The UK economy contracted an horrific 2.4% in the first quarter of 2009, its biggest quarterly decline in 51 years, according to the latest ONS data released today. This comes on top of the OECD saying we can expect a severe recession to come. Didn’t brown and Darling tell us last year that the economy would be on the up by this July? Still a day to go…
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Prezza breaks with Labour to tell Adam Boulton:
“I don’t like you but I don’t want to put you under statutory control.”
Maybe if they really wanted to “decontaminate the Labour brand” with business people, they shouldn’t have totally buggered up the economy?
Just a thought.
Don’t you mean ‘tits up’?
so we are fucked ?
Yes Freddie. Completely and utterly fucked.
well keep brown away from our ashes squad
And the Barmy Army
Broon wishe Andy Murray well. Fortunately, the Queen stepped in with a good-luck message afterwards, so cancelling the bad luck. She must be getting pissed off with having to follow Broon around sweeping up the devastation he causes. Same with the Normandy ceremony a few weeks ago.
If I where you, Freddie, I’d try and stay off Broon’s radar for the next couple of months.
i trying to keep my head down been having problems with turning up on time for team buses
freddie, fucked cubed.
Wouldn’t worry too much about that – we’ve all missed busses! If they really want you, they’ll hold the bus.
Tell the England team to keep their fucking phones turned OFF untill after the ashes. McMental might want to wish them well !
Every cloud has a silver lining. Labourlost trolls should be thin on the ground today.
cant we get get brown nicked for fraud?
Ponzi Brown will slither his way out of it along with the rest of his slimeball cronies.
so mandoff gets 150 years and fraudster brown gets?
With any luck, a sharp kick from the electorate.
not bad for fucking up the country ?
Brown gets the living hell of waking up every morning knowing he has the contempt of the world and the everlasting hatred of the British Electorate.
“At the rising of the Sun, yea, and it’s going down, we will remember him.”
Response: All : “Fuck off, Gordon”
I hope he lives to be an hundred. Any ideas as to the message on the Royal Telegram?
Not every troll that questions Guido’s group-mind, two-minute-hate is Nu Labour.
That would be nice wouldn’t it. On the Ballot paper at the next GE have a box that just says ‘Fuck off Brown’.
I hope he lives to be an hundred. Any ideas as to the message on the Royal Telegram?
“Your Majesty has pleasure in informing prisoner 37889674 that you only have another 319 years to serve on your sentence for treason and sabotage against the state. Happy Birthday Mongface”
Foul language and/or ‘slipping in the party line’ is always a giveaway.
Brown makes Madoff look like an amateur.
as fucked as a group of Premiership players on min. £50k a week pretending to be top flight professional football players. Wankers!
psycho lad , you should look at a world beating england team , the england women team
Watched the England ladies yesterday…Brilliant. Stuffed the Aussies. Hopefully, they’ll do the same today.
the where brilliant in the world 20/20 showed us lads up
But lets be fair here; I play decent club cricket and none of the England womens team would get beyond our 2nd team. Women are further behind men in performance in cricket than almost any other sport.
There’s no shame in just walking you know – it takes a strong man. Get in there, do the job, fuck it up, walk.
Alright Pearcey. Blair walked, ya know, fucked it all up and walked.
resurgemus
Do try to concentrate!
Or offer a rebuke for his insolence.
resurgemus? is that the young Brazilian lad?
This news is illusory drivel.
Everyone knows Guido that the OECD is completely staffed, funded and beholden to the Tory/Republican deceit machine. They routinely concoct false statistics to discredit the obvious superior rationalism and wisdom of Socialist policy.
Are we to believe arrant, ludicrous lies or the testimony of our own senses? Gordon is right, the economy is recovering rapidly with jobs and riches burgeoning in response to New Labour’s stimuli.
The quantitative easing worked then. More of the same to come I expect. Then, we have to pay it back. Looks like the recovery is going to be slow when it eventually comes.
Prepare thyselves for the weird and wonderful world of stagflation. The devaluation of the pound and the falling productivity due to reduced investment will give the UK a 10 year slump as the 1 in Japan. All hail Gordo defender of the Earth.
If Brown can conjure up £150 billion out of thin air in one morning, I don’t understand how his main line of attack against the Tories is they will save 3000 “millionaires” £200K. Even his, probably grossly exaggerated, figure is only £6 billion a drop in the ocean compared to the £150 billion created out of nothing. Why has he increased tax to 50%? That will only raise a couple of billion. Why not just print another £8 billion?
Presumably the only way all this debt can be cleared is through hyper inflation. So now is the time to take out a large mortgage with a very low fixed rate and in a few years your mortgage will be cost the same as a pint of beer.
Anonymous,
You are assuming that the government can create WAGE inflation along with monetary inflation.
You will be proved sadly wrong.
When Our Gov spend more on Non Commercial activity than any other part of the world they would surely f–k Capitalism. National Socialism does not mix with Capitalism. So next time you want a WAR Tony. Just remember there is no profit in it. You big eared Wa-ker
There was plenty of profit in it for him.
Sums it up.
Despite the staggering sums of ‘fantasy money’ paid out, the decline in the economy is even more severe than anyone feared.
Dismay over our present pain is augmented by the threat of a double dip recession – while there is the even greater dread that we are in for a ‘lost decade’ or longer (1920s Britain, 1990s Japan).
When Northern Rock went tits up my wife was talking to some chap from Barclays Capital. he stated there and then we’d be lucky to get away with a ‘mild Japan’. his words. The economists have known how this would pan out for a long time.
It is only Brown, the fantacist, who thinks he’s discovered a new way of abolishing boom and bust. Print fucking money! Yeah, that’ll work Gordon. I can’t believe nobody thought of it until now!
Problem is McEatshisSnot doesn’t believe it either, he is in fact and deed a saboteur, a marxist traitor and it really is time someone nicked him for crime.
Madoff got 150 years, the neoScots Swine should hang.
Seriously, just out of interest, in the present circumstances, which economists if any are not in favour of quantitative easing or credit easing as Bernanke likes to call it? That is what you refer to as printing money.
All Brown is doing is copying the US who started this all earlier. There is no reason to believe that QE will work. Nonetheless to have to resort to QE shows how bad the situation is, and the fact that the economy contracted with QE shows that it was complately bust.
Master Baiter, you Huhne, Peter Schiff.
http://www.peter-schiff.com/videos.php
Bernanke is a criminal; makes Madoff strictly minor league. Ask Coleman, the Fed Auditor: where’s the $9 trillion gone.
Another Yank telling the truth: Kark Denninger:
http://market-ticker.denninger.net/
now fuck off, marxist cocksucking scum.
One thing worth considering, young Baiter, is that if Broon and Darling hadn’t thrown eye-watering amounts of money they didn’t have at the banks, they wouldn’t have needed to ease quantitatively.
The do-nothing Tories might have had the better idea; let the banks go bust, and help out the innocent victims afterwards.
We still don’t know how much the government really borrowed to throw at the banks; the figure seems to keep going up.
(There – two semi-colons as well!)
I have read that enough money has been thrown at the banks to pay off our mortgages, a far better choice, but a loss of control over the masses (Plebs historically)
Thanks but no answer to a serious question:
In the present circumstances, which economists if any are against quantitative easing?
(your 2 semi-colons raised with one full colon)
Bernanke knew what was coming years ago. In 2002 in fact. Hence the talk of ‘helicopter money’ long before the Brown government was brough screaming into the reality of their economic catastrophe.
Deflation is not an option he (Bernanke) said. So that tells you all you need to know. Inflation and plenty of it is the ‘cure’ for this idiocy.
A far cheaper and more guaranteed cure would have been to remove idiots like Blair and Brown from power with extreme violence about ten years ago.
But given that we are where we are after their incompetence and economic insanity then a simple cure still exists.
Tell the people the truth. We have no money. Taxes will have to increase by 20% for everybody ie from 20% to 40% or from 40% to 60% and the public service will have to take a 20% paycut.
It will be tough but it will be the honest thing to do. But being both ‘tough’ and ‘honest’ means it has no hope of Brown proposing it.
so let me make sure I have got this right:
tax revenues are DOWN!
government debt is UP!
and the economy is going DOWN THE SEWER!
and yet, and yet new labour’s line of attack in the next general election is investment v cuts.
gordon brown and ed balls are having a larf.
they are off their heads.
note to ed balls: heard you on the radio ed. keep talking cretin for every syllable you utter loses new labour votes.
excellent!
MB..the answer to your question in the present circumstances..etc.
YES QE is the way forward IF you were the architect of a ponzi scheme of an economy and you are trying to keep power. That does mean that it is a good thing though. If you are broke selling your watch may be a good idea, but ultimately not want you wanted to do.
That was supposed to be ..”That does NOT mean it is a good thing”.
We have already had 12 yeras of QE. Adjusted for GDP the quantity of £’s grew by 65% (approx) between 1997 and 2009. In other words today’s £ is worth 35% of a 1997 £. That’s inflation. Price rises are a result of inflation not its cause. We didn’t get the price rises because of price falls resulting from outsourcing manufacturing to the FE. The inflation we did have – house prices – is though directoy attributable to the massive expansion in the money supply.
Adding more money, QE, to this conflagration can only end in tears.
As someone else has said above, rather than Brown commit upwards of £20,000 per individual to the banks (which in my family equates to 120,000) it would have been better to simply give us each, or each taxpayer, £20,000. This cash would then have gone to pay down debt, be saved or be spent. In any event it would have ended up helping the banking system, but it would also have helped the citizen. In my view you’d only give it to non-state workers as state workers don’t pay any tax, and that would have been say 25,000 to 30,000 each.
All Grodon had done is compound the problems. He really is the most economically ignorant chancellor ever. Anyway he only ‘saved’ the banks to save his own skin.
#181
Yesss!!!! Exactly. We have already had a decade of ‘Quantative Easing’. Printing money and pissing it into the economy. That’s what got us into this mess. Between government and private borrowing backed with nothing more than the insane increase in the price of our houses we were already ‘Quantitively Easing’ ourselves over 100bn a year anyway.
And now the ‘cure’ to this is to print 200bn a year? How long before it’s 400bn a year? 1000 billion a year?
Why is printing more money the miracle ‘cure’ for getting us out?
Take a good long look at your history books for successful applications of this innovative strategy of printing money.
so if they trew enough money at the banks to pay off all our mortgages why didnt they do just that ? pay off mortgages result banks get their money back ! then the money is in government mortgages which in better times the banks can buy back !
MB. Your question implies two points: Firstly, that trashing the currency, also known as printing money, and dignified as a political policy by the name quantitative easing, then changed to credit easing when QE became synonymous with trashing the currency, is in itself a good thing; and secondly: that the most quoted Gov’t stooges, sorry,economists, are right.
Those economists who see that Gordon is naked in the Global piggy bank are quietly told that their contributions to the debate are “unhelpful in the circumstances” and get long periods of gardening leave. When, in 340 days time, an electorate incandescent with that rage which comes from being homeless and jobless, consigns Brown and all his works to the cesspit of history, Sound Money will once again be resurrected and Prudence will again be virtueous, at least until the next Labour gov’t.
Printing money should always be a last resort, becuase it causes high inflation and devalues the currency.
The question has to be though, are those concequences preferable in the short term to the long term problems we are storing up for ourselves with massive borrowing and off-balance-sheet debt such as PFI..?
I believe that printing money to buy your own IOUs has a ponziesque quality to it.We will have to print more to cover the interest payments on those debts. It’s a bit like taking a couple of pain killers when your leg needs amputating. You might think things are better but the reality is somewhat different.
Printing paper has been happening for a while,so the results of the success are available. If it’s working,why do the government not show us the evidence?
Interest on our debts is 42.9 billion pounds a year currently and set to rise.
How will quantative easing enable this to be reduced? What’s the plan?
That’s the policy which needs launching.
Expat,
Quantitative easing has been carried out extensively over a number of years in Japan. Japan does not have inflation. Because of this fact your assertion, that inflation is the consequence of quantitative easing, is not correct.
MB, what’s Japan got to do with anything?
Completely different economy, completely different circumstances, compltely different strategy and governance – and completely diffent leadership, they didn’t have a dimwit like Broon in charge!
MB – the QE thing.
Go back to your history books. Hitler tried to take Britain out of the war by printing £’s with the intent of causing sufficient inflation, which would cripple the government and make the war so prohibitively expensive there’d be no alternative but to sue for peace.
QE – destroy Britain. It’s not a good thing – it’s destructive, corrosive.
As for the ‘giving the money to the banks’. Australia gave
Aus$7,000 to every pensioner and carer, as they don’t save and would spend the money on essentials. This would inject cash into shops and the banks eventually.
Aus$7,000 to every first time buyer.
a further Aus$7,000 to every first time buyer who built their own home.
Sounds like a brilliant idea to me. Not every leader followed Gurney – he doesn’t mention that though. I’ve suspected from the start that the only reason he’s protected the banks is so he has a job once he’s kicked out of parliament. This is about his career, not the country!
My dear Master Baiter. Again you defend QE, it didn’t work that well for Japan hence the 10 year period of stagflation. Their economy only got out of it due to export led growth to China. Nor have you taken to account the fact that they had historic account and budget surplusses. QE is done to prevent generalised default of debt obligations, it works while Asia is still buying our debt. If they stop buying it, whe’ll be in a lot of trouble…
Japan did not have a ten year period of stagflation, it didn’t have stagflation of any length. Stagflation means low growth with inflation.
Japan had low growth with deflation.
It had a gigantic asset bubble in the period 1986 to 1990.
It has had a chronic deflation problem since 1995. It had banks stuffed full of toxic non-performing loans supporting zombie corporations.
Quantitative easing was introduced in 2002 this policy alleviated the deflation problem. Alongside this banks were taken in to state control and their balance sheets cleaned up of non-performing toxic loans.
Deflation makes the costs of your debts grow.
Inflation makes the costs of your debts shrink.
The old favour deflation.
The young favour inflation.
To MB
It appears that most of the QE money is being spent on buying Gilts off foreigners who no longer want the risk of holding them.
QE money is going abroad, it is not helping anyone, and because it too is effectively “borrowed” it makes the situation worse.
The money the BoE creates is balanced by a liability on the Bank’s books.
So you’re telling me we’re giving actual cash to foreigners in return for our own gilts?
