June 27th, 2011

Ending Labour Cabinet Elections Could Boost Union Control

Team Miliband has earned plaudits for promising to end elections to Labour’s shadow cabinet team. There has been an outbreak of support for Labour’s version of the Führerprinzip from all corners. While this may put a block on the more loony elements of the Labour left getting into the shadow cabinet, perversely it may increase the control of the unions. They put Ed Miliband into office and they pay the Labour Party’s bills.

He who pays the piper calls the tunes: Miliband will not be able to resist demands from union bosses for their placemen to be in the Labour cabinet. Unite already have a well developed programme of putting their approved candidates on the parliamentary list. They will soon be able to control the composition of cabinet. No wonder Labour is too craven to stand against children being locked out of schools with single-parents being forced to lose income staying at home to care for their children. Union-owned politicians are not in the public interest.


125 Comments

  1. 1
    Ed says:

    I jutht do what my bothh, Mr Whelan, tellth me to do.

    • 3
      Ed Balls, Shallow Chancer says:

      I give the orders round here, Tosspot.

      • 7
        Anonymous says:

        Third!

      • 26
        Mr Ed says:

        Balls and Cooper would win the popularity contest each year – and thus have to have major seats – or Ed face rebellion.

        My removing this election he gains more control, and unions get more seats, and probably more wimen!

        • 32
          Public Sector Parasite with enormous gold-plated pension says:

          So Labour moves further to the left, what’s the problem? Keep paying the tax suckers!

          • David Laws Lib Dem fiddler says:

            This is the socialist who advised Brown on economics before the election and was aware of McDooms reckless spending to win votes. He should accept his part in the UKs economic catastrophe and quietly disappear into the sunset with his madman mate Balls.

            Jeff Randall did a good piece in the DT today on a paper written and submitted by Huhne in 2002 why it was vital the UK should join the Euro single currency. As Guido pointed out last week, Danny Alexander was also in support of this ludicrous scheme and this would have spelt disaster for the UK. Given their track record for stupid ideas on economics it is hard to understand why they are ministers or hold public office. They should be hanging their heads in shame and thanking God no one listened to them.

            We need the Lie Dems out ASAP, their liberal approach to the EU, defence, criminal justice and immigration are completely out of sync with public opinion. They got less of the vote at the last election and fewer MPs because of their weird view on life. Since the election it has transpired they lied to their supporters about policies they would bring in ie tuition fees- unequivocal language, not an ambition or an aspiration. An unambiguous promise, they lied.

        • 116
          Prescott's chipolata says:

          Way should be clear for Jack Dromey then.

    • 47
      Controlled Labour says:

      What’s all the fuss about? Except for the Blair years labour has always been controlled by the unions.

      • 82
        smoggie says:

        Thatcher emasculated the unions and the public is no longer fooled nor afraid of them.

        Could be tough times ahead for the fat cat union bosses: more Cava and less Bolly.

  2. 2
    I'm sure I'm right but says:

    Why don’t the European Central Bank print off the money Greece owes and pay everyone back?

  3. 4
    nell says:

    It’s not just single parents who will lose money on Thursday as the selfish, grasping public sector goes on strike to try and save their gold plated end of salary pensions that the rest of us can only dream of.

    A lot of married mums work too. And there’s a fair proportion of working grandparents these days bringing up the children abandoned by labour’s 13 years spent destroying the family, they’ll lose money too.

    • 9
      Eamonn U Ensis says:

      The public service unions are making a big big strategic mistake by calling strikes on Thursday….the legislation is ready and if forced to it the government WIL enact it with LibDem support too…the public will be softened up ahead of the legislation by the right wing media….I can see the headlines Thursday/Friday now…struggling families who do not have the luxury of “gold plated pensions” having to take time off work to look after their kids when they are already struggling to make ends meet Thursday is an absolute gift…

      • 14
        labourunionsbbc we are one says:

        Which ‘right wing media’ do you refer to?

