The 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…
Another Twittish Tweet from Kerry McCarthy | BBC
What’s the Point of Our Anti-Business Secretary? | Ruth Porter
HuffPo Hiring Pro-Iranian Mehdi “Act of Desperation” | Fox News
Krugman is Seductive, Simplistic and Unrealistic | Jeremy Warner
Lower Taxes, Higher Growth, the Statistical Evidence | CPS
Bash the Unions, Gatecrash the Quangos | ConservativeHome
I Told You So: Euro is Doomed | Douglas Carswell
PM Speaks for the Nation When Bashing Balls | Quentin Letts
Time for an Alliance | Dan Hannan
Farage’s Plan | ConservativeHome
Guardian Open News is a Failure | Heather Brooke
Balls Calls for Deeper Cuts | Speccie
Lessons from the Thirties | CPS
PMQs Idiots | Harry Cole
Jon Cruddas is Not the Messiah | Dan Hodges
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Lord Lamont told ITV News…
“I think the PM is just human and Ed Balls is a pretty irritating person”
oh shit
Where’s Gordon?
At the TUC, telling them all he’s saved the world and things are smelling of roses again.
Steve, it’s noteworthy that the only thing this government has got right is the fact that they never got round to signing up to the euro. Other countries that did are now bitterly regretting having done so. It’s noteworthy because it’s an outstanding example of how NOT meddling with the status quo can have beneficial effects if you’re Gordon Brown.
Extending this principle: If Nu Labour had simply sat around doing nothing whatsoever in parliament for the last 12 years, I think it’s safe to say we’d be in a far better position today than we are.
“Other countries that did are now bitterly regretting having done so”
Bullshit. Absolute bullshit.
They are in fact laughing at us, with our bankrupt economy and bankrupt society.
lol, you’re quite probably right there. They could have dont nothing for the past few years and things would certainly be no worse than they are now, most likely considerably better…
Sorry to be the one to tell you this but with one in six of us now working for the State (something like East Germany) the fucking money has run out. I know you were promised an easy life and a fat pension by a walrus of a boss, who you have put up with sweating and puffing every time you bent over to pick up a paperclip, I know the chats by the coffee machine were your raison d’etre and your desk houses the worlds largest collection of fluffy animals along with great galleries of your spastic children’s “artwork” on every wall. But it’s over. The party is over.
So it’s time to shave off the moustache, get your hair done, lose some weight, shave your legs, stop wearing sensible shoes, abandon the idea of knocking off at 5pm and throwing a sickie 20 times a year, reading the Guardian whilst having a shit, pack up your cuddly toys and “achievement awards”, put back the stolen stationary, download the book you were writing in your “spare time” onto a memory stick
AND GET A FUCKING PROPER JOB.
Shhh. Hear that? The sound of 7 million civil service sphincters puckering like Flander’s poppies in the breeze. Bliss.
but old holborn, I thought maggie had sorted the unions out.
according to your rant she failed and failed miserably.
and you fail to mention the part played by the useless tory party in this whole mess.
they have been useless in opposition and therefore would be useless in power.
innit.
Old H, it’s a lot more than 1 in 6 who are working for the state. However, quite a lot of public sector workers do something – heal the sick, catch criminals, teach children (sort of), put out fires, persuade restaurants to clean up now and again and so on. The problem is, they don’t get paid much and they usually get shafted when HMG decides to make some token cuts. No, it’s the hundreds of thousands of quangoids who just annoy everybody and slow things down, the army of NHS managers and other tax-eaters who have to go; problem is, they’re the ones with the power.
#328 SWW:
Teachers don’t get paid much ?
Wake up, man.
UK teachers are in the “top 5″ for earnings for teachers worldwide.
And all that for letting our country and children down for a number of decades.
And how many have we sacked for incompetence during that time ?
Now that’s Public Sector Productivity.
Large sectors of the private sector are also being paid by the state, e.g. any large corporate who provides stuff for the MoD.
Like BAE for example (see the latest Nimrod fiasco).
Quantitative Easing. What’s the worst that can happen?
Lets ask Gordon.
Inflation, Inflation, Inflation.
Inflation, inflation, inflation…
2:45 mins in. Really captures the delusional vision of the man.
Plus the mask really slips to reveal his inner being.
At the vauxhall plant in Ellesmere Port spreading his good luck message, now watch the place be closed or down graded in the next few weeks once magna get to grips with the problems GM Europe have…
This is true: despite the doomsday scenario of a crashing sterling, the BBC and others will be proclaiming from on high how the great one-eyed, starfish licking, rocking horse cuddling pension thief has rallied around our great working class.
Slotting him is too good… he must be preserved in formaldehyde, shoved in the British museum and have a special bank holiday where all our future children can observe the great evil that has caused poverty and dispair to all of us.
Vauxhall’s Luton plant is as good as dead and the Ellesmere Port plant will probably loose 50% of its workforce in order to balance the books and protect German jobs at Opel. A triumph for Lord Mandy.
The Swiss have the answer:
Telling all and sundry that he will cut:
“unnecessary spending”…..why the fuck was he spending our money unnecessarily in the first place?
“cut inefficiencies”……………why now? He’s been in office long enough to have cut inefficiencies long ago……..what has been doing? (apart from robbing us blind).
What a pathetic speech from the worst Chancellor of the Exchequer (and unelected PM) ever.
Why doesn’t he just stop breathing?
why doesn’t Gordo sell our gold reserve and make us some serious cash?
oh.
He’s already tried that, sent it all off, got it valued and was totally shafted. He would have been better off at the local pawnbroker.
This is true. Scap metal prices at the time were higher than what Brown got.
What an idiot. Gold is real money.
Good idea. Best not to tell everyone that you’re going to sell it though – you might find you don’t get the best price………………………..
But nobody told me anything about market economics.
Therefore I’m not to blame
Gordo sold our gold reserve and made himself some serious cash.
Does that mean they will pay ME for having my tracker mortgage?
Ha HA HA
No
Damn
why not
Check the small print, Donald!
Check for TWO signatures on the contract too. If they didn’t sign it, you don’t have to pay it!
What good idea – tripling or even queadrupling rent & rates during a recession!
http://www.coventrytelegraph.net/news/coventry-news/2009/09/15/shops-rent-to-treble-to-pay-for-coventry-1b-facelift-92746-24687043/
That’s the public sector for you.
Recession? what recession. This place looks a bit tatty, lets get these shop keepers to pay for it. They aren’t short of money are they, they get theirs from the same place as us don’t they.
Yes – and have that arrangement fee reimbursed also.
Keynesianism doesn’t work. What a surprise.
But they never even followed the sensible bits of Keynsianism in the credit bubble times.
To right. The pick an mix policy of the Third way.
Never trust anything with third in the title. Third Reich ended in flames , Third Republic got beaten by the Nazis in 10 days, hollow as a kinder egg. Third world, Third party in politics. ..
Pick ‘an Mix Labour enjoyed putting all the brightly coloured sweeties into the paper bag. They loved it right up until the moment they put their selection on the scale and it came to 154kg.
Now who’s going to pay for this lot?
he is a hoon
And Labour will be the third party after the election…
Good point Bill. Third Lanark, third division, third burglar, we could go on.
They never used the good bits of Keynes i.e the bit that’s the same as common sense i.e save some money up for a rainy day.
They just used the sh*te bits i.e spend shedloads of money to create a magic mushroom economy.
The theory of Keynes is good – when tax recipts are high put the cash away for when tax receipts are low and then you do need to borrow as much (if any).
Unfortunately Keynes used too many big words and boring graphs – McRuin just skipped through reading the bits that he liked….or thought he understood.
Keynes had good ideas, govt cannot ignore him in the good times and blame him in the bad times though!
We were borrowing in the boom rather than saving, who thought it would all go bang in a big way when the inevitable recession happened. Every other country is now spending while we have no money left to spend!
Almost Biblical…..fill the granaries in the good years to cover the lean years. That part of Keynesianism is just bloody common sense.
Also known as fixing the roof while the sun was shining. Labour filled the house with electronic gadgets, now it’s pissing it down the gadgets are fusing all over the place.
Too right. Too many bloody roundabouts.
I think you will find that Mr. Keynes said it was a good idea to stash some money way in good times so that you have a bit of slack in bad times. What they are doing now is NOT Keynesianism. It is Lunaticism
I hate to say I told you so, but……
Ditto!
etc,
Surely we don’t want to get out of this recession until the Scottish idiot is voted out.
Surely we don’t want to get out of this recession until the Scottish idiot is voted out.”
You are racist Robert-you probably smell, and are bone idle, like the rest of your race.
Anonymous – ‘like the rest of your race’? Which is what, exactly?
Let’s see now…
1. Brown is Scottish.
2. He is an idiot.
A 100% factual post!
Anonymous – ‘like the rest of your race’? Which is what, exactly?
Well Unsworth-they live south of hadrians wall, usually in slums, HATE being told how crap they are, and are racist to the hilt!
Any guesses yet?
Scottish?
That rules out all the English in Northumberland then. Cretin!
‘South of Hadrian’s Wall’? What, the rest of the world then?
Geography – 3/10.
Bigotry – 7/10.
Inanity – 10/10 Summa Cum Laude.
Calling Mr. Goldfinger an idiot is an insult to idiots of all races.
Ah, irony. It is irony, isn’t it?
Since when were the Scottish a race?
Since God chose us perhaps?
For the obesity trials?
Labour party economic management at its best.
Robert if you wish to slag Gordon -and don’t we all-referring to his nationality doesn’t help
Errr, he’s an idiot and he’s Scottish. That makes him a Scottish idiot. Referring to it may not help, but then it doesn’t hurt either!
He’s only got one eye as well. That makes him a one-eyed Scottish idiot. Now who called him that recently…?
I went to the shops and I bought…a one-eyed SLOBBERING Scottish idiot.
Next!
That’s really terrible, calling him one-eyed and Scottish.
I went to the polls and voted out a one-eyed NOSE-PICKING slobbering Scottish idiot.
Next!
I went to the Poles but they refused to accept the immigration of a Racist one-eyed NOSE-PICKING slobbering Scottish idiot.
Next!
I went to the assault rifle shop and subsequently murdered a one-eyed, slack-jawed, lying, cowardly, snot-gobbling, manic-depressive, arrogant, bullying, hectoring, vain and incontinent Scottish idiot.
Anonymous, given by definition your description, I think that puts you down as a spineless, git, too frightened to give your nationality away?
Oooh! The Grand Inquisitor speaks!
‘Too frightened’? Oooh, how awful!
What’s yours, Jethro?
No, I’m English, but I just can’t be bothered with getting myself an assumed identity, ‘hilarious name’ like yours etc etc.
Ditto setting up password protected accounts. All just seems a bit….keen really. Especially when I can just press a button and send a mocking message, with no effort, whenever I want…
anonymous that makes you a futile English prick that can’t be bothered?
You probably can’t be bothered wiping your arse as well ….
Of course I wipe my arse. Honestly, you Jocks are so touchy…
Go on, cap it all off and call me a racist, you know you want to. Twat.
His nationality is not Scottish (no such thing) it’s British. He is an undoubted idiot and he does come from Scotland. Therefore Roberts posting is merely a statement of fact QED.
Remind me who plays in the Six Nations?
Dunno, but Ireland win.
