June 28th, 2010

Those Massive Spending Cuts in Full

Listening to the BBC or reading left-wing newspapers and blogs would lead you to think we were about to suffer shock-doctrine economics at the hands of the Coalition requiring martial law to enforce.  The fact is that at the end of this parliament government spending will be up another 9%.

The public sector is merely looking at below inflation spending increases, but increases nevertheless. There are not going to be across the board spending cuts, there is going to be a re-prioritisation of resources, with slower overall spending growth. George Osborne is no Pinochet…

Incidentally it could be worse, in Obama’s United Soviets of America the White House is planning (Brown-style) to maintain 10% deficit financing next year. Within a generation the White House itself is predicting a 25% deficit. Which means Greek style bankruptcy…


  1. 1
    Gorgon says:

    Didn’t England do well last night?

  2. 2
    pmt008 says:

    And yet Obama praises our budget! This just proves that no one really knows how to deal with the financial issue and it is all guesswork, whichever way we do it. But at least it’s something to throw at the Labour whiners whenever they quote Obama now!

  3. 3

    Jeff Randall highlighted this a few minutes after Osborne had read out the budget.

    But there was also another fact hidden in the budget that no one has picked up on. To date after adjustments, the taxpayer has only given 2 billion pounds to the banks and within a couple of years the government expects to make 20-40 times that in a sell off.

  4. 4
    Frank, Duchess of Birkenhead says:

    What does Obama know about anything?. He’s a man who has few peers – except at his cue cards every 15 seconds

  5. 5
    Sarah Tweet says:

    is determined to be in a positive mood – so let’s all cheer for Andy Murray – as a Scot, he is British: it is not at all complicated.

  6. 6
    Wavy Davy says:

    so what happened to the 25% across the departments cuts Cameron and Osborne promised ? Were they just an ‘aspiration’ ?

  7. 7
    Peasant says:

    You are not looking at the right figures.

    Private healthcare spending is currently 1/6 of all healthcare spending and has been so for two decades. Lansley wants to change that. To kick start this reduction from 5/6 health spending by the state he is privatising the NHS. The first act is to move £80bn of spending decisions (commissioning) away from publicly accountable bodies to unaccountable private companies who are able to commission themselves. This has even worried the Treasury who say that there must be public accountability on such large amounts of money and have stalled the plan. Expect there to be some early retirements at the Treasury when Lansley tried again to get his plan approved.

    The next phase is to “invite-in the private sector” into hospitals. That is, replace services by publicly accountable bodies with services from non-accountable bodies. NHS hospitals will not have the choice, neither will local communities and there will be no competitive tendering. The services will simply be privatised.

    These two actions will effectively move healthcare from the public sector to the private sector taking £100bn of money with it.

  8. 8
    Annie Trev says:

    IDS statements denounced by leftwingers this morning infuriating. Osborne has already started prog of regional incentives for business to come to north- but you would have never known it from mr humphries interviewing on R4 today.

  9. 9
    Tessa Tickles says:

    They were a cast-iron guarantee and as such disappeared with the early morning mist.

  10. 10
    More Bollocks says:

    Stop the Con-Dem cu n ts

  11. 11
  12. 12
    Anonymous says:

    “Which means Greek style bankruptcy”

    As you keep hoping.

  13. 13
    Tessa Tickles says:

    I don’t recall ever meeting a Scot who accepts that they’re also ‘British’. It has always been, unequivocally, ‘Scottish, NOT British.”

  14. 14
    Ringfenced says:

    The NHS is ringfenced from spending cuts.

    It’s settled Policy as Mad Nads found out when she tried to embarrass Cameron by questioning it.

    And even more certain is that it won’t be privatised any decade soon.
    Lansley can try as many hare-brained schemes as he likes, Blair tried more than a few for the NHS in his time and they fared no better.

    Long before anyone could ‘phase’ the biggest employer in the Europe into the private sector without anyone somehow noticing, the Liberals would dissolve the coalition and force an election.

    Not that Dave would allow it either which is why he ringfenced the NHS from spending cuts when even the Liberals thought they could cut some of it.

  15. 15
    "Anyone but England" Andy Murray 2006 says:

    As Murray does not like the English, why should the English cheer for Murray?

