Data released today showed that public sector net borrowing rose to £14.8 billion in September, the highest ever level of borrowing on record for the month, increasing from £8.7 billion a year ago. Gordon’s big and bloated government is overspending by £493 million a day or £20 million an hour, 24 hours a day, every day. More money is going out on the costs of failure – welfare payments – than is coming in from income tax.
Factcheck: Labour Scaremongering on Sure-Start Untrue – Cathy Newman
Bercow Loses his Rag in Chamber – Paul Waugh
Cameron Casts Himself as Obama – Political Scrapbook
Brussels Attacks Darling Deficit Plan – FT
Tim Montgomerie Interview – New Statesman
Mann denies Being W****r – Mannisms
Comrade Brown, as Deluded as the East German Politburo – Telegraph
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Eric Pickles told this morning’s press conference…
“Comrades, welcome to Transport House…”
-Gilts (Mar)
As of 26 Feb 2010
Flat – No Positions
As of 23 Feb 2010 +30.81%
-Gilts (Mar)
As of 19 Feb 2010 +20.13%
Absolutely terrifying
When in a hole, stop digging
The cost to Mr and Mrs Average in the UK will be poverty. The rich will simply leave
Not surprised G.
Remember, it’s the “Right thing to do”.
Can you imagine anyone lending these tw*ts any more money? Even at the hight of reckless lending in 2006/2007.
Bunch of chumps!
Sorry to cast a little doubt – but are you sure about this. £14.8 Billion borrowed in September just does not seem feasible, isn’t that half a billion quid every day? Who would lend us that money for a start?
Just keep on printing it
The Inquisition
Incompetence % Dishonesty = Labour Governments
Financial misconduct = £175 bn deficit = Labour
The Debt mountain is paling into insignifigance compared to the colossal amounts of money needed to finance the P.F.I. and P.P.P. disasters.
Yet still these idiots keep wanting more of them and unbelievably so does Cameron.
PFI is a pyramid scheme of financial catastrophe and will be the next thing to fuck the economy after the bankers are finished.
Withdraw their credit cards.
The national debt has gone up £400 billion in the last year. That’s £16000+ for every working person.
If you take out the filth in the public sector, who don’t create anything and are just corrupt fascist parasites, people who actually work, and are responsible for the debt, have had £21,000+ borrowed in their name by the sickening scotch moron, Alistair Darling, and the one-eyed scotch pig, Gordon Shite, in just a single year.
Everything this stinking government does now relies on borrowing and printing money. The myriad of Ponzi schemes run by the scotch pigs to destroy England are now supported almost entirely with monopoly money flying of the printing presses.
Britain is BANKRUPT and a big crash is coming.
We have a smoke-and-mirrors service economy where almost everybody gets paid for shuffling paper or typing crap into a computer. We make nothing. We produce nothing. We have no skills. We have no assets. We have no society.
It will take at least 25 years to put Britain back together and it’s going to be a very rough time. Expect an epic collapse similar to the USSR or Argentina, and primitive violence.
He he he!
Agreed. NASB.
It will take longer than 25 years though… the smart ones will have left, so no-one to restart the economy, none coming through the pipeline either — when Sainsbury’s have to lay on literacy and numeracy courses for those working as shelf-stackers or on the tills — if they have to do that for low-skilled workers, what the fuck will we have to do for anything more challenging.
I know at least 4 16 year-olds who can hardly string a sentance together, aren’t in school, aren’t at college or training and don’t have jobs.
Deficit = 175 Billion
Printing money = 175 Billion
Government Buying their own Debt? = 350 Billion the Country’s Debt??
No wonder Gordon can’t decide which biscuit the likes – does he even know what day it is?
And 400 odd Labour MP’s are complicit, no wonder some MP’s fiddle their expenses, they can see what’s coming.
John McFaul looks like his blood pressure’s rising to boiling point at what he’s seeing. So much for the non clout of select committees. Brown is well out of control and there is no-one to stop him.
That’s what Dave and George have been telling us since August — £6000 a second.
I let a Labour voting, public sector acquaintance of mine ramble on about how terrible the Tories have been, are and would be, then I said, “You’ve been talking for about a minute or so — in that time, Brown and Darling have borrowed £360,000″.
Susie, in that same minute they spent L360,000 that they haven’t got and have no hope of funding other than by more borrowing. This was the way that Northern Rock was being run.
Marta Returns – British contributions to the EU will rise to over £50m a day:
You don’t imagine anybody is actually lending the tw*ts money do you? They are lending it to themselves.
The govt prints some nice shiny bonds, all curliqueues and embossed headings. Then the Bank of England buys them with ten pound notes fresh off the presses.
If I didn’t know better I’d say it was the sort of thing that got certain Enron executives banged up.
Sorry forgot to add:
“With the debt to be paid off byy the taxpayers (if there are any left) over the next fifty years.”
I think this is how it works…
A is you
B is the BoE
C is the Rent-seekers
D is the State
A Earns some money
B Prints some money, making “A”s money less valuable, he gives it to C
C Then lends it out to D for interest
D takes money from A to pay C
Hey RM never mind the trifling debt in this country when are you going to attend to more important matters and start blogging again.
Next week hopefully
ACO,
Well, A isn’t actually “me”. I’m busy funding Jacob Zuma’s four wives and about a gazillion luxury cars for the new South African cabinet.
A national Ponzi scheme
simples
Just like the state pension schemes then.
Printing money. You will know when it’s started to have its effect. That is when your house seller offers you a real bargain, providing you can pay in foreign currency. Usually almost any foreign currency will do.
talking of busts love the pics again of those arab slappers
http://londonmuslims.blogspot.com/
would love to take that Nina bird from behind
She wouldn’t have to smell your bad breath then.
I hope that Incapability Brown reads this Blog – I followed the link and spotted the solution to the Gordon’s debt problem – An advert for Harrington Brooks -
“DEBT PROBLEMS -want to know if you can wipe out the debt you can’t afford ? Take the 30 second test -Start now ”
Go on Gordon it’s an alternative to printing money – that’s a failed strategy . Mugabe tried it and his country is poverty stricken . Apart from him and his wife . Oh I see what Gordon’s doing -good plan
Are the new lending rules going to apply to governments?
Is Mr Brown going to have to produce his accounts at Mr King’s Bank of England?
“But I’m good for it, you know that”
“I’m sorry Mr Brown. The new age of austerity is here. You have considerable outgoings and very little income”
“What about all my assets. I’ve got a good price on the Dartford crossing. I chave all those SA-80 rifles and a load of Eurofighters”
“Mr Brown. Those Eurofighters are still on HP. And they aren’t worth anything like what you have paid for them. I’m sorry, but three times income is all I can allow. And you will need accounts for the last five years.”
“But I always come here. I’m your best customer.”
“Our best borrower, Mr Brown. I can let you have 1o billion until Christmas but I’ll need you to sign over the Met office and the RAF bases. And i’m afraid I’ll need your credit and debit cards back”
“Ok , but this isn’t right.”
“Mr Brown , this is a Nectar card?”
“Yeah, its got 200,000 points on it. Lend us £2 million until Monday and they’re yours.”
He just doesn’t give a shit. Scorched Earth policy to leave the countery in ruins for the next government.
Agreed
The pretence that they are ‘running’ the country rather than just ‘ruining’ it is paper than and more and more people know it.
We are ever closer to some serious civil disorder
I too agree. My feeling is that this will continue until the General Election has been held next year, then the whole edifice will collapse. In Brown’s eyes (sorry, eye) there is no advantage to him to start to repair the damage now, because in doing so, he will have to allow unemployment to rise, due the collapse of many more businesses and the sacking of all the useless local and central government employess who are draining the lifeblood from the proper economy. The one that actually creates wealth. And while we might say ‘God help the next government’ it may be more accuate to say ‘God help us all’; I don’t feel sorry for the power elite, they’ve all in larger and smaller measure, contributed to the dreadful condition we are in. And I’m not sure any of them really have a clue on how to make things better. My only hope is that it is a long time coming before anyone will let socialists near either power or money; because they will abuse both of them until there is none left.
EuSSR?
We’re in the shit eitherway.
Put some shoes on then
Can’t afford shoes.
Quite happy without shoes, thankyou MB.
Brown will keep on spending until the election.
He knows that the massive spending cuts needed will make GDP figures highly negative and Labour will then blame the Tories for turning the taps off “too early” and “causing” another recession.
As Cameron has now completed the metamorphosis into Harriet Harman and is about to impose all women shortlists on the Constituencies, I’m off to UKIP with a donation.
What happened to decentralisation and local democracy?
When workers came in from the enlarged EU, and there was concern about the number of folk likely to join us. Labour greatly underestimated the likely consequences.
Worse for the tax payer here is that all the mainly Eastern European workers were able to claim additional benefits as soon as they had an NI number.
So we started paying Child benefits amongst many other things to large catholic Polish/Hungarian etc families. This is an obligation under EU rules. however if the benefits don’t exist or are limited to Country born folk only like Spain then there is no issue?
So the Poles and the rest of them started to return home in their droves.
Guess what, and you are all going to love this!!
We are still paying the benefits!!! like a CSA in reverse. This Government and computers don’t seem to get on.
So the reason why the PSBR is so high.
“More money is going out on the costs of failure – welfare payments – than is coming in from income tax.”
Poland, estonia, lithuania, latvia, hungary, romania, bulgaria,slovenia, etc all say thank you very much indeed.
Nobody talks about it. because nobody can quite believe it.
The Sir Humphreys are now really panicking because there really is no money in the Kitty to pay the Public Sector, let alone fund the pension obligations.
It’s a fucking mess!!
The Twat is going to spend spend spend right up to the election. This is a brazen attempt to bribe voters even though it will result in a bankrupt country. The only person Gordon thinks about is Gordon
Either that or the IMF will descend before the hoon can call an election. I still think that this a a possible scenario.
It will not be only the rich. The talented and young too. Do the 30% who would still vote for Labour have any concept at all as to what lies ahead? Moreover, has Cameroon the ability to paint such a picture so that all understand? Thus far the answer to both has to be no.
too true…both my children are plannng on doing their degrees, not necessarily in this country and then leaving for good. I may not be overly happy but if I was their age I would do the same. Britain is not the country it was when I was growing up. Which is a sad indictment as I grew up in the 70’s an I remember how crap they were!
Any graduate with a huge student loan and an ounce of common sense will emigrate pronto and never come back.
When in a hole and your name is Gordon’courage’McCoward then the only thing to do is keep digging and keep lying, dig’N'lie eh?
Our unelected serial imbecile has wondered from blunder to blunder smashing things up as he goes along and by the time he is booted out and the new social democrats(tories)take over the EU have a bankrupt failed state to take over, thanks Gordon.
SO WHAT ??
More money will be spent on your children’s government and serving their debt than will be spent on their education.
We are going to NZ in the New Year. They have a new Tory Government.
The PREFU report before they took power gave a dim outlook of the NZ’ers fortunes.
It was only when they got into the Treasury and quizzed the Quislings that the true state of the Overspending was revealed.
Huge Black Holes everywhere. A true “Scorched Earth”.
But they now have hope and are recovering, although the taxes are set to rise to cover the shortfalls.
The former PM, once elected as an MP gave notice to quit and took up the No. 3 Job in the UN.
That is where the failed end up.
NZ gave more contribution in absolute terms to her new Employer (UNDP) than did Australia over the last 9 years.
Despite having only 20% of the population.
Like Gordon Brown promising to put into Statute an ongoing obligation for us to spend .07% of GDP on Overseas development. Yet actually knowing he will be out of power soon.
Just teeing up his Sinecure in the UN.
Like we can afford anything right now. they are devious and scurrilous.
Bastards
Got a space in your suitcase? I’d get out tomorrow if they’d have me.
Former PM of NZ.
One Helen Clark is up to her old tricks in the new job that she bought at the UN.
http://www.kiwiblog.co.nz/2009/10/media_criticises_clark_for_lack_of_openess.html#comments
Gordon Brown is busy using our money to buy him the best job at the UN.
And his ‘Save the World’ speech about AGW just reinforces the ploy
£6 billion pounds in interest repayments in one month. They are borrowing to pay debt interest. The beginning of the end.
I’d love to see those Quangocrats and bloated bureaucrats forced to earn a living by selling to real customers, rather than just hoovering up taxpayers money by politicking.
They need to start practising shouting, “Big Issue!”
How the BBC reports the terrible figures. Give the figures, but say that it’s not so bad really, because it’s slightly less then what the City were predicting… so all is okay.
Indeed. Apparently unemployment is no longer a problem because its increasing at a lower rate.
NuLabour speak.
Things are getting worse less quickly = things are getting better
unemployment only at 2.47 million not 2.5 million = a fall in unemployment
Doubleplusgood.
There is even a song about it.
Don’t panic and stick to facts! First where would the rich go to? Tax havens could be abolished soon. Look at the truth,not lies. UK DEBT IS STILL BELOW THAT OF THE U.S. JAPAN AND ITALY and broadly similar to France and Germany. Check the facts before following selected statistics like lemmings. David Cameron has no experience of economics apart from counting his millions, he would not do any better. When the Tories were last in power they recorded deficits in some years. Throwing insults at Gordon Brown does not solve anything,use facts not rants.
Here’s a fact. It’s not the debt that’s the problem, it’s the widening deficit. We can’t afford to repay this as we’re borrowing ever more to pay the bloated public sector and supply them with pensions. Cut the public sector non-jobs for a start as they contribute nothing to the economy. The only money that any government has is what it can collect in taxes, and everything that it borrows has to be paid back – again by us, the taxpayer. Mr Brown deserves just about every insult he gets for getting us into this situation.
The Conserivtudes are painting themselves in to a corner again.
The reason is they can’t tackle the problem.
The problem is the malfunction and breakdown in the financial sector.
The breakdown occurred because of an excess of and consequent breakdown of ‘free market’ fundamentalism, also known as Reaganomics and Thatcherism.
They can’t tackle the problem because they are the problem, they are ‘free market’ fundamentalists.
Hahahaha
MB: you really are an idiotic little twit, aren’t you? You have a grasp of economics nearly as astounding as Stephen Fry’s “knowledge” of mid 20th century Polish geography.
Just go back to your playpen and throw the stuffed toys around, that’s a good little boy.
Australian joke:
‘How does an Australian recite the five vowels of the English language?’
Answer:
eh, eh, eh, eh, eh,
Racist little troll.
Actually the free-market was stuffed for the last decade by an ever more intrusive, left-wing political class that is utterly clueless as to how the fucking money markets should work.
