January 30th, 2013

One Term Tories II

Way back in August 2011 Guido wrote an article – One Term Tories – predicting that if the economy didn’t get going the Tories would not win in 2015. This was before it was fashionable, before Ed Miliband’s “One Nation” speech when he was still considered a joke by the Tories and well before the bookies made Labour favourites to be the largest party.  The article was re-tweeted furiously by the likes of Peter Hain and other Labourites who pretend not to read this blog.

Last night’s vote embedded Labour’s electoral advantage, psephologist Anthony Wells says the current constituency boundaries give the Tories a 7% to 11% electoral handicap depending on how the LibDems perform. Is Cameron doomed?

If the answer the electorate give to Ronald Reagan’s Are you better off than you were four years ago?” question is “No”, they probably are not going to be the largest party in 2015. This fact should concentrate minds in Downing Street more than any other issue, not Europe, gay marriage, HS2, Heathrow runways or any of the other side issues. Getting the economy growing is all that matters.

The government is going down a Keynesian path accelerating capital infrastructure projects – most of which will be shovel-ready in time to hand an incoming Labour government a growth boost. Ed Balls, the IMF, the editor of City A.M. Allister Heath and Guido all agree that an immediate stimulus would come from tax cuts. The Treasury resists the idea because it will widen the deficit. Well they are going to miss the deficit target anyway, you might as well miss it for the right reasons.

We can argue about what kind of tax cuts are best, Ed Balls and the IMF say a temporary VAT cut. Guido favours income tax rate cuts and threshold hikes, Allister Heath wants job creating cuts in business taxes. The Taxpayers’ Alliance revealed this week that the Coalition has raised 299 taxes. A flat-lining economy needs the government to get off its back and stimulate the economy, now.


171 Comments

  1. 1
    Kebab Time says:

    The state also needs to slash spending.

    Taxthesehold should be raised to 12k min, all other taxes slashed to no higher than 10% (vat etc) until debt and deficit under control.

    But most of all the state/beast needs to cut and cut harder and faster and also return personal responsibility instead of state dependency!

    Like

    • 6
      81lly says:

      Welcome back 81lly. Been away on electroshock treatment?

      Like

      • 14
        Billericay Dickie says:

        He’s started his new job as a sex slave and now is only allowed out for 2 hours each week while his master goes to his STD clinic appointment.

        Like

        • 17
          Mr White says:

          Like

          • It is probably in the best long term interest of the Tories to lose the next election, but not for the country.

            The electorate really are stupid enough to vote for the idiots who were in Brown’s Treasury raiding our pensions, lining their and their cronies pockets. Do Blair, Brown, Mandleson and Campbell give a rats arse for the electorate now? of they don’t and neither will MillionaireBand and Balls.

            However, if Dave starts to tell the truth how bad it really is and the only way to fix it quickly is real pain and press reset, he might have a chance, but if the backbenchers shoot their own feet and rip the party apart they have no chance.

            I don’t believe their is a single inhabitant of Westminster that has the mettle to deal with this mess, so we’re screwed anyway.

            Like

          • Vote UKIP says:

            American economy contracts 0.1% in Q4. So much for increased public spending and capital expenditure creating even more debt. When will these bozos learn?

            Like

          • Aunt Mat says:

            Reduce Capital Gains Tax.

            All this nation’s problems stem from the decision to raise CGT.

            It was Vince Cable’s idea.

            We must encourage people to sell up, to get the ball rolling again.

            Currently, the sums do not add up, so the economy stagnates.

            Like

      • 37
        Anonymous says:

        Some of us said this soon after Osborne announced his 1st budget. Here is a plan

        1) sell all social housing with existing tenancy.
        2) increase personal allowance to £12,500. Let families swap personal allowances.
        3) increase taxes large companies pay while cutting tax for small and medium companies.
        4) promote UK to produce more of what it consume.
        5) reduce tax on saving and long term investment.
        6) increase tax on short term investment.
        7) stop UK based banks having transaction with tax havens.
        8) cut benefits and tax credits as unemployment fall.
        9) increase controls on immigration
        10) reduce regulations.

        Like

      • 47
        Anonymous says:

        Printing all these money only help countries like China. UK has to produce what it consumes.

