+ + + UK Dec CPI Posts Largest Jump On Record to 2.9% + + +
Annual consumer price inflation increased by its greatest ever amount in a single month in December, that is well well above the Bank of England’s 2.0% target and consensus economist’s expectations that it would come in nearer 2% today.
Get your wheelbarrows out, stock up on gold and baked beans. Here comes inflation…
See also : Coming Soon : Double Digit Inflation, Double Digit Inflation is a Black Swan, Bank of England Pension Fund Surges Betting on Inflation, Yo Dude, Where’s the Deflation?
Rampant inflation just like the late 70′s
MAKE POVERTY HISTORY!
And the BBC has spotted this is an important story, and has asked Brown why yet another one of his main claims to being the man to lead this country has turned out to be rubbish.
Actually, I lied. The BBC have written 72 words and stuck it in a side box on the website.
Well done BBC. Excellent journalism there.
send Osborne out to make a serious face
that should placate the public
Wait for the Jan figures with the the 2.5% VAT going back on.
Ollie. These include the VAT jump as it came off in December.
But there has been a longtime lie about how if we don’t print money constantly there will be super deflation.
No one really believed it. Well, one person did.
But he has a track record of unreliability.
They are going to implode as they try and ‘manage’ the bad news coming out of Twat Central.
Huge Inflation. So the cautious pensioners have their savings cut to ribbons with record low Interest Rates. Then the inflation wipes out their Capital as well. With Government struggling to fund the payroll. Yet nothing gets cut in Scotland as yet.
Just watch the Unions kick off now. A Spring of Discontent.
The Unions will hold fire until the Tories are in.
Then it’ll be mass marches, ludicrous pay demands and wicked bastards like Brown and Harman sniggering from the sidelines about how they managed to keep the plates turning just long enough to avoid having to take any tough decisions.
And I do mean any tough decisions.
The only economic decsion they made that was self-evidently harmful to any client group was doubling the 10% tax. And even that wasn’t made because it was a tough decision. That was made simply because Brown is a mathematical imbecile and then couldn’t admit he’d made a simple mathematical error. That was pure pig-headedness not a rational, tough decision.
Brown has just assured Cadbury workers that their jobs are secure.
Great!
Poor bastards are doomed
How long till Cadbury workers get P45s? Soon thanks to McMental.
Is that similar to the the promise he and Blair made to Rover workers in the run up to the 2005 election ? The fact is that there are 29 Labour Marginals dotted around Birmingham and the West Midlands and most if not all are likely to be lost by Labour.That’s not wishful thinking either it is a stone cold definite fact/ Brown will promise the region anything during the election but he’s unlikely to deliver or save jobs at Cadbury’s or anywhere else.The West Midlands is one of the worst hit by unemployment of all english regions and it’s hurting Labour where it matters in marginal seats
A lot people who worked at Rover ended up at Cadbury’s. The facts are that no one from senior government visited the region between the last two elections. The yanks will just asset strip Cadbury’s just like it did with Terry’s chocolate. GM’s sale of its European divisions has been a joke from start to finish, the deal with ‘Magna’ fell through at the eleventh hour and the Swede’s are about to loose SAAB as a buter can’t be found. Cadbury’s going to the asset stripping yanks could be a vote decider here in the Midlands.
The business rates increases in April are 100% increases.
This will flatten a huge number of small firms. Where is a hairdresser, for example, going to find £10,000 -£25,000 extra profit this year?
Quango, is that why every one in the 1970′s had long hair?
It started in America
Brown has come up with a brilliant solution to keep Cadburys open; they are to start producing chocolate fireguards!
http://www.digitalspy.co.uk/broadcasting/news/a197096/bbc-apologises-for-biased-the-one-show.html
You can always rely on the BBC to report the news impartially, after all we ALL fund it dont we, irrespective of political affiliation?
MAKE LABOUR HISTORY!
MAKE THE BBC HISTORY
MAKE HISTORY HISTORY
The french just rewrite theirs
MAKE LABOUR LABOUR
Make History Labour
LABOUR MAKE HISTORY
LABOUR WILL SOON BE HISTORY
BBC HISTORY UNIT: LABOUR’S FUTURE
No no.
Make Poverty history….
Make New Labour history!
CPI measurements:
UK : 2.9%
US : 2.8%
Sweden : 2.7%
With central interest rate are in the range of 0-0.5%? Haha… this is going to be great fun.
“Make poverty history…..make abject poverty the future……”
‘Never mind my twatty disciples, have a lovely British roast lunch like I pretend to do as put of Gordon’s doomed drive to make us appeal to middle Britain.
BTW – Once a week, for my full British breakfast, I have on my plate a tuberous big Cumberland sausage, straddled by two plump baked tomatoes.
This annoys Gordon as it reminds him of what he cannot give me.
I’m not off to Kent now, eh Twatters?!
Maybe not that high! Mind you the idea of all those baked beans is quite pleasant. And the gold to beat off the burglars.
The only good thing is that Brown was hoping he could avoid it starting on his watch so he could blame the Tories mishandling….should have had an earlier election…again!
Wait for it, there’s more price rises to come. This is what happens when you have idiot governments like New Labour use corrupt things like Quantitative Easing to hide the pain of the economic mess from the public before the general election. All these lefties that love Keynesian economics, you are going to get bitten by your love of idiot economics.
The out of control spending started in “the good times” (I never saw these good times as I was not a home speculator) should have signaled saving the money earned through stamp duty and the unjust death taxes. Instead, you spend that money, p1ssing it up a wall on stupid pet projects like ID cards. Now “the bad times that started in the UK” are here, there is no money to ease the pain.
Oh, and Billy Bragg had a useful tip this morning, stop paying your taxes. That should help the bottomless pit money wasting public sector
Hasn’t he left for Oz, or is that his doppelclone Ben Elton?
Not often you see news tagged “LIVE: Dorset”.
Thats because Dorset has only a limited amount of vulgar loud mouthed right-on twerps. Perhaps now Mrs Frazer has been widowed (and boasting about her behaviour) she might like to take care of another one and he could move to C/Hill Square.
I once listened to him saying that he could see no reason for ever
stopping anyone from from anywhere comming to live in this country.
It’s so good to see that he is living and mixing amongst all the new
arrivals in an inner city council ghetto in dorset. Typical lefty.
Ah yes, the intellectual colossus that is Billy Bragg.
Another sleb apologist for the horrors of the new liebour project.
Perhaps he could do a double act with Marcus Pigstock!
Brigstock – upper middle class socialist tosser who via his familys status & upper middle class roots was able to sail into a non career at the BBC representing the views of “working class folk”.
Priceless.
I saw the interview that Marcus Brigstock had on “something for the weekend” on Sunday morning. He was very critical of schools frightening 5 year olds with bible stories of the great flood and having children come home in floods of tears thinking that God is going to punish us for our sins again.
But he has no problem with schools terrifying young kids with lies about impending climate disaster. What a fucking hypocrite.
He even went up to the Arctic on an expedition to witness the Ice melt.
IT WAS SUMMER! Of course the fucking ice was melting. It does EVERY summer!
Mr Ned – He is punishing us for our sins. He has given us Marcus Brigstocke for starters!
By the way, it was snowing yesterday in South East Oz – in the middle of Summer. The first time snow has ever been recorded during the Summer months in towns such as Bombala and Cooma.
So much for that Melburnian “heatwave” that M Fish and others were so concerned about a few days back…
When this millionaire socialist twat starts paying tax I’ll refund my bonus
Billy Bragg – he did rather well out of Thatcherism didn’t he?
Opposing it.
Still, amassed a fortune to get his family out of the lovely melting pot that is Barking.
No inner city multi cultural school for Lord Bragg of Dorset – champagne socialist of the first order & songwriter in rsidence at Pravda BBC R4.
He had a fair old hand up the ladder from his socialist peer Sir Jon Peel of Wadiewon.
he certainly had a fair old hand ‘up’..we’re just sure where but gordo’s or mandy’s gritters best probability.
most people who billy appeals to don’t pay taxes anyway…they hold out their hands and receive ours….
And Fuck their toadying arselicking apologists.
Even Cameron knows to ridicule and piss on the hated Bankers.
Because at least he is aware that the public despises the Banking scum.
“p1ssing it up a wall on stupid pet projects like ID cards.”
or in the case of McMental’s Liebour Parteh wasting £26bn on stupendously incompetent IT:
http://www.independent.co.uk/news/uk/politics/labours-computer-blunders-cost-16326bn-1871967.html
For 13 years New Labour have raped savers cash. They have stolen from private sector pensions, and have had deliberate low interest rates to allow the feckless to rack up huge debts.
With the economy in a REALLY bad way, New Labour have continued their raid on savers with even worse interest rates to save the feckless, and quantitative easing savers cash into oblivion, a double hit on savers.
This recession, there are virtually no savers left to pick up the slack in the economy, because their money has been STOLEN by New Labour and the Bank of England to keep the feckless in their lifestyles. The feckless will learn no lesson in money control, other than that savers are there to bail them out.
Now these asset stealing schemes are coming back to haunt the UK economy.
The feckless MUST be made to pay for their crimes on the economy. unfortunately, the Conservatives BACK Quantitative Easing. So they are no better than New Labour, and the LibDems also back it.
The UK is totally F*CKED!
Like the period leading up to May 1979 both opposition parties have been in thrall to the ‘fashion’ of socialism simply as a means of getting elected.
It’s going to take a bit of a Howe budge to re-establish a degree of common sense.
Going to be a rough ride I think.
Cameron needs to speak with conviction not of policies.
“Cameron needs to speak with conviction not of policies” Don’t know if you’ve watched Camerons last few speeches but I’d say he’s definately shown the right amount of conviction in his speeches.I’d say going overboard is not good.Also hes starting to layout his political vision and the public seem to like it.As the polls seem to indicate.I think the one poll put the Tories around 42%.If its not broken……..
Don’t get me wrong I’m a Camaron fan. Simply stop dancing around the edges – the country needs dynamic, positive leadership and the sooner McCavity disappears (er, post-ironic!) the sooner the rebuild can start.
It ain’t gonna be pretty.
Socialism must never be allowed to floursh again!!
The current Conservatives are just the same as New Labour. The country will be fucked under them too. The best thing will be a hung parliament, and then there will be a re-match in a years time, but that time Labour will have dumped Brown and swung far more left and the Tories will have Boris. No contest.
duh duh du moi bwain urts
Real Alternative – you are entitled to your views but you do bang on endlessly about the same thing.
If you are not a troll (who knows) why don’t you try some new material.
Give the blog a break he’s just completed NVQ level one in Trolling
did he pass?
Yes he does bang on about the same thing, but to be fair the bigger picture of the degeneration of real politics and erosion of our (non-)democracy in this country (not to mention the gradual erosion of civil liberties) is more important in than any single issue, EVEN, in the long run, than the economy.