They were like children sitting in a car parked on a hill, then they took the handbrake off and enjoyed the thrilling ride down the hill, picking up speed all the time and having great fun, until they crashed.
Then they blamed the crash on the wheels and claimed wheels turning round are dangerous and never work!!!
TWATS!
A very nice analogy there Mr. Ned. I’ll remember it.
It happened under Gordon Brown as The Gods That Failed points out.
What the fuck,may I ask has the ‘rich’ got to do with this? I see you are punting the same ‘ Cameron would not do better’ line How do you know?
I would expect the next Prime Minister to employ someone with a grasp of economics as running the economy whilst not having any has proved to be a folly. And please stop comparing the UK with basket cases like Japan and Italy -it is not possible to compare these or the US on a like for like basis. To do so is a distortion. We have had enough of those thanks.
That is a misunderstanding, Italy and Japan are basket cases, France, Germany and the US are basket cases, the UK is a basket case but Canada is less of a basket case than the UK and the UK is less of a basket case than all the others.
So apart from doing better than most other large economies the UK is doing badly.
Hmmmm…….
Do you reckon that Labour will win the next General Election, MB? Honestly?
Cameron is gutted over the conference outcome, blames it all on blondie.
As a percentage of GDP, the UK debt is increasing MUCH faster than the other basket cases. We are not the worst, as we did not tie ourselves into the Euro, but we are getting into a worse situation than the other basket cases, who have significant manufacturing and other income to fall-back on.
Labour have wrecked our manufacturing base. We had banking to hold our economic heads above water. That’s it!
Labour have handled the economy with complete incompetence from their first day in power in 1997!
What does Cameron have to be gutted about?
Latest ICM have Conservatives 44% (-1), Labour 27% (+1), LibDems 18%
Latest IPSOS/Mori have them at 43% (+7) Labour 26% (+2%) and LibDems 19% (–6%)
Both polls give the Tories a 17% lead over Labour which translates into a 126 seat majority.
The rich amigo are the people who employ, hire, spend etc
Without the rich we are all just a load of takers of which 2.5 m are out of work, x number pensioners, 4 m in the public sector non jobs.
No wealth creators = serious unemployment.
Everything must be done to keep the rich here whether you like it or not.
You must be totally shot away – After 12 years of LABOUR GOVERNMENT (not tory) try blaming the prats who put us in this fxxxing mess and not the people who will have to clean it up.
You are obviously not aware that Cameron has a degree in Economics whereas the gormless clot who has fxxxed the economy up has a degree in Trade Union History.
p.s. I seriously doubt that sticking to facts is your strongest point and it certainly is an alien concept where Brown is concerned.
Look upon our record levels of Investment and Rejoice!
Err, hate to tell you this but investment implies a return……
We got into this economic mess because we stopped using credit for investment and used it for consumption instead…
Sound familiar?
labour = right bunch of bastards
Apologies to Shelley, but….
I met a traveller from an antique land
Who said: “Two daft and brainless gits with gall
Now make a desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And hairy brow and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Healey, Twat of Twats:
Look on my works, ye IMF, and despair!’
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The debt and suffering for all stretch far away”.
The Winter of Discontent is strong in my mind – where is our Thatcher?
Shelley would not have liked Thatcher!
You mean “Fatcher”, don’t you?
Yeh yeh thesrite Fartchah! FARTCHAH eh? Eh woh? Farrrtchaaahhh!!!!!!
cue ironic cheers and jeers from the audience.
Great poet, terrible conceited selfish pseudo-leftie-aristocrat in real life.
You were on close terms?
“Look upon my works ye mighty and despair!”
.
.
.
Nothing beside remains…
Ah, Paragnostic beat me to the Shelley reference!
Correct!
someone has to make good the lack of investment under Mrs. Thatcher.
Gordon is a fat chump, a right camel toe
Beetle bonnet
Pit Viper, Gila Monster, Egyptian Cobra, Californian King Snake, African Cobra. Reptiles of the political kind.
Dave Komodo, lizard lips, flicking tongue and stupendous comb over. Hug a hoody, wear recycled trainers.
The Tories are no longer the nasty party they don’t even pick on gays.
Master Wormtongue has run out of insults just as the country has run out of money.
You must be mistaken MB. Your comment exactly describes Maister shitface mandelscum.
Tory = Nasty ? Have you heard any Tories proudly declare that they are going to piss on Blair’s grave when he dies ?
There will be a bloody long queue
Labour=incompetence
“The trouble with socialism is that you eventually run out of other people’s money.” – Margaret Thatcher
So what
But isn’t it fun in the meantime.
The trouble with socialism is that eventually you have to get out the rubber truncheons and mobilise the cattle trucks.
More fun, bribery and corruption.
Labour= incompetence and paying off their debt for years and years to come.
And Brown still thinks he saved the world. What a moron, What a conman
Hague’s list of NuLabour’s “Achievements”.
All OK apart from that?
He missed quite a few off as well, the conference was only on for week not a fortnight.
Yes, that was just the short list.
..And of course it will have to be paid back under a different administration whilst this lot are either enjoying their new jobs in Brussels, their peerages or their fat pensions…
If Cameron becomes PM and gives us a referendum on the EU there won’t be jobs for them in Brussels.
There is more chance of T. Bliar becoming Pope, than CMD giving a referendum.
The deal is in, the money paid, the favours called, CMD is playing a cynical game of bluff, he has no intention of honouring either.
All three main parties are beyond redemption, ZaNuLab are by far the worst of the three, only because they are in office and their endless talent for crass incompetence, the Lib-Dims, well where do you start, who on earth votes for them?
Lastly, there are the tories, some good guys among them, some excellent, however the leadership is dire, easily as bad and disingenuous as the socialist / fascists of ZaNuLab, with the heir to Bliar at the forefront, preening and posturing around the old, failed Bliar mantras.
Jesus Christ it says it all, if you consider yourself to be that lying crooks real successor!
That said, the tories will be the next “government” though in all honesty mere regional administrators for the EU, following their orders-directives, with as much zeal as the present shower of shite, while blaming said shower for their / our emasculation as an independent sovereign nation and ending effectively our freedom and democracy.
If you vote for any, save a handful of them, you deserve all you get.
It strikes home to me pal. Tory Labour Lib Dems all wasters.
Please give us some proper independants to vote for.
Enjoying swinging in the wind from lampposts, more like.
Why is anyone shocked?
Its simply what Labour do – tax, borrow and waste. They call it re-distribution of wealth.
How did the masses who were suckered into the Labur great lie expect it all to end? A fantastic New Labour Utopian dream or a hard headed Old Labour dystopian reality?
Gordon Brown is merely a product of his party’s core belief system.
Absolutely Goddamned Right!
Spot on, Dave. Labour Governments always end in tears – for us the plebs!!
Tory governments end in tears too,…..remember? Mrs. Thatcher cried when she was booted out ,…… by the tories.
22 November 1990, a truly great day for the United Kingdom.
Maggie, Maggie, Maggie, gone! gone! gone!
All those daggers in the back too, you could make out Ken Clarke’s initials on one of them.
Downhill ever since.
The real crying game will be when Brown is brutally ejected from his temporary social housing in Downing Street.
There won’t be a dry eye in the house, well perhaps there will be one.
Ken just doing what your one-eyed small brain scotch twat doing. Following orders from the Bilderbergs- ‘cept She wouldn’t destroy UK hence the order of the boot. She may have been a bitch but she’s our bitch!!
How did the masses who were suckered into the Labur great lie expect it all to end?
Speak to Joe Public every day. They STILL don’t think this will end any other way than things getting ‘back to normal’. What, 1933 normal?
LABOUR’S CORE VOTERS ?
I doubt whether any of them can make an X on a ballot paper, never mind read the candidates’ names.
Let’s put all the claimants on the Isle of Wight and then set fire to it.
Even the locals refer to it as the Isle of Shite.
In Pompey it is often called the Pile of Shite
What core voters?
Daily Mail Speaks . It must be true.
Nesbits
Re-distribution when the poor get poorer and the rich get richer is hardly what one would call labour values. The bottom line is labour is about feathering their own nest and looking after number one whilst bleating they are doing it for others. What a bunch of bastards and still their followers follow the Pied Piper comes to mind.
True.
It’s the middle class that will join the poor.
It’s tough at the top.
It’s tougher at the bottom.
The rich are bloody rich actually… haw haw haw
Lonesome Dave,
You cannot redistribute wealth, you can redistribute money, but in doing so you destroy wealth.
This is because wealth is only created through comparative advantage (mutually beneficial exchange of time), and socialist envy taxes harm this.
Put simply Socialism = Poverty.
My comment referred to what the Socialists have always called it. That has very little to do with pragmatic or political outcomes.
The Labour Party has always been the working man’s worst enemy. The “working classes” simply fail to realise the facts of the matter, blaming Tory Toffs. Utter nonsense of course.
Right on target.
Why should anybody be surprised that Labour have wrecked our economy? They did it in 1951, in 1979 and once again now. You might as well complain about the dog shitting on your lawn – that’s what they do.
The villain of the piece is our scandalously unfair electoral system that gave Labour 55% of the seats in 2005 with 35% of votes cast but only 22% of the electorate actually voting for them.
Now they are busily bribing millions of tax-eaters to vote Labour again with money grabbed from tax-earners. That’s what they do.
Unless we utterly destroy Labour for evermore in the next GE the Benighted Kingdom is destined to end up as a third world dump.
The problem with socialism is eventually you run out of other people’s money.
Japan’s debt ratio is far higher the the UK’s.
Isn’t it?
No they nipped it in the bud.
It’s substantially higher than UK debt to gdp ratio. Japan’s debt ratio is forecast to be more than double the forecast for the UK.
The main reason cited is that the Japanese cut stimulus in 1997, in order to try to cut the debt.
It had the opposite effect and led to the debt balooning even more and continued deflation in the general economy.
So everything’s hunky dory in debt ridden Britain because somewhere else in the world it is worse?
Who said you had no sense of humour?
Your numbers are wrong BTW.
The Japanese present all their figures… there’s no PFI or unfunded public sector pensions hidden off the balance sheet.
You seem to have forgotten the Jap’s car industry about 6 profitable car manufacturers to our couple both on their last legs, their electronics industry where’s ours? Their demographics — you don’t hear of the Japs taking in the disaffected uneducated poor of B•ngl•desh, P•k•stan or Africa. Their proximity to the emerging super power, China.
If I were Ms. World IMF bank manager, I’d give them a loan, but show the UK the door.
Even if PFI’s were included, and there is no reason they should be, which is why the IMF doesn’t, the UK’s debt ratio is far lower than Japan’s and the UK’s is forecast by the IMF to be far lower than Japan’s and lower than any other leading economy except Canada.
Look around round round round
So if we’re lucky we could come out of this depression with “just” a “Lost Decade”, not a very good promoter are you?
God is Truth is Love
Well, masturbator, when I step outside my door in Tokyo I find great service at reasonable cost from polite, well dressed people. I observe there is little crime, no garbage. No yobs threaten the grannies here. I note they are building a maglev train from Tokyo to Nagoya, having run a superb bullet train service for only 45 years first. I see wonderful products everywhere in the shops, most of them made in or by Japan. I marvel at the robotics, the nanotechnology, the space programme, the solar panels and the hybrid cars, the lithium-ion batteries, the 55 nuclear power stations. Japan has the world’s second largest foreign currency reserves, over one trillion dollars. It has a trade surplus and huge domestic savings.
Oh and if that isn’t bad enough, the new prime minister has a PhD in engineering and speaks a second language fluently.
Yup, Japan is a real basket case. Hopeless when compared with Brown’s paradise on earth. How did they get it all so wrong?
View from TOEFL,
Japan is a great country, so is the UK.
But:
Don’t forget the wage and price deflation.
Don’t forget that as an individual deflation makes your assets (house) decline and your debts (mortgage) grow.
Don’t forget the share index being 75% lower than 1989.
Don’t forget 18 continuous years of declining house prices.
Don’t forget the demographic time bomb.
Don’t forget the debt ratio.
Don’t forget the lack of mains sanitation in a city of thirty million.
Don’t forget miniscule living accomodation.
Being stuck in fog doesn’t mean you’re in heaven.
Explain why PFI is not to be included? It is a liability the taxpayer will have to cover. Of course we could follow your accounting practice and ignore numbers we do not like. We would then seem to be far better off than we are,which is lovely but deluded.
PS the IMF do not include PFI because the government cannot actually figure out how much the debt is.
Have a lie down.
“Have a lie down”
In other words, I can’t answer that.
Brown has special open but pajamas
All the numbers on the menu please love.
Gordon has now championed climate change – has anyone got a fur coat and a hot water bottle I can borrow?
…only 50 days to save the World! He claims.
He is even stealing lines from the Flash Gordon film now.
I thought he wasn’t meant to be Flash?
Flash, saviour of the Universe!!
More like Minge the Merciless
Let us not forget “curing cancer” is on the top of his “to-do” list as well.
When’s he gonna walk on water? Oh, wait, that was Tony Bliar.
It would only proove that shit floats
We certainly need someone to rid us of this cancerous government.
P.S. Cancer is already curable – but the medicine can be fatal. See Bloodroot.
Well that’s Global warming as a growth industry finished.
The European and North American ski resorts have just had record falls of snow and have opened their seasons early.
Global Warming my arse. It’s a global scam.
Don;t get weather confused with climate.
Or confuse hot with cold. Sure.
Perhaps some people have short memories and forget the blazing hot weather they had in Australia while we had a little flurry of snow that had all the swivel-eyed climate change deniers writing to the papers saying Climate Change doesn’t exist.
Climate change means more extreme weather. New Orleans flooding, for example.
“one swallow doesnt make a summer”
Unless its convenient to believe that.
Record snow is more to do with getting clouds to go over the alps. I remember quite specfically a year when the snow was shite in the alps. it was bloody freezing too.
It’s not the first time New Orleans has flooded and it is not the first time Australia has had drout.
The planet has had massive climate changes since its creation.
The key points are these changes are: 1) NOT MANMADE and 2) THERE IS FUCKALL WE CAN DO TO STOP THEM.
Well, due to your use of capital letters I shall have to believe you.
As with most disasters the root cause of the Katrina floods was actually a cascade of lesser fuckups.
New Orleans flooded because some idiot built a city below sea level in the middle of Hurricane Alley. Then another idiot decided that flood defences capable of defending against only the mildest of hurricane surges was necessary. And finally another idiot decided to spend the maintenance budget on floozies, welfare for noisy interest groups or whatever while a fourth idiot continued to allow the city to expand into less and less suitable areas.