Crow while you can Fawkes, you’re gonna get creamed in 2010 by the Eyeties, £ 20 on it.
Ireland win very infrequently, Guido.
In fact, the Irish winning record is better only than Italy’s.
Those who can’t play in the Tri-Nations!
More people are using English, Scottish, Welsh to identify themselves. I see the term British eventually dying out, especially if Scotland and Wales vote for independence.
Well that can only be a good thing. I get sick of seeing herion-smuggling Nigerians and Islamic nutters on the TV news being described as “British” – it’s really trashed the brand.
It may die out amongst popular identity that doesn’t mean Scottish exists as a Nationality it doesn’t. They’re still British until burdened with their share of the “Scottish”inflicted national debt and cut lose to high-tax highlands wonderland………
You can sing about your flowers all you like then….
Quite. I’m fed up with AlJaBeeba saying things like “A British man has been held in Pakistan” and then finding out that the guy’s name is Aktar Mohammed or whatever. British my arse!
Note they never call themselves English, Scottish, Welsh or Irish. Just British – a sure sign of someone who is either new here or has not assimilated.
British Asian??????? Is that like cat-fish or sheep-dog? I just know that if some of these muppets that pop up in Guantanamo now and then are British, I cannot possibly be.
Indeed.
There are far too many Scottish idiots in power for this too be a useful descriptor…
How are we supposed to know whether Rob’s talking about Brown or Salmond?
Guido, remind me….how many years between the last two Irish Grand Slams?
There’s lovely for you, boyo!
look cut out the location or race thing. Where ever mc broon was hatched he would still be a fiscally,socially inept fuc_wit
Gordon is the one who keeps telling us he is the son of a manse. I’ve never heard of a manse in Engerland
“A one-eyed Son of the Rectory”?
Isn’t a Manse some sort of cat?
No, it’s mis-spelt as well.
It NANSE..pronounced Nancy.
So he’s a one eyed, scottish, snot-gobbling nancy….Simples!!!
Jockish for “mince” i think.
there’s thousands of them – try Google.
Sounds like an excuse to print more money even though inflation is growing already (month on month). They want to inflate their way out, its obvious for all to see. Time for revenge by the savers by pulling out of the pound.
They won’t mind at all if savers pull out. The purpose of allowing hyperinflation is to reduce the real value of all the the gilts held in sterling. Once the UK owes nothing (due to the pound being worth €0.10 or so) then they’ll all come back anyway.
Of course, the poor saps who stupidly hold on to “savings” in antiquated “bank accounts” will lose out, but who cares about them?
Or people living on annuities but they only worked for a living doing dull stuff like making things so they don’t count.
Much better to spend your life sucking on the state’s teat.
Credit was used by governments to hide the damage caused by it’s taxing of comparative advantage.
Only by undoing taxation and regulation on Working, employment, profits and savings will the economy and thus the currency recover.
Increasing Monetary volume cannot make up for decreasing monetary velocity.
Harriet Harmen would never allow it. It wont happen.
Harriet Harmperson would never understand it. Period.
I thought she understood periods, as wimmins minister.
Hardbint for PM…T !!
right thread this time!
20% cuts in all public service service salaries yesterday. If they don’t like it, well, get another job.
Put them on piecework rates DtP. A fiver a patient cured, a tenner for each street cleaned properly, £ 100/kilo for marching powder seized at the docks, £ 2,500 for each ‘seeker’ sent back from whence they came. Et Cetera.
*applause*
I’ll get my people to talk to your people, think of the agency fees!
Must dash MMMWWWAAA
You won’t like it when they start paying traffic wardens for the number of tickets they hand out.
Oh, hang on……
They already pay the Hunt# for how many tickets they dish out. But the idea is interesting, ‘cept they’d fiddle it. Double counting. Moving the goal posts. Lowering the pass rate.
You are best off just sacking the fucking lot of them and starting again, with the state just providing diplomatic services and a defence ministry.
We are fucked aren’t we?
Precisely.
And this is what WILL happen as Dave’s new recruits (Lord Ashcroft’s chosen army) will force him to follow that course.
This will be a new progressive government whether Cameron wants it or not.
Simply because it was to be for our nation to survive.
It’ll be a rough ride nonetheless and if Unite wish to be in the crosshairs then so be it.
I reckon King is just shorting Sterling… Dead easy for him or his mates, buy a big short contract, announce doom and despondency, make huge profit as the Pound dutifully plummets..
Personally I trust King a hell of a lot more than the politicians to be doing the ‘right thing’ right now.
He has been saying for years that we would be in the shit but Gordoom had his fingers in his ears the whole time, thinking it would never happen.
Fingers in his ears, and head up his arse.
Arse is an anagram of ears is an anagram of arse.
Come on Besiktas
Hang on one cotton-picking moment: is he using the anniversary of the trashing of the iconic Lehman Brothers brand as an excuse to slyly short-sell the currency of which he is meant to be the defender?
To whom does the benefit of such a hypothetical trade accrue – and does it show a profit once the implicit vote of no confidence in Sterling is taken into account?
You can’t say ‘cotton-picking’ as it has Colonial slavery connections and is therefore classed as hate speech.
Whereas the head of a national bank short-selling his own currency is behaving within the proper terms of his government-mandated remit and comes up smelling Harman-fresh. Nero should have taken out a massive ‘put’ option on Rome before he torched the place.
QE can help in the short term if no-one outside the central bank knows its happening. Announcing to Joe Public that the printing presses are in full flight to me seems as ill-advised as, oh, saying (to take a random example) that you’re planning on selling a large parcel of gold shortly.
Exchange rates are the true belwether of a country’s state of health. I reckon we’ll see sub-partiy for the £/€ rate by Crimble.
A falling currency is a pay cut for that nations workers.
A pound in your pocket today is still a pound in your pocket tomorrow. Now which great Labour politician said that during a previous Labour economic crises?
“Now which great Labour politician ”
Jack I claim my prize thats a trick question , there has never been a Great Labour Politician
So what? This is nothing more than a normal activity on a day’s trading, as Guido knows very well.
I challenge him to do a graph for the whole day, when it will be back to normal!
So weak.
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/intraday.stm
there is a noticable jump downwards just after King spoke, and it’s not coming back as yet, over a cent down on the day so far
“We are currently experiencing technical problems which are preventing updates”.
We are all currently experiencing a technical problem. It is called a Labour Government.
LONDON, Sept 15 (Reuters) – Sterling fell broadly on Tuesday, hitting a four-month low versus the euro after Bank of England Governor Mervyn King said he was considering cutting the rate paid on reserves which UK banks park at the central bank.
The pound erased early gains made on a rise in UK house prices and data showing a slower than expected fall in domestic inflation, as King’s statement fuelled speculation the BoE may use yet another device in its quantitative easing toolkit.
In testimony to a Treasury committee, King said it would be “sensible” to cut the rate at which banks reserves are remunerated, and that it was something the central bank was looking at [ID:nKING].
Markets were taken off guard by the comments, which also sparked a rally in UK interest rate futures on the view that the BoE will keep lending rates on hold for some time, after last month increasing the amount of domestic assets it buys from the market to boost liquidity.
“(The comments are) a surprise to the market, given recent neglect last week,” said Neil Jones, head of European hedge fund sales at Mizuho Corporate Bank in London, referring to a statement from the BoE’s monthly policy meeting a week ago that did not include any reference to bank reserve rates.
http://in.reuters.com/article/ukPoundRpt/idINLF39819920090915
Ed Balls’s favourite saying.
We’ll see at the end of the day. Am sure gilt futures, so my eye is on the game.
The pound is down against every single major currency.
And is down well over 1% against our old friend the Pakistani Rupee.
These fools who think the worst is over are going to get a very nasty shock.
W.W.
They are still blaming the banks. No mention of interest rates being to low for the past decade due to the ‘fixed’ measures of inflation.
Reserve lowering was more important in inflating a credit bubble.
This will make future sales of UK government debt interesting, who will want to buy UK gilts if sterling bombs.
Is McBroon going to be first in the IMF queue?
Do Labour governments end any other way??
Scorched Earth policies in action, starting to feel very sorry for Dave and what he will walk into…
Was talking to someone you could charitably describe as ‘tribal labour’ the other day. He was mid-rant, telling me that Cameron would be a disaster because he would ‘trash the economy’. I asked him what there would be left over for him to trash.
Answer came there none.
It’s not ‘Scorched Earth’ it’s Scotched Earth.
No sympathy for Dave. It’s obvious what needs to be done, but it starts with pulling out of the EU. That is required so that we can take the necessary action on our economy. Post Lisbon, the EU would not allow us to do what needs to be done. Dave won’t do that.
I pray that Ireland votes NO!!!
The snot gourmet will no doubt say, none saw this coming and that it was due to circumstances nobody could have predicted and that were entirely beyond his control.
Of course CMD will, with a new wide open goal offing, miss it entirely.
How many outrageously bad cock ups must Von Braun and this government of imbeciles make, before CMD nails any of them to the canvas?
Until they can be absolutely sure that he will remain in post I’m afraid. It makes sense really as he is just about the biggest vote looser. They cannot destabalise him too much or he will be gone.
Get past crimbo and no election and it will then really be too late and in the first week in January all the opposition guns will revolve slowly towards No 10 and a broadside lasting months will ensure. The only difference will be that there will not be a russian hoisting a flag over the bunker at the end of it.
All else will remain the same.
All IMHO of course
nuts did it again!
What, an economic and financial genius who didn’t see that Black Swan heading in his direction ?
Wow. He’s one in a trillion.
Because it is the right thing to do
The pound is getting whacked
Yes indeed. We haven’t seen the pound this low since last week.
Since May actually but, hey, who’s counting…
Never mind dear. Have a little rest.
BBC Radio 4′s “News at One” presenter has a freebe (on Licience Fee payers so who cares) to New York reporting on life after the great financial collapse. Lots of crap about those nasty bankers but nothing about the fall of cable. Typical BBC!
She seemed to have no idea why there was no one there either. Is it cos Wall Street does open until 14.00 GMT.
Gordon is a banker, Gordon is a banker. Whoops wrong consonant.
Jordan is a banker? Well she’s certainly got enormous assets…
I will freely admit that I don’t really understand what is going on in the financial markets, and certainly don’t have a clue what is going to happen next.
What really worries me, however, is that I no longer have any confidence that anybody else does, either; least of all economists, the Treasury or the Bank of England.
It does now seem that it has dawned on the Bank of England that you can’t tackle a massive debt problem by racking up more debt. I suppose that’s some sort of progress.
Quite simple really, U can’t keep spending wot u ain’t got.
Engineer,
QE is adiabatic expansion. What will happen to the temperature of the economy?
“I will freely admit that I don’t really understand what is going on in the financial markets, and certainly don’t have a clue what is going to happen next.”
No one does, Engineer, not even the Sage of Omaha (not Obama). The moment Gordon utters those words he will begin to earn my respect.
what is going on in the financial markets? that’s an easy one!
the bankers ripped us off with fraudulently constructed devices and the government have been forced to bail them out with our money.
the banks have continued to draw massive and unjustified bonuses from our tax bail out and so the government is having to print monopoly money to keep the whole farce going.
and you engineer are such a tory dope that you will be arguing in favour of selling off the taxpayers majority shareholdings in the banks as quickly as possible, whereas I, being a genius, think we should retain ownership and use the profits to balance the country’s books.
there, I think I have covered everything.