We have to demand more of the opposition than merely *not being nulabour and gordon brown*. We do need real alternatives. ‘Not quite as mean-spirited as the other guy’ is not a reason to vote for someone, and by doing so legitimise everything they represent and (fail to) stand for.
Boris has turned himself into a lefty. He’ll need to be kicked out of being London Mayor….. two lefties in a row is NOT good.
http://news.bbc.co.uk/1/hi/england/london/8464965.stm
Stopping people having plastic bags for their shopping. A rabid supporter of the Olympics con. Boris is a bloody lefty telling you what you can or can’t have or do.
Not just overly low interest rates, They lowered reserves so savers probably wouldn’t get their money back from the excess credit regulated into existence.
get ready for the double dip
Do what happened to Argentina, replace / buy any foreign goods that you need now, before the economy tanks and the government steals what is left of your savings. Do not let the government have your money, make the feckless pay for their crimes against the economy.
Another very worthy trick we could borrow from South America is to round-up all socialist filth (the feckless, as you correctly put it) and throw them out of military aeroplanes at about 30,000ft over the Atlantic.
I think it was Pinochet’s trick, rather than Galtieri’s, but the concept’s still sound.
Bags I get to kick Ueber-parasite Karen Matthews out the door.
The Airbus A400M has a payload of thirty tonnes and a range of 2450 nautical miles. It might be just the thing for such a barbaric and unthinkable mission.
What do you expect from a government that sent thousands of text messages to youngsters, just before the GE in 2001 with the following message…
‘cdnt give a XXXX 4 lst ordrs? Vote labour on thrsdy 4 xtra time’
Yes, the same twats who are now trying to stop people having fun in pubs by banning happy hour!!
‘Up Sh1t creek’ a blogger with common sense
The inglorious basterds eh!!
Here comes stagflation, 70′s style.
Brown’s Britain. Just like the 1970′s, but without the manufacturing!
Or Abba.
Or Michael Jackson.
or oil
Or a job in my case.
Or Allowances for Stock Relief or MIRAS
And a lot more people sponging off the wealth creators – we’re an easy touch under New Labour – get the feckless picking the turnips, not the Poles.
“get the feckless picking the turnips, not the Poles.”
We would have to get out of the EU to be able to do that.
And the problem with that is …. ???
How about a Pole tax?
Brown’s latest sound bite ‘I’m not a team of one, I’m one of a team’ is obviously a sad variation on ‘There’s no I in team’. Well, where managing the Economy is concerned Brown has certainly ‘Put the I in run’.
And now the odious snot muncher has yet another plan (by the way its Europe’s fault now)
http://www.thisislondon.co.uk/standard/article-23797104-gordon-brown-blames-european-leaders-for-slow-road-to-recovery.do
Surprise, surprise…
pound’s going up again
Only to 1.6520 level then it is sellsville down to 1.35 and then par with the dollar.
At the moment the Cadbury deal is the only buyer of cable in town, the rest are piggy backing and will get hurt. Mark my words we have a sterling crises coming.
As I mentioned to jgm2 yesterday the only option in town is to put the pound, dollar, yen and Euro on the silver standard. Back the currency with something otherwise we will be downgraded.
Once we lose our triple A rating you will see inflation spurt ahead. On my inflation chart we are looking at 15% in 2012 with interest rates at 17%.
P.S. I have noticed over the last week a lot of interest from HMRC looking at ways to get more tax from me and my family. They are trawling for cash smacks of desperate needs.
Repayments of tax owed are also extremely slow. I think they’re skint.
They are. The son of a friend of mine has a small business and is owed a repayment by HMRC. He’s been on the phone to them, trying to get a date out of them when he can expect the cheque. Of course, he’s had the run-around until last week, when in a refreshing burst of honesty he was told, “We don’t know when we can pay you. We haven’t got any money.”
The taxman has run out of our money: we really are through the looking glass.
Fidel X Penses, tell the Inland Revenue that the small business will pay no taxes due in lieu of the money the Inland Revenue owe but refuse to pay out, and if they decide to sue, he will defend it – it’s an easy case to win.
I regret that even 17% interest rates will do nothing for savers and private pensions. So much money has been stolen from savers and private pensions by New Labour and the Bank of England, that the increased taxes to keep afloat the feckless will eat up any gain in savings rates. Many savers now are forced to live off of savings because taxes are already so high, and they just keep going up.
Myself, How can it be that council tax has gone from £560 in 1997 to £2200 today, and they are still predicting rises in April 2010. I have not moved house, but that’s what I pay now. New Labour are a bunch of crooks, and the sooner they are sent to The Tower to get their sentences the better.
My council tax has done the same but I did get a brown wheelie bin for my trouble. I’m owed a couple of grand by the Tax man as well, surprise it was their mistake but if I owed them it would be a different story.Really gutted about Cadbury, I come from that area, its a great employer and Cadbury’s means a lot to us Brummies. Just saw a un-elected PM and a un-elected President on State sponsored TV channel, its put me of my lunch, mention it in passing. Good luck to Nu Lab Trolls canvasing Birmingham, I hope you are thick skinned, especially around your necks.
.Its to pay public sector pensions ,on your council tax approx 500 pounds goes into their pension pot.
Granny Smith, £600 goes to the b@stard Mayor that New Labour bought back into existence, and what of the extra tax slapped on those that pay London taxes for the Olympics. Of course, all the gimps that pay no tax are in awe at the prospect of the Olympics – they are not paying a penny towards it. The other London taxpayers however…. No wonder they always go to the New Labour sh1t holes to interview people to support the Olympics.
Typical Communists, steal money from the working, to pay for the people who don’t give a damn and will get TAX FREE benefits. Ha, even the benefits they get off us are tax free, whilst I have to see ridiculous amounts vanish from my pay.
Up to 1.6520 and then spunking all the way back down to parity? you do talk some utter shit, I suggest you take a wee closer look at the state of the US’s finances.
and then we have your double digit inflation by 2012 prediction… I won’t hold my breath
I have traded currencies all my worling life and put my own money where my mouth is.
When my prediction comes true just remember where you heard it
Well, yes.
Nobody actually thought the Government was going to repay the eye-watering debt they’ve racked up, did they?
Why repay it when you can just inflate it away?
Oh, yes… ‘cos it screws the economy even more.
Good one, Gordo.
Not quite so simple. Inflation is also needed to make the real world property prices match the banksters’ book values. As inflation goes up, so will the interest rates. As the interest rates go up, so quite a few more OTC derivatives will hit the fan. I would expect to see more banking crisis well before inflation gets to 10%. Anyone holding bullion should not feel smug either – unless they’ve had it drilled through and tested for the absence of tungsten.
Don’t buy gold – buy tungsten. At least you’ll know what you’re getting!
silver. is the best buy in town.
So what you’re saying is, it’s worse than you think?
(louder) Good one, Gordo!
Cyco Billy:
“unless they’ve had it drilled through and tested for the absence of tungsten.”
Keep quiet Billy, man. The Chinese aren’t supposed to find out about that!
inflation is a measure of the increase in prices over a given time period.
CPI measures the prices of a range of different products that consumers typically purchase.
if the producers of these goods stick their prices up for whatever reason, regardless of whether or not the supply of money has increased or not, then we have “inflation”.
If I recall rightly, the governor only has to write to the Chancellor if inflation is greater than + or – 1% of the target, or basically, >= 3% or <= 1% – some Central Banks in Europe set an inflation target of 3%
Not exactly death and destruction now is it
Not exactly death and destruction, but a 1% ANNUALISED jump in the space of a single month is just a teensy weensy bit alarming, don’t you think? And it happens just as the Bank of England finish injecting £100billion of new money into the economy. A considerable portion of which it has lent to the Government, incidentally.
Low, controlled inflation is good for the economy. Tearaway, uncontrolled inflation is ridiculously bad. Regardless of the actual money supply, inflation affects exchange rates, making our currency worth less. And given that we have a net trade deficit, i.e. we import far more than we export, that’s bad. Very bad. As in, companies’ operating costs go through the ceiling, so they make people redundant bad. As in, Government has to start issuing debt in foreign currencies rather than sterling, because our creditors don’t trust our currency enough.
So not exactly death and destruction. But not exactly a basket of roses either.
The fact that it rose by 50% in a month is not good news. That is a very sudden increase.
I am still to be convinced that inflation is good at any level. Surely we would be better with no inflation and honest money. Oh, I get it. that will show up the politicians for what they are.
> I am still to be convinced that inflation is good at any level
Zero inflation is worse than modest positive inflation. Among other things it’s a hair’s breadth from a deflationary spiral, which is hard to stop once it gets going.
It’s like orbiting a black hole – You need to stay slightly outside the event horizon, otherwise you’re going down and never coming back!
It started in America.
yeehaa!
It started with a kiss, …..never thought that it would come to this, mmmm, boo boo boo
I though it started with a fish?
(Wipes keyboard)
It started with a list. The Titanic sinking, I mean.
shame brown’s parents weren’t on it
If Brown had a time machine, went back in time to kill his grandparents, would Britain now be a happier, nicer place?
Gordon Brown singing..
Sing to the words of “It Started With A Kiss” by Hot Chocolate.
It started with a list,
New Labour sinking all around Brown.
How can you resist,
The decaying aroma of Labour
You and I were inseparable,
Until you found – the Brussels life.
You made a promise we’d be really good,
Until I went and listened to McBride,
But then,
You were only straight in talk,
And I used like to run and hide (liked to run and hide),
In my bunker life felt oh so good,
I though there’s no chance of being mined.
It started with a list,
I never though it’d come to this!
It started with a list,
It’s the end of our secret tryst!
How much of this is due to the massive discounting that went on in December 2008, and how much is due to the printing of £200bn and the desire to reduce the ‘real’ defecit the easy way?
I guess we’ll find out soon enough…
It may yet be compounded further by the VAT rise to 17.5% this month. The result will no doubt be a notching up of interest rates by a quarter point. So, the VAT cut cost us billions and the VAT rise will give us higher interest rates – well done Gordo the fucking idiot.
And whoever gets in will raise it up to 20%
They have to. Then watch the retail figure plummet. Not even Starbucks will survive on the High Streets of the UK. The local councils will probably double car parking fees as usage halves. Because that is how fucking stupid they actually are.
Only 20%? I’m expecting 22.5% before the end of the summer.
£178bn a year is is double the percentage of GDP (nearly 14%) that we had when Labour last finished their term of office by going to the IMF in 1979. Reducing this will be hell if taxes do not go up and spending go down massively. VAT is a comparatively easy tax to increase (both economically and politically) in terms of the revenue provided. I think that a raise from 17.5% to 22.5% raises something like £25bn a year.
25bn? Golly. That’s a good start. Now where are we going to make up the remaining 175bn shortfall?
jgm, an old Times article sugesting that the 2009 cut cost £12.5bn, so assuming that spending net of vat is constant (it isn’t of course), £25bn is a reasonable guess. A little growth would suggest that the figure is about right.
