George’s Mangled Medicine

George Osborne has taken a bashing this morning following his decision to fork out another £140 billion to the banks. The Institute of Directors warned that Funding for Lending will do nothing to make businesses want to borrow, noting that the move fails whatsoever to address fears over the Eurozone crisis.

The Institute of Economic Affairs were particularly damning, chastising the Chancellor for getting into a “terrible muddle” over banking policy and suggesting that “the left hand of the Treasury does not seem to know what the right hand is doing”. They highlight the fundamental contradiction between FSA regulation reducing the flow of funds to borrowers while the government subsidises lending from the very same banks. That GCSE maths textbook might come in handy.

Meanwhile Ed Balls backed the plans, saying “I welcome any action”. Says it all really…



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

Adam Spiegel, producer of Nazi themed “The Producers” musical says…

“Margate seemed a perfect place to start the promotion. I’m disappointed but not entirely surprised to see that UKIP are trying to hitch a publicity ride on the back of the show.”

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

Senator Disproves climate change by lobbing snowball Senator Disproves climate change by lobbing snowball
GCHQ take tips from horror movie GCHQ take tips from horror movie
Happy International Polar Bear Day! Happy International Polar Bear Day!
Met Police Accuse Guido of Collusion With Press Gazette Met Police Accuse Guido of Collusion With Press Gazette
Miliband Speaks on #TheDress Miliband Speaks on #TheDress
Future of Journalism Update Future of Journalism Update

Hacked Off Rally Was Deeply Unpleasant Hacked Off Rally Was Deeply Unpleasant
Nazis Invade UKIP Conference Nazis Invade UKIP Conference
Farage on Course to Win Thanet Farage on Course to Win Thanet
Sadiq Khan Spoke at Jihad John Group Event Sadiq Khan Spoke at Jihad John Group Event
Government Blames Facebook for Lee Rigby Murder Government Blames Facebook for Lee Rigby Murder
The Hysteria of Hacked Off The Hysteria of Hacked Off
Simon Carr’s PMQs Sketch Simon Carr’s PMQs Sketch
Charity Fat Cats on £145,000 Charity Fat Cats on £145,000
Meet the Lesbian Tech Queen Meet the Lesbian Tech Queen
Balls on His Sexual Prowess Balls on His Sexual Prowess
Tory Candidates: EU Bad For Business Tory Candidates: EU Bad For Business
Soubry: I Said ‘Rubbish’ Soubry: I Said ‘Rubbish’
Follow

Get every new post delivered to your Inbox.

Join 1,776 other followers