        Like

        • 135
          Anonymous says:

          religion:produce what we consume.
          unpack:do we produce too little?
          do we consume too much?
          are markets
          distorted?
          path of desire: least resistance. or what is good for us?
          question: are we stimulated to eat too much.
          will power: anything is possible.
          free will: let the ppl decide.

          truth: e…u….g….e…n…i….c.
          action: eat less, eat better. stay healthy. be healthy. be still.
          alternative less evolved. watch “The Good Life” for our masters have been generous.
          be good. be true. to someone.

          Like

    • 12
      Think a while Guido says:

      GUIDO YOU ARE WRONG WRONG WRONG.

      The Economy will recover, it is a movable and reversible feast.

      If Homosexual Marriage becomes the law of the Land it will never be reversed (not in current lifetimes).

      The same goes for Dave’s support for an EU Army and removing HM forces from HM. Why should native of the British Isles die for Van Rompuy or an EU commissioner?

      In the short term yes the economy is a problem but the real enemy, the long term enemy is the EU and the State break up of marriage.

      Like

      • 22
        lest we forget says:

        The other long term enemy is Leveson’s sinister plans to control and regulate the free press we have enjoyed in this country for 400 years.

        Like

        • 35
          pissed off voter says:

          Press freedom is much moire threatened by the EU than Leveson. Consider why the(currently pointless) EU channel is maintained regardless of cost. O.K. , they do everything regardless of cost ‘cos it’s not their money :(

          Orwell teaches us much, if we choose to learn.

          Like

        • 92
          Vote UKIP says:

          The other long term enemy is the Labour party and reckless borrowing that is wound into its DNA.

          Like

      • 44
        Con Artists. says:

        Exactly.

        The economy can be tinkered with, but not much else – difficult to change the ships direction in 2 yrs.

        The issues people will vote on are.

        Getting out of the EU
        Controlling Immigration
        Cutting social benefits – enforcing rules re eligibility (ie health tourists)
        Balancing budget
        Cutting tax avoidance for big business – not fair they can evade offshore “legally” whilst paye tax goes up

        You simply can’t cut the plebs wages and services, cut the defence budget, close hospitals, promote Liverpool care pathway, whilst big business hides profits legally offshore, politicians trough at the money teat with dodgy invoices and public sector gold plated pensions and billions is given to the EU and foreign aid….

        People have simply had enough and are desperate for the simple, plain speaking policies of the UK Independence Party.

        Like

        • 93
          Anonymous says:

          2 years is more than enough to change direction. What went wrong was investments and jobs were cut while consumption and unemployment was promoted.

          Like

          • Con Artists. says:

            You miss the point, whatever tinkering at the edges the cons do to the economy in next 2 yrs, the plebs will vote on issues such as immigration and the EU.

            Cons had their chance and have blown it for several decades.

            Like

        • 122
          Anonymous says:

          Since 2007, GDP in China grown by 50%, US grown by 6%, Germany grown by 4% and UK grown by -3%. Even with current estimates UK GDP in 2015 will be less than 2007.

          Like

      • 153
        T'Old Fella says:

        Think a while Guido says, “State break up of marriage” I think couples seem to quite capable of that, without the state’s help

        Like

      • 161
        Anonymous says:

        I wholeheartedly agree with you.

        Like

    • 138
      Anonymous says:

      What do you mean “when they still considered him a joke”(Ed Milliband) he is even more of a joke now,than he was at the start !

      Like

    • 160
      aLiarpoliticians says:

      This is the unpleasant reality of the UK economy that not even Newsnight wants to cover.

      Like

    • 171
      disgusted of tunbridge wells says:

      All of the suggestions will be pointless if we see a totally unsustainable influx of Bulgarians and Romanians added to the rest coming to the world best social security system. The tragedy is politicians seem to be ignoring the problem.
      A deafening silence prevails.

      Like

  2. 2
    The Baroness of Wythenshawe says:

    They aren’t Tories.

    They are a pair of Hunts.

    Like

  3. 3
  4. 4
    Jimmy says:

    “Well they are going to miss the deficit target anyway, you might as well miss it for the right reasons.”

    By Jove I think he’s got it.

    Like

  5. 5
    Sandra in Accounts says:

    The systemic bias in boundaries, postal voting amongst the inner city enrichers & the mega growth of UKIP will ensure that Dave is not only a one term PM, but he is the last Conservative PM.

    Well, I say PM – he did not win a majority against McMental – the nose picking financial terrorist & destroyer of British values, culture heritage & history.