Meteo Man supports his “case” by reference to the blazing hot summer down under. He conveniently “forgets” to mention that it was followed by a bl**dy cold winter with very widespread snow in many areas that haven’t seen snow for years!
Don’t let the fact that 10 years of slight cooling which totally falsifies any theories of catastrophic warming, get in the way of theories of catastrophic warming.
IT’S A SCAM.
We’re not fooled by the scare industry any more, especially about a 0.001% change in the atmosphere.
What evidence do you have for that? URLs etc?
1998 was exceptionally hot.
1997 wasn’t.
T C-A is a classic case of a natural climate change denier.
That really is piss poor.
Are you disagreeing about the graph, or just pissing about trying to find things that look convenient for you?
Irrespective of climate change.
Oil is going up in price for a reason.
Oil is running out.
If there is no climate change, so what?
Is making wind turbines any less productive than ferris wheels?
If there is climate change trying to counter it is a reasonable course of action.
The reason people give the benefit of the doubt to those who believe there is man made climate change is the lunatics who deny it.
Keep up the good work.
The famous hockey stick has been disproved as a lie since they *deliberately* left out crucial data.
50 years to prevent an ICE AGE*
http://wattsupwiththat.com/2009/01/06/ncdc-updates-database-for-dec08-ncdcs-own-graphic-shows-10-year-cooling-trend/
* I don’t believe that either but I thought I’d do a Scare industry style lede.
http://www.climateaudit.org
MB is wrong again. Oil is going up in price because the US dollar (along with Sterling) has been totally trashed by lunatic government tax and spend idiocy. Coupled with zero return on cash, speculative money has to go somewhere to find a return. If he bothered to look, he would also find that equities are on a “bit” of a sucker’s rally as well.
Global demand for oil is not rising and is currently less than the level of production, i.e it is not “running out”.
As for the recent substantial rises in the price of oil derived products at the UK retail level, you can (yet again) quite correctly blame that entirely on McDoom and his economic madness.
Mr. One. So you’re info is from a crap blog.
The real graphs without cherry picking, don’t say that. with a slightly noisy graph – 1998 oddly hot. 2008 oddly cool. Choose any other two years and the story is entirely different.
Cherry picking.
It’s El Ninio. Happens every seven years or so. Changes the climate worldwide so I’m told. How do they stop that then?
Actually, El Nino.
El Ninio is Master Baiter’s Spanish cousin.
Aunty Pod Ian,
El Nino is not spelt the way you have spelt it
eh, eh, eh, eh, eh
(transl. a, e, i, o, u)
Jenson Button will never be World Champion again, Beth Tweddle will win another medal before the Feacal Finger of fate strikes
Oh no she won’t!
http://www.timesonline.co.uk/tol/sport/more_sport/article6882415.ece
He is totally clueless.
clueless is he totally
Anyone who owned an ant farm as a kid would surely be more worried about population growth
Global Population has trebled since David Attenborough started at BBC, now I now he is old, but trebled!
Climate change may or may not be man-made, but population growth is the clear and present danger
I guess that’s the one for the next generation.
The clear and present danger is indeed over-population.
Went to India last year. OMG.
So we are struggling to feed the world and the fruit loops who are Natural Climate change deniers. They gave tax breaks to turn cereal crops into Bio-Fuel Rape-seed.
Hard to even make up really.
Natural History deniers who believe that we are more powerful than the SUN, or Moon. More powerful than a super volcano that can emit in one all mighty belch more poison and CO2 than the Man made kit could in a Millenium.
Our place in Taupo, NZ was the centre of the largest Volcanic eruption in recorded history. Look it up on Google.
It is like SARS, Bird Flu, Y2K, and Plane Terrorism. Just a panic message to scare the reef Fish into tax submission.
Gordon will save us.
Yup, because like labour promised before their last election they’ll be seen to be whiter than white whilst preventing a return to boom and bust.
Is that a racist remark?
These Labour bastards are good at spending other people’s money.
“The trouble with socialism is that you eventually run out of other people’s money.” – Margaret Thatcher
The one sentence that puts Socialism into a nut-shell. Well done mrs. T as usual.
She was way ahead of her time. I know when I was better off and it was never under a labour administration – got duped by Tony but never again. Fool me once shame on you fool me twice……….
Peter Mandelson said
I am very comfortable with people getting filthy rich
Peter Mandelson meant
I am very comfortable getting filthy rich
Good point. I know always use Mandy and Scum in the same sentence.
I am very comfortable getting filthy, Rich.
Allegedly.
Peter Mandelson meant:
I am very comfortable with a throbbing cock in my anus.
Can I join in again?
you’ve got to hand it to him, he’s gotten rid of boom and bust just as he promised. there’s no glimmer of boom ever again…
Yep BUST BUST BUST all the way.
Any truth in the rumour that Brown bottled an appearance with the other leaders at the Speakers Conference?
Paul Waugh cetainly thinks so.
http://waugh.standard.co.uk/
From the Glasweegie Herald:
The PM was “not afraid to debate anyone”, so said his spokesman,
The statement was made in the context of the BNP’s appearance on the BBC TV’s Question Time programme on Thursday. It’s causing some soul-searching in SW1 with the wily old Jack Straw appearing for HMG but with Cabinet chums Alan Johnson and Peter Hain already coming out against BNP leader Nick Griffen getting a seat at the TV table.
Remarkably, there does not appear to be a collective government line on this one, or should that be unremarkably, with No 10 making clear that while Gordy would take anybody on, he was relaxed about Johnson and Hain saying what they have said about the issue.
So when the PM’s spokesman was asked, given GB was willing to take on all-comers, did that mean he would be willing to take part in a TV debate with Alex Salmond. The PM’s spokesman pondered this for a moment and then declared:
“Discussion about the terms are being worked out at the moment. It would be premature to make any comment on the televised debates.”
Phew, that was a close one.
—
End of cut and paste.
What is the way out of this? Provide world class incentives for new businesses to set up in the UK and for existing businesses to grow, creating more jobs.
We actually had good conditions for this pre-Darling. However, with the loss of Taper Relief and the introduction of higher income tax rates, together with the loss of tax relief on pension contributions for high earners the risk-reward ratio is no longer favourable.
For this reason, my next business won’t be based in the UK. At least not until UK income tax and CGT rates return to sensible levels and reward the risk I take.
Not stealing from you is now an incentive? What’s the best thing the government can do for business?
1. Get out of the way.
2. Regulate it’s monopolies (Money, Land) correctly.
A 10% CGT rate and the possibility of keeping more than half of what you earn is an incentive, but the Government can of course also help by reducing regulation.
No, It’s less of a disincentive. There’s a bit difference.
Regultation has created loads of nulabour jobs.
The old labour way was to have people digging holes in the road and filling them in.
The nulabour was is to have bureaucrats issuing permits and examining forms imposed on every type of business
Reducing the population by culling the useless mouths:-
Benefit scroungers, quangocrats, Guardian non-job holders, anything funded by government with the word “agency” or “charity” in it.
Oh, yeah, and socialists.
One Folk!
One Leader!
One giant leap for mankind
But I don’t support the Nazis (New Labour) you stupid tosser. I want to see England liberated from them. I am an “insurgent”, an “underdog”. I am an English nationalist in the sense only of defending my homeland against a cruel and tyrannical occupier (the Big Jesse and his Communist Mafia).
I do not support the BNP. I am not a National Socialist (= New Labour). I am not a racist or homophobe.
I just want justice for England and to see England freed from the real Nazis (= New Labour). I am not alone. There are millions of us.
So piss off and peddle your stupid propaganda elsewhere, you nasty little turdbrain.
Will McTwat get a mention in the Guinness Book of Records for this?
After all it is an astonishing achievement…
yeah know but its my humen rites for all those wat work to pay for my kids init. plus voting tori is rasist – i lerned that in my a leval in traktor stattistiks and diversity studys.
Terrifyingly close to the truth, my friend.
One Folk!
One Party!
One Leader!
Hail!
As previous post. You are an idiot.
No this is serious it’s a new tactic you will obey, destroy, destroy!
Exterminate, exterminate!
One Folk, One Party, One Leader, Hail!
You are a stalker. Piss off.
Brown congratulated Jenson Button on his recent achievement.
That’s probably fucked his career for good…
He didn’t bother to call our other World Champion, Beth Tweddle. Who? Exactly – there’s no limelight to absorb there.
http://www.timesonline.co.uk/tol/sport/more_sport/article6881563.ece
Yeah, I saw that too.
Poor lass is dedicated to her sport for sporting reasons, gets littel financial reward and he shats on her from a great height.
Sad, as she is a good role model.
sadly I am sure that you’re right, the man is pathetic in his chasing anyone who will give him a little stardust – nothing will ever be more humiliating than his chasing president omaha beach through the kitchens of the UN after he refused to meet the Gorgon 5 times.
Gordon what are you doing with that turkey baster? Stop waving it around like that. Ah, you wanted me in the kitchen so you could show me the turkey basters. Sure, we have lots of turkeys – we eat ‘em from time to time too, heh heh. What was that? A job? Later? What sort of a job, Gordon? You know I’m not going to bomb Al Jazeera, so don’t ask. Yes, I reckon we could find you employment next year. Turkey basting? Yes, I heard that Gordon, you don’t have to talk quietly, my guys are all vetted. Heh Mossad vetted them too. A job right here in the UN? Sure Gordon, anything you like. FFS Gordon, no I don’t want to know what else you do with turkey basters. Guys, I’m outta here. Take that creep somewhere. Yeh I have an idea. Do we have any turkey farms around here?
What was he doing in the klitchens?! Was he looking for shortbread biscuits?
He was learning how to flip burgers for his next career move.
perhaps because she isn’t that photogenic…
If I was her, I’d keep Shtum, who wants Jonah’s curse upon them?
He doesn’t like girls, except as ornaments for PR purposes.
Beth, although gorgeous, talented and super fit, wears braces and so does not fit the PR profile.
Ask fatty arse Flint if you don’t believe me.
She’s a mere woman, the gorgon isn’t too keen on those ‘ type of people.’
So what?
Not many trolls around this morning.
No answers or perhaps still working on the best biscuit policy – which ones are the most vote winning. Very tricky
Still waiting for answers to yesterday’s questions from ZanuLab Central. Labour trolls are crap at what they do and not allowed to think for themselves.
It needs to go to the local committee, then onto to central committee then the inner members need to vote on it.
Patience.
They need to redistribute the bullshit so that all blogs get an equal share.
They’re still ‘counting’ the postal votes.
The politburo’s not due to meet until tomorrow, so no new smears till then.
They are very active writingm to my 3 local papers with a letters page. Old style NuLiebore 360 degree class/envy warfare
£14.8 billion – fecking peanuts. wouldn’t keep me in Lear jets and Man U prem tickets.
D’you know what Guido, it can get a little depressing coming here sometimes.
Just understanding the sheer amount of sh!t this country is in is frightening.
The answer is one of two things (or combination of both).
1) Grow tax revenue
2) Spend less
I think we’re taxed enough as it is, and obviously there’s laffer effects and so on so I think (1) is primarily out.
So, spend less.
The only way to really have an impact on that is to cut the salaries and/or jobs of public sector employees.
Whilst I appreciate the services of the frontline lot (generally speaking); the armies of bureaucrats and so on is just a drain on public money.
Aha, some might say, but if you get rid of them then they become unemployed.
Good I say. I’d rather they were paid £60 a week for doing nothing than £1000 a week for making life worse for everyone.
The fly in the ointment?
The ruddy great redundancy payments for now. In the future? The frickin pensions liability.
WTF is happening with those postie muppets? Do they really think a strike will help their cause?
No, customers will b*gger off to courier companies (with no IR issues) never to return.
So if you think mail volumes dropping by 10% p.a. is a reason to modernise, then wait until you lose the majority of the commercial parcel business. That will sting to the tune of 100’s of millions probably.
Then with no revenue, huge redundancy payments and a £7 billion hole in the pension pot, who do you expect to bail you out?
Me? You’ve just refused to deliver my post you TW*T!
Feel free to scream RTFM!!! at me, but does the phrase “frontlne services” have any generally-accepted meaning, or is it just a way to avoid having to spell out exactly which classes of public servants are to be exempted from inevitable wage cuts or redundancy?
With me you’all always get Labour investment, not Tory cuts. Even though it’s bankrupting the Nation.
Look, we need doctors and nurses. We need coppers. We need the fire service.
What we don’t need (and I stress the word NEED, not WANT) is a load of nonsensical commissions looking at keeping us all PC and that old b*llocks.
Look at half of the jobs in the Guardian if you want a definition of “non frontline” jobs.
In fact, I’ve done just that for you…..
Team Leader, Economic Growth (initially based in Abuja, Nigeria) £55K salary.
Do we need the state to provide them (police excluded)? It seems that the state is very poor at services.
I think it would be better if the state keeps to it’s core function (violence) and gives us the extorted money to purchase these things.
who’ll shoot foreign plumbers if not us?
The “diverse” and “recent imported” communities seem to do a much better job of shooting people than the police do.
I suggest the minimum wage is removed, and we go back to work houses until we have rebuilt an economy that can compete with other third world dictatorships.
The minimum wage raises no-ones wage, all it does it make unemployed those who could earn less than it’s value.
And all those that used to earn higher, their wages fell to meet the minimum.
Yes, it does increase demand for those jobs @ the minimum wage ensuring a depressed wage curve slightly above it.
Fuck the poor! The banks are raking it in again! Huzzah!!!
most senior police are bureaucrats – swing the axe!
What worries me more is that a false situation has been created by QE and now the banker’s and the govt are responding to it rather than the real one.
It’s a big conspiracy between the banks and Brown. He’s looking for a nice job in the afterlife of Downing street. They think we don’t know what they’re up to.
How much of that money was spent on equality legislation?
Gordon piffled at today’s select committee on ‘affirmative equality’ as I write this, and Cameron’s reply is a bit of fudged too.
Both Stratified and Non-stratified candidate short lists are deliberate distortions to correct naturally occurring distortions. People may switch votes if they think they are getting phony candidates, who – let’s face it – are being “used” by the political parties to improve their images.
Has everyone forgotten about Merit? I don’t care whether the person up for the job is sky blue pink or has 3 legs – the key question should ALWAYS be, are they the best person for the job.
I hate all forms of discrimination.
>I hate all forms of discrimination.
Quite right, you bog-trotting God-botherer.
Feck off Gob-shite.
Arse
Drink
Girls
Remember, the watchword is prudence.
