How Mervyn King Lost Bank Battle War | WSJ
BBC Corporation Tax Horror Story | IEA
Sally Bercow Judgement in Full | Mr Justice Tugendhat
Commies Blame Capitalism For Terror Attack | The Commentator
Lord Black v Press Regulation | Guardian
Osborne’s Complacency | FT
DWP’s Welfare Failings | Isabel Hardman
Get Used to Coalitions | David Aaronovitch
Woolwich a Showcase in the Banality of Evil | Fraser Nelson
The Enemy Within | Max Hastings
Muslim Led Military-Style Free School Needed | Toby Young
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Ed Balls stretches credulity by claiming he isn’t ambitious…
“I would love to be part of Ed’s Labour government but what I do next for me is not an all-consuming passion. I’m more bothered, in a personal sense, about getting to grade 8 piano by the time I’m 50.”
Bill Quango MP says:
Ned Flanders – Clegg
Lisa Simpson – Natalie Bennett
Milhouse – Hilary Benn
Martin Prince – Andy Burnham
Edna Krabappel – Luciana Berger
Crazy Cat Lady – Glenda jackson
Comic book guy – John Prescott
Carl – Chucka
Lenny – Philip Hammond
Willie – Eric joyce
Poochie – Gordon Brown
Reverend Lovejoy – Tony Blair
Did you know that Kent County Councils salary bill for 2010-2011 was £352,437,498 and that the payment into the Local Government Pension Scheme was £52,383,692.71p. These figures exclude Teachers and councillors. Eye watering amounts And these are by no mean the largest amounts coming out of your pockets.
“coming out of your pockets”
So are you from kent? Or do you just feel the need to bitch about DEM EVIL COUNCILS SPENDING AR MONEY!
He’s just a bitch!
ITS not funny ? Why not a millbund joke ?
would luv to see what the governor of bank of england said at time about selling off the gold reserve to the chancellor…… would be interesting reading that guidance… no ?
any spot the contradiction with Ed millbund on Andrew Marr show….. Labour would reduce VAT (so thats £13 billion more on the deficit then) – but then complains that Government borrowing more than Labour …..
but labour would not have cut as deep and fast – and with the VAT cut – borrowing would have been even higher ?
gormless…..
Back On Topic
A second bout of Quantitative easing never worked for the Japanese in 1993 and QE2 did not work for the Americans last year either.
All it does is keep zombie banks alive that should be allowed to fail – it is not the end of the world. It never helps unemployment or domestic debt levels which need direct action.
Darling said King was not up to the job and Osborne should take him as his word
ha ha ha!
That’s a good one for this time of the morning.
Many Thanks.
Cutting VAT has already been tried and it failed to boost the economy. It’s too easy for retailers to pocket the money rather than passing it on to consumers. Any further QE should be distributed in the form of direct tax cuts, but that won’t happen. The next 50 billion of QE will go down the banks’ black hole and give us another dose of inflation for years to come.
Most of local authority spending is financed by central government; in other words the taxpayer. Council Tax funds less than half of the expenditure..
Where do you think money comes from if not from tax payers ‘boom’ and ‘bust’? You both have obviously been to the Mctw@t school of economics.
Is that a lot or a little? Unless we have some idea what councils need to spend, or what other councils spend, it doesn’t mean much, I’m afraid.
Let’s all hope that R&M go down with their ship.
their shit would be more accurate
R@M only go down on each other !
I’m sure I can find an credible Labour economic policy somewhere here…
Fucking thick, filthy sub-human Labour scum.
totty watch
No, it’s ‘snotty watch’.
Whats ‘Geraldine’ doing there?
By R&M standards, that’s a 10% improvement. Much like inflation will be after yet more QE.
Everything’s fine, I’ve just heard on the BBC that Ed Balls is going to launch a new credible economic policy.
Hahahahahahahahahahahahahahahahahaha
One of Labour’s many flaws is the don’t seem to realise that having Brown’s little homunculus Balls on the front bench is a major vote loser.
Good to see the bbc stepping up to the plate to give a little credibility to labour. Somethings never change !
Theres probably some back office savings to be made by simply merging the two organisations into one.