TaT, I don’t think we should have put public money into the banks in the first place. They are commercial enterprises, and should have been allowed to take the consequences of their risk-taking actions. All the gogernment should have done is help out the innocent victims after the banks had crashed, by guaranteeing their deposits or by offering personal and business banking facilities through the Bank of England if necessary. Had the government not thrown vast amounts of public money they didn’t have at failed banks, the nation’s debts would not be so great, and we wouldn’t have the arguments about bankers bonuses being paid with public money.
However, the government did bail out dead banks, so we have to tackle the problems we have now, not theoretical ones we might or might not have had if things had been done differently.
never mind all that waffle engineer, what do you say: sell the banks quick and cheap or keep ownership and yield the profits to reduce the deficit?
TaT is a riddle, wrapped in a mystery, inside an enigma. Government owning banks? What a tatty crock of an idea.
Having made the mistake of buying into them in the first place, the government has the responsibility to get the best return for the taxpayer. So – hang on until the stock price rises, and sell in small packets, not great chunks.
Worrying that the government may be considering splitting Northern Wreck and selling off the good bits in an attempt to get some politcal advantage, whilst saddling the taxpayer with the bad debts.
sell in small packets?
what, after we saved the bankers worthless necks you suggest we then let them off the hook and let them make all the profit from our shareholdings?
you are going soft in your old age engineer, I thought you were a capitalist but you sound more like a fucking rag and bone man.
you are an enemy of the taxpayer and your small mindedness would lead to a longer, deeper recession. your tory dogma is not in the national interest.
tuscan tone he always loves a good moan!
what about girobank tone? DOH!
I know you and engineer are tired old men but do try to keep up.
thankyou.
TaT – What are you on about? I’ve just agreed with you (to my surprise).
Maximise the return for the taxpayer.
so you would sell the goose that lays the golden eggs.
you are an idiot engineer, that is not maximising the return that is minimising it.
so we are clearly not in agreement.
please tell me why you tories so very dim?
I assume you have a special fondness for the girobank Tat, as that is no doubt the name diplayed prominently on the cheques that keep you in Buckie, Ginster’s and possibly White Lightning on a feast day. If yew is lucky.
Selling at a loss would be minimising the return.
Governments should not be in the business of running high-street banks. Get them financially sound, then get out as the stock price rises.
P.S. I’ve told you before. I’m not a member of any political party.
TAT
One day you will realise the truth, by then if will be too late. This because it already is far too late.
The TRUTH is that the government does not own the banks, the banks have ALWAYS owned the government, or at least for the last 200 years anyway.
All we own is a large slice of the banking systems losses.
We apparently already have a nationalised Banking system in theory. The Bank of England is supposed to have been nationalized many years ago. Yet The Bank of England is still in effect controlled by The BIS, The IB, and The IMF, which are all still privately owned by the same people that used to own The Bank of England.
Therefore
A very small group of largely anonymous incredibly wealthy and extremely powerful private individuals control basically the ENTIRE PLANET.
Now, do you really believe Gordon Brown is taking on these people? Because history shows us that anyone that ever has, very quickly ended up rather DEAD.
Or do you think that Gordon Brown is actually doing exactly what he has been told to do?
atlas,
we own majority shareholdings in several banks and we must take full advantage of that fact for the benefit of the taxpayer and of the country.
gordon brown hasn’t got the balls to do that so he will have to go and be replaced with a leader who has got some balls. that counts you out harriet!
the game has changed atlas, please keep up.
Governments own banks on behalf of citizens.
Surely then they should give (not sell) citizens the shares?
Simples.
“what is going on in the financial markets? that’s an easy one!
the bankers ripped us off with fraudulently constructed devices and the government have been forced to bail them out with our money.”
Not quite
WE have been forced to bail them out with our money.
“and certainly don’t have a clue what is going to happen next.”
Wiemar Germany except the brownshirts will be the millions of foreign young men packed to the gills in inner city areas who don’t appear on any official government stats.
Just a guess.
Can’t see any other colour than red on Al Beeb’s business data for sterling against other currencies.
As the pound bombs, oil, food, and commodity prices will start moving up. Looks like Brown’s scorched earth policy, debase the currency, an watch stagflation return. Back to the 70s, only without the Bay City Rollers.
they will be touring somewhere
So we can rely on Broon selling of the bank stock when it reaches its peak price like he did with the gold fucking twat
“Back to the 70s, only without the Bay City Rollers.”
At least that’s something.
And the party sevens
I could only afford a party Four.
As much as I think that QE is a load of shit, Cable is just back into the middle of the trading range that it as been since June.
I’ve reached that time of life where the pension arrangements need sorting.
A broker friend has just explained that if you take a draw-down pension, which can be passed to the missus if you croak, the bastard Brown taxes her at 85% once she hits 75.
That’s 85 fucking percent, some of it going to pay for Women’s Outreach Workers in Migrant Travelling Communities.
Does anyone know if it’s true? If so, could they also suggest which is the best way of finishing him off – poison, shooting or the traditional piano wire method?
I was hoping that one of the bruvvers will jump up half way through McBust’s speech and shout. “Bullshit, Bingo! I win.”
Hung, drawn and quartered.
Only way to deal with uppity jocks!!
Oh no, will we get the Hollywoodised version of Brown’s life?
Played by an aging Leonardo de Caprio, face painted Labour Red, screaming “They may take our expenses, but they’ll never take our PEEEEEENNNNNNSIONS!!!!!!”
Can I volunteer to quarter him?
Let’s stick to the theme but with some added fun.
Can we start with the quartering bit then work backwards and hang him … eventually.
Have a special citizens draw to award the butchering knife to winner.
If there was any sense left in this country at all the Queen would get the RAF to napalm Downing St.
I regret to say that Her Majesty has been complicit in manufacturing the dreadful mess we are in now. She retains Royal Prerogative, and could order a halt to the Governmnet at any time she chooses. Churchill was not leader of the Cons, nor elected as PM when the King had the sense to see that Chamberlain was not up to it. He offered the Premiership to him, thank God he accepted. Oh, for a Churchill today!
This is the death throes of the Government funded economic assistance. The Keynsian spending splurge began in 2001/2002 after the dotcom bubble burst. The endemic problems in the Treasury that saw more money as the answer to everything (except military spending that is) were not addressed then, when the trouble could have been handled admirably.
Tackling the wasteful spending in Government. The needless consultations. The numerous overlapping remits. Maybe a bit of tax cutting. The State taking a small step back away from the minutae of our lives. The deftness of skilled politicians and mandarins was not present, all we had was the clunking fist and his harebrained acolytes.
The problem is not Keynsianism (is that a word ?)
The core problem is Socialism.
The Road to Serfdom, indeed.
It was in the 40s, it was in the 70s, it is again now in the next millenium.
Will we never ever ever ever learn ?
It’s true that the last 2 days are solid red (down) days for the £. But we are still in the middle of the trading range defined from 8′th July to 5′th August. Time will tell if this is the start of a new major downward move.
they always run out of other peoples money
Only someone of Brown’s “towering financial acumen “could have landed the country in a scenario like this.It takes real financial skill to squander a surplus;spend billions on public services without actually improving standards very much;sell gold at an all time low and ruin one of the most envied private pension schemes in the world and still spend billions of pounds the country hasn’t got!!
Right!
We were told that JG Broon had a towering intellect.
What we were not told was that he had no fucking brain to go with it!
Quick dump all your money in the timber industry, with all the money these people have committed the U.K to printing in the long term( the polices that Gordon and merv have pursued means steep inflation and probably more money printing), we will make a killing as they fell the Amazon rain forest just to keep up with quantitative easing.
What’s that I hear… it’s the sound of the oncoming juggernaut called inflation and economic woe for a generation… thanks Gordon
http://newslion.blogspot.com/
Or shares in a wheel-barrow company.
@69
PS Bank-notes are made out of cotton.
Twenty-four hours to save the pound!
Twenty-three hours to save the pound!
Twenty-two hours to save the pound!
…
Is anyone listening?
I am
But wait, Britain is best placed to lead the world in the recovery.
Isn’t it?
Gordon?
At the recent D-Day landings, my very old friend, President Omaha, complimented me on my handling of the credit crunch, agreeing that the UK was in the best position out of all the EU countries to ride the storm due to the fact that I, as Chancellor and now as Prime Minister, handled the economy so well that borrowings are lower for the UK than any other EU country and that we are in the best position to recover from this worldwide recession and again lead the world in manufacturing exports.
Complete and utter shite!!
Obama
Another incompetent (Socialist) conman who will be found out sooner than later.
You can fool all of the people some of the time.
I think he was referring to the metal, lead. Makes perfect sense then.
No, he never actually said that, and if he then you have taken it out of context.
Negative rates? Let me get this straight now, they are thinking of charging people for depositing money in the banks? I for one would take out the lot in cash in that case, don’t suppose I am alone in that, I can foresee a teensy little problem if they go ahead with that idea.
It’s more to do with the BoE charging the banks, rather than banks charging the customers.
The idea is that the banks should be lending out their money to consumers and businesses rather than saving it with the BoE. The BoE charging for deposits will help this process along…
Encouraging debt caused the problem – so encouraging more debt will cure it?
Where did these people learn about finance? The telly tubbies?
The vampire Count from Sesame Street, though Alastair always preferred Zoe from Elmo’s World.
It’s time for Tubby Toast. Gordo is the Noo Noo.
Ah.. get it.
So it’s just like a tax on the banks then – the common citizen isn’t affected at all – that’s OK then.
But wait, that tax will be passed onto customers, reduce the investment in the bank, reduce employment and tax paid by employees… etc etc.
They don’t get it – a tax is a tax is a tax on ALL of us.
Stop it.
I say we nominate Gordon for the nobel economic prize. The cause: The quickest destruction of an economy in the history of earth, it’s a real economic feet
http://newslion.blogspot.com/
I think a NoBalls prize would be more fitting!
Just a Balls prize would do. That economically illiterate scumbag was a close adviser of Brown throughout.
Definitely an economic feet (sic), the only prize which should be awarded is Dynamite.
Has a Government ever won an Ignobel Prize? Another first for Britain!
is this a green shoot?
Sure is. Farmer Brown has planted a crop of weeds.
No, a Brown shite.
Somebody from the taxpayers alliance has just published a book in which he estimates our debt is now £3 trillion or £50,000 for every person in the U.K, sounds really bad, but even worse, if we do not return to something approaching an economic upturn fairly soon this figure will start to expand exponentially, bit like a mug who borrows from a loan shark.
loan lizard
There may come a time when default is the only option.
Hope Brown doesn’t have Limited Liability when that happens.
He was quick enough off the mark by demonising Sir Fred and raiding his pension.
Sauce for the Goose and all that.
Financially ruin the man and use his international “no-hiding your loot in offshore banks” agreements to ensure neither he nor his beard can stash away a penny of his taxpayers’ money.
Shock horror, who didn’t see this coming? Liquidating assets and clearing debt would be a decent start. But the hard part is creating a real economy that actually makes things instead of borrowing from other countries like a pissed bloke in a pub with a credit card.
Yes.
The best things that government can do are:
1) Stand back and let the private sector get on with it.
2) Remove as much ‘red tape’ and interference as possible.
3) Offer financial incentive (tax breaks, direct subsidy) to private industry for R&D activities and Training.