VAT raises as much as income tax for HMG, imagine what would happen politically if income tax went up by 25%?
http://business.timesonline.co.uk/tol/business/economics/pbr/article5213582.ece
legalise prostitution, all drugs, and tax them loads. At least we could then enjoy our journey into hell.
Mr Ned, some states in the US are now seriously looking at legalising pot as a way of both increasing tax revenues and reducing the prison population (did you know that 10% of adults in the US are in jail?)
A study last year suggested up to £14bn saving of public money here if drugs were legalised.
http://www.guardian.co.uk/society/2009/apr/07/drugs-policy-legalisation-report
VAT is probably the worst tax from an economic-harm perspective.
It’s like a flat income tax with no Zero% band. The price increases of VAT are passed onto customers and thus sales and profits are reduced. This basically ensures less jobs and less employment are created by the economy.
AC1, from memory, most of the lowest income groups spend very little on VAT – with the notable exceptions of alcohol and tobacco.
Also politically better to raise £25bn with a VAT raise than the 12p that would need to go on the basic rate of income tax to achieve the same ends.
Mr. Ned, Prostitution is taxable in the UK if carried on in the UK for profit as a trade profession or vocation, and if carried on anywhere in the world by a person who is domiciled, resident or ordinarily resident in the UK it is taxable in the UK. Someone did try to prosecute a chancellor of the exchequer for living on immoral earnings as a result of this but failed.
the £200bn QE money was used to purchase government gilts on the open market, it was NOT an off-market transaction.
the BoE can sell those gilts back to the open market at any time and “burn” the money it created, or it can hold them to maturity and burn it as ti receives the interest – either way it makes no difference, the newly created money is loaned not given, it is created through lending (buying gilts) and destroyed through repayment, yadda yadda.
to get into a wee bit more detail: the new money is used to buy gilts from institutions – pension funds, commercial banks etc, they can then use this money for whatever they like. The Gilt market is deep and liquid, the bank can flog off 200bn worth of govt debt without too much of a problem.
And all of this does piss all to help the government’s deficit.
if you are of the apocalypse mindset that they will start monetising debt through issuing new currency that’s given, not lent then it matters not what they lend through QE because you are screwed anyway, nonetheless, such people are a modern-day version of those who used to cry out that the sky is falling and if you think it’s going to happen, sod off.
“So whats” if you’ve got an index linked pension like Ed Gonads et al.
All their pensions must be confiscated on Day One of the new government – no perks for a criminal cabinet.
Proceeds of Crime Act (2002).
That ‘index linked pension’ will become affordable. unsupportable and will have to be cancelled.
It is unsustainable. Labour knew that, and still piled the jobs that qualified for one onto the obligations pile.
The LifeCompanies here will not be able to withstand this enviroment. I predict the imminent demise of some Life and Pension Companies quite soon.
Agree, Mr Plug.
assume you meant ‘unaffordable’…the damage done to the pensions industry and in turn pensionable employees by this government in removing the tax exemptions on pension fund income was a quite unforgiveable act from which the pension system will never recover even if the cons reinstate the exemption.
Anybody else noticed items such as loaves are getting smaller, there are less crisps in a packet, now barely a handful in Walkers, and chocolate bars, or the contents of packaged food in general is shrinking, yet the price increses, a Warburtons blue loaf is now easily a quarter smaller than 2 years ago, the bread also seems to have been pumped full of air.
It all used to be fields round here too.
Nostalgia is just a thing of the past…
I used to long for nostalgia…
Nostalgia’s not what it used to be…
It never was…
I have fanciful daydreams about proper Nostalgia.
I thought nostalgia was a weird sexual thing until I discovered Blackjacks and Fruit Salad.
mmmm blackjacks….
Also, I was drinking blackjacks t’other day – y’know that? Large pernod in a half pint glass, topped up with guiness?
it’s an acquired taste.
Nostalgia isn’t what it used to be!
Gah, you beat me to it…
Nostoc is a sort of alga.
Not man people know that.
Not sure of the facts but a newspaper a recently proved this to be true, fuel prices have sneaked up in the last few days. Milk’s gone up but not for the dairy farmers who are getting a right good hammering at the moment. It won’t belong before we get the power cuts, beans on toast for Sunday roast and everyone back on strike over pay! 1970′s anyone!
At least at the end of the 1970′s we had a tory party that had the power to solve the problems. NOW?
The EU has it’s boot on our throats holding us down!
Let’s hope it will be a summer of discount tents!
petrol round here 115.9 / litre
109.9
A bag of Walker’s crisps was 25g when I was a kid.
Looking at a bag in my office today, they’re still 25g.
The last time I checked, Warburtons loaves were still 800g as they always were.
Chocolate, however, HAS been shrinking. A ‘big bag’ of Maltesers used to be 170g for around £1.25 a couple of years ago, now its 135g for £1.70.
and in 2002 gold used to be…
It was $2500 – I actually saved the tax payer money by buying Euros while the problem was caused by the previous government not having the diversified portfolio. I also abolished boom and bust. I could do all this because I wrote a PhD essay about some labour politicians I was obsessed with.
Walkers were 30g when I was a kid.
The protion was cut because Labour wanted more healthy fat kids stoopid.
The NHS and welfare state will eat us all.
The only cut in town is Doctors, managers. They were the only ones to benefit from Labours NHS money.
Lets make a rule no more foriegn doctors, sack all GP’s who will not increase their hours and who have taken the big pay increases.
Fund teaching of Doctors and put them on a wage comparable with the state of the economy.
You can see the EU madness when Spanish Air traffic controllers can pick up 800k Euros per year.
We have had enough socialist shit, it is time to privatise the NHS non core services. People spend more on a fucking TV and their car than they do on their bodies. If you have a safety net people will use and abuse it. Although good politically to capture the people for teh state in Browns world, it the real world it means third world status.
By the way I heard the ex president of Haiti called Gordon Brown up and offered his condolences for teh state of the country.
And watch all of your doctors emigrate to US, Canada, New Zealand, Australia, EU….dick
yup
Have to say Canada is looking good at the moment. Decent wage, much better environment and a government that can control its costs.
I’ve worked my arse off for for 15 years to get to consultant level (starting salary £74,000) and I recently heard about some bin men paid £50,000 per year by my local council. I hired an electrician recently and he turned up in a BMW X5. Labour has fucked the professions and taught the country that hard work doesn’t pay, bye bye excellence in the UK. anyone with any sense will be getting their children out of the country
if u r about 9 then thats probably true…but as an old fart there were more when i was a lad..i remember the wind
Anyone notice that members of the public seem to get older every day?
When I was a Kid I was a lot younger as well
….and they die in alphabetical order.
jumpers for goalposts………..
Not unless you’ve cleared it with HSE with a risk assessment form
…. we remove all buttons ….
Fry’s Five Boys
the best kids are goats
Or perhaps you’re just getting bigger/fatter?
It’s the Cadbury Creame Egg effect. As a child, as each Easter came around, Creame Eggs seemed to get smaller, when in fact you simply grew
I find almost everything is getting smaller these days
That’s Kraft’s Creme Egg effect, get it right.
So what?
More unfettered immigration is the answer here. That will push house prices up, and job done. Voila.
It has been our only cunning plan.
Not to worry chums – Gordon has abolished boom and bust!
Inflation is aspiration and just in time for the pre-negotiated salary increases…
Oh dear!!
inflation is expiration (?)
You know what Albert Einstein said;
“UK inflation is 10% , and 90% perspiration.”
This isn’t really news is it?
We knew it. Labour knows it.
The question, will they call an election before the sh!t hits the fan and then try to blame the Tories?
Yes, basically. And Britain’s population of uneducated morons will more than likely fall for it
If they call the election too early, a sufficient number of the feckless might not realise that we’re screwed and they might get re-elected. Then they would be screwed. And Gordon can’t ever be shown to have said or done anything wrong, can he?
Yes! Victory! New, Diverse, 21st Century Britain leads the World! Rejoice!
Any news of Israel’s invasion of Lebanon pizzaboy? Clever that using Haiti as a cover, what?
That won’t be news until the IDF soldiers start going home in bodybags. Then it will be “Nasty Lebanon, how dare they defend themselves from yet ANOTHER IDF invasion?
And the most interesting part of all of, this is :
THAT THE GOVERNMENT IS POWERLESS TO STOP HYPERINFLATION NOW THAT QE HAS GONE SO FAR…
I just checked to see if the bond trading market had collapsed and it hadn’t, so it seems that you’re talking shit.
Don’t panic, BBC News helpfully explains that the jump in inflation is wholly to be expected given the increase in VAT which happened in….. er….. January
fucking hell, for £6m a year don’t expect us to add up and understand calendars and shit. we do whacky, zany stuff, what is priceless.
The Govt is getting on with the job. A small rise but expected due to outside influences. Under control. Govt will meet targets. Repay deficit in 4 years. Do nothing tories.
Repay the deficiyt my arse. Even their wildly optimistic ‘we’ll never have to deliver on them anyway’ figures are only calling for halving the deficit in 4 years. No mention at all about how we’re actually going to pay off ths debt.
Inflation. That’s how.
We’re going to destroy the entire nations savings. It will be a Pol Pot ‘Year Zero’ approach to economics. We will all start from zilch.
A lifetimes hard work, frugal living and savings wiped out for cynical political ends.
Gold. And diamonds. Cheap at any price (good quality single carat diamonds have gone up almost as much as gold in the last few years). Easy to store. Easy to carry out of the country.
Needless to say who will pay for the index-linked final salary pensions of public sector employees and politicians!
Pack your bags, stop contributing through your tax to this mess, and don’t forget to buy some real assets!
PS 10 year gilts yield has ticked up 11 bps and now is half bp lower than italo yield
Fawker, for fuck’s sake, don’t tell the plebs about the tungsten ‘gold’ bars. It’s bad enough printing worthless money and passing it off but when the little people get wind they’ve invested in fake gold they’ll be hanging you and me from lamposts. Ta. Gord baby.
http://pakalert.wordpress.com/2010/01/16/fake-gold-bars-in-bank-of-england-and-fort-knox/
Hence why there are so many people desperate to buy your old, broken gold jewellery for a quarter of it’s real value.
The goldsmiths know that when it gets out that most of the world’s gold bullion is fake, and all the remaining gold is already in some vault under the control of one bank, that the value of gold will explode. That 250 quid you were so happy about getting for your uncle’s old watch? Maybe worth 15,000 pounds soon, so let’s get all that gold out of the hands of the unwashed masses. We cannot have them benefiting from a real asset when hyper inflation kicks in.
It’s a classic no-brainer buying chavs old sovereign rings for a quarter of their value. What fucking muppets eh? They could walk into an independent jeweller on practically any high street and get 75 – 80% of the spot value of their gold jewellery but no.
They’ll post it off to some FREEPOST address in an envelope they picked up at the Post Office while cashing their GIRO and accept 25% of the spot price.
Do you know – it is almost rude not to start doing the same thing.