  16. 16
    Sir Reginald Titbrain says:

    They are waiting to return home as soon as the defence can be found.

  17. 17
    WMD says:

    He had to throw Cameron some small scrap of comfort after bending him over in his helicopter and sealing the ‘special relationship’ by showing him who’s boss.

    I’m sure the condescending praise of his master will keep Cameron going in the many days, months and years to come as the dead troops and mutilated bodies pile up from Afghanistan because Dave’s far too big a wimp to stand up to Obama on the War just like Brown before him.

  18. 18
    My Moniker's gone says:

    I tried to write the word joke today, but my dyslexia keeps making me spell it ‘England’

  19. 19
    fritz says:

    don’t. find a german player to cheer for

  20. 20
    Herr Balls says:

    Ja soon ve vill do avay vith this Britisher talk, there is no such thing as Britain, Inglishers or Scottishers but my gud friend Herr Kinnochio tells me of this vonderfull place called Valesland vhere everything is paid for by taxpayers of another country, this sounds like a true utopia!

  21. 21
    Gordon Brown says:

    England team are flying into Glasgow airport for a Heroes welcome. There is an open top bus set up for them and a parade around George Square. Its going to be amazing!!!! Well done boys!!!!!!

  22. 22
    Herr Balls says:

    Don’t I look gud? Vhy there ist nothing to stop me from becoming Der Führer now!

  23. 23
    Sir Reginald Titbrain says:

    Mediocrity oozing from every pore.

    Labour has always been unable to differentiate between institutions and fabric.

    Crap education- build a new school. Result? Crap education in an expensive new building.

    Eton’s an effing disgrace, expecting kids to learn in that clapped out old shell. and Oxford is bound to fail soon; some of the buildings are medieval, FFS.

  24. 24
    White House itself is predicting a 25% deficit. Which means Greek style bankruptcy… says:

    yeah, as if the US will go bankrupt.
    and the seas will boil and the dead shall rise from their graves.. blah blah blah
    never going to happen

  25. 25
    Sir Reginald Titbrain says:

    They were let down by the infrastructure. They need a new training centre. That’s all.

  26. 26
    Senator Bloodn' Gore says:

    The US is entering a period which is showing all the signs of Deflation the next step being a full blown Depression. The US $1.75 Trillion injection of Quantative Easing or Zimbabwean economic policy (as some of us prefer to call it) has been sucked in by the market and now it’s finished prices are falling, retail sales are significantly down, house sales have fallen off a cliff and unemployment is rising quickly and significantly. If the US Feds cannot agree then the US is in big trouble – The US economy needs a further $2 Trillion of QE just to keep it afloat and if this doesn’t happen, no matter what Gideon does, we’re all in deep s**t. We’d all better start praying that Comrade O’Barmy gets this measure through. And who sold our GOLD and for what? Oh yes, that would be Gordung.

  27. 27
    Osama the Nazarene says:

    He knows that BP is short for BRITISH Petroleum!

  28. 28
    it's deja vu all over again says:

    tha’ts almost as funny as the first fice times you posted it
    you a very funny guy! hee hee hee

  29. 29
    Oh Please sir!! Can I fly in your wonderful helicopter!!! WHEEEEEE!!! says:

    He knows Cameron is his little bitch.

  30. 30
    ABM says:

    Anyone But Murray

  31. 31
    Senator Bloodn' Gore says:

    And further investment without the handicap of ring fencing.

  32. 32
    Mediocrity oozing from every pore. says:

    yer not wrong titbrain! lol

  33. 33
    Infanta of Castile says:

    Yes indeed. Looking at Ricky Ponting, it would take a heart of stone not to laugh.

  34. 34

    My support is for Roddick and has been for the last few slam tournaments.

  35. 35
    Mr Chips says:

    Never understood the current thinking that a new school building makes for a better education than in an old school building.

  36. 36
    Osama the Nazarene says:

    Really, but brown Jonah and all those economically illiterate liebor politicians claimed that the deficit is so high because they had to save the world, I mean the banks, and it was nothing to do with any overspending binge they might have gone on in the last 10 years. Well well well liebor lied.