4) Tax as lightly as they can. (Not easy in the short term – too much public debt to clear.)
5) Encourage people to look after themselves – to save, to make their own pension arrangements, to take out health insurance, to pay for the education of their children, etc – and certainly not to penalise people for doing any of these things.
Even with this approach, it’s going to take a generation, maybe two, to repair the damage of the last 12 years.
Move tax onto land and intellectual property.
Great. Make land worthless (like Zimbabwe) and hound all those with intellectual property out of the country.
You’re kidding right?
you are wasting your time with anticitizen, he is a communist.
Nope, it actually makes people use the land more efficiently (i.e. no land banks waiting till prices rise), and ONLY at the expense on land cost going down.
Here’s that “great communist” Adam Smith…
Ground-rents, so far as they exceed the ordinary rent of land, are altogether owing to the good government of the sovereign, which, by protecting the industry either of the whole people, or of the inhabitants of some particular place, enables them to pay so much more than its real value for the ground which they build their houses upon… Nothing can be more reasonable than that a fund, which owes its existence to the good government of the state should be taxed peculiarly, or should contribute something more than the greater part of other funds, towards the support of that government.
I’ve never known the government to make anything more efficient, I hate it when they talk about something in the economy being “socially useful” like we’re all cogs working in some sort of great national interest.
Make people use the land more efficiently? WTF are you talking about? Habve you got a nice pretty missus? Are you constantly banging the arse off her? 24/7?
No? Then send her out onto the streets – down to the docks. Use her more efficiently.
No? Same with land mate.
It’s my stuff, I’ll use it as efficiently or otherwise as I like. I ain’t your fucking slave.
@513
Spot on. LoL as well.
And we hardly need to tax anything if we make do without the public sector.
Simples.
Why would anybody want Sterling?
We dont make anything apart from chavs
Top quality chavs though.
Not these days.
Did you spill my pint?
Can someone who knows tell me if the Bank of England charges the government for producing money?
Yes – they currently charge 0.5%.
Maybe if the Chancellor put all cash on the 2:50 at Lingfield? – oh, I forgot, there ISN’T any cash!
Why don’t they print dollars instead?
i know that dollars don’t belong to the us government, and they pay for them dear, is that still true here?
Dollars belong to the Chinese, get your head around that one.
Oh dear – but do we get charged for our own money?
Not in the know: Yes!
I’ve just read marketoracle and I realise now that I was stupid.
If you combine this new financial storm brewing with Batty Hattie’s plotting,then I think he might go for an early election before solids hit the air-conditioning.
They have long since stopped being solids………………
This really is a fucking mess, call a general election you Scotch wanker
Who you calling a Scotch wanker? You bastard.
outside
I’ll hold your coat.
It sheds new light on the phrase ‘sound as a pound.’
Our pound certainly isn’t.
I bought 1,000 pounds worth of Euros from Thomas Cook about a month ago out of my limited resources, where are you going asked the lady, Spain I lied.
Italy then?
I can remember a time when you were not allowed to take more than £50 out of the Country, Labour Government under Harold Wilson (pound in your pocket), it seems we have come full circle.
When it hits the fan, if Lab are still in government they will head for cover and MAKE us join the Euro, no debate, no vote, just plain panic and WE MUST or we will go the way of Zimbawe.
This hanging on and not having an election is to get the Lisbon Treaty in place and if necessary the Euro. I am actually pro Europe, infact I would describe myself as a federalist (Parliament is a shit house lets face it; what we need is a proper EU Parliament without the Commission dictat, an EU that we are allowed to vote for and that forms an executive.) But we should look to achieve this by letting people vote for or against it….
What we are going to have is Europe shoved down our throats whether we like it or not.
Brown and Cameron are the same, what they want is power without the inconvenience of democracy. Unless something really “unexpected” turns up for the better I can’t see how the UK will survive. We are broke/broken economically, politically and socially.
[...] Mervyn King Admits : QE Isn’t Working – Guy Fawkes' blog By admin, on 15 September 09 Via Pound Whacked After Mervyn King Admits : QE Isn’t Working – Guy Fawkes’ blog. The pound is getting whacked after Mervyn King implicitly admitted that despite printing £175 [...]
Following my own advice, I have recently set up in the wheelbarrow business.
I urge you to get your’s before I corner the market. I am currently selling for 6 dozen cans of baked beans per barrow. They are really good value. (The barrows not the beans, which are priceless.) You see once we get to the point where your Mrs. starts complaining that she can no longer stuff enough currency notes into the barrow to pay for the week’s groceries, the government will knock three zeros off the pound, and the barrow will then be good for a few more weeks. The barrow is thus good for about six zeros in all, by which time the shelves will be empty. That is when you will need some of the U.S. folding stuff. If you have enough of that, and you come around after dark, I might be able to let you have a tin of beans.
“Union members have voted to take a stand against the risks of wearing high heels in the workplace in favour of more “sensible shoes”.” BBC
So that wraps up the votes from the dykes.
A few motions to include the puffs and the foreigners and the that’ll be the beeb happy.
You left out the cripples you fucking cripplephobic bastard.
W.W.
SKKRAAAARRRRKK!!! (flutter) KRIPPLEKRIPPLEKRIPLE!!! EEZAKRIPPLE!
And the transvestites.
So glad to hear the brothers and sisters with their fingers on the pulse of what’s important.
Boredon Grown will not say “cut” but instead will use the phases “slice” and “pare”.
NuLab will not sack any firemen but will continue to close fire stations.
I wouldn’t p*ss on them if they were on fire.
If all our collective voices had been listened to about debt, QE and Labour’s childish approach to economics, we would be better off by around £27,000 each over 12 years.
I’m going to say “CUTS”…..there I’ve said it!
Now for my speech…”Tory Cuts vs Labour Investment”
The first cut is the deepest, cue for a song?
“I’m leaning on a lamp post, at the corner of the street, until a certain little lady goes by….”
The old lady of threadneedle street?
Thatch?
Things are so bad I think I shall start charging my bank £25 every time I go over my overdraft limit.
would this be an appropriate time to introduce new posters to the sexual exploits that I may have had with a fullsome breasted wife of a former spin doctor, upon the bonnet of my spitfire when I was 17?
Or should I save it for another shitty day?
Was she quantitatively easing you at the time?
NO. just sucking my cock.
In that case it’s off-topic. Save it for another shitty day.
Both please
well, it’s a long story..where shall I begin?
Where shall I begin
To Tell the story of how great a love can be…
I must say I’m enjoying this. When capitalism goes it’ll start going at its weakest link – and that’s Britain.
Yes indeedy do da!
our movement?
Brown is handing out awards to call centre workers at the TUC Conference. Not you notice to anyone working in the manufacturing industry.
Liverpool is fucked, say your prayers
No change there, then.
Torres is a goal machine. No problems there.
Never mind the monetary gloom people!!
Mzzzz. HoHoHaHaHaPerson has announced an ‘initiative’ (sick) to help war torn Arf_Gornstan, and it will only cost £10m a month. Money well invested!
Briefly :
1. An influx of Diversity, Equality, and Inclusiveness ‘Consultants’ (sick) to ensure full representation for lesbos etc on ‘Community’ (sick) councils.
2. Anti-Smoking ‘Advisors’ to begin a nationwide campaign to stop tribespeople and ovvers from smoking.
There, – feeling better already aren’t we? And it’s all Noo_Lie_Bore thinking!!
We are told that many people in UK hope that the people we send will stay there. That shows how popular the idea is!!
Where can I buy a new Arse-trar?
At the REAR of the forecourt
Vauxhall or Gordon, it is not quite clear, or is it the cleaner? are sending a man to the Moon.
clap!
Jack is there ? Who is Jack?
We should send this hoon to the moon
hoon and moon don’t rhyme though.
hoon and blunt do.
Weird eh?
Brown stumbling over the word Technician.
Every one working together Hooray Hooray
We are doing all that we can together !
Bullshit still baffles Brains
Now an obit for JAck Jones. Pass the sick bucket.
Sinatra was THE man.
NKVD
We will be racist!!!
Wayhay
Is Gordon is trying to give those phallic podium microphones at the TUC in Liverpool a blow job?
He’s got the lips for it.
Oh no it all came from across the Atlantic.
The Tories, if elected, will cancel the UK Manned Moon Landing Programme.
It would be worth starting such a programme and then send MacBust and Mqandelslime there. Whaddya mean, you forgot to put enough fuel on board to get back? Oh dear, how sad, never mind!
Mandelson’s more likely to head for Uranus.
Pure unnadulterated Bullshit.
We fixed it here in Britain Hooray Hooray. We did it all, taking over the banks with your money you stupid fuck wits.
I feel your pain hah hah.
blah blah I knew then – we did not put at risk the credit maintained to save jobs
blah blah blah bla
cash flow structural unprecedented blah choice majority shares struck gold blah blah
unfortunately, no one is listening
fuck i am losing the will to live
Go swat a wasp – Gordon’s new employment initiative
I’m just repeating my old speeches. Hee hee, bet nobody notices!
The only cut I know about is off the end of a cock.
Are there others?
Has he said ‘cuts’ yet?
This game is a bit boring…
Which cut is he going to make? I can see his dilemma; left wrist, or right wrist?
spin spin spin
should have done a live chat guido?
True – Guido’s oddly missed an open goal.
TRACTOR STATS AND CLASS WARFARE.
CHRIST WHAT A F88KING HOON THAT MAN IS.
HE’D ‘INVEST’ HIS GRANNY’S LIFE SAVINGS ON A DONKEY RUNNING THE GRAND NATIONAL.
Don’t allow anyone to put the recovery at risk! Sack me PDQ!
We will not abandon school leavers to the mistakes of the banks
Nobody is allowed to leave school anyway. We pay them to attend so that they don’t show up on the unemployment figures.
OK Brown, we have established you don’t like the Conservatives
what the fuck are you going to do?
does his sound a bit pissed off
21,000 public sector apprentiships
HO LEE FUCK
I’m first for the Grass a Gum Chewer Up officers programme
Settle down Guido, it’s only back to where it was a week ago.
The dollar has been trashed this last week, and the GBP has still lost almost 1.4c today. That’s quite impressive.
Gordo’s speach:
“the tories are killers murderers and evil labour are good great and godly”
“the 80s and 90s were worse than the great plague and the tories caused it”
This is not the time to have an election. The Tories would win!
someone just take the hoon out
blah blah blah
he has shit it, he won’t mention cuts
Blame the Tories.
Support apprenticeships. Build rabbit hutches. Defer payments to businesses.
World-wide co-ordinated action. Limits on city bonuses. racist list of tax havens.
Oh, no +++ the STIMULUS PACKAGE +++ no, not the … ROAD out of RECESSION.
Give me another chance and I will limit bank bonuses! That’s there we are isn’t it?
A heap of extra costs on businesses; that is what we want!