        • 67
          David Laws Lib Dem fiddler says:

          This is not about private versus public sector workers. This is a ploy by the government to divide public opinion in the hope any strike will not have public support. Remember it was the politicians who caused this mess by allowing bankers to deregulate in exchange for personal interest and/or sponsorship.

          Roosevelt put in place the Glass and Steagle reforms after the 1930s crash to prevent anything like it happening again. Clinton was financially backed for his election campaign, Blair and Brown followed his lead.

          Blair became a consultant for JP Morgan when he left office and got about £2million for being a consultant and his son got a job with them in New York- coincidence? (What did Blair know about banking to paid £2 million, what was his expertise?)

          Why was Sir Fred allowed to walk away with a huge pension pot when he could and should have been sacked? If he sued for wrongful dismissal etc he would have got a fraction of his current pension pot even if he won his case- Lord Myners allowed that scam. It appears Sir Fred negotiated Lord Myners settlement when he left banking.

          The public need to concentrate their anger towards politicians and bankers for causing this mess because hard working people from ALL walks of life are now paying for their greed, vanity and power. Wholesale reform is required in politics.

          • Gene Poole says:

            Re 66
            Amend to read
            The public need to concentrate their anger towards liebour politicians and their banker friends for causing this mess

        • 76
          misterned says:

          The Sun, The Daily Mail and possibly The Telegraph perhaps? I cannot think of any other mainstream media which has a definite right wing lean to it. Come to think of it, The Telegraph is not exactly the “torygraph” anymore.

      • 19
        Tax Payer says:

        Most teachers do not have a ‘gold plated pension’, or anything like it.

        They have the pension they were offered and accepted.

        It’s not their (or our) fault that the financial sector has criminally corrupted the pension system.

        Oh, and strikes like this will not be banned. The coalition doesn’t have the bollx.

        • 25
          just so says:

          +1

        • 30
          Eamonn U Ensis says:

          Strikes won’t be banned but there will be legislation on ballots..requiring at least 50% of total membership to vote in favour of strike action and that if only 40% of membership vote(even if 80% of them vote for strike)it will be illegal to call strikes with sanctions against union leaders and their funds…..as to “gold plated” phrase..it doesn’t matter if it’s true or not it’s public perception THAT is the key and the teaching unions will be demonised make no mistake on that point….as for the financial sector gibe….it was Brown that buggered up the pensions schemes by his raid on private pensions forcing employers to close defined benefit schemes in the private sector and making the public sector pensions seem “gold plated” by comparison and fair game under the present scenario

          • They're all the same says:

            How can any MP call for minimum turnouts for strike ballots, yet have the cheek to turn up at Westminster on a turnout of less than 50% (as many do)?

            Absolutely preposterous (whatever one thinks of unions).

        • 31
          Time 2 CTRL, ALT & DEL says:

          If We strike the company goes bust and we lose our jobs – public servants ( yes thats what you are), know there will be a school, council or other public body to go back to.
          In the real world, pay is decreasing, hours are increasing, and stress levels are high – but we get on with it, as we have no choice.

          • Anonymous says:

            Feeble whining – ‘we have no choice’ – you could organise in your union, but you’re probably a libertarian/anarchist (spelt FASCIST) like saddo Guido, so you wouldn’t and probably couldn’t.

        • 58
          Jabba the Cat says:

          If the teachers in the state schools actually taught pupils skills that they need in the real world, as opposed to preparing them for reading degrees in political correctness, efnik diversity, basket weaving and advanced shoe tying, then they might get a little more sympathy from the tax paying public who are footing their tax eating salaries and pensions.

          • misterned says:

            You forgot climate alarmism, but your general argument is correct.

            If the teachers feel they are getting such a raw deal, they could always look for employment in the private sector…

            Oh but then they will lose so many perks. The public sector cannot be being screwed over too much, because the teachers are not leaving the profession in droves, now are they?

