June 16th, 2012

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…


336 Comments

  1. 1
    Ed Balls - Shallow Chancer says:

    I always was a stranger to the truth.

  2. 2
    Francis Maude says:

    I urge the electorate to vote UKIP at the next general election.

    The Sun newspaper will be backing UKIP,in addition to my good self.

  3. 3
    Joss Taskin says:

    Had we had a Liebour government in the late 1920’s/30’s ?

  4. 4
    the 0% says:

    Like everything else, inflation has eaten away at growth figures.

  5. 5
    Sizzla says:

    Ed Balls is wrong on everything, at every level and every time.

  6. 6

    Wish we had the debt levels of those times now.

  7. 7
    Red Ed's non-predator union bosses says:

    A UKIP vote is a vote for Labour !!

  8. 8
    Gordon Brown THE great leader says:

    Growth is easy, just borrow, print spend and tax, then put lots of adverts in the Guardian for lesbians to earn 70K a year as diversity officers.

    Or give John Prescott 10 billion to spend on fire control rooms.

    Put me back in charge and I will fix things overnight.

  9. 9
    Owain Glyndwr says:

    Robert Peston of the bbc stated that ed balls made a compelling comment on the economy this morning:-

    “Unless you listen to my five point plan I will thcream and thcream and untll I am thick”

  10. 10
    Owain Glyndwr says:

    You have got to laugh, awards handed out for corruption, this morning tessa jowell and her mortgage signing service has been made a dame

  11. 11
    randy peoples says:

    I’ve got a 15 inch level of debt, interested?

  12. 12
    Тасhуbaрtus says:

    Yes, all under Ramsay Macdonald, all a shambles. Lab-Lib coalition 1924, lasted for 9 months. Lab 1929, collapsed in 1931, replaced by National Government till 1935. They started as they have continued.

  13. 13
    Lloydjj says:

    Facts have never hindered Balls when he wants to make a political point.

  14. 14
    AC1 says:

    Yet the “New Deal” polyticks extended the American depression.

    Funny that schools taught the opposite of the truth?

  15. 15
    Im A Plant says:

    CPS not biased either then???

  16. 16
    hang her says:

    Outrageous affront to decency

  17. 17
    Mad, Bad & Dangerous Gordon McRuin ( Member in absentia ) says:

    Another proud, Liebour Scot ruining the Country !

  18. 18
    Owain Glyndwr says:

    Where is anon this morning, miss the comments from the plastic jock

  19. 19
    Archer Karcher says:

    A vote for Cameron is a vote for more of the same progressive shite Labour foisted on us.

  20. 20
    Albert hall says:

    He is pretty thick

  21. 21
    Mrs. Ball-Scooper ( triple flipper ) says:

  22. 22
    From the Empire to the local flea pit. says:

    But we ruled an Empire in the 30s, this time we are just a state in the EUSSR

  23. 23
    another anon says:

    Probably still asleep in a skip.

  24. 24
    Ed Balls is going for broke says:

    http://biased-bbc.com/2012/06/15/spend-spend-spend-er-dont-tax/

    also here on Ballsian economics

  25. 25
    Archer Karcher says:

    Your understudy Osborne is following your example Gordon, in fact he’s exceeded your economic lunacy at every level so far.

  26. 26
    Gawd Help Us says:

    If possible vote for anyone but Lib/Lab/Con that will really screw them up.

  27. 27
    Archer Karcher says:

    Crooks rewarding crooks, who would have thought it?

  28. 28
    Alex Salmond says:

    Independence for the jocks now!

  29. 29
    Owain Glyndwr says:

    Stephanie “two eds” flanders should have had an award this morning for “perversion above and beyond the call of duty”

  30. 30
    Archer Karcher says:

    Agreed, with the exception of the even worse ( if it’s possible ) Green idiots.

  31. 31
    General rule of thumb says:

    Listen to what Ed Balls says and do the opposite.

  32. 32
    Archer Karcher says:

    Peston is also a communist trained member of Common Purpose, the Marxist “charity”.

  33. 33

    Quite unsustainable at that level.

  34. 34
    Proceeds of crime act says:

    Dame Tessa of Sleaze

  35. 35
    Bugler Bert says:

    So Ballsache makes his usual bollocks of anything financial. There must be a good reason for his persistent stupidity; did his wife hit him too hard with a rolling-pin?

  36. 36
    Owain Glyndwr says:

    caught him beating his meat over photo of two eds flanders

  37. 37
    The Paragnostic says:

    What puzzles me is the nagging suspicion that most of the debt is just the result of governments printing money to devalue themselves out of previous debt – that we are in fact in a vicious circle that the politicians and central bankers create to give the illusion of growth when the real per-capita GDP is static.

    The exponential increase in debt since the dropping of the gold standard (and the resulting lack of anything concrete with which to compare the debt) tends to make me think that this is the case.

    Compare gold prices in the 1930s to now, and the debt is roughly equivalent.

  38. 38
    Lembit's cheeky felcher says:

    and a blithering wanker

  39. 39
    The basic flaw in your argument says:

    Nice diversion theres, show a comedy video made by scots having a Joke with some self effacing humour and use it to pretend that everything is the fault of said scots as a whole completely ignoring that the lunatic economic policy enunciated his morning from Mr Ed Balls came out of the mouth of an Englshman. Nice one, smoke and mirrors.

  40. 40

    To conquer Ed Bollocks…you must become bollocks…

  41. 41
    AndrewN says:

    The two years after the crash look very similar in terms of annual growth to the last two years of this current turmoil. Not saying I agree with Gideon’s current policy, but it’s a trend worth noting.

  42. 42
    Gonk says:

    We really have got it terribly, comically, tragically wrong for Britain.

  43. 43
    More evidence implicating the Jocks says:

    The following Scottish People have been identified as behind and/or supporting this latest economic policy to spend spend spend

    Ed Balls
    Robert Peston
    stephanie Flanders
    Ed Milliband
    Harriet Harman
    John Prescott
    Bob Crow
    Len McCluskey
    Tom Watson
    Rachel Reeves
    Sally Bercow
    Chucka Umunna
    The Eagle sisters

    As. Soon as these above mentioned jocks are sent home to jockland the better for England.

    Errrrr are you sure ( Ed.)

  44. 44
    We're NOT the reserve currency anymore says:

    Exactly, so much has changed it’s like comparing apples to oranges.

  45. 45
    More evidence implicating the Jocks says:

    And of course honourable mentions must be made to the following Englishmen if only we had more like them

    Michael Gove
    Brillo
    Fraser Nelson
    Douglas Murray

  46. 46
    Business Cat (Specializing in yarns, Cdn owned & op) says:

    Wasn’t that spike in 1934 caused by going off the gold standard? The Euro is acting like a gold standard in the PIIGS countries (they don’t like to be called that).

  47. 47
    Well it's a thought says:

    Just a thought, kick my head in if you must, but wasn’t that the time where a certain mustachioed in a country that seems to be trying the same trick but a different way and this country was rearming as fast as both could along with country that eats snails and kicked off a lot more countries into rearming knowing the world was heading for a major war.

  48. 48
    Business Cat (Specializing in yarns, Cdn owned & op) says:

    I’m seeing more and more comparisons to the 1930’s. Krugman at NYT was comparing them the other day. He recommends printing money.

  49. 49
    More evidence implicating the Jocks says:

    Ps I would have included Nigel Farrage in my list of Englishmen but with a name like that he is clearly a Frenchman.

