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

Mirror’s ‘UKIP Goggles’ App Backfires | Press Gazette
Woolas Agent Standing for UKIP | MEN
Compassionate Left in Action | Mark Wallace
Sainsbury’s Distance Themselves From Sick Cam Tweeter | Speccie
Elites Pay Price for Killing Grammar Schools | Jago Pearson
Thornberry Makes Burnham Leadership Favourite | Matthew Norman
Guido’s Column | Sun
BBC Still Ignoring Savile Evidence | Telegraph
Politicians Brought Down by Twitter | CityAm
Ed the Biggest Loser in Rochester | Trevor Kavanagh
A Just Way to Manage Migration | Mats Persson


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Boris on his fellow Islingtonista Emily Thornberry:

“It was an entirely run-of-the-mill English townscape, with some straightforward words to go with it. There was no obvious insult, no abuse, no overt sneering. She might have got away with it entirely, had some alert blogger not spotted it. He instantly detected the coded message that Emily Thornberry was sending to all her right-on, bien-pensant, Labour-luvvie friends in Islington, or wherever else it is that they follow her on Twitter.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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