            I am reminded of the far too true phrase: “Those who can, do. Those who can’t, teach”.

          • Grumpy Old Man says:

            Teaching unions working with govt. to ensure that teachers are literate and numerate would be a good start.

          • Anonymous says:

            Jabba the fool knows nothing about schools – where was he educated?
            He has at least learnt to write, if not to think.

          • Jabba the Cat says:

            “…where was he educated?”

            Grammar school and university back in the day when people could get a good education as normal.

        • 80
          Mike Hunt says:

          I have been paying for 30 years towards a pension who’s value decreases almost daily, as well as being decimated by Brown’s grab of the private sector pensions. I too expected to get a pension that allowed me a standard of living above the poverty line, but I won’t get it.

          Some harpie was on the BBBC this morning talking about the teachers pension scheme and screaming at the government to say whether or not it was in deficit. Don’t the pensions for former state workers come out of general taxation and there is no pension pot.

          Please correct me if I am wrong.

        • 88
          Angry of Tunbridge Wells says:

          I work in the private sector, and I no longer have “the pension I was offered and accepted”.

          It went down from 60ths to 72nds and now 84ths, partly thanks to Gordon plundering £5b from private pensions and weak non-exsitent regulation of the banks.

          However, what is left of my pension will still be paid by the private company and what is left of the assets in the private pension scheme at no cost to the tax payer or anyone else.

          Yet I still have to pay tax for lazy teacher pensions, whilst they get twice the holiday I get, work less hours a day, and even get “inset” days off to do work they were supposed to be doing after 3pm whilst the rest of us have to work until 5:30.

    • 21
      I'm sure I'm right but says:

      When I was younger my father worked and my mother stayed at home to look after the children. His wage was enough to buy the property (tradesman).

      The couple who now own the property both have to work to pay the mortgage and have to pay child carers whilst they are at work.

      More than likely they will divorce and they will need a property each, which neither can afford on there own.

      Chances are she will give up work as she will be better off on benefits and will get her rent paid. He will decide that whilst he has to pay maintainance and rent he might as well give up work as he will be better off (rent paid, will put one child in his name for additional tax credits).

      Modern Britain = ‘Progress’ = Breakdown of the family unit and an over reliance on the tax payer = A government which has to borrow more to fund it = More immigrants to pay more tax = More immigrants having babies = More borrowing to fund the benefits of immigrants = You get the picture and I’m getting bored

      • 34
        Old Tory says:

        The banking system needs more and more debt.
        http://en.wikipedia.org/wiki/Fractional-reserve_banking.

        Another lot of fuckers looking after themselves?

        • 94
          misterned says:

          The central bank’s fractional reserve banking of fiat currency. The biggest scam in the world.

          Create money out of thin air, add interest that is not created and wonder why debts cannot be repaid without creating more debts.

          Grossly simplified. I am a central bank with 1 pound in reserve. I use this and some magic to lend the government 10 pounds. The government owes me 11 pounds, but with only 10 in circulation, they are screwed and have to borrow more to pay me.

          And thus a debt balloon begins to inflate.

          If they use the 10 pounds wisely, and trade internationally and thus transfer their debt via trading off another nation’s wealth, then they can repay and the country prospers under low debt interest payments leaving more money for the people.

          If they do not spend the 10 wisely, then debt interest increases and the need to borrow and tax more increases and everyone suffers high taxes, spending cuts and a weak economy.

      • 84
        Mike Hunt says:

        Big fleas have little fleas etc.

  4. 5
    Anonymous says:

    The biggest problem at the moment is the MPC. They’ve quite clearly lost the plot and no longer care about >5% inflation, soon to reach levels not seen since the ’70′s if inflation stats were reported honestly. Can we vote Merv out of office?