  50. 50

    Happy birthday Mr Powell.
    This should be on the Google search page.

    http://en.wikipedia.org/wiki/Enoch_Powell

  51. 51
    Leedschris says:

    Yes, going off the Gold Standard was a key help to recovery – it led to a significant devaluation of the Pound. There is a correlation between those countries that left the Gold Standard soonest and those that recovered earlier and faster. Britain did relatively well from the mid 30s – certainly in the Midlands and South there was a significant expansion in jobs and incomes and massive increase in new homes and home ownership. My own Grandfather bought his first house for, I think, £200 in 1936.

  52. 52
    Jimmy says:

    He should have known better to get a rightie started on the 30s, or “the good old days” as they prefer to call them.

  53. 53
    UKIP.I.AM says:

    There are many myths that are peddled by dangerous unprincipled liars like Balls. It is up to people like Guido to put the record straight. The BBC will certainly never do so.

  54. 54
    Felix says:

    The CPS is biased, but facts cannot be biased by definition.

  55. 55
    the wee man says:

    Hahahahahahaha, doesn’t take much to get a chippy jock going do it?

  56. 56
    Libertarians = anarchists = cosmopolitans says:

    Krugman’s kin also recommended that back in 1920’s Weimar Germany. Look what that led to. Hitler turning Germany around within a few years by dismissing the cosmopolitan’s web of international finance. Socialism in one country was the success of Germany as opposed to the fraud that is international socialism that we have today.

  57. 57
    Come again ? says:

    Ah Yes the 1930’s a glorious era of Fabians, communists, National Socialists and all things totalitarian where the Stae was preminent above the individual . Sorry did you say “Righties” ?

  58. 58
    Mad, Bad & Dangerous Gordon McRuin ( Member in absentia ) says:

    Fok yee !

  59. 59
    piss off says:

    We’ll be calling these the good old days once we’ve entered Mad Max territory Jimmy, and we’ve only got the huge increase in debt and deficit during Labour’s reign to thank for that.

  60. 60
    Nothing better to do says:

    Going off the Gold Standard was done because Britain’s wealth was squandered in the First World War. It allowed a temporary improvement in economic indicators but contributed to the long term decline of the country. Remember the British Empire and industrial revolution both happened entirely under the Gold Standard and prices remained almost entirely stable for over 200 years meaning that wealth could be built and saved. Contrast that with the record since we moved to fiat funny money. Inflation, decline, massive government, almost constant war since 1939. Gold keeps politicians honest, that’s why they hate it so.

  61. 61
    M says:

    There’s. Nothing wrong with spending to get a return when the the return for the uk in £s not votes to stay in power .

  62. 62
    Jimmy the Dhimmi says:

    Sadly, if we ever get any ‘good old days’ under the lefties, the resultant bills are gigantic.

  63. 63
    UKIP.I.AM says:

    The problem is not just the debt but the fact that

    a) the debt is remorselessly increasing because of high public sector spending that the LibLabcon alliance pretends is being slashed but it is not. A current day myth.

    b) back in the 30s we had a huge trading Empire with the Commonwealth and a big manufacturing industry that the unions had not yet destroyed.

    Where is future (real) growth going to come from?

  64. 64
    Dame Tessa of Sleaze says:

    Tessa jowel has been made a Dame presumably not because of her inability to read and understand a mortgage application form. To be fair though its just as well she didnt read nor understand it since if she did she would be guilty of corruption.

  65. 65
    Archer Karcher says:

    The Nazis and fascism are competing left wing versions of socialism Jimmy. Get over it.

  66. 66

    The lack of benchmark is indeed a very valid objection to making comparisons.

    There are risks though. I have similar thoughts about massaged figures which show growth rates in decimals of a percent and wonder, if the fiddling were to be removed, what they really are. I laugh when people say Oh! -0.1% calamity! when they previously said 0.1% Great! We are not in recession! What is the freaking difference? Bugger all.

    Look at an old Pathé newsreel and it is hard not to believe that we are not more prosperous in recent decades. Obviously we have nearly all gone into debt to get there. If you manage to liquidate your debt, then it all seems so much rosier and you reason that it will follow for others behind you. Right at the moment, it doesn’t seem that way at all, even for those with employment. For the unemployed with mortgages, it must be a nightmare. Probably it can only get worse.

    At the most pessimistic level, if society collapses, then what good would gold be? You need to grow your own food and be able to shoot anyone who attempts to steal it.

  67. 67
    true says:

    Krugman is a self regarding wanker.

  68. 68
    Anonymous says:

    Didnt take long for chippy inglander posing as weeman to bite. Pity he had fuck all to say .

  69. 69
    Any way , in other news it says:

    Labour party are making redundancies , interesting to see what the unions think .

  70. 70
    frying 2nite says:

    “Socialism in one country was the success of Germany……..”

    So the holocaust was a success then was it?

  71. 71
    lost causes says:

    its such a pity someone hasn’t managed to nail ed balls..he must rate as one of the slimiest two faced scumbags to hold office…his very manner is irritating and what he says as usual snided to make believe he was a economic alchemist ..walking joke.

  72. 72
    UKIP.I.AM says:

    Gerroff my land!

  73. 73
    the wee man says:

    I do have something to say, you’re a whiny jock cuпt.

  74. 74
    Ah! Monika says:

    BBC News….Breaking…..The English Language

    ” The Queen has only missed attending one Trooping Of The Colours ceremony, when the event was cancelled”

  75. 75
    The Red Queen says:

    ‘unions’ and ‘think’ in the same sentence ….. mmmmm !

  76. 76

    My gun is bigger than yours…

  77. 77
    bbc fanclub says:

    who when he speaks sounds as if hes mid wank

  78. 78
    genghiz the kahn says:

    Dame Tessa Jowell of Hacking in The County of Lancashire.

  79. 79
    genghiz the kahn says:

    Cutting too far, too deep and too quickly.

  80. 80

    Indeed. History will be kinder to him than it is now.

  81. 81
    The BBC are cunts says:

  82. 82

    Rightie tightie
    Leftie loosie

    My plumber told me that, sagacious man.

  83. 83

    I think all civilised people here should be nice and polite to each other whilst the Scotch can go and fuck off.

  84. 84
    annette curton says:

    What do you expect, innit!

  85. 85
    Well it's a thought says:

    Politicians when they have anything to do with anything, the anything is devalued

  86. 86
    Expat Geordie says:

    The trouble with Common Purpose is that it is opposed by people like David Ické. A bit like Gordon Brown, Ické has one sensible policy (opposition to the Euro with Brown and opposition to Common Purpose with Ické), but because of who/what he is he is ignored/ridiculed.

    Incidentally, did you know that the idiot who got arrested in Ryde, Isle of Wight for singing “Kung Fu Fighting” at a Chinese takeaway was Ické’s son-in-law?

  87. 87
    s of f says:

    you’re on good form moniker ..are you taking new meds ?

  88. 88
    The Paragnostic says:

    “so the holocaust was a success…”

    No. If it had been, the Middle East would be much more peaceful.

  89. 89
    Sir William Waad says:

    But they had Stanley Baldwin, who was competent.

  90. 90
    He's mad and he's very bad says:

    Yes, that loon Brown hated gold so much that he virtually gave all our gold away for a few worthless Euros.

  91. 91
    annette curton says:

    ♫ There is nothing like a Dame, nothing like a…♫, oo err.

  92. 92
    Expat Geordie says:

    If growth comes about through borrowing based on an artificial housing bubble, (especially after 2002, when it should have burst naturally) and spending on non-productive and non-essential public services, then is it real growth? Have we, in fact, had any real growth since 1997?

  93. 93
    Gordon ( sold Gold at the bottom ) Brown says:

    Gold ?? Sell !!! :)

  94. 94
    Otto Man says:

    I want my empire back. And my marbles.

