November 24th, 2008

Gordonomics : Higher Taxes, Nationalisations, Property Price Collapse, Printing Money, More Government Borrowing, Economic Bust

Guido is not a fanatical gold bug, but in times of crisis gold is the timeless refuge. This is the gold/£ price chart for this year, showing gold has proven to be a sound investment. As Gordon takes the Mugabe option this has only one way to go. Without the restraining hand of Tony Blair socialism is back from the dead cheered on by Labour’s zombies. Gordon’s latest plan to bleed high earners means that the best will be driven from British shores just as they were in the seventies.

Ireland, which is taking the austerity route out of the crisis, slashing government spending, is attracting an entirely private sector solution to recapitalising banks. Property prices are becoming reasonable, tax rates are lower and big British run businesses are relocating to Ireland.

Ireland will probably be out of recession long before an economy crippled by Brown starts to recover – whoever wins the next election.

UPDATE : Ireland’s new finance bill is changing the law to entice non-doms to move from London to Ireland.



Seen Elsewhere

Carswell is a True Moderniser | Charles Moore
Assembling a New World Order | Henry Kissinger
India’s Modi Bypasses Mainstream Media | Index
Bercow on the Knife Edge | Quentin Letts
Welcome to Mississippi | Conservative Women
LibDems Select Hancock Replacement | Blue Guerilla
Carswell Resigning: “Moment Labour Won Election” | Labour Uncut
Why We Need Change | Douglas Carswell
The Howard Roark of Westminster | Guardian
Carswell, the Clacton Cassandra | James Ford
Love Bomb Carswell | ConservativeHome


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Douglas Carswell’s side-kick Dan Hannan MEP pours water on the obvious question:

“I won’t be joining UKIP, though I wish Douglas Carswell all the best. He has been a superb MP, and it’s honourable to stand for re-election.”



Owen Jones says:

We also need Zil lanes.


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