Bubbles never burst
Just look at property
But the problem is that the property bubble (in the UK) still hasn’t properly burst. 25% off is not a burst bubble.
Every economic lever this government has pulled since 1997 has been geared to creating and sustaining a property bubble. Because without insanely increasing house prices our consumer economy does not feel confident enough to go out, borrow more money and buy more shit. Plus rising house prices = happy voters.
Utterly surreal. Rising petrol prices = blockades of refineries. Rising inflation = unhappy voters but tell ‘em their house costs 20K more to buy than it did last year and they’ll kiss your cherry lips. The fucking imbeciles can’t see that it just became 40K more unaffordable to get a bigger house. Or 20K more unaffordable for their kids to buy a house.
I really do wish they’d replace that ‘education, education and education’ with some fucking basic maths.
I guess it will really burst if interest rates are hiked..
after inflation goes up and Britain looses its AAA rating..
jgm2, as you well know, labour never implemented “education, education, education,”.
They implemented “indoctrination, indoctrination, indoctrination,”
By the way, jgm2, I can do the website if you provide the start-up capital for a gold buy back business. I would do it all myself, but I am skint.
Remember this from 29th Sept 2007:-
(notice they say only MOST of the gold remained in mint condition – that could mean 49% wasn’t!!)
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2554723.ece
The Bank of England, guardian of the 320-tonne stash under Threadneedle Street, admitted yesterday that cracks and fissures had appeared in some of its gold.
Questions put to the Bank, made under the Freedom of Information Act, revealed that this deterioration would temporarily reduce the gold’s £4 billion value and make it more difficult to sell.
The discovery is a further embarrasment for the beleaguered Bank, coming only days after it was blamed in part for the Northern Rock crisis. But it said that most of the hoard remained in mint condition. It denied suggestions by some experts that the deterioration was evidence that the gold may have been adulterated with base metal.
Well, here’s the mother of all stories for you, Fawkes. Or not.
If it’s true, you really can demolish the Houses of Ill Repute for good and all.
Can we look forward to one of your rare but always eagerly awaited comments?
I wonder if this Chinese website is on the Bank of England’s favourites list:
http://www.tungsten-alloy.com/en/alloy11.htm
“Tungsten alloy for gold substitution”
Why tungsten alloy is used as gold substitution?
Almost exact density. Tungsten needs thickish gold coating to pass rudimentary tests. Only true way to check- drill through bar! Don’t know if these two metals have different expansion properties with temp changes- maybe cause of cracks?
Nah, ductile gold would just stretch around. Might ruckle when it contracted back but I wouldn’t expect it to crack.
Probably cast iron and gold leaf we’re dealing with here. In which case the yanks are going to be well pissed off with that load of gold they got for their old destroyers in WWII.
be with you in a tick. Just a couple more bankers’ knobs to suck before lunch.
Gissa Job !!!!!!
Gordon Brown is “little tiny dot” on world stage
Diesel is £1.21 at the motorway service stations, and something like 0.90 of that is tax?
We’re up a gum tree chums.
January three years ago it was 87 pence a litre!
I’m off to Iceland.
Why?
Could you bring me back some frozen peas?
and some of those buscuits for that nice Mr Brown!
Ermm make them plain, no..with chocolate. Plain. Iced. Caramel.No plain. Ed what do you think?
and some hobnobs for nell…shes old fashioned but hotter than cocoa
I thought you were off to fat camp or fat fighters or whatever it is called.
Watch the prices of Cadbury’s chocolate zoom if and when Kraft borrow the billions to dedude the public that have bought this British company. It is always the public and suppliers who pay for these massive takeovers.
Look at the interest payments the supporters are forking out to give Glazers and the banks control of Manchester United. Forty Two Million Pounds per year.
How many players have they to sell to pay for the elusion of these “Wealthy” business men?
Kraft are borrowing £7 billion to buy a chocoloate company. Willy Wonka for Chancellor!
Is the loan from RBS?
Most of Cadburys shares are already owned by American investors anyway.
Someone should tell them there’s no oil in Bourneville.
You don’t have to eat it. It might even do you good if you don’t eat it.
Anyone can make a mistake. But some twits voted for these idiots three times in a row.. I mean, three times! (Must have been running at 2.9% normal mental faculty.)
I am proud to be able to say I have never ever voted labour.
I am also very sad that labour consistently proved me right about why I never voted labour.
I really wish I could say, “I never voted for them, but I wish that I had because I was wrong about them.”
Labour ALWAYS fuck up the economy and ALWAYS screw over the poorest.
Blimey Mr Ned, sounds like one of Bad Al’s letters to Chilcot ;+)
LMAO!!!
Excellent!
I had no idea printing money would cause inflation…but then I have no idea about anything to do with finances.
Sold all the gold at rock bottom price because ‘it was the right thing to do’.
What on earth was Mervyn King thinking when he agreed to the QE programme ?
Weimar Republic style inflation just around the corner…
When we are carting the metaphorical wheelbarrow full of cash to buy a loaf of bread (that is smaller), then we will be delighted to join the Euro, or the proposed single global currency, to save ourselves.
That is the madness behind Gordon’s method.
I am not sure which is worse. That this clusterfuck of the economy is due to incompetence? Or the realisation that it could be deliberate?
Fortunately, the road to recovery will require the same initial step whichever the reason……………..
More fortunately (for the Eurozone) it will tell the UK where to go jump because the Eurozone doesn’t want to inherit BRuin’s legacy
No it does not, but it will happily come to our ‘rescue’ and charge us handsomely for it.
All this proves if proof was ever needed is that successive governments and their supporters have got it badly wrong.
Lessons have not been learned.
Take all this bollocks about booze drinking what a laugh, its the no hope society, over regulated, driven to drink and taxed to the hilt.
And now its drinkers that are irresponsible.
Cameron is no better with his tax breaks for marriage, has this creep one single NEW idea that has not already been tried and failed!!!
No! thought not!
Fuck off!!! No really, FUck FUckity FUCK FUCK FUCK OFFFFF!!!!!
The tax-breaks for marriage are NOT social engineering, and are NOT about forcing people to get married. They are completely fair and rational changes to a deeply unfair and punishing tax system that currently penalises people who are married.
I know labour MPs are complete fuckmuppets of the most idiotic, fucktarded, necrotic-brained twatmonkeys, but I am surprised that they are arguing so aggressively AGAINST making the tax system FAIRER. They just love penalising decent married couples with decent values.
Labour will not be happy until everyone is divorced and dependent on the state.
FFFFFFFFFFUCK OFF!
Quite so. What is wrong with a married couple simply pooling their individual tax allowances?
Why should two (married) folk earning 20K a year each be better off than a couple where one of them earns 40K and the other stays at home to raise the kids?
And why can’t couples (and single working parents) get (say) a five thousand pound allowance for each kid as well?
Why would that be such a terrible thing?
Will someone please stop people from encouraging other people to have kids.
Kids are not something to be subsidised, they should be taxed.
Why not give a tax break to people who don’t have kids eh??
Kids cost the tax payer to be delivered, educated, fed, policed and medicated.
Just stop having them FFS
They also cost the tax payer to be paid dole money, kept in prison, rape and murder each other and hack into other peoples computers.
Stop creating Chavs and save the f*ckin country from itself!!
Actually kids shouldn’t be taxed, Parents should just pay for them (education etc.). No more harmful subsidies.
Sir Trev has a valid point. If married couples decide not to have children then their carbon footprint is automatically reduced.
perhaps EC1 phd if you cut their legs off at birth that wouldn’t be true..don’t be a twat..you obviously don’t have children or are only 9 years old yourself..what next ban breathing for the over 70′s
Banning driving for the over 70s seems like a good idea.
“I know labour MPs are complete fuckmuppets of the most idiotic, fucktarded, necrotic-brained twatmonkeys,”
This seems to understate their sheer fuckwittery somewhat.
Simply saying Ned me old mate its the pathetic numb nut headline grabbing tinkering that is so crap, where whats really needed is real innovative intelligent policies that rewards “commitment and stability”
Formal Marriage is just one form of it, and not the only!
I smell engineering!!
…..and eating imported junk food in front of mindless reality television…..
Dave has already said the marriage tax breaks are ‘aspirations’ at best and refuses point blank to give any detail.(because there isn’t any)
He’s going to have to fill the manifesto with a scratch and sniff pull out wallchart on his favourite shirt colours and an exciting feature on which bands he thinks will do best in the download charts in 2010.
….and as the good ship UK sinks into oblivion, the tiny voices are still heard arguing about the good and ills of marriage and taxes …. FFS
A stable – e.g. happily-married – family is where kids learn the basic lessons about personal responsibility. Take that away and it’s no wonder you have so many people who think that money grows on trees, they can do whatever they like without consequences, and so on.
And you wonder why the SS GB is sinking.
This government (or the next) will not be raising interest rates even if inflation hits 20%. We will inflate away all our debts.
I saw the bust coming five years ago and I predicted the political response to the inevitable bust at the time. They will print money – look…
September 2004 posted by me in another place…
http://boards.fool.co.uk/Message.asp?mid=8764925&sort=postdate
Stage three will be that good old-fashioned cash bubble standby – inflation. We’ll simply print money
Bust? Bust? Well a few people saw that one coming.
But printing money? Fuck me. Who didn’t see that one coming then? Hardly anybody saw that one coming. But it was obvious. It remains obvious that they quite literally have no choice if they persist with maintaining a massive client state and attempting to prop up the price of houses.
It isn’t difficult to see what is happening. I did indeed look into the future and was 100% nailed-on fucking right.
It might be difficult to believe that the fuckers would repeat the mistakes of history so totally – bearing in mind the Maximum Imbecile is allegedly a doctor of history – but we must now conclude that the economic disaster of the 1970’s was a deliberate KGB-inspired effort to bring down the UK only thwarted by Thatcher’s last-minute intervention and that Brown has simply decided to have another go using exactly the same recipe that was almost successful last time.
Gold. Cheap at any price.
Yeah I saw that coming too, as did several independent minded economists. Of course they were all ignored by the mainstream media.
What, you mean Peston Jr didn’t see it coming? Oh, he wouldn’t have done, would he? No-one tipped him off about it.
They might try to maintain the price of houses, however inflation causes unemployment, and mass unemployment cause forced house sales (repossessions) that will cause price drops.
More importantly the ratio of house prices to post tax wages wages will to return to about 3.5.
Brown is on a Red Bull and Um Bongo drip feed
You’ve never had it so good.
Vote Conservative for higher taxes,higher unemployment,and a public sector pay freeze.
You know it makes sense
Yes that will happen and we all know why. Only the daft f*ckers in Labour opposition will try and blame Cameron for it on his first day in government, that is how twatish Labour are these days.
Aye. Because the Tories will be doing all that just for a fucking laugh. For no reason at all. Just for a fucking laugh.