  95. 95
    Sir William Waad says:

    One of the big political battles of the 1930s was between the Tories who wanted to re-arm, in case Hitler and Mussolini proved to be dangerous, and the Left who, on Stalin’s instructions, wanted the country to be defenceless.

  96. 96
    NewsTripe says:

    Before truth has time to get his trousers on the lie is already half way around the world.

  97. 97
    In the political elite says:

    Crime pays.

  98. 98
    The Liebour Party says:

    CND anyone ?

  99. 99
    Alyingstare Campbell says:

    Oh, yes !!

  100. 100
    Anonymous says:

    So Gary Barlow is suprised to get an O.B.E. He cannot be more surprised than those who watched that goddam awful concert. He ought to be put in the Tower.Is there anyone out there who thought the concert was an insult to a Diamond Jubilee. I’ve heard nothing except gushing praise from press and sycophants. Total disaster.

  101. 101
    SLOTGOB says:

  102. 102
    Joss Taskin says:

    Wonder if they declared any rental income ?

  103. 103
    Anonymous says:

    Dame Jowell – more like Pantomime Dame Jowell

  104. 104
    jgm2 says:

    It doesn’t matter that it’s a lie. The lie has been reported.

    The truth is much less interesting. Expect bedwetters everywhere to be rep*eating the lie from now to Kingdom Come.

  105. 105
    'Mad' Hatty and her Olumpic Hod Humpers says:

    Be fair, – there ain’t many wimmin who can beat us at socialist dialectic!

  106. 106
    The Ruling Class can Kiss My Arse says:

    May they rot together

  107. 107
    Anonymous says:

    We’d be in a worse state if we were fully in the clutches of the EUSSR.

  108. 108
    Wee Jimmy Krankie says:

    0%…I call that growth!

  109. 109
    Expat Geordie says:

    The problem is that “growth” is meaningless to people without a job. Unemployment is always one of the last things to fall, despite there being an increase in growth. We still had 1.5 million unemployed at the time of Dunkirk, and this was after 8 years of real growth. So in folk memory the 1930’s are bad because of the unemployment. It’s the same with the 1980’s.

    It should be the same now. Real unemployment has stood at about 6 million for the last 10 years, but the government has had the funds to ensure that it is tolerable, and not the hell that it was in the 30’s. Real unemployment could be halved overnight by kicking out the 3 million eastern Européáns who have turned up since 2004 and taken the bulk of the low paid jobs (I’m not blaming them for coming here and working, but the influx of people prepared to work for minimum wage, which in reality is also maximum wage, and consequently paying minimal levels of tax, has been a disaster for our own unemployed).

  110. 110
    Jean-Jacques Rousseau says:

    Did someone mention cake ?

  111. 111

    The fresh air is wild here…

  112. 112
    Jimmy says:

    “Krugman’s kin”

    Really?

  113. 113
    Jimmy says:

    Is there a big book of guido “history” you get all this bollocks from?

  114. 114

    If children understood how to reason they would not need to be educated JJR

    And if your aunt had balls, she would be Yvette.

  115. 115

    Must be a good lunch…

  116. 116
    Forkbender says:

    Do not forget the Cons idol ADAM SMITH, was he no a jock then, mind you he has been dead for a very long time.

  117. 117
    Blowing Whistles says:

    Which holocaust? – there have been many – sadly though; some people only want to refer to one in particular.

    History is littered with miscarriages on justice.
    Remember the first casualty of war …. The truth.

  118. 118
    A Greek tragedy says:

    Seems that the EU Propaganda in Greece (as in Ireland) is to put the frighteners on the little people to vote the right way this time or they will all be destitute. Of course the reality is if they vote the wrong way is that the rich will be hit and it won’t affect ordinary Stavros one iota short term and longer term a Drachma will make orrdinary Stavros a lot richer.

  119. 119
    it would appear its not just the Left who are deluded says:

    Notice how the bigots cant justify their thick bigotry and resort only to abuse when their shit for brains thinking is exposed. Its plain to see what you are all about folks. Extremists think the same way so your in good company.

  120. 120
    Forkbender says:

    A lot of the American right believe in creationism, they even have a museum where presentday animals and man are alive at the same time as the dinosaurs, in fact in certain states it is illegal to not teach creationism.

  121. 121
    They ae all the same says:

    Let’s face reality. If Gordon had not sold our Goild and it was now sitting in a vault under the BOE. Dave would now be selling it to buy windmills, solar panels and a new train line, he would not be using it for useful things such as nuclear power stations and improving the roads. He’d probably give away a good chunk of it as foreign aid too.

  122. 122

    Look up Sir Kingsley Wood and the shadow factories.

    Trouble is the bastard also invented PAYE which fucks both me and you. Oh! Sorry Jimmy! I forgot…

  123. 123
    at the end of the day says:

    jimmy gets his bollocks out

  124. 124
    Well it's a thought says:

    Something on the news before , Greeks are coming from Australia to vote in the Greek elections to make sure that Greece stay in Euroland, they are scared that Greece won’t be able to trade with the Euroland if they leave, the idiot was a travel agent, brainwashing at it’s best, no wonder Eire voted to stay in, I wonder sometimes who is sane, the drugtakers or the public.

  125. 125
    Blowing Whistles says:

    All the Wars & Coups – since 1914 have been ‘funded’. In fact if one thinks carefully enough about the subject; something ought to be dawning on many people.

    Lets say I am a rich banker – and I want to max out my profit. Perhaps in this Warfare Business – I can fund all sides in a war. I can’t lose and whoever wins will have to pay back all my war loans given to them in the written contract. I will set up the loans with a nice interest rate and recieve war loans repayments for decades. As for the losers they will have to pay reparations and I can get in on that act as well. Double nae even triple bubble. Pit them all at one another and hey ho – a profit here we go.

    Couldn’t – this Business Warfare thing be just what lies behind Murdoch or even his string-pullers?

  126. 126

    You weren’t expecting to see his wallet, were your?

  127. 127
    Shome mishtake says:

    Kindly do not confuse “earning” with “being paid”.

    You may go. That is all.

  128. 128
    Forkbender says:

    It’s now the Banks that create money the mere act of lending creates money, as some of that created money will be spent, some will go into bank accounts which in turn will be lent, the government has very control over lending (the banks wanted no restrictions on their lending and a very small liquidity ratio and Gordo obliged)

  129. 129
    The only way is euro, The BBC says:

    The BBC are also confusing the EURO with the EU. Greece leaving the Euro zone does no equal Greece leving the EU, except in BBC lala land and Brussels propaganda.

    The BBC are even doing it now on their news channel they are having a discussion on Greece and basically saying and Eurosceptics are nutters. There is absolutely no balance in this debate at all.

  130. 130
    Yuk! says:

    The entire “Honours” system is corrupt and dishonourable.

    It should all be scrapped forthwith.

  131. 131
    Forkbender says:

    Gideon calls 0% not negative growth

  132. 132
    Great minds... says:

    Yes, that was my first thought too. Perhaps we need to be building more aircraft carriers and drones [ Not like the ones we have in the HoC!].

  133. 133
    Ping says:

    Was his wife Loosie Lastik?

  134. 134
    Fame at last says:

    Well, be fair now. After all she did have a savings scheme named after her, didn’t she?

  135. 135
    Technomist says:

    Whose decision was it? Someone who wants to bring about the end of the honours system?

    If someone feels like that, the honourable thing to do would be resign instead of insulting the public like this.

  136. 136
    Liam Byrne says:

    There’s no money left.

  137. 137
    just asking says:

    Is she still separated from her husband?

  138. 138
    Yvette says:

    The Labour Party will place cookies on your computer to help us make my website better.

  139. 139
    Beebspeek says:

    Well, HM would have looked a bit silly sitting on her horse all by her royal self in the middle of an empty Horse Guards Parade ground, so perhaps missing it was a good idea.