Inflation mate. Massive inflation being engineered in. The buying power of that cash is being diluted with every turn of the press, stroke of the pen or ’1′ and ’0′ conjured out of fresh financial air.
All this talk of ‘deflation’ is just moonshine to justify printing fabulous amounts of money and devaluing government and private debt. The down-side to this is that the people it punishes are those who ‘did the right thing’ ie the savers and the pensioners. The ones who made provision for any coming ‘bad times’ by not pissing away all their money by return of post.
Brown’s clear ‘cure’ to this imbecilic situation which he spent a full decade getting himself into is inflation. Lots and lots and lots of inflation.
Your savings ain’t going to be worth shit by the time this is over.
Serious question, in the present circumstances, which economists if any are opposed to quantitative easing?
On a similar but different tack, which economists are opposed to the ‘asset’ purchase schemes?
To posit that the bust is in government spending and borrowing is to miss the point. The bust is far greater in the private sector.
Which is giving rise to socialism for the rich and capitalism for the poor. All Labour are proposing is that the poor not bear all the pain and be protected to some extent, which sounds reasonable and rational.
MB – have you tried googling for any economists opposed to printing money. I’m sure there must be a fair few out there.
MB
you consistently ask the wrong question, it should be:
How did the country get in to such a mess ?
Brown
wrecked the pension system with Balls ( funny you never want to discuss that)
destroyed ( with Balls’ help again ) the system for banking regulation
splurged money on the public sector for which there has been no benefit
crippled the private sector with red tape ( more to follow a la Harman )
The issue of how we get out of the mess will be for someone else – Brown has no credibility – and since nobody is aware how big the hole is ( govt. refuse to publish forecasts ) what sane person would say he knows what is currently being done is right or not ?
We should be asking questions; not the Labour robot troll. When he answers one honestly then maybe we should reciprocate the favour. Problem is though, he has none, only a set of Trivial Pursuit bullshit lies.
He’s obviously been paid for this.
Resurg… You really are not very bright are you. The right question is how we get out of the mess. How we got into it is only interseting in so far as it informs the answer and provides lessons for the future. MB has asked a reasonable question which certainly relates to how we get out of the mess. He has been repeatedly answered with insults and evasions which would make Broon proud. I have no axe to grind on this (God knows I think Broon is a twat) but MB’s question is right – yours is (almost) irrelevant.
Anonymous
you really are the rancid scrotum of Ed balls. No-one need reply to MB’s question unless they are a quisling little toady afraid to come out from the name anonymous. As Dr Mick points out MB should be hear to answer our questions not we his. MB has a history of never answering a tough question.
As for your somewhat tedious post I would suggest it is quite ususal to look at how a problem started, qauantify how big it is before suggesting solutions. Since nobody knows how big the problem is how can anyone justify what is being done as the correct answer. Don’t try problem solving yourself you’ll only fuck it up.
Ahhh!
Now they’ll get all depressed and try to work it off with another bout of irrational anger and spouting of abuse.
Serious question, which economists, if any are opposed to quantitative easing in the present circumstances?
MB, check out the Austrian School at mises.org
They predicted this crisis and are opposed to QE as a remedy.
What, Brown causes the problem and we have to find the solution for him ?
It doesn’t work that way.
Buy printing presses – try Bob Mugabe I sold mine to him
Very true.
Currently just over 35% of our national debt is owed to foreign governments and overseas investors. So it’s not just impoverished Third World nations in hock to the rest of the world. We’re relying on the confidence of foreign investors to keep our own country afloat. And buying our own IOUs with printed money to maintain the veneer.
Resurgemus,
Try to concentrate. It was suggested that quantative easing is the problem. If it is the problem, which economists if any is that assertion supported by?
Do you get it?
“Quantitive easing” is what was introduced by the socialist Weimar Republic and brought hyper inflation to Germany, ultimately leading to Hitler assuming control of the collapsed state. Fascism always follows socialism.
I think you will find no sane economist advocating “quantitive easing”. I can’t find any and I certainly won’t include those cowboys in government.
Dear dear Resurg..etc, I did strike a sensitive part (presumably not your balls since anyone with any would have answered a straight question). Nice to see NLA giving a proper response – respect. Now I will try a bit of theorising. I guess (by the combination of intellect, language and reaction to being opposed) that resurg…etc is, in fact, a Pink Panzer, Toytown Nazi or whatever you prefer – possibly even Dick Sniffin himself. If this is the case I suggest another “survivalist” course – this time the bullet may hit the mark. If I am wrong I suggest you try therapy.
Sorry MB
just popped out for a spot of QE – definitely a Brown mess.
You bandy the expression QE around like it is magic, however the fun will come when you have to answer ” how much, for what purpose and for how long ?”
Since this government does not know the size of it’s own liabilities how does £150 billion suddenly become the right answer ? Why not £ 75 billion ( as it was a few months ago ) or £ 300 billion ?
What are we borrowing for in the first place ? It should be to get credit flowing but as the IMF point out the credit issues are in the banking system ( for which the UK has no plan ) and so may not require any borrowing at all – so why borrow ?
And how long can we keep doing this – I suggest you ask the city bloggers on this site, but not long is my guess as there is no coherent approach to what the government intends to do nor a quantification of how much is needed. Try borrowing from your bank on that basis and see where you get.
Try post 345 to see one economist who has his doubts
Mervyn King and Ben Bernanke advocate quantitative easing.
None of you whippersnappers on this site, are old enough to remember the events of 1989/90 when Yugoslavia went the money printing route. They ended up as all others who tried it previously. Printing money does not just lead to hyperinflation – it leads to rebellion and civil disorder. Never mind the SNP and Cymru, the day is coming when we might see a declaration of independence from Devon and Cornwall.
That creep L Byrne on lunchtime radio 4. He’s the sort of deceitful person who’s learned to smile in all the inappropriate places. It’s a heinous skill. Watched him on tv – newsnight last night. Do not buy a second hand car from this man!
Yes, a smug face made for slapping
This is a depressing read but the best on topic summary I have read recently, and this is only the précis:
THE STATE OF THE U.K. ECONOMY FILLS BRITISH FINANCIAL HISTORIAN NIALL FERGUSON WITH FOREBODING.
June 30 (Bloomberg) –http://www.bloomberg.com/apps/news?pid=20601102&sid=aptnrMueIerQ
“The probability of a real sterling crisis is around one in three, and the probability of major tax hikes and cuts in public spending is roughly one in one,” Ferguson cites as a warning signal the rise in the yield on 10-year gilts, which was 3.6 percent yesterday, up from 2.9 percent in March. “Bond investors have real doubts about the fiscal stability of the U.K., and they want some kind of risk premium,” he says.
Britons can expect to face spending cuts in coming years in all areas, including social security and health care, says Nigel Lawson, who was Chancellor of the Exchequer under Margaret Thatcher from 1983 to 1989. “Our public finances are easily the worst we’ve ever had in peacetime,” Lawson, 77, says. “The amount of borrowing the government will have to do as a result of the deficit is very worrying.” He says yields on U.K. debt will have to climb to attract buyers.
Lawson, who expects Cameron to succeed Brown, urges Britain’s next leaders to make deep cuts. “It’s essential they take very tough action straight away,” says Lawson, who slashed spending in the 1980s. “The question is: How tough are they prepared to be? How much initial unpopularity are they prepared to ride through?”
HISTORIAN FERGUSON SEES NO ALTERNATIVE TO SUCH STRINGENCY. “IT HAS TO HAPPEN,” HE SAYS. “THIS KIND OF RED INK IMPLIES BOTH SPENDING CUTS AND TAX HIKES THAT COULD MAKE THE 1980S LOOK LIKE A TEDDY BEAR’S PICNIC.”
#419
http://www.bloomberg.com/apps/news?pid=20601102&sid=aptnrMueIerQ
I think he is right on but perhaps slightly optimistic as with the quantitivie easing that we do know about and PFI were the numbers are hazy at best this makes the issue far worse. With borrowing at 90% of GDP this non e economy is in a scary mess thanks to Gordon Brown who sadly uses is good eye to see credit and bad eye is on the wrong side of the balance sheet. If you did not think it before everyone must know now GB is the biggest fuckwit thrust upon this country. What’s even more scary is he still has supporters such as Charles and MB complete idiots of the highest order waste of time teaching them to read and write. They should have gone down the pits without a canary.
Haha! Well, the fact that there is something of a debate surrounding the question of whether the recession has peaked or not is good for thhis website and for journalism in general! Fact is, we have to wait and see before we can be really sure. The other fact is that talkign the economy down is a self fulfillign prophecy and a LOYAL oppostion ought to rise above poltics and think of the best interest of the country overall and for the wee small man/business who don’t have thousands in the bank to see them through it or to hop over to San Troupe until the worst of it is over.
S-p-e-d-o S-h-o-r-t-s is happy and S-p-e-d-o says s-m-i-l-e the recession is o-v-e-r De dum de dum de dee !!
you were only meant to blow off the bloody Doors
Talk of QE.
Perhaps this instructional video may help to answer some of the questions posed on this thread.
The big question
WHAT IS THE WORST THAT CAN HAPPEN
note to reader: interesting innit how when I bash the brains out of the tory trolls the next day they all come out in force.
I suppose the dimwits think there is safety in numbers.
WRONG!
I’M TOP BOY NOW YOU CRIPPLES.
I’M THE DADDY!
YOU TORY TROLLS ARE JUST SCUM.
as I have explained to you before TAT – you’ve got it wrong – I AM THE DADDY, okay, get it?
all hope remains in S,p,e,d,o S,h,o,r,t,s
Worst video link ever in the history of the intraweb , I want my 3 mins back.
Can’t wait for PMQ’s tomorrow- Shock and awe attack from Dave, we might even see decapitation. Should be more entertaining than a Tehran public execution.
You jest, sir.
Cameron: “Doesn’t he understand that…….?”
Brown: “We are investing for the many, unlike the Tories who will cut to help millionaires….”
If these exact word are not spoken, I will eat my car.
And… “Labour invest Tory Cuts” place your bets. We are best place to come out of this recession (Depression) better than others – yeah course we are!! GB is a man in complete denial. For gods sake and the country’s take to the streets and get rid of this sorry excuse for a government.
It would be great if the economy shrank 60% (all public sector) and it was not against the law to tie teachers to trees and whip them to death.
British teachers have to be the lowest shit in the history of the universe. Everybody must have experienced sitting in a classroom copying of the board while being so bored millions of brain cells committed suicide.
British teachers are lazy filthy retards. They are no better than MPs.
If there is a revolution and MP filth are beaten and burned alive, I hope mobs around the country also attack teachers and torture them for many hours before setting the filth on fire.
Darling’s prediction was a political prediction and should not be taken seriously. The really bad news will probably be buried on the day of Michael Jackson’s funeral.
By my reckoning, they need about 340 more major celebrities to peg out on consecutive days if they’re going to hide all the bad news till the election.
Brenda’s got herself extra guards and a few more tasters – that’s why she needs more cash!!!!!!!!!
Major celebrities? There are none. What the fuck is a ‘celebrity’ anyway?
Surely not something dreamed up by the media and the tossers themselves?
I am a major member
in the celebrity group
Who is Michael Jackson?
He’s the boogie man to frighten naughty kids with.
As opposed to the bogeyman… we all know and loathe.
If you find him ask where he has put my bananas.
You know I’m dead, dead, really really dead,
dead, dead, really really dead, shamoooow, whoose deeead…..
Don’t touch the spoons man.
And take your shoes off when you come in my house.
CHECKDAKONEY MOFO!
SHAMMMMMONE!
HEEEEEHEEEEEE!
Great! Now could you stay DEAD and OFF our NEWS PROGRAMMES?
Ooooooooohhhhhhh! Knickers in a twist darling must be a serious minded labour hooooooon.
Bloody hell, I didn’t know General Mike was dead, Only saw him on telly last night, telling the English why they should put up with Jock’s.
I remember when the economy was in the black.
“No more boom and bust”
At least in 1948 we had just won a couple of furking big world wars and the future was rosey and Europe sorted.
In 2009 we can’t even cope with the odd skirmish abroad and Europe threatens ominously.
2009-51=1958
othing’s changed then. The Irish still can’t do sums
And you can’t spell. Obviously a child of New Labour!
Actually two possible explanations; New Labour education or Old Tory genes.
I prefer 1948 as there never was a At Last The 1958 Show with Aimi McDonald and the pre-Monty Python crowd. Phwee-ooer. I would (and I think John Major did too).
In 1948 the Olympic games were helld in London.. 12yrs after the Berlin Games a time of celebration after the war years.
In 2009 people are horrified at how much the London 2012 Olympic games will cost, a time of austerity after the New Labour years.
Does History repeat itself or are we not on the down slide of the graph, Olympics should then be followed by a major conflict. Pensions fit the graph, even the union of UK stepped back to a previous age..
Guido has now amended his post from 1948 to 1958
Look, so long as you understand that it really bad and “the end is nigh”, why quibble over a figure or two? That’s Journalism as Esther Fawkes would say.
Bordeaux Binger – Good point !! But of course none of the real news will come before the next election, because Mandy is keeping those in a box marked ‘Top Secret’, locked in a safe in the bunker, not to see the light of day until after the General Election..
Let us just hope that the box stays in the safe once the bunker is busted…
After the general election – we have Conservatives in power.
The Civil Service will destroy the box’s contents! This is to maintain the ‘impartiality of the Civil Service’.
Thank goodness the do nothing tories aren’t in power. We’d probably be in a REAL mess if it wasn’t for flash gordon’s superpowers, not.
Didn’t you see their lips moving as they said this? Didn’t you know they were lying?
BB 10:19- you’re so right! I just wonder what’s been buried over the last couple of days?
I am not a pessimist by nature but feel sure that the worst of the depression is yet to come. Unemployment will rise and the government , this or the next one, will be simply unable to borrow enough money to continue spending at the current level. Personal debt remains high and house prices fragile. On the latter subject, prices still have a long way to fall. To those thinking of buying I would suggest offering, and sticking to, no more than 75% of any asking price. As for economic recovery beginning in July, it always was a preposterous suggestion and emphasises the stupidity of the morons presiding over us in the UK.
House near us on for 2.2M before Christmas.
Reduced to 2M in Feb. Went to view it. Nice place – huge pool. Offered 1.6. Told to get fucked.
April reduced to 1.85M. Last week reduced to 1.65M. Phone call from agents – are you still interested?
