Investors Flee Fiscal Fiction
UK government debt took a whack yesterday, the gilt market dropped heavily on what the FT describes as ‘fiscal fiction’. The FT is blunt:
Investors took fright on Thursday at the timidity of the government’s plans to balance the books with one of the biggest sell-offs of British gilts this year.
The fiction will continue, the Bank of England will print more money and buy take billions more gilts on to its books to prop up the market. The Moodys bond rating agency warned that the ‘AAA’ rating on UK sovereign debt was good for now, but within a few years that could be history. The day of reckoning will be postponed, only to be worse when it comes…
Talking about Fiction
Yet more duff facts from the IPCC they reported 2350 as 2035 and this was supposedly vetted by 10 members. No one spotted [or so they say) that they were 300 years in error.
http://news.bbc.co.uk/1/hi/world/south_asia/8387737.stm
GUIDO !
I think it is about time you produced a set of cards like we had in the IRAQI war. !
Puts the heads of these fucking kunts on them. Let everyone download them, print them off. Carry them around so they can spot the twats on the streets. You get the picture !
I think the public would get the message !.
(P.S. You might upset the politically correct brigage if you make Keith Vaz the Ace of Spades)
Sounds like a job for Grumpy Old Twat…
If the cards were deemed useful in getting rid of a despot government in Iraqi, then they would certainly be useful here.
I think it would be quite apt to have a symbol of Iraq front and centre at the demise of this pathetic bunch of kunts !
Rating agency said this morning there is no danger of loss of AAA rating for GB. Good for the other GB. Also good local election results for Labour. Times poll for Populus states that majority agree with the direction of the PBR. Shares up this morning and currency up.
Canary Person
You’re in denial mate and need therapy – either that or you’re just plain daft. I suppose some idiots believe (like Stalin) that if you repeat a lie often enough people will believe it. What a numpty!
The day of reckoning has been put off until the Tories are in government and then as a result of this weeks carnage end up losing the AAA.
Of course Labour will rewrite history and blame the Tories as they will for failing the impossible in 4 years time to half the deficit. An impossible task given this weeks PBR and they fucking know it!!!
Here’s the MOST WANTED cards
http://upload.wikimedia.org/wikipedia/en/7/75/US_Government_most-wanted_Iraqi_playing_cards.jpg
Ooh, can I be Queen?
Meanwhile voters flee tories – have you had a look at the latest “real” polling results: yesterday’s local by-elections.
For example Weymouth. Labour threw in a series of ministers to help with canvassing, such was their desparation. Despite this opportunity for voters to look them in the eyes, they took the seat from the Tories.
None of the other seats had such an extreme swing but overall the Labour share of the vote went up. They appear to have got the message. Use well-known and popular local figures as candidates. The choice of so many politically correct central office yuppy and luvvy Tory candidates may yet keep nu-labour in power.
Guido’s acolytes, like the rest of the Westminster village need to take a look at the “real” world occasionally or they will suffer the fate of those who so fatally misjudged the mood of the nation back in 1605 and enabled the MI6 of the day to win support for the flakiest of regime changes.
Have you been to Weymouth recently? Not exactly a hive of economic activity, I would say. Since the Dockyard closed (it was the base of the Mediterranean Fleet) then the Defence establishments were sold off to the lowest bidder (torpedo research among other things) there has been no large employer in the area. and it shows.
There is a massive upside to Brown winning, win win really
Weymouth has one of the highest rates of teenage pregnancy in the country. I spent a few months living down there a couple of years ago, and I’ve never seen so many 14 year olds pushing prams.
No great surprise that its residents will vote for the party that wants to keep giving them a free ride. Quite a pretty little town, but a large proportion of its residents are lazy scrounging scum.
And who the hell could be Jack of Hearts – it won’t be the pigmy Jack “Accountancy is not my strong point” Straw.
Never in the history of this island nation,have so many nonentities ruined the country,stealing our money and all led by the Soviet spy Brown,the most reviled and hated man ever to enter politics.
This has legs – go for it and immortality is yours !