  140. 140
    just a thought says:

    Whilst the union bosses are raking it in.

  141. 141
    Technomist says:

    The thing is, we are now facing a crisis of business confidence.

  142. 142
    She's be'ind you says:

    Agreed, but this one is a pantomime version!

  143. 143
  144. 144
    Technomist says:

    And may be a few planes to put on the aircraft carriers

  145. 145
    Ed Balls-up says:

    I love baking cookies.
    I’m an excellent chef you know.

  146. 146
    Sit down and shut up says:

    Just what is this persistent obsession with “growth”?

    What is wrong with a period of consolidation instead?

  147. 147

    A neighbour said that a new letterbox had been installed before he realised that it was just Slotgob leaving.

  148. 148
    JJR says:

    I guess Yvette had Ed over a barrel.

  149. 149
    Anonymous says:

    Balls was Brown’s henchman when this economic catastrophe started.
    How the hell he can be held up as some kind of economic expert is beyond me.

  150. 150
    Technomist says:

    Of course, she is as clean as a whistle, which is why her other political endeavours involved pushing through the 2005 Gambling Act and sticking her nose into putting on the Olympics. Yup, she’s clean as a whistle.

  151. 151
    Marie says:

    It certainly wasn’t me.

  152. 152
    I look back on her time on office.. says:

  153. 153
    Liam Byrne says:

    Pretty good at cooking the books, too, by all accounts.

  154. 154

    No new tweets for 3 hours or pages for 4 hours (yesterday there was a new page for every 10 comments.)

    Is anyone close to the Westminster Arms? If so, could you take a quick look to see if the lad is OK?

  155. 155
    Randall says:

    Watch out for the crumbs.

    http://xkcd.com/237/

  156. 156
    Lies, damn lies and statistics says:

    …no wonder Eire voted to stay in…

    No, they actually did not. The turnout was just a speck over 50% – and of that figure only 30% said Yes. That has been spun to state that the Irish voted by 60% to stay in whereas the correct figure remains at 30% of 50% = 15% of the population

    The other 85% did not vote Yes. But it serves then right for not getting out and voting.

  157. 157
    Theresa May says:

    Perhaps you should check your calendar.

  158. 158

    Tonnellerie Rousseau wishes it to be known that they have no connection, apart from name, with JJR.

  159. 159
    Now you know how they cut coke says:

  160. 160
    Anonymous says:

    He operates on the basis of the Goebels dictum;tell big enough lies as often as possible & the people will believe them.

  161. 161
    Liam Byrne says:

    Bet they could use a bung. Pity there’s no money left.

  162. 162

    Pope Pius IX is elected Pope beginning the longest reign in the history of the papacy (except St Peter)?

  163. 163
    Anonymous says:

    You certainly fuxed things but that took 13 years.

  164. 164
    By cheek and jowell says:

    Why, next thing you know that hag Tessa will be created a Dame.

  165. 165
    Anonymous says:

    Agreed Gonk,except for the “comically”.Nothing comical about the situation.

  166. 166
    a beastly bull says:

    Just seen an ad here
    “own a piece of scotland”
    Why would I wish to do so?

  167. 167

    Oops! Hadn’t realised it was Tueday today…

  168. 168
    Theresa May says:

    That would appear to have been a Tuesday, although it would have been Sunday where you are, it seems.
    Here, however, it’s Saturday all day today as far as I’m aware. Ed Minibrain has doubtless decided he’s sick and gone to watch football.

  169. 169
    Ah! Monika says:

    It must be puka ’cause its been seen on TV

  170. 170
    Theresa May says:

    I’m sorry, I’ll type that again :
    That would appear to have been a Tuesday, although it would have been Sunday where you are, it seems.
    Here, however, it’s Saturday all day today as far as I’m aware. Ed Minibrain has doubtless decided he’s sick and gone to watch football.

  171. 171
    Theresa May says:

    That looks like it was a Tuesday, although it would have been a Sunday where you are, it seems.
    Here, however, it’s Saturday all day today as far as I’m aware. Ed Minibrain has doubtless decided he’s sick and gone to watch football.

  172. 172
    Ah! Monika says:

    And you accuse others of early lubrication.
    ?mark outside brackets and S missing from Monday

  173. 173
    Theresa May says:

    That would appear to have been a Tuesday, although it would have been Sunday where you are, it seems.
    Here, however, it’s Saturday all day today as far as I’m aware. Ed Minibrain has doubtless decided he’s sick and gone to watch football.
    .
    (Just realised that it is forbidden to mention Saturdays on here, by order of the management.)

  174. 174
    genghiz the kahn says:

    Baron Brown of Twatt in The County of Orkney.

  175. 175
    I don't need no doctor says:

    Ed Balls could do the people of the UK a big favour if he shut the fuck up and pissed off out of the country. Send him to Jordan, Jack Straw knows how.

  176. 176
    totally birthday jubileed again.. says:

    its good to be english

  177. 177
    you thick twat says:

    ‘you’re’, not ‘your’.

  178. 178
    Ah! Monika says:

    Whilst you have been sucking your mouse I have made and frozen
    4 Spaghetti Meatballs
    4 Pasta Carbonnara
    5 pork fillet in orange sauce, Broccoli,Buttered Carrots and New Pots
    2 Pork in Black bean Sauce, Noodles And Stir Fry Veg
    4 salmon Fishcakes
    and a Bacon sarnie for the Missus.
    And Guido has downed 5 Pints
    And a bottle of £4.99 Chardonnay for me.

  179. 179
    Anonymous says:

    I think you’ll find the full phrase is, “Krugman’s a ‘kin wanker”

  180. 180
    pol potty says:

    Jimmy can’t keep up with history, every time Labour get in it becomes year zero.

  181. 181
    Vazoline says:

    Where is the knighthood I so much deserve and expected?

  182. 182

    Since 1987, I have not worked conventional weeks. It becomes difficult after only a few years to realise that many folks don’t work Saturdays and Sundays. After this time, it is impossible.

    I am cleaning up place after collateral damage from electricians in ten different areas using two vacuums, bucket of water, cloths, dusters and polish. No excuse for appalling punctuation and spelling though.

    No doubt everyone will take it that I am inebriated … so, damn it, tonight I shall be!

  183. 183

    Sіncе 1987, І hаvе nоt wоrkеd cоnvеntіоnаl wееks. Іt bеcоmеs dіffіcult аftеr оnly а fеw yеаrs tо rеаlіsе thаt mаny fоlks dоn’t wоrk Sаturdаys аnd Sundаys. Аftеr thіs tіmе, іt іs іmpоssіblе.

    І аm clеаnіng up plаcе аftеr cоllаtеrаl dаmаgе frоm еlеctrіcіаns іn tеn dіffеrеnt аrеаs usіng twо vаcuums, buckеt оf wаtеr, clоths, dustеrs аnd pоlіsh. Nо еxcusе fоr аppаllіng punctuаtіоn аnd spеllіng thоugh.

    Nо dоubt еvеryоnе wіll tаkе іt thаt І аm іnеbrіаtеd … sо , dаmn іt, tоnіght І shаll bе!

  184. 184
    bender's bollocks says:

    WTF has that got to do with anything you fucking tosser? In North Korea they still believe in communism, and thereby is one of the world’s worst repressive shit holes.

  185. 185

    Touché.

    I fear that today you have the better of me.

  186. 186
  187. 187
    Blowing Whistles says:

    Here’s an Ironic thing. Do keep calm and read it properly mind.

    So 4000 or so inhabitants of the Falklands – will be getting a REFERENDUM [note that word] as to whether or not they wish to remain under the control of the UK.

