Incompetence Rather Than Infighting
11:29:
Chris Leslie MP, Labour’s Shadow Treasury Minister, in response to today’s Project Merlin figures said:
“After a year it’s now clear that George Osborne’s backroom deal with the banks has been a total failure… et cetera
11:48:
Commenting on the Project Merlin figures published by the Bank of England today, Shadow Business Secretary Chuka Umunna MP said:
“The news that the lending targets for small and medium sized businesses set under Project Merlin have been missed will add insult to injury for firms… et cetera
Labour are denying that their flurry of press releases represents a rift between their Shadow Business and Shadow Treasury teams. Chuka is higher up the ladder than Chris Leslie so could well be a little peeved that his much-loved thunder was stolen. However if it isn’t a rift, then it’s another sign of increasingly poor press management. Another win for the mythical Labour grid…
Just lying and incompatant, they are politicons.
and zero policy.
You’re banned btw.
both wankers
you too perv
This place B_O_R_E_S me
incompteance… where twice as much coverage from BBC and guardian and guido…
non-story – move along
The Business and Treasury brains of Poo Labour
Chukka is a posh public school boy employment lawyer and Chris is a career politician (who was Charlie Falconer’s bag boy – so he is well acquainted with success – NOT).
These two career “opposers” are now locked in a deadly battle to be the first in front of a microphone.
It doesn’t matter if they spout rubbish or are immediately contradicted, because the lobby press have a memory measured in nanoseconds and a voracious soundbite appetite as they can no longer access MP and SpAd phone messages for the real griff.
Heaven forbid Poo Labour (coz they really are shit) actually manages to give a brief to someone who actually has some relevant experience or even better an interest.
Heaven forbid Labour actually manages to give a brief from someone who actually has some relevant experience.
‘Incompetence’ is written above and you still spell incompetent incorrectly you incompetent twat.
Actually, BiIIy is incontinent.
Incompetant?
Buy some pads from the chemist.
Lending is only 99 point something percent of the target. Since when did Labour ever manage to come that close to meeting a target.
We always hit our ‘imported voter’ quota
but have you seen the tractor stats?
Labour in being shit at stuff shocker.
Who’d have thought.
I ‘ate Liebour.
Doesn’t mean that everyone who applied for a loan didn’t get one ?
Tonto did, but then he’s mates with the Loan Arranger.
If these people can’t even co-ordinate a press release, imagine how useless they’d be trying to run a government department.
+++BREAKING NEWS+++
Labour are incompetent.
No need to imagine, look at the mess they made the last time!
In true politico style they forgot to mention that the only bank not meeting the lending target was the RBS, Labour’s favorite bank. Btw, wasn’t Hester hired by these idiots themselves?
I’m the boss of these fuckers. They should of left it me the stupid fuckers.
Almost forgot my theme music:
I misread that as Rectal Reeves. Then I thought, “yes, that’s about right.”
really, small business does not give a fuck which bunch of wankers are in government
All Governments hate small business
So Project merlin figures miss target. Big deal.
Banks are not in the game of lending money to losers, well certainly not now, having committed the offence of bad credit decision making and wrecking balance sheets, they will only lend securely and safely.
Any government expecting banks to lend recklessly again, after a serious credit event as we have had, has got to be totally disconnected with reality.
The whole idea was stupid from the start and the sort of reaction and plan you expect from an autarchy, which last tinme I checked, this country hadn’t yet become.
If Westminster wants wider lending then it make the write off procedures easier, whilst revising laws.
Anf there’s fat chance of that happening with this coalition.
Q.E. That’s the Ticket .
Jeremy Kyle and Will Smith?
The one on the right is Kif from Futurama,not sure about the prick on the left
Chuck-Khan
Useless, clueless, shallow, wide of the mark, ineffective, self serving, irritating, pointless, fuckwit.
This no hoped fails to see that lending was nearly there. Not having a clue about business because he has never built anything before, he fails to see that most people approaching banks do so in such a poorly, unprepared shambolic manner.
Cheap shot, bandwagon merchant.
Of course Chucka-Khan would have use believe that if he was in charge all this would be sorted, or would it Chucka ???
If he was in charge we’d ALL be wearing Armani.
I’m ALWAYS RIGHT.
Chris Leslie displays great judgment. He married one of my Spads.
Not really good judgment, he just needed a ‘beard’ for cover – wonder where he got that idea from ?
Ask around, you’ll soon learn his natural inclinations.
how many suitable names can be think of that best fit with Chuka?
CHUCKA-IN-DE-BIN ?
Chukka-Khan
I see what you have done there… very clever
Pop singer and a part of his name
1 Reichtsmark to you, Sir. 1 to you.
This gag I heard a while back in reference to boundary changes where Chukka could be fighting for same seat as that other great brain of labour Khan somebody.
Spear-Chuka
Chuka upa my gutsa.
Chuka-WHO
Huhne-ga huhne-ga huhne-ga Chuka!
Upchuck Obama.
Except that Obama at least read law at Harvard, while Upchuck could only manage Manchester and Nottingham.
A pale imitation of a cut-price Messiah.
Why should anybody in the UK excepting their paid client voters believe anything these Labour repeat failures say or propose to do is beyond me! It is the unanswered question!
Did anyone watch Brillo on Sunday. Tom Watson MP (the new creapy quiet version) was interviewed by Brillo who questioned him about his £100,000 expenses claim for a flat. Watson said it wan’t quite as high as the figure Brillo gave, and then just laughed about it.
Nice to have it confirmed how two faced Watson is, and what a large shit he is to boot.