What a pity it is that the gilts chart above, looks far more convincing than those produced by the “climatologists”.
watched that. recommend it. terrifying.
a million people have watched it.
now it’s your turn.
Anybody who thinks that they can forecast what will happen in 2350 is not quite right in the head.
……. and with only a slight wind over the area that used to be the UK, gentle sun with me popping up for a glass of chardonney…….that’s all for now :0)
With the help of postal votes I can forecast exactly how big labour’s landslide victory of 2010 will be.
nice to know theres someone else out there who thinks like me,I thought the BBc journalists would be investigating,I’ll wait for it to be reported on newsnight….yawn
The Met Office people can’t even forecast what will happen in two days time let alone 2350!!! Its their data, together with the crooked CRU data that is being massaged.
Brillo stated on This Week last night that the amount it cost to insure these gilts was now at an all time high against German Sovereign paper
Is the insurance market expecting a default?
Yep. Apparently it costs four times as much money to insure the UK debt as the German debt. We are rated by people whose money is on the line as four times more likely to go totally bust.
Oh christ.
And these c-unts in Labour just keep on idioting along. Only a few more months of lies and money-printing and concealment and deceit and they can hand the whole land-mined economy to the Tories. It will be the economic equivilent of driving Landrovers around the ST*N. At any moment something planted there could blow you to fucking pieces.
Labour are a complete and utter shower of cocks! Here we are facing an economic disaster and they are fucking about trying to protect themselves rather than protecting the country. We need real, serious action to cut the fiscal deficit or the rating agencies will fuck us over, the Government will be unable to sell gilts, QE will fail and it will make the early 80′s look like a fucking picnic. Earth to Brown – stop trying to butter up you core vote of doley shit, criminals and immigrants with shit tax cuts on bingo and increases in benefits and start sacking a several thousand non job public sector workers, hack quango’s, cut all budgets by 10 percent at least, slash welfare and we might just stand a fucking chance. If Ireland have got the balls to do it then you have. Your election prospects are fucked anyway, why not do something for the country instead of your miserable and corrupt party of no marks.
We are at the stage where if he took the tough decisions before the IMF was called in he could still spin it as all the fault of the bankers ‘tough decision’, ‘right thing to do’ and history might be kind to him.
As it is he will keep psychologists, sociologists and economists in PhDs for years.
You’re right but he won’t. He is a prick with ears (and one eye). The bastard is selling the country out to try and protect his party. History will not be kind to the bastard. A failed Chancellor who economic miracle was actually a sea of debt and then a failed PM who puts his party before the country. In years gone by he would have swung for what he has done.
…and criminologists!
i nearly got my phd in the summer but brown’s got even more monstrous since then coz my dad says so
But things would at least be a little fairer if we were able to get our hands on these fraudsters – take them out to the lamp posts in Westminster and string each one up to die a slow death.
There simply is no satisfaction these days
Surely the problem is that there is no -dissatisfaction- worth a damn any more. If we’re not too busy looking out for our selves and our families then we’re texting television shows in an attempt to make an impact on their outcomes.
The madness of crowds has been atomised, individualised. Extinguished.
I can froth bravely about lamp-post ornamentation from my office without risking my capuccino being spilt.
This is a postdemocratic and postrevolutionary age.
Does that make us the first past the post democratic age??
At last I’ve won something
What I can’t understand is why, given that the assessment of the insurance markets is that UK gilts are 8 times as risky as German gilts, the ratings agencies still keep UK plc at AAA rating.
OK – the ratings probably reflect a longer term view of the risk, but there really isn’t enough wealth creating potential left in the economy to justify any faith whatsoever in the abilities of cretins from whichever party to balance the books and to repay the vast debt on schedule.
I expect the nice man from the IMF within weeks of the election, whichever party of fools wins.
Oops – my bad – jgm2 is right – it’s only half as bad as I feared!
Since we’re infinitely fucked though, half of infinity is still pretty fucked.
In September 2008, it became clear that the rating agencies’ opinions are less useful than those of my old dog. Why would any sane man* give any credence whatever to what these idiots opine now?
