THis page was last edited at 1632 GMT London Thursday 14 August 2008:
By©Muhammad Haque 1615 GMT London Thursday 14 August 2008:
KHOODEELAAR! told you so!
That the 'world class city' hype that the couriers and peddlers of Big Business CRASSrail hole plot got used to uttering and mouthing in the weeks and months when Ken Livingstone was involved in getting Gordon Brown to act imprudently in making the ill-advised utterances of committing £Billions of public money to CRASSrail...” would come back to haunt the perpetrators, has now been coming back to haunt Gordon Brown quite comprehensibly..... Today’s confession by the fabricating London Evening ‘nostandards’ Standard is the latest in a series of over 100 separate confessions that have been made by a wide variety of sources and parties all with relevance to the CROSSRAIL hole project and its acceptability and legitimacy. . We are still of the view that more evidence will emerge to even more totally discredit every single one of the decision-makers that has bragged of CRASSrail as the symbol; of the ‘WORLD CLASS STATUS OF THE CITY OF LONDON’’. KHOODEELAAR! advice to Gordon Brown - SCRAP CRASSrail and spare yourself some measures of extra headache and discredit... [To be continued]
33rd year AADHIKAR
0225 GMT Thursday 06 June 2013
AADHIKAR Media Foundation Editor © Muhammad Haque
Founding News Editor
Shah M Azizul Haque
AADHIKAR Media Foundation established with the publication of AADHIKAR the weekly on Monday 19 December 1980 from London E1 UK.
Thursday, August 14, 2008
Big Business-prompted CROSSRAIL hole plot-promoting London E Standard confesses again: There's a world class crassness about
This page was last edited at 1600 GMT London Thursday 14 August 2008
FROM the web site of the London EVENING nostandards STANDARD
http://www.thisislondon.co.uk/standard/article-23532636-details/New+recession+threat+to+Britain+as+euro+zone+goes+into+a+downturn/article.do
":
14.08.08
Fears that Britain will be hit by recession grew today after it emerged Europe's economy has shrunk for the first time in more than a decade.
Germany's economy suffered the biggest blow, contracting 0.5 per cent in the three months to June. GDP in France and Italy was down 0.3 per cent.
The 15 eurozone economies shrank 0.2 per cent as a whole, the first fall since 1995. For the EU's 27 nations, including Britain, GDP was down 0.1 per cent.
The figures come 24 hours after Bank of England governor Mervyn King made it clear Britain could be heading for recession.
Today, Vince Cable, Liberal Democrat Treasury spokesman, said: "These figures increase the likelihood Britain's slow growth will turn into recession, since the eurozone is our biggest trading partner. The only positive is that the slowdown in the western world is taking pressure off oil prices."
The figures from Eurostat showed Germany was on the brink of a recession, which is officially two consecutive periods of economic decline.
The European downturn was largely driven by a decline in exports and consumer spending. Economists were gloomy about the possibility it would be short-lived. "One cannot talk about a soft landing of the eurozone," said Joerg Kraemer, chief economist at Commerzbank AG in Frankfurt.
"This is a cyclical downturn, which tends to be a long haul." Inflation in Britain, at 4.4 per cent, was higher than the European average of four per cent. The pound also fell against the dollar and the euro after the Bank of England's inflation report.
Shadow Treasury minister Philip Hammond said: "Even with this bad news from the eurozone, international investors have lost confidence in the UK and the pound has fallen against the euro. This is one reason why inflation is now higher in the UK than the euro zone. Gordon Brown's economic incompetence is hitting families in the pocket."
London business leaders today urged Chancellor Alistair Darling not to dither over acting to prop up Britain's economy. They called on him to support the property market after the fiasco over a possible stamp duty "holiday", which estate agents say has hit house sales.
The Chancellor should also be ready to extend the £50 billion special liquidity scheme for banks and building societies, said the business leaders.
