ToryTalkII, Ware returns to cyberspace

A Centre right view on UK politics and the wider world from an British subject by birth and English citizen by Postcode in London, with links to my old uni town whose been abroad both near (Wales / Cymru) and far (Levant, Polska and Malta)

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Location: Cowley, London, Middlesex, United Kingdom

Thursday, April 25, 2013

Sticking the tail on the donkey, where to mine open cast and is it safer than fracking to sellafield?




1) should the welsh valleys be open cast mined given that they are full of swiss cheese type tunnels and therefore potentially unsafe for explosives required in open cast mines?

2) Should WEST of Swansea be open cast mined given that it is a wildlife sanctuary and the coast line could develop coastal tidal bores like the Severn Estuary

3) Should Powys be coal mined with better extraction routes via the heart of wales or new underground Hereford- Aberystwyth Rail Line (the swisss can do this so why not the welsh)?

4) What about Flintshire and the county palatine?



Questions 1-4 repeated and adapted to NW and Yorkshire, risking geological stability surrounding nuclear facilities.

A critique of the welby speech to the Bible Society 22/04/2013




As reported on the Christian and mainstream media, the new Archbishop of Canterbury, who sits on the parliamentary banking committee, made a speech outlining his thinking on the issue as they prepare to report.



1) That the UK leaving aside the panacea of Quantitive Easing, is in a ‘ kind of depression’ and that each banking crisis requires further analysis as previous ones of this magnitude required things big to be done.

2) That the banking system is too big and that regional lenders are needed to kickstart the economy in the regions and nations of the UK. I observe that this has some difficulties in the current format as previous attempts to do this with mutual / building societies saw them just over expand or not have the capital base to deliver schemes such as local rail partnerships ( ie more passing loops on rail lines that allow for more frequent services)

3) That this requires both OBR (budget responsibility) and prudential conduct authority regulation and liason to draw up the guidelines for said regional bank

4) That this does not negate from the need for a bad bank to absorb the Quantitive easing debts that will never be repaid if the good banks are to be sold off back into private ownership



So which banks should be regionalised?



Gut instinct.



Lloyds / RBS already have the regional base but need further investment and structuring in England.



Finally:



Given the commercial nature of Scottish banks ( and in Scotland the separate legal jurisdiction), will the Scotttish and Welsh governments get devolved investment banks?