Re: The scandal continues
Well the latest reports are that over 1000 people may have been prosecuted or threatened, so that would be a billion, so it would actually register, sorry.
It would register, but it's well into slush-fund money. UKGov has an annual spend of ~£1.2Tn - or £1,200Bn. They can easily find £1Bn for something like this.
Prior to the last GE, we got to watch the Tories insist that their Rwanda scheme1 was going happen, and then piss £400m up the wall not making it happen. That £400m was not budgeted, it was not funded. The Home Office just spent it, with the Treasury issuing the necessary gilts to make it happen. Because actually, you can print money and the BoE, ECB, BoJ and Federal Reserve do it all the time. As long as the amount you're printing is some small fraction of 1% of your overall spend, the markets don't care - so long as you're spending it on something worthwhile like infrastructure. Compensation is a bit iffy, but it's a one-off and the markets will be happy to see that money circulate into consumer spending.
A billion pounds is a great sum of money to you or I, and it's a noticeable sum to the government - but ultimately not a consequential one.
Google have just announced they're burning $75Bn2 on AI over the next few years. A billion is just not a significant number in multi-national or governmental accounting.
It is remarkable for instance how the government insists that it's very difficult to fund public transport. Yet there are many towns who would say "well, we could have put that Rwanda money to better use. £400m would have been transformative in Stoke-on-Trent, Bradford, Coventry or Bristol - and driven this growth they keep bleating on about.
1. Whatever your position on immigration may be, Rwanda was a circus show - and more fool those who fell for it. The Rwanda policy broke various laws - which the Home Secretary knew because they have in-house barristers who advised them it was so. Being a government with a working majority, they could have passed legislation to support their policy. Instead, they allowed themselves to be taken to court and lose, so that they could berate the judicial system in the press and paint judges as "enemies of the people" simply for... upholding the law (that was passed by a democratically-elected and sovereign Parliament) and not allowing the Government to simply make it up as they went along. It was just part of the culture wars, driven by unserious people. It was not a real policy to address any real issue. It was an extension of the Article 50 play where they knew full-well that Art.50 required an Act of Parliament (which Bloody Stupid Johnson easily passed with his big majority in record time), but the Government chose to waste the time of the Supreme Court pretending that BSJ had some sort of presidential executive mandate to do whatever the fuck he wanted.
2. I'm intrigued to know whether you'd get more environmental damage from building and powering $75Bn worth of AI datacenters, or by simply piling up 75Bn $1 bills and setting light to them. Certainly more particulate matter from the latter. But you wouldn't have to produce steel, concrete or all the REMs in the chips.