John Dickie, director of strategy and policy at London First, said: "The capital is the engine of the UK economy. Action is needed now to keep the engine running." He said ministers should press on with infrastructure schemes including Tube renewal, the East London Line extension and Crossrail.
The business group backed the idea of town halls buying out existing mortgages from homeowners who could no longer pay their bills.
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FROM the web site of the London EVENING nostandards STANDARD
http://www.thisislondon.co.uk/standard/article-23532636-details/New+recession+threat+to+Britain+as+euro+zone+goes+into+a+downturn/article.do
":
14.08.08
Fears that Britain will be hit by recession grew today after it emerged Europe's economy has shrunk for the first time in more than a decade.
Germany's economy suffered the biggest blow, contracting 0.5 per cent in the three months to June. GDP in France and Italy was down 0.3 per cent.
The 15 eurozone economies shrank 0.2 per cent as a whole, the first fall since 1995. For the EU's 27 nations, including Britain, GDP was down 0.1 per cent.
The figures come 24 hours after Bank of England governor Mervyn King made it clear Britain could be heading for recession.
Today, Vince Cable, Liberal Democrat Treasury spokesman, said: "These figures increase the likelihood Britain's slow growth will turn into recession, since the eurozone is our biggest trading partner. The only positive is that the slowdown in the western world is taking pressure off oil prices."
The figures from Eurostat showed Germany was on the brink of a recession, which is officially two consecutive periods of economic decline.
The European downturn was largely driven by a decline in exports and consumer spending. Economists were gloomy about the possibility it would be short-lived. "One cannot talk about a soft landing of the eurozone," said Joerg Kraemer, chief economist at Commerzbank AG in Frankfurt.
"This is a cyclical downturn, which tends to be a long haul." Inflation in Britain, at 4.4 per cent, was higher than the European average of four per cent. The pound also fell against the dollar and the euro after the Bank of England's inflation report.
Shadow Treasury minister Philip Hammond said: "Even with this bad news from the eurozone, international investors have lost confidence in the UK and the pound has fallen against the euro. This is one reason why inflation is now higher in the UK than the euro zone. Gordon Brown's economic incompetence is hitting families in the pocket."
London business leaders today urged Chancellor Alistair Darling not to dither over acting to prop up Britain's economy. They called on him to support the property market after the fiasco over a possible stamp duty "holiday", which estate agents say has hit house sales.
The Chancellor should also be ready to extend the £50 billion special liquidity scheme for banks and building societies, said the business leaders.
John Dickie, director of strategy and policy at London First, said: "The capital is the engine of the UK economy. Action is needed now to keep the engine running." He said ministers should press on with infrastructure schemes including Tube renewal, the East London Line extension and Crossrail.
The business group backed the idea of town halls buying out existing mortgages from homeowners who could no longer pay their bills.
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CRASS Crossrail hole scam may be unsale-able even by its over greedy peddlers bent on looting the public purse under ‘CROSSRAIL’ building excuse
This page was last edited at 0830 GMT London Thursday 14 August 2008
CRASS Crossrail hole scam may be unsale-able even by its over greedy peddlers bent on looting the public purse under ‘CROSSRAIL’ building excuse
AADHIKARonline in association with KHOODEELAAR! No to Crossrail hole scam CAMPAIGN quoting from the Times newspaper London web site
"
From Times Online
August 13, 2008
Cost fears for Olympic building plans
Raw materials and labour costs have risen by 12% in the last year, according to a study carried out by RICS
Angela Jameson, Industrial correspondent
Major transport improvements and developments tied into the 2012 Olympics could be under threat because of soaring building costs, according to new figures from the Royal Institution of Chartered Surveyors (RICS).
The surveyors’ latest snapshot of building costs said civil engineering costs had risen by more than 12 per cent in the first half of 2008 and are forecast to climb a further 12 per cent in the next year.
Higher material and fuel prices have been the biggest factor behind the soaring costs of building. Cement prices have risen by 11 per cent in the past year, while coated macadam and bitumen products have risen by 13 per cent and steel piling by 9 per cent.
