Our 5 priorities for the NATO Summit Wales 2014 – Publications – GOV.UK

English: North Atlantic Treaty Organization in...

English: North Atlantic Treaty Organization in orthographic projection. (Photo credit: Wikipedia)

Here’s the official agenda for the NATO Summit in Wales this weekend.

via Our 5 priorities for the NATO Summit Wales 2014 – Publications – GOV.UK.

Personally, I still worry about the agenda of the defense industry. NATO has a huge budget but based on Ukraine, it’s not much of a deterrent. It’s still very much controlled from the US but with Obama‘s weak leadership, I am concerned that the tail may be wagging the dog?

Another factor, of course, is that many European countries are not paying a full whack into the NATO budget.

Here’s an open question:

 Is it time to reform NATO?



Opinion: Mortgage debt threatens overstretched UK households-FT.com-John Gelmini


Investment (Photo credit: LendingMemo)


The article Dr Alf refers to talks about “overstretched ” households.


Most mortgage debt is going to professional buy-to-let landlords who are not in this category and to ordinary people entering the game who are sick and tired of poor interest rates but lack the knowledge to make sensible returns on the stock-market, fine art, gold or other more exotic investments.


David Cameron’s and George Osborne’s policies are based on creating a consumer led recovery until 2015 and Alex Salmond losing his independence referendum.


If Salmond wins the referendum then, of course, our obligations to the Scots under the Barnett Formula would cease, leaving England and Wales very much better off.


What the policies SHOULD be are, as Dr Alf hints at,very different:


–Rebalancing the economy into high tech manufacturing
–More enterprise creation
–More exports
–More foreign inward investment
–Lower corporation taxes and an amnesty to get the trillions held offshore back onshore and invested in job creating activity
–Cutting the public sector down to size
Investing in those parts of the economy which show growth and promise and clearing out through outsourcing and automation all the rest
–Improving worker productivity,skills and language capability
–Ending rewards for failure
–Improving the health of the nation through better healthcare,education and variable taxes on foods


John Gelmini



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