Vote Labour or else we’ll fucking do you
Public Sector pay freeze? Any party which will slice their overinflated earnings, purge their ranks and pillage their protected pensions has my vote.
Public sector RIOT – 50% sacked, the rest to have pensions confiscated and wages frozen for a decade.That’s Liebour’s vote dealt with and some of Liebour debt paid down.
Just as well I had a truck full of pies bound for Hiati diverted to my lock-up eh!
Okay John, that’s this week sorted, what are you going to eat next week?
Baked Beans OK but
beware about Gold
http://subrosa-blonde.blogspot.com/2010/01/bling-bling-blag-blag-guest-post-from-b.html
This gold jacketted tungsten story has the distinct odour of a foil-hatted Prison Planet story about it.
said the shill.
Perhaps Tungsten Foil?
That article was stupidly silly.
Perhaps we have all mistaken Jonah Brown…
This “fake gold” ingot theory/rumour/urban myth?
“”He announced that he was going to sell off half of the UK’s gold reserves! The market dived and still Brown persisted to sell of the gold at a price way below he could have achieved by drip feeding it into the market. At the time it was viewed to be a colossal stupidity but, maybe it was not that at all and was a cover to dump the fake gold into the market in one go so, that the schmuks in the feeding frenzy couldn’t believe their luck. The gold would then have been quickly sold on and dissipated worldwide”"
A moment of clearsightedness and sanity from the Dear Leader? What are the odds on that?
Zero. Knowing Gordon there will have been a switch and we’ve been left with the tungsten stuff.
Actually that’s a better twist. The “mysterons” made Gordo sell the gold, and made sure he kept the tungsten.
They now have the valuable bit very cheap and we have the worthless stuff.
Pity the conspiracy theory nutjobs never thought of that.
I’m fucking hard, I am.
Your last line should read “here comes the imported inflation”.
This is now the mate’s receipt for crashing the Pound; a soft currency mirroring its weak economy is weakening its currency – lesson one of economics.
caw
Pound is up. $1.63.
Don’t lie just because the truth isn’t convenient.
Regards,
Tom
The $ is weak (down to the €).
If you want to compare yourself with the weak, fine, but short cuts do not make the truth any better.
Regards
Christian
Christian – do you know Bee?
Bee as in “bees” or Bee as in “being funny” or “Bee as in e-automobiles”?
Phew, just think what trouble we’d be in if there had been a return to boom and bust, like Gordon “I saved the world” Briun promised us there wouldn’t be whilst campaigning on his last election.
Well I think Gordon’s done a wonderful job and he should be prime minister and King for the next million years.
Get back to your sock, Einstein.
Our bins haven’t been emptied for 5 weeks, there’s fuck all in the shops, yesterday our off-site servers went offline because of a power cut in the thames valley, the country is broke, the dolescum are loaded, immigration is out of control and there are already bodies piled in the streets (albeit in haiti) – it must be Labour!
More seriously – I filled up with diesel this morning; £1.2fucking2 a litre! How come our great and independent media isn’t noticing that the crashing pound is translating into price inflation on all importado?
Sure, buy gold. But don’t forget the other G too…
I shall stock up with gazpacho immediately.
and croissant, surely?
Groissant, surely.
There are four delayed tax increases in that diesel price hike. It is not solely down to currency fluctuations.
How many Gussets do I need then?
Fact: after her film appearances in the 70s Chesty disappeared completely from view, and is now thought to be living quietly as a septuagenarian in Romania.
Goons?
quality hosting company that – never heard of backup genertators!
fucking *rackspace*!!!!!!!!!
They are “investigating” their UPS systems…
“Our bins haven’t been emptied for 5 weeks”
You’re lucky – We’ve got nothing to put in them!
…for a f*cked economy.
That’s a guarantee, every time.
We will “unleash a wave of social mobility not seen in this country since the immediate aftermath of the Second World War”.
“We will unleash debt on a scale not seen since the Second World War” Or is it on a scale never seen before ?
Haven’t been on here for an age. Largely because I’ve been slaving away working flat out, making more money for the government to steal and squander on whatever rubbish it sees fit. What I want to know is now they’ve utterly bled us all dry, and continue to do so, wasting our hard earned money on propping up useless and inefficient public sector dinosaurs, and on encouraging a growing underclass who provide nothing to society but cost us a fortune in welfare payments and crime, and on meddling and interfering in my life, can they be obliterated at the next election, and then indicted for large scale theft and fraud? And then can we have a government who butt out of dictating how law abiding responsible citizens eat, drink, educate their kids and spend their own money? And can that government start discouraging people who have never worked or tried to work, from having kids that they don’t bring up in any meaningful sense, and don’t financially support? Because I’m sick of paying for it, and paying for the privilege of working hard, obeying the law, never claiming a penny, and not expecting any one but myself to be responsible for my family…. Why should I? I didn’t elect this shower and neither did a majority of the people who are paying for their mistakes.
Time to emigrate, Newgirl
Failing that, vote for whoever has the best chance of kicking out this shower of shit that we call a government – when they eventually decide to give us the opportunity to do so.
Stand and fight Newgirl, get out there and tell your family and friends because unless you do, this lot will get back in, an end apathy and Nu Lab is the only way forward.
Should have read ‘a end to apathy and Nu lab is the only way forward’
None of my friends and family think differently..
Toe Knee Blur, living away doesn’t mean you don’t have a vote. Does mean you pay less tax though.
Ooh is it warm in Dubai at the mo Expat? (she said, longingly)
Was a cool 26 degrees the other day
I’m back in rainy England today, at least the snow all melted in the last week when I was away in the sun. (New job working half there and half here)
Good to see you back on here NG
I didn’t post for a while when the trolls were elbowing around but they seem to have FUCKED OFF for now which is nice. I went to Dubai last March and it rained every day.
Unlucky EC1, there was a week or so of unnusually crap weather about then.
Normally there’s about 10 days a year when rain falls (and everyone forgets how to drive, like when it snows here!), but there was a fair few crap drizzly days at the beginning of ’09. Still way better than the UK weather though!!
Right, so we’ve got inflation on our hands, and the doomsayers (possibly correctly) forecasting stagflation or hyperinflation.
Does anybody out there with a better grasp of economic theory than mine know what a government can do to alleviate the pain and reduce the inflation rate? When should that action start?
Two obvious ones – end QE, and cut public spending to eliminate the deficit. Then what?
Given our reiance on imports, anything that strenghens the pound will reduce the price of imports. Raising interest rates is actually a good thing to do when presented with inflation and a weak currency.
In the present circumstances though, the effect of this on the high level of consumer debt would be more like to cause stagflation than any sort of recovery.
The solution is going to be complicated and unpopular, but has to start with a SERIOUS reduction in public spending, say 10% YoY for 3 years. This will lead to unemployment rising as spending falls, but will give the scope for tax cuts (especailly corporation tax rates) that will stimulate growth in the economy.
In the meantime, the next couple of years are going to be horrible, and the next government are going to go down as one of the most unpopular in history.
That is the correct medicine, but to be effective then business must be allowed to compete internationally. That means a massive reduction in red tape and regulations.
International trade is very competitive. Soft and woolly liberalism is NOT and thus fails.
The only way to reliably and sustainably recover the economy is to compete internationally and generate revenue from overseas to bring new money INTO this country.
We cannot do that so long as we are inside the EU. They will not let our businesses compete fairly internationally. (as in trading with the rest of the world) we need to get out of the EU and increase our trade links with China, the Far east, India, Brazil, The USA, Australasia. There are more than 2 billion people outside of the EU who we should be targeting as consumers of UK goods and services.
Instead, the tories and labour are both looking inwardly to a corrupt and expensive EU market of less than half of one billion.
We need goods and services to be traded internationally. We need to ramp up manufacturing. Shaking “invented” money backwards and forwards quickly was never a sustainable policy to run a country on.
It IS a tricky one – one thing that would help is encouraging exporters, for whom a weak pound would be an advantage.
When I was growing up, the news was often about the Balance of Payments, and the evils of importing more than we exported. A few people of my aquaintance have queried the wisdom of our recent tendency to import more than we export, and they were right – the imbalance exacerbates the problems.
The next government must adopt policies that encourage people to make things that the rest of the world wants to buy, or provide services that the rest of the world wants. One reason why bashing bankers, now of all times, is crazy.
Imports and Exports are only a small part of the economy and neither imports nor exports are bad.
What’s needed is to get the economy working again. That can only mean one thing, increase comparative advantage, i.e. cut taxes on employing people, working, investment and saving.
We could encourage manufacturing back to Britain and not China or seeing as we pay the lions share of EU contributions , we could get Europe to tax the crap out of anything made there, if global warming does exist it should help that as well.
“Given our reliance on imports” – we run a balance of trade surplus with every part of the world except Europe. So perhaps part of the medicine should consider our relationship with our Continental buddies. Plenty of savings are available from that relationship, and it doesn’t preclude bilateral trade agreements like most other countries have.
Fidel, the imports are mainly of consumer goods, the exports mainly of services. Generalising a lot but bear with me.
The way inflation is measured (and percieved by the public), things like food and petrol prices are important as they are noticed weekly. There are also a lot of electronics in the ‘basket’ which are by their nature deflationary due to technological increases over time – see what’s happened to the price of a 42″ telly in the last year, that is factored into the inflation rate and holding it down below what most of us are actually feeling it to be.
Agreed that the £11bn net we give to the EU is poor value for money, we should regetotiate this ASAP
Gordon rearranged the English language upon taking office as chancellor 13 years ago.
Any reference to the term “public spending” in any form – was subsequently changed by the use of the word “investment”.
Even if the money used was borrowed, the word “investment” was used.
He also changed the meaning of the word “prudence”
Was previously known as WASTE.
instead of primary school economics expat go and teach in the colonies…think they’re counting to 10 now
but most poeple here don’t understand primary school economics – and they’re the ones voting for the next government!
Stick to the oily bits. You’re unable to see the truth. This isn’t a matter of policy or course correction. It’s a long-planned and executed takedown, like that of Iceland, Ireland and shortly America. Brown is simply the last but one muppet puppet, taking orders from his controllers.
I don’t buy that one. The international bankers and money-men stand to do much better if economies are doing well. They don’t gain much, in any way, from failing economies. I don’t buy international conspiracy theories – all my experience and observation leads me to believe in cock-up theory but not conspiracy theories.
The current problems in this country are down to a belief that handing out money to the poorest is ‘fair’ – maybe it is, but they forget that you have to earn the money first. Nulab have been far better at spending it than earning it; the result is that we all end up poorer. That may be equality of a sort, but in the end, everyone ends up worse off.
Time for a change. Britain needs to roll it’s sleeves up, get out into the world, and earn it’s living.
Government earnings from taxation this year c.£400bn
Government spending this year c.£600bn
As DC puts it, we can’t go on like this.
The question now is how to sell the massive cuts to the electorate, rather than scaring them shitless!
