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Fleeced!: How we've been betrayed by the politicians, bureaucrats and bankers - and how much they've cost us [Paperback]

David Craig , Matthew Elliot
4.7 out of 5 stars  See all reviews (15 customer reviews)
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Book Description

14 Sep 2009
Over the past decade some £3 trillion – equivalent to £50,000 for every person in Britain – has been taken from us by the ruling elites. Half was wasted in a splurge of poorly-managed public spending in the ‘boom’, while the other half evaporated in the ‘bust’ – siphoned off by city bonuses, vaporised by a collapse in pension savings and extorted to bail out the banking sector. In their explosive new book, David Craig and Matthew Elliott trace where the money has gone and who has become richer as a result. They name and shame the ‘guilty’: the incompetent bureaucrats that fail to deliver the services the taxpayer deserves; the multitude of ineffective regulators and watchdogs; the politicians that have betrayed our democracy and enriched themselves; and the self-serving and arrogant city bankers. Moreover, they calculate the enormous debt that awaits the British taxpayer as a result of our rulers’ avarice and economic mismanagement. Fleeced! charts the greatest impoverishment and tax swindle of the public in British history.

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Fleeced!: How we've been betrayed by the politicians, bureaucrats and bankers - and how much they've cost us + The Great European Rip-off: How the Corrupt, Wasteful EU is Taking Control of Our Lives
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Product details

  • Paperback: 304 pages
  • Publisher: Constable (14 Sep 2009)
  • Language: English
  • ISBN-10: 1849012865
  • ISBN-13: 978-1849012867
  • Product Dimensions: 13.2 x 19.7 cm
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Bestsellers Rank: 276,142 in Books (See Top 100 in Books)

More About the Author

David Craig spent most of his career working for some of the world's best and worst management consultancies. After writing two whistleblowing books, "Rip-Off" and "Plundering the Public Sector", about how consultants take millions from businesses and government departments while delivering little of value, he was blacklisted and so left the profession.

Since then, he has written several books about government corruption, incompetence and waste, including "Squandered: How Gordon Brown is wasting over one trillion pounds of our money" and "Fleeced: How we've been betrayed by politicians, bureaucrats and bankers", both of which won the Hammond Whiteley journalism award. He is also the author of "The Great European Rip-Off" and "Pillaged! How they're looting £413 million a day from your savings and pensions".

He is the founder of the Taxpayers Party - www.votetaxpayers.org.uk

Product Description


This book reveals the facts and figures behind the economic mismanagement that landed us in the situation we are today, and shows how we have been betrayed by our politicians, bureaucrats and bankers. A shocking and depressing but necessary read. --Independent on Sunday

Book Description

In Fleeced! David Craig and Matthew Elliott expose the 'guilty men': the politicians, bureaucrats and bankers who have brought this country to its knees.

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Customer Reviews

4.7 out of 5 stars
4.7 out of 5 stars
Most Helpful Customer Reviews
28 of 29 people found the following review helpful
5.0 out of 5 stars essential reading 7 Jan 2010
a brilliant, insightful book, but it may make you want to cry! The scale of the kleptocracy & incompetence is mind-boggling (if you are reading this you probably thought this anyway). Some really good, practical ideas are also contained within the book on how to immediately start making an impact into reducing the UKs debt mountain & future, unpayable financial commitments, but the self-serving political classes will avoid all of them.

Another book that should be compulsory reading for all the electorate prior to the election, not just to kick out the moronic excuse for a Gvmt that we are lumbered with, but we need commitments from other parties about what they intend to do to solve the problems highlighted in this book. People need to understand exactly how bad our finances are & to get angry with the political class. They ALL need to change, and public apathy will suit these self-serving hyenas.

This book should be the start, but I wish that they had given more direction on the best ways for readers to take action, or even how we can start working together AGAINST the political class.

Wholeheartedly recommended.
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33 of 35 people found the following review helpful
4.0 out of 5 stars When are we going to wake up? 31 Oct 2009
By HuddsOn
This book would have benefited from more and better referencing and perhaps a list of suggestions for further reading, especially concerning the state of the NHS, education and how the banking system works. With such a wealth and diversity of material crammed into a mere 280 pages (including tables and charts), you will certainly feel better informed than you did before, but you may end up feeling you know "a little about a lot". Despite these deficiencies, it's a book I would highly recommend for anyone who cares about the future of Britain. It is written in a refreshingly punchy, direct style and the authors cite many reputable statistical sources to back up their arguments.

Fleeced! consists of twelve chapters grouped into four main sections, entitled "Making Us Poorer", "The "Bureaucratisation of Britain", "The Untouchable Elites", "Fighting Back".