Well Brown, you certainly brought an end to boom, but you fucked up on bust.
Brown=busted flush
no it was “an end to boom, and bust”
It’s the downward spiral so reminiscent of the Callaghan administration, shortly before the IMF were called in.
Only this time it is far worse. The numbers are staggering.
Now is the winter of our discontent
Made furious ice age by this son of manse
And all the debts that fall upon our house
In the deep obscurity of the accounts buried.
I haven’t felt so depressed about the future since 79 – where is the Maggie de nos jours? It ain’t Cameron or Osborne, that’s for sure.
We need a coup, and to drag Dan Hannan back from the Brussels gravy train to sort this out.
This is messy
Don’t forget that all that bond selling is helping to ramp up bank bonuses
which should lead to higher tax revenues
…and the Brown merry-go-round continues
Just like the economy cannot be sustained by a group of people selling less affordable housing to each other, the economy cannot be sustained by taxing bank bonuses.
And the QE going into the banks is pushing up the stock market bubble. Another bust just around the corner when it stops.
646 people have used and abused the power we bestowed upon them, on our behalf, not just to rob us and steal from us for personal gain but to shit in our faces whilst doing it. They have created thousands of new laws that demand our stict and total obedience. Laws that now see old men standing OUTSIDE a remote country pub on a dark winters night in the rain. To smoke a cigarette. After paying the 646 three quarters of the price in tax. Or fining him £2000 if he lights up inside. Or fining him £80 if he is late putting 20p in the parking meter. After taking half of his hard earned money in income tax.
These laws were not requested by us, the people. YOU created them simply because you could. These are the 646 spitting in our faces. Whilst robbing us blind.
Now the 646 are now running for cover from an ever more angry mob, furious at the injustice bestowed upon them by the “political elite”.
You created the mob guys. You did it. Like children teasing a snoozing Rottweiler with a pointed stick, you ignored the warning signs. And the hand that feeds you is now going to smack you very very hard indeed. The Rottweiler is turning into a snarling, dangerous animal.
And when we’ve finished with you, we are going to turn on all our representatives from the Lords to local councils, from the Police to the Judiciary and show them that we, the people have fucking well had enough of your sneering and piss taking ways. Enough of your corruption and “vested interests”, enough of your petty laws, enough of your false authority over decent, honest and hardworking people.
You can come off the fence anytime you want
Enjoyed the read OH. There will be a big clearout come the next GE but our system will still see some of these troughing guys/gals re-elected and that is a massive indictment. People need to educate themselves as to who they are voting for and perhaps the media: local, regional and national could take up this challenge to make sure the voters are fully aware of the background/history of who they are voting for.
We, outside the rent-seeker class, are all slaves. I just hope there are enough un-cowed slaves to overthrow the people who claim to own us.
Agreed.
We had our chance when the banks were (allegedly) on their knees.
We could have sent the Investment Banks bust and retained the retail arms, cancelled the PFIs and sent them all packing.
There aren’t.
Bollocks, OH. The smoking ban was long overdue.
Best thing ZaNuLab ever did.
But they can still smoke in the Hoc if I remember. But it’s what’s best for you, not for us.
Wanker. Let pubs decide if they want smokers or not. let the fucking market decide.I don’t need some 2-faced chumps telling me what I can and can’t do when doing it is NOT illegal.
My local pub closed six months ago, not enough customers to keep going. The non-smokers who wanted it to be smoke-free stopped going because their smoking friends stayed at home with a few beers so they could smoke. Also didn’t invite their “friends” over because they made it plain that they didn’t like smoke. Not only did the pub close, but friends lost touch with each other.
Once more, law of unintended consequences. Just like pretty much everything else this socialist government touches…… they never consider the possible results of anything they want to do. Fifty percent of kids to university, increase the fees, less poor kids can afford it so a lower percentage of “disadvantaged” kids than 15 years ago…..etc…. the list of disasters goes on. Fuck it, now I’m depressed.
I disagree that it is the law of unintended consequences, when conducting a coup limit the opportunity for the masses to ‘talk’, dilute any opposition
I’ll be there on Nov 5th OH – maybe it will make a difference, maybe it will just make us feel better for a few hours until we get corralled and victimised under section 44.
No ID – and they can have my pseudonym gladly.
Disobedience is the true foundation of liberty. The obedient must be slaves.
~ Henry David Thoreau
I’ll be there. Love annoying the bizzies- got questioned going to my home next to conf. centre in Brighton. After several smart answers copper says” think your clever, hey”. I replied that ” it only appears so in present company”. Bloody wasted on them. Shame would have become a cop but unfortunatly passed IQ test
That’s over eight quid a day for each man, woman and child in the country!
Not sure I follow your figures:
£8 x (say) 60 million = £240 million/day
£240m X 30 days = £7.2Bn or
£240m x 365 days = £87.6Bn
Guido’d figures appear to be roughly twice yours. Are you Gordon Brown?
NO ! I am Gordon Brown – I got the figures wrong, and you are right!!! AAHHHH!.
I’ll fetch my coat
Corrected figures:
£8/person x (say) 60 million people = £480 million/day
£480m X 30 days = £14.4Bn in a month or
£480m x 365 days = £175.2Bn in a year
All looks OK now.
Marvellous things, calculators – as long as you press the right buttons. Let’s learn the lessons and move on.
It’s roughly 1 Pound per wealth creator per hour, or 3 pounds per wealth creator working hour.
Debt is deferred taxation…
What’s a CDO?
What’s a CLO?
What’s a mini SIV?
What’s a CDS?
What’s a deregulated ‘free market’?
Oooow gubmant Booogie Mann!!
Hahahaha
Well, I know what all those things are MB. It is a pity that you don’t!
There all ways that risk can be transferred between market participants.
When they all settle the net sum is zero.
AC1:
“It’s roughly 1 Pound per wealth creator per hour, or 3 pounds per wealth creator working hour.”
I have to disagree with the last part of this calculation, AC1. Most wealth creators spend far more than 8 hours in 24 working at creating that wealth. It is only the tax-taking desk jockeys that seem to think 8 hours constitutes a full working day. Better make it 2 pounds per wealth creator working hour!
Sorry but cannot make your figures work. I think you need to times your number by 2 or perhaps even 3!
At that rate of £8 per day the little shits are going to further in-debt every UK citizen by a further £1800 on top of the £23,500 clocked up to date.
Wat Tyler covered this again yesterday, and he came to 300k debt per household.
http://burningourmoney.blogspot.com/2009/10/latest-on-real-national-debt.html
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
Sir Winston Churchill, KG, OM, CH, TD, FRS, PC (Can).
(Prime Minister 1940-1945, 1951-1955
Socialism can be OK, just like communism can be OK, just like dictatorships can be OK.
But pure greed, dishonesty, and corruption ruins all systems.
Putting a sheep skin over a wolf does not stop it biting you.
I knew Blair was corrupt from the first time he opened his mouth on TV. I left the UK as soon as I could. I could not believe that they were voted back in 2005 and returned to see what could be done. But I am sorry to say after seeing this country again, it was clear it is doomed. The voters have been given exactly what they wanted. The addict mentality is here to stay. They is no long term.
Just like religion can be ok, but is always taken over, altered, then used as a control mechanism against the people.
Imshalla
As religion relies on ‘belief’ with which there is no arguing, ALL religions are bum raps.
You have a point there… The function of religion is to uphold the social structure maintained by those in power, or to support those hoping to get into power.
And Marxism is the religion for narcissists.
Ludo (RIP) had this one right.
Man created a God, not the other way round.
Wheras many nutbag religious freaks are NeoCon retards
MONG!
Slavery can be OK too?
Slavery has been reborn as the low paid tax trap. So some one obviously thinks it is OK.
There is no such thing as an “OK” ism. Not even ToldYouSoAsISitOnMyFatArseSomewhereThatIsntBritainOK?Ism
A family friend’s (now deceased) sons went to school with Blair and said he was a scoundrel, a sneak and a liar, even as a child.
Proves the saying, ‘leopards don’t change their spots.
I wish the IMF would come in – but it looks like they are waiting for the Tories to come in and clean it up!
They will have to at some point. UK plc has lost its allure as an investment destination and nobody trusts its bonds.
The only reason the £ has not collapsed further is the fact that the US authorities are printing dollars at an unprecedented rate.
The Bernanke -Brown strategy to avoid deflation is to create so much money that it will trigger inflation.
This is a massive gamble to avoid the social unrest of a Depression, but the excess money is being used to speculate in property, commodities and shares.
The World economy, having collapsed due to excess debt, is being treated like a junkie who cannot live without his fix of more debt.
Nobody seems to be able to predict how long it will take to extricate us from this quagmire.
At last: an explanation of what commentators tend to call a “bull market” (rising asset prices: rising stocks, rising house prices) at a time when the winds are coming from the opposite direction.
Wanton and reckless behaviour by central banks, acting in concert, has resulted in there being a greater volume of fiat money being available to spend on the same assets/stores of value.
Meanwhile, attention is being drawn from this by the fact that non-asset ‘consumables’ get measured on a different index, which is rising imperceptibly.
At around this time, Lewis Carroll’s joke about “the people who make a precarious living by taking in each others’ laundry” gets trotted out by folk like me.
What is particularly worrying is that I do not believe the central banks know what will happen when the brakes are applied to the money supply. Unless there is a conspiracy to manage bond rates, i.e. an orderly market, we would expect interest rates to rise eventually.
It is remarkable how all the central banks talk about a prolonged period of low interest rates. Probably more in hope than expectation.
Orderly Market = Conspiracy to Manage Bond Rates
Never heard of the ‘orderly market hypothesis’ being described as a ‘conspiracy’ before. Usually, the story gets told in terms of individual rational actors within a market seeking to maximise return on their investment.
Calling the ‘invisible hand’ a Conspiracy: a ‘Concert Party’ of the sort that suddenly became very illegal round about the time that Ernest Saunders became a public figure, surely cannot be true.
Fans of fairy stories should be aware that Pamela Anderson is appearing in ‘Aladdin’ at the New Wimbledon Theatre this year as the Genie. Book early.
Can you sell a country on eBay?
Britain is up on Ebay right now
Crikey, the postage is extortionate.
Just put a bid in for 2p.
Big Ben will look good in the hallway.
Outside toilet more like
CHANGE ???
50p or £1?
Love it. UK compared to Beanie Babies. You could not make it up.
One measly bid and that’s from Nigeria.
Wo is me! And you think it’s a joke!?
It currently says:
Time left: 2 days 5 hours
I wish that were true…..
12,000 pounds per annum per family of four …
And yet, still, STILL, nearly 30% of the morons in this country will continue to vote Labour.
I don’t like Cameron at all, but frankly this Labour nonsense has to stop.
The really depressing this is, in 20 years we’ll probably be having the same conversation after next bunch of socialist nitwits f*ck it up again…
The world economy is fucked, and it’s not all run by socialists.
Funnily enough the economy that’s doing best is China, run by the Communists.
Fucks your stupid argument right outta the water, innit
Most of the Chinese economy is capitalist, because the Commies there have a sense of realism and know that letting the market work is the only way to get out of trouble.
Fucks your argument out of the water too!
Only began to boom once your Communist friends opened up the economy as a free market, stopped interfering and followed the lesson of Hong Kong:- minimum government interference + minimum tax = maximum growth.
The opposite equation, as practiced by the Big Jesse and third-rate tossers like Ed Balls, Jacqui Smith, etc.,:- maximum government interference + maximum tax = minimum growth.
Let me guess ‘it started in America’, yes?
F*ck off you socialist tw*t.
Go back to the Guardian…
The crisis started in America.
Where unsustainable loans were sold then chopped up, packaged and laced in to securities and derivatives and injected in to financial institutions all around the world, like a virus really. Those securities and derivatives went belly up and with them one of the big ‘free market’ players, Lehman Brothers. The world economy then had the equivalent of a cardiac infarction to be revived by international governments acting in concert.
Even the dimwitted that visit this site realise that now.
Which leaves only those in the dark.
There’s a little more to it than that. For instance, you can play on the fact that the USA has different rules to the UK on how much you can lend/create for each dollar/pound that you have on deposit and spin money like you were Rumpelstiltskin just by transferring it across the Atlantic and back.
Things were a lot simpler when people like Sir Isaac Newton believed that value inhered in the Coin of the Realm because of the Divine power of the King, rather than a collective delusion.
Trying to keep things simple here for you, MB, but who set up the unsustainable lending in the US? And who joined in and sponsored it in the UK? Here’s a clue: it wasn’t the nasty banks.
Northern Rock had nothing to do with USA, just lack of control of the money supply by government, lack of active supervision by regulators and stupid management of the company.
WE PAY THE EU 13.8 MILLION POUNDS AN HOUR SO THE PSBR IS MAINLY TO PAY THE GOD DAMNED EUROPEAN UNION
WITHDRAW NOW!
er…..How much?
http://www.brugesgroup.com/CostOfTheEU2008.pdf – 2008
the latest TPA assessment in March 2009 -
http://www.taxpayersalliance.com/eu/
£14,240,182 on the basis that it costs £2000 per man woman and child per year with a population of 65million x £2000 / 365 / 24 = £ / hour
If you say there are only 60 million people in the UK it works out at £13,698,630 per hour.
So then- “no more boom” from the Rt Hon Hoon! -he was right in that respect, eh??-plenty of BUST though?
It should be clear to all by now that Brown is a TOSSER.
It’s certainly clear to me.
Labour = bunch of bastards
Do you count child-allowance as the ‘cost of failure’? Hope not. I’ve worked damned hard for it over the years, as has Mrs Street.
I do. It’s an unearned benefit, I’d rather “reward”* savers and wealth creators with a tax cut so they can afford their own children.
*Not much of a reward to promise to extort less.
Do you count child-allowance as the ‘cost of failure’? Hope not. I’ve worked damned hard for it over the years, as has Mrs Street.?
Yes I do, I would fine people who wish to breed. Many of us work hard and contribute, but do not see fit to burden the state with the cost of our progeny.
Was it Gordon who mentioned gulags for slags. If so, it the first good suggestion in 12 years of New Labour stupidity and incompetence, still not enough to get my vote though.
Why fine them? Just make them pay a LVT, and make them pay for their own childrens education.
LVT?
Land Value Tax; see HERE. Interesting.