*For the sake of the politically correct, I should make it clear that I use the word “man” in the sense that it is used by all in my age group; that is the sense that it had when we were learning the language. In that sense it implies anyone of whatever persuasion, orientation, or degree of perversity or saintliness, who is of mature years and not actually certifiable.
That will no doubt be the Maximum Imbeciles defence. The ratings agencies didn’t spot/understand the CDOs and gave ‘em AAA status ergo the ratings agencies don’t know shit.
This logic works for a nano-second until you remember that the ratings agencies believed the stories they were being told about the CDO’s right up until the sacles fell from their eyes. No it is with the UK debt. Right now they’re choosing to believe Brown’s bullshit but at any second one of ‘em will do the right thing and break ranks.
It’s an awesome responsibility to be the guy to destroy an entire G20 economy but Brown has already done it and it now just requires one anonymous guy at Fitch or Moodies to deliver the coup de grace.
The damage is already done. There will be no change of policy before the election. We are driving another decade into penury just so Brown can continue with the fucked-up dialogue in his fucked-up head that he is the greatest PM ever, a world leader – look I have the photos.
A fucking nutcase. A national catastrophe.
No real argument with that jgm2. My point is not that the agencies may be wrong, I believe that they err on the side of leniency, but that on their record their opinions are not worth bus fare.
I am still quietly confident that I will win the sportsman’s bet I laid back at Party Conference that Brown would not be Prime Minister on Christmas Day. A valedictory photo op in Wonderful, Wonderful Copenhagen and then off.
know what ya mean, man….
we have evolved .. we print our own .. we dont need the imf anymore
From yesterday, probably worse now
http://www.spectator.co.uk/coffeehouse/5623228/the-markets-verdict-on-the-pbr.thtml
I blame capitli… captlik… capiteles… capitalism… ah, thanks tracy, that’s better/
Now give me more money peasants, i want a mock tudor beam like them tory toffs.
Nope you can have a bell tower instead
These are socialists, issuing all this debt abd buying it back themselves: it was deliberate, as was the engineered nationalisation of the Banking System, and what they wanted has come to pass.
They had to destroy our money. Lenin taught them what to do.
Look too at those fucking pricks from the compass group advertising here. Curb bankers bonuses to help our unemployment?
What the fuck?
How, exactly, does curbing banker’s bonuses help their unemployment? It’s as if they believe that the money bankers don’t get just magically decides to go somewhere else and set up a company and employ these fuckers. It’s this kind of idiocy that makes me more and more convinced that we truly are in ‘Atlas Shrugged’ territory.
They are out of their fucking tiny minds.
And if you click through to see the signatories, there isn’t one with a real job! Given that there hasn’t been a single detectable job loss in the public sector, these parasites are just repeating the usual mantra.
Inured though we are to Ponzimus Maximus and his jawdropping high finance act, can it really be that the idea that:
“We are printing money to pay off each instalment of our loans”
is simply too impossible to be accepted as true. Try it when you get talking to strangers – and are not afraid of coming across as a bit mad.
Brown has chanced upon a variant of Goebbels’ idea of repeating lies often enough so that they acquire a patina of ‘truthiness’ (c) Stephen Colbert.
Make the truth defiantly contradictory of good sense and plain logic and nobody will believe what you’re doing.
That’s more like it. A few million quid on corrupt MPs expenses is chickenfeed compared to a half billion a day overspend by the most self-serving, recklessly incompetent government in UK history.
This is the story. These jackasses are trying to co-incide the UK’s b*nk*rupcy with the day the Tories take over. Just so that 20 years form now Labour jackass apologists can bleat and swwon about how it was the IMF who arrived only the day/week/month after Cameron took over just as they now blame the sainted Thatch (PBUH) for getting shot of one million part-time miners.
Spot on. A real shame the great Lady is not still up for a fight against the Left filth currently in power.
Dan Hannon would be. He’s truly our King over the water. Sorry Dave.
As the last postal strike acted as a “tipping point” for companies to go 100% electronic invoicing, payment etc, we are getting to the point where the GBP will be dumped in favour of the EURO, there is no reason not to.
Why not pick something with a bit more credibility, like the Singapore Dollar?
