UPDATE : Pound is tumbling as Asian markets open tonight. The pound is now at the weakest it has ever been against the Euro, tumbling against the Swiss Franc as well. Guido is short…
Made Guido laugh. Mitt Romney gave Guido the creeps…
Guido is cautious about the story because it smacks of wishful thinking by some in the Brown bunker, Carter and Muir have not been sugar-coating the dire focus group feedback. It stands out that no one else is reporting the demotion story, Merrick may have just been spun by the Brownies.
Getting rid of Carter and replacing Darling with Ed Balls would signal that the Brown bunker is bonkers, the Treasury is clearly in revolt at the £40 billion state house building splurge supposedly planned by Downing Street. Having nationalised home lending via Northern Rock, Gordon plans to double up on the mistake and nationalise home building. A last gasp of socialism to appease the Labour core-vote – public sector mass housing has been such a success hasn’t it? Huge estates of stable families, high employment, low crime and civic responsibility.
Wonder if Vince Cable will support him this time as well?
UPDATE : Dale says Merrick claims the report is triple sourced though Downing Street denies it. If Carter has quit rather than been demoted what does that say about the dysfunction in Downing Street?
Who is telling the truth at the top of Government? The Prime Minister says the economic situation isn’t as bad people think and that Britain is well placed to weather the economic storm, but the Chancellor says we are at a 60 year low. Gordon Brown has briefed out stories that he has an economic recovery plan all worked out, meanwhile the Chancellor says the downturn will be more profound and long-lasting than people thought.
Mulling over whether or not to bet the shop against sterling…
UPDATE : The Chancellor in the interview does appear to know the price of eggs. We can relax. Phew.
Could it have something to do with George Bush’s timely $150 billion bi-partisan growth stimulus package in February? Both the Democrats and Republicans are running on tax cutting platforms. We have bi-partisan tax and spend sloth policies. Guido understands the politics of it, the economics of it are what disappoints. The Finkelstein “you can’t win promising tax cuts” approach was always timid, it is now the wrong strategy at the wrong time. The voters have moved on, they recognise the economy needs tax cuts to grow.
Here is the bit of the speech Cameron could lift with minor alterations:
“For eighteen long months, you have stood up, one by one, and said enough to the politics of the past. You understand that in this election, the greatest risk we can take is to try the same old politics with the same old players and expect a different result. You have shown what history teaches us – that at defining moments like this one, the change we need doesn’t come from Washington. Change comes to Washington. Change happens because the American people demand it – because they rise up and insist on new ideas and new leadership, a new politics for a new time. America, this is one of those moments.”
18 months or so to change in Westminster…
“starting and constantly promoting malicious narratives… [so] that it becomes a talking point for the mainstream media and that is how [Brown] becomes framed. The Republicans in the United States have been great at this for decades.”
Even Kevin Maguire is indulging in a bit of innuendo himself in the New Statesman.
What We Learned From the Referendum | FT
Scottish Crisis Moves South | Nick Wood
English Democrats Accidentally Celebrate Yes Victory | Pink News
Union In Its Current Form is Dead | Janan Ganesh
Labour Could Be Split in Two | Sun
Ashcroft Poll: Why Scotland Voted No | Buzzfeed
Boris: Change Barnett Formula | Sun
Cameron is Back | Dan Hodges
What Happens Now | James Kirkup
Cairo of the North | Quentin Letts
Labour are the Biggest Losers | Phil Collins
Diane Abbott on the Daily Politics:
“Labour MPs will unite behind Ed Miliband, once we find out what our policies are.”