No. Already bought pal. You mean there weren’t that many people kicking around with 2M in cash after all? Funny that.
And that’s what is driving the ‘increase’ in house prices. Cash rich punters like me shielding some of their cash from the coming hyper-inflation with a property purchase. The ‘mix’ of houses being sold will be massively biased (compared to historical averages) towards cash-rich buyers buying the more expensive properties.
Which is odd, when you consider that the mix should really be biased towards a package of lower value properties providing basic accomodation and capable of continuing to generate rents which rise (over the medium term) in line with real inflation.
Of course with the maximum debt possible fixed for as long as possible.
That way not only does the true cost of the debt erode, but the income to service it is maintained regardless. It might even be profitable
Good luck buddy. Couple of dudes bought the house next to me to rent out (perfect location and decent house) and the chaps said – sod this, cash rich – houses cheap, let’s buy sensibly. Very quick conversation really – righty ho, yer on the ball – now cut down them bloody trees ya weasels.
House prices are still grossly over-valued and most first time buyers can still not afford to get the first foot on the ladder. I think the economy will ‘tank’ completely within the next 6 months. Power cuts, food shortages, no more money for dole scroungers, riots, the lot. With a bit of luck, some will go the whole hog and march on Downing Street.
I am sorry to say that I agree with you my Viking friend. I want to be wrong, a visceral feeling that the worse is yet to come wont go away. Hyper inflation, riots, food and energy shortages. Brown and his crew are so sure and so willing to risk that this whole thing as a momentum of its own. A sure fire bet is to take a punt on tinned goods and a sharp cutluss in the down stairs hallway.
The snowball of redundancies is gathering pace and has not yet made its mark.
Brown’s job is to hold off the impact for another year, creating an illusion of growth so that he and his henchman can get back into power for another few years. And if he fails it will be the Tories who kop for it and will take the shit. It’s the only thing he can do. Which is most unfortunate for the rest of us.
But you can’t fool the markets and you can’t fool a hard-working family who have just lost their wage earner.
English viking, I agree. The Gorgon can say anything he likes, promise anything, because he won’t be here to pick up the pieces after the next election. Tony blair skidded off just in time, the gorgon will exit just before the shit really hits the fan. Despite all his protestations that the problem is
‘global’ (an essential part of any conversation with newlabour) we know that it was mainly his and his parties’ fault. Newlabour? what a fiasco!
Interesting about your comments of 75% offers for house prices when nationwide yet again claims house prices are rising.
Does anyone else get the distinct feeling though that both nationwide and halifax’s figures have been skewed due to lack of activity at the bottom end of the market? I.E the only people really able to move in the housing ladder atm are those already well established with high equity. These people are able to take advantage of not only the low borrowing rates, but also the now smaller gap in housing “setp-up”. This obviously results in more house purchases of a higher value vs first time buyers at the cheaper end of the market – thus skewing the average house price to look like things are on the up…….
Try looking at the statistical techniques used for these surveys. They are not perfect but they do avoid the simple pitfall you describe.
I’m sure their techniques are fairly sound – but it just seems odd. Unemployment is constantly growing, the economy is contracting inflation down, 1 million Hhlds in negative equity so effectively locked in their homes etc etc, yet house prices are up?
I personally know 4 people that have literally just sold their homes in the last 2-3 months or are in the process of doing so and every single one has had to drop their already low asking price by around a further 10%. And have boought at similar discounts.
And in any case surely given the current climate, house prices cannot sustain any increases given that even in the current climate house affordability is still so very stretched.
Or is this just the start of the old “W” recovery curve?
Prices were at their lowest at the turn of the year. Prices have climbed slightly in 2009 but are still about 10% lower than they were a year ago.
SHUT UP YOU SLAG YOU KNOW NUFFINK!
SHUT IT.
I’M TOP BOY NOW.
All housing statistics, including values, by any organisation or person with a vested interest (including multi-home/buy to let “tycoon” MP’s and governments bent on social engineering) are a straightforward con. Even the Land Registry data is a con (the values are not accurately reported, the house type data too broad etc).
Just a merry thought for a Tuesday afternoon and I have been proven correct for a straight five years so far.
Luckily in this mess of a market the McDoom mortgage assistance to hard working families about to be repossessed has, at a boasted £200 million cost, helped six families so far this year. Yeeesss … let’s show these “do nothings”.
That the incumbent government has been unsuccessful is axiomatic and beyond dispute. Yet until the British are ready for the kind of huge changes that go beyond tripartite feudalism of the current prevailing kind, similar scenarios will likely unfold.
On a related matter, what caught my eye in the OECD report was their condemnation of education in Britain. In fact, it was made clear that the educational underachievment in this country is a significant problem. I’ll say. I don’t know the figures for functionally illiterate adults in this country but I am sure it a sorry number.
This country needs a return to old fashioned standards.
Anyone disgareeing or getting in the way of this should of course be thrashed.
No problem. Any child who is falling behind will now be given 1:1 tuition. Luckily, after the Blair Brown years the standard is so low that the number deemed to be falling behind will be very small.
Now that is something to be looked forward to.
what’s the matter lola, no man in your life to look forward to?
perhaps it is your halitosis that is putting them off.
perhaps you are a lesbian like doctor mick.
she got lots of strap-ons maybe you two should hook up?
The figures for functionally illiterate adults:
1997 23%
2001 20%
2008 20%
ie adults with a reading age of less than 11.
All the government ‘progress’ figures for literacy or anything else are bonkers as there is no statistically valid independent standardisation.
The concept of ‘falling behind’ is mostly bonkers, so too the is the idea of taking schools to court for not giving kids deemed to have done so one to one tuition. One to one tuition is not as helpful as small group work to many children who do not have specific learning difficulties but find learning to read hard.
Aside from the particular and complex problems associated with reading difficulties – even the general concept of ‘underperformance’ is problematic, as nobody is deemed to be clever than anyone else, and all tests of innate ability, or even that more acceptable concept of ‘currently developed abilities’ are said to be flawed and are frowned upon. (Except for use by ed or clinical psychologists occasionally.)
Suffice it to say again: all government education evaluation figures of any type are politically contaminated… and are bonkers.
The Gov target for literacy at the age of 11 is 85%. What kind of plan is that? After 6 or 7 years of near daily education, they (the Gov) accept that 15% of kids won’t be able to read or write! It’s even worse than that in reality, because the Gov is yet to reach this target. Even if you can read and write at the age of 11, the next 5 or six years of ‘education’ will be wasted on nonsense like Citizenship Awareness, Social Studies, Sports Science (PE with a poncy name)Drama and Art and in fact just about anything that demands no real intellect to pass the ‘Gold Standard’ GCSE exam that you will have had the answers provided for. Then you can go to ‘Uni’ and take a degree in The Beatles, leave and work in a burger bar, assuming you don’t drink yourself to death or die in a knife fight first.
Before and after Labour’s key election promise
1997
Table 1.1: Percentage of adults with low literacy and low numeracy (identical questions in all countries)
Countries Literacy Numeracy
Germany 12% 7%
Canada 17% 17%
Britain 23% 23%%
Source: Adult Literacy in Britain, ONS, 1997
2004
Nearly four out of 10 adults in some parts of England cannot read or write properly or do simple sums according to a Basic Skills Agency’s report in May 2000. This report came a year after the agency’s chairman Sir Claus Moser’s report, which described the serious problem of 20% of adults being “functionally illiterate”. A reinterpretation of the Moser data put the national average even higher, at 24% – rising to nearly 40% in some areas. On average, 15% have low literacy, 5% have lower literacy and 4% have very low literacy. (Source: Basic Skills Agency report, May 2000)
Today
“The Department’s new ambition, announced in 2007, is that, by 2020, 95 per cent of the population of working age will be at least functionally literate and numerate – the basic level of skills needed to get by in life. But, even if that ambition is realised, England will be raised only to the current standards of the top 25 per cent of OECD countries and they will probably have forged ahead by then.” – Chairman of the Committee of Public Accounts, January 2009
I’d love to know myself. Having sat in on employment interviews with woefully inadequate recent graduates who couldn’t put a coherent sentence together, y’know like?
Their speech was marginally better than some of the covering letters and CVs, which were full of grocer’s’ apostrophe’s and misspellings.
These kids had degrees!
To Sarah. I am not surprised. Speaking as someone who used to be a teacher I know how education has been devalued. Many teachers struggle to teach in the old fashioned way e.g. phonics for reading and chanting times tables but we are driven out of the state sector because we refuse to embrace each new and stupid initiative that is forced on us by idiot politicians and trendy heads and advisors. The only options for a decent education is to go private or move abroad.
I am an employer and if I see any kind of degree on a c.v. this will automatically disqualify the applicant before interview. They will invariably be either thick or so far up themselves they should be on Question Time.
Just think how much worse it would have been without the brilliant stewardship of G Brown, A Darling, M King and the splendid brains at the Treasury.
The darkest hour is just before dawn.
It’s going to be a long sunrise then
When’s that then?
€0.80c = £ 1. The Tuscan prediction for year’s end from Milan this morning.
That’s about a 30% slide. Time to get your European holidays in now.
Quite so, and I can do you a great deal.
In Paolo’s pit with the ‘clumsy’ Beast? Err…i’m staying at the Zik Zac Hotel in Zurich this weekend and it’s possibly just a tranny hotel but i’d rather stay there………….. (It was cheap and it only dawned on me after what a silly mistake i’d made).
Got relatives in the “poor man’s” Tuscany – the Marches. You can get dirt cheap flights to Ancona and that’s it! Cheapo hols
no! Sterling’s a BUY! a bye-bye on the hush-hush.
What is the basis for the prediction?
Seems a bit extreme.
If you believe it you should borrow as many pounds as you can get your hands on and exchange them into euros.
Day in day out i keep hearing shit from politicians about what they were calling ‘the downturn’ which everyone knew was already a recession. After last weeks official figures (seemingly un-doctored) the Labour commies had to finally use the ‘R’ word.
Originally it was only going to be a short mild ‘hiccup’.
The famous words of Mandy Rice Davies spring to mind!
The Bogey muncher (Brown-yes it is on youtube) keeps telling us how much he is doing……
Why didn’t he do it before if it’s so easy?
He is going to create soooo many jobs and Obama is going to part the Pacific Ocean and feed all of Africa with five loaves and two Nile Perch!!!!!!!!
I am looking for a job……they are all shite !!!!!!
McBrooon may be able to create jobs that just allow the dole numbers to be fiddled…….but being a traffic warden or teaching assistant DOES NOT create any wealth for the country!
Why don’t these tossers understand?
Do they never look at the Trade Deficit?
ffs!
So how will the U.K recover?
Answer: it wont!!!!!!!!
that is what happens when we have a govt. of useless tossers who know nothing at all about life!!!!!!!!!!!!!!!!
Under this govt we have become net importers of food, not so good when the piggy bank is empty, but it could absorb some unemployment, Havana is the model
I can’t believe people are still voting for what is essentially a bunch of communists. So many people work for the state now, that they in effect contibute nothing to the tax take, as their income if already paid out the tax revenue of the ever dwindling private sector. Gordo wont be happy till everyone is working in one giant tractor factory controlled by the thought police.
He must be loving this recession. All those people who had aspiration and the work ethic to pay for themselves and their family by hard graft, can now be ground down by the system. Aspiration is a crime under this goverment. The sooner he goes the better.
The DT described Brown Economics model in 1998 as that of an unsuccessful Restaurant Manager paying his staff to eat to boost takings, Brown has sold everything to keep his Restaurant (No Michelin star) going, he has mortgaged our future, PFI QE, and only now are some people waking up to what’s going on, those fully aware I say recruit, recruit
Waiter!
There’s a turd in my soup
Hasn’t he done well?
The Treasury have made some provision in their forecasts for the losses we’re likely to make on the bank bailouts. As of April 2009, unrealised losses from financial sector interventions account for £134.5 billion of the national debt. Northern Rock and Bradford & Bingley account for £123 billion, with a further £9 billion going to compensate depositors with the Dunfermline Building Society.
If this wasn’t bad enough, the picture is going to get considerably worse. The Office of National Statistics has classified the Royal Bank of Scotland and Lloyds as public corporations but hasn’t yet included their liabilities in the national debt. When they finally crunch the numbers, expect the results to be ugly. According to EU figures, Britain has pledged £781.2 billion in capital injections, liability guarantees and liquidity support to the banking system. As taxpayers, we’re on the hook for any losses.
Throw in PFI (where no-one actually knows) and public sector pensions and…stop. It’s too awful to think about
Have you seen the price of those sausages?!
I’m gonna be talking a lot about sausages to take the thicko Rusian peoples minds of more serious matters.
Expensive but nice!
85% meat!
anyone seen Brazil?
Working on a Stalinist collective more likely and sharing your house and bathroom with 50 families. Wonder where they’ll put the Gulag for dissenters? How about Scotland? Plenty of room there. Of course me and the missus won’t be there. We’ll be occupying Buck House.
Guido I wish you would stop posting these lies. Don’t you know that Britain is “best placed” to deal with the downturn – which started in america – and that hard working families can look forward to prosperity, jumping the council house queue, and state sponsored private tutors for their kids. Yes, the future is bright. I don’t know what you’re all worried about.
gordon wouldnt lie would he ?
after all a minster of the crown lie?
a clown of a minister.
ratthing, you are so right!
only this morning the news that the unemployment figure in Germany fell in June serves once agin to confirm that Britain is leading Europe and the whole world out of this global downturn.
Yours,
England football Coach and QE money supply expert guru.
c/o Rampton.
It’s all too depressing – I’m off down the pub
It closed down last week.
They’re not open yet, you fucking soak. Go to Morrisons and get a can of Special Brew to tide you over while you wait.
Get yourself down to a Victorian market & I guarantee there’ll be a boozer open in the vicinity. One near me opens at 7am and in the neighbouring town 6am!
Can’t afford booze – Darling put the Duty up on it. Twice in the past few months. For the good of our own health, of course.
Cheat Brown of the tax and brew your own
Absolutely no chance of any sort of noticeable recovery before the next election now.More Labour civil war beckons.
NuLiebour – it’s the wrong thing to do.
Just imagine another 5 years of it! That’s what you get for being bad in a previous life.
Hope you’ve got a strong constitution and you are not eating – take a look at this.
She will be dead within the hour.
When I was a lad it was called tonsil hockey.
A worthy candidate for the Friday caption comp!
At least he seems to have moved on from his fetish of being photographed with young children….
She was young a few minutes ago – McBroon was explaining his fiscal policies to her about “we must invest in a recession, tractor production up” etc, the life force just drained from her body.
Someone mention young children???
Heee hee, shamone!
He has to catch Labour voters where he can find them.
She’s saying “Teeth in or teeth out?”
Rest Homes are supposed to protect the residents from gross sexual abuse. does the piccy count as on-line porn?
No Sir Bill, she simply stated “just fuck off”.
I was just checking to see if she had any gold teeth I could use to balance the budget!
You mean sell for 25% of their true value, and telling everyone beforehand so the market adjusts down just in time for your sale?
still a tramp steve?
oh well, you probably deserve to live in poverty.
after all you are such a lazy tramp.
stop posting and start working and maybe one day you will be able to afford to live in your own home!
hobo.
Go away you silly troll. I can live whereever I like thanks very much. Calling someone a tramp bacause they live in a different country is hardly rational and argumentative debate.
I’m sure Guido is not happy with you soiling his blog either, so why not go away and start your own – and fight for your own audience as Guido has had to do to get here, only for stupid idiotic trolls like you to piss off everyone else here
She lived through the depression, WW2, rationing… and now this
Caption? ‘I want you dead, you grotesque coffin-dodger.’
Ya. What did Brown say to that though?
Hazel Blears has aged since she left the government, hasn’t she?
I think I’ll emigrate to Iceland as a refugee from the Brown junta.
That’s actually not a bad idea. I’m sure that we must qualify by now under some convention or other for assylum in another country: we’d be economic migrants, we’re spied on in everything we do and are under a regieme that locks people up without trial and won’t let us see the “evidence” for doing so.
We did it for East Germans and most other communist countries. Time for someone to return the favour?
Brown classed them as Terrorists. I’m sure the Icelandics would just love to get to know some anglos to explain up close and personal just how they feel about that. Face it Brit boy you’ve soiled your own nest and no other decent fucker or nation wants to see hide nor hair of you. You’re the modern day lepers.
Not quite. Iceland has become a cheaper place to take holidays and tourism is one of the few paying industries they have left. Brits are very welcome, unless they have the Brown surname.
I think you fancy gordon brown the way you keep going on about him you filthy fat lesbian.
You can get a retirement VISA to the Phillippines (US$50,000 if your over 50). A Filipino maid costs just US$25 per month. No more British winters. No more council tax. No more telly tax.
The bad news: it’s set to get worse for several years. Interest rates will start to shoot up in about two years time, and reach about 5-7%. Productivity (UWC) will decline heavily for three years. The cause: Brown’s Bonkers Borrowing.
Projections from bivariate analyses of time series; details at http://justtotheleftofvenus.izfree.com/htm/soundandfury/290609-trending_against_psnd.htm
A doctor’s heart always sinks when he is presented with a letter from a patient written in green ink.
It’s all of a piece with my being “an idiot, full of sound and fury, signifying nothing”. I have to remind myself to be humble lest I suffer from delusions of competence.
A work colleague just told me of one of her friends getting £30k for being local and buying a local house!
£30k from HMG to invest in aproperty of your choosing, purely by dint of being a six fingered hick! That’s my money you socialist hoons!
Please don’t call Yvette Cooper a six fingered hick. I counted seven when we last met.
Guido. I like “an horrific”. Have you been at “Fowlers” again?
The tories need to get across to labour’s core voters that cuts in spending are unavoidable whatever party wins the GE. It’s just that Brown is trying to suggest otherwise, and may be having some success.
Apparantly £200 million of the planned spending on homes is to come from Balls education budget…
“Schools Secretary Ed Balls confirmed that £200m was being transferred from his department’s budget to the DCLG to help pay for new homes.”
http://news.bbc.co.uk/1/hi/uk_politics/8125663.stm
So that is a £200 million cut in education spending under Labour
But ain’t thay also employing a further 100,000 personal tutors for dumb sprogs?
Where’s that money coming from – Housing?
BREAKING NEWS – The government’s figures just don’t fucking add up!!
BREAKING NEWS – STEVE’S A TRAMP WHO HAS TO RENT OUT HIS OWN HOME BECAUSE HE CANNOT AFFORD TO LIVE IN IT!
FAILURE!
SAD SAD SAD STEVE.
we should have a whipround for the dirty tramp.
here’s 10p steve.
Well, the view from my nice place in the sun says otherwise, thanks very much
If you can’t argue someone’s point without attacking them in person and IN CAPS, then maybe you should go back to school and learn again what you should have leaned first time around!
£200 million!
How many sacked teachers is that?
(or do teachers only get sacked under Tory Cuts?)
The streets are full of NEETS (on the dole init) smashing stuff up, smoking 30 fags an hour and fornicating in bus shelters.
MPs are isolated from this are they ride the gravy train mowing down taxpayers.
If you don’t like capitalism’s tendency to have regular booms and slumps why don’t you try another system?
Because the alternative translates to a permanent bust! At least capitalism gives us booms!
Distributism seems a viable alternative. The problem with political systems is that they all tend to look pretty good on paper, but fail to take account of man’s inherent greed. Distributism was pretty much the way things were done before a combination of crooked Kings and Clerics stole nearly all of the common man’s land, therby making him dependent on either the State (left wing politics) or his employer (right wing).
But if we agree capitalism inevitably has booms and slumps why are we blaming the particular governments in power in capitalist states?
Capitalism (which doesn’t exist as a philosophy as such) I grant you does have regular adjustments for mal-investment of one sort or another. What makes these adjustments into booms and busts is the sticky fingers of politicians and their lackeys in central banks. Historically there is an direct correlation between excess booms and consequential busts and central banks economic and fiscal ‘management’. Especially under lefty regimes. Their attempts to moderate capitalism’s (which doesn’t exist…) adjustments by messing about with money supply and counter market forces interest rate fiddling just exagerate the adjustments and turn them into catastrophes. Much better to let the market set interest rates, and in my view go the whole hog and return the right to the citizen to make his own money. This would mean banks issuing their own money, and under Greshams Law – Bad money drives out good, if it is at the same price – the good money banks would prosper. Issuing money would make them behave and properly reserve, especialy if the really good ones used the gold standard.
Money is much too important a thing to leave in the hands of politicians and governments.
That makes too much sense for these bampots – it forces them to admit that their doom laden soothsaying is a load of crap. Lets have the politics of HOPE rather than theh politics of FEAR. Englishman, be like Braveheart – vote LAbour to protect your F_R_E_E_D_O_M,,,,,,,,,,,,,,,,,,,,,,,,,,,,S,p,e,d,o
We’re doooomed!
Quick, mention how well the housing market is doing! Quickly, quickly!
I was watching that documentary about the caribbean the other night. Trevor Macdonald visited Communist Cuba. Broon would have been tossing himself off watching it. Everyone paid the same wages – doctors earn same as a taxi driver. You report to your local “shop” once a month for your “rations” – state subsidised food. Factory workers have to listen to their (state owned) “newspaper” being read out to them, while they work, and daily TV news bulletins containing constant upbeat stories about Castro’s latest wheeze.
But here’s the thing: While explaining that the country does not “encourage” consumerism, they also showed an electronics store that had goods costing more than ten times the average worker’s yearly wages. Who can afford those?
It wouldn’t a ruling elite by any chance, would it?
Think UK in 20 years time when all those ex-state workers are living on their fat tax-payer funded pensions, while the rest of us are living on our “rations”.
The Brown dream will finally have come true.
I am a conservative but dont really believe that Dave can do that much better now, Brown has screwed it up for the next 20 years. What I cannot work out is the pound which is screwed climbed against the dollar which is only partially screwed.
I think the US$ is also quite screwed. There’s plenty of grumbling and murmuring, and not just in the wilderness, about the plausibility of the US repaying its current debts, and the status of the US$ as a reserve. Especially if you take, as some have, S&P’s ‘negative’ for the UK as a warning shot to the US.
In the last couple of months the pound has actuallly gained about 10% against the dollar – that shows just how fucked the dollar is at the moment, although the pound is well down on wjere it was a year ago
Mar 2008 $2.05
Mar 2009 $1.37
Jun 2009 $1.65
shame a tramp like you can’t afford to take advantage of the currency exchanges, eh steve?
but you would only spend your profits on scrumpy anyway so it is probably for the best that you are a homeless tramp.
I’M TOP BOY
YOU’RE A TRAMP
TORY SCUM.
What the fuck? I would hit you but I’m afraid it might knock some sense in…
Piss off ‘tat’. You’re an annoying, little, abusive troll who adds shit to a good blog.
Go drink your own scrumpy.
correct Bellman. it’s a race to the bottom of QE-trashed currency between the dollar and the pound. California is already bust, issuing IOUs rather than cash. America will blow, splintering into several balknaised-like states. China is ready to deliver the coup de grace later this year. America is finished as a free enterprise, middle class country. Obama is a horrible re-run of Blair – promising the earth to the poor and delivering trillions to the bankers and war and taxes to everyone else. Fucking nightmare country; just watch.
I’m no fan of taxes, but I was in World War 2 and it was great. I got to drive a tank AND shoot Germans. My wife ran off with a Yank while I was garrisoning Lueneburger Heide, but otherwise I’ve no complaints.
I’m glad someone has noticed that Obama is justa black Blair. Agreew ith all you say excpet about China. China has made its dosh on the back of am mercantilist protectionist beggar my neighbour approach to trade. If the west can’t buy, China can’t sell. Their Dollar reserves will evaporate like summer rain. Add to this 20m unemployed going back to the countryside already and you have the recipe for serious internal unrest. Furthermore their has and continues to be massive mal-investment in many areas, but especially real estate. All their indiginous banks are bust.
So I reckon that they are just as fucked as we are.
shut up lola you dopey retard.
President Obama is better than JFK.
you were a john mccain supporter, weren’t you?
you loser.
Pound is doing reasonably well against the euro at the moment too.
Its still at a better rate than its been for about 7 months.
LOLA, China has been buying up strategic commodities for over a year, on a global scale; and in the last month has been talking about a global super-currency (ie not the dollar). They are going carefully, as they don’t want to do anything that would cause a sudden dollar devaluation; but they are quietly selling dollars nontheless and buying gold, oil fields, lithium mines etc. They are more Cartesian in their approach than our political pygmies, and they’ll do a damn sight better than us as a result.
What has the economy contracted? Swine flu?
Yes
that swine Brown flu over the cuckoo’s nest
Ha ha
Unfortunately for us, he climbed out of the gene pool when a lifeguard wasn’t looking.
More likely a bad case of “Brown’s Syndrome”!
But will die due to underlying chronic health problems.
It’s not swine flu, that’s nowhere near fatal enough!
More like AIDS or cancer from those figures. 2.4% in Q1 is an annualised rate of 9.6%, there’s nowhere else in the world in that much shit!!
Actually it’s 9.95%, as it’s compound interest.
We’re all doomed!
Oh, there you are
Oh – so THAT’S why Broon is always on about “Mr 10%”
Go on DC, I dare you…
I’ve missed you
Gordon Brown has ended the cycle of boom-bust that plagued British economy since the end of WW2. Only under Gordon’s guidance, vision and leadership can we hope to escape the worst effects of this downturn (which started in America). Now more than ever, we need someone with the calibre of Gordon Brown to see us through the tough times ahead (it’s not just Britain it’s a global crisis). Let’s all get behind Gordon and give him our full support at this critical time (green shoots coming soon).
Ha ha ha very funny!
Excuse me, I think I’m going to be sick.
The money to build the houses is coming from other budgets.
There are fears that the widening of the M25 will not go ahead for example – how many jobs will that cost?
Whilst Brown claims 45,000 new jobs as a result of the house building, what really matter is the net number of new jobs… will their be any?
The £2.1 billion that is to be allocated to build 110,000 new homes works out at just £19,000 each – is that realistic?
Seems to me to be typical Brown / Mandelson – all spin.
No new money because the Country has already been bankrupted by Browns policies.
No real new jobs, just rearranging the deckchairs to give the appearance of action.
Just in case you have actually swallowed yesterday’s pack of lies delivered by Brown & Co and are as deranged as our “Beloved Leader”(although I suspect that this is a “wind up”) – there is absolutely nothing in what Brown re- announced yesterday that will actually make a difference or for that matter even happen this side of an election. Brown has “fucked the country over” good and proper.THERE IS NO MONEY LEFT ! Got it ? It’s all in Brown’s active and fevered imagination. The country is bankrupt!!!The only reason we haven’t see a massive run on sterling is that the markets are hoping that there will be a Conservative government in less than 10 months to put sanity back in the public finances !!
The only thing I’ll be getting behind Gordoom with is a dung-fork. Or possible a civil-war pike.
Careful, or I’ll be applying a torque wrench to your nuts. 110 ft-lb should do.
Well said engineer – but hey, don’r forget to clean your wrench before you put it back in your brain. Labour is the caring party,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,S,p,e,d,o
that was a joke right ?
Let’s hope so.
But then again, Gordoom Broon is one big joke at the minute…
a dangerous mental joke at that lad
You know what, its not worth even getting angry any more at such hoonery.
You’re one of two things; an agent provocateur, a wind up merchant, throwing scraps of raw meat to the dogs for your own entertainment, or you truly believe it.
If you truly believe it, I can only feel heartfelt pity for you. Boy, are you going to be crushingly disappointed.
But say this very slowly: ‘Brown…. or…. Cameron?’ ‘Cameron…. or…. Brown?’ Not very edifying is it?
When you mentioned “Green Shoots” coming soon, the image that went straight through my mind was a bunch of environmentalists running around in their horse and carts trying to shoot Brown!
You failed to mention that a revision in the 2nd quarter 2008 figures now show that the economy retracted in that quarter (previously it was flat), so the economy went into recession earlier than first claimed.
Gordon Brown had claimed that we went into recession later than most countries – it was a lie.
He claimed that we would emerge sooner than most countries – it was a lie.
He suggested that the recession would be less severe in the UK than most countries because of the good work he had done – it was a lie.
How dare you suggest our Great Leader is mendacious? Shame on you!
Yep. I spotted that and tagged it on the previous thread. I was always suspicious about the 0.0% ‘growth’ for Q” 2008. The amount of financial engineering to defer the official start of the recession by a full three months must have been immense. But not quite enough as it turns out.
Anyway there are the full five quarters of recession under our belt. That equals the Tories proud record. From tomorrow onwards Labour have the deepest recession for fifty years or more on their record. Where it belongs.
I really do wish they’d devote as much energy to running the country as they do to rigging the figures.
Germany’s GDP fall is far worse than the UK’s.
Germany’s unemployment level and increase is far worse than the UK’s.
Ipso facto the UK recession is less severe than Germany’s.
Germany’s unemployed total fell in June. the UK unemployment totals rose.
Lies, damned lies and statistics.
Where would most of the readers rather be right now, Brown’s Britain or Germany?
I’m voting with my feet in 3 weeks and out of here. You can keep kissing the one eyed lying jock Huhne’s arse all you like.
It is still higher than in the UK and forecast to grow more than the UK unemployment rate.
Government-subsidized short-term work contracts have so far helped companies steer clear of mass layoffs despite weakening export markets and declining consumer confidence at home.
Is this too much government interference?
Shouldn’t they just let the market decide?
MB; I backed you against resurg…etc but I think you are on weak ground here. Firstly the German economy is coming from a very different place in terms of the continuing effects of integration and the heavy reliance on auto and engineering. This is likely to make its shape different and recovery stronger and earlier. Secondly, the German stats are more reliable – so unemployment nos are less massaged by factors like incapacity benefit. As anyone who has tried to cross against a red light in Germany knows the Germans have no concept of breaking the rules.
You would do better to make the case against France and Italy. France is like Longbridge under Red Robbo and has a national stats office so corrupt it reckons Sarky the Dwarf is 5ft 6in. Italy (like most of its companies) has 3 sets of books – one for the record, one for the bosses (the EU) and one which is real. I believe Papa also owes half the national debt to Romes escort agencies.
Actually the press statement is misleading – the year-on-year fall is the worst “since records began in 1948″ – so there is no previous record of a fall that bad.
So as far as the bean-counters know it could be the worst fall ever – but they aren’t going to say that because it would produce a panic in No 11.
Most likely it’s the worst fall since 1931
What it should say is “the worst fall on record”
Or as I’m sure the Tories will choose to present it… ‘The worst fall in recorded history’.
‘The greatest national disaster since 1066′ would just about sum it up.
Another first for useless then, he keeps racking them up, Tartan book of financial disasters: No1 Gordon Brown, my Hero.
Wouldn’t surprise me if this quarter is even worse.
If and more probably when the commercial property sector crashes in flames there will not be enough money to bail out the banks etc.
Oh I forgot this lot will just print it.
Our great grandchildren will be paying for that.
Support for this government is now approaching treasonable activity and all good men and women should examine their consciences.
Both Lab and Cons are telling porkies. The truth is we will need cuts in public spending of more than 10%. I am all for closing govt departments completely, e.g Trade and Ind, Health and Safety Executive, Welsh Office, Scottish Office, etc etc. Now cuts of 25% are more like it and while I’m at it no more subs to car/van manufactures if they fail they fail, if it was good enough for the coal ind its good enough for manufacturing.
In the course of running my business, I have contact with a local county council department – and not one which would be associated with mega profligacy in the mind of the general public.
Probably 50 % of the ‘work’ they perform, would not be carried out in a company that had to pay its way. And of the staff, nearer 50% than 25%, would be considered as superfluous.
Words cannot describe the anger I feel every month as I write the PAYE cheque to HMRC !
It’s never really been much different, though, has it?
Remember the old joke about the council roadmen who had forgotten their shovels? They rang in to the depot and where told, “Don’t worry, lads, we’ll get some out to you. In the meantime, lean against each other.”
Excellent ! Please , please the Useless Scottish Office first!
It does nothing for Scotland ,never has never will, why do you think we hate Westminster soooo much?
The answer is the Westminster office for Shafting Scotland!
And please would you lot down there get moving on an English parliament ? PLEASE!
We’d so like you to have one, they might even have to listen to you , they might even have to stop pretending that the UK can strut the world stage with impunity
( as long as the USA is their bestest friend that is! Those accross the pond whose finger is on the trigger of Trident 1 and will also be on Trident 2 if this ridiculous waseful Westminster Govt gets its way. Thats what the UK has become , an airport and American base)
Do try to concentrate. The word useless is superfluous in the phrase “useless Scottish Office”; its a tautology.
Close as many quangos as possible. and renegotiate severance terms for their members.
Government consultations consist of all the quangos asking each other for their opinions at huge expense.
The consultation documents for DEFRAs plan to collect more taxes for disease control is so long and complex that nobody in the private sector will have the time to participate.
But the Government will claim that everyone was consulted.
correct. but I think you underestimate it. A £200bn overspend on a £600bn budget means a one-third cut requirement. Telling ordinary people this will create blind panic. Tens of thousands of coppers, teachers, quacks, civil servants will get the bullet. Britian is a sick country with sick in the head people thinking they are rich and have a first world economy. Good for those who are strong in mind and body and saw the charade all along for what it was. Rich pickings to be had from the poor creatures thrown up by Engerland’s final demise.
Across the board public sector pay cuts would be better than mass lay offs at the moment. MPs would have to include themselves, just as they did in Ireland.
The biggest cuts should be made on the highest salaries with the lowest paid untouched.
The arithmetic is fairly simple, and it gives the unions a choice; take pay cuts or take job cuts.
Fantastic – socialist redistribution of wealth at last by the back door. Well done Labour.
There are a large number of civil servants on the minimum wage who could not live if their pay was cut.
Cutting the pay of someone on 100k a year does not make life impossible for them.
Did you hear Balls get a bollocking from the lady interviewer on the Today prog this morning? Cheered me up enormously.
He was churning out the porkies by the bucketload, and trying so hard to stay on message I nearly hit my new digi radio.
When she got him onto future spending cuts he sideswiped each time with Diamond Dave’s plans to give the rich a handout in death duties… or whatever they are called nowadays. He was a disaster.
I have my own list of what to cut first, but your list is not so bad.
Presumably the contraction would have been even worse if you strip out the staggering proportion of GDP attributable to govt spending. And the fact that GDP measures all economic activity, including consumer spending financed by borrowing.
ps Financial Crimes suggests that with government spending at c 50% of GDP, the fall in the private sector contribution would have to be around 6.4%.
No folks! You’ve got it wrong!
liam b at the treasury says the figures are “historic” and relate to the state of the economy months ago.
According to him growth will be back by Xmas!!!!
Al over by Xmas – where have we heard that before?
It’s a long way to Tipperary,
It’s a long way to go…
They certainly are fucking historic… Just not in the way he meant it.
This lot are pre-historic.
Has he said which Xmas?
Doesn’t matter. I’m going to vote for it.
Thank goodness for that. For a moment there I thought we were in the deepest of deep shit.
Phew, that’s a relief. In which case I assume that McBust won’t mind publishing the financial review that he’s desperately trying to hide?
Any chance that the whole government could be over by Christmas?
any chance that you will still be a tramp at christmas steve?
there is always the soup kitchens.
tuck in tramp!
tat by name TWAT by nature – go drag your club back to the cave and hit your wife over the head with it you airhead troll.
Scary stuff indeed – puts Brown’s lies about “public investment” into sharp relief. Let’s just suppose we end up in the worst of all possible worlds and Labour wins the next election – there would still be massive spending cuts and tax rises, because there is simply no alternative. Labour in Government have bankrupted the country (again!).
Let’s put things in a manner which is understandable – Brown and Labour are a bunch of incompetent, contemptible, barefaced lying scoundrels! That is the reality – Labour must be booted out of Government and prevented from ever achieving high office again. We need a new party of the left which is at least honest.
The problem is that none listens to you any more Gordon. You are a dead man walking. We all now know that these grand pronouncements are nothing less than words only and when you and Newliars do initiate something it inevitably fucks up. The problem is that you and your merry men know nothing except politics and have absolutley no idea of business. Money does not grow on trees and I get the feeling that there is no publication of the review figures before a GE as you and your band of incompetents are frightened to show us just how bad you have fucked up.
It must be great spending other peoples money but the games up…..almost.
There is a global economic and financial crisis, Brown could not possibly have caused it all.
German GDP is set to fall by a greater percentage this year than the UK GDP percentage fall.
German unemployment is higher than UK unemployment and is set to stay higher than UK unemployment.
Yes, but it is Brown who rashly promised “an end to boom and bust”, it is Brown who irresponsibly let public spending and borrowing rip during the good years and it is Brown who created the tripartite system of regulating the banks which has proved inadequate to the task.
In other words, Brown is an incompetent, nasty, crooked liar!
Brown left the country ill prepared for the downturn everyone knew would come at some stage by borrowing recklessly to buy popularity. The man has destroyed everything he touched.
You omit to say Germany still has an industrial base to pull it out of recession when economies have picked up. NuLab have progressively destroyed the UK base so there will be little to help us climb back out.
The point being made is that Brown has not caused the crisis. The proof for which is the conditions in Germany and many other countries where the effects of the crisis are worse than those in the UK.
complete donkey wank
Germany is the 2nd largest exporter in the world and is suffering because cars and machine tools have seen a drop in demand ( Japan likewise ) when the world resumes to growth watch as the german BMW overtakes the NuLab Allegro.
Over the next 12 months watch as the UK overtakes Germany ( unemployment, govt indebtedness, economy shrinking )
I don’t live in Germany.
Are you in some pain?
you’re a Huhne, asshole. German unemployment reported this morning fell in June. They have this thing called Kurzarbeit, shorttime working, which has spread the pain of crashed exports in their manufacturing sector onto the widest base, rather than UK where the bankers’ bonuses rise to historic levels and everyone else get’s fucked. Any other country would be in insurrection. Germany will recover as it has solidarity not the freak caste system of UK and its dumb animal population accepting any shit spewed out to them.
the unemployment rate in Germany in June according to ILO guidelines is 7.4%. Official ONS UK unemployment rate in Apr was 7.2%.
UK unemployment rate expected to have grown between Apr and June. German unemployment figure in old West German states under 7%.
now fuck off arscloch and die.
Baiter, we dont give a fuck about Germany.
In case you missed 39-45 skirmish, this isnt fucking Germany, its Britain.
We didnt elect Angela Merkel. We didnt even elect that monocular megalomaniac Broon!
Merkel isnt to blame for whats going on over here, the buck stops at Number 10 Downing St!
Stop yakking on about frickin’ Germany for fucks sake!!!
My apologies, I’m paid to sit and fire off dog crap by my masters. Doesn’t get worse than this. Oh, now if I did it for free it would be far, far worse….
Rebuttal unit = very very sad indeed.
You do your case no favours by writing such effete filth and abuse in an effort to masquerade as a macho man. Merely it serves to highlight your manifest and multiple inadequacies.
Anyhow the point is the crisis is felt all around the world. Brown has not caused the crisis to be spread all around the world. It is a fallacy to imply that he has. If he hasn’t there must be an explanation for why the conditions in other countries are as severe or worse than in the UK.
Actually that’s not the point, rather it’s why Brown has made the situation in the UK so much worse than it need be. All economics work on a cycle and Brown refused to put money aside for a downturn. Worse, he encouraged a boom the cost of which will be paid by our children.
The same Brown who spoke of his “golden rule” trashed the economic base of the country with his henchman Ed. Pensions a disaster, off balance sheet accounting a la Enron etc.
Brown’s mismanagement is the point and it is no fallacy to re-state the obvious.
yeah, the krauts are on their own.
for goodness sake, we saved them from nazism by defeating their country in military combat and now they want us to underpin their failed economy.
bugger off krauts and take that ugly bloody lesbian leader with you.
Free competition means for the great mass of people a tyranny probably worse, because it is more irresponsible, than that of the state.
Yeah look at N Korea bastion of freedom, liberty and tolerance.
Therefore a mixed economy is preferable. The current crisis is a direct result of an excess of laissez faire markets.
The current crisis is a direct result of freedom and markets passing an accurate judgement on the flawed, profligate and wealth destroying policies of global politicians. The markets are us the people. We’ve seen through the bollocks of the socialists and their insane accounting and we want no part of it any more. Wherever you look you can trace financial meltdown straight back to failed lefty goverments.
In the US the legislation used to force lenders to make mortgage loans to unsound borrowers against all the well tried and market tested risk measures. the securitisation of those mortgages by nationalised and unnaccountable banks – Fannie Mae and Freddy Mac – not subject to any form of market discpline.
Over here you have Browns mad policy of distorting the price of equity capital and debt capital, making the latter underpriced and hosing excess quantities of it at banks whose capital requirements had been undermined by the various Basel accords and a disfunctional regulatory ‘system’ A regulatory system deliberated created by Brown to remove all the traditional and working checks and balances so that he, Brown, could get on with massively expanding the money supply without any part of the regulatory system being able to comment on it, let alone do anything about it. This vast and bureaucracy has created a rule book 8 and half feet high of double sided A4 wich no-one reads and no-one understands – especially the FSA – and everyone does their best to ignore.
In China you have protectionist and mercantilist trade policies that have achieved the impoverishment of its customers. The currency exchange rate falsely pegged against market forces, so that their exports were underpriced. Their exporters subsidised. The energy subsidised. All leading to massive misallocation of capital and wealth.
In Europe, the EU, the biggest anti-free trade area on the planet dumping subsidised agricultural produce on Third World nations so breaking their own farmers and making them even poorer. Promoting mad ecomentalist policies like food miles which are a sure way to keep Africa poor. And the EU is most undemocratic organisation on the planet.
Mr E A B – you are total prat,
I say Lola splendid!! Are you as foxy as you sound?
oh yeah that bitch’ll do anything if the price is right.
double penetration, everyfink!
she’s even more slutty than new girl, and she’s a real crackhead whore.
innit.
Check out the latest on Shady Malik
http://www.timetogomrmalik.co.uk
Is this the same Shahid Malik who wants to see 200 Muslim MPs and an occupant of No 10 who also follows the Religion of Peace?
You’ve got this all wrong, Guido. The Prime Minister announced today that we will all be legally entitled to first-rate public services (whether or not we’ve ever paid any tax) so it CANNOT FAIL to happen.
Quite right. The Fuhrer’s moving his nonexistent divisions on his map table, and cannot understand why the Russians are at the bottom of his street. Not only is McSnot deluded, but like Hitler his body seems to be packing up. I’d like to know how much Demirol his own Dr Feelgood is prescribing him. I’m hoping he does the Jackson shuffle before too long.
Hey, don’t bring me into it. If I was medicating the fucker, he’d be long gone.
I doubt if it is demerol – Brown is making difficult decisions for our own good and he wouldn’t let a little thing like pain get in his way. Mind you, the legendary video suggests the possibility of a small whiff of nitrous oxide in the air so I could be wrong.
Well, what a surprise!
The ONS and the OECD seem to know more than Brown and Darling when it comes to the country’s economy.
Balls was on Sky this morning telling us all how marvellous they all are with their spending package for schools. He mentioned that he’d had to take some difficult decisions regarding where the money came from, but didn’t actually tell us what services he’d had to cut to raise the money. He then started on the same old rubbish about the Conservatives cutting budgets whilst they (Labour) were investing in schools.
Until we can actually see for ourselves exactly how much we are in debt, this sham of a government will keep lying and covering it all up.
I heard that the current stated unemployment figures are also much more in reality. About 4 million.
We have to get rid – and quickly!
You forgot about the Bank of England – Mervyn’s interview with the Select Committee last week was shocking. He normally speak in diplomatic language but instead stopped just short of calling the government a bunch of Hoons!
You are incorrect, if you take the trouble to look at the video, you will see what he said. In the main he was complimentary to the government’s past and present policies.
MB, it is you that is incorrect:
http://www.telegraph.co.uk/finance/economics/5627626/Bank-of-England-Governor-Mervyn-King-left-in-dark-by-Treasury-on-bank-reforms.html
“I have not been consulted on what will be in the White Paper and I haven’t seen a draft of it…”
“All we can do at present, before a bank is deemed by the FSA to have failed, is to write our Financial Stability Report and give speeches. If you’re content with that, that’s fine by me. What you can’t do is turn around afterwards and say ‘You have the statutory responsibility, why didn’t you do something?’ when there is nothing we can actually do.”
In yesterday’s session, Mr King described the scale of Britain’s budget deficit as “truly extraordinary” and criticised the Government’s track record on fiscal policy.
For such a diplomat, that language is truly extraordinary
I think your moral compass has gone askew again, try taking it out of your anus
Both of you should watch the video, if you have the brains to find it.
I am a lonely troll, pity me.
I’m free fancy a chat ?
Have watched it already MB. The point is made in a very subtle way, as always for a man in his position.
He is a governor not a politician, therefore will not use the same overt language of critisism as someone like Cameron or Osbourne would.
Within an hour of his speech, the pound had lost over 1% against both Euro and Dollar, and the FTSE was down by a similar amount – coincidence?
Baroness, you are far from free
An interesting question would be how much banks have lent under the scheme to provide a partial Government guarantee for loans to small businesses. This was announced in January to a loud fanfare, but experience suggest that the amount actually lent is approximately four-fifths of bugger all. Businesses and jobs are still being destroyed by failed banks.
I work in the Commercial Finance Industry, I can tell you that I have been approached alot by companies to source this type fo funding only to have the case rejected everytime!! Banks are giving the finger to Brown and his stupid policies.
Government ministers lying to the public should be punished contemporaneously and punished very hard indeed.
Grand Guignol before the watershed so that future generations can see the feckers disembowelled when they have the gall to insult us with their fabrications or overstep clear lines of enclosure.
Balls has utterly lost whatever plot he ever had.
The sickly toad is spouting his ‘wubbish’ at every opportunity.
Obviously not bright enough to see how nasty and desperate it makes him and his loons look!
No, No, No.
Everything is wonderful, watch Liam Byrne telling Paxo how it really is. I for one am convinced: ”At least do us all the courtesy od assuming we’re not fools”.
Liam Byrne, Chief Secretary to the Treasury, said the figures were “historic”, reflecting the state of the economy months earlier.
“They don’t change the judgment made by the Chancellor in the Budget that growth will return at the end of the year,” he added.
“There have been some tentative signs that the fall in output is moderating and I remain confident but cautious about the prospects for the economy,” Mr Byrne said.
Royal Bank of Scotland economist Ross Walker said: “Although to some extent this is ‘old news’, it does serve to emphasise the size of the hole out of which the UK must climb.”
Labour can cetainly “spin” better than the Tories andI’m right behind Gordon Brown.
LABOUR INVESTMENT OR TORY CUTS
Tory cuts please.
All Labour “investment” is pure shite. OECD today condemns Labours running of NHS and the education nsystem in particular.
Dave needs to grow a pair on this issue – he needs to be upfront and say that 10% is not nearly enough. He will gain huge respect with the public if he is as honest as possible, even if he’s delivering bad news.
We all know who fucked up the economy, DC needs to make sure he has a good strategy in place to sort out the mess!
Argeed, Steve. Stark reality may shock a few to start with (though obviously nobody here), but in the end, Whichever party is the more honest now will gain (or retain) power at the GE.
…and GB has shown just how much honesty he has at the last couple of PMQs, has he not??
Saying this sort of thing here in preaching to the choir though, it’s getting the average man in the street to whom economic data (with the exception of unemployment and inflation) might as well be written in a foreign language to understand just how much shit we’re in!
Much as I hate them, it’s the soundbites that’ll do it. Dave C’s “The Governor of the Bank of England has taken his cheque book off him and torn it up” was a good one. Margaret Thatcher hit a chord in the 1979 election campaign with “I may not know much about economics, but I can balance a household budget”.
Continued NuLiebour mismanagement and profligacy, versus Conservative reductions in spending and waste. No contest really. At or near the top of the list must be Brown’s Broadcasting Corpn. This bunch of wasters sent no fewer than 407 people to Glastonbury. With over-manning on that scale it is now time to reign them in by a significant and permanent reduction in their funding.
Sorry, before Mr Pedant comes along – it should of course be rein.
They all should have been left there…….never to return…buried in the mud!
You the real one or the spoofer.
i can never tell – anyone spouting that sort of shite has to be a deadpan comedian or seriously deluded.
Where’s Prezza when you need him? Still going fourth, I suppose.
They’re certainly historic. But not in the way he wants us to think.
Musing of late on the intellectual pygmies squatting in the HoC, I was struck by this comment posted in reply to the Rachel Sylvester piece linked to by Guido:
“In the Brown Utopia we see precious few new policies but all the same old tricks. “Building Britain’s Future” sounds like his PhD thesis which an Edinburgh University History lecturer said at the time was “indescribably turgid and with a lack of insight so total as to be a thing of wonder.”
James Cameron, St Andrews, UK”
I can’t source this, but have discovered it took him 10 years to complete and was never published (unheard of these days). As a retired academic, I do wonder about the intellectual qualities of our Great Leader. And this judgement makes me wonder how he got the award!
He obviously knew someone in the right place.
Or did someone in the right place.
Or he let someone do him in the right place.
Virtually nobody who submits a PhD thesis gets failed. To fail a candidate creates far too much shit for the university department and, as very few PhDs actually qualify anyone to do anything they couldn’t do without it (psychology is arguably the main exception), the academics take a pragmatic attitude.
It was awarded in 1982, so newfangled financial penalties for non-completion and failure didn’t apply.
The main subject of the thesis was one James Maxton who is famous for many things but mostly for a remark he made when his old friend Ramsay MacDonald rose to speak for the last time in the House of Commons. As he rambled on to everyone’s embarrassment, Maxton could stand it no more and growled from the backbench — “sit down man, sit down, you’re a bloody tragedy” (thank you Crikey from Oz).
“indescribably turgid and with a lack of insight so total as to be a thing of wonder.”
I’m still chuckling. Was this a description of his thesis or the man himself?
I posted this before, but its worth repeating. Brown only gained his PhD because both the internal and external examiners were Labour party hacks who were committed to putting him through. This is quite well known in some small academic circles.
Quite a bad contraction for Garroway et al too
http://www.dailymail.co.uk/news/article-1196438/25-cent-pay-cut-shorter-holidays-GMTV-stars.html
That’ll teach her to play with dolly’s.
Bottler Brown bottles it again. And why DID Mandelson slap Gordon down, so hard?
Are these figures the reason why Mandelson slapped Brown, down? Is he trying to get him out to try to get someone in who is not such an utter disaster?
And why does he want to get rid of the poor olf hereditary peers. They are the only ones who are not troughing labour appointees.
Labour have more than enough money – they have been taking advice from that other mad Marxist Robert Mugabe – its soooooooo simple They will print as much as they need
I went to the Job Centre today. I have been out of work for 9 weeks now.
I was told that I would need to go on a compulsory “Back to Work” course to make sure I am making suitable efforts to find work. The course will remind me of the steps I need to take to find work whilst claiming Job Seekers Allowance so that if I don’t find work, I can continue claiming. Childcare costs will be considered whilst I am at this meeting and, should I require an interpreter, one will be provided.
My Job record book is almost full. I look for work using many methods every day. I have had interviews where I’ve been told that I’m over-qualified, and others where I was the “token outsider” amongst four or five other internal people who were well known to the interviewer, and each other.
If I could find a job and never have to go back there it would be heaven. A lot of other people in there are full of excuses as to why they can’t do even the simplest of jobs. I can hear them as I wait for my slot.
This situation is never going to improve by wasting more money sending people like myself on courses, which will tell me what I already know. There must be plenty of people like me, who are qualified but can’t get work despite much effort. Surely the government should be concetrating on the feckless and lazy, who have no intention of ever working for a living.
They are, they’re called Labour MPs
what they dont understand is that employers mainly want plebs…….
if you are a graduate with 20 years experience in banking then you will not get a menial job-because the employers think that you will either be pissed off after 2 days- or-that you will push them out of a job!!!!!!
these courses are shit-
there are hardly any jobs…..
i live in southend-my local job centre are advertizing for nurses in darlington…….
ffs! i am not a nurse and i cant just up sticks and move 200 miles……..
oddly if i did move i wouldnt get a fat cheque like mandy or a plush flat!!!!!!!!
i want to see every labour mp and minister publicly flogged……..
allowed to recover-then flogged again!!!!!!! etc
Move, the Poles did.
Or to put it more plainly, on yer bike!
Yep. We have considered that and we’re looking into it. We’re now too old (over 50) to be accepted for immigration to Aus or countries like that, but we could move to Europe somewhere and set up there. It looks like it would be far cheaper than existing here.
Can I watch?
If they’ve got no intention of ever working for a living, like my chav brother in law, fuck em. Cut their benefits off completely. Fuck the lot of em.
Do yourself a favour hoof, vote with your feet. Get out of this godforsaken Broon, celebrity obsessed, illiterate, X-Factor shithole as soon as you can.
With you on that one. I am qualified and experienced at senior levels but redundant at 50 with assets > 16k so nobody wants to know. I will do anything but cannot even get an interview – or a reply. CV written with professional advice, similar advice procured by myself for a job hunt strategy. Very frustrating. Right now I don’t want help from the government, but I may in the future – and it won’t be there. Meanwhile my savings (my income) are about to be hit by rampant inflation. I need a new strategy but I will feel more confident once the idiot Brown has gone……
A lot of these companies can employ youngsters at half the money. They don’t want experience, they want the job done dirt cheap. I did that 30 years ago when I trained for everything I could.
Living in the UK is hugely expensive. I’ve learnt that very quickly since my redundancy. We own our own house, so we are not eligible for a lot of benefits. The best we can hope for is that it sells, and soon. The proceeds of that, and anything else we can sell, will fund our migration.
No point sitting there waiting.
Just rent it out and go.
Surely the only reason that Job Centres exist is to provide employment for those who actually work there – oh, and to create the illusion that this ‘government’ is doing something useful.
Let’s face it, would any half-decent company bother to advertise jobs at a Job Centre ?
There are much better places to find the right sort of people for good jobs.
Did you here ‘Headbollox’ ranting on this morning on Toady to Sarah Montague about his ‘new school’s initiative’. He was like a Gatling Gun regurgitating Michael Gove this and Michael Gove that, not answering the question about ‘Labour Cuts’. It should have been a question about ‘Labour Cu*ts’ because he is one of many and he should know the answer!!
What a despicable, oily, sweaty ugly hoon he is……just like me!!
Last chance for propoganda just before the dreadful figures were released, bet he ran out of the Today studios, don’t expect any senior minister to be available for interviews in the msm for some time.
O/T Britains immigrant killers..
http://tinyurl.com/kptsdr
Gordon will spend his way out of it.
Can he spend it? Yes he can!
Guido – you’ve hit the spot with this thread! They’re posting so fast I can’t keep up with reading it.
Poor Ed Balls – he sounded desperate & despotic all at the same time on Pravda Toady programme this morning.
Time and again he was just allowed to ramble and rant incoherently about the evil Tories as the wise Pravda woman painted her nails and allowed the next leader of the Labour Party (smirks) to run through his pre-prepared list of buzzwords and phrases.
If Ed Balls is really the future of the Labour Party they are in very srerious trouble indeed.
Happy days.
I note that 20% of Tory MPs read Guido Blogs. If a Conservative government is returned to office, can they please not copy Ed Balls’ technique of non-stop talking when answering interviewers’ questions.
I am convinced that Labour Ministers have been coached in the “art?” of talking as quickly as they possibly can, thereby drowning out the interviewer and preventing further questions, and bringing in a dig about the opposition every 30 seconds.
I absolutely hate it.
Dear Gordon
Regarding: UK Economy Contracting Worst Since 1958
Thank you for lying and stealing from all of us who never have yet had the chance to not vote for you.
Yours,
A person who won’t be voting for you and your lot
Make that two people. At least…
-2.4%
“Things…. Can Only Get Better!….”
PMSL if only it wasn’t so serious. Does anyone think Q2′s figure will be any better though?
With less than one year to go, after 12 years in office Brown and after completely castrating everything he has now decided it is time to “Build Britain’s Future”. You couldn’t make it up.
He’s obviously on medication.
Less than a year to go, eh?
We’ll see. The economic maelstrom has just started, it’s going to get worse. There’ll be an Emergnecy Order under the Cicil Contingencies Act and, hey presto, Our Glorious Leader will be able to continue his unstinting work to bankrupt UK plc.
Slightly O / T.
According to the BBC, alcohol ‘kills one in 20 Scots’ (see here http://news.bbc.co.uk/1/hi/scotland/8126129.stm).
I’ve just ordered a crate of Carlsberg Special Brew, destination Downing Street.
Order 20 crates and you’re bound to get him
Done.
Don’t you have to have a brain to be a target?
Personally, I’d like to add liquid nictotine to the cans to make absolutely sure and as justified revenge for the health facism which is making a nonsense of the claim that we live in a democracy.
…but it makes living in Scotland bearable for the other 19.
I see mcbroons trolls are out in force again today. Come back on around 5pm, they’ll all be gone by then. They all post from their non job offices living off the taxpayer as usual. They’ll all be claiming flexi time too for the time they blog on here.
Brown to gamble with July 23 by-election in Norwich North. The result will come two days after MPs rise for the summer recess.
http://www.timesonline.co.uk/tol/news/politics/article6608243.ece
Cowards die many times in their lives, the Valiant taste death but once.
It’s actually far, far worse than it looks. Remember, this is with Brown’s fiscal stimuls operating at full throttle, pumping zillions into the economy by adding public sector non-jobs financed by a budget deficit equal to 14% of GDP. Government spending is going up at 6% a year, and the whole economy is going down at 2.4% a quarter. That means the private sector is dropping at over 6% a quarter or 27% a year on an annualised basis,
http://alexmasterley.blogspot.com/2009/06/ons-screw-up-again-economy-more-shot-to.html
Apparently in place of the now dead Wacko Jacko Gordon Brown will be performing 50 gigs at the O2 Arena starting this July.
It’s reported widely today that Gordon is highly in debt and needs the money.
Gordon will start out with “Smooth Criminal”, before moving onto songs like “I Can’t Help It” and “Off The Wall”
He’s already perfected the Moonwalk.
Yeah… he goes backwards…
This is it!
This is it!
This is it!
Its not easy to walk backwards whilst giving the illusion of moving forwards.
Forward not Back.
Bad?
Don’t blame it on the Darling
Don’t blame it on the Gordon
Don’t blame it on the Tony
Blame it on the Tories
I just grow, I just grow, I just grow the deficit…
Bad?, bad as it can get, really really bad (Gordons been told this means Good).
He already has the Thriller ghouls sitting beside him on the Front Bench.
It all goes back to 1997 etc etc etc. How many times have you heard these liars tell us that?
Well there really is no comparison, one was a complete nutjob who couldn’t relate to normal people, spent money like it was going out of fashion, got married as a smokescreen to try and keep hidden his sordid private life, saw himslef as some sort of Messiah and lived in a never never land with a chimp called Bubbles.
Then on the other hand there’s Gordon and Ed Balls…
Well ofcourse labour won’t win the next election. But that doesnt mean honest dave will either.
I see a lot of tories are now reading your blog guido.
Well I wouldnt vote labour if they offered me the entire national debt, but it doesnt mean I’ll vote tory either.
Your position on europe is as dishonest as labours is, you will contnue to add votes to ukip and you know this. You should sack ken clarke.
You also continue to ignore the mass immigration issue, benefitting the beenpee party.
I can now understand why there are civil wars in countries and revolutions.
We are not far off this now with regard to immigration and the injustices the policy brings. What will you do? Provide weasel words like liebour did yesterday?
you would have been the natural party to go to with the state this government is in but you are not any more. Your party is losing votes as you know.
Ignore these issues at your peril. You are not at the level of support that blair enjoyed before he was elected.
I hope you take note. You still have a problem with natural english voters who would normall vote tory unless you take action, there will only be a hung parliament. That’s the best you can hope for with your timid policies.
there will only be a hung parliament. Thats the solution then, get the scaffold ready.
The patient has two doctors.
One is saying, “You are in perfect health, my previous treatment has fully restored you, and you can carry on with your life without problems.”
The other says;
“You are terminally ill and have only months left to live unless we start a long, unpleasant and expensive treatment programme.
The first doctor is lying but lots of people will want to believe him and may also be in a situation where they are insulated from the reality of their disease.
DC is the second doctor and has a difficult message to get across.
I agree with you about Europe though. They will not get my vote unless they stop being so mealy mouthed about it.
The ecconomy has never been in better shape and we are in a period of sustained economic growth.
I’ve just rushed out and bought another 5 properties, thank you labour.
My god I’ve woken up late today….
Liar!
I love it when he reads out what I tell him too. mwah Gordo xxxx
P T Barnham… I’m not gainsaying you. Years ago there used to be something called ALBSU: the Adult Literacy and Basic Skills Unit. They looked on ‘official’ government figures with a very cold eye, and did their own surveys. I guess your 11 year old RA figures would have sounded about right to them.
I’d like to know how many people read less well than the average 9 year old. (It is no longer acceptable to say ‘reading age’, because it is not PC and felt to be demeaning. (!) )
ALBSU estimated you needed an RA of 9 years to read the Daily Mirror with any understanding, fill in the simplest form, read a bus timetable etc. An RA of 11 is really not so bad as you might think. I reckon functional illiteracy is below 9 yrs… but hell Nulabour has been in a long time, so today’s 11 year olds may read like the 9 year olds of yesteryear. :-0
This stuff is relevant in an economics thread, cos if we get it wrong other countries may not, and our kids may become the hewers of wood and drawers of water for the nationals of the countries who don’t!
It is true that only people with the mental age of a 9 year old read the Daily Mirror.
No, that’s the journalists.
About twenty five years ago, I met a lady who was a graduate teacher and moved up into setting and marking A level exams. She was very clear about the pressure she and her colleagues were placed under to LOWER the pass marks so that more youngsters could get to university. So, dropping standards is not new and governments have been lying to us for years. Damn them all to hell!
Very analogous to quantitative easing.
It’s not just A Levels – lecturers at some universities are expected/required by to “bump up percentages” on exams and essays submitted over the year(league tables again= applicants=funding) for those that clearly have very little academic ability or even have a question mark as to whether they should be at university in the first place. In turn this has a knock on effect to eventual degree classifications which is why some employers if not most require a degree of 2.1 or better(10 years ago 2.2. would suffice) and also additional UCAS points of at least 300+ to weed out the less gifted graduates.Such is the price we’ve paid for Labour’s aspiration to achieve 50% school leavers going on to university.Those that stick the 3 years and graduate (particularly if it’s from an ex-polytechic ) even with a First or 2.1 degree find that prospective employers are not beating a trail to employ them – even more so in the present economic climate – leaving a lot of very angry 21 year olds who feel that they have wasted 3 years and run up debts of £20k average for absolutely zilch return. Brown’s initiatives for 18-25 year olds in his “national plan” will do very little for these young people I am afraid
This is nonsense. Our world-class schools are in fine shape and exam results have never been better.
But there is still more to do. The Government intends to make it a legally enforceable requirement for all schools to achieve a 100% pass rate at GCSEs and A levels by 2012.
Britain under a New Labour Government will then lead the world, the solar system, the galaxy, the universe and beyond. Because I said so.
Ugh, this is all doing me noggin in.
Apologies in advance as it’s my first day off the fags so I’m a little “tense”!
Will someone please sort out this pile of sh!t that our government has become?
If I was in charge here’s what I’d do:
1) Any “PC” type job/inquiry/review – fucking stop it immediately. I’d rather pay these twats £60 a week for doing nothing than hundreds or thousands a week for making a mess of the place.
Is it really a sensible use of taxpayers money to fraudulently apply for jobs to see if a surname can make a difference as to whether one gets an interview?
Is Cambridge gay enough?
2) EVERY single govt department – protect front line staff (teachers, docs, nurses etc). As for rest of them I want to see a 30% cut in cost. Don’t care how it’s done, but 30% please.
3) Translators / document translations etc. Stop. Now.
4) Final salary pension:
Stop any new entrants immediately. Put together a package which is equivalent to a typical private sector package and give it to current employees.
5) Trident – on hold. If we’re to have no deterrent for 5-10 years so be it.
6) Cut company tax if possible as stimulus
7) Relax, and have a fag, knowing that its a job well done.
No pensions for MP’s. They got us into the mess, so let them suffer.
As Harriot Harmone said about Sir Fred the Shred’s pension it’s “money for nothing”.
“The prime minister has said that it is not acceptable and therefore it will not be accepted,” she added.
We could use Harmwoman’s own polemic about pensions – namely Nu Labour’s “… it might be enforceable in a court of law, this contract, but it is not enforceable in the court of public opinion and that is where the government steps in.”
Mandelson held Sir Fred “personally responsible” for bringing RBS to the brink of collapse and did not deserve such a pension pot for his “terrible misjudgement”.
They’ve stated what they’d do – shouldn’t we apply the same polemic to the Nu Labour pensions?
To Dr Nuts.Let’s cut that mad bitches’ pension first and when she complains we can put it before the court of public opinion. That would give that Spiteful man hating whore something to think about!!!!!!
scrap ID cards
DO NOT give up the weed. You are selling out to the NuLab health fascists who have closed down half our pubs and turned the rest into children’s organic juice bars.
my lovely lady lumps
Lumps what?
Humps? Surely not the sainted Sarah?
“laddy” surely. Fudge-packing one-eyed arrisbandit.
Gordon is a genius.
Gordon (Viv Nicholson) Brown spend spend spend.
It is time to establish a core NHS.
A basic service that treats people with basic UK health conditions. Accident and Emergency treatment. Pain reduction treatment.
Cut the NHS budget by 50-75% and sack all the managers, overseas doctors from the state payroll.
Privatise the remaining Hospitals and allow people to drop out of paying NI contributions and pay into the private Hospital companies direct.
With the safety net of the NHS and welfare, then you are inspiring people to be weak and look to the safety net as their guiding light. The Nu Labour model has used the NHS to exert control over us.
My philosophy is simple, if you own a nice car, would you put Tesco petrol in it, the answer is no, the same should be with your own body, look after it and pay your own insurance or die. We all have to die why we create a major industry to stay alive for a year or so longer. Give people a fair choice if they would rather pay for their car or house than medical premiums then they deserve to die earlier than having a nanny state give them a continuous safety net.
The basic NHS should be free for all, but other additions should be paid for.
It is our choice how we treat our bodies not the state. This would give a major boost to the economy, cut spending immediately and reduce the burden the Tax on workers.
They have ruined the economy and this once great country. They are now lying about it. They condemn the Conservatives as the “do nothing” party, but doing nothing is better by far than what they have done and intend to do. Manic and certifiably insane, Balls, Mogadon Darling and blame everyone but me Brown. The bailiffs will soon be here.
If The Boy David would only say the right thing he’d win the fuggin’ general election with a massive landslide.
Labour are liars, pure and simple. He should get his researchers to produce a poster with “Ten Labour Lies” listed on it. This Government has, over the last decade morphed into a stalinist, authoritarian dictatorship. It won’t be long before our kids are being briefed by teachers to report any thought crimes we may commit at home. Then we’ll be arrested and bundled off for a spell of “re-education”.
They have lied over immigration, crime, health, education and of course, the economy.
Cammo – that scrotum of yours should by rights be occupied by a couple of bollocks.
Stand up and use ‘em.
I think you might be mistaken, sir.
You must be confusing this toad with a man.
Feels like another tidal wave of bad news and collapsing policies for Labour is on the way; is this going to be the wave that finally swamps them? Even the BBC is now applying a reasonable test to announcements: “Is this real? Is it credible? Is it funded?”
If they do that to every Labour utterance the fuckers are dead in the water.
In other news, apparantly that Ed Balls is a fucking arsehole.
‘Best when we are bold, best when we are Labour’
Oi! ordes of professional benefits scroungers, public sector undead, BBC trots,
‘physically incapable for work’ vermin, your Labour masters wont be able to protect you for ever.
Who are you gonna vote for then?
Huhnes HAHAHAHAHAHAHAHAHAHAHA
Nice sentiment for the Mentally unwell.
Funnily enough the last group of nice men who thought like that was the Nazi’s. The terminated the mentally and physically disabled first. Saw that no-one cared then moved onto the political opponents.
Like your political stance!
The economy – one minute people say there are signs of recovery, next minute its all doom and gloom again!
NuLiebor and its apologists keep seeing signs of recovery (must be the drugs) but incovenient facts keep slapping them down.
When the bailiffs arrive at Dover to seize British assets they’ll still be seeing signs of recovery.
I’m Master Baiter’s go-to economist. Whenever he wants some shit about the unquestionable wisdom of QE I simply knock him out. No I mean I just knock the Huhne out.
I once heard the accursed Barbara Roche say, when she was in the Government and asked what they had achieved so far, “Yes, well, we’ve dealt with the re-distribution of wealth…..”! Actually she was wrong. What they were doing and continue is not the redistribution of wealth, but the utter destruction of wealth.
Labour has ruined us with its spending and now plan to continue the spree, having convinced themselves that that is the cure.
If you reach your limit on your credit card, just get another one and continue spending.
Robert Maxwell was a paragon of honesty, integrity and exemplary financial probity compared with Labour.
Jail them for incompetence while in charge of an economy.
They have time to play petty games about the Speaker while we float away down the sewers.
Comparative Advantage IS the fount of Wealth.
Taxes on Income destroy Comparative Advantage.
Socialism is wealth destruction, not redistribution.
Check out Coffee House!!
Balls has gone bonkers!!
Asked Fraser Nelson to withdraw comments refering to Balls as a Liar!!
Fantastic – especially the comment about McBride!
Balls is a Liar and a proffesional one to boot. Wanker!!
He is announcing a load of lies in the commons this afternoon too!! Lets see what Bercow does!!
Must be heatstroke……or magic drugs that we all need to be on!!
I can just imagine Balls on Call My Bluff when the next word up is Rancour. Over to you Ed
Yes: another example of New Labour paranoia. You’d think he’d have better things to do, like running his department, than trying to bully journalists. This proves perfectly that their ‘reputation’ (cup of warm spit, anyone?) is worth more to these malcontents than the jobs for which they are so handsomely paid.
And remember, the treasury is not even his department!! Darling…..
Quite so. I suspect it’s a mark not only of Ball’s personality (if one can so dignify the mess of neuroses that constitute this ghastly man) but of the way this shadow of a government is being ‘run’ that it is Balls taking up the cudgels to justify the trickery and lies, not Darling.
And hw long before Liam Byrne can’t take any more and starts laughing in mid-bullshit?
Excellent post by Fraser Nelson which proves two things:
1) Balls doesn’t like his lies being pointed out to the public.