    Absolutely fine – and bearing in mind that hardly any of them are likely to vote any other way.

    Here’s the Irony then!!! So when it comes to the vast majority of the public inhabiting The UK – being given a REFERENDUM – on in/out of the EU – what do we get …. dithering, rhetoric, spin, lies even, mendacity, horse-trading and a lorra lorra fear-mongering!

    I do love irony.

  188. 188
    The Paragnostic says:

    Politicians are stupid enough to go to war without the nebulous “bankers” pulling the strings.

    Your point probably has validity when looking at some coups, and the US certainly has form when it comes to interfering for economic reasons, but no more so than the internationalists of the left for ideological ones.

  189. 189
    OnMeds says:

    You can make up for it later.

  190. 190
    s of f says:

    thats the best med…have a good summer

  191. 191
    The Paragnostic says:

    All together now –

    Twas on the Monday morning
    The gasman cam to call…

  192. 192
    Ah! Monika says:

    What’s premature for one is an eternity for others.
    Is there a scientific definition of premature?

    http://www.dailymail.co.uk/health/article-2160104/From-inventor-Viagra-spray-help-love-moment.html

  193. 193
    Anonymous says:

    “Cherie Blair and son Euan investigated over claims they breached planning rules by sub-letting basement of £1.3m Marylebone home” – DM

    Is there no limit to their mendacity?

  194. 194
    Theresa May says:

    On Saturday and Sunday we do no work at all …

  195. 195
    UKIP.I.AM says:

    What you forget is that many loans made by bankers default and never get repaid. They get written off. The Argentine debts from their bailouts (what 20 years ago?) are still outstanding. And does anybody really believe the Greeks will ever repay all their debts? When businesses go bust the banks lose out. When there is a bust or credit crunch following a house price boom and house values plummet, many highly mortgaged house owners and greedy property speculators will lose their homes but the banks will be left with thumping losses. If banking was so easy they wouldn’t all be in the financial mess they are in now – even if it was their own bloody fault.

  196. 196
    Anon says:

    “A Conservative councillor for one of the most deprived areas in the country collects more than £1,200 per meeting from the taxpayer, it has been revealed. Sara Cliff has been paid £23,000 to attend just 19 meetings — and to top it off she lives 119 miles from the area she represents.

    While her East Lincoln electoral district is in the bottom 10% of areas marred by child poverty, Cliff resides in leafy Cambridgeshire.

    Sara has been dubbed “the invisible woman” by fellow councillors.”

    Another Tory Trougher.

  197. 197
    UKIP.I.AM says:

    Still juggling them balls?

  198. 198
    ooops its labour again...last one out take the lightbulb says:

    if she did she certainly didn’t hit him hard enough

  199. 199
    Ah! Monika says:

    China launch first women into space.

    Just 669,149,756 left to follow. ( as of 30 secs ago )

    The one baby policy is not working.

  200. 200
  201. 201
    Well it's a thought says:

    They better not without asking can they put a cookie on your computer, new EU law supposed to stop them innit.

  202. 202
  203. 203
    Ah! Monika says:

    Meet that and raise you.
    Have not worked since 1990
    2 Vacuums and a Leaf Blower

  204. 204
    Woman-driver joke says:

    She’ll fly around the planet 20 times in the wrong direction, get lost, read the map the wrong way up, slow down to an absolute crawl (forcing the ISS to swerve out of her way), then she’ll spend 6 hours trying to park before crashing in the sea.

  205. 205
    Rip van Wrinkle says:

    So gold at £20 then, gold at £1600 now. 80 times.

    Earlier a guy said his old man bought his first house for £200. You selling yours for £16 grand??

  206. 206
    Labour-voting Mongs Hate Democracy says:

    “Sara has been dubbed “the invisible woman” by fellow councillors.””

    ‘She’ must be doing something right, if the locals voted for her.

  207. 207
    ooops its labour again...last one out take the lightbulb says:

    isn’t the manipulation of money a banker’s job…the problem with the current scenario is …they fuck up and we pay to recapitalise them…they then stop lending to the meat of the economy and don’t take out the bad debt…they lend elsewhere or hedge.

  208. 208
    Rip van Wrinkle says:

    Dateline, a discussion? F*ck off, it’s a lefty love in.

  209. 209
    Ex Conservative Voter says:

    The loss to the taxpayer caused by Brown’s insane góld sell-off was about £5billion, so the revenue wouldn’t have made a dent in Dave’s insane £11billion p/a foreign aid splurge, let alone paid for much of Dave’s absolutely insane £32billion HS2 railway white elephant. Nor the £13billion he wastes every year on our EUSSR membership.

    But I agree – Dave would now be giving it away. He’s as fiscally incompetent as Brown ever was.

  210. 210
    Noel says:

    I would love to know the equation used to define ‘real’ then I might believe it.

  211. 211
  212. 212

    And you too. I have to go to Cannes in the next month or so. have not been for 18 months.

  213. 213
    Lou Scannon says:

    You’re looking at the wrong banks. It’s not the banks that you and I have heard of who are ‘bailing out’ the likes of Greece, it’s the ones behind the scenes – and they’re not going bust, they’re doing very nicely. Everything’s going to plan, in fact.

  214. 214
    nellnewman says:

    You have to smile at edballs – he who helped gordon sell our gold at brown bottom and then went on to trash our education system, spouting off about how osborne is getting it wrong.

    Talk about the pot calling the kettle b lac k.

  215. 215
    bergen says:

    Balls is supposed to be an economist but it is well known that the UK recovered from the slump faster than anywhere else save in the “Distressed Areas” which were over-reliant on heavy industry -(the North East,South Wales valleys etc) and which have never really returned to prosperity to this day.

    If he is so ignorant, God help us if he gets anywhere near No. 11.

  216. 216
    s of f says:

    still lovely but has it changed over the years…so much development along croisette and cars everywhere just such a contrast even to the 80s let alone the 60s …nevertheless still lovely at night and very lively.

  217. 217
    Dr Wyllie says:

    The average Europеan man has staying power of six minutes.

    No wonder the Euro is fucked.

  218. 218
    The Moyle says:

    8illy always did put quantity before quality

  219. 219
    JH says:

    Gold’s $1600 ish, more like £1000 per troy ounce.

    Your point still holds though.

  220. 220
    Aunty Matter says:

    How the fuck can a c u nt like Tessa Jowell bet an award off the Queen? Fuck me what next, Tony Blair gets an award for promoting world peace and Gordon Brown one for economic prowess?

  221. 221
    JH says:

    No Pol, every time Labour are kicked out it is year 0. That way they can avoid responsibility for the mountain of shit the Tories have to pick up, every time.

    Former Labour Prime Ministers must also be avoided in polite (if strained) conversation among lefties.

  222. 222
    Aunty Matter says:

    If you can stomach it go 2 hours and about 40 minutes in and see what an easy time Ed Balls gets off Radio 5.

    http://www.bbc.co.uk/radio/player/b01js35v

  223. 223
    Expat Geordie says:

    Yes but the decision was taken by the Falkland Islands Government, which is independent of the British Government, which is the one denying US the right to a referendum on whether or not WE want to remain British.

    In other words, it’s nowt to do with Cameron.

  224. 224
    ooops its labour again...last one out take the lightbulb says:

    the biggest hedgers there are

  225. 225

    I remember it from the 60s too. That is why I am in Istria. Here it is now rather like the Riviera was at that time.

    In half a century this will go the same way, although they are taking steps to limit it.

  226. 226
    Cameron is a Cunt says:

    nothing is ever cameron’s fault is it

  227. 227
    Anonymous says:

    Im always amazed that Peston keeps his job. He waffles on and on, i have us usually last the thread by rhe time he finishes hi reports.