Labour governments eh? Always a laugh aren’t they?
Always ends this way doesn’t it?
Yet still mongs will vote for them – some people really are stupid.
The ending of any government is a disappointment . Look at John Major’s Cones’ Hotline. Maggie Thatcher’s ignominious departure. Blair’s Iraq mirred ‘going,’although he was cheered in the Commons by all .
Surely they’re not stupid if they feel their benefit lifestyle depends on Lefties staying in power. Turkeys-voting-Xmas and so on. At least they have a simple understanding of that; in other respects, Nulab voters are, virtually to a man/woman/harman, imbecilic.
Another one for your rogues gallery.
http://waugh.standard.co.uk/2009/12/tory-mp-snaps-as-exes-claim-for-sky-sports-refused.html
Interesting. Doesn’t McBust make us all pay for his Sky Sports? Still don’t see why we should – I’ve had to cancel Sky to save money. Now I have to buy it for the git who sold our nation’s gold at $275/oz and stole my pension.
Brown’s house of cards is now wobbling – they will not last until May – by February the financial situation will be so dire the IMF will be called in again.
1970′s revisited.
Labour – it NEVER worked.
And the more they spin up a hung Parliament in the next few months the more worried the financiers will be… they’ve painted themselves into the naughty corner alright.
But by now Brown has ‘reasoned’ that the situation is truly desperate but the problems haven’t hit yet. His tactic is to accelerate and make the problem even worst (there was some cretinous ‘commitment’ to hand out a few billion to 3rd world dictators this lunchtime on the grounds of ‘climate change’). When the Tories do arrive in office, it’s likely that the mess will be so bad that the situation is pretty much irretrievable.
Not even Thatcher faced a financial mess like this, we may well be on the way to the situation of Argentina for much of the 21st century, except we’ve got far too many people, many of whom are worse than worthless, and don’t have to natural resources.
Would the Conservatives really like to win the election? The most poisoned chalice of them all?
I almost wish the Nulab incompetents had to sort it out themselves; we could at least go down laughing.
The BBC were reporting a row between Darling, who wanted to make some effort to cut the deficit, and the Real Chancellor, who wanted votes at any price. It’s almost frightening.
Britain is best placed to weather the global economic crisis.
From a position of strength no doubt.
It’s now beyond parody ! The UK is like the last days of the third reich!
A demented and self deluded leader is hell bent on leading his country to disaster surrounded by fanatical apparatchiks who still believe that the leader is right and the party will lead us to victory.Then there is another group who know that the end is nigh but that they might as well stick to the leader and get as much as they can out of the situation,then there is another group who know the end is approaching but also know that with their record over the past 12 years there is nowhere to go and again must stick to the leader until the bitter end and hope they may survive the disaster.The last group would do something but they don’t know what and so are stuck with the present situation whilst hoping for a miracle.
Meanwhile the country’s economic and financial standing continues to implode
sounds about right
I think this is a bit harsh on Hitler, at least he was trying to win.
‘Government’ debt DOUBLED 2002-2007 and in the next 4 years is set to double AGAIN with Fat Gordo McDoom’s boat-burning of the UK.
Isn’t it about time Dave & George started to tell the public about McDoom’s lies of having ‘repaid’ debt?
Just BTW, the UK has been fucked by ZaNuLieBor the same way Zimbabwe has by Mugabe!
What about PFI? Few quid of commitments
What about Olympics? All within budget, money stashed and ring-fenced?
They’ll delay Britain’s AAA humiliation until after the election.
If they can…….
Brown’s international connections will keep the money rolling while he rigs the poll and gets his election victory.
Do you think they are joking?
This is not a Banana Repulic (yet ) a rerun with oversight and immediate counts would be demanded by Her Maj innit.
The wheels are well and truly coming off.
IFS show up all the PBR flaws
Leaks that Darling opposed Brown and Balls about the PBR
The markets see through it all
next HP7 rating
IMF
Blame the Tories
I’ve just learned about the ‘offender address disclosure’ site
http://www.theratbook.com/
Maybe anyone who know the home addresses of the treacherous corrupt scum in Parliament could post them there as a ‘public service’?