I feel a need to comment on the FSA clobbering and interfering in the mortgage market. Targetting the self employed, who make up a huge number of workers in the UK, builders, small businessmen and women are also classified as self employed, GPs etc, are now going to find it difficult getting a mortgage. And why, the problem with the likes of Northern Rock and HBOS was a corrupting greed for success today, borrowing huge sums short term on the money markets for long term mortgages. Why was this not regulated, because the Bank of England had been neutered, under Gordons tripartite bollocks. Many of the individuals in the FSA were connected to the very banks they were meant to regulate. Greed and a failed system. And the response, to clobber the self employed who actually had no part in the collapse of financial institutiuons. The FSA is still run by useless political wankers, looking for a knighthood no doubt. They are closing the stable door after the horse has fucked off to France and been eaten. Why should civil servants control the mortage market? The problem, you dum fucks, is with your mates in the banks, who are not going to be regulated in any meaningful form. This socialist, political gesturing really really pisses me off. Why cant these bastards in the public sector and the EU etc just fuck off and leave us alone to make decisions for ourselves. Pricks
Great post and on the money. FSA what a joke. The could not regulate your central heating system. The problem was GB’s failure to adequately regulate and now has the gaul to blame everybody else for this failure. The tories have part of the solution bring bank the B of E and say what you like the Merv the Governor talks a lot of sense. Ask him what he thinks of GB. Doing away with self cert mortgage is NOT the answer just more waffle.
You either have the money (banking, politics, quangos), or you are a public sector worker, or you are retired.
The rest are in social housing.
(The few others are now insignificant and can not make a difference)
When the FSA was formed, an acquaintance of mine was tapped up to head it – he opted to take early retirement and keep his integrity instead.
Check Private Eye from 97 for the name – he’s related to me so I won’t post it here.
Agree 100%. Typical Labour bollocks. Fire the biggest missiles at the smallest target. Without a self-certifying mortgage thousands of self-employed are going to find it impossible to buy their own houses.
Check out the Retail Distribution Review (RDR) for more utter bollocks being dropped. Commission being banned the way forward will be to charge everyone for advice. That is not a minor change that is a major cultural uturn which will result in the vast majority of the british isles having no financial planning whatsoever. Having SOLD financial products I can assure our masters at the FSA the young single parent with six kids on a sink estate will not pay me a couple of hundrfed quid for my advice, she will simply die with no cover whatsover. The state will look after her kids.
Sandler fucked the pensions industry before it bounced back after the climbdown. Hector Santz self styled hard man of the FSA is doing his best to fuck the rest of it up.
If the masses were to be exposed to independent financial advice they may be less inclined to be a beholden people in debt to the State and its apparatus (now including the banks). Master Baiter and his ilk would have you believe that even more “regulation” (AKA state interference) will sort it all out. Neatly forgetting that the state caused the problem in the first place (Clinton in the US, McDoom in the UK). Morons one and all.
Who’s the old fruit with the parka? Can’t be arsed clicking….
We shall be in London by Christmas*
* Christmas will of course be cancelled under our “Emergency Rescue Directive No 23 as the country can no longer afford this.We shall also be instructing our legal team to demand payment of £23,000 from each man,woman and child within the UK by 31 December 2009 failing which we shall commence bankruptcy proceedings under our Mortgage Deed
£14.8 Billion! It’s not enough, I must spend more.
It’s getting worse, isn’t it?
But whilst Brown is borrowing (or printing) this money, Brown’s Britain is becoming a sinkhole of despair…
Balls branded bully, Labour says they have learned their lesson, MPs will smear Legg, drowning puppies used to sell Brown’s latest scam, UKIP under attack
calm down McSnot, that’s not the real figure, just the one fed to the plebs, like the fantasy inflation figure.
Brown: Inflation what inflation. We will fudge the figures by removing what we can and with wonky statistics you know the great stupid british people will believe what they are told by my great scottish NuLabour government. FFS Brown please go and go NOW.
Basically, when govt spending is included in GDP, the extent of slumping in the real economy can be disguised by “investing” like there is no tomorrow.
There are lies, damn lies, and statistics, nevertheless ballpark debt/credit per person shows the extent of McDoom’s vicious road to ruin:
Norway: £100,000 credit per person
USA: £5,000 debit
UK: £40,000 debit
The only way the UK could match the USA is by octupling its population. Where are those asylum seekers?
I work the debt out at 350,000 per wealth creating worker.
i.e. 7 Trillion / 20 Million.
Which costs about 15K per year each. Seems about right too.
global, started in america Bush, coordinated, fiscal stimuli, opposed by only one party in the world, we led the world, stimulus, opposed, leaders, all over the world, they stimulating, opposed by the opposition, stimulus, global problems require global solutions, they are isolated, stimulate me, global, stimulus, stimulus……balls!
Gordon has ended the boom and bust cycle by selling off boom to foreigners.
Almost all other right minded people would look at this mess and resign. However, they are not right minded at all, they are selfish with no principles, we have 6 more months of this build up of debt, and they just keep spending it. Each day another demonstration of their total lack of compedent government, each day we wake up and they are still here. They have no shame.
Boom and bust are over, from now on it’s just bust!
Brown is still hoping he can print enough money to disguise his cock ups in time to find a good job elsewhere. After he’s gone we all find out the real truth. It worked for Bliar didn’t it?
Well said. Their continuation in power is becoming criminal. When I see that pasty faced Big Jesse mincing about on his ego trip I am filled with loathing for him and his party. Yep, rabid, foam-flecked loathing. They are detested but still they carry on with their lies and “cunning plans”, squandering billions on their stupid pet projects and their shite ideas. I hope when they finally go down, as they will, they go down for ever and never blight our country again.
I spy inflation.
Dig for victory!
Brew Your own to celebrate
I’ve just fixed the morgage for five years. Just in time.
THEY are the Party of the few; WE are the Party of the many,….many billions….
Because of all those welfare payments labour will do much better at elections than evenryone now expects based on the recent opinion polls. Welfare recipients, esp. the lazy ones, will vote with their wallets firmly in their minds. But they may be unwilling to disclose their voting intentions in opinion polls. Same goes for the 5.5 million or so working (employed, rather) in the public sector.
And I keep repeating it (apologies): don’t forget the impact of postal votes, it will spring a few pro-labour surprises, esp. in marginals!
I fear you may be right. We can only hope they’re too fucking lazy to get off their arses and vote.
We can only hope they’re too fucking lazy to get off their arses and vote.
No problem there, the New Labour activists will do the voting for them.
that’s where the postal voting kicks in …..
Who do you think showed the Afghans how to stuff ballot boxes?
They will have their postal votes sent in for them by “helpful” local community leasders.
What are the odds we will have to ask for international observers at our election?
If I was Cameron I would be seriously concerned at the postal votes.
Labours last throw at retaining power.
Have already written to my Tory MP ref international observers, response, no not a possibility, without all 3 parties requesting it
We are not a 3rd World Banana Republic* in the eyes of our masters
*without the weather obviously
Hope this doesn’t come as a shock to anyone, but big business is in fact the greatest beneficiary of the welfare state.
This clever professor bloke explains it all rather well:
There’s a lot of wailing now about “socializing” the economy by bailing out financial institutions. Yeah, in a way we are, but that’s icing on the cake. The whole economy’s been socialized since — well actually forever, but certainly since the Second World War. This mythology that the economy is based on entrepreneurial initiative and consumer choice, well ok, to an extent it is. For example at the marketing end, you can choose one electronic device and not another. But the core of the economy relies very heavily on the state sector, and transparently so. So for example to take the last economic boom which was based on information technology — where did that come from? Computers and the Internet. Computers and the Internet were almost entirely within the state system for about 30 years — research, development, procurement, other devices — before they were finally handed over to private enterprise for profit-making. It wasn’t an instantaneous switch, but that’s roughly the picture. And that’s the picture pretty much for the core of the economy.
The state sector is innovative and dynamic. It’s true across the board from electronics to pharmaceuticals to the new biology-based industries. The idea is that the public is supposed to pay the costs and take the risks, and ultimately if there is any profit, you hand it over to private tyrannies, corporations. If you had to encapsulate the economy in one sentence, that would be the main theme. When you look at the details of course it’s a more complex picture, but that’s the major theme. So yes, socialization of risk and cost (but not profit) is partially new for the financial institutions, but it’s just added on to what’s been happening all along. Double Standard .
http://www.chomsky.info/interviews/20090210.htm
Please do not read his stuff it is all ranting and raving. I was part of the computer revolution in the private sector. There was no government control. Its biggest driving force was a couple of US (and ex UK) individuals that saw how it could progress. The government tried to stop a few projects for security reasons but they only ever managed to delay them.
One of the biggest early drivers was film and graphics design. OK it was also funded well by the military contracts. I was there, when real invention actually made the engineers vast individual fortunes using the stock market.
The Dot com bubble was a hoax, and a way some people, after “understanding” the revolution, tried to milk it for all they could get. “What, were we meant to make a profit”
The real profits were about 10 year before and quite a few were in the UK.
One of the other issues was the “salesmen” and “bankers” got hold of a few companies and trashed the price to get volume. One person in particular de-valued his product so much there was no real re-investment. He stalled the development and lost the ability to generate a local UK industry. Currently the asset managers are destroying two major backbone companies.
That is why I am an Ex-Engineer. I know how it should work, and at present the incubator system is broken.
“Computers and the Internet were almost entirely within the state system for about 30 years — research, development, procurement, other devices”
Bollocks. The world’s first industrial computer was called Leo, and it was made and paid for by Lyons, in Britain. Yes, the internet was a product of DARPA in the US, but the growth of the internet as a productive entity was funded entirely by private money.
Quote that idiot Chomsky all you like – he’s not bad at linguistics but a fucking moron when he steps outside that area.
“the last economic boom which was based on information technology”
Er, bollocks. Unless he’s talking about the previous economic “boom” that resulted in the .com/.gone bubble.
Didn’t see too many Public Sector entities going for IPOs then…
This one’s been based on nothing more than the myth that property prices can rise indefinitely and therefore be used as security for debt.
Chomsky’s full of it…
Chomsky has to be a stooge. Making sure the opposition is classed as complete lunatics.
Chomsky should stay out of economics like Brown should stay out of a brothel.Both hopeless.
Chumpsky? Don’t think it’s even worth reading. Someone so deluded they still think they can get socialism to work.
Listen to the greats. Dubya, Cheney and the blessed NeoCons of Fox News.
You think they are that brilliant by accident ?
Bollocks.
Utter Bollocks,
What a Hoon.
Chomsky has a great mind.
Fair enough, Brown wants to scorch the earth, but there must be enough ‘decent’ Labour MPs left that a vote of no confidence could force a general election? In the last few months Labour rebels have been tottering about leaving anonymous bits of dirt about Brown with receptive journalists, but if they grew a set and called time on Brown he would be gone in days. Even Labour must realised the jig is up, and the only way the party can survive is if it jettisons the entire ‘New’ Labour nonsense and stopped them doing any more damage. Otherwise the whole party will end up in the same state as the country. They must realise that, mustn’t they?
Pity the men with perfect eyesight who cannot see a thing.
Scorched Earth. Or is he like someone who, having accidentally knocked out the pilot of a plane, is flicking all the switches and pulling all the levers in a vain attempt to make something happen?
Either way, it’s gonna crash.
Trouble is that its trimmed for a glide so we all have enough time to see the crash coming. Just we cannot choose the field……………..
Heads between legs and kiss… No that’s that the nuclear attack thingy, isn’t it?
I don’t believe labour supporters like their children. It must be so?
I don’t believe labour supporters like their children. It must be so?
What’s not to love about housing and a meal ticket.
Oh yeah, ‘take your point. I was thinking more of future prospects and freedom. Silly me.
Labour supporters should not be allowed to have children
But just think how much each is worth as an asset on social security.
Er, They managed the same as Old Labour.
Socialism Does NOT work.
And anyone who thinks Blair, Brown, Mandy and New Labour are socialists are thick as pigshit retards.
That’s why Mandy is on all those yachts with Oligarchs and Billionaires.
He’s a socialist.
That’s why Blair followed neo-conservative halfwit Bush into an illegal catastrophic war. Because he’s a socialist.
That’s why Blair and Brown sucked the cock of Murdoch and The City for so long. Because they are socialists.
That’s why Cameron wants to be the Heir to Blair because he’s a socialist too.
Duh!
The word “bust” just doesn’t seem enough. May I suggest a competition for the word/s that best describe how deep the shit really is?
Bankrupt!
Here is my entry.
A Gordon-Brownian recession.
Keep it simple – It’s a “Gordon”
Not just a deep recession but one where the man who caused it wants rewarding for trying to cure it, but tries to cure it by doing exactly the same thing that caused it. Truly one for future students, or at least those who can read and write and aren’t totally brain-washed.
The economy has been Gord to death.
¡Arriba! ¡Ándale!
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein, (attributed)
US (German-born) physicist (1879 – 1955)
> Truly one for future students, or at least those who can read and write and aren’t totally brain-washed.
Now you know why the state controls “education”. I was taught that that moron FDR ended the great depression, the opposite of the truth.
School is there for indoctrination and crèche. Education is the last thing that happens in them.
Where exactly is Keynes buried? I think he should be dug up and the bones held for ransom,don’t you?
His corpse should share Cromwells fate
Wheeee!
watch the ransom comment sail above AC1’s head.
Hialarious stuff!
Hialarious ??
If you’re going to play the smartarse, first get a spellchecker, infeedelllll .
Fuck off you anal twat
We know the kind of dimwits who rely on typos to make a point when they can’t and you fall squarely into that group of sub-mental dribblers
FDR was a COMMIE! a filthy SOCIALIST COMMIE RED FASCIST!!
Fox News tells us the truth about FDR, you betcha!
In it up to the nostrils, that’s where we are – soon it’ll be up to our strange and hairy brows (Healey or Darling – take your pick).
The stench of corruption and ineptitude is appalling.
Very big pile of do do.
We’ve got it!!!
British biscuits for British workers
That get’s my vote, but which one, rich tea, custard cream, nice, malt, bourbon oh the choice, ask me that question again!
O/T, has anyone seen our great leader running recently or was that a porky pie?
You missed Garibaldi!
Is Quisling a kind of biscuit?
College Creams.
or a nice iced ring.
…to caress with your tongue.
Gotta be Fig Rolls every time
Mmmmmmmmm!
If you like houseflies and bluebottles wrapped in shortcrust, yeah.
Furore over Government Climate Advert causing outrage over ‘Drowning Pets’…
Gordon Brown has warned of “catastrophic” heatwaves, floods and droughts if world leaders cannot come up with a deal when they meet at a UN-sponsored summit in Copenhagen in December.
‘Catastrophy Brown’ knows all about economic catastrophies, they started with him and not the USA.