Issue flying helmets to pigs – cus it ain’t going to fucking happen. Dave will come in and keep taking mroe and more of our taxes and giving them to the rest of the world and our own-home-grown scum, because that’s what he’s been told to to do.
who eactly are ‘home grown scum’?
Chavkind.
Do you want names and addresses? The millions of dolescum and subsidy junkies.
I like the term “Benefit Addicts”
or ‘Bankers’ as they are more commonly known
Engineer
Once you have injected £billions thru QE, it is extremely difficult to “mop up” the excessive liquidity without causing chaos – expecially in the bond markets which are already very nervous. In simple terms, it would mean probably the doubling of long-term interest rates with the consequent effects on government borrowing. It might even cause the gilts market to “freese” – meaning a refusal to take UK paper at al.
This is why Guiodo is shorting Gilts and he must be right.
Whatever happens, gilts are going to take a hammering but it may be so bad that it is disastrous and causes default – or a very tough IMF package of cuts tax increases etc to avoid default…
All of this is can happen and quite quickly.
We are looking disaster right in the face right now…with a mentally handicapped government that thinks it will just go away…
And the Tory Front Bench simply does not have the botle in my opinion to take on the task of sorting this disaster out…
God help the UK…
Very true, which is why, if you analyse the labour and tory campaigns, they are both trying to lose the next election.
I’m hoping that now Labour (well, Darling anyway) are admitting that cuts are coming, the Tories might have the guts to be more realistic in the scope of what’s got to happen.
It is impossible politically to say that massive cuts are coming, when your imcumbent opponent has his fingers in his ears and talking about “investment”
An idea for DC’s next poster, brutal and honest:
Government earnings from taxation this year c.£400bn
Government spending this year c.£600bn
We can’t go on like this.
But they have got to put all this our there in neon lights BEFORE the election.
The Black Book of Brown should set out every gahstly detail of what Liebour has done, the true scale of the disaster, the cost of cleaning it up and the mental team responsible – Brown Balls et al (who in my view should be arrrested and hauled before a Political Crimes Tribunal)
Most of the country lives on Credit, so It might not have the effect you think outside the Brain-using community.
Brain-using community.
Bugger, one cup of coffee to clean off the laptop’s keyboard!
Hopefully most people would react to the actual numbers as well as the percentage, no-one spends 50% more than they earn on a regular basis.
> no-one spends 50% more than they earn on a regular basis
I think you’re in for a shock.
I suspect the medicine will be so awful that the next government will be in for one term only ,whoever wins,unless they take strong action from day one which may mean we’re over the worst 4/5 years later.The next few years will be grim.I want them forever associated with Brown’s stupidity.
If in 2 years David Cameron is the most unpopular PM we have ever had it will probably mean he is one of the greatest. If he is not extremely unpopular he will be one of the worst.
Close all public sector defined benefit pension schemes. Past benefits earned cannot be changed so anyone with 20+ years service won’t see much of an effect. The country cannot afford index linked DB pensions paid by the tax payer – especially in times of rampant inflation. Take all union leaders into a room and explain, in simple
terms so that the *uckwits can understand, how the world is today. Stop expecting to work 5 days a week, start to instill a 4 day week expectation. There will just not be enough jobs.
Don’t be silly. There’s not fixed quantity of things to do (work).
They’ll turn up five days a week, for 4 days pay (todays money) or someone else will do and they’ll get the dole.
The problem is the state is extorting far too much, for very little productivity and it’s killing the economy.
Sorry disagree – the past benefits need to be cut hard too.
The private sector pensions have been raped for 13 years – the state ones need to be brought into line retrospectively.
O/T
We extradite one of our own for hacking but …
*sound of forehead landing gently on table in front*
Just trying to figure out what the overall gameplan is here because if there is a gameplan then its swung right on by me.
UK Government backs Islamists in battle to remove their names from terror blacklist
Sources in Washington said the move by the British Government risked worsening relations between the US and UK at a time of heightened concern over security. The men are also named as suspected Islamist extremists on a US Treasury list barring them from travel to the United States.
http://www.telegraph.co.uk/news/uknews/7024631/UK-Government-backs-Islamists-in-battle-to-remove-their-names-from-terror-blacklist.html
They must be MI5 Assets then.
Appeasing the core vote – the Muslims
Thanks to that bastard one-eyed son of the manse who prays to a false god every night, we’re all screwed.
Keynesism doesn’t work but try telling that to trained economists…..
I hate the Left and what they’ve done, especially that bastard Will Straw trying to get a seat by pretending to be a socialist, scum fucker. I remember when his dad was taking him down the nick for selling drugs. I hate anyone who claims Obama for their cause because he’s just another Left wing loser.
Obama’s popularity in his first year has dropped faster than any other first year of a new president in American history. Another proud record for Obummer.
But then, more and more people are waking up to the secret and not-so-secret-yet-still-elitist societies that all these people belong to and are answerable to.
American Republicans should have backed Ron Paul’s campaign and gotten him elected President. Shame about the rampant vote fraud in so many of those primaries.
Mike Gravel. Libertarian with real, ahem, grit.
Obama has my deepest sympathies for the economic clusterfuck he was handed by George Dubya.
Just as Cameron has my sympathies for inheriting (probably) Brown’s clusterfuck.
This is why Obama wants fuck all to do with Brown. He looks around at the desolation of the US economy and he remembers his fuckwitted predecessor and then he looks at the Maximum Imbecile, still printing money, still recruiting tens of thousands of salaried public sector box-tickers and such-like arseholes even in the middle of the longest recession in UK history and he (Obama) sees George Bush.
Bush and Brown are contemporaneous jackasses whose economic fuckwittery has brought the Anglo-Saxon hemisphere to the brink of total financial meltdown.
Brown seeking to blame the Yanks is just laughable because it was he (Brown) who was pursuing the same reckless low interest rate, massive borrowing strategy of Bush.
Obama may be a Democrat but that was no reason for Bush to totally fuck up the economy. That was just rude. And incompetent.
Likewise Brown. I wasn’t sorry to see the Tories kicked out in 1997. But that didn’t mean Labour had to take their revenge so far to the point of utterly fucking the entire UK economy. That’s just beyond a joke.
what did you prefer mr ned…few more years of bushee baby ?
listen Neddie…mike Hunt had more chance than Ron Paul…in fact pope john paul had more chance and hes croaked it.
Keynes does work.
Keynes has not been applied properly.
For it to work the state has to save and build a “warchest” during the good times, and then be prepared to spend it during a recession.
Guess which really really important part of Keynesian economics that Gorgon missed out on?
You guessed it, Jocko McClown pissed away the increase in tax revenues on vanity projects, STASI projects, a totally fecking pointless war in Iraq and giving every tosser in the public sector pay rises above inflation for 13 years.
On top of pissing away the tax revenues, the utter gobshite also borrowed above and beyond when there was no need to. Prudent Chancellor? My Arse!
The only way out is to inflate the economy out of debt while also taxing every available monetary transaction to the hilt.
Earned Money? Pay more income tax and NI.
Sold something of value? Pay more CGT and Stamp Duties.
Bought something of value? Pay more VAT.
Need to buy fuel for heating and transport? Pay more fuel duty.
Like a drink and a smoke? Yep, you guessed it, pay more tax.
Say goodbye to your savings people, buy tangiable assets NOW!
Bastards the lot of them. Bastards on the government benches, and Bastards on the opposition benches for not taking the Government to task over these foolhardy economic and social polices.
O/T watching Geoff C.unt making a right Hoon of himself at the Chilcott enquiry.
Saying that the US basically told Bliar “We’re going to war, are you in or out?”
I see the ONS has come up with the wonderful line that the increase in inflation is because the rate of VAT is unchanged from last December. I didn’t really understand that.
But I’m sure I’ll understand next month when they say that the new record increase in January is because the rate of VAT increased from 15% to 17.5% (a 16.7 increase in itself) compared to January 09.
That is crap!
Thanks for the mammaries
High inflation is the only way we can repay our debts.
Taxpayer: “What happened to the money I earned?”
NuLabour: “Found it, nicked it, spent it.”
And that is as succinct a summary of Labour as you can get: “Found it, nicked it, spent it.”
Don’t forget my friends that St Barak is lobbing some taxes into the US banking system which some of ours will have to pay too -what will that do to,say,the availability of credit?
‘ Institutions with more than $50 billion in assets would have to pay the fee even though many did not accept any taxpayer assistance, and most of those that did have already paid back their government infusions.
If approved, the fee would be in effect beginning June 10, 2010, and remain in place for 10 years.
It’s 15% of liabilities!
Stupid politicing in both sides of the Altantic.
Once you have decided that financial services are an important part of the economy, you must encourage that industry rather than pissing it off!
Switzerland, as well as emerging players in Hong Kong, Singapore and Dubai will be laughing now at all the bankers about to relotate to where taxes are low and bonuses encouraged.
Guido, that letter printed by Hannan should be required reading for everyone.
http://blogs.telegraph.co.uk/news/danielhannan/100022697/why-tax-cuts-are-bound-to-favour-the-rich/
I first came across something similar to this when studying Economics A-level. It is a superb illustration of how we currently pay income taxes, expressed in a way that we all understand, by simply comparing it to ten men buying beer in a bar.
It also succincly explains what happens when to try and go for the rich man for being rich, everyone else has to suffer.
Can you explain the “ten men buying beer in a bar” bit?
Did you read the article?
It’s a long but brilliant anecdote about ten men buying beer in a bar. They decide to pay according to their comparative wealth, so the poorest four pay nothing and the richest man pays more than half the bill…
Then they piss off the richest man…
Hey, come on guys, it really doesn’t matter if things get more expensive; I’ll just print more money and you can all get your bosses to give you a pay rise, there you go; sorted.
I’m an economic genius, me.
ps: no need to stock up on gold, guido, I sold all the uk gold for a pile of magic money-tree beans, I’m waiting for them to grow; any moment now we’ll all be rich (that’s what the wizard who sold me the beans told me anyway).
Nurse, I’m ready for my medication now…..
We’ve tried upping your dose, but the drugs ain’t working no more. Oh well, that’s drug inflation for you.
Here comes hyperinflation. The ministry of baked bean statistics are covering up the dire shortage of world food stocks (grain, sugar, cocoa etc). This isn’t just because of poor harvests. The evil marxists of Europe and UK have turned land over to grow bio-diesel and pay farmers to leave land fallow.
When hyperinflation comes, it will be due to deliberate, fyckwitted, socialism. The west must destroy this disease.
A Pleasant Little Tale.
Ahmed Ranjit Oluwalu lands at Heathrow on a jumbo jet from foreign
lands and talks his way past the immigration officer with a sorry,
contrived tale of woe, misery and persecution.
He’s sitting in the hall wondering how he’s going to get by when he
feels a light tug at the leg of his pyjamas and
looks down to see a tiny man with large ears and a pointy hat.
“Who are you?” says Ahmed.
The little man replies “I’m the immigration fairy”.