I’m sure that if torch wielding ‘protest groups’ visited a few houses in the early hours our representatives could more accurately divine the ‘will of the people’…
Its very sad listing to all this… brown doomed… we’re all doomed…
If broon allows those who have migrated here (10 million???) in past 10 years to vote… how can anyone stop them… these migrants dont have high paid jobs per se….. so who will they vote for….. nu-labour.. yup
no one seems to spot..
brown can win, with an amnesty to migrants.
Furthermore – maybe he playing long game, who really wants to win next election and have 4 years of 20%+ cuts…..
does anyone think the electorate will like the next government…. ?
Dont be fools and believe broon will loose…..
you only have 1 vote each…. he has millions at his disposal.
:)
If we are occupying force with 10,000 soldiers in afganistan (and 80,000 us)…
What do you call 1,000,000 migrants in UK? An invasion … maybe peaceful… but they must have an effect…. good or bad.
ps: i do like migrants… very hard working most of them … whats the effect of all this migration?
How fast can you change a country these days…. in years, not centuries.
The Napoleonic Wars, the Second War: all in vain. Our forefathers fought to save the country from invasion, to keep our way of life and our freedoms, and we have seen it all thrown away in 10 years. It’s enough to make you weep.
Liebour doesn’t work – and they don’t reward those who do.
Brownling is now far the limit of his plate-spinning capabilities.
Look at how things are changing:
Quantitative easing was intended to boost the money supply.
But it will end up being used to create artificial demand for government securities in order to maintain prices. This can’t be done forever.
The PBR has done nothing to reassure anyone that the public finances are being reigned in.
Brownling is simply creating huge amounts of post-dated inflation, while systematically subverting the pound.
Rate hikes are coming.
sorry guys O/T
Heather Brooke
http://www.yrtk.org/2009/reformer-of-the-year/
As has been pointed out elsewhere, Heather’s worthy campaign would have only got us the heavily redacted expenses – it was the Telegraph that really upset the apple cart.
she’s a bit of a weirdo, tbh
Fuck me!
Just heard on the news that Britain and France are giving third world countries another £1.5 billion to help them reduce carbon emissions.
And the ‘overseas development budget’ (aka the Mercedes lease plan for dictators) was ringfenced in Darling’s ridiculous PBR too!
You couldn’t make it up…
How else do you expect us to reduce carbon emissions from our Space Programme!
We’ve got a Space Agency now – announced yesterday.
So that’s another useful and profitable area of the economy that the Communists are going to wreck – 15 years of benign neglect has led to Britain being second only to the US in satellite production – once the politicians start interfering we’ll see plant closures and layoffs in 5 years or so (it would be sooner, but we have 5 years of orders).
If I despair any more I’ll have to move to Slough (of despond – just off the M4).
Mercedes is so last year.
Thanks to our generous benefactors we now now have Maybachs and Rolls Royce’s as the motor of choice for any dictator worth his votes.
How’s things in Blightey? Mugabe was telling me that Mr Brown is a big fan of his economic policies.
The Tories have pledged to ring-fence the overseas aid budget too. Crazy in the current climate.
As far as overseas aid goes, they can have all their economic migrants back, and fuck all else.
We can’t afford to balance our own books, let alone give more money to corrupt (even more than New Labour) regimes around the globe.
Bleeding heart lefties (and I include the Tories) can assuage their guilt through charitable giving if they like – for me charity begins at home, and until we are in a healthy financial state then home is where it should stay.
They should have a tick box for income tax payers, “Do you wish to contribute to the third world or do you wish us to sort our poor desperate country out first?” Sound quite democratic to me. I certainly don’t wish to contribute to corrupt and feckless dictatorships, apart from our own.
I knew Climate Change would end up as another begging bowl. What about those countries, who through deforestation have changed their own climate?
The surprising thing is that newlabours treachery and treason and stunning stupidity is well known and the tragic consequences are clear yet so few people who could cause a stink and make big trouble for newlabour are stepping upto the plate.