Gordon is an elephantic dump
Why is this not the lead item on the BBC news?
Time to post this again:
Very funny very funny
and still no word from the Queen – no word on an election.
Precisley how bad does it need to get?
How can the Government try to lecture us on responsible borrowing when they are so in debt and spending so much?
How can they lecture us in the law when they break their own?
How can they lecture us on the importance of education when schools are so rubbish?
How can they try and force democracies around the world when we barely have one?
I think the truth is belatedly dawning on us.
Taken a whole bloody year… I remember having this argument with some public sector lefties last autumn.
£820 billion, 59% of GDP and sky-rocketing and it gets worse nobody knows how much debt is locked into PFI and public sector pension rights. Meanwhile banks line up huge bonuses again, Deja Vu!.
posted this before but I’ll post it again
http://burningourmoney.blogspot.com/2009/10/latest-on-real-national-debt.html
Government debt ‘nearly three times higher than official figure’
In yesterday’s Times:
http://business.timesonline.co.uk/tol/business/economics/article6880228.ece
Brooks Newark MP is to be congratulated and his report should be publicized the length of the land.
You can read it as a download pdf here:
http://conservativehome.blogs.com/platform/2009/10/brooks-newmark-mp-exposing-the-true-scale-of-labours-hidden-tax-bombshell.html
Newark – the well known anagram.
Look on the bright side.
If UK plc goes bust (whaddya mean’ if’?) then we might get thrown out of the EU.
No,the IMF will come a calling and believe me they will introduce some very unpleasant efficiencies
called ‘fines’
At least we will not meet the criteria (although very loose and flexible) to join the Euro!!!!
Yes, indeedy. Feet together, hands outstretched, head lolling a little to one side, and sing with Eric Idle: “Always look on the bright side…”
Everything is going to be just fine … someone is selling the entire Government – hurrah! Not sure how much money the sale will make but every little helps!
See http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=280409173635&_trksid=p2759.l1259 for further details.
OK, enough is enough. I’ve decided to run in the forthcoming general election.
I plan to run on the ‘custard cream’ ticket (dunking optional).
Who’s with me?
Me. I’ll be standing on a platform of chocolate hobnobs and jammy dodgers.
And me, |I’ll be running on a Tunnock’s teacake ticket, coz they’re cute, sweet, and go down a treat.,
You’ll be in real danger of splitting your vote there.
Guido,
Numbers not quite right I thinK?
Public sector net borrowing hit £8.092bn in September, up from £4.775bn in the same period a year earlier, marking a record for the month.
The amount borrowed so far this financial year stands at £37.6bn – the highest since records began in 1946.
Chancellor Alistair Darling had forecast in his Budget statement in March that public sector public borrowing for the full financial year – up to April 2009 – would reach £43bn.
So:
First we did not have a recession
Then we were not having cuts
Then the economy was going to boomerang to 4% growth in Q4
Now we look like blowing the budget estimates by miles.
Gordoom’s take on this?
The United Kingdom cannot insulate itself from this global downturn,” he said.
“with interest rates low and falling, inflation expected to come down over the next year, these underlying economic indicators – particularly interest rates – make us stronger than at any other previous downturn, ”
Quel fuckwit.Delusional fuckwit
Anyone (such as 127 above) who regards Noam Chomsky as an economic expert is seriously deluded.
Chomsky’s academic subject is a branch of psycho-linguistics, and even there his theories are regarded as suspect.
His opinions on the “innovative and dynamic” state sector are drivel.
NO PROBLEM, JUST ADJUST THE SPEED OF THE PRINTING PRESSES
According to the International Monetary Fund, the UK’s general government deficit will hit 11.6 per cent of gross domestic product this year and 13.2 per cent in 2010. The US deficit will hit 12.5 per cent and 10.0 per cent, respectively. In 2007, UK net public debt was 38 per cent of GDP, while that of the US was 42 per cent. By 2014, forecasts the IMF, these ratios will have jumped to 92 per cent and 85 per cent. The transatlantic cousins are now the terrible fiscal twins.
That’s ok then, phew I thought we were doomed
The UK is right to plan for a structural fiscal tightening of at least 8 per cent of GDP. But it is unnecessary – and almost certainly a huge error – to implement such a tightening in short order. What is needed instead is a set of structural reforms that are sure to deliver the tightening over an extended period.
The government is planning cuts of around 100 billion in the period up to 2018.
We will build more tractors
The conservitudes with their cut now policy are as usual on the wrong side of the argument.
Hahahaha
Not in Coventry you won’t.
you can’t your factory closed 6 years ago
We’ve built quite a few tractors recently
Your tractors are shit, and besides I made the Jensen Interceptor with 4WD ages before those twats from Audi had the idea.
Yeah, in the Fatherland
We have some great plans for tractors
Dig for victory
Dig for sanity.
On shift late. Must have had a doctor’s appointment or something.
British biscuits for British workers
Stop making me larf
This is bloody serious innit?
I could be so good for you
These numbers are 1) incomplete 2) well out of date (over a year) and 3) severely massaged by our resident troll.
Don’t relax yet taxpayers, the country is well on the way to oblivion.
Hard Labour, hard luck.
Listen slow witted one. You have tried this scam before.Let me remind you:
1. The balance sheet has had some items removed e.g. PFI
2. The balance sheet has some items to be quantified – the bank bailouts
3. The balance sheet has some contingent liabilites to be included at regular intervals in the future. -public sector pensions when the become due for payment
Therefore,any debt/GDP% you care to quote is distorted unless you include these. As the government cannot put a figure on items 1 or 2, putting a true debt level on paper is going to be difficult.
Of course you also fail to mention the rate of increase of the debt,which is frightening and not simply recession related. Gordon continues to overspend using our future tax revenues and our children’s as security.
You must be proud to support a government which has stolen the futures of generations to come.
The figures show that the US and UK are the terrible fiscal twins.
That’s not good.
Get a grip of yourself!
But in your earlier post you said the US was worse than us…make your mind up or at least re-read the briefing from HQ.
We must be in deep shit if they have sent you on here to try and subvert the comments.
The Labour Party is virtually bankrupt – they have to accept any rubbish that will voluteer.
The Labour Party is virtually bankrupt – they have to accept any rubbish that will voluteer.
How does it feel to be the only soldier on parade marching in step?
What an idiot you are. A little Gordon Brown admiring, socialist troll.
We are keeping an eye on this. About 5% of GDP but if it heads towards 10%…….hold on to your hats:
During September 2009 the Government spent £5.9bn in interest payments on the debt – 43% above the same month last year and the highest monthly payout on record, according to the ONS.
OOOoOOOOOOOoooOOOooOOOOOOO!!!! Fuuuuuuuuucccccccccckkkkkkkk!
I don’t believe it!!!
Good news for the SNP in Glasgow north-east. Jonah’s visiting to help the Labour team.
http://www.dailyrecord.co.uk/2009/10/20/gordon-brown-to-hit-campaign-trail-in-poll-battle-for-glasgow-north-east-86908-21760071/
Wasn’t their excuse for McDoom not visiting Norwich that the serving PM did not get involved in by-elections?
They’re having the gprgon re-arranged, re-formed, re-jigged, re-structured, and re-re-dacted before letting him loose on the British electorate.
Then it will be another Glenrothes : fraud, fiddles, stacks of postal ballots, destroyed voting records, etc., etc/, and zanulabour will win
“in a major boost for Labour candidate Willie Bain.”
You can’t have an MP called Willie Bain – Willie meets Brown etc….. no no no.
The Curse of Broon Strikes Again!
Within minutes of the announcement of his visit to Glasgow the Labour candidate, Willie Bain, has been outed telling lies.
Mr. Bain claims to be the only local candidate who lives in the contituency yet it now emerges that he works and lives with his family in London.
Sarah Broon will also be visiting and Orangemen will be distributing leaflets (with musical accompaniment).
I don’t understand why there are not mass demo’s or riots. I’m guessing after the tax increases hit. A Molotov cocktail anyone?
Look just leave me out of any demo’s it’s cold and in any case Loose Women is on and Doctors and Murder she Wrote,Alan Titcmarsh show.
It’s also bloody tipping it down as well !!!
This is England. When our country is destroyed by our government, we simply leave angry messages on web-sites. In other countries there would have been riots long ago.
20000 tazers distributed to the police. That’s for the time we get to know the real truth.
Cruise Missile more like.
If it was the conservatives who had fucked up on this monumental scale, you can bet there would have been riots already.
Fact is, those with higher tendancies to riot won’t really have noticed the scale of things, as long as they can continue spunking their giro on super strength tenants and beating their wife/kids.
Seen on another blog:
“Mr Cameron, will you do anything if the Lisbon Treaty is ratified”?
“We would not. Let matters rest. There.
I think our Dave is convinced he will be the next PM come what may,I think he’s in for a shock,it’ll be the EU referendum for out for good/Lisbon that will do stop him,no referendum Dave no vote,Brown has given us scorchio so we can’t go any further in the crap..
What’s the point of voting for a PM who’ll have no power?
With the “constitreaty” the P.M. will be a placeholder.
No Referendum, No Vote.
Sorry – you may think so but I’ll bet that when it comes to an election very few voters will decide their vote on the basis of whether Dave offers a referendum on Lisbon or not. The matter is not so simplistic as you seem to think it is
The only way to prove it will be a GE,Dave the clock is ticking,referendum or my vote goes elsewhere,that’s a promise.
Then he’ll have 1 less vote. I’m sure he doesn’t give a fuck.
That’s the British way. If we’re really backed up against the wall we will conclude: Fuck it, nothing to lose: fight back. If Gordon Brown can be seen to have done anything retrospectively useful it will be sticking with Sterling. It makes our job much easier when the day comes to vote UKIP if Dave is still a wet flannel
Our so-called democracy? It’s all a fix. And we are hypocritical enough to impose ‘democracy’ on Iraq and Afghanistan. What a joke – a sick one!
Move along. There’s no story here. Now the real news is that the bee ‘n’ pee continue using military symbols and pictures of Winston Churchill!
What’s wrong with being a fascist racist nationalist party with delusions trying to cloak itself in Britishness when its true allegiance is with Argentine and Chilean emigres from Germany circa 1945/6?
Well they couldn’t very well use pictures of Hitler could they ? THAT would be a definite give-away
It’s certainly causing some panic within the establishment . Do they know something we don’t?
And how many times do you get your mother-substitute to check under the bed every night to see if the bogey man’s come for you, Gordon?
Folk of England!
By pursuing racist policies we will foment discontent among the lower orders.
The lower orders will fight each other.
Stigmatise all minorities.
Exploit and exagerate differences.
Lie and scheme.
That is our path to power!
One Folk
One Party
One Leader
Hail!
That was a Party Political Broadcast on behalf of the Lib/Lab/Con marxist muckheap.
Vote for us again, suckers!
You know it makes sense.
Don’tcha?
Don’t imagine this spending is going to stop any time soon.
After 20 years of trying to get out of recession, Japan has public debt as 185% of GDP, but still has US$40,385 of GDP per capita and is the world’s second largest economy.
The USA currently has public debt as 48% of GDP and US$45,710 of GDP per capita. The Eurozone has public debt as 78% of GDP and US$37,984 of GDP per capita.
Finally the UK has public debt as 64% of GDP and US$35,142 of GDP per capita.
Using the Japanese model, the USA, UK and Europe can dramatically increase borrowing for a very long time.
The crime of this government is, following the technology bust in 2000, interest rates were slashed to encourage consumers to borrow and spend, which transferred corporate debt to individuals. Now we have a government using cheap money again to transfer irresponsibly accumulated corporate debt (for the second time in a decade) to government debt.
Unless the government wakes up and starts helping out consumers to repair their debt, the economy will take forever to recover. It is consumers that buy corporate products, not MP’s. As in Japan, it is corporate lobbies that get MP’s selected and elected, so who are they looking after.
The biggest economic crime is the wholesale mismanagement of corporate balance sheets that we as individuals are paying through the nose to fix.
Or put it another way the neo-liberal free market model brought in under the guise of Reaganomics and Thatcherism is finally shown to be a leaking bucket that doesn’t hold water.
However the Conservitudes continue to be fully paid up members of the kleptocratic bankers faction. This is why the funding for the Conservitudes comes almost entirely from the financial spivs.
And just who was it that recently spunked all of our money away to bail out said bankers?
You Tedious Merchant Banker!
Inernational governments acting in concert bailed out the banks, following the lead set by the UK government.
The point mental midget is that there has been a fundamental change in the economic and financial landscape, ‘free makret’ fundamentalism is proven to be defective.
The Reagan revolution is over, all that privatisation and at the end of it the banks are owned by the state.
Who brought the US car companies under state control? It wasn’t Gordon Brown.
Free makret fundamentalism may be defective, but free market still works.
As they say in Iceland ‘long live the free makerel economy’
Lies
Or put it another way I quite like a Hob Knob
Gordon Brown: I fancy selling some gold. What’s the best way to go about it?
Dawn Primorolo (Marxist bint lezza): Well Gordon, I think we should inform the markets first, so that they can depress the price for gold so that it reaches it’s lowest market value in decades, and then sell at that price.
Gordon Brown: Sounds like an excellent idea to me. Any objections around the table? Good.
In the room the women come and go
Talking of Dawn Primarolo
Eh ?
Did I hear the R4 radio news right, that Madhatter Harperson wanted to “up women”. Oooerr. I always had my doubts about her/him
Better than flogging peerages.
As usual Master Baiter draws the wrong conclusion for his socialist paymasters.
This evil has its roots in the fall of communism. Bill Clinton and later, Tony Blair realised that the inherent selfishness of individuals (not just MP’s) meant that socialism would never work.
Bill Clinton realised that redistributing existing wealth had never worked because of powerful vested interests. He looked at how America’s economic power had been created from Ford and General Motors offering credit to low paid car buyers to realise their dream. Clinton created credit to the bottom end of society with Fannie Mae and Freddie Mac allowing poor people to borrow and invest to grow themselves out of poverty.
This is all very laudable.
Unfortunately, Tony Blair allowed AIG in London (in the first place) to provide credit insurance to protect lenders against default, without the need to make the usual 8% debt provision. This created 30% more money than could previously be lent out under debt provisioning. The lenders didn’t care who they lent to as they were not carrying the can if the borrowers defaulted.
Eventually the debt became so large and the overtly incentivised bankers so rich that there was a systemic failure of the global banking system all acused by New labours failure to provison properly for money being lent out.