  228. 228
    Anonymous says:

    how old are you – 5 months??????

  229. 229
    The Dirty Rat says:

    Is that Lisa Snowden. She wouldn’t have to ask me twice.

  230. 230
    Anonymous says:

    To be fair, morally speaking, you probably already do.

  231. 231
    Mike Hunt says:

    Back then we had a functioning manufacturing industry making stuff people all over the world wanted to buy.

    China has now taken that position completely.

    We are screwed until we get the population back to a sustainable level.

  232. 232
    Jethro says:

    146 Darwinianism: having observed (?) that species evolve by adaptation, Darwinianists, assume that adaptation=change, and therefore, change =survival. Unfortunately, few species can accurately foreknow what the next crucial changes in environment will be (a few months ago, we were all due for a devastating drought), and many/most/all will ‘adapt’ to changes that don’t actually happen. Hence, I think, the obsession with ‘growth’. The Dinosaurs grew to be pretty big; the woodlouse is pretty small, shouldn’t have survived, is so unadapted that it easily drowns or dries out…

  233. 233
    Mike Hunt says:

    To the lefties running the BBBC, that balls creature is a great economic sage and they hang on his every word.

  234. 234
    nellnewman says:

    +Laughs+ Oh auntymatter bliar with an award for pe@ce and gordon for economic prowess. That made me laugh!!

  235. 235
    Blowing Whistles says:

    And which Firm advised Gordon to sell off the gold as the Government advisers of the time – Goldman $ach$ no le$$.

    I mean – come on lets get real here.

  236. 236
    RED ED - SON OF BROWN says:

    I’VE ALWAYS DESPISED NEWS INTERNATIONAL….

  237. 237
    T.B£iar - the People's Messiah says:

    Send 50% of school-leavers to Universities to gain degrees in meeja studies !!

    It’s the future and I was the future once….

  238. 238
    Blowing Whistles says:

    With respect buster – get real.

    Do you seriously believe that when you are “told” that a body are “Independent” – that they actually are? [Deluded Mug – never mind pot kettle black]

    Their only Independence is absolutely from the Public. e.g. The IPCC (Cop protection racket stuffed with …. ex-cops!!!) Hello … coffee the smell and up wake.

    Judiciary independent of Government – half the MP’s are married to the judiciary …. Hello.

  239. 239
    Jethro says:

    … and then get out, saying, ‘I don’t know why you make so much of a fuss about things. Why are all these Coastguards here?…’

  240. 240
    Tay King-dePisse says:

    The American Right has creationism, the American Left has global warming. Both are squarely against the weight of the evidence. No prizes for guessing which fairy tale is taken seriously in the US media and which one is not (and of course, neither should be– before any Leftie mongs start their shite).

  241. 241
    not a machine says:

    Ah yes , but did anyone notice neither Ed was talking directly about eurozone , you see selling off the gold and racking up those debts in labour world did not leave us in such a bad position , given that they were aware of debts in EU …… eh

    Even those who claim that the ruins alledged 5 point test for UK entry into the eurozone isnt much of face saver , I mean even in the ruins tenure the principal must have been obvious vs the test , if what you see is growth from borrowing more , 5 point test is and was worthless charade , hedemony against the proper understanding of the facts and a referendum requirement.
    Dont forget St Tone was in line for el presidente , 5 point sell out for unproveable wonk .

    Come ed wheres your call on the eurozone ,wheres labours vast intellectual proposal of how it is going to work , taking pot shots at , wrong people and lack of growth . “with you in the tough times” eh wheres the evidence of that , stoking strikes , the only place in the tough times where labour is to be found is in holing the life boats . Opposition is only credible when you produce a plan or budget , somthing you havent done for 2 yrs . Tell your supporters the truth you and your socialist chums created too much debt and perhaps more importantly shifted it down the road or off balance sheet .

    I declare your party frit , of offering eurozone solution , as you know it makes people think of all the debt you racked up in the UK and how uterlly wrong you were all along the spun euphoric garden path , that you led so many up .

  242. 242
    not a machine says:

    Take out the final solution aspect of what you said , and you are nearly at the stage of a new ecnomics hypothoysis , rover for £1 anyone , LDV for similar , call centres oversees ,,all overseen underLabour ….

  243. 243
    Blowing Whistles says:

    Several excellent comments here abouts – so I throw this additional piece into the ring with ref to the Gold / Gold Standard.

    From about 1920 onwards there were four key Media Moguls / Proprietors in the UK. They among themselves throughout the 20’s, 30’s 40’s – ‘assumed’ that they were the king pins at ‘feeding the masses’ through their paper circulations. They never (no-one did) odded (Odds) for the net. They assumed that they were going to be the king pins for a hundred years and more.

    Even in the ’70’ and 80’s – the likes of Rupee – believed that they were the comptrollers for all time. Huh.

    Credit Cards – by the way (A cancer developed by bankers) are a plague which ‘tie’ people to debt. They were first introduced in the USA, where the whole gambit is to keep people ‘lashed to being a debtor’ for all of their lives.

  244. 244

    If that is the criteria of measurement, that makes you 5 days.

    I saw him speak. Did you?

  245. 245

    The modern approach to politics in opposition is that you don’t prepare a plan for the first four years. John Smith bucked that and it blew up in his face – they still remember that. You keep your powder dry and only commit when it is really necessary. I’m not indicating approval, just saying how it is.

    I lost your hegemony point though (assume that is a typo and not a Hindu reference.) Could you clarify?

  246. 246

    You are all so cruel. I have eaten humble pie. What more do you want? ;-)

  247. 247

    Is Murdoch finished yet?

    Does he have a memory?

    Does a duck swim?

    Yet another good move, Ed. A blinder, in fact.

  248. 248
  249. 249
    Anne Ornyth'ologist says:

    I recommend removing the nesting boxes from Drowning Street.
    After all, that’s one place you really don’t want to encourage the tits.

  250. 250
    are you sure you really want this? says:

    12 hours and several reams later………

  251. 251
    Ship of fools says:

    Ah yes, the millionaire Ed Miliband, born with a silver spoon in his mouth along with most of the rest of his shadow cabinet, speaks out against the powerful on behalf of the ordinary people of this country. What a joker.

  252. 252
    Featherbrained says:

    Its a booby hatch

  253. 253
    Ah! Monika says:

    CRMM Hindu reference.) Could you clarify?

    Hedemony translates as Hedemony ( Hindi )

    I’M no better informed

  254. 254
    poor bloody worker says:

    Rearmament only started in the late thirties, peak growth was before that.

    Trefgarnes paper is worth reading. Restoring the budget by cutting all state benefits and salaries by 10% eliminated the deficit almost immediately (debt was higher than now, but mostly debt from WW1). Finances were good enough by 1935 for the Conservative Chancellor to restore these cuts.

    Compare with the USA where the “New Deal” ended by sending America into a Double Dip by 1937.

    No two ways about it: Ed Balls is a Fuckwit.

  255. 255
    Ah! Monika says:

    But at least they’re blue tits

  256. 256
    AndrewN says:

    Agreed, that and a crisis of country confidence, of domestic confidence… I wasn’t alive in the 30’s, but I imagine that the feelings were pretty similar, if only less immediate given the lack of internet. I do wonder what the difference was in 1934, what combination of events suddenly occurred to take annual GDP from a misfiring <1% to a whopping 6%. What provided the steroid like growth 5 years after the initial shock, was it due to any kind of governmental influence/stimulation, or was it simply a case of nature taking its course?

    If anyone has genuine knowledge of the scenario I would love to know.

    For the record I'm guessing that it was nothing to do with any particularly insightful legislative influence, the fact that it's so long after the trigger event suggests to me that (as with the current powers that be) those pulling the strings probably didn't know what the f*ck to do.

