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Listed below are comments made by UKGovInept between Tuesday, 20th January 2009 and Thursday, 8th October 2009.

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An update on Kaupthing. 02:15am on 08 Oct 2009 This is the first aniversary of Alistair Darling's destruction of my family and many many others.

The past year has seen us being lied to by the UK Government, ignored by the UK Government and deserted by the UK Government.

When Alistair Darling originally triggered the calamity we contacted the Government with the following points;

1. We had been forced to use an offshore bank as, without a UK address, we couldn't open or maintain a UK bank account. To do so would have meant having to travel back to the UK and present ourselves physically to the branch (how you do that with Cahoot etc still puzzles me). It was 2007 'Know your Customer' legislation that created this disaster-waiting-to-happen scenario; again, denied by this dreadful Government.

2. The UK FSA had persuaded the IoM bank to put £550Million in the London bank Alistair Darling destroyed in the first place!

3. To rectify the problem he had caused, Darling simply had to instruct the liquidator or return the £550Million using powers he had bestowed on himself when he forced the London Kaupthing HF into liquidation.

Initially all three points were ignored. One MP - Mary Creagh - quickly recognised the problem and had the guts to stand in Parliament and put the points to the Government. Ian Pearson responded by denying any problem and stated that there was no reason British citizens had to use offshore banks, even without a UK address.

The other two points were ignored.

As the days turned into weeks and the weeks into months, every single day has been a soul destroying nightmare. The Government, using Sarah McCarthy-Fry now as its lackey, has very quietly now started to admit the difficulty in maintaining a UK bank account without a Uk address. They quietly instructed the UK banking authority to put a notice about this on its website - while STILL ignoring the catastrophy they had triggered.

For many, myself included, it is too late for any 'rescue'. The life changing (indeed, life destroying) damage has been done. However, I personally will not cease my fight to get what Alistair Darling did known by as many as possible. I still write 10-20 emails & letters day, using what pennies I can now scrape together, to MP's (who themselves have generally shown what incompetent fools they are) and to members of the 2008 G20 summit pointing out the deception that this Government has woven.

On the 8th of October 2008, this UK Government proved they incompetency in running a decent honest Country and since then they have shown just how they have no concern about how their actions affect honest hard working people. They have called me a Tax Dodger and questioned my honesty in pointing out what happened and it is simply a disgrace.

A year of shame for UK politics as a whole. The full details can be seen on www.theukgovernment.com (which is now, according to Google Analytics, attacting upto 6000 hits a month worldwide - mostly due to 'viral' emails).
An update on Kaupthing. 09:31am on 21 Sep 2009 Nearly a year on and the UK Government are well and truely mired in shame and grime. After Ian Pearson's lying to Parliament on the 20th of Nov 2008 (when he said there was no reason any British Citizen had to bank offshore) we have McCarthy-Fry (the lastest Treasury apologist) quietly sending letters to MP's saying that indeed it IS difficult to have a UK Bank account with no onshore address after all!!!

After a year, families have fallen apart and many many pensioners are still in a desperate situation after seeing all glimmers of hope fade. Darling has repaid his millionaire mates (Dave Whelan), popular (IE. Vote winning) charities and select public companies while the Treasury keep spouting the line that he has not got the power to do anything (even though he caused the disaster in the first place).

MP's have turned their backs on constituents affected, after seeing no possibility of winning more votes by helping, and still the Darling-created nightmare go on. Take a look at http://www.theukgovernment.com fo the miserable details.

This is not a simple 'lets blame the Government', this was caused wholly by the actions of Alistair Darling and the citizens of the UK are letting him get away with it. Appauling.
A twist in the expat tale. 8:28pm on 11 Feb 2009 The end.
A twist in the expat tale. 01:07am on 02 Feb 2009 Did we have a choice in using offshore banks?