  37. 37
    Osama the Nazarene says:

    But they will anyway because the English are more forgiving and besides enjoy the reflected glory (or feel-good factor if you are a pressman, oink oink).

  38. 38
    because...... ? says:


  39. 39
    Reevo says:

    Healthcare privatisation is a known Tory wet dream.

    Tory (Coalitions) butchering of soft welfare targets, and strutting on yer bike politics whilst pussy footing the really hard cuts in Whitehall will ensure a resulting crime wave over the next few years.

    Therefore, expect to be mugged by unhealthy wheezing beggar in the not too distant future.

    You could quote a few facts and figures while spitting blood; you never know it might make all the difference.

  40. 40
    Grammar School Boy says:

    O’Drama? A much over promoted college lecturer with a college lecturer’s grip of lefty leaning fiscal reality.

    The Peter Principle personified.

    Dave ought to have invited him for the customary 7 mile run and early morning dip in the lake. A Spartan time at Eton is exactly what we need to have in our Prime Ministers!

  41. 41
    RT says:

    How does US spending imply Greek style bankruptcy? They hold the world’s reserve currency. The Greeks don’t.

  42. 42
    Can't remember my moniker says:


  43. 43
    My Vote Never Counts says:

    BBC up to their usual tricks on Toady this morning.

    Listen to the 8am headline – if you can get it yet on i-player.

    The headline said ‘GO is planning to cut disability benefits…..’

    Later on, in the full version of the story, they said that the plan was actually to reduce the number of people on the benefit (i.e. remove those recipients who are fit for work)


  44. 44
    Ringfenced says:

    and a wet dream is all it ever will be

  45. 45
    The Ape Man Commeth says:

    Those at the BBC are such bad losers, I doubt they’ll ever forgive Cameron for beating them. They never forgave Thatcher, not only for winning and saving the country from moral and financial bankruptcy, but for being a woman PM. That, in their eyes, was totally unforgivable! simply because it is the Labour party, and only the labour party, that stands for fairness and equality.

  46. 46
    Anonymous says:

    You’ve never been to Ibrox I presume?

  47. 47
    herewegoagain says:

    What about QE? surely that was give to the banks as well?

  48. 48
    marcus aurelius says:

    I voted for swinging cuts. Where are they?

  49. 49
    Anonymous says:

    Don’t be too sure, they want to let their friends make lots of money, as per Maggie’s first term.
    Result would be worse service, 30% plus of people with no access to care, and extortionate costs – just like the system in the US that Obama is trying to rectify.

  50. 50
    Komich the Tiger says:

    That is an excellent progressive point Titty

  51. 51
    Cassandra King says:

    Oh yes and finance said new building by PFI paying back loan shark rates of interest for years making some carpet baggers very rich and able to charge hundreds of pounds to change a f*cking lightbulb and meanwhile the perfectly good old school is replaced with crappy rabbit hutch dwellings built by developers handing out brown envelopes to politicians on the make, it all makes perfect sense if you have the morals of a sewer rat.

  52. 52
    Tessa Tickles says:

    This is why I never, ever, bother with the BBC news. Basically the broadcasting division of the Labour Parasite Party.

  53. 53
    Johnny says says:

    That sounds like the money we haven’t got from Iceland.

    What are the adjustment? The Treasury usually ignore the money paid to the banks during taxpayer underwritten rights issue claiming it is going to be reimbursed when our stakes in the banks are sold. However, the money still had to be borrowed to intervene and we are paying the interest on it.

  54. 54
    jgm2 says:

    It doesn’t. But then they spent years whining about leaky school roofs – years when they, Labour, ran practically every council in the country and therefore were responsible for putting a few slates on the roof but no – chose instead to deliberately not spend a few quid so they could whine about ‘ancient infrastructure’. Oh, woe is me, the roof is leaking and it’s all Thatcher’s fault. No ‘investment’ you see.

    Meanwhile my kids are going to ST Cakes in buildings 100 and 200 years old.

    Of course every single one of the Labour council cu*nts got their allowances and their brother-in-law got the maintenance contract for the school it’s just they didn’t actually fix the fucking thing.

