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

Quote of the Day

Nigel Farage on Jeremy Corbyn:

“North London, bicycles, non-drinker, doesn’t sound very much like me does it?”

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

Hamas Endorse Corbyn For Leader Hamas Endorse Corbyn For Leader
WATCH: Stella Reads Her Abusive Tweets WATCH: Stella Reads Her Abusive Tweets
WATCH: PM to Accept Thousands More Refugees WATCH: PM to Accept Thousands More Refugees
Freeserve Emails Borked Freeserve Emails Borked
WATCH: COOPER V CORBYN WATCH: COOPER V CORBYN
84% SAY CORBYN WON SKY DEBATE 84% SAY CORBYN WON SKY DEBATE

No, Britain Has Not Accepted Just 216 Syrian Refugees No, Britain Has Not Accepted Just 216 Syrian Refugees
POLL SUGGESTS REFERENDUM RE-WORDING HELPS EU-LEAVERS POLL SUGGESTS REFERENDUM RE-WORDING HELPS EU-LEAVERS
BURNHAM WEAPONISES REFUGEE CRISIS BURNHAM WEAPONISES REFUGEE CRISIS
TAIWANESE VIEW ON LABOUR LEADERSHIP TAIWANESE VIEW ON LABOUR LEADERSHIP
GOOGLE’S FUN FACTS: ARE YOU FEELING CURIOUS? GOOGLE’S FUN FACTS: ARE YOU FEELING CURIOUS?
PRO-EU LOBBYIST IN HEART OF WHITEHALL PRO-EU LOBBYIST IN HEART OF WHITEHALL
NONSENSE AND INSENSIBILITY: EMMA THOMPSON’S POETRY PROTEST NONSENSE AND INSENSIBILITY: EMMA THOMPSON’S POETRY PROTEST
ANTI-UKIP BURNHAM V PATRIOTIC ‘PURPLE’ ANDY ANTI-UKIP BURNHAM V PATRIOTIC ‘PURPLE’ ANDY
CORBYN: QUOTING THINGS I HAVE SAID IS “CYNICAL” JOURNALISM CORBYN: QUOTING THINGS I HAVE SAID IS “CYNICAL” JOURNALISM
All Change at News UK All Change at News UK
GDS IMPLOSION CONTINUES GDS IMPLOSION CONTINUES
Virgin Blackmailing Broadband Customers Virgin Blackmailing Broadband Customers
Google Logo Evolution Google Logo Evolution
Corbyn Supporters to ‘Drink Blood of Thatcher’ Corbyn Supporters to ‘Drink Blood of Thatcher’
Government Pleads Guilty to Climate Crimes Government Pleads Guilty to Climate Crimes
New REFERENDUM QUESTION New REFERENDUM QUESTION
“SECURITY” NO. 10’S CORBYN ATTACK LINE OF CHOICE “SECURITY” NO. 10’S CORBYN ATTACK LINE OF CHOICE
Guardian Looking For New Pol Ed Guardian Looking For New Pol Ed
NATIONAL CRIME AGENCY HACKED NATIONAL CRIME AGENCY HACKED
NO CAMPAIGN MAKING FRIENDS: “I HOPE YOU DIE IN A FREAK YACHTING ACCIDENT” NO CAMPAIGN MAKING FRIENDS: “I HOPE YOU DIE IN A FREAK YACHTING ACCIDENT”
CORBYN EQUATES BIN LADEN DEATH “TRAGEDY” WITH 9/11 CORBYN EQUATES BIN LADEN DEATH “TRAGEDY” WITH 9/11
RICH’S MONDAY MORNING VIEW RICH’S MONDAY MORNING VIEW
ENVIRONMENT MAYOR TOTTY WATCH: BRAZIL EDITION ENVIRONMENT MAYOR TOTTY WATCH: BRAZIL EDITION
HAIN GRAVY TRAIN HYPOCRISY HAIN GRAVY TRAIN HYPOCRISY