Had Tony Blair and Gordon Brown realised there is no such thing as a free lunch, they would have taken the punch bowl away from the party when consumer credit started becoming unstable in late 2005.
Master Baiter, New Labour has been in power for 12 years. In that time they could and have changed everything, so don’t keep blaming the Tories for everything this woeful bunch of lying, inadequate, misfit traitors have inflicted on our once great country.
Ask the New Labour cabinet how many of them are now millionaires having entered parliament as poor hopefuls saying they were “intensely relaxed about people getting filthy rich”, meaning themselves.
Well said, McGroom. It did n’t start in America, it started in American Insurance Group (AIG) in London, under the very noses of Gormless’ inept creation, the FSA.
Well said that man.
Jonah was deligheted to open the new Lehman building in London as US bankers & insureres made a bee line for that centre of “light touch” regulation: Blair and Broons (with some help from blinky) London.
Sarbox and the tougher regulation on Wall Street stopped some of the more outlandish financial engineering in the States but it was ok here as we have the FSA.
Broon then spent the tax receipts on hospitals and schools.
In Canada they had to demolish hospitals and schools to get the deficit down.
What comes around goes around.
Resorting to over long Vickie Pollardisms doesn’t amount to a row of beans, try to be more succinct.
The ascendancy of ‘free market’ fundamentalism with its privatisations and ‘let the market decide’. Ran amok and is now bust. It was an orthodoxy born out of the overly powerful financial sector.
The Conservitudes are in the pocket of the financial sector, owe their resources to the financial sector and are part of the financial sector.
Are they really going to bring the financial sector under control?
No.
Even Boris Johnson the erstwhile defender of bankers is referring to them as cockroaches.
People are not as stupid as the so called elite think they are. What’s happened isn’t that complicated.
Just look at the 1945 election.
You just don’t ‘get it’.
Hahahahaha
Master Baiter, true to your New Labour wormtongue, smear, spin, blamestorming pay masters you have no way out of the mess you created
New Labour = We didn’t do it
Correct,
The private sector and ‘free market’ fundamentalism did it.
It became too powerful and has to be reined in.
That’s the elephant in the room the Conservitudes daren’t mention.
Innit.
And all done under the recomendations of the OECD (crash the west and unite the world under a corperate cartel)
I’ve been to Japan. They all work like hell and hardly anyone is on the scrounge. They use fuck-all resources for themselves and immigration just doesn’t happen there. Whatever the numbers say, they will not be amongst the first to go under, very far from it.
Northh is right, the Japanese have effectively managed massive public debt for 2 decades and kept the economy competitive.
Which implies that our government (whether Gordon or Dave), still has massive scope to keep borrowing for years to pick up the slack from the private economy.
We should not be afraid of running huge debt, it will be our only savior.
I just hope Dave spends it on helping consumers who are the backbone of the economy and the only path to growth. It is a bad idea to keep giving a free lunch to companies who will only spend it abroad anyway.
Japan is sitting on an imminent demographic time bomb, its ratio of over 65’s is already 22% (one in five) and it’s accelerating.
The UK’s over 65 ratio is 16%.
Japan’s population is declining, the UK’s is increasing.
Japan is getting old, fast.
Don’t forget to claim the 18 minutes overtime you’ve ‘worked’ since 4pm.
I do not recall the conservatives setting nay records another great achievement for James Gordon Brown!
Que ?
Please take a look at this as a matter of interest:
http://www.politics.ie/lisbon-treaty/109203-im-sure-we-have-election-fraud.html
You see, if they were happy with giving up sovereign control then it wouldn’t matter if there was a fix.
There’ll always be a Britain
And Britain shall be free
If Britain means as much to you
As Britain means to me.
There no longer be a Britain
Britain will be lost
To eurocrats in Brussels
At even greater cost
Kharzaigate
Don’t worry, it’s not real money. We won’t have to pay it back, because we will find some clever way to cheat the silly foreigners (and the silly Brits) who have ‘lent’ us the money. Huge inflation, perhaps, that will wipe out 50% or more of the borrowing at a stroke.
It’s high time we contracted out the business of government to the Swiss. We just can’t do it any more.
Where’s the ‘Tube link gone?
Scratches head and looks puzzled. ‘My memory must be going. Didn’t something happen with the banks and the taxpayers had to bail them out? Now they’re turning round and pissing on us?’ Must have been in another universe.
off thread, but on topic.
I thoroughly approve of the BNP being given tele time on ?Time.
How can we fight for democracy (at least that’s what they say we’re doing) and not give the BNP a chance to explain themselves, and let us decide whether we agree with them or not?
There are 14.8 billion people who count in this government and say I am intimate with every one of them is the understatement of the century.
There are 14.8 billion people who count in this government and to say I am intimate with every one of them is the understatement of the century
What about making Bonfire Night special by putting a ‘Gordon’ on the bonfire? “Penny for the Gordon, mate, come on give us 5 quid, we know where you live…”
Will Brown be on the list of the Cliffe Firework Society’s Enemies of Bonfire list at Lewes this year?
No, Blair’s got to take pride of place!
COMRADES! Let me give you the glorious news…
Govt Debt Rises By £14.8bn – In One Month
Public borrowing rose by a further £14.8bn last month, taking the half-yearly figure to its highest ever level.
September’s rise means Government net borrowing stands at £77.3bn for the six months of the financial year so far.
That is the highest half-yearly figure since Office for National Statistics (ONS) records began in 1946.
The Treasury expects borrowing to reach a record £175bn for the year as the cost of the recession drains public finances.
Total spending stood at £45.7bn over the month compared with just £35.4bn in receipts.
This is because the Government is having to spend more on outlays such as unemployment benefits but is receiving less as the jobless total rises.
Net benefit payouts were up nearly 10% on the same month last year to £13.8bn, while the Government’s VAT and income tax revenues were both down by more than 13% on 12 months earlier.
The Government spent £5.9bn in interest payments on the debt – 43% above the same month last year and the highest monthly payout on record, according to the ONS.
The nation’s net debt now stands at £824.8bn, representing 59% of the UK’s entire economic output – another new record.
Onward Comrades towards the Workers’ Utopia!
These numbers are simply staggering.
I don’t think the average pleb on the street has any comprehension of just how much sh*t the country is in.
And I bet Brown and some of his cronies still think something will come up by June to save their sorry ass. The thing is, people in this country are so dim, you couldn’t rule it out…
Unfortunately they’re not dim they’re just not interested. Until something goes wrong for them.
175bn for a year
18.3 million households in the UK (70 per cent) had Internet
Therefore if only households with internet had to take on this debt, that would be like adding £10,000 EACH YEAR to their mortgage or debt.
Some one point of my mistake. This can not be true.
Just tell everyone that the government is borrowing £20 million a day.
But who’s going to tell them?
And will they listen?
That idiot Brown will just say it’s ‘investment’ and the simpletons of Britain will believe him…
When oh when can we have an election. The cutbacks must start now, this madness must end.
Meaningless numbers to voters. They need the numbers in their terms.
£824.8bn national debt.
That is per internet household £45000 each.
That is £266 a month each household for 2 more parliaments.
(I am using internet household to account for those that could probably maybe afford to help pay it off)
Sorry: 2 more 12 year parliaments.
As in paying it off at the rate they have created it.
What has this Government done for us?
Record levels of debt
Apart from record levels of debt, what has this Government ever done for us?
Integrated transport?
Oh, theres the “ethical foreign policy” – dont forget how horrible it was when we were’nt invading other countries to impose third way socialism on them.
My bus is never on time. That’s if it turns up at all. Disintegrated transport more like it.
The most expensive rail travel in the world.
they’ve given us Brown and Blair, Balls and Darling.
They put Mandy into the cold and then bought him back (twice)
They gave us Glyniss Kinnock.
They cocked up the schools, hospitals and the army
Theyde-valued the family and encouraged us to put our children into nursery asap
They ignored nearly every expert opinion we paid for them to get
they lied
They mucked up the ecnomy
They left us with so much debt the mind boggles.
They involved us in wars to give Iraq and Afghanistan democracy whilst eroding ours.
They gave us the Lisbon treaty
They gave us high levels of unemployment
They gave us huge levels of people on welfare
They did give us millions of CCTV cameras
They gave us a Cabinet we had hardly heard of or voted for
They gave al-megrahi his freedom
They gave the USA the raging arse
They gave bloody Zimbabwe millions of pounds (where is Grace shopping)?
They have also given me depression, a headache, huge levels of tax, a nighmare trying to pay for private education (no way is my son going to the local school to learn sod all) and they have given me a lack of respect for the Government.
What more could they do?! And Mandlescum’s still bending over backwards to please.
“…………….And Mandlescum’s still bending over backwards to please.”
No doubt “that’s the way uh huh, uh huh, he likes it uh huh, uh huh” eh Contessa ;0)
Glynis didn’t last long. Hasn’t she been transferred to the Department for Africa? Nor Gordon’s type of woman at all. Too pushy.
The ’scum is Gordons type of woman
Apart from
Record levels of debt
Integrated transport?
ethical foreign policy”
Brown and Blair, Balls and Darling etc
What have the Government ever done for us
- Gun crime up by 57%
- Violent crime up 70%
- The highest proportion of children living in workless households anywhere in Europe
- The number of pensioners living in poverty up by 100,000
- The lowest level of social mobility in the developed world
- The only G7 country with no growth this year
- One in six young people neither earning nor learning
- 5 million people on out-of –work benefits
- Violent crime by women goes up 80% under Labour
well done women of the UK!
Gordon is going to save the world from the fires of Hell in the next 49 days, or so he says.
Just like we had ‘24 hours to save the NHS’ eh?
How did that turn out?
Like this
http://www.telegraph.co.uk/health/healthnews/6359356/Half-of-specialist-heart-units-for-children-face-closure-under-radical-Government-plans.html
If he wants lists I’ll give him a list. This is the real list of the last twelve wasted years:
· £22,500 of debt for every child born in Britain
· 11 tax rises from a government that promised no tax rises at all
· The longest national tax code in the world
· 100,000 million pounds drained from British pension funds
· Gun crime up by 57%
· Violent crime up 70%
· The highest proportion of children living in workless households anywhere in
Europe
· The number of pensioners living in poverty up by 100,000
· The lowest level of social mobility in the developed world
· The only G7 country with no growth this year
· One in six young people neither earning nor learning
· 5 million people on out-of –work benefits
· Missing the target of halving child poverty
· Ending up with child poverty rising in each of the last three years instead
· Cancer survival rates among the worst in Europe
· Hospital-acquired infections killing nearly three times as many people as are killed
on the roads
· Falling from 4th to 13th in the world competitiveness league
· Falling from 8th to 24th in the world education rankings in maths
· Falling from 7th to 17th in the rankings in literacy
· The police spending more time on paperwork than on the beat
· Fatal stabbings at an all-time high
· Prisoners released without serving their sentences
· Foreign prisoners released and never deported
· 7 million people without an NHS dentist
· Small business taxes going up
· Business taxes raised from among the lowest to among the highest in Europe
· Tax rises for working people set for after the election
· The 10p tax rate abolished
· And the ludicrous promise to have ended boom and bust
I could go on:
· Our gold reserves sold for a quarter of their worth
· Our armed forces overstretched and under-supplied
· Profitable post offices closed against their will
· One of the highest rates of family breakdown in Europe
· The ‘Golden Rule’ on borrowing abandoned when it didn’t fit
· Police inspectors in 10,Downing Street
· Dossiers that were dodgy
· Mandelson resigning the first time
· Mandelson resigning the second time
· Mandelson coming back for a third time
· Bad news buried· Personal details lost
· An election bottled
· A referendum denied
The above list is not exhaustive.
445
So add to it then you lazy sod. Don’t just say “The above list is not exhaustive”.
Tosser!
Hitch Hiker
TAKE A HIKE !
A good list.
The worrying thing is, there’s more…
And the thing I don’t understand, is there’s still millions that will vote Labour regardless.
Reasons people still vote Labour.
1. They are among the millions of people who are being paid money out of borrowing by this government for little or no work.
2. They believe the propaganda of this government’s friends at the BBC and Guardian.
3. They like the colour Red.
FFS I am out of breath reading all that list. You left out “British Jobs for British Workers! Good Job.
Simlpe answer ABSOLUTELY NOTHING.
well it did for me
New Labour = Enemies of personal ambition
We have to stop this madness.
Chaps, Don’t forget Gordon is going to save the Planet in 50 days! : (
has he been listening to Madonna / Justine Timberlake:
She looks younger – has she had plastic surgery?
14 MPs want to take over primetime TV for two hour a week and pump out pro-environmentalist propaganda and explain “how bad everything is” so they can seize more powers for the state in order to “protect us”. Freedom is under threat more and more every day.
http://edmi.parliament.uk/EDMi/EDMDetails.aspx?EDMID=39285&SESSION=899
48 days 17 hours and 18 minutes to be precise – I have my “Doomsday Clock” with me wherever I go you see(Why isn’t Barack taking my calls ? – all I get is the ansaphone – “Hi – this is Barack Obama I’m afraid I can’t take your call right now – but leave your name and number after the tone and I’ll try and get back to you within 51 days !”)
What Dave needs to do now is to offer all Labour MPs a guarantee of salary, benefits and pension rights as if they were in their jobs until June 2010 (to avoid any conflict in personal interest with duty to the country), provided they vote for a GE immediately. Would save the country net billions.
R e l a x . . . They’re just numbers on a screen, trouble is, they’re ‘their’ numbers, not ‘we the people’s’.
Nothing to worry aboout here
Don’t forget strictly is on Saturday!!
I’m too sexy for my debt…
Worse debt in US, JAPAN and ITALY, are they far too sexy for their debt, keep up.
Don’t belive Labours lies….
http://www.iea.org.uk/files/upld-book444pdf
DEAR GOD
http://newslion.blogspot.com/
I am just like my namesake John Gordon – great at ‘bottling’ !
They both give me a headache.
It was only the other day that the Scottish jaw wobbler promised 25M to the film industry and another large amount to Tate Gallery. It seems he knows no bounds when it comes to spending taxpayers’ money. I think he knows he’s not going to be PM after the next election and is justing ratcheting up the spending on anything he feels like.
Pity the next government that has to sort this lot out.
It’s called my scoTched earth policy.
Gordon McDoom has welcomed the re run of the election in Afghanistan.
I have two simple questions?
1) When is he going to welcome the election for himself as PM (and no sorry don’t accept the crap about voting for party given the subject of this thread where he has fucked my country)
2) When will you give us the promised vote on the EU stolen from us.
