Guido’s Misery Index : Britain’s Got the Blues

Dave wants us to have some kind of gross national happiness index, an idea Sarkozy has also pushed. Not sure if the government really has any control over our overall happiness, it seems to Guido that governments mostly cause unhappiness and can do little to make us smile. The national mood is cheered by things like good weather, Royal Weddings and sporting victories which are beyond the government’s direct control.

Ronald Reagan popularised the idea of a “Misery Index” initiated by the economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960s. It was simply the unemployment rate added to the inflation rate.

Given the budget deficit is the biggest economic challenge the country faces today, Guido’s Misery Index adds on the government’s deficit divided by the GDP taken from the latest figures from the Office for National Statistics.

Retail Prices Index + Unemployment rate + ( Public Sector Net Cash Requirement / GDP ) = Misery Index

Plugging in the latest available figures for September 2010 gives you:

4.6% + 7.7% + (20.7 / 331.4 x 100)  = 18.55

The Misery Index has been steadily increasing since the beginning of the year. Misery rising even after Gordon has gone. Welcome to Tory Britain, it’s certainly blue.

N.B. Stats bods can check Guido’s adding up here.


Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

Asim Quereshi, research director of CAGE, the British “independent advocacy organisation”, on Jihadi John:

“[He is] a victim… extremely kind, gentle, the most humble person… a beautiful young man”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Future of Journalism Update Future of Journalism Update
Hacked Off Rally Was Deeply Unpleasant Hacked Off Rally Was Deeply Unpleasant
Nazis Invade UKIP Conference Nazis Invade UKIP Conference
Farage on Course to Win Thanet Farage on Course to Win Thanet
Sadiq Khan Spoke at Jihad John Group Event Sadiq Khan Spoke at Jihad John Group Event
Government Blames Facebook for Lee Rigby Murder Government Blames Facebook for Lee Rigby Murder

The Hysteria of Hacked Off The Hysteria of Hacked Off
Simon Carr’s PMQs Sketch Simon Carr’s PMQs Sketch
Charity Fat Cats on £145,000 Charity Fat Cats on £145,000
Meet the Lesbian Tech Queen Meet the Lesbian Tech Queen
Balls on His Sexual Prowess Balls on His Sexual Prowess
Tory Candidates: EU Bad For Business Tory Candidates: EU Bad For Business
Soubry: I Said ‘Rubbish’ Soubry: I Said ‘Rubbish’
Guido v Hacked Off Guido v Hacked Off
Boris’ Mystery Blonde Boris’ Mystery Blonde
Labour Chaos in Bradford Labour Chaos in Bradford
Cable in Code of Conduct Row Cable in Code of Conduct Row
Evgeny Loses His Beard Evgeny Loses His Beard
Follow

Get every new post delivered to your Inbox.

Join 1,775 other followers