Gavyn Davies Advocates Mugabenomics

Some of the more excitable co-conspirators have been warning in the comments on this blog for that Britain is heading the way of Zimbabwe. Guido has until now discounted them as being over the top (yes the comments here do occasionally go ever so over the top).The government’s economic policies do sometimes seem to be a form of voodoo economics involving uncounted debt, faked statistics and ever changing “rules”. Gavyn Davies, a former Goldman Sachs managing director and MPC wise man is close to the Brownies – his wife Sue Nye was Gordon’s diary secretary and is now the Director of Government Relations in Downing Street. So when he advocates, as he does this morning, turning on the printing presses at the Bank of England and just printing more money to solve our woes, you can believe this is being discussed in Downing Street.

Are we now at the dead end of the New Labour era and Mugabenomics is a serious policy option? This is madness.



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GuidoFawkes Quote of the Day

Sajid Javid on when he first met Maggie:

‘I was standing in a group of five or six when she was brought over and introduced to us all. And, no kidding, she just ignored everyone and looked at me and held my hand in both hers, and stared me in the face.

And then she said: “Sajid!” And I said: “Yes.” And she said: “Sajid, you will protect our great island. You will protect our great island!” And I said: “Yes I will.”

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