    When they got into power Labour simply squandered a fortune in PFI to build new glass and steel hospitals and schools, kept all that spending off balance sheet and then gave everybody hefty payrises on the never-never – hence the massive structural deficit.

    And then, just to really rub our noses in it they claimed that the structural deficit was all one-off infrastructure spending. A complete lie. All the infrastructure spending was done on PFI. The structural deficit was caused by a massive public sector recruitment binge and record pay-rises for all.

    Hence now that we’re in a recession we cannot simply stop building new infrastructure and save a few quid. The infrastructure spending was never included in Brown’s 3% and 4% deficits even in the boom years. It was all just borrowing to make the massively expanded payroll.


  55. 55
    Yo Blair! says:

    A sycophantic British PM toadying up to a useless US President? Surely not.

  56. 56
    Cassandrina says:

    Utter balls and a nodding dog

  57. 57
    Budgie says:

    Get a grip. QE was the Bank of England (a dept of government) printing money which it used to buy UK Government’s (Brown’s) debt.

    Worse the retail banks (Barclay’s etc) have been forced to deposit more of their capital with the Bank of England which then has been … used to buy UK Government’s (Brown’s) debt.

  58. 58
    IDS' pate says:

    Anyone see the Toenails ‘Question Time’ thing with Dave and Clegg? Every chippy public sector Hoon crying about banks. Bet they were happy with banks when they were taking out loans for holidays and living on a nice fat overdraft. Idiots.

  59. 59
    Cassandra King says:


    Who thought the coalition were going to cut the waste and get the nations finances back on track?
    The aim is to protect the nonjob quango useless mouth parasite culture and sustain this cancer by borrowing ever greater sums of money from ultra rich bankers who then call the shots.
    Its a win win situation, the bankers and finaciers get even richer and even more powerful and the political classes get richer and even more powerful…er…uhm…well thats it really but at least the prole scum can feel the satisfaction that the rich are getting richer and what about the trickle down effect eh? All those mega rich people will need lots of servants to look after them so its a win win win situation innit?

  60. 60
    jgm2 says:

    They’re not being paid enough. Just like MPs, nurses, council workers and diversity outreach workers then if we want the best we must be prepared to pay for the best.

    I think if we simply increase footballer’s salaries then we’ll see a vast improvement. And also build them a new stadium. You can’t expect them to produce good football at the old Wembley. What they need is a 700 million quid new stadium.

    A new stadium and better wages. Then you’ll see England win the World Cup.

    Just as new schools and more pay for teachers has given us a a state school-educated population that is the envy of the world. Just ask Diane Abbott. Why if her child was just starting school in her constituency she’d be spoiled for choice about which school to send him to now.

    The new schools and the improved pay for teachers has completely transformed the parents and pupils.

  61. 61
    Tessa Tickles says:

    Never heard of it, let alone been there.

  62. 62
    Gordon Brown says:

    I too am a Scot and British, which is how I have been able to be the most benevolent Prime Minister in history for all who live in our great progressive nation (as well as the rest of the World, which I have saved from the Americans by abolishing boom and bust).

    I know I can trust in the support of voters so that I can get on with the big job of Government while hiding in the dacha that you have paid for at the bottom of my garden.

    My parents gave me a moral compass.

    Thank you and goodbye.

  63. 63
    jgm2 says:

    They hold the world’s reserve currency only for so long as the rest of us believe or pretend to believe it has any value.

  64. 64
    Budgie says:

    Sir Trev, I think you will find that the government’s costs (ie our costs) for the banks’ bailouts have been £130 billion, not £2 billion. Also I understand that the backing for the banks leaves the government (ie us) exposed to a further £850 billion of guarantees – hopefully never needed.

  65. 65
    Danny Alexander says:

    After seeing the match yesterday George Osborne has decided that the England team are entitled to keep their Incapacity Benefits!

  66. 66
    jgm2 says:

    Obama is going to be rectifying it the same way Obama is cleaning up the oil spill in the Gulf. By blaming companies for not contributing ‘enough’ and then plundering all their money.