  257. 257
    Watt Tyler says:

    And those to blame are… http://eotp.org/

  258. 258
    Mr Greedy says:

    OK Guys. When Greece leaves the Euro, what will a Euro then be worth in dollars?

  259. 259
    Forkbender says:

    Language child, your mummy and daddy would not like to read the words that you have written what on earth has Korea got to do with it, now go away and put your toys away and straight to be.

  260. 260
    C.W. Stoneking and The Blue Tits says:

  261. 261
    Poor Penny says:

  262. 262
    Anonymous says:

    And we’d be in a worse state if Brown and Balls were running the economy.

  263. 263
    Forkbender says:

    By that you mean media like WSJ and Fox News, both Murdoch owned, Fox News has by all accounts a lot of ranters who have just tunnel vision, how would they be recieved in the UK, maybe provide a lot of good laughs no doubt.

  264. 264
    Boudicca says:

    Ha bloody ha!

  265. 265
    Forkbender says:

    I am afraid if we had not had BrownBalls, we would have been in the Euro, their only redeeming virtue

  266. 266
    do me a favour says:

    But I’ll just covertly advertise and see if any mug volunteers…

  267. 267

    Can’t think why you should think I am?!!

    You would have to read Mallhi, A (2005) The illusion of secularism: Mani Ratname’s Bombay and the consolidation of Hindu hedemony. Centre for Asia-Pacific Initiatives (CAPI competition winner, no less!)

    I have nothing against wearers of the turban, in fact some are very fine chaps but I had to make a management decision that machine really meant hegemony, a word with which I am much more familiar.

    Maybe he will explain?

    BTW If you don’t want to go east, then you can cross the pond (a bit further than Times Square) to find this:

    Rollings, Willard H., The Osage: An Ethnohistorical Study of Hedemony on the Prairie-Plains. Columbia: University of Missouri Press, 1992.

    I am bowed down with cleaning the dust damage here, coupled with that faux pas today, which threatens to leave such an enormous blotch upon my escutcheon, and my thoughts on the Consciousness of Dennett, Smith, Chalmers, Nagal et al that I can offer no better than point you in the right direction.

  268. 268
    Red Ed's non-predator union bosses says:

    Nothing to see here: just the usual socialist hypocrisy.

  269. 269

    BTW Don’t you love that very American forename Willard?

    One of my favourite philosophers, for the most outlandish of reasons, is Willard Van Orman Quine, out of the analytic school but sadly no longer with us. His inclusion in my list is largely, but not solely, for his most bizarre name. His friends called him Van.

    The title of his book Two Dogmas of Empiricism I amended slightly by removing the ma as one of my former alternative monikers.

  270. 270
    Tay King-dePisse says:

    “By all accounts” which means you’ve not seen it and can’t really address the subject with any authority, lacking any real evidence for your position. Sort of like how the Left-leaning Media, i.e. everyone but Fox and WSJ, take Global Warming on faith, and how the Bible Thumpers take Creation on faith. “A lot of ranters who have just tunnel vision…” Have you ever watched the BBC in all your life?

    Irony-deficiency anaemia for sure! Now have a nice cuppa, sit in the corner, and be a quiet little mong, there’s a good lad…

  271. 271

    Ambition vs principle, Penny?

    Your tweet answers your pseudo-dilemma very effectively.

    Why don’t you offer someone a cut of your future earnings? At least that would retain a fig leaf of ethics.

  272. 272
    Penny Dreadful says:

    A cut of future earnings ? That’s capitalism isn’t it ?

  273. 273
  274. 274

    In a way that ambition isn’t?

  275. 275
    You f'ugly cun't says:

    A socialist!…..she sounds more like a fucking robber baron expecting someone to work for her for free.

    “Red Ed’s non-predator union bosses”

    What a fucking crap name you’ve got. Is that the best you can come up with? Cretin.

  276. 276
    genghiz the kahn says:

    Living proof that socialism and socialists are broke.

  277. 277
    Tony Blair says:

    “Well, that’s democracy for you.”

  278. 278

    Forkbender’s trouble:

    Problem Exists Between Keyboard And Chair

  279. 279
    Tony Blair says:

    “Well, that’s democracy for you”

  280. 280
    The Paragnostic says:

    What the fuck does the silly little girl need an assistant for?

    She seems to manage the spouting of class-envy bullshit very well by herself.

  281. 281
    Tony Blair says:

    “Well, that’s democracy for you!”

  282. 282
    Lollygagger says:

    Don’t you just hate the way minimum wage laws get in the way of gving someone a chance?

  283. 283
    Specialisation is the way ahead says:

    Some needs to cut while she pastes.

  284. 284
    Pundit tu tu. says:

    It was only WWII that got the USA out of recession.
    No 3rd rate loony left spending on infrastructure etc as Balls Up would make us believe did it. Time he went back to Obamaland and gave us a rest from his gurning and idiotic statements that only the BBC believe.

  285. 285
    Pundit tu tu. says:

    Must have been a big house or in a good area?

  286. 286
    Beeboid One says:

    That is our job and we believe we are very good at it.

  287. 287
    pigs in space says:

    Sometimes you don’t notice a line in the sand until you trip over it. What is most shocking about the outcry over Tesco’s “workfare” job advert, which offered the exciting opportunity to stack shelves for “Jobseeker’s Allowance plus expenses”, is that anyone was shocked.

    http://www.newstatesman.com/2012/02/work-mail-welfare-twitter

    Penny, being a girl of principle, will surely not cross a line to go over to the dark side. Be strong Penny. Remember Ryan Gosling risked his life to save you.

  288. 288
    Pundit Too says:

    Except that she had about four go’s at doing the back of a fag packet budget for the Olympics. No A levels in finance, mathematics or common sense should have been awarded let alone becoming a Dame. Ethel Merman was much more deserving.

  289. 289
    BBC - Bring Back Communism says:

    Simply BBC half truths at work. Nothing there – move on move on.

  290. 290
    Saffron says:

    Socialism vs communism = total disaster,as been proved many times.
    Ed Bollocks and his inane ramblings are proof of this.
    This guy and his wifelet are two of the biggest troughers who are around at the moment.
    How this asshole of a so called politician has the neck to talk about anything political is beyond me.
    The surprising thing to me is this:-.
    Why oh Why are brainwashed numpties voting for people such as him and his ilk.
    His crowd has led us into into the biggest disaster since the 2nd world war with this EUSSR dream/disaster.
    This liebour crowd have got to be got rid of in quick time if we are to retain our identity.

  291. 291
    Socialism is a severe mental illness says:

    “she sounds more like a fucking robber baron expecting someone to work for her for free.”

    Yes, that’s exactly what she is. A hypocritical Labour-voting robber baron. A mong. A parasitic mong. You have to work, so she doesn’t. Like Pollytwaddle, quaffing Champagne in her Tuscan villa, whilst telling you to enjoy life in your grotty little cóuncil flat.

    Parasitic socialist mongs. There are a lot of them about.

  292. 292
    Anonymous says:

    That isnt true, Cameron hasnt started one war Tone started lots !

  293. 293
    Roshonara Choudhary is a British Hero says:

    +1million,

    And not “got rid of” in the democratic airy-fairy sense. “Got rid of” in the Roshonara Choudhary sense. Knife the subhuman Labour fuckers in the stomach.

  294. 294
    Blowing Whistles says:

    No … Mr Tony Narcissist natural born liar – It’s ‘Duplicity'; not democracy wot you fork-tongued style speak of… and let’s look at all of the Internatsional Corporations who have ‘bunged you a million or two’ for your supreme cravenness to their dirty dollar”. Reward for you being their puppet jester placeman miranda bidder.