This is what Ian Pearson MP says:-
On the question whether depositors in the Isle of Man or Guernsey had any choice in the matter of opening offshore accounts, or whether non-UK residents are forced to open accounts offshore, I can confirm that this is not the case. There is no legal bar under UK financial services regulation that would prevent a non-UK resident from opening a new bank account here. When an account is opened remotely, more onerous anti-money laundering checks are, quite properly, required because of the increased risks involved. This might well be a factor in the willingness of some UK banks to offer new accounts to non-residents. However, this would not be a burden for customers who move offshore but wish to retain existing accounts.

Mr Pearson is being, lets say, economical with the actuality. He is factually wrong saying that moving abroad and keep an account is ok; I had mine forcibly closed with cheques sent through the post to me. And by saying that there is no legal bar to prevent someone abroad opening an account he is totally evading the real answer. Which is that I COULD NOT OPEN AN ONSHORE ACCOUNT. NO UK MAINLAND BANK WOULD LET ME OPEN AN ACCOUNT
WITHOUT A UK MAINLAND ADDRESS.
An update on Kaupthing. 9:14pm on 30 Jan 2009 As time drags on and the dark clouds of a deeply setting in depression starts to really take it's toll (aching joints, a feeling of disappointment whenever waking up, guilt in failing my family, chronic lethargy etc...) we really see the cost of this Gordon Brown Labour Government and the real worth of the organisations that are in place to supposedly regulate an industry that deals with money.

As the deafening silence from 10 & 11 Downing street, coupled with the damaging lies told to Parliament (by Ian Pearson on the 6th Nov - that depositors in offshore banks could have used onshore banks. I repeat, not without a UK mainland address could an onshore account be opened) and the inexplicable actions of Darling in taking away our everything and refusing to give it back (which was the root cause of ALL of this), really starts to bite, the long term damage starts to eat at your very soul.

The IoM government (the Tynwald) is now even trying to use the dreadful tactic of divide and conquer by dangling the bait of promising to pay the people with lower exposure their full money while ignoring the many who have lost everything. Almost daily, we hear of dodgy schemes by law firms (AlixPartners for one) which are designed more to enrich the firm's shareholders rather than the depositors. 'DCS', 'SoA', Pre-Payment etc... All cleverly designed to make it seem the IoM is in control and all is well, but the horrible truth is that the Isle of Man government (and so call Financial regulators) have not got a clue what to do. And all the time the clock ticks and lives continue to be irreparably damaged.

The UK Treasury, the Opposition parties, UK media? Where are they all? Why are they not supporting us? Simple truth is that we are seen as 'Tax Dodgers' by using IoM banks and therefore we deserve what we get. I can only say that is simply not true; I was forced to use an Isle of Man bank as no UK bank would let me open a bank account after Cahoot & Natwest etc forcibly closed my accounts because i no longer had a UK Mainland address. To say i am disappointed in the UK Parliament is a chronic understatement; bewildered that MP's can be so cruel to the very people they are supposed to represent is more the feeling i have; I still cant believe that my MP, Andrew Turner, should ignore all the correspondence I sent him only to send a political Christmas Card saying ‘Happy Christmas’ – that is the sort of MP the UK has and it is pathetic.
An update on Kaupthing. 10:17am on 28 Jan 2009 Wandering the streets, missing family, thinking about what has happened, crying sometimes. But most of all, trying to work out why Ian Pearson MP said what he said (the lies said in Parliament about non-domiciles having no reason to use offshore banks, on 6th November), why Hector Sants (FSC) made his seemingly stupid comments about sueing IFA's and why the wall of silence from the perpertrators - Brown and Darling.

Then it hit me! Brown wants the Isle of Man. He wants the Isle of Man to be another Shire; part of England Scotland Wales and Northern Ireland!! It makes total sense. If the depositors do not get full uninhibited access to 100% of their money very soon, banking in the IoM will collapse; already Ex-pats and other non-doms are starting to make hasty withdrawls. However, the IoM only has 80,000 people living there and that means it is impossible for the IoM Government - Tynwald - to give 100% guarantees to prop up the banking sector. Either Tynwald goes cap in hand to the UK Government, which will then demand the IoM becomes a full signed up member of the UK. Or IoM falls into poverty as banking there collapses.