    Money they don’t need to actually run their business obviously. Just the oodles of ‘magic’ money that companies keep lying around for no particular reason. That’s the ‘magic’ money he’ll be using to set up a US ‘National’ Health Service. Won’t cost the tax-payer a penny. Fuck no. All the money will just come from private business.

    Why didn’t we think of that before?

  67. 67
    Sir Everard Digby says:

    There is no such thing as losing,only delayed success. Nasty people going on about winners and losers. We should all turn out and salute our lads’ delayed success at once.

    If you spot anyone doing this,please pin a piece of paper containing the following words onto them:

    ‘Certified Fuckwit Please Remove’.

  68. 68
    The Ape Man Commeth says:

    Ah, but ‘Never mind the quality, feel the width’, or in their case never mind the quality see how much we are spending. With the left appearances are everything, never mind its substance or its effect, just, how do we/it look and/or sound.
    Look at the unions, during the 20th century they banged-on continuously about equality and fair distribution of wealth and power, but their bosses were always men, and never ‘shared’ those top jobs once they got them.

  69. 69

    I thought that too Budgie, however it transpires that it has been over-estimated by a huge amount and, with adjustment came to about 2 billion. I wish I could find a link, I’ll keep looking.

  70. 70
    jgm2 says:

    Support Andy Murray?

    I think he has all the support he needs from his own monstrous ego.

  71. 71
    Mike Newland says:

    At the end of the five year master plan, taxes will be up, government debt will be approaching a year’s national output and the interest on it around £70bn a year

    Is this a scenario for an economically reborn and prosperous Britain?

    Politicians have cleverly focused on the deficit with an implication that, once bridged, the sunlit uplands will lie at our feet.

  72. 72
    Budgie says:

    You are right, in effect they are only an ‘aspiration’.

    Only the intention to cut has been stated, the reality awaits the departmental reviews. You can be sure that the departmental managers will cut in the most painful way possible, to cause the most outrage. They have no incentive to do otherwise.

    I will be very surprised if Osborne makes even half his ‘cuts’ stick.

  73. 73
    AC1 says:

    > publicly accountable bodies to unaccountable private companies

    I think you have that backwards.

  74. 74
    Arthur Scargill, President for Life - just like Hastings Banda, President of Malawi says:

    I’m entitled to my union-sponsored flat in the Barbican. And if you suggest otherwise then you’ll be hearing from my lawyers. Who you’ll also be paying for.

  75. 75
    Cassandrina says:

    Radio 4 Toady Programme was in full swing against the new government as normal this morning, but they are finding it very difficult to find supporters who do not appear to be total loonies even with the most ignorant of audiences.
    This morning Howard, he of the LSE, was very circumspect on supporting any of the bbc’s viewpoints on the economy, and Sarah showed her berserker lefty attitude on immigration by arguing for arguing sake on totally unfounded evidence – only 5% of immigrants come from non EU countries a la FT? – absolutely ridiculous when extended families from Moslem countries would be closer to 20% of non-EU immigrants.
    Also the bbc come up with the statement ” that the city is questioning the new government’s immigration actions” – Since they do not understand the city that well, and in fact revile it – who are they really stating? No answers are given of course, but it shows how low their moral compass and integrity has fallen, and how increasingly isolated they are becoming due to their constant vitriolic support of the past corrupt and incompetent Labour government.

  76. 76

    This one on Bloomberg estimates 6 billion, but it’s 25th March, since then, as I said, I heard it had come down to 2 billion.


  77. 77
    Gordon Brown, scurrying through the kitchen while Obama is escorted safely to his car says:

    Mmm MMMmmr Obama, [huff, puff, wheeze] Mm..m… Mr Obama, if I could just have a minute….

  78. 78
    Budgie says:

    Even £130 billion, gargantuan sum though it is, shows the Labour whine that ‘it woz the banks wot done it’ (ie created the current debt of near £1 trillion) to be the lie that it is.

  79. 79
    Monty Boy says:

    Yes it is a wee bit disappointing that the Scots are quite so anti English and terrifyingly proud of it. In any other circumstance wouldn’t this attitude be considered racist?

