Tighten your belts; just about all the big newspapers are reporting today that the final bill to British taxpayers for President Blair's cave-in on the EU budget is about £20 billion more than was announced at the time. This is a truly stupefying sum. The additional amount conceded by Mr. Blair last December is £7 billion, is equivalent to the total police budget for England and Wales. The United Kingdom's annual gross contribution to Brussels, £12 billion, is equivalent to the combined revenue raised by inheritance tax, capital gains tax and stamp duty. We are, in short, paying in an awesome amount of money and add this to the news today that two million people owe more than £10,000 on their credit cards and you have a financial elephant in the living room which can’t be ignored.
I’m off to the Isle of Wight and Southampton today for the second attempt to fly a banner over the St Mary’s Stadium, this time for the Saints game against Millwall at 3pm. We have to be over the top at exactly 15:05 with a message asking Southampton chairman, Rupert Lowe to resign. There’s a huge amount of pressure from the fans to make it happen today; the last attempt was aborted because of high winds and I’ll take some video shots of the stadium from above to share with you if all goes well.