Very crafty Mr Gordon Brown. And absolutely despicable; there are other ways to try and show you are better than Blair than to wreck lives while scoring political points. To Pearson, Darling, Sants and the rest; shame on you for bowing to Brown. Or did he offer you guys a peerage or maybe even a knighthood? Brown is dragging the UK through the gutter and all because he still feels inferior to Mr Blair. How sad.
An update on Kaupthing. 7:49pm on 23 Jan 2009 Question for the UK Government. Why is Mr Darling not replying to the hundreds of letters he is receiving from MP's?

No-one can even start to plan how to get the thousands of desperate (in some cases, now destitute) people affected their money back until the UK Government gives back the £570Million it is has taken from the bank they banked with. Thousand of British lives and STILL this Labour Government treats them with contempt and nastyness.

Almost every single MP in Parliament has now written (in some cases many times) to Alistair Darling asking for some clarification on the matter so that they can, in turn, reply to the thousands of email/letters/faxes they have received from those affected and their family/friends. Not one single MP has had any reply from Darling. Why is that? What is Darling hiding? People are suffering. Yet still a stony silence from a tainted Labour Government. Not to even reply to correspondence from MP's is unheard of in UK Politics and starts to raise very serious questions about this Labour Administration that only history is going to be able to answer. Labour have let a lot of British people down very badly; and the voting British will not forget.
A twist in the expat tale. 7:38pm on 23 Jan 2009 The UK Government are really starting to look farcical. Shabbily is not a strong enough word to describe just how the UK Government is dealing with this. There are over 8000 desperate people affected, some on the streets, some having to borow to pay or day to day living, some just giving up.

Absolutley NOTHING can start being done to get their monies returned until the UK Government stop hiding and releases the £570Million it is frozen. That money belongs to the depositors of Kaupthing Isle of Man. Although we hear bluster of schemes from solicitors, lawers and other parties trying to make a quick heartless buck from us and the IoM Government, who are in this way over their head, and it shows, the plain fact remains that no-one can even start to look at how to get the sufferers monie back to them until the UK Government (IE. The Labour Party, led by Gordon Brown and with Alistair Darling as the Chancellor) gives the money back.

However, not only will the UK Government NOT give our hard earned money back they wont even reply to their OWN MP'S!!! As you can imagine, every single one of the people affected (and in some cases their family and friends as well) has been writing constantly to their MP's - or any/all MP's in some cases. However, in the responses and replies being read their is a single theme. Not one MP has received a reply from Alistair Darling OR Gordon Brown!!!! Nearly 4 months into this tragedy, which was created by the actions and comments eminating from Alistair Darling, and not one MP has had a reply to the literally hundreds of letters Alistair Darling will have received now. WHY??? What is the Chancellor hiding? Why is he not answering ANY letters MP's have sent him? These are not letters from the public, these are letters from his own collegues - across ALL PARTIES - in Parliament. Why is he not replying?
An update on Kaupthing. 01:52am on 20 Jan 2009 I really did respect the IoM Government for at least trying to do something. However, the £1000 joke (if you - as i am - are in real hardship due to this fiasco, then £1000 after 3 months - nearly 2 on the streets now - is more like a stage farce than real help!) coupled with the actual facts starting to come from the depositors digging is starting to ring very loud alarm bells. It seems that every single other financial centre in the world is ensuring individuals are protected (yes, in the UK Governments case by robbing Peter to pay Paul - but Brown and Darling have already proven their cracking dishonesty anyway) EXCEPT the Isle of Man. If i had money on the Isle of Man - with ANY bank - i would be seriously concerned about its safety. If there is a run on the IoM banks then the IoM WILL collapse. Seems strange that the IoM Government is doing nothing to bolster confidence in IoM banks whatsover!!
The latest depositors Press Release starts to ask some very serious questions! And all the time, thousands of British peoples health deteriorates due to this. Just because the UK Government are in denial it doesnt mean it isn't happening; i am damn proof of that as are thousands of other hard-working, tax paying, innocent Brits. Just remember, many of us didnt want to bank 'offshore' anyway but were forced to by ill thoughtout and flawed UK 'ANTI'-terrorist legislation. Mr Bin Laden must be laughing all the way to his cave!