In chapters 1-4, the authors start by putting our current national woes into the context of the global economic crisis, while making it brutally clear that this does not absolve the UK government. They explain how persistent low inflation and low interest rates led to banks and large investors being tempted by risky financial products in search of higher yields, small investors going into buy-to-let, and consumers and governments alike embracing "lend-and-spend" culture. The authors are sceptical about the value of the banking bailout and predict rough times ahead, as banks squeeze both borrowers and savers in order to build up their capital reserves and continue to flog various over-hyped investment products to the unwary. As if that's not enough, stocks and shares may well continue to provide poor returns, sapping the performance of private pensions.
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8 of 8 people found the following review helpful
This is a thoroughly researched assessment of just how the last Labour government mismanaged the UK economy, allowed a culture of greed to thrive, wasted obscene amounts of taxpayers money on excessive bureaucratic control and failed social and economic policies, failed to stop bankers and financial speculators from gambling away the nation's wealth and then enriched themselves at our expense. And the sad thing is there's no light at the end of the tunnel. Its hard not to read books like this without understanding what motivates people to embrace more radical politics.
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3 of 3 people found the following review helpful
5.0 out of 5 stars A very interesting read 26 Nov 2010
This book is extrememly detailed, interesting and to a large extent scary. I have read quite a few books by David Craig and Matthew Elliot and this book has definitely lived up to expectations. If only we could send these men into parliament and point all these facts out to these money grabbing politicians and bankers. An essential read if you really want to know where our money went under New Labour.
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28 of 32 people found the following review helpful
5.0 out of 5 stars Chronicles Britain's final decline and fall 25 Oct 2009
Format:Paperback|Verified Purchase
Given the author's previous books, predictably excellent account of how 12 years of NuLabour has wrecked Britain, impoverished millions and rewarded the few beyond the dreams of avarice.

The gravy train you just knew existed but could never get on is laid bare and the Fabian nomenklatura in the 'big tent' are identified.

Every day now, the papers uncover more corruption, cronyism and theft amongst the elite who for years have sneered at the 'little people' they've crushed under the tax burden. (The unlucky ones having been killed by medical bungling or MRSA).

Brown's 'scorched earth' policies will mean the incoming Tory government will inherit the worst economic situation for in a 100 years, having left NuLabour one of the best in 1997.

If anyone has doubts about the wisdom of fleeing bust, broken Britain then buy this book!
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1 of 1 people found the following review helpful
5.0 out of 5 stars Scary. 20 Nov 2013
Format:Paperback|Verified Purchase
As someone in my thirties I find it quite worrying looking ahead at where this country seems to be going. 30 years of "yes men" politicians who are too precious about their careers has meant that too many promises have been made to the electorate. This culminated in New Labour, which was a massive shame for our democracy. Blair could have done anything with his majority when he entered parliament in 97, and yet we can't point the finger at any progress, on any level or in any department of government, that he and Brown has left us! Now, we are left with the symptons of their misrule presenting itself: banks, BBC, police, media. Every section of public sector society/service seems to be in the hands of morons who foul up and walk away with a pension, unpunished. 15 billion on an NHS IT system? What happened to that then?

Sigh. It's enough to drive one to extremism.

Now, where did I put my guillotine?
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Most Recent Customer Reviews
3.0 out of 5 stars Very simplistic
A thought provoking book let down by the 'must sell' style of writing
Published 29 days ago by Lamu Hermit
4.0 out of 5 stars Book
Good book if you want to know watt is happening in the economy this is a good read on how the your money is spent
Published 6 months ago by A. Ruffell
5.0 out of 5 stars Another Craig Gem.
I make no apology for stating that this is my favourite author of the truth. Not 'one sided', no 'left wing' 'right wing'. Read more
Published 14 months ago by shakespier
5.0 out of 5 stars Robbed
I have not quite finished this book on the financial malfeasance of the last Labour government. As it says on the cover, it should not be read by anyone suffering from high blood... Read more
Published 15 months ago by Maudiemo
5.0 out of 5 stars Fleeced
The authors describe a disgraceful and, (I think), true situation in government and banks but, unfortunately, as these organisations are self-perpetuating and self-serving despite... Read more
Published 21 months ago by Alan M. Hill
5.0 out of 5 stars Thieves and Swindlers
This book should be in the National Curriculum for Schools.
It is very compulsive reading and very frightening. Read more
Published on 24 Aug 2010 by networm
5.0 out of 5 stars I wish I could recommend this book
But I am still a bit depressed after reading it. I won't be reading others like it - it's better not to know in many respects, as you are powerless to change this state of... Read more
Published on 27 Dec 2009 by Rudy Manchego
5.0 out of 5 stars Fleeced book
The delivery service was good and this is a first class book which everyone should read to see how we are being swindled by the authorities.
Published on 27 Oct 2009 by John Churchill
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