Those in high places who can see clearly and who are in a position to shout warnings of the iceberg ahead seem to be hypnotised like rabbits in front of onrushing headlights WTF is going on as newlabour and its chief mental defective deliberately steer the HMS UK onto the jagged rocks of fiscal doom? Its almost as if those at the top know full well whats about to happen and are stocking their larders hoping only the poor will suffer.
Utter rubbish!
This is going to be one almighty car crash soon- The arseholes in woolly hats had better not forget who caused this carnage
I totally reject the claim that a rift currently exists between myself and the Chancellor. Why, I’m happy to confirm my wholesale support to what he announced in the PBR.
Get me Balls on the line…
Balls? ATTACK NOW!
A graph is useless when you can’t read the scale. Was that a big fall or a tiny one?
What about Dave giving a cast-iron guarantee of a Bill to allow surcharging of any senior politicians or civil servants who have shown reckless incompetence in managing the nations finances – such as can happen in local government?
Yesterday, I saw trade union leader after trade union leader moaning and groaning that ‘it’s simply not fair. Our poor members are taking the can for the mistakes of the rich bankers’.
One thing these fukkers better learn and better learn quick. When the UK government can’t sell its debt, there’s no money to pay ANY public servant – except MP’s of course. Oh, and their ‘expenses’.
Just how dumb are these trade union tw@s?
Very.
Has a British Prime Minister ever committed suicide?
No but Percival got himself shot. Is there a god?
I’m over here!
The ‘A’ stands for Anthony, but I prefer Tony.
Theres ia never a terrorist when one needs one.
Plenty of out of work ex-PIRA types who could probably do the job. Hate them but would gladly chip in a dew quid to give a few a bit of work. They would be the only Irish Nationalists to be lauded by the British and may even get themselves offered a knighthood.
We can make it look like it – ANYTHING, just remove this vermin from our land.
the ratings agencies are rubbish………..look at their track record over the last few years…….
meanwhile mcsnot keeps spending…on what?
we had a NI rise a few years ago to pay for the nhs.100+ stealth taxes too!!!!!
spending on police,firemen etc is being cut……
jus about everything is being cut yet mps and lords gorge themselves on free money!!!!!!!
the uk gilt market is a farce….printing money to buy our own debt !!!!!!!
it is more ridiculous than a monty python sketch ( at least they were funny).
i seriously wonder if the Bank of England has any reserves left?
they already bought £250+ of junk bonds from the uk banks……..
there will be no recovery.there are no wealth creating jobs.we have no resources.(the oil is runnng out)…………
if i were a gilt trader i would be shorting the market each and every day (ie selling)..the ‘crash’ has only just begun in the west………….
just wait until the spanish and german banks come clean about how much they are in hock to the ECB!
typo BOE bought £250 BILLION of junk !!!!!!!!!!!!!!!!
Are you Ex Trader because you were no good at it ?
According to the (excellent) ‘Cityboy’ by ex-trader Geraint Anderson, successful traders become ex-traders when they can no longer stand being buried under piles of money every time they change employers.
Also Welsh Methodist shame.
Seems that Labour can only deal with soft targets – like Bankers bonuses- yet important issues such as the UK deficit and national debt they have no solution other than rhetoric. No change there then
Brown trying to divert attention to Iran blah blah blah.
This man is so dead man walking,you can actually see his body decaying day by day.
[...] http://order-order.com/2009/12/11/investors-flee-fiscal-fiction/ because no one believes Darling, Brown or, generally, the twats in the Labour Party. Wilt is fast moving his finances offshore – indeed possibly like this blog moving abroad with the boat and Salty Dog. [...]
For those with cash savings where do you go to avoid the inevitable inflation? and weakening £?
Bricks and mortar as one needs shelter.
Cash into gold? silver?
For the parasites, well you can thieve but nothing new in that, just ask a pikey
Eeerm.. Palladium and Platinum is where it’s at. Get an allocated account to avoid VAT. Gold is for chavs.
And so Brown will reduce spending on housing.
And at the same time increase the UK population by 10 million.
So where will these people live?
By god,my wife and I are going to get our two kids thru’ University (with professions that can be practiced overseas) and then we are OFF.