“As the one thousandth sorry case to blag his way into the U.K. today I
can grant you three wishes.”
Ahmed can’t believe his luck but ponders on his choices for a moment
and says “OK”,
“First of all I’d like to be wealthy beyond anything I could have made
back in my homeland.”
The fairy claps his hands and says “It is done”
Ahmed finds he has a state benefits book in his hands. Ahmed goes on to
say “Thank you kind fairy”,
“Now I’d like to live for free in a wonderful home grander than
anything I could have built out of mud back home”
The fairy claps his hands and says “It is done.”
Ahmed finds he’s holding the keys to a five bedroomed council house in
Bradford.
Ahmed can’t believe his luck but thinks his next choice will be the
clincher to beat his wildest fantasies.
“Fairy,” he says “I want to fit in and be treated like I’ve lived here
all my life”.
“Make me an Englishman.”
The fairy claps his hands and says “It is done”
Ahmed finds he’s white skinned, blonde haired and dressed in a
pinstripe suit, with an umbrella
But the house keys and his benefit book have disappeared.
Dismayed he asks the fairy “What happened to my other wonderful gifts?”
The fairy replies “Well, Sunshine”.
“If you want to live like a white Englishman in the U.K.”
Then you’re entitled to
Fuck All.”
That sums up exactly how I feel at the mo. ‘Cept you don’t have to be white to be an Englishman in my book. But you do have to do more than turn up at the airport.
““Fairy,” he says “I want to fit in and be treated like I’ve lived here
all my life”.”
the fairy should have interjected and said, DONE, you live in fucking Bradford!!!
or perhaps he would have preferred Leicester.
Always nice to hear those old Mosleyite jokes recycled.
Yep. Totally missed the “PC” courses, me.
How VERY undiverse of you BW……
hey up theres nought wrong wi bradford…av lived here all mi life and its grand.
And stock up on ammunition ?
Is that a gun in your pocket or do you just live in a 14 year old’s fantasy world?
Yeah, you only get economic collapse and civil war in fantasyland – nothing like that ever happens in real life.
iF yOU dON’T pAY tAX yOU wONT gET a tAX cUT
Bugger.
After paying a small fortune to fill my car up at the pumps I am livid.
Ah well. At least now that we are beginning to see what a scam AGW/MMCC really is, I look forward to a large libel claim courtesy of the green meanies and loud-mouth vote-hungry politicians.
failing that we may see a rapid rewrite of the libel laws to cover their collective arses from a class action.
Gotta get the Bank of England to lower interest rates to keep down inflation!!!
Whoops…forgot they are only at half a percent!!!
Oh dear what do I do now? Maybe Mandy will know?
What? That’d be a bloody first!
Gordon seems to have ignored the pioneering work done by the Weimar Republic in the 1930′s in the area of ‘quantitative easing’.
There were one or two unwanted side effects, notably hyper-inflation, genocide and a world war . . . . .
1920s you mean. And the famous Weimar inflation had its roots in the Kaiser’s government printing money to pay for the war rather than taxing those who could afford to pay – whoops!
Regarding genocide – what do you think blaming the mechant banks [Ooohh, I dunno - say Goldman Sachs] rather than his own fuckwitted economic policy is all about?
“Merchant banks” have a significant moral debt – maybe a legally binding one too. Obama can do it so why can’t Bruin?
+++GOVERNMENT BANS BINGE SPENDING+++
Party political promotions that encourage binge spending will be banned within months in a government retreat from its policy of liberalising national budgetting.
Chancellors face fines of up to £20 or up to six months in the Northern Ireland Office for offers such as “All we can spend for ever” or “Free scooters for women under 25”.
“Shit” said Campbell, “Brown told me this wouldn’t happen until after the election” “You believe what he tells you?” Qeried The Cabinet in chorus.
My polster suggests that I should increase my secret slush fund as a consequence
DON’T YOU UNDERSTAND?
WE MUST STRIP ALL VALUE AND QUALITY FROM GOODS AND SERVICES TO MAXIMISE OUR PROFITS
IF YOU DON’T LIKE IT DON’T BUY IT SUCKERS
YOU FUCKING MUGS
Rant, rant, rant!!!
Eh? It’s the state that EXTORTS money and gives no value in return. In fact it generally persecutes those who it extorts the most tax from.
I’VE COVERED THAT ONE – PLEASE SEE COMMENT BELOW
THANK YOU
who wants to play with my ding-a-ling?
I bet the Tories really can’t wait to take over – after all, it’s their system that’s going wrong.
Quite so. The Tories have been in power for the last 13 years – it’s almost worth voting ‘em back in to sort out the mess they created…. hold on…
Exactly.
Because it’s all Thatcher’s fault, innit? Those voices in the Gorgon’s head that told him to wreck the supervision of banks, sell half our gold and piss our money up the wall weren’t his dead dad or the Tooth Fairy, they were Margaret’s.
It’s all clear to me now. I thought the Imbecile was a dangerous incompetent: I now see it’s the fault of a party that’s been out of power for nearly thirteen years.
well sdThat figure almost gaurantees a 1/4 point on interest rates and maybe1/2 but the cpi will level back to 2% within a quarter.
In the meantime here is a hot little tip for you. Cinpart (cinp). I paid 10p they are 18 now and I forecast 25p by end of this week or early next. look at the energy leveller business. This will be 50p before end of may
Fortunately none of this matters as I will soon have a very well paid and none too strenuous job with the IMF or similar. It’ll probably mean jetting all around the world, eating superb food and hob nobbing with plenty of heads of state. Oh, and a massive, index linked pension.
Hope you are all happy for me.
A Gurkha will slit your throat first, you sick marxist turd
You’d beter hava generator to power your DVD because with the rolling blackouts caused by our inability to pay for imported gas you’ll only be able to watch ‘em two hours a day.
Gas powered DVDs ?? – Now that might catch on!
Or do you know something we don’t?
“growth”* 0.3%
“Inflation”# 2.9%
*Growth needed 200 billion in borrowing so it’s more like -10%
#Inflation is always higher than the government stats due to fiddles they do with the “basket”.
DON’T YOU UNDERSTAND?
WE MUST STRIP ALL VALUE AND QUALITY FROM GOODS AND SERVICES TO MAXIMISE OUR TAX TAKE TO PAY FOR OUR PENSIONS AND WAGES AND BONUSES
IF YOU DON’T LIKE IT TOUGH BECAUSE WE WILL LOCK YOU UP IF YOU DON’T PAY US OUR FUCKING MONEY
YOU FUCKING MUGS
Great!
I **LOVE** inflation!
It eats away my mortgage liabilities like nothing else!
Low inflation sucks.
Regards,
Tom
Only if your wages go up fast enough so that your income post (inflated) essentials costs can exceed your increased interest rate motgage repayments.
Think stagflation, and start shitting yourself.
Labour leave the nation with rampant inflation, rising unemploymnent and a spiralling debt crisis.
whats new.
BTW – I have just come back from 2 weeks in Teneriffe (where the exchange rate encourages you to spend most of your time in the supermarket and eating in) and find petrol has skyrocketed in my absence.
find petrol has skyrocketed in my absence.
Shhh – that’s meant to be a secret. The media aren’t interested.
Today I went to the Job Centre Plus for the first time in 29 years – 1981 was the last time.
Impressions?
A local drug dealer was parked across the entrance road,crappy souped up Toyota car with go faster stripes,engine running – maybe waiting for his bro’ signing on inside?
Very poor signage,thought I was going in to the wrong office,pushed open a heavy door (bullet proof?).
Very hot office – low lighting,virtually silence across the entire room.Complete lack of any energy – nothing happens in this room,it appears.
A bloke who looked like a Ford car salesman with his blue anorak, standing at some kind of lectern,the same they have at a Pizza Hut (couldn’t see the PH logo on the front,perhaps it was professionally removed as a job lot?).
Told him this was my first time in 29 years – that got a grunt.
He gave me a single sheet of paper and ringed an 0800 number on it with his pen – Samaritans?
I have to call this number and then get an appointment to come back to the office for a meeting.
There were four large computer screens,the type they have in a museum to check out the history of the exhibit.The only exhibits here were poor sods trying to find a job on the database.
So a large southern town of +100,000 citizens and we get 4 screens to use?
No wonder Brown wants to give them all free broadband – they can then find the millions of green jobs he is “creating” without having to bother the Job Centre Plus staff.
The way things are going,they will have to have a Job Centre Plus ++ for each letter of the alphabet (I suppose x,y,z could share one).
Overall,very depressing,very sobering and hopefully I won’t be going back for another 29 years,when I am 76 years old and looking for another job to help supplement the grotty ruined pension that Brown and his thugs have pilfered.
Meanwhile,I can hear the Hoon himself on the TV in the background,lying his way through the Chilcott Enquiry – he doesn’t need to visit a job centre,he stole all our money for his housing empire.
C*unt.
what? and no security to get past to get in???? round here’s there’s 3 security guards on the door and there’s no way past them…..even to sign on!!!WTF
good luck getting anyone (other than a computer) to answer that phone call as well.
Terrible and I believe every word.
Mind you, you’re lucky.
The largest town in our district, Bishop’s Stortford, let our Centre go 3 years ago. The town currently 36,000 people soon to be close to 50,000 after the Executive signed off developing 4 Areas of Special Restraint for cheap housing in the worst housing downturn in 40 years.
Still these nincompoops who are elected know best even though most have never done a days work in their lives (not true – one is a part time Tast Master ffs).
Oh and by the way they claim to be Tories. They are in fact self righteous money grabbing selfish self centred troughers
hmm.. as I am limited to three comments per post I better use my rations wisely:
we are caught in a double pincer movement between the government ripping us off, the bankers ripping us off, the unions ripping us off and now the retailers ripping us off.
it is almost as if they have no faith in the capitalist system they promote and are money grabbing before the whole thing goes tits up.
the only way forward I can see is the immediate and full re-instatement of all clauses (apart from the racist one) of the Magna Carta but with a few extra clauses to bring the document up to date to protect the people of these Isles.
instead of 25 barons we should have 25 good citizens with no affiliation to any political parties to overlook the implementation of the document.
I propose it be called the Peoples’ Charter.
all that is left to do is to debate what the additional clauses should be.
as we have the Church of England as the institutional religion we have no fear of our will being nullified by the Pope and the document would ofcourse over-rule any and all EU regulations, laws and fines.
let us begin the debate of the contents document that well protect us and our rights as Freemen from attack.
Fuck me, the medication seems to be working.
Tea, milk, two sugars, and make it snappy.
Quite right tat – if only! I’m afraid the country’s become too corrupt, too infiltrated, and too enslaved to the god money.
We have seen inflation in te stock market in 2009. The market is overpriced as one look at the globa situation will reveal. Mind you people had to put their money somewhere because you won’t get any interest anywhere else.
Having been through all this shit once before in the 70′s I am amazed that we are back to square one compliments of the Labour parteh.