PRESS RELEASE 18 JANUARY 2009

Who knew what when?
Who did what when?
Who can do something now?

Simple questions but complicated answers it seems…at least when Kaupthing Singer and Friedlander (Isle of Man) KSFIOM is the subject of the conversation.

Three months on and these simple questions have yet to be answered.

British and Irish Governments have been keen to protect their financial services sectors, recognising the crucial role they will play in the road to recovery from the recession we find ourselves in.

But where is the IOM Government in all this?

A few basic statistics should make the answer very simple for them (1):

80,058 people live on the Isle of Man
41,793 are economically active
Insurance, banking, finance and business services are the biggest employers on the island employing 20% of all men in employment and 27% of all women in employment.
There is over £50billion on deposit on the island.

When a local bank loses its licence due to the actions of the UK Government, the IOM Government, the FSC, the FSA and the local directors of the bank you would think that direct action would be taken to rectify the situation as soon as possible….not in this case.

The only people currently paying for this are the 10,800 unfortunate depositors.

Other Governments have been quick and decisive in responding to their banks in crisis, guaranteeing deposits and ensuring ongoing protection for the industry sector.

In contrast, the IOM Government still can’t decide how its own Depositors Compensation Scheme might work. Good job that wasn’t evident in May 2008 when the island’s status as Best International Finance Centre was announced.(2) At the time it was noted that the judges cited its "transparent and flexible regulation" as a key factor.

Transparent and flexible may not be two adjectives depositors would use to describe a regime that procrastinates in times of crisis and fails to act to save its reputation, its depositors or even the local islanders’ livelihoods.

There is a hole of £550m to fill – massive, unthinkable in the old world of just a few months ago, but today when compared to the current UK Government’s second tranche payment it looks more like pocket money.

This outlay would be the equivalent of £6,870 per islander and this may sound a lot but think of it this way….

Compared with the estimated £33,000 per taxpayer (3) that Gordon Brown’s latest scheme is costing UK taxpayers, is £6,870 so much to pay to save a reputation and economy that stands on the brink of permanent disaster?

While the UK is committing more than two-thirds of its annual GDP to preserve employment in this sector, such a move would cost the IOM just half of its GDP. And since this represents the maximum loan required, if one assumes that at least half of the £550m will be returned from KSFUK, the figure reduces to just 25%.

If that’s what it takes to preserve this key IOM employment sector one has to say to Alan Bell and the rest of the IOM government ministers wrestling with this crisis - is this so much to ask?

The message to the IoM politicians is clear…..do the right thing for islanders’ jobs and depositors’ money. Preserve the economy of the IOM and loan KSFIOM the money it needs to repay depositors in full. The alternative is unthinkable for all.

Then the Best International Finance Sector can get back to what it does best.
And 10,000+ people can get on with their lives.

(1) 2008 Digest of Economic and Social Statistics, Economic Affairs Division, Isle of Man Treasury
(2) Daily Telegraph 9 July 2008
(3) Daily Telegraph 16 January 2009
An update on Kaupthing. 01:35am on 20 Jan 2009 Ha! Sorry all was testing the blog.

Sometimes you will get a "Your comment contains some HTML that has been mistyped. Data at the root level is invalid on line 1" error. This is because you have put in an ampersand ("&").

Do not use ampersands in blg text.

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