I can never understand where they all live now. I could not afford to live in about one third of my own country. I suppose they crowd into houses, 3 to a room. Anyone with knowledge about this, please let us know…..
credit rating in trouble
http://www.timesonline.co.uk/tol/news/politics/article6952864.ece
Fantastic line at the end, we do live in challenging times
‘ there would have to be savage cuts in areas like…and even defence to help pay for safeguarding the frontline services. ‘
Woolarse will be awarding Medals to our Border Staff in the New Years Honours list!
Brown in News Conference – took his pen out and then waved it around,not trying to write another letter are we you lump of excrement?
Well, what did you think of my ‘clunking fist’ budget then minions?
As a regular poser,sorry poster on Guido,I like so many of us have got used to watching Brown very carefully.
It’s a tough job but we do have to do it.
I am absolutely sure that he is now totally unbalanced – watching him he is now in the bounds of Walter Mitty.
Above all else,what does this madmen have on his cronies that stops them simply overthrowing him?
Is it simply that they know the total depth of the shit they have taken us in to and are waiting for the barren years of 2010 to at least 2030 for Labour?
Cameron and the Tory party should state that if they are elected they will hold a public inquiry into the mismanagement of the economy. And make it legal with a judge so we can hold these buffoons responsible.
There must be a way we can stop this idiot from spending spending spending
Mangledbum would be the Queen of Hearts.
The question to ask Brown at the press conference on TV now;
“Mr Brown,you are an unelected Prime Minister – what right do you think you have to use our money as you wish?”
or,ok so you want to ring fence overseas aid. Then please explain why:
An American charity can build a school in rural Afghanistan/Pakistan for USD 50,000 and yet our government is proud that each school we build in pakistan is budgetted at GBP 15,000,000!
That works out at over 450 times more expensive!!!! A fair and equitable use of taxpayers money? Don’t think so
That looks unfair, until you see the figures:
Cost of school: £40K
Consultancy fees to fake charity / poor construction firm: £10 million
Baksheesh to Aziz Mansioninbradford: £4,960,000
Spread it about, that’s the motto…
New BBC three show – “Move like Michael Jackson”. I went to the audition and laid on the floor with my hands folded on my chest.
I just had The Daily Politics on the TV whilst I was busy doing something else.
Did I hear Maguire almost admitting that Labour have duffed it totally?
Rumour Aleret Rumour Alert Rumour Alert
Brown spends big on Telephone calls to keep BT profits high.
There are two rumours swirling around in the City today about Browns expensive long calls.
1) The call was to a private number that connects to a Gay chat line for Homosexiual types
2) The call was to a therapeutical clinic treating manic depression.
Watch this space Brown the big spender is going to have to get Downing Street to provide an answer . P.S. Let us hope it is more inteligent than the made up Twitterville scandal of Browns poor unfortunate boy twittering on Mummy’s account. We know Brown has a Big button telephone , but the baby never did it.
And it is all going so badly wrong, isn’t it?
MPs milked expenses in last bout of troughing, Brown’s plans to use phone tap info is in tatters and is Miliband too posh to pay his council tax? And the full extent of Darling’s spending cuts revealed
BTW, have you noticed how the BBC hasn’t covered the Greek bonds crash *at all*?
They really are wary of reporting anything that must necessarily have a lesson for the UK, when that would illustrate how *fucked* our finances are.
The BBC are nothing more than the left wing mouthpiece of Labour and the EU. You don’t expect them to bad mouth a failing EU economy, would you? The BBC has slumped from a respected international broadcaster and maker of quality TV to a pro EU leftist propaganda machine for the NWO.
Apologies for the poor English…
[...] Their spokesmen are keeping a serious face, but established Tory bloggers are on high-gloat alert. [...]
It’s staggering that they’ll stand up in Parliament and claim the economy is growing, when the “growth” is of exactly the same kind that landed us in the crap in the first place; growth in borrowing, growth of a debt bubble, growth of fantasy finance. The only kind of growth the economy can look forward to while Labour is in power is the kind of growth surgeons remove. We need a Debt-ectomy and a Government transplant, STAT!