Meanwhile, a 45 per cent increase in the cost of gas oil and a 20 per cent increase in diesel have also had a dramatic impact on construction costs.
RELATED LINKS
Construction: Building concerns
Surveyors' mood gloomiest in nearly 30 years
London faces glut of unlet office space
The soaring costs mean that major infrastructure and transport projects, which are largely funded by the public purse, could be put on the back burner or even cancelled.
Joe Martin, director of the RICS’s Building Cost Information Service, said: “The industry is facing the possibility of a serious threat caused by a combination of rising costs and the economic downturn, that could result in delays and, at worst, cancellation of some of these schemes.”
“No-one predicted inflation at these levels and some projects may have to be scaled back,” Mr Martin said. He suggested that proposed motorway widening schemes may be scaled back in favour of using the hard shoulder as an extra lane, to save public money.
“There are already arguments about who will pay for major infrastructure work such as Crossrail and those debates are likely to increase as budgets climb,” Mr Martin said.
Soaring prices could be disastrous for the entire construction sector as public sector construction work has provided one of the few areas of growth in the sector, since the severe slowdown in housebuilding triggered by the credit crunch.
While construction activity has been falling overall, overall output from infrastructure is expected to grow by 9 per cent this year, and 7 per cent next year.
HAVE YOUR SAY
Here we go. Get the excuses in early, for the £20 billion games.
ronnie, bucks, UK
"
CRASS Crossrail hole scam may be unsale-able even by its over greedy peddlers bent on looting the public purse under ‘CROSSRAIL’ building excuse
AADHIKARonline in association with KHOODEELAAR! No to Crossrail hole scam CAMPAIGN quoting from the Times newspaper London web site
"
From Times Online
August 13, 2008
Cost fears for Olympic building plans
Raw materials and labour costs have risen by 12% in the last year, according to a study carried out by RICS
Angela Jameson, Industrial correspondent
Major transport improvements and developments tied into the 2012 Olympics could be under threat because of soaring building costs, according to new figures from the Royal Institution of Chartered Surveyors (RICS).
The surveyors’ latest snapshot of building costs said civil engineering costs had risen by more than 12 per cent in the first half of 2008 and are forecast to climb a further 12 per cent in the next year.
Higher material and fuel prices have been the biggest factor behind the soaring costs of building. Cement prices have risen by 11 per cent in the past year, while coated macadam and bitumen products have risen by 13 per cent and steel piling by 9 per cent.
Meanwhile, a 45 per cent increase in the cost of gas oil and a 20 per cent increase in diesel have also had a dramatic impact on construction costs.
RELATED LINKS
Construction: Building concerns
Surveyors' mood gloomiest in nearly 30 years
London faces glut of unlet office space
The soaring costs mean that major infrastructure and transport projects, which are largely funded by the public purse, could be put on the back burner or even cancelled.
Joe Martin, director of the RICS’s Building Cost Information Service, said: “The industry is facing the possibility of a serious threat caused by a combination of rising costs and the economic downturn, that could result in delays and, at worst, cancellation of some of these schemes.”
“No-one predicted inflation at these levels and some projects may have to be scaled back,” Mr Martin said. He suggested that proposed motorway widening schemes may be scaled back in favour of using the hard shoulder as an extra lane, to save public money.
“There are already arguments about who will pay for major infrastructure work such as Crossrail and those debates are likely to increase as budgets climb,” Mr Martin said.
Soaring prices could be disastrous for the entire construction sector as public sector construction work has provided one of the few areas of growth in the sector, since the severe slowdown in housebuilding triggered by the credit crunch.
While construction activity has been falling overall, overall output from infrastructure is expected to grow by 9 per cent this year, and 7 per cent next year.
HAVE YOUR SAY
Here we go. Get the excuses in early, for the £20 billion games.
ronnie, bucks, UK
"