Saturday, January 28, 2012

Not a Single Billion More

George Osborne gave a cast iron promise last October:

“Britain will not be putting money into the bailout fund either directly or through the IMF… the IMF exists to support countries, it does not exist to support currencies. The IMF contributing money to the eurozone bailout fund, no; Britain contributing money to the eurozone bailout fund, no. That is Britain’s clear position.”

Ed Balls and Tory backbenchers are at one on this, it is for Germany through the ECB to support the €uro. The American and Chinese Treasury ministers agree, it is not the purpose of the IMF to bailout an ill-conceived currency union. Don’t forget your promise George*…

*Guido hasn’t forgotten his IMF promise.

Saturday Seven Up


Seen Elsewhere

From the IRA to Windsor Castle | WSJ
Coulson: Everything You Need to Know in 6 Seconds | MediaGuido
Mo Ansar’s Silence | Adrian Hilton
Gove Loses WWI Battle | Conservative Woman
5 Reasons Labour Likely to Win General Election | Sunny Hundal
Dave Surrounded By Topless Women | Sun
UN Loony says Britain Most Sexist Country | Sun
Farage is a Good Reason to Leave the EU | Dan Hannan
UKIP Blocked Expenses Questions | Times
NHS Showdown Coming | Paul Goodman
Sons of Brown | Telegraph


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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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