I have been silent for a couple
of weeks owing to the rather depressing nature of things around the world. Whilst
some areas of the globe are actively engaged in violence and horrific death, elsewhere
there appears to be stagnation. Western leaders make forceful statements indicating
their displeasure at what is going on, but seem powerless to have any influence
whatsoever. Why does Mr Netanyahu not
listen to Mr Biden et al. in the United States? Why is Mr Sunak hesitating on not
supplying further weapons to the State of Israel?
According to UK defence export
statistics for 2022 published on 17th November 2023, by the
Department of UK Defence and Security Exports, the United Kingdom had sold, on
average, £4.5 Billion a year of defence exports to the Middle East alone, since
2017. That’s £22.5 bn in the last 5 years.
The same department claims that the United States has defence exports to
the rest of the world of over $200 bn in the last five years. Clearly wars make
money, and given a country’s requirements for funding its own welfare, business
and security, that amount of income is hard to turn away from. Just how much of
that trade stays in private hands or into the state coffers is another matter.
There is a hint of hypocrisy in
summoning Israeli ambassadors to account for the IDF’s current admitted
horrific mistake in killing British and international aid workers. What can
possibly rectify such an error? What sort of compensation can be made and who
will provide it? What is the point of the useless huffing and puffing of Foreign
Secretaries, Secretaries of State, Presidents and Prime Ministers? We are no
nearer a solution.
People have demonstrated throughout
the world as well as in Israel itself to stop the war, indeed to stop all wars;
yet, we have political stagnation. Our elected representatives seem unable to
act and carry out the will of the people. What is the problem? What planet are
we living on?
From what I see on YouTube and
other media, those American citizens about to vote in November, appear more
concerned with stopping immigration at the Mexican Border and giving support to
a justly indicted blowhard attempting to bully his way into the presidency. How
does he have the gall to say “There’s gonna be a bloodbath if I don’t get elected”?
What has happened to America? Why is he still not on trial? How can the
Judiciary allow such delay? For God’s sake America, get a grip!
As to the United Kingdom, the
current Prime Minister is on a treadmill to Rwanda, in the belief that by some
miracle his party’s inadequacy will disappear. He no longer sees the harm and
damage he is causing the country with his stagnating terminal government. It is
at the end of its tether. Why must we be dragged down with it? He scoffs when asked ‘when will there be an
election?’. Surely he must realise it’s what the people of this country desperately
want. Why is he being so obtuse?
The country’s economy is all over
the place. The saddest part is the poverty it is causing and the mendacity of
businesses and companies taking advantage of the situation to increase their
profits at the expense of the average citizen. Banker’s bonuses are no longer
open to scrutiny; water companies having caused major damage and pollution,
whilst pocketing huge dividends, now seek to increase prices to supposedly
invest in cleaning up their mess; insurance companies are now charging
exorbitant fees claiming increased risk owing to inflation.
In particular vehicle insurance
is going through the roof, so to speak. In order to have a vehicle on the road,
of any kind, there is a legal requirement that the driver be insured. This
gives insurance companies virtually carte blanche to charge what they like.
Owing to the increased expenditure now involved in settling the smallest claim,
the cost of comprehensive insurance has skyrocketed to extortionate levels. It
is as if the insurance companies are making drivers provide them with the full amount
of any claim they might make down the line so that all the company has to do is
settle the claim by giving the customer their own money back. They have become a
sort of saving banks for road users. Save up for your own compensation and if
you don’t make a claim, well thank you very much. The state is allowing
insurance companies to charge you for taking your money and reluctantly giving
some of it back and still pocketing the excess. That’s legally sponsored
extortion. Make a claim and your premiums go up and up.
How is that justified? That not only applies to vehicles, but to all
sorts of insurance. Is it any wonder that there are hundreds of insurance
companies and agents. Money for old rope comes to mind, and the law allows it.
Our house insurance has almost trebled
and a friend’s car insurance has risen to an astronomical £6000 for a year from
£1000 odd for the previous year, and he has made no claim during his time with
the insurance company.
The following is from the
Association of British Insurers website:
None of my circumstances have changed, my car
is one year older, and I’ve still not claimed. So why has my motor cover price
gone up?
We can
understand why it might be frustrating or distressing to see prices rising when
key factors such as your no-claims haven’t changed.
But recent
premium rises in motor insurance have been driven by a sharp rise in the cost
of claims, often at rates higher than inflation.
For example,
the cost of vehicle repairs jumped 32%, with the cost of paint increasing 16%,
spare parts up 11% and the cost of replacement cars increasing by 47%. These
have been largely driven by the price of energy. These factors impact heavily
what it costs to pay a claim for a theft or an accident. Paying claims for
those customers that suffer a loss is the key part of an insurance policy.
Your quoted
renewal price may also be impacted by reform in the way insurers price new and
existing customers. See the below question for more details here.
Finally, as
your price partly reflects the risks you face of having to claim in the future,
it may be that your local area has seen more traffic accidents or thefts
recently, which could mean your renewal quote is higher. Or it might be the
case that your insurer’s data suggests the make or model of your vehicle has
become riskier. Such factors are less likely to change quickly though, so
should only account for a part of any changes, compared to bigger factors like
inflation. There are also factors unrelated to risk to consider too, covered in
our final FAQ below.
What they are saying in effect is that the
customer pays the increases and the company’s profits are unaffected and consequently
go up as a percentage of the increase. Insurance companies never lose money.
They pay out on a claim and get it all back from the next set of premiums. Not
a bad wheeze. The flimflam they give you about risk is just that, flimflam.
So where are we now? Your average law abiding
citizen, going about their business ends up paying for everyone else’s bad
behaviour in an economic system that benefits the few. The gap between the
haves and have nots is widening. It is curious that migrants are fleeing
countries that are described by the likes of Mr Trump and his acolytes as shit-holes.
They seek to escape the crap that surrounds their lives. What appears to be
happening is that the isolationist policies (Brexit – America First and other
Nationalist right-wing thinking) is turning this country as well as the United States
into shit-holes, which no doubt will soon see refugees going the other way.
This current conservative government is doing everything it can to get us there.
The very fact that water companies were given a licence to print money without
any proper supervision has allowed them to dump crap all over the place. Stockholders have benefited for years from treating
this country like a toilet. Having fleeced the customers since privatisation, am
I wrong in claiming that they now want the average law abiding customers to pay
to clean up the mess?
Just what has Ofwat been doing? On the website
it states: …the website sets out how we will work with others for the
benefit of customers of water and wastewater services and wider society in
England and Wales both now and in the future.
So why have things got so bad people have to be warned not
to go in the water because it can kill you, or certainly make you very sick? The
web site also states:
Our strategy sets out our three strategic goals: To
transform water companies’ performance; to drive water companies to meet
long-term challenges through increased collaboration and partnerships; for
water companies to provide best value and outcomes for customers, communities
and the environment, now and in the future.
When does that start? Ofwat was formed on April 1st,
1989. I guess it was an appropriate date and they have been fooling us for the
last 35 years. Is it any wonder I find it difficult to sit down and write about
nice things, and not go off on a rant every 5 minutes. Enough for now and
perhaps more of this anon. I need to go to the loo.