    I reluctantly agree with Alex Salmond, First Minister and master publicist, hereafter to be referred to as ‘Wee Eck’. The time is rapidly approaching for a referendum to allow the English to decide if it might be preferable to free the Scots to set up a New Brigadoon north of the border. The end of the moaning and groaning emanating from the bekilted ones and the winding up of the Barnett Formula would be a joy to all concerned.

  80. 80
    Sir Everard Digby says:

    So let me get this straight:

    Half wits in previous administration could not add up and thought money came from a bottomless pit.

    Half wits in new administration claim that a bottomless pit of money does not exist,yet plan to spend as if it does.

    Half wits in media think denying existence of a bottomless pit means end of rampant spending.

    Previous administration rent a quotes say bottomless pit has been ‘cut’ by government, denying opportunities to population. No evidence that such opportunitieswere available when the bottomless pit was thought to exist.

    Half wits in unions – see my remarks about the media for comments.

    Sane members of the electorate say WTF is going on. No such thing as a bottomless pit and about time halfwits fucking realised it.

    Half wits in population cannot add up and would join the Labour party if they could spell. Anyway the bottomless pit must exist ‘cos the money keeps coming.

    So in summary:

    Ruled by halfwits,political opponents halfwits,workforce representatives halfwits, much of the population clueless.

    Promising for us isn’t it?

  81. 81
    Daniel says:

    An interesting read – Never really looked into the budget – But having just done so I see what you mean Shocking bankrupt Britain!

  82. 82
    The Great Conspiracy Theory or Paranoia ? says:

    From Autumn 2009 and onwards particularly during the run up to the election the BBC having realised that Labour under Brown would not win an outright majority and that Cameron may… decided that they had to stop this happening.Their strategy was to start talking up the advantges and positive aspects of a “Hung Parliament”.At the same time they also pursued the double strategy of “bigging up” Cable;Clegg and LibDems.

    On the morning of 7 May 2010 having realised that they had deprived Cameron of a majority,despite some horrendous foul-ups during the election by Brown they then started to pressure for the LibDems to go into coalition with Labour and form a new Progresive Alliance of the Left by giving exclusive air-time to Labour apologists e.g Alistair Campbell and their ilk and people who favoured such an alliance in the LibDems such as Paddy Ashdown;Ming Campbell and David Steele.

    However, other forces within the Labour party knowing that the “money had run out” and that they had £44billion of unfunded spending cuts in their manifesto pledge were equally determined to use the result to rid the party of Brown and to elect a more voter friendly leader who would rebuild the voter appeal during the 5 years in opposition whilst the Conservatives took all the necessary but unpopular decisions to clear up the mess Brown had left behind.So whilst everyone in the BBC was blind-sided and enthusing over the imminent Rainbow Coalition of the Left Brown was suckered into first agreeeing to step down as leader to help the LibDems/Labour alliance and then when the LibDems agreed to talks ensuring that they came to nought forcing Brown to resign also as PM.

    The BBC were therefore deprived of their true hearts desire…… another 5 years of a Labour government albeit having to be supported by other parties.However when it was properly explained that Labour did not wish to remain in government but to allow the Tories to deal with the deficit and introduce the unpopular but necessary measures whilst Labour who created the mess could snipe at the measuresand the persuadeelectorate with the help of the BBC once more onside with the “Project” and at every opportunity saying that these cuts were dangerous and totally unneccessary being fuelled by idealogy of the “nasty” unchanged Tories rather than true necessity

    This is just the start of that strategy to re-elect Labour in 2015 by the BBC>Expect more.

  83. 83
    jgm2 says:

    The whole ‘it’s all the bank’s fault’ is a huge lie. The big lie. The banks had, errr, temporary cashflow problems which would ordinarily have been met on the q.t with BoE loans while the banks sorted other lines of credit. Or not – just borrowed expensively from the BoE.

    Just as the big European banks are getting soft money from the ECB.

    But Brown saw the opportunity to precipitate a banking ‘crisis’ to hide his own economic crisis. Hence having Peston plant the Northern Rock run and also deliberately crippling Lloyds by tieing it to a bank that was having credit problems (HBOS) the better to give credibility to the lie that it was an industrywide problem and most certainly not a mortgage banking (ie over-inflated housing) problem.