[Half cut idiots cheer]
Nobody is listening ‘cos nobody believes a fucking word that goes out of your fat gob
another u turn
“this crisis was 10 x worse” than the great depression and our (read my) policies saved the world”
“my policies saved 500,000 jobs [sic] and the tories opposed them”
“my policies saved 500,000 jobs [sic] and the tories opposed them”
Badger won’t back him up on that one anyway he’s refused too already
the liar just keep rewriting history and making things up
these lies then get quoted by the beeb (voted “most trusted” in a graundid pole just last week) and the casual listener gets hood winked
cooper and balls and of course the dark one do the same
no one except fraser nelson picks them up on it
badger is trying to escape with some rep whilst the rest of will go down the pan
A million and a half new jobs sorting out cardboard recycling and designing electric lawnmowers – we are saved!!
that is my agency workers finished then!
meanwhile england are 35-0
I’ll believe that that’s a good thing at about 10pm, if the convicts haven’t passed our score with overs to spare…
105-3 now mate. Bopes goes cheaply once more!
What a drop from Hussey, missed it 5 times at least!
Eng 231-6, 42ovs
3 months paid paternity leave?
For anyone who knows someone with a baby
What about this beauty? If you get sick whilst on holiday, call in sick and get extra holiday added to your annual leave. It’s only fair init?
Can this be back dated? I felt distinctly squeamish on a flight to Malaga two years ago, ruined my entire vacational experience.
Yesterday that odious little shit Vince Cable was proclaiming that the government’s actions of funding the banks and QE were broadly speaking correct.
So the ex communist Labour councillor who claims to have been a senior financial player at Shell (he was actually a temp at clerk level) can now be seen to have been talking out of his arse.
I had to sack him, he was a right little know it all tosser.
and smug with it
3 months extra paternity leave, great news for the economy
Cigarette sales and sky packages will rocket up
tractor stats
treated with speed , drugs u turn
and 54 weeks to treat a kidney-stone…
Dem Big Bad Tories
Those young fuckers who can’t read are called chavs you twat.
so much for cuts he seems to spending more money the hoon
We have guarantees for whatever you wish to believe in.
I am bonkers, me, Gordo’s the name, Gordo the Klown, I will not be here soon, but promises, yes, I am only funning – we all know that.
what a hoon
call an election then twat
As we move into a full recovery
as the tow hook slips into the the chassis
cut unessery spending ? then why the fuck are you spending it in the 1st place
LOL
cut it Gordo, lip service as always
I will not support cuts in front line services.
Funny that, my other half has just had her front line job cut to zero.
Fuck he is a dipstick
Every time Brown pauses for applause – not a sausage, even from the TUC.
I can’t bear to watch but I hope from the bottom of my heart that you’re telling the truth.
Repeat the same at the Labour Conference and finally Caesescu Brown might fucking well get it.
Well, no more than a thin smattering of a sausage.
Brown blames the Americans for this whole debacle but we, in the UK, should be thanking the Americans for pulling the pin on this governments insane, unsustainable, borrowing and squandering.
At least we are now two full years into at least realising the great lie that has been perpetrated by the Labour liars. And the electorate has had two full years for the scales to fall from their eyes about what an evil, mendacious, self-serving, economy destroying bunch of bastards we have in government.
Can you imagine if we’d walked a further two years into Browns mass borrowing posing as sustainable growth? We need to borrow/print 200bn quid just to meet our commitments this year. Can you imagine how much we’d need to borrow if Brown had manged to run this scam for another two or three years?
While Brown is blaming the Americans, Cameron should point out the clear blue water between sanity and Labour. Cameron should be thanking the Americans for realising what was going on and pulling the pin. Because Brown was obviously too fucking stupid or too fucking evil to highlight the danger.
brown has been pump priming the economy since 2001 throughout the good years
economic miracle my foot
fuck off cooper and balls too
Everyone should know by now that it all started in America. It had absolutely nothing whatsoever to do with the CDO market in London or Gordon Brown’s amazing finacial alchemy.
faecal alchemy surely
after 12 fucking years what a hoon
fuck it back to the cricket i cant take anymore
That last gesture was “look I’m not a tit, I’m a pair of tits”
God, this is unbelievable. Delusional doesn’t cover it.
We faced big constraints in 1997 what with having to get the debt down?
He’s just deliberately taking the piss. Pure fucking piss taking. Get the debt down in 1997? What? By following the Tories spending policies because, after the previous Labour government that was the only way anybody would trust you incompetent c*nts with any money?
Jeeezuz. How right they were not to trust you with money.
So to sum up we are going to balance the budget by making £175 billion pounds worth of efficiency savings which will not harm front line services one little bit. Simples.
Actually that would be a piece of piss. I could save 175bn quid in an afternoon if you gave me a memory stick with every public servants name, job title, e-mail address and department on it.
No fucking problem.
And I wouldn’t harm front-line services a bit either.
comparelabourinvestmentcutstotorycutcuts.com
The man is totally barking.Surely the funny farm beckons.
Ugh! Just caught sight of Hunt Cooper on stage.
Don’t you mean Ball Scooper?
Millions of people are being treated with AIDS, is that wise? I don’t think AIDS is good fo you?
21,000 public service apprenticeships will replace 21000 public service jobs.
Did the Unions cheer?
His every utterance is a complete and utter lie.
Gordoom doen’t tell lies!
He saw him say so on the telly last night!
If I still lived in that shithole, the U.C., I would be going stark staring bonkers!
And there’s the planted Q and A’s to look forward to, bet there’s no difficult questions to answer
twat
one line on our Armed Forces
then back to blah blah production at the greenock tractor unit is up blah blah create jobs blah
£ tanks
Nice line at the start regarding people you were presented with awards by Brown for presumambly their Trade Union Work – “These people are heroes…”No Gordon they’re NOT whatever else they are they’re NOT heroes. The heroes are up to their necks fighting in Helmand,Afghanistan
thank fuck its finished
Oh shit he now has to talk to humans, this will not be pretty!
That’s it, everybody stand and clap.
Ms Kunessberg (sp?) somebody with balls at the BBC.
Who wants to ask Gordon a question?
Aah Peter Mandelson. go ahead
I think that should read “Go GIVE head”
well taht was half hour of my life i will never get back
You’ll always have the nightmares though.
Dear Mr Gadaffi,
If you have any SEMTEX left please deliver it to a conference hall in Liverpool as soon as possible.
Tony Woodley tells Laura Kuenssberg – “This shows Gordon back on top of his game !” The man’s as deluded as Brown is.
Ah yes. Brown’s ‘game’. Make an annual appearance and tell everybody how fucking wonderful he is, field a few planted questions and then have the BBC show the ‘best’ bits on the evening news?
The same approach Labour have used since before 1997. ‘Manage’ the media image.
Utter, utter, economy destroying C*NTS.
Shows what a crap player he is.
What a waste, I would’nt mind being interveiwed by Laura!
watch that sleazy smile – he’s hopeless
Labour will cut costs, cut inefficiencies, cut unnecessary programmes and cut lower priority budgets. But when our plans are published in the coming months people will see that Labour will not sup port cuts in the vital front line services on which people depend.
he can’t fucking count
what a fuck up
is it 2 questions or 3 you knob
the cupboard is bare.if you have any money get it out of the uk…….
everything has been built on credit (sand)
there is nothing to underpin the uk economy……….
just wait till they come for your savings like the argentinians did!!!!!!!!!
There’s never an RPG handy when you need one….
Labour and its bunch of useless marxists are finished. They have no answers – only to milk the middle classes and businesses more taxes. But they’ve been rumbled.
Snotmeister will lead labour to decades in opposition. And Harriet Harpic? Oh yes please…. loathed as a patronising, wealthy, posh-but-pretends-not-to-be man-hater…she will be an even bigger disaster! And the postie? Don’t make me laugh.
Labour’s leadership choices are like having to choose between diving into a vat of shit, a vat of molten lava, or a vat of acid.
Over to you, marxist fuckers!
cuts? don’t make me larf. brown has been cutting the military’s funding, cutting post offices, cutting hospitals and schools budgets through PFI’s cutting pensions, cutting council services by halving bin collections, cutting low income workers’ wages who have been earning the same amount of money for the last ten years and cutting everyone’s wages with increases in national insurance contributions.
brown is the cutting king and that is why he didn’t dare let the word pass his lips.
gordon brown is an habitual liar. he is unable to tell the truth.
the last British Prime Minister was a liar too, the country simply cannot afford to have two lying leaders in a row.
it is time for the lying madman to resign.
Well all the time he’s been shafting them he’s been squnadering 40bn quid a year just to pay the one million lucky lotto winners of 2001/2002 with their clipboards and biros getting under every fuckers feet enforcing the screeds of legislation his imbecile government has enacted.
One million utter jackasses employed purely to nail on the meme of edication, education and education’. Yousee? You do a crap, pointless liberal arts degree at some shit re-badged adult literacy college and we’ll conjure up a 30K job with an office, a parking space, a gold-plated pension and your very own fucking clip-board.
Now, off you go and wander around the wards and tell the nurses and doctors how to do their jobs.
Man. I would pay to hand deliver those fuckers their P45′s.
Someone could make some money auctioning the right to hand out p45s to those in the extortion funded sector.
I’d pay a 100 quid to hand one to say a lazy nurse.
200 quid to hand a p45 to a 5-a-day parasite.
etc.
What you you pay to hand a parasite a p45?
I’d pay 10,00 quid to hand Gordon Brown his P45.
Fucking outstanding idea. HMRC should auction the rights to hand these fuckers their P45′s just like the DVLA auctions ‘desirable’ number plates.
I commend it to the house.
10,000 quid.
I’ll pay 100 grand to give Gordon his P45, but I’m sure I’ll be outbid…
Realistically, we all know there are several layers of management and target-driven form-fillers that could be eliminated at a stroke with no affect on so-called “Front Line” services.
I’d give money to people to purchase their own services through catastrophic insurance schemes as State “provision” is unwaveringly shit.
correction steve: we all know there are several layers of management and target-driven form-fillers that could be eliminated at a stroke which would stop draining resources and would therefore benefit “Front Line” services.
OT
Bit of a precedent here for when the court system finally gets around to reviewing some of our MPs claims…
http://newsvote.bbc.co.uk/1/hi/england/beds/bucks/herts/8256986.stm
A former KPMG finance director, who stole £500,000 to fund his wife’s lavish lifestyle has been sentenced to four years in jail.
Taxi for Mrs Martin? Taxi for Mrs Prescott and her hairdo?
Labours pet dog, the BBC are headlining with all the great leaders one liners, cut this cut that but no cuts to fronline services, there a good doggy, we’ll feed you later. This cannot go on, we need to have this debate in the open, fair rules and soon!
yeah it was 2 or 3 sentences in the middle of a rambling “brothers” old labour speech
the beeb are rubbish
Apologies for the length of this post but this is what out of control public spending means:
Higher taxes and spending cuts
On average, British government bonds pay interest for 15 years. The more we borrow, the bigger our interest payments get. This year national debt interest will cost the taxpayer £27.2 billion. In 2010-11 that figure soars to a jaw-dropping £42.9 billion. The more we spend on interest, the less we have to pay down debt or invest for the future. That interest is dead money, which means higher taxes for years to come.
Stifling of business
Government borrowing increases the total demand for credit in the economy, driving up the cost of borrowing in the process. Higher borrowing costs make it more expensive to finance investment in equipment, stock and other capital goods in the private sector. This harms the ability of the private sector to create the wealth and jobs needed to get us out of recession.
To make matters worse, the government needs to sell its bonds at attractive interest rates to entice investors. This is known as the ‘crowding out’ of private capital and means even less investment in business and real jobs.