    • 103
      Grumpy Old Man says:

      The present inflation feeding through the system was bottled by Brown, Balls and Milliband,Fantasy Economists, 2003-2010. Those unspeakable loons have so fucked up the economic system that returning to a sustainable economy will be incredibly painful and take generations to achieve. Mr. King is a civil servant who, for all his manifold failings, was stripped of his powers to intervene in the banking systemby Brown’s BIG Idea: the useless, profligate,incompetent FSA. Stop shooting the messenger and save your ammo for the real targets.

  5. 6
    Sir William Waad says:

    Ed’s purpose in this is to prevent his brother ever, ever, EVER getting itno the Shadow Cabinet. So there, nyah nyah nyah!

    • 53
      bring it on says:

      Increasing the power of unelectable w*nkers like Millibland and his union puppet masters is a gift to the Coalition.

  6. 8
    Anonymous says:

    The unions are getting to be too big for their boots. They have ambitions beyond the professed function of “protecting the workers”.
    Power & on to absolute power is the aim, & we know what stems from the latter.

    • 20
      Old Tory says:

      Unions have never protected “the workers” only their members. The NUM lost me two jobs in the 70s with their “flying pickets” was Jack Jones, Joe Gormley, Red Robbo, Arthur Scargill, Len Murray, and all those fucks there to help. No.

      • 91
        bergen says:

        True but Joe Gormley never pretended to do anything but act for his members and did so very effectively even if he did for Heath.He believed in the industry and co-operated in its progress whilst he was in charge.It was an industry in which I worked as a young man and I regret its destruction which was effectively caused by Scargill.I would not bracket the two together.

      • 122
        Anonymous says:

        Old Tory Fool, are not union members generally workers?

    • 24
      labourunionsbbc we are one says:

      Kim Jong? Mao? Pol Pot ? Stalin? missery? suffering? death?

    • 121
      Anonymous says:

      Ever heard of Thatcher, you moron? And Blair ? And their anti-trade unions laws. The unions aren’t big enough, more’s the pity.

  7. 10
    Backwoodsman says:

    Just for clarification : “He who pays the piper calls the tunes” – this is clearly not applicable to the bbc, and you scrotes who pay a license fee – we decided some years ago that the labour party should be in power and if you choose to ignore our message and vote for the baybee eating Tories, it wont alter our message.

    • 61
      Woodward and Bernstein says:

      James Naughtie on his usual biased form on Toady this morning during an ‘interview’ with an NUT bloke and Maude.

    • 73
      The Bottle Fed Triplet says:

      The Beeb also wanted Obama to win as well. They did a pretty good job pushing his campaign. A shame none of us is eligable to vote in the US.

  8. 11
    Bob Crow says:

    uNIonZ r thA baKboAN oV saCYety! uPP tHA WorKAz!

  9. 13
    Engineer says:

    Are the Unions looking for payback? They lost influence during the Blair/Brown years as the Labour party courted big business. Many a businessman invested in the Labour party, and it gave the party some freedom to ignore the usual pressures from the bruvvers; now that their investments have gone bad, the businessmen have disappeared.

    Whether Red Ed likes it or not, the Unions pull his strings. However decent and principled a person he might be away from front line politics, he has no option but to dance to the Union tune in Westminster. It will ultimately finish both him, and Labour’s electoral chances.

  10. 16
    NB says:

    This is excellent news.
    a. The more power that pratt Milliband has the more of a mess he’ll make
    b. After the strikes the Unions will be very unpopular
    c. The govt will then ban any contributions or loans of over £50k to any political party, and Labour will go bust.

  11. 16
    Poor Bill says:

    A Marxist, son of a Marxist (Stalinist), grandson of a Marxist, (Polish traitor and Red Army hero) wants more Centralisation in ‘The Party‘.

    Strrrrrrraaanngggee, strange indeed

  12. 22
    Anonymous says:

    And Tim Yeo and his enterprises, not altogether a man of the people, is he?