Its already in place via the Guardian
Why would the BBC need to make back office savings? with the huge tsunami of cash that pours into their coffers every year, recession or no recession there is no financial pressure for efficiency savings.
The biggest conundrum for the BBC is that they can’t give direct financial support to Labour, so it all has to be indirect through free propaganda and support of the left wing press.
If the licence fee were to be abolished, Labour would be finished.
Ministers have in recent years openly questioned whether the licence fee is a sustainable means of funding the BBC in the future.
Receptions into Prison Service establishments in England and
Wales for non-payment of fine 1991/94
What the hell are Geoffrey Howe and Tom Hanks doing on the QE2?
winner !
Titanic 2?
The political class are so far removed from wealth creation they do not realise that borrowing money is not the same as earned money.
I hope you are enjoying Liebour’s Poisoned Chalice, Mr.Osborne ???? Much more emetic than you first thought ….
They should be stood on the SS Great Britain , Going down like the Titanic !
Ha ha ha !
Sky news reports that a million pounds a year will be cut from prisoners wages !
prepare for a very warm winter of burning prisons when they find out !
They can’t do that !!!
We used to give our wages to the prison officers as the poor dears seemed to need it more than we did.
Radio 5 at 0700 some dozy bitch complaining that the inmates are not on the minium wage for FS !!!
Good idea. Pay prisoners the minimum wage. Prisoners are housed, fed and paid by the taxpayer. Surely this should count as a benefit in kind and the appropriate sum be deducted from their wage? If students can come out of uni. with a mountain of debt, I see no reason why the prison population should not be in the same boat.
There is a delightful crunch of retributive justice to your proposal, however the only way that most of these prisoners will be able to repay the debt is through further illegal activity.
Maybe the only solution will be for them to be indentured to the state for the duration of their working lives, or until the ‘hotel costs’ of prison are repaid (assuming that work can be found for them in the first place).
The campaign to bring back slavery starts here!
Introduce a prisoners’ tax – similar to student tax, they can then pay it off after release. Lifers expected to do hard labour
Unfortunately, having prisoners doing work for nothing just puts someone else (non-criminal) out of a job.
Someone else = low paid immigrant worker ?
It’s the Russian oligarch’s yacht and Osbourne is Quantitively easing himself into Mandelscum
No wonder Merv is a little queasy
if it’s not hurting, it’s not working
“There is a credible, tough but sensible plan to get jobs moving now… even Guido Fawkes has a better way forward,compared to the failed economic policies of the conservative led coalition” Ed Balls today,
“Lash those wimps to the mast” I say
Yes Merv ,I’ve always favoured the poop deck !
Please i need suggestions as to what bandwagon i should jump on next.
My bandwagon to Fairy Dairy Land. Hop aboard, loser !
Today’s Spot the Difference competition:
1. Ed Balls’ five point plan for the economy.
2. George Best’s twelve step programme for sobriety.
They can have as may plans as they like, but people know what this lot will do if they ever (god help us) get back in to power,they will take the plans to a tame judge to help them dump the plans, we still remember Eddy, the tame judge that threw out the EU referendum lies.
Chronic spendaholics put their names down on the waiting list (minimum 3 years) for the next round of £££ abandon.
It looks like two people on what looks like the front end of a boat, after that it all gets hazy.
Good start to the week with stock markets heading southwards again.
It will be just Deadwood’s luck to be be standing up as the currency markets fall off a cliff, masking his platitudes to the multitudes. The world’s media will just ignore him. Perhaps Guido will take screen shots of £:€, £:$ and the FTSE as Geekward stands up to gurn and lisp, and others when he sits down to muted applause and Bronx cheers.
The Greek economy is tiny compared to Italy and Spain, if the Eurocrats can’t work out how to coerce Greek politicians to do something to save French Banks, then what happens when the bloated beast of Italian government debt rears up over he horizon.
Will Call Me Dave agree to more IMF subscriptions to bale out Greece, and the remaining PIIGS, or will he say enough.
He will say that he’s not bailing them out and that they must look to themselves whilst passing them our pensions under the table. Cameron is Heath’s heir.