High interest rates
The Government relies on investors continuing to buy UK gilts to fund its spending habit. If the bond market gets nervous about our excessive borrowing and the demand for gilts falls, their price also declines as a result. Because they now cost less to buy, gilt yields start to rise. This means we pay more in interest for every penny we borrow, suffocating our deeply unhealthy economy even further. Everything from trade finance to mortage payments would get more expensive.
Bond market collapse
Many of our biggest customers are pension funds and foreign central banks that only invest in the safest ‘Triple-A’ bonds. For the time-being Britain retains its AAA status, meaning the major rating agencies believe we’re still a good bet. But if we lose their seal of approval and the big investors that come with it, the consequences for our country could be devastating.
If the market for gilts weakens, we can always print money to buy our own bonds, which is what the Bank of England is already doing with its so-called Quantitative Easing programme. This gradual debauching of sterling raises the spectre of high inflation once the economy begins to recover. If investors see their holdings devalued they’ll be reluctant to buy gilts and may even start to sell, sending interest rates spiraling upwards.
If we fail to get a grip on spending at that point and print even more money to cover the shortfall in gilt sales, extreme inflation and a potentially fatal sterling crisis would ensue.
On the other hand, we may find ourselves in trouble much more quickly. If a gilt auction fails Britain would be plunged into a full-blown economic crisis. Overnight, we would be forced to make savage spending cuts to balance our budget, sterling would plummet and we’d need an IMF bailout to stave off complete bankruptcy. Economic and social breakdown could conceivably follow.
No wonder McFuckwit and Co are busy claiming a recovery is underway. They need to win several lotteries to make the books balance. Thye can not admit the shit we are in or it would accelerate us to the end game. Thye are hoping to defer it until they lose power,then run for cover. Looks like they might not make it
A failed gilts auction would surely be preferable to the continued increasing indebtedness that Blair/Brown (don’t forget Tony!!) have brought upon us. At least the scale of the catastrophy would be confronted now rather than later when it’s even worse. Please, all you overseas buyers, don’t buy UK gilts: I don’t want to be more in debt.
now bog off gordo
you and blair trashed the country
led us to a questionable war
and are scewing the heroes out in Helmand (weren’t you asked why do we have pay tax and NIC out here?)
clear off
I don’t think I mentioned that I would cut spending; I think it was other stuff. So I can still say that the tories would cut spending whereas we would maintain spending and in fact increase spending.
[Chopping motion with hands]
Let’s get real here. What we are dealing with is a fundamental question:
The immorality of national debt
A strange religion has come to dominate British life in the post-war era. It teaches that the values of our forebears are outmoded and their achievements of no great significance. It preaches that wealth is no longer created through man’s ingenuity and endeavour, but something bestowed upon the grateful congregation by a divine elite. This religion is government, its ministers are politicians and its gospel is debt.
Politicians have convinced us that everyone has a right to comfort and happiness and that government has moral duty to provide it. They believe that wealth and liberation come in the form of paper or electronic money and that distributing limitless amounts of this commodity is a cure for all social and economic ills.
Only by spending this confiscated or borrowed money is a person truly moral. Anyone who dares to question this twisted faith is demonised. Any politician who questions the wisdom of government indebtedness and debt-fueled consumption is branded inhumane for supporting “savage cuts to vital public services.”
Is it ethical to inflate our currency to reduce the debt burden, punishing generations of savers and their prudent lives of hard work?
Is it right that our greed threatens the economic freedom that’s enabled more people to improve their lives than at any other time in history?
Is it moral that our debt has to be repaid by our unborn children, while we enrich our lives at their expense?
This is the Brown problem -he is high priest of the eternal borrowing cult and anything else is heresy.
Well said; a good definition of Socialism.
X lent
Yep, dat be socialism in de nutshell
Yep, but who are they borrowing from?
Basically we are all slaves to a class of rent-seekers charging us for existing, and living off our backs.
Yeah ! but McPoo is a moral person. He hasn’t got any personal debt. He told us so.
On the other hand he was quite happy to submerge the rest of us in the population in debt whether we wanted to be indebted or not.
and the moral of the story is ‘This is how Socialism works’
Brown. Ethical.
I don’t think so.
“Gordon Brown has admitted for the first time that spending cuts will be needed”
Spending cuts needed? Really? With 2 trillion quid of government debt? Has he only just realised that? Fucking scary.
“…Conservative Party which would … make across-the-board public spending cuts to pay for tax cuts for the wealthiest few”
(eh? did they say that? I must have missed that. he forgot to mention that the tories would throw your granny out the window, demolish all hospitals, and eat all newborn babies.)
Even Nick Robinson is saying that Gordon Brown’s been told not to lie quite so much otherwise people might not listen to him. When people like Mandy are advising him not to lie as much, and when the BBC is reporting on it, you know they’re on their last legs.
I must have missed the tory speech/policy of “sack all our doctors, nurses, and teachers but keep all the bureacratic pen-pushers and the waste in place” that gordon brown tells us that the tories want to do. Either that or Brown’s a fucking evil lying bastard. Hmmm. I wonder which one’s true?
Brown kept using the phrase “….it’s what the British People want after every “lie” he uttered ! Sorry Gordon what the British People actually want is for you to …….FUCK OFF !!!!!
They must have had a focus group of guardian reading liberal hand wringing wets, no labour fuckers ever canvas at my door – or down the street – or on the phone – I have been waiting for years to tell them where to shove it. To be honest I think they have stopped doorknocking, they are fed up with getting doors slammed in their faces and buckets of shit tipped over them from upstairs windows.
Have a sister who for years was a classic Islington, Finsbury Park foot soldier. Lots of heated arguments over the family dinner table for years. You know…we owe the world because exploitation made us rich and them poor etc, etc, etc
She’s seen the light since her brother got posted to Iraq and his unit is in the run up for Afghanistan.
She’d strangle any Labour git who knocked on her door now.
We will, of course, restrain her, but the abuse will fire off like a flame-thrower. Steer clear of SE London is my advice to Labour canvassers.
which planet is this guy on, it is certainly not the one everyone else is on. Does anyone really know how much we are in for here? The figures are just off the scale. The spaces on the majority of calculators cannot accomodate the numbers (now theres an idea to stimulate the economy – we all have to buy new calculators, oh sorry, they are made abroad – stuff that then). And where is he getting the thought that everyone is behind him? His advisors should be certified.
FUCK OFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF Brown!
make across-the-board public spending cuts to pay for tax cuts for the wealthiest few”
Which wealthiest few is he talking about? The ones who are about to get taxed at 51%? What the fuck is the pathological liar talking about?
WHy doesn’t anybody ask him?
‘Which ‘wealthiest few’ are you talking about Brown?’
Which ones are you proposing tax but the Tories are not proposing to tax?
You fucking lying bastard.
This is a simplified version of understanding our tax system….but it is pretty darn accurate, so when you hear the debate that has already started about the President’s economic package, remember this simple illustration:
Let’s put tax cuts in terms everyone can understand.
Suppose that every day, ten men go out for dinner.
The bill for all ten comes to $100.
Like This
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men — the poorest — would pay nothing;
The fifth would pay $1:
the sixth would pay $3;
the seventh $7;
the eighth $12;
The ninth $18.
The tenth man — the richest — would pay $59.
That’s what they decided to do.
A Break
The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement — until one day, the owner decided to give them a break.
“Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily meal by $20.”
So now dinner for the ten only cost $80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected. They would still eat for free.
Paying Customers
But what about the other six — the paying customers?
How could they divvy up the $20 windfall so that everyone would get his “fair share?”
The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would end up being *paid* to eat their meal.
Same Amount
So the restaurant owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.
And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59.
Each of the six was better off than before. And the first four continued to eat for free.
Comparing
But once outside the restaurant, the men began to compare their savings.
“I only got a dollar out of the $20,” declared the sixth man. He pointed to the tenth. “But he got $7!”
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too.
It’s unfair that he got seven times more than me!”
Wealthy
“That’s true!” shouted the seventh man. “Why should he get $7 back when I got only $2? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor!”
The nine men surrounded the tenth and beat him up. The next night he didn’t show up for dinner, so the nine sat down and ate without him.
But when it came time to pay the bill, they discovered something important. They were $52 short!!
And that is how the tax system works.”
Excellent!
yep; that is how the system works.
I’d generally say that the analogy of mugging the tenth man is spot on.
Taking tax is, basically, just a government sanctioned form of mugging.
If a waster came up to you on the street after you’ve just earned £1,000 for a very hard day’s work, took £600 off you and said “I don’t have a job, so I’m taking your money instead so I can buy a new telly”, you’d obviously kick the shit out of him, or say:
“get a fucking job. this is my money. I earned it. if you can’t get a job for some weird reason then I’ll give you 2 quid for a burger and some tea because I’m nice. but you still need to find a fucking job because you can’t rely on charity forever”
I’m sick of skipping past this. Forget it, mate.
why not tax them @ 100%?
Just like cutting up the golden goose gets you all the lverly gold, we can tax incomes as high as you like with no effects on how much productive work gets done.
Not 51%, jgm2, but 61%. You keep forgetting the withdrawal of tax free allowances. Everyone earning over £100k pa will be hit for 61% income tax on the tranche of income up to approx £115k, the 41% up to £150k and 51% thereafter.
How come the story isn’t ‘the Tories were right all along wrt cuts’, rather than Labour acknowledge cuts are needed?
Still, another policy from the Tories stolen by Labour… preparing us nicely for June. I have a bottle of Champagne ready.
Is this June 2010 or June 2037? ‘Cos, you ain’t gonna have an election.
And just what would anyone do about it? Do you think Aljabeeba would be standing up for democracy? Or the Guardian? Or Micha… sorry, Sir Michael Kneepads and Polly Twaddle?
Well, what you gonna do about it, eh?
Bandersnatch is not sure of procedures.. are you supposed to put your comments on the appropriate thread or the latest posted thread… B will have to watch and see what most people do…
Like…just do what feels good, man, like, don’t let the Man harsh your vibe, like, keep your head from being frumious.
At some point this has to stop surely? we have an idiot in charge of the country which is going down the pan and 60million of us are watching it happen as we are told one thing and then a u turn, time after time. I don’t know what all the fuss about Brown using the c-word today is – he is a bloody c-word. A great big useless unelected one at that – has he no pride? everyday he clings on to power having bullied his way there and being allowed to do so by a load of cowardly yes men this COuntry goes lower into the gutter. It will probably take the rest of my life to get out of this shit state we are in – everyone who has half a brain and works should emigrate and leave all the benefit scroungers and public servants here – in the crapheap that is their own making.
“It will probably take the rest of my life to get out of this shit state we are in…..”
I think you are being unduly optimistic – your kids,if you have any and their kids will still be paying off Brown’s National Debt long after you and I are feeding the worms
thanks that has cheered me up no end. It really isn’t funny anymore.
The UK:
economy – fucked
education – shagged please see Kerry katona and Jade Goody (RIP) as examples – now with classes of over 30 in London – going to get worse
NHS – overstretched and overburdened and no better than 12 years ago
Transport – crap
Defence – all our soldiers are in the Middle East fighting an illegal war with no kit so pretty horrific.
Freighn policy – going a dream – just look howmuch the Americans respect us.
He is utterly, utterly, utterly crap.
good summary, I am off to the pharmacy for some happy pills!
correction ~ They are utterly, utterly crap and he is their utterly crap leader.