    Its over Dave – but then again all you wanted was to be PM – you had no grand vision beyond that – & certainly no values.

    Vote UKIP – destroy Blue Labour at all costs.

    Like

    • 9
      Billericay Dickie says:

      Dave wanted to be Prime Minister because he thought that he’d “be rather good at it”.

      Let’s give Dave 10 out of 10 for self-confidence and 1 out of 10 for self-awareness.

      Like

    • 16
      Lord Stansted says:

      UKIP? One-issue parties are full loons, no matter the issue. That leaves Labour and the LimDems. The latter are out, and if there are still people left in these Islands who are prepared to vote again for Labour then God help them.

      Like

      • 29
        Misternedderry says:

        Lord Stanstead, HOW THE FUCK CAN I VOTE FOR A LOW TAX, SMALL GOVERNMENT, PRO-COMPETITIVE BUSINESS PARTY?

        IF I were stupid enough to vote conservative, I would be voting to endorse the continuation of Brown’s disastrous policies under Cameron AGAIN!. He has taxed MORE than Brown, Spent MORE than Brown, wasted MORE than Brown and continued the victim-hood of political correctness and the pointless industry destroying lunacy of tackling the mythical “man made catastrophic climate change”

        THERE IS NO DIFFERENCE BETWEEN TORY, LABOUR or LIBERAL DEMOCRAT!

        SO tell me Lord, if I want low taxes, a competitive economy, and an end to political correct appeasement of every lunatic, tin-pot self-selecting victim group, appeasement of muslim rape gangs, appeasement of every homosexual militant fascist…. and an end to the insane destruction of western industry to appease the environmentalist natural climate change denialists lunacy…HOW am I supposed to vote?

        ONLY UKIP are offering common sense real policies across the FULL range of government, from health, to defence, to education, to immigration, to climate, to the economy to international affairs.

        ALL the three main Parliamentary parties are identical, full of unrepresentative, delusional, corrupt, incompetent fruitcakes and lunatics.

        VOTE UKIP!

        Like

      • 67
        Con Artists. says:

        This is an example of the Westminster politicians sh itting themselves and why we have to vote out the ‘Socialist Conservative Party’.

        They are happy drinking champers at the bar as the ship goes down and are simply so far up their own ars es they fail to see the majority of public opinion on key issues like the EU and Immigration has overtaken them leaving them divorced from popular public opinion.

        As others are saying, it will take them decades to get back in power.

        Ditch spineless Dave and leave the EU.

        Your only hope.

        The plebs demand it.

        Like

      • 169
        Laugh? I nearly voted. says:

        UKIP are not one of the “One-issue parties”.

        If you bothered to read their policies rather than just repeat the same tired old propaganda put out by the usual suspects, you would know this. Keep your head in the sand if you will, but do not expect to gain wisdom or security.

        Like

    • 20
      Duty Pedant says:

      WTF

      Conservative PM ???????????

      Like

    • 68
      Pandora Spankingham-Wopp says:

      My boys and girls are so looking forward to UKIP MPs. Fewer of those long journeys to Brussels to service their rather strange tastes. And no more inventive explanations at customs about why there are handcuffs and giant nappies in the hand luggage.

      Like

  6. 7
    DANGER says:

    Erm… won’t that increase your stupid misery index?

    Like

    • 133

      GDP is in the formula, so not really.

      Like

      • 167
        DANGER says:

        Hello Dumbo!

        If you cut taxes, the PSNCR will go up. Imagine an economy that has a PSNCR of 10 and GDP of 100. The contribution to the misery index is 10/100=10%.

        You cut taxes so that, in the first year, the PSNCR is 11. In order for the misery index to decline, GDP has to increase to more than 110. That is, by more than 10%. That really isn’t very likely, is it, dumbo!

        It’s a stupid index!

        Like

  7. 8
    YorkshireLad says:

    It’s difficult to recall a Government whose only ability is to race around like headless chickens more than this one.

    Like

    • 26

      Do we forget McJobby so quickly?

      Like

    • 51
      pissed off voter says:

      The current lot are matched by the previous lot. I suspect that historically polticians, with a few exceptions, have always been chancers. Difference today is that we are much more aware of their incompetences and skuldeggery. God bless the internet.