  13. 23
    Gordon Brown says:

    I am Lady Gaga

    • 43
      Bled White Taxpayer says:

      There’s a redundant “Lady” in that sentence, Gordon. Just as there appears to be a redundant “Lady” in your “marriage”. Many people in the UK are going to be made redundant as a direct result of paying for your policies. You appear to be a redundant MP.

      There’s a theme emerging there.

    • 77
      Ed But Look Balls says:

      Just gaga !

  14. 29
    They're all smug, sneering Celt cunts at the BBC, 'cept Kuenssbergs whom I wish to bum intensely says:

    Lets just get the dream team in place fucking pronto you poofs

    The dear Leader Ed Balls, assisted heroically by the leftist colossus Dennis Skinners as Lord High Chancellor.

    Thats how you’re gonna beat the markets, and complete the task of abolishing boom n bust, you poofs

  15. 33
    Gonk says:

    The only difference in Union leaders
    of the 1960s/1980s to the latest reincarnation
    is an increase of a working vocabulary from
    100 words to about 125 words. Everything
    else has remained the same including their
    hair styles.

  16. 35
    Can Read Labour Like A Childs Book says:

    Of course it will the left-wing don’t believe in democracy.

    His piss poor and laughable comparable analogy to a football team manager shows the tiny intellect of his knuckle dragging supporters that he had to sell the idea over to, It was funny to seem them go YIP YIP YIP and clap like seals without realising WHOOOOOOOOOOOOSH what’s just gone over their heads.

    Fucking hell even the B&P is now more democratic than Labour.

  17. 36
    James Kibbor says:

    There is an easy solution: cap annual donations to political parties from any legal person (whether an individual or a corporation) at the 90th percentile individual annual earnings, currently somewhere around £50k. Unions would never again be able to hold the purse strings, and the Labour Party would be forced to appeal to non-loony donors.

  18. 37
    Andy Coulson says:

    What a bastard Michael Gove really is !!

    Michael Gove ‘flipped’ homes: MPs’ expenses
    http://www.telegraph.co.uk
    Michael Gove, a front-bench ally of David Cameron, spent thousands on furnishing his London home before “flipping” his Commons allowance to a new property in his Surrey constituency, and claiming £13,000 in moving costs

    • 40
      Moussa Koussa says:

      So he was the only one to do this, a few years ago?

      • 93
        A Darling says:

        I did it but got away with it.

        Still you should see how much money Anthony made from those poor saps the taxpayer. Flooded their country with millions of foreigners,let MadBadDangerous destroy the economy, sent soldiers to die just to suck up to that retarded Yank and from that him and his hideous wife are now multi-millionaires.

  19. 38
    Bob Crowe says:

    More Chabliss garson!

  20. 39
    YVETTE COOPERS BALLS says:

    My husband’s a scruffy twat !

  21. 41
    Billy Bowden is the greatest umpire ever ! says:

    Meanwhile Brussels controls what ever party is in goverment.

    • 45
      Time 2 CTRL, ALT & DEL says:

      true true – time to find the exit

    • 50
      Eeu to me says:

      We don’t have any MP’s anymore Billy, the treasonous bastards sold us out , the HOC is a place now full of overpaid civil servants/county councillors and should be closed down to save money.

  22. 42
    Billy Bowden is the greatest umpire ever ! says:

    police say they are not treating the death of Christopher Shale as suspicious, nothing unusual about a tory having coked up asphyxi-wank in a shithouse, standard practice i would say

    • 59
      labour troll says:

      and I should know

      • 117
        Sir William Waad says:

        There was an old fellow from Witney
        Who went to the bog for a shit ‘n he
        Had took his fiancee
        To gawk at Beyonce
        But expired when his thoughts tunred to Britney.

  23. 44
    Sybil Fawlty says:

    I blame the Global downturn in the grossly inflated wages and bonuses of Footballers.

