Saturday, June 16, 2012

Progress for Liam

They gave Liam Byrne a punishment beating. The Labour left demanded his head on a platter, so Ed removed him from his policy role. Now they want the Blairite Progress faction outlawed.

Whatever could Liam mean by this tweet?

GDP Growth Was Higher in the 1930s

On the Today programme yesterday morning Ed Balls claimed Osborne has made a giant mistake and cuts in public spending are the same mistake made by Snowden in the 1930s. Balls is wrong, as a recent pamphlet from the Centre for Policy Studies by George Trefgarne shows. After the 1929-31 Wall Street Crash the British economy recovered rapidly in the 1930s:

If only we currently had a growth rate like they averaged in the thirties…

Saturday Seven Up

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