    Fuck no. No house price boom and bust here. Fuck no. Credit problem. Worldwide banking problem. Nothing to do with lending shedloads of cash to muppets in Arkansas and Dunfermline to build up property portfolios. Fuck no. 5 years of 15% house price increases are the most natural thing in the world. Certainly nobody could have predicted what would happen.

  84. 84
    AC1 says:

    Why not fund patients instead of workshy (In my experience) NHS staff?


  85. 85
    The Golem says:

    Agree. Five layers of NHS quangos safe in Dave’s hands. Of course, Dave might be playing his cards close to his chest hoping to avoid public sector strikes and Beeb assassination coverage, although I doubt it. Old news flash for the shires, DC and his “team” are not conservatives with either a small or a large letter “C”.

  86. 86
    AC1 says:

    Some people still think the NHS is a good idea, some even think it’s moral!

    What an ignorant country this is.

  87. 87
    Engineer says:

    Fair enough, but if the Scots are to leave the Union, would they kindly take with them what they contributed to Britain at the time of the Union, namely, a whacking great debt (which would, of course, have to be suitably adjusted for inflation since 17-whatever it was)?

  88. 88
    Can't remember my moniker says:

    Give Obama a Nobel prize ……… What??????

  89. 89
    Engineer says:

    The FA have set up a helpline for England fans in need of counselling. The number is 0800 41 41 41.

    (Hat tip to ‘Random’ on the Political Betting link in Guido’s Seen Elsewhere.)

  90. 90
    jgm2 says:

    It would be cheaper to just send in the army and shoot people in triage. That way you’d get the same number of fatalities but without the massive overhead.

  91. 91

    Strange how the taxpayers who lied on their self-cert mortgage applications followed the socialists into blaming the banks for their loss?

    Also strange how every toxic mortgage defaulted at the same time, Oh wait, they didn’t, in fact there have been very few defaults, so this means the banks didn’t loose all that money after all. In fact, they are making record profits again and paying billions into the treasury.

    So George Osborne’s 2 billion pound banker tax in the budget puts the banks back into the positive as opposed to being a big liability.

    Why are we not hearing this from the MSM?

  92. 92
    Up sh1t creek says:

    How do you get economic growth by cutting the public sector spending?

    Maybe if Labour and Obama got their collective heads out of the failed Keynes economics they would see that they need to boost the PRIVATE sector, not continue to throw money at the public sector.

  93. 93
    jgm2 says:

    England football fans won’t phone anything that isn’t a Premium Rate number. Wouldn’t want people to think you were poor would you?

  94. 94
    Engineer says:

    The FA could use the revenue generated from the premium rate line to pay our lads a well-deserved bonus for not getting knocked out in the first round.

  95. 95
    Up sh1t creek says:

    The “great” economics expert Joseph Stiglitz says that the entire Osborne budget is wrong.


    Let’s see how well Stiglitz manages to dig himself into a hole when challenged with facts on say…. the Euro currency crisis…… Talking heads over Hugh Hendry (for Electica Asset Management) who deals day to day with the realities of the economies the politicians wrecked.

  96. 96
    Sir Reginald Titbrain says:

    We dealt with this in part yesterday. They said ‘Professional organisations’ were against the quota and said it was harmfull only later to reveal said organisaton was concerned with Bangladeshi Cooks.

  97. 97
    AC1 says:

    The UK Pound Sterling used to be the reserve currency…

    Some people can’t think outside the rice pudding :)

  98. 98
    Disaffected says:

    I am still surprised that the BBC has not come under scrutiny for cuts with real reductions in the licence fee. it is an imposed tax to promote the Liebour Party. Nick Robinscum is still doing his best to spin/lie against the coalition and is now folowing Cameron around- dave ought to tell him to fcuk off.

  99. 99
    Disaffected says:

    Sad but true.

  100. 100
    True ignorance says:

    Some people still refer to it as a “free” health service, just as state schools are said to offer a “free” education.

  101. 101
    confused says:

    ca va moniker ?…supported the froggies and was genuinely sorry for them when they crashed out…our friends have been equally sympathetic about our exit yesterday…entente cordiale working well here..hope you are enjoying the improved weather

  102. 102
    A Coward says:

    Yes – as the licence fee is a flat rate tax, it hurts the poorest the most.