Sorry you total utter scumbag McRuin but the president of some far off country of which we know little has just shown he is more than a man with elections and more COURAGE and more honesty then you or anyone that is part or even supports your wicked evil rotten party.
Please just fuck off now and just forget the soundbites.
Kazai got 49% of the vote. More than Blair ever got. And at least he got some votes to be head of government. Brown is our unelected dictator.
And will we lose another 37 good men in another Operation Panther’s Claw so the ‘re-run’ can be held?
On top of all this hideous incompetence and evil pathological lying of Nu Liebore, there are all the Ponzi schemes worked by the filth in parliament and local government.
None of the money paid in National Insurance is invested. -No, it is thieved by the evil filth in parliament and liabilities are met by income, borrowing and now by printing money.
The pensions shortfall is a massive disaster bubble waiting to pop. The corrupt slimy scum in the public sector have an IOU from the state (us) for £1.35 trillion (and it’s growing fast as the greedy scum award themselves more money).
The MoD is rancid with worthless parasites (90,000 of them) awarding themselves massive pensions.
Local authorities are kleptocratic nepotistic sewers of corruption. Households are paying £600+ a year to fund their evil pensions Ponzi scheme.
Britain is a massive kleptocracy with an uneducated unskilled workforce. It produces nothing. It created nothing. It has no manufacturing base. It5 has been destroyed by the Tory/Nu liebore party.
Local authorities – in particular County Councils are certainly due some scrutiny. I think it would be unwise for the Audit Commission to be involved in such an exercise.
http://www.iea.org.uk/files/upld-book444pdf
there are going to be some very disappointed people out there (28% that believed). Sadly as was the last time the bad news will again be delivered by the Tories and no doubt the BBC will blame them for their ills.
Sorry been here 3 fucking times now with a scum Labour government.
Here we go yet again.
WHEN WILL YOU LEARN FFS!!!!!!!!!!!!!!!!!!!! WHEN??????????
I shall again place this also in capitals
LABOUR HAVE NEVER WORKED NEVER HAS AND NEVER WILL.
Those that have been here for a little while will recognise that comment as one made more than once.
Fill your boots inquisition………………..
Local authority pensions are funded.
You are right about national state-sector pensions, though – the Civil Service, the NHS, the quangocracy and the state retirement pension – these are just Ponzi schemes, cheques drawn on the future.
but they have massive deficits. My LA’s deficit would take three years council tax receipts to clear.
You are absolutely spot on GD! and Oh boy are we worth it!
Only two more days to sign up:
http://petitions.number10.gov.uk/please-go/
Wonder what the response will be?
Blah blah, getting on with the job, blah, blah, started in america, blah, blah, half a million jobs saved, etc. , etc.
They replied a while ago, surprising as the petition had some time to run. Your version of the response is a lot more interesting than the original though.
The response will be ‘zero’ nothing, ignore it, what was the point, he ignores everything else, ignorant man, ignorant response, never answers a question, never will, whats new.
O/t…and on a different note, although he is of course one of the despicable gang who have got us into this financial hole, Peter Hain the criminal, has the nerve to suggest that the Brown Broadcasting Corp. may face legal action for allowing Griffin onto QT!
Please do not accuse me of being orangeist.
Hain really does not ‘jaffa’ clue. Ignore!
What they fail to get is they have treated the public with such contempt that people feel powerless.
If the main parties listened, and responded, to people’s *real* concerns, the likes of the BNP wouldn’t be heard from at all.
But of course, it’s easier to just stick your fingers in your ears and not play nice isn’t it?
The Whitehall mandarins have plainly failed in their duty to counsel him that yellow is a more appropriate colour for a lemon.
So Griffin can legally stand for election to the European Parliament, he can legally represent his constituents and make speeches there but according to Hain he can’t legally appear on the Beeb. It’s making Hain sound like the fascist.
I say let him on, and I doubt he will be given an easy ride or come out looking credible.
Mr. Griptightchin is a deplorable man. Saw him on Newsnight last night threatening BBC (pushing his ‘faux’ anti racist mantra) in his interview with Paxman. What a fake he is – and not just his tan.
You would think that with his Scottish upbringing, he would be of the mind of ‘Cut your cloth to suit your needs’ ethos.
Instead the ‘Son of the Manse’ just wants to spend spend spend with money that we simply dont have.
He should get it into his thick skull that all capital projects should be examined as whether they are really needed or are the grandiose ‘look at me’ projects. Such as Trident both existing and replacement – should be scrapped!, Such as the Carriers – should be scrapped, not needed!
Selling off stuff that will nolt realise any gain is a waste
Get rid of the public sector, nice to have, not need to have.
I would rather have Trident than hundreds of thousands of unnecessary civil servants and NHS bureaucrats and an infestation of quangos. Trident would create jobs and might just, conceivably, one day stop somebody attacking us or someone else. The tax-eaters just design hoops for the rest of us to jump through.
I wouldn’t.
More carrier bags and half bricks production required a la tractor statistics!
Bet you wish I was Prime Minister now. Well alllllllrrrrriiiiiiiggggghhhhhhhtttttt.
Say after me “must look up Edward Louis Bernays on Wikipedia,… must look up Edward Louis Bernays on Wikipedia,… must look up Edward Louis Bernays on Wikipedia,…”
A dangerous man with a very suspicious looking moustache. In fact, not unlike the Mandelson of a few years ago.
Well it’s more or less down to him that we NEVER wear anything out.
We now Upgrade, Trade-up, Waste….
Read about him.
Frightening….
http://en.wikipedia.org/wiki/Edward_Bernays
Madelson has obviously learned well from Bernays.
Say what you like, they used to do a bloody good steak and chips.
The Debt mountain and even benefits and war costs are paling into insignifigance compared to the colossal amounts of money needed to finance the P.F.I. and P.P.P. disasters.
Yet still these idiots keep wanting more of them and unbelievably so does Cameron even after one of his MPs pointed out the tip of the PFI iceberg.
PFI is a pyramid scheme of financial catastrophe and will be the next thing to fuck the economy after the bankers are finished.
How about we just put the whole Government into an IVA. What would a hospital full of hypochondriacs, bed-blockers, health tourists, MRSA, CDiff and a couple of genuinely ill people be worth at a liquidation sale? , Government Departments….. do I have a bid?, no… didn’t think so. You may get a bid or two for the roads, but the sheeple won’t be able to afford to use them. Let us do to the Spanish and other “investors” what the sub-prime septics did to us.
Good idea (best yet) I.V.A is an insolvency term innit?
Surely Income Tax revenues fall as Tax Credits increase ? The benefits bill is hidden in the Income Tax statistics whereby marginal workers are a net drain on Income Tax revenues rather than net contributors. It would be fascinating to know what proprtion of the workforce pays NO NET Income Tax
Hang on, this was Gordon’s invention. It won’t ever add up.
“I want a Britain that is one nation, with shared values and purpose, where merit comes before privilege, run for the many not the few, strong and sure of itself at home and abroad. ”
Who wrote that?
Ooh, ooh I know this one!
Who else could it be, but the master of rhetoric, the man that promised so much but delivered so little: Anthony Charles Lytton Blair.
A legend in his own mind.
dave’s kitchen
http://www.thesun.co.uk/sol/homepage/news/34511/Im-new-Richard-Branson.html
Gisturbed Destang?
I remember some lines St Francis of Asissi repeated by a drone in a scarf – ’twas all bollocks too.
Tony Bliar his is the face at the fair on the shooting target and gets hits between the eyes everytime. The man is a criminal and everyone knows it. Kelly truth will come out eventually.
So much for the Labour fight back:
CON 43 (+7) LAB 26 (-2) LD 19 (-6)!!!!!
Ipsos-Mori
NOW DC will get cocky, I would…….
Where the f*** did they find 26% of people prepared to vote Labour?
Do these nitwits have nothing but lard between their ears?
Lib dems are a waste of space.
They are all the thick ones on handouts: bankers, energy sellers, qango bosses.
The intelligent ones on handouts all say CON to the opinion askers but will vote LAB behind the curtains of a voting box.
There are too many that think their next cash fix will not arrive as promised. Addicted to LAB.
I remember a woman prior to the last GE being asked why she would be voting Labour. Her reply? “They’ve always looked after me and my kids”. Speaks volumes….
Not lard, just putty.
The BBC and SKY will find a way not to report this news, watch.
The BBC don’t report opinion polls unless they show a sudden surge to Labour.
Or to ask “Why aren’t the Tories doing better, you clearly haven’t sealed the deal?” Get Gordon to hold the election and then you’ll see the deal sealed.
ICM/Guardian CON 44%(-1), LAB 27%(+1), LDEM 18%(nc).
Two polls tonight both showing a Conservative 17% lead.
Is that the sound of crashing Nokias I hear or knives being sharpened?
You Tubes being lubed ready for broadcast, Gordo’s ‘Battle of the Bulge’ moment!!
Where does this 26% come from FFS. How bad does it have to get and how many lies do they have to tell before people eventually wahe up and smell the coffee. Labour should be in third and I hope that is where they end up completely obliterated.
Guido – can we have some good news please, the afternoon is turning rather gloomy, a little drizzle falling, the wind is picking up and the lights are on.
Come on, bring us some cheer, some rest-bite from all this loony left wing shhiittte that we have to put with: they have won, we give in, we are fucked, completely and utterly fucked.
Leave it with you……..
You think its depressing here. Try getting one of these……..
http://forum.o2.co.uk/viewtopic.php?t=27501&postdays=0&postorder=asc&start=450
did not happen in my day…..
Like to help Enoch but cant think of anything but……
That would be “respite”. Clearly you are a product of New Labour’s Ed Balls’ infested education system.
The Real Debt (in £millions, % of GDP)
Official Debt
1.1 National debt 825 59.1%
1.2 unsecured private debt 1,503 107.5%
Pensions
2.1. Public Sector Pensions Shortfall 1,550 110.9%
2.2. Current Pensioners 1,002 71.7%
2.3. Future Basic Pensions 958 68.5%
2.4. Future Additional Pensions 389 27.8%
2.5. Current NIF Balance (Holy Ponzi Shite!) -29 2.1%
PFI Scams / Contingent Liabily Scams (CL) / MoD Scams / Banks
3.1. PFI Scams (what we know about) 139 9.9%
3.2. CL (Network Rail etc.) 22 1.6%
3.3. bank / Financial bailouts 130 9.3%
Totals £6,489 Million 4.64% of current GDP
Things are much worse than this lying government would have us belive. I have not even included the private sector pension shotfall of £500 billion+, or the hundreds of billions of local auithority scams that have to be paid, in the shocking figures.
The Satanic kleptocrats running Nu Liebore are pursuing a scorched-earth policy (400 £billion added to the National debt in the past year alone). They want the complete financial destruction of Britain out of sheer evil malice, because they know they are finished and will never be elected again for decades.
Whoops!
The final total should be 464% of GDP not 4.64%.
Inflation it will be.
No other way to erode the debt.
Please note, not wage inflation.
Oh, and higher taxes for those with jobs i.e . Income Tax and NI
And higher direct and indirect taxes for all i.e. VAT, fuel tax etc etc
Our children will be in poverty. They will never enjoy the standard of living of the past 20 years.
Those on Shorthold tenancy’s – you are the new serfs.
Those of you with mortgages, secured and unsecured debts, you are the debt slaves
Those of you who have paid off all debt and are in retirement will have their “savings” will be means tested until death
Those of you lucky enough to get through all the above will have their wealth confiscated through IHT
Those of you lucky enough to avoid all the above will live abroad, where the sun shines and your host appreciates those they need not subsidise.
Moral: Either enjoy it all now, give it away to your kith and kin now, or just leave and start again where you will be welcome.
Sweet dreams
To put the debt of £6,489 million (£6.5 trillion) into context: 28,952 million
people are employed in Britain. Of these only 7,588,000 have real jobs:
488 Agriculture,forestry & fishing;
191 Mining,energy & water supply;
2,885 Manufacturing;
2,170 Construction;
1,854 Transport & comms.
The rest are ether unproductive public sector parasites, or non-productive morons
working in call centres, catering or paper-shuffling for the financial fuckmupery
sector. This is how the 6,489 million debt is allocated:
£108,150 for each and every man, woman and child in Britain;
or £224,130 for every working person in Britain;
or £282,149 for every ‘real’ working person in Britain (i.e. not public sector);
or £855,166 for every ‘real’ productive working person in Britain;
The sick thing is, people doing ‘real’ productive work (people who make tangible things, do tangible things and create tangible wealth), and therefore who really have to carry the burden of the massive debt, are paid so much less than the scum of the smoke-and-mirrors service economy. It is obscene that a trash banker, who might only press a few computer keys once a week, gets £millions in bonusses for simply being a parasite skimming off the top (and Nu Liebore have gone out of their way to continue to enrich the parasites by printing money and issuing shed loads of bonds [that they buy from themselves and then give fat commissions to the paracites for incestuous trading]).
Britain is in much much much worse trouble than after WWII (when the American pigs stopped the land-lease arrangement dead). Then we had skills, crafts and community to muddle through and help each other. Now we have an ignorant, unskilled, drugged-up and drunk, uneducated population of lazy thugs (with 1st class degrees of course), and a fragmented society on the edge of civil massive unrest.
How come none of the politicians are telling it as it is?
Thank you for doing so Real Debt.
People who thought the ’30s were tough should remember we still had an Empire to trade with, provide us with cheap labour and materials and or emigrate to, now gone.
People who thought the ’80s were tough should remember we had North Sea oil and gas which provided revenue, foreign currency and cushioned govt. finances — cost-effective oil fields are used up now.
Get used to unemployment, inflation and probably rationing too — again, but this time with a society totally unused to anything except instant gratification and ‘broken’. I saw a woman on TV last week who said she’d buy more organic vegetables if they came peeled and cut up for her… Christ on a Bike.
Can’t be important – nothing on BBC News homepage !!
Not a dicky on Channel 4 News !!
Mervyn King is off message again
http://news.bbc.co.uk/1/hi/business/8317200.stm
[...] and ours is spending so much more than it earns that it must now borrow an eyewatering GBP493 mn every single day simply to stay afloat. Left and Right might disagree on whether the problem is best tackled through [...]
The “end of boom and bust” and the era of the Golden Rule.
What a shambles!
One wonders now whether it might actually be better if the UK’s credit rating were to be downgraded and the IMF walk into No. 10 and tell it like it is…
This clip is of Blair, running after the Lisbon Treaty, and how much good it did him to sign a pact with the Devil:
Apparently we going to need a 7 p income tax rise to pay back this debt.