      Like

      • 118
        Ol' Crummy says:

        “…[J]ugglers, whoremasters, dr*unkards, and swindlers…”
        ‘Twas true in 1653, ’tis true today– ’twas ever thus!

        Like

  8. 10
    Captain George Gideon Oliver Osborne says:

    Boson plot a route to Plan A, steady as she goes.

    Yes as direct a route as possible, but just swerve around Tatton a little will you.

    Like

  9. 11

    Guido said before VAT went up that he thought it should not do so whilst admitting that it was at least collectable rather than theoretical, headline grabbing and undeliverable.

    Has he now changed his mind as he favours income tax rate cuts and threshold hikes.

    Like

    • 23
      Alfy says:

      VAT is about the only certain tax these days. Corporation tax is a joke as is individual taxation fast becoming.

      File on 4 looked at Microsoft last night. They make massive profits in Britain which should provide billions of dosh to HMRC but they book the profits in Ireland, well they would book them in Ireland except they then book them to another Irish company who then puts them on the books of another company in Bermuda.

      If Philanthropist Gates is doing this you can bet the rest are. By the way this was all sussed out by Dave’s stalking horse who is very much on the ball, unlike Dave or Osborne.

      Like

    • 39
      Guido Watch says:

      He may have got familiar with the Laffer curve.

      One aspect missed of course is simplification of current system: But that which he writes above will likely put inland revenue of the right side of the maximal.

      It is a no brainer as well with the French fiscal suicide going on at the moment.

      Cutting top rate and corporate rate to 35% would increase government revenues by billions, and increase the density of medium to high net worth French in London. Better than Polish any day.

      Like

      • 157
        T'Old Fella says:

        That’s OK by me London can have standing room only as far as I am concerned. The rest of the UK disconnect from Londistan, free the rest of the UK

        Like

    • 134

      Have never liked a tax hike. Ever. Like any tax cut going.

      Like

  10. 13
    Steve Miliband says:

    Suppressing interest rates seems to be the over riding aim. Mortgage payments shooting up on over valued houses would create carnage. Companies are hoarding cash, people ain’t spending, so why don’t they cut taxes?

    Like

    • 19
      Plato says:

      But wouldn’t extra cash from tax cuts also either be saved and/or used to pay off debt, rather than being spent?

      Like

      • 24
        Anonymous says:

        House prices in Salford are shooting up thanks to an influx of wealthy BBC workers.
        That’ll please the locals…

        Like

        • 34
          Londoner says:

          I thought residents in Salford were shooting up?

          Like

        • 69
          SP4BS says:

          biggest price rise:

          1) Greater London 8.4% – £371,223
          2) Salford 6.8% – £91,508

          I must say I’m a bit surprised. just a few miles from salford its a lot more pleasant. I’m just thinking that one through. moving upmarket from salford to Wigan.

          Like

      • 40
        Steve Miliband says:

        Nah – the new Blackberry 10 is too tempting. Plus a new tat and a new TV

        Like

      • 80
        Sew Not, Neither Reap Nor Yet Gather Into Barns says:

        What should happen, of course, is that we all use the phoney money to pay off debt, and then, have it taken it out of circulation permanently, but that’ll never happen. When you’ve got, but you don’t spend on goods and services, it’s called the Paradox of Thrift. The economy grinds to a halt, as less production takes place, owing to the fact that nobody’s buying anything. Redundancies occur, making more and more people unable to sustain the spending spree, because they ain’t got what to spend with, to be able to spend on stuff what ain’t being made or offered as a service. Don’t you understand? The Government don’t want you to save the money, they want you to spend it as soon as you have it. Any adjustment in taxes which prompts you to take the money they’re “giving” you, to get you to spend it so they collect revenue on the sale, is just collecting the vig on the loan under another ruse. And it keeps people “working” and off benefits. Heaven forbid you should want to lay up treasure on Earth, where rust and moth consume, during the seven fat years, against the possibility of seven or more lean. It’s bad for the economy, innit?

        Like

  11. 15
    Misternedderry says:

    This is why the old tory charge of “vote UKIP get labour” carries no fear. Cameron has carried on Brown’s legacy. In fact this rotten government have taxed more than labour, spent more than labour and wasted more than labour.

    Why have we not learned from Iceland? They took on the big banks and won.

    We need the same bravery and determination and inspired people voting patriotically in this country.

