new national curriculum.

There is no need to seek any kind of electoral approval, the guy can just be parachuted into the House of Lords and appointed a government minister.

OP posts:
CiderBomb · 30/12/2013 16:11

Payday lending should be banned. They target the most vulnerable members of society, people who'd never be able to get a proper loan from a bank.

They are scum. But it's of no surprise to me that the Nasty party won't regulate them when they quite obviously don't give stuff about poor people anyway.

paxtecum · 30/12/2013 16:11

The likes of Philip Harris will earn themselves a title for services to education.

Free Schools and academies are the start of the privatisation of education - just when we thought there was nothing left to privatise.

CustardoPaidforIDSsYFronts · 30/12/2013 16:12

Paul Ruddock was the boss of the Lansdowne Partners hedge fund until late 2013 and he remains a major shareholder in the company. He has made over £600,000 in donations to the Tory party.

Lansdowne Partnerships is a major shareholder (29%) in Circle Health, a private health company that was awarded the £1.2 billion contract to run the Hinchingbrooke hospital in Cambridgeshire.

According to the Daily Mirror Circle Health have plans to snap up £8 billion worth of NHS contracts.

OP posts:
paxtecum · 30/12/2013 16:12

Cross post!

CustardoPaidforIDSsYFronts · 30/12/2013 16:13

Crispin Oday has donated over £222,000 to the Tory party - He is the boss of Oday Asset Management which holds a 21% stake in Circle Health.

Martyn Arbib has donated over £478,000 to the Tory party - He is the founder of Invesco Perpetual which holds a 22% stake in Circle Health.

Michael Platt has donated £75,000 to the Tory party - He is the founder of Blue Crest Capital which holds a 7% stake in Circle Health.

NHS backdoor privatisation

OP posts:
CiderBomb · 30/12/2013 16:13

Whois, what a stupid comment.

paxtecum · 30/12/2013 16:14

Whois: might be boring to you dear, but not to all of us.

caramelwaffle · 30/12/2013 16:15

Does Miley Cyrus like getting naked?

Do lions roar?

Taking the APR down to 98%-200% would be more reasonable

CustardoPaidforIDSsYFronts · 30/12/2013 16:16

Enter the name of a Tory MP, donor, company, industry or postcode to Search the Money

OP posts:
edamsavestheday · 30/12/2013 16:17

The government created the market for wonga when it abolished the social fund, that gave loans to people on benefits for essential stuff like cookers. They stole from the poor to give to the rich who in turn give to the Tories. Neat trick. And entirely corrupt.

ModernToss · 30/12/2013 16:18

The health and education ties in particular are both frightening and immoral. Bastards.

HappTeeNewYear · 30/12/2013 16:20

It is not news, surely, that the Tory party of the ethics of a worm.

The rich get richer and the poor get poorer.

As it ever was and ever will be.

Until the revolution.

CustardoPaidforIDSsYFronts · 30/12/2013 16:20

Michael Ashcroft
another tax-dodging Tory party donor. bases himself in Belize for tax purposes and has given the Tory party over £10 million in cash donations and services.

When Ashcroft was given a seat in the House of Lords, solemn assurances were given by the then Tory party leader (now foreign secretary) William Hague, that Ashcroft would give up his non-domiciled status and actually begin paying UK taxes on his fortunes. Almost a decade later it was revealed that Ashcroft had remained non-domiciled.

In February 2013, "Lord" Ashcroft announced that he was to quit funding the Tory party out of his opposition to David Cameron's liberal attitudes, specifically his desire to introduce Gay marriage legislation.

OP posts:
edamsavestheday · 30/12/2013 16:21

Interesting link custy, thanks

caramelwaffle · 30/12/2013 16:22

Thank you for the links.

CustardoPaidforIDSsYFronts · 30/12/2013 16:23

Michael Hintze
He has donated over £1.3 million to the Tory party directly, donated another £154,000 through his CQS Management hedge fund and also loaned them more them £2.5 million.

In 2011 CQS Management did their accounts so effectively that they only ended up paying £30,000 in Corporation tax on an operating profit of £85 million.

OP posts:
RandyRudolf · 30/12/2013 16:24

Corruption and greed in politics. Who knew!

paxtecum · 30/12/2013 16:26

The sad thing is that New Labour are no better.
Tony Blair and the lovely Cherie seem to idolise money.

Money often corrupts people. Those who have, want more.
A bigger yacht, more houses all over the world.

Integrity and honesty are wonderful traits that are often lacking in people.

CustardoPaidforIDSsYFronts · 30/12/2013 16:26

open acadamies

According to the latest figures, almost 2,000 secondary schools have been transferred to private ownership under Gove's Academies scheme, which stipulates that in order to obtain Academy status a school must transfer their property deeds (including playing fields) to the new private sector education providers.

OP posts:
CustardoPaidforIDSsYFronts · 30/12/2013 16:29

Another key player on the Academy scene is ARK Academies. The Ark board includes Paul Marshall

One of the latest additions to the ARK Academies property portfolio - Elliot school in Wandsworth

ARK began planning to sell off more than half of the property, which is described as "surplus land" This "surplus land" contains several sports pitches, athletics facilities, a kids' nature reserve, an outdoor performance stage, the school car park and even a memorial tree.

OP posts: