Tuesday, September 15, 2009

Labour Cuts!

Pound Whacked After Mervyn King Admits : QE Isn’t Working

Mervyn Wacks PoundThe pound is getting whacked after Mervyn King implicitly admitted that despite printing £175 billion of he might still need to cut rates or even effectively charge banks for putting cash on deposit with the central bank.

We are entering into a monetary policy twilight zone where the governor of the Bank of England, in the words of the FT, has to “entertain more outlandish concepts like negative rates”The QE disaster unfolds…

Quote of the Day

Douglas McWilliams writes

“Once the Treasury became overoptimistic about tax receipts, the money burnt a hole in the pockets of the politicians who blew it on spending binges. But why would an allegedly competent Treasury make such major mistakes in the first place? Here I am afraid is the key to the story – the politicisation of a once great institution. One can argue that the practice started with Mrs Thatcher, but she at least had the excuse that she was trying to introduce a more up-to-date way of thinking. There is no equivalent excuse for Gordon Brown’s appointment of his former political hack Ed Balls as Chief Economic Adviser or for promoting his former private secretary Nicholas MacPherson over the heads of more experienced officials to be permanent secretary. These moves made it clear that Brown wanted to stifle debate.”

Lose the Loser : Harriet 4 Leader!

HARRIET4LEADERCCHQ will be all a quiver at the news that Harriet is back on maneuvers, which she will no doubt deny later today if past performance is any guide.  Her team of volunteers are polling Constituency Labour Party branches for their views on the party leader.  Guido recognises push-polling when he sees it: party activists are being asked to rank Gordon and herself as to who is the “best person to sell the Labour Party” on a scale of 0 to 5. 

It would be very, very interesting if the results “accidently” leaked…

Do you think that it might encourage the penny to drop in few places that she is better than their unelected party leader?  Guido has decided to back her hopes and has come up with a campaign slogan for Harriet. If she was being honest she would campaign to: “lose the loser”.


Seen Elsewhere

BBC: It Was Guido Wot Won It | MediaGuido
Nick Robinson’s Britain First Selfie | Metro
Dyson: Leave German Dominated EU, Join EFTA |
How UKIP Won Rochester | Seb Payne
Labour’s Islington Problem | Harry Phibbs
Ed Lost More Than a By-Election | Labour Uncut
Labour the Biggest Losers in Rochester | Speccie
Thornberry a Gift to Farage | Nick Wood
Is Left Finally Turning Against EU? | Dan Hannan
Labour Votes Going Green | Guardian
UKIP Winning Class War | Tim Stanley


Find out more about PLMR AD-MS


Ralph Miliband on the English…

“The Englishman is a rabid nationalist. They are perhaps the most nationalist people in the world.”



Left on Left says:

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


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS


AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,600 other followers