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

Comply or Die at Grauniad | MediaGuido
Labour Beats UKIP in South Yorkshire | LabourList
Mock the Week’s Weak Comedy | Nigel Farage
Can Jim Murphy Save Scottish Labour? | Guardian
There is Still Appetite for the Westminster Lunch | Jon Craig
Labour Turn Their Backs on Jewish Community | Dan Hodges
Chivalry is Not Dead | Laura Perrins
Jonathan Jones is a Tw*t | Iain Dale
Second Scotland Poll Suggests Labour Wipeout | Times
Paedo Probe Boss Urged to Quit | Sun
Keynesian Tories Won’t Eliminate Deficit | Tim Montgomerie


VOTER-RECALL
Find out more about PLMR


Zac Goldsmith: “The hon. Gentleman might like to know that today’s Guido Fawkes quote of the day is the one on drug laws that we have heard cited by a number of hon. Members.”

Mike Hancock: “I am delighted to hear that Guido Fawkes is talking about something other than me.”



“Digger” Murdoch says:

Is it just me, or is Nigel Farage just a top hat and a monocle away from being a Batman villain?


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