    At the next election you can vote to hurt the people on behalf of the corrupt corporatists, represented by labour, conservative and liberal idiots.

    OR

    You can vote FOR the people of this country to be free to determine OUR own shared destiny and vote UKIP.

    Like

    • 52
      Alastair Campbell Murderer says:

      .. or you can do what I’m doing – making plans to get the f*ck out of Britain by May 2015.

      Like

    • 84
      Con Artists. says:

      Exactly – it carries no fear.

      Unfortunately for the LibLabCon the plebs have realised the fact that politicians don’t represent them any more. This terrifies politicians.

      The fact that Pols only look after themselves is now understood by the plebs.

      There are bigger fights to have than burying the provincial Conservative party who only control 25% of our legislation.

      Events such as the EU are passing them by so that Conservatives are simply not relevant any more.

      A footnote in history like the betamax, only they were never superior, they just thought they were…..

      Like

  12. 21
    One Finger, One Thumb says:

    Like

  13. 33
    EU Watch says:

    As soon as Germany gets a whiff of the inflation which is headed their way, courtesy of unfunded liabilities which the Euro has exposed them to, they will be out.

    Looking ahead, the only possible reason for continued UK involvement would be if that happened, as then the UK would likely be in a position to take over the lead.

    However, with the state that the EZ bloc is in, that is one poisoned chalice which is not worth supping from. Worst even than that which Labour may find itself inheriting in 2015.

    Like

  14. 36

    I am going to do my bit for the economy by manufacturing a large number of red plastic buttons with QE written on them. I know there has only been one made before and it must be getting worn out by now.

    Like

  15. 38
    nickleaton says:

    Getting the economy growing is all that matters.

    =============

    Doesn’t work.

    The deficit is 150 bn a year. Ignoring the debts they won’t talk about such as pensions.

    So each unemployed person gets 5K in income support, 5K in housing benefit, 1K in council tax. If they get a min wage job, its 3K in taxes. Round it all up and call it 15K a year.

    Get a million back to work, and its 15 bn. Whose going to pay the other 135 bn?

    At the same time, spending is up, up and away.

    Will the non workers put up with being screwed over left right and center to pay for a state who is fiscally incontinent pissing cash all over the place?

    Like

    • 43
      Economist says:

      In order to get the economy growing the state should start to reduce its size.

      Whilst the current size of government is maintained, there is an absence of opportunity for private sector to provide services: The market is crowded out.

      No tax cuts, stimulus etc. is going to have the right effect on the economy until this problem is addressed.

      Like

  16. 42
    Ex-Tory says:

    You are right. Cameron and co are just not listening. They are either deluded or they know they game is up and are just ensuring their future careers within the socialist corporate elite.

    The only way to force change before 2015 is for a mass rejection of LibLabCon at the May local elections and the 2014 EU elections. Vote UKIP.

    Like

  17. 45
    rebekah aka nellnewman says:

    Well we all said obama was going to be a one term president.

    But he’s just settling in for his 2nd term – so I guess anything is possible.

    Like

    • 48
      US Watch says:

      Hardly a convincing win though.

      Like

    • 56
      Sandra in Accounts says:

      And with 11 million new registered voters made up of the children of illegal immigrants ready for Hilary at the next Presidential election the democrats will be in power for ever in the US.

      Labour here turned on the white working class for voting for Lady Thatcher. They never forgave them for that – & being the spiteful, evil, tribal bastards that they are they were all out to punish them.

      Turn them into welfare junkies to justify immigration – import a new proletariat from poor third worl countries to vote Labour forever.

      Evil bastards – & yet there are still white working class people who vote Labour.

      Like

      • 57
        Steve (ex-Labour) says:

        Some of us have seen the light Sandra.

        Like

      • 60
        WVM says:

        Bleak but true Sandra.

        Blair, Brown, Balls, Mandelscum, Milibands – they should be taken out and shot – followed by the”Tory” heirs to Blair who have failed the people also.

        Like

      • 64
        US Watch says:

        Don’t underestimate the conservative appeal of the republicans, especially to the Latino vote.

        The liberal left have done a fairly good hatchet job, but not perfect.

        Reagan’s question is much more powerful in Spanish, and those who got to college under the Dems will be voting for jobs and God next time round.

        The conservatives are working hard now to modify their image and early results are looking promising.