The handover will occur at about the same time of the cycle as well so having lived the life of riley for 13 years Labour sneak off and leave the Tories with a huge fiscal disaster about to strike,all the big decisons to make and and all the bad news. No doubt though when it all happens as it will all those who voted Labour will blame the Tories YET AGAIN and the same cycle will continue until the system is almost repaired by the Tories and then they will vote fucking Labour again to fuck it all up.
Labour over the last 12 months have done this intentionally to ensure the situation is as difficult to handle by a new government as possible. I cannot express what I want to do to these bastards now they fucked up my country again.
BASTARDS
I can express it…. they should all be killed.
Socialism should only be for Socialists to put up with.
Things have changed since the late 70′s. They won’t get away with it, this time… Oh, sure, they’ll try, but nobody but the most brainwashed will ever see Labour as the ‘good guys’ again. Too much hatred.
As a first step the Tories could, of course, stop giving government money to the unions for “modernisation”. All the unions do is recycle it to Labour. Something like that would be easy to introduce as part of the cuts and would stop the indirect state subsidy that the Socialists enjoy.
Hmmm – what I can’t figure is why Cameron wants to win the election. The beeb will have a field day when inflation, interest rates and unemployment go up. Brown will (from his sinecure in the IMF) pontificate about how this wouldn’t have happened if he had been in charge. Ed Balls, if he is still an MP, will be spitting his usual bile across the despatch box.
Cameron either has balls like melons or is slightly daft.
I hope Labour win with a majority of 2, are propped up by the LibDumbs, Brown remains PM and in 18 months time the whole house of cards comes tumbling down and Labour ceases to exist.
They fuck up every time – it just took longer this time around.
It has taken longer because every single spineless *astard in the HoC has sat on their hands and watched it get to the point of no return. Generations *ucked, millions
driven into hardship (at best) – and for what? Some dum arse *uckwits failed ideology. Nothing short of street protests will end it now.
Brown in the IMF? – is that not like the lunatics being in charge of the asylum?
There’s no way the IMF would give a job to the guy in change of the next county of their intervention list – especially not when it’s the world’s 4th largest economy and could stretch the IMF itself to breaking point.
Or will Gordoom manage to fuck up the whole world’s financial stability mechanisms as much as he has done to this country?
I am coming round to the idea that Cameron should deliberately lose this election.
+Applauds+
Its the only sane way, let the evil Marxist eat his own shite for 2 more years so Liebour is no longer an alternative, ever again.
Then the election outcome will be certain and the government then elected will have 20 years to correct the sabotage.
someone has to rise to the occasion,this can be a great country again ,at least a whole generation of under 30′s will now realise how fucking dangerous socialism really is and how fucking useless labour mps …oh I can’t be bothered you know what I mean and if you don’t then get some help
And yet the pound rose. Obviously the FX traders are expecting Sterling to imminently embark on a death spiral to worthlessness.
Anticipating that interest rates will rise to counter inflation perhaps?
I wouldn’t bet on it.
Of course that’s what they’re doing. But they certainly don’t think that the interest rate hikes they’re anticipating will FAIL to counter inflationary concerns, do they?
Of course not. They think that interest rate hikes will curb inflation. The mistake they’re making is that there will be any interest rate hikes at all.
Inflation could get to 20%, Brown could be printing 2,000 billion a year instead of a mere 200bn quid a year. The unions could be demanding (and getting) 20% payrises paid for with printed money as pioneered by Comrade Bob but Brown wouldn’t raise interest rates.
He’s going to wipe out everybodies debts with printed money and begger the savers and pensioners as has happened in incompetently run economies such as Argentina, Zimbabwe, the USSR (since the fall of the wall) and the Weimar Republic.
And I think there is actually no politically ‘safe’ option left put to actually do that and I’m afraid that he Tories will simply continue down this track because the damage is already irreparable.
Welcome to Zimbabwe!
That description is bloody close to what killed their economy over the last 5 years. Their leader also managed to get himself re-elected during that period, what bets on Liebour using the same tactics as Mugabe to achieve the same result?
Argentina and Zimbabwe, maybe, but if you think that’s what happened in post-communist Russia, and even more so in the Wiemar, you need to swat up.
Meantime, this is nothing like Argentina and Zimbabwe. Nothing at all.
Bear in mind, inflation is only at 2.9% and during Thatcher’s years it was never below 4.5% and spend alot of time above 10%.
And that wasn’t so bad. Don’t remember people keeping their houses warm by burning worthless notes then.
Decided to write about this here: http://j.mp/51zclm
Well of course they are not going to go up. I’ve spoken to Keynes’ ghost and we would be mad to raise interest rates in the middle of a recession!
Hey ho, hey ho its spend, spend, spend we go out of recession. Inflation will look after itself.
Oh, I am mad but that’s another matter.
Economists, who had expected a rate of 2.4%, scrambled to re-write their 2010 forecasts on inflation and rates. Simon W, an economist at xxxxxx, who has a track record of going against the grain and sometimes calling it right was, even before today’s figures, suggesting the first rate rise might be as early as March.
Meanwhile money markets instantly reflected a bigger chance of a rate rise in 2010.
>>>>Ray Mears’
Get sixty million people trying to live off the land and see what happens.
I’ve a couple of months worth of food and water tucked away – I’m going to sit tight, wait for you motherfuckers to starve/freeze, then I’m going to come out and start my master race.
Inflation, whose bothered. We’ve got more business facilitating Kraft’s takeover of Cadburys. Consultancy fees, credit arrangement fees can’t you see it this tear’s bonuses are mounting up!!! Loadsa money!
Oh I do love globalisation!
Not only will people be using £20 notes to wipe their arses, Brown will be using YOUR £20 note to wipe his arse.
And what’s even worse is, you won’t get a chance to use it first.
Cadburys gone down the drain. Bought on debt, who will lose out? The workers here of course!
I have profound sympathy for the Cadbury workers who may lose their jobs as a consequence of this deal.
No smart remarks, just sadness.
Suck my balls snooty English twats.
We’ve got shitloads of actual gold left in the ground, we never went into recession, our banks didn’t fail, our dollars will soon tower over your puny pound and Rupert will buy the BBC soon.
However I note that in a change with recent tradition, for the series against Bangladesh, the captain of the England cricket team will actually have been born in England.
There may be hope yet
How is the Abo child sex abuse scandal progressing?
Not at the same level as Britain with Baby P and those 11 years old brothers who raped and tortured those kittle kids.
Now, if your daughter wants a job as a bikini waitress, send a pic and a CV. There’s a good lad.
And despite all this, 30% of the thick-as-sh!t population will continue to vote for this moron.
I despair, I truly despair.
If there were any common sense about, Labour would be in opposition for 100 years.
We are not having anything about this inflation headline on WatO, we are talking about listening to Elgar for school detention!!
‘Disaster Response Team Heads to UK‘
A specialist Disaster Response team is flying into the UK today, as British Government departments struggle to cope with an impending financial disaster.
The emergency team has been provided by Zimbabwean President Robert Mugabe following a desperate plea by Prime Minister Gollum Brown for aid from his international socialist comrades.
In his next budget,will Chancellor Darling tell the truth about the deficit
(forecast at £178billions but very likely to be topside of £220 billions ) or is it possible that he will fiddle the figures.
If he chooses fiddling,will it be wise for the tories to reveal the dodgy accounting when they arrive in office ?
Don’t forget the billions we owe on PFI.
I cannot afford to be a socialist
I personally think we should *ALL* vote Labour. Especially those who really want the Conservatives in.
That way, none of the blame for this impending disaster can be apportioned to the Tories. And Labour will have to either try and fool the public for another couple of years, or admit that this was their fault, and that they attempted the scorched earth policy.
I don’t think Cameron would really want to take all of this on, surely?
That’s really impressive McBust – a 53% increase in just one month. We can always rely on you to screw up everything so spectacularly.
And some government-apologist cnut on R4 Today tried to blame the December rise in inflation on the VAT increase …. which came on 1st January …
yes they really do think we are that stupid.
It is certainly valid to say that retaillers didn’t discount as much last month as they did in December ’08. In 08 no-one was spending because of the lack of confidence and the forthcoming VAT cut, whereas in ’09 people wanted to spend more in anticipation of the VAT rise.
So yes, the VAT increase (or the prospect of it) drove demand this December, and therefore there was less discounting compared to last year.
“Bear in mind, inflation is only at 2.9% and during Thatcher’s years it was never below 4.5% and spend alot of time above 10%. ”
Globalisation wasn’t what it was now. Getting many DVD players, phones, TVs, etc going down in price month on month back in Thatcher’s days ? Nope. That’s Brown’s miracle – globalisation making stuff cheaper.
********************BROWN SAVES JOBS********************
Gordon Brown moved to reassure Cadbury’s workers that their jobs are safe….
later today, the BBC reported that
“Cadbury’s chairman has confirmed to the BBC that job losses are an “inevitability” ”
http://news.bbc.co.uk/1/hi/business/8468540.stm
I notice Brown has pledged 30 million Euro – or is it 32 million dollars ?
It sure as heck isn’t pound notes, the Haitians have suffered enough without our funny money being sent out there.
So BoE prints lots of money and suddenly pounds sterling doesn’t buy as much as it used to…who would have thought?
prudence brown used to call it..what a wanker
They have been artificially supressing the interests rates for years, there is a huge shitstorm coming as a consequence.
This f*king government is rotting from the inside out and the idea that Cameron represents a departure from the corrosive bile of Blair is a special kind of mass delusion and naivety.
***
…Andy Dufresne: Forget that… there are places in this world that aren’t made out of stone. That there’s something inside… that they can’t get to, that they can’t touch. That’s yours.
Red: What’re you talking about?
Andy Dufresne: Hope.
Red: Let me tell you something my friend. Hope is a dangerous thing. Hope can drive a man insane.
Andy Dufresne: [in letter to Red] Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies.
***
I haven’t given up on hoping that this country and this democracy can be vivified from lifesupport status, but we need real not cosmetic change and that will come alot harder than just voting out Labour. It’s a start, but here’s to hoping it leads somewhere..
^Said ‘Blair’, meant Blair and Brown (and the whole lot of course)
Baked beans are now expensive!
I remember when they were being sold for 9p a can – now that was uplifting (the blankets, of course!)
I think that this, topped off with Mervyn King’s comments and today’s unemployment figures on top mean a March election is pretty much dead and maybe even a May election.
Inflation, interest rates, credit ratings and unemployment. June election?
OK so unemployment wasn’t as bad as predicted, the rest of my comments still stand
Not that I’m wishing to suggest that the economy isn’t fucked, you understand, but I’m not sure I buy into this idea that inflation is about to get out of control. Given that no-one is getting pay rises at the moment, shouldn’t that help to keep a lid on inflation?
Mind you, I guess that depends on how much more QE we see. If they do much more of it, then maybe things could indeed get nasty.
Only a matter of time before it gets to the American shores too. People here had better get ready. Get out of as much debt as possible.