PM Cameron, “ Red ” Ed Miliband , to Illsley = GO

Guardian: Reports that Coalition PM David Cameron and Labour Leader Ed Miliband have called on Eric Illsley to resign his seat in the House of Commons. After the expenses scandal it is in the interest of both major political partiers to finish off those MPs found guilty of fraud and to do it quick, it would be a scandal if Mr Illsley was to get under 12 months in jail and then come out and still be an MP. Thus the House of Commons has to throw one of its own to the wolves and fast, this time the Chamber cant be gracious to a colleague, it has think about the reputation of Parliament, one could ask if Mr Illsley should not lose his pension for his actions in this case.

Portugal the NEXT TO FALL - Bailout Culture

Telegraph: Reports on a split in the leadership of the Portuguese Bank of England, it seems that Portugal will need a EU/IMF bailout after all the protestations of Portugal. Thus we have had Greece, Ireland now Portugal within a short period, who next, of course Spain. If Spain falls expect the political elites to really wake up or face real protests in the streets, the PIGS of the Euro cant live in the Euro currency. If the EU currency is to breath its needs to cut its weaker members, for the benefit of France and Germany and for these PIGS. The political elites have been conned, and they don’t have the guts to admit that Euro does not work when it covers such a big area, if Spain falls then it could make the Great Depression look like happy hour.

MP Admits Guilt - Fraud

BBC News: Reports that MP Eric Illsley is under pressure to resign his Seat in the House of Commons after admitting fraud. Thus far its has not been good for the Labour Party when it comes to the UK Courts, one MP was thrown out of the House of Commons for telling lies about his opponent in the 2010 General Election and now a 2nd Labour MP although suspended by the Labour has admitted his fraud when it comes to his expenses. It is a loophole in the UK system that if Eric Illsley gets less that 12 months he could stay as an MP, thus the pressure will start for Mr Illsley to resign. Thus the Coalition Government will have a 2nd by election, but this is a matter of form, the seat of Mr Illsley is safe Labour. What should worry “ Red ” Ed Miliband is the prospect that the Coalition could get its act together and have one candidate, also that the candidate could cut down the Labour majority. There is more fun folks, there other cases on the horizon, thus will also effect Labour and the Conservative Party.