Brown lectured in history.Good.He will be in the history books-in the chapter containing Ethelred the unready,King John,Bloody Mary,Lord North and the other pantomime villains.
Put your money on tranquillisers and happy pills.
That’s all the only action the British public will take.
If this was anywhere else, we’d all be out on the streets by now.
If it was in the US, McDoom would be 6 ft (sorry 1.8 metres) under in Westminster Abbey or perhaps that would be Arlington .
From Brown’s delusional acts thus far we can safely assume he will have left detailed instructions in his will about which gun carriage to use to carry him up the mall past the massive reverential crowd and which royal barge to take him past the HoP. Followed by a simple family service and then interment next to Churchill at Bladon churchyard.
The fucking nutter.
I like it.
Hope they bury him with his compass, presumably pointing downwards.
Dunno about you but although I have a will (all to wife) I certainly didn’t bother specifying where and how to dispose of my corpse. But these Labour leaders take these things very seriously – hence John Smith had himself buried on Iona as befit his self-image as a king of Scotland.
I have absolutely no doubt that Brown will have taken note and devised a suitable way for us all to mourn his passing.
Seriously.
Just you watch. Fucking gun carriages and barges mate.
As befits the image in his fucked-up head as the most brilliant person on the planet ever and best PM ever. Ever. Ever.
Gun carriage?
The way that pillock has treated the armed forces, he’ll be lucky to get a wheelbarrow with a wonky wheel. And a short trip to unconsecrated ground.
cheap booze [blink] 24 hour drinking [blink] and football for the masses oh and x factor
It got too much for me in the end. Pure unadulterated McPoohshite.
So fucking bad, I decided I’d rather do my tax return. Yes that bad.
Doubtless they’ll get Lord God Michael White and Toenails to explain it later to the poor bbc illiterati. What it all means for you, little ones, ‘ In essence, Labour good, Tory bad’. Yes same message as last time, little ones.
Can’t someone put us out of our misery. I mean the Gottadamering Merkel would be better than this McPooh.
They’re already working on it now.Here’s the suggested strapline – ” Triumphant Gordon Brown takes on Tories over cuts to public services!”
“The Prime Minister showed to-day why he is the predominant politician of his generation and completely backfooted the TORY opposition accusing them of wanting to cut nurses teachers and police and like they did in 1980′s abandon a generation of young people to the dole queue.
“The choice in the election will be between a caring and responsible Labour government and a TORY opposition that will heartlessly cut expenditure to front line services so that the many hardworking and pressed British families subsidise tax increases to the rich bankers and speculators who were the cause of this Global recession !”"
“increases to the rich bankers ” ? Should of course read ” tax Reductions to rich bankers etc…..”
Even worse than you could imagine.
Apart from Jeff Randall there doesn’t seem to be anyone on the box anynore who speaks any sense.
Very gloomy day.
I was thinking of doing my tax return for a bit of light relief too.
Then I thought; nah. I’ll wait until a change of government.
I’m not giving these fuckers any of my money until I get the “pay it within 7 days or we take you to court” letter, or until the government has been ousted, whichever comes sooner.
On the other hand if you pay in McPoo poonds it’s effectively worthless anyhow.
Then concentrate what little you’ve got left into assets like cauliflower seeds which will give a real return.
Natch
Handy BBC explanation:
Labour will cut costs: costs = bad, so cutting costs = good
Tories are [already] cutting spending: spending = good, so cutting spending = bad
Simples!
yeah the fuckers at the beeb will not admit the conservatives were right in 2005 and earlier when promising to end broons unsustainable spending binge
“best chancellor in 100 years ” total shite
Gordon has in no way said that “spending cuts” are needed or that they will happen; the McDoom’s very clever speech says that certain “costs” will be cut and that is very different.
The transcript is HERE.
The tractor stats suggest that spending will continue and that is what the unions told him last week they needed to hear.
The unions have the whip hand, labour gets most of its money from them and in return gives them access to various slush funds paid for by the taxpayer. It’s a back-scratching arrangment that stinks, and needs to be reformed.
seeing as the only person he and his cronies seem to listen to is Joanna Lumley maybe she should be the one to tell him to sod off.
To clarify, a former Mrs Max used to promise to cut the cost of the John Lewis account only for me to later find the Harrods account spending was up. Promising to cut certain costs is not the same as cutting expenditure.
This speech enables the McDoom to backtrack and squirm and continue to promise all things to all hoons. Very clever. For the terminally thick.
Max, thaks for the link.
I was only able to read a part of it!
JESUS LAUGHED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
UNFUCKING BELIEVABLE!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Run, you poor fuckers! Run for your lives, for your sanity! Leave that shithole to the shitbags!
Things can only get better
‘You’re shiiit and you know you aaaare’
No they cant. TUC guy on BBC at the moment is saying Brown is confusing people.
Probably confusing people with bankers
Are you sure? Things look a bit gloomy in this neck of the woods.
Pooh’s Scottish cousin McPooh is still out there !
Three million too disabled to work, government spending approaching 50% of GDP and an astronomical budget deficit…what major war did I sleep through? Blair and Brown have had the same economic impact as a major and unsuccessful war.
Also invasion by foreigners.
That’s exactly what it has been.
On the topic of the thread, not only has the pound stayed down, it’s actually fallen half a cent further in the last hour for nearly two cents on the day – maybe the markets didn’t like Broon’s speech either?
No ‘maybe’ about it. The markets don’t like uncertainty, and by the sound of it (I didn’t listen to it, the cricket’s more interesting) Brown did nothing to allay uncertainty. We are still borrowing and spending. The national credit rating will still go down if we keep borrowing. To reduce borrowing, we need to cut public spending. All the regulars on this blog all know this – even Alistair Darling knows this – it’s only McMental and one or two accolytes that can’t see it.
P.S. Steve – any chance of your resuming your relationship with TaT? He’s transferred his ‘affections’ to me, and it’s getting a bit tiresome…..
It’s the way you wiggle your arse, Engineer!
I’m also watching the cricket, couldn’t be arsed watching that annoying grin spouting the usual lies – apparantly he said the “C” word but would not elaborate any more than telling the union audience that their jobs were all safe if they elect another Liebour government. Lies lies lies.
Sorry Engineer, I’m staying as far away as possible from TaT – but if it’s any consolation I got an earful of vindictive from him yesterday (despite the fact that we were agreeing) on the drugs thread.
McTwat’s speech to the faithful was toe-curlingly, buttock-clenchingly, teeth-grindingly, unremittingly banal – a paean to the ZanuNL device of filling every syllable with meaningless tripe and cliche after cliche. He really ought to throw a wheelie bin at his speechwriter. Oh, sorry, he’s only got one left.
Meanwhile, back in the fuhrer bunker, only the Great Leader’s head was visible above the parapet – sorry, the lectern – and he began to look even more cowlicked than Hitler at the Nuremburg rally. Awful, rancid, sweaty and….. mad as a coot. No wonder Harridan thinks she has a chance.
What a strange world we live in where Mandy looks to have the most leadership potential of the government front bench? They’ve become a sort of gestalt Frankenstein – only with no head.
Who is running the country please?
joanna lumley.
If only! Things would be a darn sight better than they are.
ditto.
Fondlebum’s rent-boy, apparently.
His name means ‘Ruler with counsel’.
I kid you not.
has he got a work permit? british jobs for british workers!
Surely you mean “European workers”, given that it’s now illegal to discriminate and we’re all Europeans now.
For a sense of perspective, I was looking at jobs this afternoon outside the EU rules, for example:
A well established and stable company is looking for a Westerner or Arab native Enterprise Information Manager to join their team. You will not be considered if you do not come from this background…
This is quite normal in the Middle East, one extreme to the other!!
I would like to make cuts but the ones I would like to make are across Browns throat with a not very sharp knife.
I feel the time has come for Brown and Labour to accept the inevitable and just lay down and die.It was quite entertaining to start with watching Brown
fucking everthing up in a way only he can and then denying it was anything to do with him.Now its got to the point where I dont think the entertainment value of the next few months outweighs the damage this one eyed scottish idiot is doing to the country.
Doh
Should read doesnt outweigh the damage…….
Fuck knows what I mean-McDooms speech has turned me to drink and my typing is gooing a bit rong!!!!!
The McDoom speech correctly ended with:
“And friends, our achievements teach us … never to believe a blind fate governs us all.”
Oh sorry, I read that as “fake”.
Remember boys and girls, there’s plenty of cash to be made in a recesssion I mean depression.
No 1 Look after number one
No2 Work for local authority in finance, procurement or planning
In planning, you want to be on the committee during the post-recession inflation. You’ll get a new Beamer on your drive every couple of months, keys dropped through the door, no questions asked. Just approve that housing estate, dear old chap.
how can you find out whether mp’s own land and where?
I know of a young woman who studied French at Cov. Uni, she got a Desmond 2.2 and was promptly employed by our local County Council in planning.
Knows fuck all about life in the real world and fuck all less about building regs and stuff. Nice wages and pension, special discounted car leasing from a local Peugeot dealer (£35 a month) and with flexi-time she hardly ever works on a Friday.
Comfortably dumb.
The spinning has started already.
Quote below from MSM
In a high-profile speech at the TUC annual congress in Liverpool, the Prime Minister said that he would protect frontline public services and accused the Conservatives of planning “across the board public spending cuts” to fund tax cuts for the rich.
Mr Brown said: “Labour will cut costs, cut inefficiencies, cut unnecessary programmes and cut lower priority budgets. But when our plans are published in the coming months people will see that Labour will not support cuts in the vital frontline services on which people depend.”
ital frontline services on which people depend
Free methadone, piss-soaked matresses and one-to-one confidential five-a-day counselling.
Fuck the public sector and everyone who “works” in it. Raze it to the ground. Salt the earth. Sprinkle liberally with chemical waste and ship to Brazil.
They’ve had 12 years to ‘cut inefficiencies’.
Any inefficiencies in place now are entirely of their own doing.
Surely, not even people in the UK are stupid enough to fall for Labour again?
Why is it that a Labour term in office always ends in financial meltdown and the unions holding us to ransom?
Brown also stated that the UK is emerging from recession, the only things emerging are Browns mental illness,mass unemployment,unsustainable debt servicing, ballooning deficits, Browns previous lies and the stench of socialist hypocracy.
Also emerging is eveidence of a collapse and W shaped recession.
Brown first denied the reality of the coming recession in 2007/08 then when reality could no longer be denied he blamed everyone else and he promised us all that because of his policies the UK recession would be shorter and shallower than anywhere else.
Now we are in deep deep shit and Brown keeps promising us that the smell of shit engulfing us is in fact the smell of roses and the brown stuff we are drowning in isnt shit but the milk and honey he promised that his policies would bring.
All his speeches were he promised this and that over the last 3yrs could be shown together yet the MSM seem unable to show any of the wild lies Brown&Co have uttered, why is the MSM not replaying Browns ridiculous promises again and again?
This lack of reporting allows Brown&Co to rewrite history, they never said anything wrong, they never did anything wrong, they all saw it coming before anyone else, not only that but they are claiming credit now for steering us through the crisis and the MSM are letting them get away with it!
Holy Poo. Now Sky have got the LibDimwit Vince Cable to explain it all to us.
Apparantly there are something like 400 million AK47s in the world – and not one in that hall this afternoon. What are the odds on that?
We’re fucked.
And 6 Billion Bullets!
