Debt Resistance UK

Campaign to educate, agitate, eradicate illegitimate debt & burden debt plays in our lives. Organising for citizen-led UK localgov debt audit.

[Debt Resistance UK @DebtResistUK]

@AaronBastani Also see “statutory over-rides” which for eg keep certain liabilities like SEND overspending & certain financial liabilities off council & central gov balance sheets https://t.co/lezynAJQoc

[Clive Lewis MP @labourlewis]

3/12
Moody’s, a leading credit ratings agency, confirmed that compensation lies within Parliament’s discretion. The European Court of Human Rights also supports this:

[Clive Lewis MP @labourlewis]

The cost of compensation is often cited as the main barrier to bringing water companies back into public ownership, with claims it could cost £90bn.
But this argument is built on major legal economic errors. Let’s break it down 🧵
1/12

[Debt Resistance UK @DebtResistUK]

@jonkennedygray @MarinaPurkiss @Keir_Starmer This could be done en masse via a dedicated escrow account. Paying into but withholding citizens PAYE & VAT taxes from government, until arms sales contributing to a genocide cease.

[Ian Fraser @Ian_Fraser]

The lobbying continues.

FYI: last year, JP Morgan paid its chief executive Jamie Dimon $36 million.

[Martin Lewis @MartinSLewis]

Today's Twitter Poll: From what you know do you feel you're financially better or worse off than your parents were at your age?

(PS the key word is FEEL, 'better off' is up to you to define)

[Cold War Steve @coldwarsteve]

New limited edition art prints
👇👇👇
https://t.co/2Z0naNYLHV

[Jim Pickard 🐋 @PickardJE]

- according to the @ons the generation most likely to receive inheritances are neither “Gen Z” nor Millennials

- the biggest cohort receiving inheritances are in their 50s and 60s and are v likely to already own their own home

[Ian Fraser @Ian_Fraser]

Keir Starmer’s closest aide, the softly-spoken and low-profile Irishman Morgan McSweeney, 46, plotted the Labour leader’s path to power but failed to disclose £730,000 in donations from venture capitalists and businessmen. #LabourTogether https://t.co/I3Lg63r5Of

[Ian Fraser @Ian_Fraser]

Infosys supplies the tech Israel uses for the surveillance of Palestinians and has Israeli entrepreneur Uri Levine—a former member of the IDF’s special intelligence unit 8200—as a director. Rishi Sunak is conflicted as his wife owns a £590m Infosys stake https://t.co/49knhrkxPP

[Grace Blakeley @graceblakeley]

Profits are driving inflation. Not wages.

[Debt Resistance UK @DebtResistUK]

@sjwrenlewis You mean Don Brash, the former Finance Officer for the New Zealand kiwi fruit growers association? A known hotbed of central bank policy expertise!

[Richard Murphy @RichardJMurphy]

Reeves and Starmer: maintainers of the status quo https://t.co/TThCAyHG7z How did Labour come to be led by two people so profoundly conservative, as Reeves and Starmer so very obviously are on any issue you can think of?

[BBC Scotland News @BBCScotlandNews]

'Vicious circle' for people pushed to wrong debt help
https://t.co/rOohaW39YN

[Peter Apps @PeteApps]

72 months, 72 victims, no prosecutions

How many more anniversaries before justice?

[Ian Fraser @Ian_Fraser]

Very serious allegations being made to NatWest chairman Howard Davies at the bank's AGM by @RNW_MITCHELL about the “misselling” of swaps and fixed-rate loans to business customers, and the surreptitious (or fraudulent) passing on of the associated credit risk.

[Disability News Service @johnpringdns]

A national advice charity signed a £21 million contract which included a “gagging clause” that prevented it bringing the Department for Work and Pensions “unfairly” into “disrepute”, an official document has finally confirmed.
#CitizensAdvice #DWP
https://t.co/uQJIDdewwH

[Ed Conway @EdConwaySky]

You’ll have seen a lot of charts in the past few weeks.
But this one REALLY matters.
The mortgage burden - the % we spend on our repayments - is heading for the highest level since the late 80s.
Last time it hit these levels it preceded the biggest housing crash in modern history

[Ian Fraser @Ian_Fraser]

China has reached the point of no return in its battle to contain what could be the biggest property crash the world has ever seen. https://t.co/PnLQFSduYC

[Mr Ethical 🚩 @nw_nicholas]

Just a blatant admission of corruption https://t.co/FLh6b7xdW7