    It started in a merry car

  24. 49
    Billy Bowden is the greatest umpire ever ! says:

    “While this may put a block on the more loony elements of the Labour left getting into the shadow cabinet”

    Love the Humour Guido :-)

    With Red Ed and unions in charge ONLY the loony left will be allowed in the shadow cabinet!

  25. 51
    Billy Bowden is the greatest umpire ever ! says:

    Ps Ed Milibands first proper policy is the scrap elections, Not looking good is it.

    • 101
      misterned says:

      Second proper policy….

      His first was taking the lead in campaigning vigorously for PR. Kicking Clegg off the campaign team. Losing most of his parliamentary party and getting thrashed in the national referendum.

      No wonder he has gone off democracy.

  26. 52
    Havin' A Larf says:

    in what way are the multimillionaire politicians and the rich elites of this country feeling the pinch or is it ordinary working people, the unemployed and disabled people who are paying off the debt?

    • 66
      Sybil Fawlty says:

      Paying tax

      • 102
        misterned says:

        A LOT more tax. 50% of everything over 150,000 goes to the Chancellor. Only 20% of what I earn (over 7,475 pounds) is taken by the Chancellor in income tax. For I am not rich.

        So a rich person pays a massive amount more tax in absolute and relative terms than I do. That said, they still have much more money available in absolute terms than I do, but that is because they are rich.

        If they made sacrifices and took risks and worked hard for that money, I do not begrudge them a penny and I thank them for their contribution to the economy.

        If they became rich by winning the lottery, then I want my pound back from them!

    • 74
      smoggie says:

      How the fuck can the unemployed pay off the nation’s debt?

      • 110
        Grumpy Old Man says:

        1. Die early
        2. Find a job that pays less than the national wage
        3. Cancel the annual 2 weeks in Benedorm on benefits
        4. Stop breeding, seek help from the Fabian-inspired Stopes Birth Control clinics.
        5. Sell themselves into slavery
        6. Emigrate to Somalia,eastern Europe, or Poland, where’s there’s plenty of room.

        Well, you did ask.

  27. 55
    Neil Kinnock says:

    I’ve got my party back.

  28. 56
    SpaceLord says:

    Can somebody lead me to the critique of the coalition government’s adventures with the British nation?

  29. 57
    Billy Bowden is the greatest umpire ever ! says:

    Can Guido Fawkes solve mystery surrounding top Tory’s death at Glastonbury?

    • 63
      Anonymous says:

      He’s not Miss Marple FFS. BTW, I think it could be the same thing that killed Elvis. Dehydration leads to large stools, and trying to give birth to one of these muthas puts a very great strain on the ticker.

    • 64
      Jabba the Cat says:

      Too much amyl nitrite?

    • 83
      sockpuppet #4 says:

      I can’t believe they’re calling him “a rock”.

      What a poor pun, and not particularly complementary if my geology is right.

      • 90
        Moussa Koussa says:

        “”A big solid rock in my life has suddenly been Andrex rolled away””

        The Cursed One, really is a turd

  30. 65
    Moussa Koussa says:

    Cambo Curse strikes again. The man is surrounded by death.

    Sing along

    And did that dump in portaloo
    Sit upon England’s pile of poo
    And my is now hole limp with God
    On England’s pleasant pastures I’ve just been

    • 68
      Moussa Koussa says:

      Oh better versus

      And did that dump in portaloo
      Sit upon Glasto’s pile of poo
      And my hole is now limp with God
      On England’s pleasant pastures I’ve just been

      • 72
        Moussa Koussa says:

        Bring me my rolls for burning ring
        Bring me my andrews of relief
        Bring me my andrex to unfold
        Bring me it to me now – my rings on fire

        You aint seen me – right

      • 78
        sockpuppet #4 says:

        Perhaps next time you stand for elections in chorley we’ll remind you of this, your finest hour.

        Perhaps you’ll be podgy and middle aged by then. On a more constructive note, you would be advised to get your blood pressure etc. checked.