6 billion would represent overkill in these cost conscious times.
Suggest expenditure reduction. 6 should be enough.
Let’s agree on this, in the right hands one will do!
Get them all to stand in line.
Thta’s more than the number of bicycles in Beijing isn’t it?
MSM censorship
Fascinating. What channel is this on. Obviously there are mysterious non monetary benefits we get from the EU which can not actually be specified but which are nevertheless very good.
Have all the British Mejia been taken over by some kind of creeping extra terrestrial control that makes them behave like Zombies. Has the Quatermass experiment come back to haunt us ?
What other explanation is there for their behaviour.
Put this clip together with the one of Dimbleby being controlled by Harperson and you start to get really worried. What the hell is going on ?
Ever thought Atlas Shrugged was right?
Yup.
More so every day.
People get the relationship the wrong way round – Zanu Labour is the political wing of the BBC.
I didn’t mean in terms of cash I meant in other benefits????, ooer!, voice in his ear tells him to terminate the interview and move on to the weather forecast. Ha ha ha
You can hear Hannan saying ‘What benefits ?’ and then they cut him off.
‘Now onto something for you proles to keep you amused like Big Brother or Footy. Bread and Circuses to keep your minds off anything you might worry about.
I think I’m right in saying that the EU Budgets have not been signed off by the accountants for at least as long as Labour have been in power this time some 12 or 13 years. If I tried to do that with my business the feckers would shut me down and fine me for good measure.
Of course Kinnokio was put in place to stop the fraud but just ended up with all his fsmily on the ticket as well in the end with no real changes made so the accounts are still not signed off.
I notice the 3% rule on borrowing is never ever mentioned now anywhere so thats kicked into the long grass as well.
The EU in many ways is as fucked up as we are.
This is censorship only by BBC incompetence – partly driven by the need for “balance” and the coporate view that the EU is “A Jolly Good Thing”. What on earth was the interviewer bloke talking about?
Gordon talks to cohorts at H.Q, what should our message be now?,
Harriet chips in, what I always do is write things down on a piece of paper, the positives and the negatives, a to do list.
Positives…. well lets skip that one for now
Negatives..
Ongoing wars in Iraq and Afghanistan
Run out of money
Everybody hates our guts not just at home but World Wide
Manufacturing gone down the pan
We need to raise some more money but we have already ratcheted the tax take on everything we could possibly think of to the absolute limit.
Positive: blame the tories.
It looks from Brown’s speech like Labour is preparing for a double dip recession with the second leg coming when the Tories are in power, so that the second leg (and perhaps the worst part) of the recession can be blamed on the Tories, limiting them to a single term.
I am still in favour of specific tax rises or discrete taxes which are called “Labour failure taxes” so that everyone remembers where the pain is coming from and who caused it.
A bloated state sector can be the CAUSE of recession in which case waiting for the recession to lift before cutting public spending would be disastrous.
A single term?
Seeing as all the Guardian readers still bang on about Thatcher (even though most of them probably weren’t even born when she first won), it’ll be a very, very long time before people forget this debacle and trust Labour again.
Surely?
The problem is that if public spending equates to 50% of GDP and is cut by 20%, then in crude terms, GDP is cut by 10%.
This is the trap that Labour are setting for the incoming Government and this the real reason why there will be no public spending cuts this side of the election.
That’s it. It is a pure cynical trap. Let the Tories make the difficult choices. Borrow another 200bn quid unnecessarily just so you can blame the Tories for making the difficult choices.
Pure fucking evil.
If I was a gilt buyer I would be seriously assessing the chances of Brown finding a way to avoid an election. He will anyway leave it until the very last minute because has not got the courage to decide otherwise, and given his record for lying, cheating and betrayal of principles, anything is possible.
There is no absolute certainty about the Conservatives taking office in 2010 and gilt buyers would do well to remember it.
Its no more than what they did in 1979 and after going cap in hand to the IMF. Its always the same and this time will be no different.
The worse part will be in 2010/2011 and Labour will do everything they can to blame the Tories who are in an impossible position having picked up the poisoned chalice as they did the last time. I still fume when I think of the ginger midget on QT saying ‘do you remember when interest rates were 15% and the Tories were in”. Yes I do it was 1981 and not a year since you fucktards had been thrown out but the problems Labour created were coming home to roost as again they will this time. My mortgage went to 17.5% actually and I was made redundant 3 times. I hate labour but for that alone I absolutely fucking loathe them to the core.
History repeats and if it follows true people will again quickly forget and the same will happen and a modern day Chipmunk will in a few years time spout away and blame the Tories for something they did not create.
I saw and knew what precisely what would happen as soon as Bliar walked through the door of No 10. I said so at the time ‘ it will all end in tears’ and consistently thereafter but was shouted down. These fucktards who did the shouting and voting are silent and nowhere to be seen now though but sadly it is too late.
Oh Whats the fucking point! sorry all rant over….
The next government is a bit short of room to manoeuvre; it needs to cut public spending, which will mean job cuts, but it already has high unemployment to cope with, and thus a high welfare bill. Waiting for the private sector to grow and reduce unemployment will take time, so public sector cuts probably won’t be balanced by private sector growth.
It is inevitable that there will be pain; increased unemployment, and a higher social welfare bill, or slower cuts in public employment and consequently high public spending to bear.
Not nice.
Cannibalism would sort it but how do you package that?
or a SWOT analysis. Strengths, Weaknesses, Opportunities, Threats.
Strengths Leave for later
Weaknesses We have none
Opportunities Blame the Tories or the Yanks
Threats Don’t you threaten me.
Arrest them all.
Off with their heads !. Off with their heads. !
‘Nurse ! Nurse !
When the issue of QE was touted I said it was bollocks and they shouldn’t do it.
Looks like I was right again.
Labour really are stupid.
If only A Darling had asked George Laird!
175bn quid bought them 6 months. Another 175bn might buy them another six months then they can tip the whole shitheap into Cameron’s lap and jeer from the sidelines as he struggles to clear up the mess.
They are doing this deliberately. Deliberately confusion-marketing all their announcements while they desperately print more money in the background so that the whole shit-pile doesn’t collapse on Labours watch.
Just you wait and see. If it all goes tits up two days after Cameron gets in there will be no end of Labour liars and Polly Toynbee-alikes blaming the whole shitpot on Cameron.
Twenty years from now the whole disaster will be the Tories fault in their fucked up heads. Just as the early 1980′s was all the Tories fault in their fucked-up heads.
I could weep.
Fucking depressing even for a depressed Donk.
The only good thing on TV at the moment is the SKY Debt Counter currently at 78 Billion and climbing at the rate of about £10,000 a second.
CmD really does have to stop being Mr. Nice Guy and tell people the truth, so that when he gets in it’s not a suprise.
If he doesn’t get in, it’s not a problem as the Labour Shite would only last another 6 months before there were riots and a national state of emergency declared and then perhaps we could get a proper person like Daniel Hannan to lead us out of the Shit.
Hear, hear. But Cameron just ain’t got the iron balls Thatcher had.
This is the problem.
Sorry JGM just posted same thoughts above almost to the letter and then came across your post.
You do not weep alone. Twice now in my lifetime. How I utterly hate these evil bastards
Mandelson is already setting the agenda out… Tories: “foaming at the mouth to introduce cuts”, like they have all contracted mad cow disease, but an admission that Labour will not be in power for much longer?
An accurate analysis.
Hurrah for George, and his freedom campaign…..
Mitch
Thanks support always welcome.
At recent the landings D-Day, my friend very Omaha old President, handling me on my crunch..
oh fuck, Oh Fuck, OH FUCK!!
I am talking absolute bollocks!
WHEN THE HELL DID THAT START??!!
A long, long time ago I can still remember, when the drivel made me cry !
at 0500 on 6th June 1944 I do believe….
What, before he was born?
Good God man, get a grip, you’ve been talking absolute bollocks for at least 12 years.
A long, long time ago, I can still remember when …..
So, at last, you realise you have been talking absolute bollocks and have admitted that there will have to be spending cuts!!!
ZAP!!
KERPOW!!
Wasnt really that good a speech was it , cut waste ? (do we understand he has been running things wastefully) , make economies . It was the useual Labour bullshit , I will be doing this and ensuring that etc etc there were a couple of podium fail moments and he looked like a man barely able to escape the weight of his lies .
The unions sort of stood in a presentation line up , highlighting that there options were limited , but no real critcism or no anger at any real figures after two whole years , I just think we are none the wiser , i mean what do we actually know about the details ??
you can already feel the corrosive cynicsam of a man just with no idea what to do .
It was worth noting that not everyone was clapping in the audience .
All the lehmans stuff is a side show , what the ruin said is that state owned assetts will have to be sold (brothers were silent on this) these are assetts that we own including some banks , so is the family silver about to be pawned or even porned ?? . reduce the debt by 50% in 4 years , yet no mention of what that debt figure is .
QE is supposedly never been tried , as far as i can see it is a method of not allowing the debt to impact the core economy and remove money from it , yet because the banks are keeping liquidity money isnt getting into the economy starving certain sectors . There is also the bond market problems namely the conversion of all this debts into bonds and how this will affect the way the future economy will work .
I think his statement that he is helping the poor with much needed public services , is that like £26 million blown by the treasury on advisers for the insurance guarentee .
Put it this way if the ruin doesnt come clean by the time parliament convenes it could be a sorted there .
What he could say = “cut costs”
What he could not say = “cut expenditure”
Clever speech; you can “hear” what you like.
All of the MSN will hear/say he is going to cut expenditure, all of the ZNL faithful will hear/say he is going to continue spending.
What I say is: man with forked tongue should fork off.
Watch the debt counter on Sky.
Now at 78 Billion and climbing by about £0.9 billion a day, if my calcs are correct.
All of this debt, good people, belongs to you, no one else.
You see the Gvt is you, there ain’t no-one else to whom this debt belongs.
Only Socialism and its agent Nuliebor can bring this debt directly to you without any need for you to request it.
Understand and be thankful to the Lord Gord. You are well and truly fucked.
Understand and be thankful to the Lord Gord. You are well and truly fucked.
Mandelson smiles.
So this wasn’t in their manifesto then?
The ‘old lady’ should print print and print again. My cousin Vince says this always works with his dodgy old pound notes. He’s loaded and yet his forgeries look like shit.
And the other man who ‘got where he is today’ by printing money is Mugabe and no one can accuse him of losing the plot.
What a guy!
still waiting for the Mugabe levels of inflation
Shit was that a earthquake’, nope just the printing presses from no 10 and 11
[...] Pound Whacked After Mervyn King Admits : QE Isn’t Working The pound is getting whacked after Mervyn King implicitly admitted that despite printing £175 billion of he might [...] [...]
Negative rates etc seem possible…
Massive inflation seems certain… And it will, as always, hurt the poor more. Watch politicians and guardian writers in the future blame the ills the current printing of money will create on bankers, foreigners, trade unions… anywhere except where it is due.
Gary North wrote an article in June with many similar points about the Fed – it presents a chilling and accurate view of the mindset of the establishment. It isn’t just McMental who is happy to take a scorched-earth approach to the economy thinking it will bring him some short there benefit:
http://www.lewrockwell.com/north/north722.html
[...] Pound Whacked After Mervyn King Admits : QE Isn’t Working Mervyn entering the monetary twilight zone. 562 Comments. [...]