2) Balls thinks it’s acceptable to bully and threaten journalists.
‘The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens’
It’s a corperatism that we are being screwed over by, big buisness and goverments hand in hand.
Capitilasim is where you use your assets or skills to increase your wealth or you pay the market rate for other peoples skills/knowledge.
Corperatism uses regulations (created by their payed for goverments) to lower the wages that people can demand (ever wondered why minimum wage has actualy lowered peoples over all income in relation to the cost of living since it was introduced) as well as flooding the labour markets with people that do not need to earn as much as they do not pay most of the taxes that people living in the country HAVE to pay.
you have been misguided/conned by the labour bull mate, as people were conned by the tory bull before that.
hang them all and go back to how things were done before the wars of last centuary, combine that with modern living standards thanks to technological improvements and you have a much fairer system.
john maynard keynes 1883-1946 is our prime mentalists favorite economist.
I think hes dangerously barking myself
Did we deserve this?
Someone voted for them – they should be held criminally responsible.
So should Bliar for lying about serving a full term!
yes. the majority chased the good life, the ‘British Dream’ centred on house prices which was as inane as the American one which it aped, just more wank. The majority cared not about how they were governed or criminal wars of aggression.
Compare: Today in Germany the Constutional Court acceded to complainants against the Lisbon Treaty. This means the German lower and upper houses will have to go back to debate it again, probably amend it and vote again on its ratification before the President can sign it into law. One of the foremost complainants was Count von Stauffenberg, the son of the attempted assassin of Adolf Hitler. The quality of a country is the courage of people to stand up to oppression. England for that reason deseves what it will now suffer.
Lest we forget:
Greenspan signs up to UK Treasury (1st Feb 2006)
“Former US central bank chief Alan Greenspan has agreed to become an honorary adviser to the UK Treasury.”
http://news.bbc.co.uk/1/hi/business/4669778.stm
So in a way, it really DID start “in America” and Greenspan brought it with him personally to Number 10.
IMO the only advice Greenspan gave to Gordo is how to feck up the UK economy as he’s done in the States, as planned by the corporate banksters before disappearing off into ‘retirement’ with a wad of dosh as Gordon expects to do here – off the backs of honest, hardworking, ordinary (!) folk like us who fail to learn any lessons from the scams perpetuated upon us throughout history. We are seen as ‘fair game’ to be continually ripped off because we’re just too polite to say NO MORE!
I keep a mental “arrest list” and these two jokers are close to the top…
O/T.
The fellow who was behind the private prosecution of Old Jackboot has thrown the towel in ‘cos he couldn’t afford the prosecution costs.
Shame eh? Too late for a whip round. Funny that her husband Mr.Limpknees liked a Whip round.
Taxpayers Alliance and the Daily Mail might step into the gap; they already have a fund.
Look at the Taxpayers Alliance website for details.
He must have considered those options.
Maybe he’s been got at.
OT I know, but could we somehow get a petition going to get Mr. Corti a knighthood or something?
http://www.dailymail.co.uk/news/article-1196479/Pictured-The-battered-bruised-face-burglar-got-wrong-72-year-old-boxer.html
We need more people like Mister Corti.
http://news.bbc.co.uk/1/hi/england/london/8126293.stm
Surely a fighting fund is required?
What do people expect, they are not their to do the job we expect them to do. They are there mearly to push the European integration project.
How will the Conservatives be any better, they promise to dispose of the ID cards yet the same data will be introduced to passports http://www.dailymail.co.uk/news/article-1196411/Legal-battle-mandarin-400m-passport-deal.html
Labour, Lib dems and the tory parties are failures and traitors.
Fuck them all, fuck their slave taxes (we are forced to pay for what they spend, that’s just soft slavery)
UKPLC is a business, not a nation, fuck it, let them pay their own debt.
Try to concentrate. It was suggested that quantative easing is the problem. If it is the problem, which economists if any is that assertion supported by?
MB – how about the Governor of the Bank of Canada & Douglas Porter (Deputy Chief Economist @ BMO Capital Markets just for starters.
In any event the fact that most people think something is right does not make it, inherently right! So rather than ask stupid questions – explain why you think it is the right approach or does your knowledge of economic theory not extend that far?
jgm2 made the assertion and was asked for examples of the economists he referred to instead of answering there resulted the usual a snow storm of irrelevance and invective.
Which is fine, since it highlights the vacuousness of many Conservitude Party supporters.
Ben Bernanke and Mervyn King to mention two eminent economists maintain that quantitative easing is beneficial.
shooting you in the back of the head would also be beneficial but it doesn’t mean we should do it… hold on…..
no no, forget that last bit, we definitely should double tap you you weasel.
“GET UP AGAINST THE WALL!”
master wanker, are you some kind of wind up merchant? You cannot seriously believe all these tractor stats you spew, like some tired old Pravda hack.
Do yourself a favour…walk into town and chat to ordinary people in the street – feel their anger at what this bunch of thieving labour crooks have done to our country.
And then watch what happens at the next general election. You’ll see for yourself the public’s verdict: NuLabour is finished. They know it, and are pursuing a dishonest, almost criminal scorched earth policy. Once again the Nulabour elite put their own skins before the good of the country.
We will not forget it.
O\T I have info concerning mismanagement in housing between a lab council and HA in a London borough. If its told to the council they will try to throw a blanket over the story. Can anyone help me with a phone no of somebody who will investigate said story? I cannot pursue it myself as i need anonimity,for reasons you can probably guess.
Check Guido’s details above – he likes getting stories.
Also Private Eye or the Evening Standard are known for investigative journalism in London.
Of course if it’s about the illustrious baroness U and her disgraceful occupation of a housing association house depite the fact that she claims a main home in maidstone and also owns a palace in Bangladesh , probably best not to bother because her housing association seems to be run by her family.
nell dear, you really shouldn’t be associating yourself with smelly old tramps like steve.
poor show!
Steve’s not a tramp dear – he’s an expat.
I’ve been one of those myself and I can tell you they shower every day and sometimes twice a day – it’s to do with living in hot climates.
tat’s a worrying name – it’s the slang we attached to the stuff we stored in a cupboard until we could give to a jumble sale.
It’s not all doom and gloom. Actually it is but this might help: Summer with Stanislav, a memoir.
http://www.spectator.co.uk/coffeehouse/3725688/talking-balls.thtml
I’d have laughed so hard at the ramblings of this boogle eyed fat oaf I think I may have prolapsed.
Seems that Browns dirty tricks operations are still in full swing despite the supposed exit ( he never really went away ) of Mc Bride.
Good on Fraser Nelson. The more Balls et al are exposed as the liars and cheats they are, the more chance they’ll lose the next election.
Harry Cohen (MP) is, wait for it…. stepping down at the next election
don’t you just lov ‘em????
You think he would have held on a bit longer he’s only troughed a mere £100,000 in expenses so far.
Oh wait – his chances of getting re-elected next time are worse than negligible.
What excuses did he give – I need to retire for my health – or I want to spend more time with my family – or even I’m retiring for my long awaited memoirs….
Shouldn’t the headline read ‘Brown’s Sphincter Contracting Worst Since 1958′?
Forget 1958, Guido.
The year-on-year “growth” in output is the WORST ON RECORD!
Almost 5% in a year!
Brown, after inheriting the most benign of economic departure lines and bragging about unparalleled periods of growth, has bestowed upon us the sharpest recession ever measured.
Liam (fiddle and watch it) Byrne apparently said today, “There have been some tentative signs that the fall in output is moderating…”.
Really?
Because the supposed fiscal stimulus, recapitalisation of the clearing banks and quantitative easing have actually managed to procure a decline in the M4 money supply of £2.2bn as reported yesterday.The cash is simply not making its way into the economy.
First-time buyers are faced with an impossible 25% deposit threshold. Vast numbers of home-owners have yet to see their payments come down, due either to fixed rate schemes that have robbed the BoE of proper monetary control, or the fact that cash-strapped banks have elected not to review their customers payments. i.e. People are SAVING, NOT SPENDING.
35% of the workforce is now occupied in “unproductive” activity, with the cost-burden set to increase under plan for “Brown-guaranteed” jobs.
Capital expenditure on e.g. the Olympics is supporting a largely transient, migrant and not particularly skilled workforce, whose income leaks back overseas. The prospective cancellation of strategically important defence contracts will, on the other hand, accelerate the destruction of our domestic industrial capability and skills base, with subsequent impact on imports.
Real economists, Mr Byrne, are increasingly discussing the possibility of a double-dip recession.
The impact this would have on tax revenues will put us a million miles away from Govt forecasts. Await a proper S&P downgrade and the IMF moving into No. 11.
WHAT THE FUCK HAVE YOU DONE TO OUR COUNTRY GORDON?
Any “prudent” fortchoming spending review should rightly consider increasinging police pay and numbers!.
Pardon ? Increase police pay and numbers ?
We’d be better off without the police, the way they behave right now.
They’re highly politicised and are there solely to persecute law-abiding citizens and stop us rebelling.
Now, if they were do what they’re supposed to be there for and bring criminals to book, that would be fine. Trouble is, the biggest criminals by far are in Westminster.
343 Lee H – the Coffee House article is excellent on the arrogance of mr ed bully b and his distortions of economic ‘truths’
I love where Fraser Nelson says “Blogs have infinite space and people with endless energy ” (hey folks – that’s us !! Take a bow!!) “and if you plan to base a whole election campaign on a lie, as you apparently do, then you are in for a rude awakening.”
Balls Balls Balls, it’s all Balls!
And why is the Education Secretary now suddenly taling bollocks about economic statistics, that’s surely the job of the Chancellor? Has anyone seen Darling recently?
He knows it is all bullshit and probably can’t bring himself to spout such bollocks. Only a second hand car salesman like Balls can keep a straight face while the tractor production figures spew out.
If there is no economy there is no chance of a bust
Gordon said he would eliminate boom and bust and he is doing so. Very shortly, as you say, there won’t be any economy left and his promise will have been delivered on. The real fools are the voters who didn’t understand how he would achieve his aims.
UK public sector net debt is £791 billion (see http://www.statistics.gov.uk/imf). With 29.1 million people employed and paying tax, that is £27,182 of government debt for every worker.
As of the end of last year, UK gross external debt was £6.4 trillion. External debt (or foreign debt) is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions such as the IMF and World Bank.
That means UK corporations and government have liabilities to the rest of the world of £220,000 for every UK worker, showing the perilous state of corporate finances. This explains why the banks are not lending despite being flooded with government cheap cash. Have you noticed that investment banks writing equity research on UK banks fail to make any mention their debt levels in their recommendations for fear of revealing the emperor has no clothes.
If global investors have a crisis of confidence with the Bank of England’s inability to service its debt (especially as Darling has the printing presses on), Sterling will drop through the floor. The UK cannot possibly hope to find £6.4 trillion to meet external liabilities if confidence fails and Norman Lamont’s problem will seem tiny in comparison.
With OECD predicting that UK unemployment will reach 3 million (10%) over the next year, where does Brown think the tax revenue will come from to fund his spending.
New Labour (Blair, Brown, Balls and Mandelson) seem intent on destroying this country by devolution to Edinburgh, Cardiff, Belfast and Brussels, creating debt so huge to undermine the fabric of the country and destroying the only world beating industry that generates the lion’s share of our tax revenues.
“New” Labour should be in the dock for conspiracy and fraud. Hanging would be too good for them.
Wednesday falls across the land.
PMQ’s are close at hand.
Will Dave give voice to nation’s ire
And call this Hoon a fucking liar!
The foulest stench is in the air
We’re bust and Twatty doesn’t care.
And grizzly ghouls from labourlist
Compose their shite – for they are pissed.
And though you fight and try to chuckle
Nae mickles left tae mak’ a muckle.
No citizen unit can resist
The evil, mad Prime Mentalist.
If you want a giggle, try and find a meaningful mention of the economy on The Labour List of Nonsensical, Self-Obsessed, Party-first Musings.
The news is not all bad, though:
Official figures show that numbers of home-owners benefitting from Real Help Now have trippled during May.
From 2 to 6! (see for yourself)
This is absolute rubbish! We weren’t offered any help.
I heard recently that 175 homes per week were being reposessed. If 250 mortgagors are still in the pipeline waiting for government help, they must have a huge backlog.
O/T Breaking – Govt abandons ID card trial in airports this year.
The plan was for the cards to be “Voluntary” but if you worked in an airport you’d need one to get your airside pass, therefore making them compulsory.
Another Labour U-Turn?
The Postman has said that no British citizen will be obliged to carry an ID card.
Is that the same as not being obliged to have one? Why is it that I only half-believe the Postman’s half-truth? Would it be because I suspect that before very long we will find that we are unable to get or renew a passport, a driving licence, a credit card, a bank account, (plus whatever else our rulers can think of) without first having to show our “voluntary” ID card?
The future’s bright. The future is Gordon.
Mervyn King said it would all be over by Christmas 2007
And Gordon is still announcing plans for massive public spending to save his doomed government.
God whoever or what you faith is WE HAVE TO GET RED OF THIS CRAP LABOUR LOT
The UK is in deep, deep shit. The rest of the world know it. This (government) lot of wankers are in termininal delusion. The rest of Europe will get out of this recession before us, they know it Joe public know it. Even the core labour voters realise it. Well maybe not the voters in Hull and the like…. There’s hope there…HA HA! No hope, after all they voted for Prescot! Now’t strange as folk!!
Yes but don’t forget the Chavs and benefit scroungers who rely on this load of troughing wankers for their 42″ Plasma teles, fags and booze.
I know, you know,the hoons and Mc Fuckwit know we are in deep shit but there’s a lot of Chavs and their offspring dependant on this load of wankers to keep them in benefits and they ain’t going to vote for Dave and have their benefits cut and be made to get jobs.
I saw one today, wanted to rent a flat but housing benefit was insufficient to pay the rent-went to the local MP’s office ( nuliebore trougher)to try to get the local authority to pay more.
Aged about 20 no Job-go to work in F***g McDonalds!.
These are the ones who will sue the schools because the little thick toe rag they bred spends all night on the X box and is deprived and behind at school and does not get one to one tuition.
The greatest national disaster since the arrival of SS Windrush in 1948, the B En P are saying.
Mandy has basically just called Osborne a liar as Osborne claimed he was denied access to govt figures. PMQ’s will be fun!