    • 69
      Anonymous says:

      Fuck off Jonty, you ginger twat.

  31. 71
    anonymous says:

    He who pays the piper calls the tunes: Miliband will not be able to resist demands from union bosses for their placemen to be in the Labour cabinet.

    Good. If RedEd promotes a load of union sponsored MPs into his cabinet, he will discredit it – and his chances of leading a real cabinet.

    The Tories at least would waste no opportunity to point out the union allegiances of Labour cabinet members, as would the more Tory press.

  32. 75
    Moussa Koussa says:

    Glastonbury is just soooo un-cool now.

    Not because they book acts like Beyonce or Jazzy Jay, but because 57 year old Tory farts attend.

    “””Imunity here I come”””

    • 95
      hh says:

      I normally would never say this to another human but judging by the nasty sick bile you come out with you psycho f£%$%!!
      I don’t count you as human ! but I really hope something really bad happens to you and it fR%$^&* hurts scum bag !
      Oh and he did this =
      “Project Umubano” — umubano means friendship in the Rwandan language and the project involves a group of Party members and activists travelling halfway round the world to volunteer their services.
      Teachers, doctors, lawyers, businessmen such as Christopher and many others donate their valuable time for nothing more than the pleasure of helping others.
      What have you done today jerk

    • 112
      MAD FRANKIE HADDOCK (not Maude) son of COD says:

      At least they still ban Freckly gay ginger fuckers !

  33. 92
    Ratsniffer says:

    Beer and sandwiches at no 10 again if ever labour gets back into power? The fat commie union barons have more expensive tastes nowadays. Fine wines and gourmet dining will be the order of the day whenever the bruvvas are visiting their leader to issue instructions.

    • 96
      retardEd Millitwat says:

      Thaths rathist

    • 113
      Anon E Mouse says:

      As it’s on expenses, I’m sure Scotts could provide a pre-packed buffet service for Ed and ‘the brothers’. Better not forget a bit of fillet steak for Castro though…

  34. 97
    Moussa Koussa says:

    High street stores, now dropping like flies.

    Jane Norman in administration today.

    Is Hyena Boy gonna sack Mary Portas.

    • 108
      Ratsniffer says:

      He might wish to have a word with labour councils which have put up parking charges year on year, charged massive business rates to fund their spending sprees, leading to shops going bust and shoppers going online or switching to out of town mals with free parking.

    • 111
      Grumpy Old Man says:

      Which part of, “there’s no money left” don’t you understand?

    • 118
      Filthy Rich Capitalist says:

      The great debt deflation is taking hold. Talk to anyone in business, particularly retail and property, and things are grim. The Banks won’t lend to help cash flow, because they don’t think they will get their money back. You can’t sell your business, because no one will buy it. People are spending less and less because they are being squeezed. What does one do? Buy risk i.e. the Stock Market. The government continue to ease the money supply which they hope will go into businesses via the Banks. It won’t, it will go straight into the Stock Market, as there is no possibility of any return on your money anywhere else. Bottom line, politicians don’t understand economics, never had never will. Whatever they do, people like me will get richer at the expense of everyone else. Politicians are totally and completely useless and incompetent, thank goodness. Another bottle of Krug please.

  35. 115
    Sir William Waad says:

    The ones I would choose for my cabinet would be Messrs/Mss Graham, Taylor, Warre, Dow, Fonseca and Niepoort. Like Ed, I would of course pass them all to the Left.


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Cathy Jamieson MP, Labour’s Shadow Treasury minister, commenting on Treasury analysis of the economic impact of tax changes…

“If the Treasury is looking at the economic impact of tax changes, then surely it should examine the impact of the rise in VAT and cuts to tax credits? George Osborne’s £12 billion VAT rise knocked confidence, helped to choke off the recovery and has cost families £1,350 over the last three years.”



orkneylad says:

What’s he been doing FFS, mining bitcoins?


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