![]() Kwarteng used to work for the peculiarly maverick Chrispin Odey, a major Conservative donor and pro-Brexiteer whose legendary investment fund has made a fortune betting on the disastrous effects on the pound of the Conservative policies he himself supported. Meanwhile, it was being widely observed that one key beneficiary of Kwarteng’s crashing currency ( Honey I Shrunk The Quids being the latest City joke) has been his former boss. Leaksīy last Monday, the shadow City minister Tulip Siddiq had called for the probe into the possibility of a ‘leak’ being behind such prescience. According to the Evening Standard, one highly-respected economist said he had “got wind of” the abolition of the top rate of tax (a massive economic and political gamble that has caused major loss of confidence) a couple of days before it was announced. Yet these speculators seem to have known the pound would nose-dive as soon as the ideologue chancellor, Kwasi Kwarteng, opened up his mouth, and sure enough the currency started plummeting during his very speech and then downwards over the ensuing days as he vowed to stay the course – the stuff of Treasury nightmares had come true in unprecedented fashion. Immediately following the shock ‘mini-budget’ cum total reversal of economic policy ten days ago, City watchers had raised the alarm over evidence of huge apparent profits having been made in certain quarters by those who short-traded on the pound, having somehow foreseen the suicidal change of fiscal policy by the new Conservative leadership that few others had expected.Īfter all, this was advertised as a ‘mini-budget’, it had not been costed and measures such as the scrapping of the 45% tax bracket and tax on bonuses belonged to no manifesto and were barely flagged in the leadership contest. Where Boris had plainly accommodated these deep pockets, Truss and her ‘ideological soulmate’, Chancellor Kwasi Kwarteng, appear utterly beholden, seemingly allowing special interests an inside track at the expense of the country they are entrusted to protect. Red flags are now flying the breadth of Downing Street to indicate an immediate capture of the new Conservative clique in charge by a cabal of shadowy corporate catspaws and self-interested currency speculators, bent on framing policy to cut taxes, turn a fast buck and get the regulators off their backs. The song titled ‘Gone Forth Beyond the Sea’ was the anthem during Brooke’s administration from 1872 to 1946 followed by ‘Fair Land Sarawak’ from 1946 to 1973, which was considered to be the first state anthem, and from 1973 to 1988, it was ‘Sarawak Bahagia’.Labour’s call for the Financial Conduct Authority to be brought in to investigate the circumstances surrounding Britain’s calamitous so-called ‘mini-budget’ becomes more justified by the hour. Dato Wan Othman Hamid is credited as the composer of the music, while Ismail Hassan wrote the lyrics.īefore ‘Ibu Pertiwi Ku’ was adopted, Sarawak had three different anthems since the 1800s. The current state anthem of Sarawak, titled ‘Ibu Pertiwi Ku’ was adopted in 1988, along with a new state flag design and the coat of arms. The redesigned flag, which is being used until today, was raised by the fourth Chief Minister Tun Pehin Sri Abdul Taib Mahmud on in conjunction with Sarawak’s 25th Merdeka Day celebration at newly completed indoor stadium at Petra Jaya. This was to symbolise Sarawak as a British Crown Colony. The flag was also flown together with Britain’s Union Jack flag during this period. Sarawak was then ceded to Britain and became a British Crown Colony on July 1, 1946.Īnother alteration was made to the state’s flag design to distinguish the state from other British Crown Colonies by adding a yellow five-point crown design to the centre of the flag. The second version of the Sarawak flag was again flown until June 30, 1946. ![]() It was later replaced by the Sarawak flag when the civil government was restored on April 15, 1946. ![]() When the Australian forces fully liberated Sarawak on Sept 11, 1945, the Australian flag was hoisted in Sarawak to replace that of the Rising Sun. The Japanese flag of the Rising Sun replaced Charles’ flag from to Sduring their occupation. Sarawak was under British military rule administered by the Australian military from August 1945 to April 1946. Between 19, Sarawak was occupied by Japanese forces before the Empire of Japan surrendered on and ending World War II. ![]()
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