  295. 295
    A vile, lying, two-faced bully, cheat, sanctimonious git and ignorant hypocrit says:

    My Socialist Paradise was nearly complete – and they pushed me out so my genius would never be recognised!

  296. 296
    Anonymous says:

    Gary was surprised as he had been aiming for a knighthood, the sudden onset of tv appearances,”charity work” and general fawning over her Maj was sickening.

  297. 297
    Anonymous says:

    A good socialist family ! hahaha !

  298. 298
    Brussels means Communism says:

    It is now obvious to all that the EU project is a socialist project and has always been. Quite why Edward Heath and David Cameron gave their support is the subject of many a bar side conversation.

    But now is not the time for reflection, now is the time for action.

  299. 299
    Blowing Whistles says:

    He’s been bought or even brought in as a last “desperado” to ‘$ell’ more financial duplicitous usury style trickery.

    Economic with the truth …

  300. 300
    Mike Hunt says:

    But these educated people might not vote Liebour, so they imported millions of un-educated from the third world (I include former Communist Eastern Europe) to ensure a steady stream of voters.

    Loved the George Galloway result – another example of the law of unintended consequences.

  301. 301
    Anonymous says:

    I heard Ed Milliband snuffling away on the news on Radio 4 at 10 pm.He was attacking David Cameron for not being down with the “ordinary” people and being friends with Rebekah.The irony of Tony and Gordons personal involvement with Murdoch and Becky( Godfather and sleepovers )to name but 2 of the worst examples, seemed to escape Ed entirely !

  302. 302
    Blowing Whistles says:

    Note the words in the above … “debt from WW1″ …
    It’s all about and has only ever been about some people holding (Unlawful entrapment are two other words) others “locked” (‘n “docked???”) into debt.

  303. 303
    eh! says:

    You’re not even prepared to pay the minimum wage?

  304. 304
    Anonymous says:

    So working for nothing for Laurie is ok, but stacking shelves for jobseekers allowance isnt, funny that.

  305. 305
    feelings says:

    So Leveson was upset by Govey. Ah diddums. Resign you scouse git.

  306. 306
    If only we hadn't wasted so much money on diversity co-ordinators says:

  307. 307
    Judge on the left says:

    Leveson is a socialist. He has shown his true colours and must now refuse himself from the press inquisition.

  308. 308
    Silver Spoon says:

    Yeah, he’s ordinary alright. So ordinary that when asked how much he’d paid for the house he lives in he couldn’t at first remember he’d bought it the year previously for £1.6million.

  309. 309
    The Brahmin Class of Pinkos says:

    Most of the judges are lefties these days. Didn’t you know?

  310. 310
    Credit Where Credit Is Due says:

    Doesn’t she have a credit card? Can’t she borrow the money? What kind of a socialist is she?

  311. 311
    Cherie Blair & Justine Miliband says:

    Poppycock

  312. 312
    Joss Ayinglike says:

    said the imbecile labelled ‘You f’ugly cun’t…..

  313. 313
    Whatever says:

  314. 314
    Nick Clegg says:

    I speak the Dutch round here

  315. 315
    A Ninter Lektoowal says:

  316. 316
    not a machine says:

    well if you talk of the euro as somthing needing to fullfil a test criteria for the UK economy, you avoid having to fully explain if the self same criteria is working for other countries , Labour never did talk in terms of how it was working for other sovereign countries , never debated , never raised it at EU meetings , I mean the figures were there of borrowing to EU countries all along werent they ?

    To me a long winded criteria was a political ploy to avoid the truth of how the principal was working .

  317. 317
    not a machine says:

    you were right on typo Cant remember my moniker , Hedgemony I did think , before somthing happened after that with keyboard and how I thought it was spelt . It just reminds me of missing oxbridge all over again , sob sob . Still wars are won also with humbler folk are they not ?

  318. 318
    Anonymous says:

    Rearmament.

  319. 319

    Amazing. Thought it was a joke but then started to pick out some of the lyrics…

  320. 320

    Yes, hegemony, with a hard g and stress similar to anemone.

    My question was though: to what hegemony were you referring? Is the hegemon in this case the EU, the ECB or the Eurosystem? I assume you mean the ECB but I can’t be sure.

  321. 321
    Marmite says:

    Well said ‘credit’. My only worry is that Leiber has done this country so much harm that we can’t get our identity back now. Leiber gave our country away to the effnics.

  322. 322
    Mitt Romney says:

    I love rats too.

  323. 323
    David Cameron, leader of the Craven Soviets says:

    The clue was in the name all along.

  324. 324
    David Cameron, leader of the Craven Soviets says:

    I seem to be suffering from black-outs.

  325. 325
    UP SHIT CREEK says:

    Higher TAXES. Lower government spending on all of their useless Shit. And a bunch of useless Public School boys with No undestanding of how to make money. You would have to be mental if you expect anything else

  326. 326
    ..and that's just the horses duvers says:

    Monika is obviously gearing up to celebrate England’s Euro 2012 success.

  327. 327
    ..and that's just the horses duvers says:

    OK, so let’s hang the lawyers first; then we can get round to the MPs.

  328. 328
    Getting a teeny bit real says:

    You seem to have omitted who bought most of it too. Funny that.

    And who is now boss of the ECB? What firm did the President of Italy (and Greece?) once work for (and maybe still does?) Etc Etc

    The list is endless. Why can you never find a suicide raghead when you need one?

  329. 329
    Getting a teeny bit real says:

    Brain dead Ed and the BBC = a marriage made in heaven. What a gay day.

  330. 330
    Getting a teeny bit real says:

    The word is reCuse, dimbo. You must be a NuLab lawyer.

  331. 331

    Intensionality-with-an-s

  332. 332
    Anonymous says:

    Ah punctuation, the last refuge of the man with no argument.

  333. 333
    Anonymous says:

    Ah the insanity of growth fetishists.

    By this logic we should welcome a 20% fall in GDP in one year because it will result in year-on-year growth as the economy recovers.

    Average GDP growth is a terrible way to measure an economy’s progress.

  334. 334
    Admiral Leach says:

    The role of imperial trade was vital to Britain coming out of the Great Depression, with captive markets and access to cheap materials the Empire was able to make much better headway in a general recovery. The other and important element from 1936 was the programme of rearming that saw substantial investment in key manufacturing sectors. Unlike today state spending and intervention helped the real economy and prepared for the nation to face its greatest test in 1939.

  335. 335
    confused says:

    me.myself,personally would like to see a reduction in the country’s population to a level where the island could produce enough food to feed itself and then the establishment of large areas of self managing robotic industrialization to take care of the running of things and then people could spend their time having fun and doing space travel and research and stuff but I suppose that is wishful thinking.

  336. 336
    MarkAustin says:

    Yes, there was a recovery after the 1930s recession, and yes Ed Balls is wrong in saying there was not. However, please note the reason for the recovery: The UK went off the Gold Standard (before anyone else, so getting the jump on them) and then and introduced a policy of loans to private companies (the Great Western Railway, for example funded a sizable chunk of investment, in particular for new engine sheds). This is quite the reverse of this Government’s policy: which is one of relentless cuts.


Seen Elsewhere

100 Tories to Rebel on Plain Packs | Telegraph
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Fate of Eurozone Rests in Hands of Videogame Expert | TechnoGuido
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Eichmann Called on Arabs to Continue War on Jews | Speccie
Mirror Hacking: 50 Legal Action Claims | Press Gazette
Mandy’s £400,000 Tax-Free Loan From Own Company | Guardian
Why We Must Remember the Holocaust | Hugo Rifkind
“Adjustments” Not Cuts | Gary Gibbon
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