        Like

        • 103
          Senator Marco Rubio (R-FL) says:

          Why else would everybody be bruiting my name about as the next big GOP star, do you think? Why else do they make a big production about Piyush “Bobby” Jindal and Nikki Haley, two South Asian GOP State Governors? We’re trying to de-Caucasianize the Republican image and get to the issues, rather than have to defend on race all the time. Efforts to make sure voting is fair and honest in Latino and Asian areas, by use of ID cards to prevent non-citizen “ringers” who will vote Democrat is branded as discriminatory. If we get people to deal with real issues we win. If we let the other side get away with Identity Politics the way Obama does it, we lose. It’s that simple. Unfortunately, so are many voters.

          Like

      • 79
        Mornington Crescent says:

        True, Sandra. And guess who turned up in the HoC after a year’s absence to vote against boundary changes? Broon himself. He would – nasty, spiteful streak of p1ss.

        Like

        • 96
          Sandra in Accounts says:

          Sickening.

          Postal voting, a rigged boundary system and Dave Cameron in charge of the Tories.

          Ed Miliband must think all his birthdays have come at once.

          Still, vote UKIP – no point having a third rate Blair tribute artist in charge – may as well have the son of a Red Army hero.

          Like

    • 72
      Cameron's doubled the debt says:

      Whilst Obama did look like a one-termer, he managed to get an unexpected second term by not pissing-off everyone and their dog, in other words by doing the opposite of what Cameron’s brilliant strategy has been for the last 2.5 years.

      20 years from now, people will look back at 2010-2015 as a time when a different bunch of cretins were smashing the country to bits, a brief interlude in the Labour catastrophe that began in 1997.

      Like

    • 73
      Cameron's doubled the debt says:

      Whilst Obama did look like a one-termer, he managed to get an unexpected second term by not p!ssing-off everyone and their dog, in other words by doing the opposite of what Cameron’s brilliant strategy has been for the last 2.5 years.

      20 years from now, people will look back at 2010-2015 as a time when a different bunch of cretins were smashing the country to bits, a brief interlude in the Labour catastrophe that began in 1997 and which will continue far into the future.

      Like

      • 108
        Billericay Dickie says:

        It’s obviously the case that Dave hasn’t too many creative ideas about how to achieve economic growth, but if you’re a chap who likes fucking another chap up the shitter, Dave’s a dream come true.

        Like

        • 154
          Visiting Hamster says:

          True, Dave’s not strong on creative ideas, but it’s obvious he knows how to
          follow an agenda when it’s given to him.

          Like

  18. 46
    Bread & Butter politics says:

    Well said Guido.

    Like

  19. 49
    Raving Loon says:

    Britain’s conservative party is UKIP. The Tories are unpopular because the left think they’re conservative, and actual conservatives know they’re not.

    Like

  20. 53
    Formertory says:

    Err, Guido where’s the coalition against the deficit gone? Looks like Ed Balls was right about the deficit all along. Meanwhile Cameron fucks off to Africa and his govt obsess about direct entry to the police. It’s the reform everyone is talking about. Honestly tons of votes in that reform.

    Never again.

    Like

  21. 59
    Formertory says:

    “Glad to see arch-tory blogger Guido fawkes has finally come round to my way of thinking on the economy. I welcome his conversion and hope soon that the chancellor follows suit “. Ed Balls 1445 hours 30/1/13 radio 4

    Well done Guido Keynes!

    Like

  22. 62
    Not a wind up says:

    Wind turbine collapses in high wind
    A controversial 115ft wind turbine has collapsed after being hit by heavy winds.

    Like

  23. 63
    Tosspot says:

    Keep at them Guido because if they can not see they are wrong, then they will not change.

    Like

  24. 66
    Stalking Horse says:

    The hopeless tub of lard that is Pickles thinks all council’s have a moral duty to hold a referendum if they want to raise council tax. What about the 299 taxes Pickles & Co. have raised since they came into power?

    Like

  25. 71
    A bang or not a bang says:

    It either showed on seismographs or it didn’t

    http://www.wnd.com/2013/01/new-details-surface-on-iran-nuclear-explosion/

    Like

  26. 76
    Tango'd says:

    Oh, I hope Peter Vain does read this blog. Go back home to Africa you orange coated slime ball!

    Like

  27. 81
    Ah! Monika 2013 +1 says:

    Zimbabwe finance minister admits: ‘We’ve only got £138.34 in the bank’

    THAT’S £138.34 more than the UK.

