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.
“starting and constantly promoting malicious narratives… [so] that it becomes a talking point for the mainstream media and that is how [Brown] becomes framed.[…]
Harry’ s Place disappeared, Guido asked them what happened:
Last Friday, Harry’s Place republished an email sent to the Universities and Colleges Union activists email list by a Sheffield based academic, Jenna Delich. In that email, she linked to the website of the former Grand Wizard of the Ku Klux Klan, David Duke and recommended an article by the racist conspiricy theorist Joe Quinn, on the Israel/Palestine conflict.
This just forwarded to the inbox:
“I was one of the lucky BA passengers who got to fly home with the Olympians – an incredible honour. We were thrown off first and after we walked down the steps and past the paparazzi I couldn’t believe my eyes when I saw the Prime Minister standing in the doorway shaking hands with my fellow normal pasengers.