    I propose implementing one of the following options to benefit those hurt by recent budget cuts:
    – a 50% reduction in licence fee to improve value for money for licence payers
    – see if Mr Murdoch is available to head up the BBC and steer it in a new direction
    – a sell off to pay for previous sins

  103. 103
    Sir Reginald Titbrain says:

    My simple solution to public expenditure is for Government to decree a percentage of GDP to be taken as tax and dished out to the Public Sector to divvy up as they please. In any case, to can be index linked, GDP down 5%, wages down 5%.

    Now it stands at about 53% so I believe. Just knock it down to about 40% and tell them to get on with it, there not having any more, and since we’re at war the forces get their call first.

    This will give them a vested interest in promoting a viable private sector, unburdened with regulation and H and S, heralding the long lost days when it was every Englishman’s right to chop his foot off with a chainsaw.

    If they know that they are only going to get a certain amount then they can decide whether they want megabucks each or zillions of underlings in their empire.

    Publies will avidly stare at the GDP figures, to see how much they will earn [i.e get] this year as their share.

    Service will be crap, of course, but hey, whats new?

  104. 104
    BBC says:

    We fully support usury perpetrated diversely on the British people.

  105. 105
    Alexsandr says:

    Incapacity benefits ‘to be cut’ says the BBC website.
    How biased?

  106. 106
    Now Outside the Matrix says:

    Stop watching tv. It only makes you depressed…

  107. 107
    Wayne Tromboney says:

    I scored three times last night with some grannies. Defence was about as good as England’s – gave up and wet themselves. The way I love it.

  108. 108
    Budgie says:

    The BBC should be sold off as a going concern, revenue on a set top box pay to view basis. The people who like their bias can then buy it. In the meantime don’t buy a TV ‘licence’.

  109. 109
    Budgie says:

    jgm2, that is an excellent summary. I shall keep a copy of it to remind me just what Brown Labour has put us through.

  110. 110
    Susie says:

    Andrew something or other on BBC News 24 yesterday morning doing the Sunday paper review, “… here’s a photo of Cameron looking the chinless toff he is…” the two presenters giggle in agreement.

  111. 111
    Grammar School Boy says:

    A 1940’s solution to a nineteenth century problem…privatise it. Privatise everything!

  112. 112
    GrimeLord says:

    I counted about 76 blinks, which is 1 a second. Is that too low for Blinky Balls?

  113. 113
    herewegoagain says:

    Sorry, been away.
    My point was going to be that the Banks have been given Billions via QE, a massive subsidy that they have used to enrich themselves – so at the moment savers get virtually zero, the banks considerably more.

  114. 114
    herewegoagain says:

    Hey, here if you fall ill in the street, you are taken to a good hospital and will be looked after – as long as the NHS is there.

  115. 115
    Kered says:

    Of course the greeks have word for it….don’t they????

  116. 116
    wally says:

    yeah we were shish kerfucked

  117. 117
    Budgie says:

    herewegoagain said: “My point was going to be that the Banks have been given Billions via QE …”

    But since you now can’t make that point because it is untrue, what is your point?

  118. 118
    Rt. Hon. I M A Dissembler MP says:

    Below inflation rise = Real terms cut.

  119. 119
    Baroness Yougov says:


    Be afraid people. Be afraid.

  120. 120
    Can't remember my moniker says:

    Ça va bien, merci, (madame? monsieur?) confused. Je ne regrette rien pour la football, il importe pas! C’est exactement pareil pour moi…

    Vous avez/tu as le meilleur de moi!!!

  121. 121
    VK says:

    Guido, you’re missing three noughts on each bar – wishful thinking on your part, perhaps?!?

  122. 122

    […] Doing the daily read of my favorite list of political blogs, I come across a veyr interesting blog post over at Order-Order.Co.Uk. […]

  123. 123
    Civil Servant says:

    Just a tiny bit of basic economics for you, just for future reference. An under-inflation increase is a real-term decrease.

    Additionally, the idea is to cut the deficit as a percentage of GDP, not cut it in absolute terms. Do you need me to explain this to you?

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