    Like

    • 87
      Eddie George says:

      No wonder I can’t get a pay-day loan.

      Like

    • 88
      Maths is not my strong point, but.. says:

      Given that we’re now about £1.2trillion in the red, they’ve got about £1,200,000,000,134.34 more than we’ve got.

      Perhaps we could ask them for some foreign aid.

      Like

    • 89
      Maths is not my strong point, but.. says:

      Given that we’re now about £1.2trillion in the red, they’ve got about £1,200,000,000,134.34 more than we’ve got.

      Perhaps we should ask them for some foreign aid.

      Like

    • 107
      rebekah aka nellnewman says:

      Well they need to be talking to their president mug abe then – he has £billions of their money that he has acquired salted away around the world.

      Like

    • 116
      Red Egg Millitit, tit, tit, tit ..... says:

      Bless their little cotton socks :)

      I am sure it is the fault of us honkies and not the corrupt fat cats in Zim. :)

      At least they have tried to make it all work…………. and failed hahahahahahahaha

      Like

  28. 86
    Sir William Waad says:

    Cutting VAT is fairer on the poor but would have little effect on growth because (a) so much stuff is imported and (b) “2% off everything” doesn’t get the punters excited.

    The best tax to cut woud be employers’ NI, the Jobs Tax, a tax that could have been designed to maximise unemployment.

    Like

    • 98
      George Gideon Oliver Osborne says:

      Or maybe reduce the fricking fuel duty. This will help working people, and if it is enough reduce food prices to help everybody.

      Like

      • 114
        Sir William says:

        Actually it would probably be best if the Government announced that it was going to take a year off. An interregnum did wonders for the Belgian economy. Seriously.

        Like

      • 115
        UK Watch says:

        Reducing the fuel duty would bring down costs to regular folk, but would lead to an increase in consumption of fuel.

        As UK is a net importer of fuel now, that would adversely affect trade deficit and balance of payments. Would create an even bigger problem.

        Like

  29. 104
    PLEASE PLEASE PLEASE says:

    Let it be not even one term.

    Like

    • 110
      rebekah aka nellnewman says:

      It’s either them or militwit and balls in no 10 and no11.

      Which would you prefer?

      Like

      • 117
        Thoughts and dreams the only thing not yet taxed says:

        The country will collapse quicker if inept Liebour loons take over, sadly I believe it’s the only way we will recover by 2020, without the LabLibCon triangle.

        Like

        • 125
          Point of information says:

          Dreams arguably have been taxed: Bedroom tax ?

          Like

          • Welsh activist. says:

            Implemented already by Labour in Wales, £11 per empty room. People who have lived in the same house for years, being forced to move. Labour C*nts.

            Like

      • 120
        JH293923492384 says:

        Fuck it.

        Let them back in, let them smash the economy right into the buffers. Milliband would be an even bigger embarrassment than Brown was, which will be quite an achievement.

        Let them destroy the economy once and for all, so we can decend into the inevitable crisis and get on with a nice, dirty, brief de-facto civil war in which we can really take out the trash. I can’t wait to get the gloves off and teach a few lefties what people really think about their worthy fucking plans for the rest of us.

        Like

      • 124
        PLEASE PLEASE PLEASE says:

        Anything but this fucking Faux Tory bunch of lickspittles that’s for sure.

        Like

        • 132
          rebekah aka nellnewman says:

          labour will tax and spend until the pips sqeauk (their own words last time around)

          liam will be back in the treasury making sure there’s no money left

          yvette will be in pensions making sure we’ve got another black hole where our hard earned money should be

          militwit wants us into the euro within the next few years and would also make sure our doors stay ever open to ever more foreign benefit dependents

          they’ll put andyburnham in charge of the nhs and we shall have more of the sheffield fiasco cum tragedy scenarios

          and who will they appoint as education secretary to make sure our kids come out of school with no worthwhile qualifications all over again?

          oh yes let’s have them back !!!

          Like

  30. 113
    Red Egg Millitit, tit, tit, tit ..... says:

    Economy…….. mights as well take a few lessons from this fat tw*t :)

    http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/9836132/Zimbabwe-has-just-138-left-in-the-bank-finance-minister-says.html

    Like

  31. 126
  32. 129
    Dr Keynes says:

    This is short run, erratic. destructive politics. The tories are basing a 21st century ideal on a 1936 economic model. Get real this will never work. We are doomed Captain Mainwaring, DOOMED!