If printing money out of thin air led to economic prosperity, mankind would have eliminated poverty shortly after discovering the printing press. The real problem is our >£1tn debt and that government spending is 50.1% of GDP. We are now more socialist than capitalist. You cannot “boost” the economy by having the government simultaneously destroy the value of the medium of exchange and also decide how over half the nation’s resources are allocated. It’s a proposition that has been tested to destruction countless times in Earth’s history and this time the result will be no different.
Had a good laugh at that one this morning (no not the cartoon), EdBalls has a 5 point plan which will save our economy and the world, he just told Jim all about it so it must be true.
It stands to reason that the serial incompetent who got us into this God-awful mess is the one to dig us out of it. Very convincing argument from this repulsive bully-boy and smear merchant.
Were in deep doo doo ft he ever gets to power, were in deep doo doo now but oh dear the bottom of what were in now is the top if the Liebour lunatics get in.
“Will Call Me Dave agree to more IMF subscriptions to bale out Greece, and the remaining PIIGS, or will he say enough.”
Well, on the basis that Call-Me-Dave does not consider it his duty to fight our corner, I would say that the answer to your question is as clear as the balls on a dog.
My post at 40 was in response to 35, but for some reason…..
Dave has his eyes firmly on a seat in the EU commission after he’s finished shafting the country. Don’t expect any consideration of the Electorate to get in the way.
Just jump in the hellicopter and get out of here.
We should follow the Swiss example.
bollocks to the rest – put number one first!
Couldn’t possibly do that old chap!
Please try to keep up.
Swiss have just locked CHF to the euro. Will ” spend whatever it takes” to maintain 1.2 TX rate.
Applaud the newest members of the transnational suicide pact.
How come were still not hearing about the massive gas finds around Blackpool, I would have thought this crowd and blue Liebour would be shouting that they found it and all would be ordering their new Bentleys and building luxury villas on various Carribean islands, very strange.
The chief defect of Mervyn King:
He always did the easy thing!
He let the bankers speculate
For it was WORK to regulate
And left it to the FSA,
Which caused disaster and dismay.
He ran a loose and sloppy ship;
Supplies of money he let rip;
As Gordon wildly overspent
The banks quite gaily overlent
While Mervyn smiled and puffed his cheeks
And NOTHING did for weeks and weeks.
At last there came the credit crunch -
Merv even took a break from lunch
To stuff the banks (we’d cash to burn)
And ask for NOTHING in return.
So he continues to this day
Taking the smooth and easy way
Trying always to be pleasing
With yet more quantitative easing
Ignore the way the graphs are curvin’ -
Please raise a glass to our dear Mervyn!
QE2=Inflation=debt=gloom
Recovery plan+judiscious spending+bank activation+professional management = possible relief.
But do the four elements exist?
Excellent, Sir William. This deserve a wider audience.
It should be the SS IMF running out of lifeboats.
Dropping cash out of helicopters was the activity that I had anticipated. I just wanted to know where to stand – so I could be ready to shovel it into bags and make a getaway to the nearest bank in order to convert it, at their usurious rate, into Norwegian Krone – in the vain hope that the resulting proceeds might just cover the fuel costs entailed by my car ride.
NOK NOK
– Who’s there?
Roian
– Roian who?
Roianation
‘kinel, a reasonable effort.
I’m going for a lie down.
Intelligible, apposite cartoon for a change.
The boy stood on the burning deck
Whence Gord and Al had fled
The flames that lit the awful wreck
Were fanned by Ed and Ed.
Yet beautiful and bright George stood
As born to rule the storm
A creature of heroic blood
A proud though childlike form.
Tom Hanks and Michael Barratt (off Nationwide c. 1975)?
What’s this all about?
why oh why bother with these dreadful drawings of toe curling unfuniness. Oh yes I know it makes the rest of us feel razor sharp with wit on a monday morning.
Are rich and mark too busy poofing each other up the jacksie over the weekend to bother to come up with anything even remotely funny funny let alone well drawn.
How much do they get paid. Whatever it is would be a disgrace
Bad cartoons are one thing, but ripping off Steve Bell and still not being funny is unforgiveable.
How to bail out a Bank using a bucket, First throw cash over the side and use empty bucket.