Still Watson only talks about the Murdochs, no mention of other media hackers.
Chris Leslie is playing ‘Divide and Rule’.
Politicians like these two haven’t a clue about running a business or employing anyone. Banks over the last 10/15 years have stopped being Banks in the tue sense of the words and have become money machines for an elite few at the top.
Anyone with a small business will be living within their own means and sitting tight. When Governments start to realise that growth in the economy comes from the bottom of the pile not from printing money, things might start to change.
Upchuck’s got lots of experience with employment – well, tribunals anyway. He was an employment lawyer before he started his inexorable climb up the greasy pole that is New Labour affirmative action.
You have a good point though – when the BoE are giving clear signals that the base rate will remain low for the forseeable future, it makes sense to defer any borrowing as long as possible since there is no fear of rate rises making it less palatable later. The strategy of low interest rates combined with excessive business taxation and regulation is in fact a barrier to growth, rather than an incentive. Too many Labour placemen remain on the MPC – Keynsians all.
Another ex-lawyer becomes an MP.
Why am I not surprised to hear that!
And soon to be an ex-MP as well one would hope
Hmmm… not sure about that, P. It might bring forward borrowing, reassured by the knowledge that there will be no hit on interest rates in the near future.
The whole strategy is to inflate away Government debt and keep the house price bubble nominally inflated. The houseowners with £250k houses will still have houses ‘worth’ £250k, but will be too stupid to realise that £250k will be worth fuck all after a few years of inflation.
Of course private debt will still remain because only the Government can print money. (Well, actually, my mate Derek can too but that’s a different story. The ink still smudges a bit though, he’s got to work on that).
Leslie and Umunna, what a slimey pair of shits. They speak, they lie.
Fuck off with your p e a moderation. Fucking pathetic.
It irritates in particular because it exists purely to prevent a certain Bo’ Selecta inspired attack on Di-an-e race-hustler Ab-bot.
Leslie and Umunna, what a slimey pair of shits. They s p e a k, they lie.
Or an example of incompetent infighting, perhaps?
Umunna to Leslie. Does the chip on my shoulder look big in this suit?
Guido, how did you miss this? Boris’s fragrant sister Rachel was in the Evening Standard magazine recently looking mighty sexy. Forget Sally Bercow, I’ll take Rachel any day.
http://i.thisislondon.co.uk/i/pix/gen/2012/02/rachel-johnson-33161.jpg
http://i.thisislondon.co.uk/i/pix/gen/2012/02/rachel-johnson-33162.jpg
Appears to me that a shortfall of less than 1% of the target is not a TOTAL failure.
If the Banks had lent 1% above the target would Labour be saying this a TOTAL success?
Fuck!
Will Rogers once observed that he belonged to no organised political party– he was a Democrat! Mutatis mutandis “Labour.” (Who are pretty much mutants anyway.)
And what did Triger have to say about this?
You’re thinking of ROY Rogers. Or else you’ve been getting rogered a little too much lately.
http://en.wikipedia.org/wiki/Will_Rogers
The BBC hasn’t quite cottoned on to the fact that the call for bonuses in organisations publicly funded by the taxpayerto be cut(stopped) and a review of salaries be undertaken applies to them and are enthusiastically backing such moves…(for the moment until the penny drops that is)
Project Merlin?
Erm, Project Merlin.
I see.
I’ve lost track of who’s playing at being Chancellor these days. Presumably Dave got the Guinevere part. (Unless they’re all running around in circles, pretending to be Spitfires, of course).
Google liverpool 47 muslims
I do not need a fuckin half wit socialist in a suit to tell me Osborne’s dealings with the Bank’s are a failure.
If he was doing a half decent job holding Gideon to account he would have clear answers to the following:
1. How much money is the taxpayer down on Northern Crock including all toxic assets still with the taxpayer?
2. Whether or not it is in the interests of taxpayers to seek to prescribe the executive workings of state owned banks and if so what should be the form of that prescription?
3. Why has the 2% inflation target been consistently missed on a monthly basis by this Government and what action do the Socialists say should be taken to remedy the situation?
4. Where are his detailed proposals for share option bonuses?
Just stop trying to spoon feed us dollops and dollops of utter crap.
Per BBC, 9 February: The Bank of England “added that without another stimulus from QE, inflation was likely to fall from its current 4.2% to below its 2% target, as rising unemployment and falling import and energy prices fell away, and as the VAT increase from 17.5% to 20% last January also dropped from the annual comparison.”
http://www.bbc.co.uk/news/business-16963116
Any further comment necessary?
Merv was consistently failing to meet interest rate targets long before the coalition came to power.
Meeting the target is the one key metric that the BoE is supposed to hit.
And yeah, QE is designed to raise inflation. Not that they would admit it is the main object of QE.
Since when Have either of them manufactured anything except their own images
Chuka higher up the ladder? i thought he would have his foot on the bottom rung steadying it for the window cleaner!
Chuka Umunna is just another untalented over-promoted member of the chosen group who shouts over other people on interview. I would rather stick red hot pins in my own eyeballs than vote for that tosser.
There was me being told that it was irresponsible bank lending that caused the whole credit crisis and now the politicians are urging the banks to do it all over again. Brilliant! Surely lending money willy-nilly to risky companies is even more reckless in a period of low growth?
Come on Guido. Ask the questions that dishonest politicians and the BBC are too afraid to ask. Why do they think risking another banking crisis is a price worth paying for reckless bank lending in order to meet a political target?
4 UMMA C PAWSZ@ O3.23
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ASTA