    Like

  33. 137
    Anti-Labour says:

    I can’t see Labour getting back in unless Miliband gets a voice transplant – or they ditch the twat altogether.

    Like

  34. 141
    fendel says:

    The Tories only hope is BORIS!

    Like

  35. 142
    Mark Wouters says:

    Hello,
    The Tories have done it yet agian ,GOT US INTO YET ANOTHER WAR,well is it just to balme unemployed or suck-up to the Unnamed torie fat pratts who are Members of MI6 ? Thers will continue to be a financial decline for Decades inthe UK and USA this will continue and is Uncontrollable,the Party That May Yet triumph in Local and National elections may Be The Communist Party.
    The Labour Party has had its time ,Yet they Still side with the Tory Establishment through Fear or intimidation By Neo-cons-Monarchy etc etc etc.
    the Fascists (TORIES and MI6) are so Far up the USAs Butts that even the CIA cant find them.

    Like

  36. 143
    Mark Wouters says:

    Hello,
    The House of commons has become a Laughing stock, its members forced to sign the official secrets act ,so causing them to be Innert and useless (they are anyway).
    There is no such thing as democracy only corruption and lies, What i want Mi6 and the Tories to answer is ,Will My ESA Be Stolen from me to Pay for this Veitnamesque war In Mali ???,Maybe Hague (Who loves His own voice) and Cameron (Moron) and Clegg (S-it & Begg)are going to dine on McDonalds ecer or will they Eat Humble Pie ??? LETS SEE !!!!!!!!!!!!!!!!!!!

    Like

  37. 145
    Mark Wouters says:

    hello,
    It May now be time to un U.K. the U.K. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    And Abolish the Monarchy and House of Lords and Abolish all their titles for ever,YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEs PLEASE.from a Prospective Communist Party Member.

    Like

  38. 159
    Saffron says:

    This current parliament is a joke,I have never in my lifetime seen such an inept parliament.
    Based on the past Liebour Quislings to this country,you did think how much lower can we sink as a nation.
    Well we can now see what we elected as what became a coalition government has become.
    Playing politics-yes.
    Governing on behalf of the people – NO.

    Like

  39. 162
    Taxfodder says:

    Sadly I agree with most of the posts…

    In the long term less is more…a simple concept lost on the inexperienced/stupid in a hurry.

    No amount of button pushing and/or lever throwing will change the fact that they cannot help themselves…they are a lost cause.

    Like

  40. 165
    Anonymous says:

    “The government is going down a Keynesian path accelerating capital infrastructure projects – most of which will be shovel-ready in time to hand an incoming Labour government a growth boost.”

    Yeah, well they should have done the right thing in the first place instead of sodding around with their own lunatic bright ideas. Fucking useless tories. Sooner they are permanently disposed of the better.

    Like

  41. 166
    FlipC says:

    For all those offering ideas recall the only goal of the coalition seems to be to reduce the deficit. As that’s the difference between income and expenditure they’ve obviously taken the advice of a 5-year old – We can spend less; or make more money through taxes or borrowing…. let’s try everything at once; that’s bound to work.

    Like

  42. 168
    Laugh? I nearly voted. says:

    Tax cuts?

    They could start by not introducing further tax increases.

    The higher-rate tax band (not the new-fangled £150k one, but the old standard 40% one) from 6th April this year will be lowered to start at £32k.

    and even if the Fuel tax was cut by half, it would still be nearly at 200%.

    Like


Seen Elsewhere

What We Learned From the Referendum | FT
Scottish Crisis Moves South | Nick Wood
English Democrats Accidentally Celebrate Yes Victory | Pink News
Union In Its Current Form is Dead | Janan Ganesh
Labour Could Be Split in Two | Sun
Ashcroft Poll: Why Scotland Voted No | Buzzfeed
Boris: Change Barnett Formula | Sun
Cameron is Back | Dan Hodges
What Happens Now | James Kirkup
Cairo of the North | Quentin Letts
Labour are the Biggest Losers | Phil Collins


VOTER-RECALL
Find out more about PLMR


Diane Abbott on the Daily Politics:

“Labour MPs will unite behind Ed Miliband, once we find out what our policies are.”



It was only a tiny tiny collision.


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