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

Treatment of Ashya King’s Family Authoritarian | Brendan O'Neill
Stop the War Should Disband | Rob Marchant
State Should Not Act as Parent | Kathy Gyngell
Guido’s Column | Sun
Don’t Bottle Schools Revolution | Dom Cummings
Sack Bercow | Melanie Phillips
Tories Should Have Open Primary in Clacton | Mark Wallace
Osborne Tricked Into Haircut | Janan Ganesh
100 Tory Eurosceptics Defy Cameron | Indy
ConHome Manifesto Launched | ConHome
Play the Great Clacton By-Election Game! | ConservativeHome


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Douglas Carswell…

“I stab people in the front, not the back.”



Owen Jones says:

We also need Zil lanes.


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