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Giant Squid Man Moves Into Treasury

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http://www.theguardian.com/uk-news/2015/may/14/jim-oneill-gains-peerage-and-ministerial-role-in-treasury-team

Jim O’Neill, the former Goldman Sachs chief economist who coined the phrase “Brics”, has been handed a Conservative peerage and a ministerial appointment in George Osborne’s new Treasury team.

Speaking in Manchester as he launched the latest phase of his “Northern Powerhouse” initiative, the chancellor said that O’Neill, who will be made a Conservative life peer, would be given special responsibility for driving forward devolution to cities outside London under the title of commercial secretary.

“Right in the heart of government, in the department that historically fought tooth and nail to stop giving up power, we have a brilliant new minister to help make devolution and the Northern Powerhouse happen,” the chancellor said.

Just what we need another Giant Squid employee, one at the central bank now another at the Treasury.

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Just curious as to why it is called the "Giant Squid"?

Attached to the face of the world/humanity, sucking out the wealth.

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“Right in the heart of government, in the department that historically fought tooth and nail to stop giving up power, we have a brilliant new minister to help make devolution and the Northern Powerhouse happen,” the chancellor said.

They still don't want to give up power that's why they have the Giant Squid representative everywhere - to ensure that there isn't a slip up as the so called "devolution" to cities proceeds and to ensure that there's plenty of scope for them to get into debt and likely off balance sheet stuff if necessary.

"Let me issue and control a nation's money and I care not who writes the laws."

Edited by billybong

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Give it a few years after any UK city's "devolution" and they'll be calling on the skills of Mr Varoufakis the Finance Minister of Greece to get them out of the hole that'll have been created for them.

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Perhaps it is the next step on the way to Jim becoming Governor of the Bank.

Just sayin.....

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Give it a few years after any UK city's "devolution" and they'll be calling on the skills of Mr Varoufakis the Finance Minister of Greece to get them out of the hole that'll have been created for them.

Before that there will be some lovely DEBT to sell, nothing like having an inside track.

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