April 23rd, 2013

Misery Index: Roll on Thursday

Public sector net borrowing is barely changed from last year, down slightly to £15.1 billion. Crucially, after distortions, the drop in borrowing is a paltry £300 million. Osborne can still say borrowing is falling, but only just. Unemployment was up last week to 7.9%, as was the Retail Price Index to 3.3%. Public sector net cash requirement rising to £31.3 billion caps off a set of bad figures for Chancellor Zero. Unsurprising that the misery index is up. Will Thursday cheer us up?

N.B. stats bods can check Guido’s adding up here.

86 Comments

  1. 1
    Osbrown says:

    Borrowing is still falling

    Like

    • 14
      V1le, vicious Labour ruined my Country says:

      Thanks Labour for this massive problem. Why is it that Labour leave us with this every time they gain power? Probably because 45% of the electorate are stupid and soon forget that Socialists always run out of other people’s money. France is about to collapse so the lesson will be clear when that happens.

      Like

      • 36
        The Bolshevik Broadcasting Corporation says:

        If there is any failure in President Hollande’s socialist paradise, you can be certain we will not report it until we’ve found a tenuous way to blame it on “savage Tory cuts.”

        Like

        • 40
          Ed Balls says:

          Ed Balls

          Like

          • Anonymous says:

            fresh west, Pembrokeshire – see you there, out there,

            I’ll be the bugger out there saying GET OUT OF MY WAY, I am on a ride here, mun.

            Like

          • Anonymous says:

            two sharped edge sword is good surf in summer, means it is going to right piss down with rain two days after. But who cares when you are not sitting on a beach, praising the sun, out the outside?

            Like

        • 57
          Anonymous says:

          My feel good index is right up at the moment – especially when summer is coming in my panties, and I can see ladies like these, oh-arrr!

          There is Loana as well, of course, which we all nope to meet on a beach,

          oh dear gawd yes! Loana! Why isn’t there daughters called that – they would be certainly popular in nursery school, in the sand pit.

          Like

      • 48
        shittoryscum says:

        and the tories with the limp dems have been in government ( if you can call it that ) for 3 years and you still look for excuses – strikes me your a good excuse for a human being

        Like

      • 68
        Mine d'Boggles says:

        I beg to differ – history tends to show that such lessons are not learnt.

        Like

    • 32
      ancientpopeye says:

      The frightening thing is, that the alternative is the Ball’s/Milliband axis.
      UKIP will sort it in time, but do we have time?
      This Nation is on the brink and it’s St George’s day, but look on the bright side, the sun is out.

      Like

      • 61
        Don't give a shit about LieBore, UKRAP or the Limp Dumbs says:

        Oh give it a rest – UKRAP couldn’t sort (sic) their own chips.

        Led by a spivvy chancer with nothing to do but spout “Blue sky” bollock.s, and a bunch of xenophobic drunk nutters working as his backing band.

        Gladdys Shite and the Twits

        Get out of the EU, sure. Restrict immigration so that we benefit from any we allow, sure.

        Vote UKRAP – I’d rather punch Crash Bandicoot in the face and bend his fag, thanks.

        Like

        • 80
          village Idiot says:

          You obviously enjoy being in the “Hateful” minority…It will do your blood pressure no good at all…..Lighten up,it really is not worth getting too wound up
          about anything ,cos ,in the end,you die…..Goodbye Richie Havens,Woodstock
          1969….

          Like

          • Don't give a shit about LieBore, UKRAP or the Limp Dumbs says:

            Nah – I need to give my triple bypass a daily work out, thanks. And I think you’ll find it’s the hateful MAJORITY, and the Grateful Dead.

            Like

    • 52
      ivor biggun says:

      Peston bashes the bishop.

      http://www.bbc.co.uk/news/business-22260952

      He’s a banker, he’s a banker.

      Like

  2. 2
    (I don't need no doctor) says:

    We do not know what misery is in this country. Go to Syria, North Korea, parts of Africa etc., if you want to know what misery is.

    Like

    • 4
      Blokey says:

      Let’s not play the comparison game, unless your objective is to make the UK as miserable as Syria.

      Like

      • 9
        Eric Pickles is a lazy zlug who has failed to reform local government says:

        Parts of the UK are already like North Korea. Only more diverse.

        Like

      • 86
        They hate her because she won says:

        Quite right! We could be living in North Korea now if Maggie hadn’t saved us!

        Like

    • 6
      nellnewman says:

      +100

      Mind we might also be in for a dose of real misery if labour win the election in 2015!!

      Like

      • 43
        The Editor says:

        “Mind we might will also be in for a dose of real misery if when labour win the election in 2015!!”

        Like

    • 10
      Butch bender Dave says:

      Indeed Mr Shithead, the good news keeps on coming!

      Like

    • 13
      Anonymous says:

      Are those countries really the benchmark you wish to surpass?

      Like

      • 47
        Will.socialists.ever.stop.being.hypocrites says:

        You could always compare us to those many unfortunate countries who are in the Euro (apart from Germany of course). Had we been in the Euro as all europhiles wanted, we would have really been able to shout out just how miserable we were. Any savings we had would not be safe from the EU thieves.

        Like

      • 64
        Maqboul says:

        No, we’ve well surpassed those places – that’s the point. Stop fucking whingeing and get on with life.

        Like

    • 20
      Anonymous says:

      Still you you have think a bit to find worse places these days.

      Like

    • 31
      Labour and Poverty go hand in hand says:

      Or most Labour controlled boroughs.

      Like

  3. 3
    Two Jags one shag and a fag says:

    Rich and Marks cartoons are shit.That looks nothing like George Osbourne

    Like

    • 7
      fruitcake says:

      Does it make you miserable though?

      Like

    • 41
      11 says:

      rich is rich
      and mark is on the mark.

      Like

      • 49
        truth is 1 and lies are 3. says:

        rich is rich.
        and mark is on the mark.
        .
        to kill the palace of westminister is to kill the soul.
        the soul belongs to squabblin children.
        .
        nanni is nell.
        .
        further down is the physical truth at the place where we dock it in.
        from there the journey is to the ocean full of emotion.
        be the sailor or surround oneself with still water.
        from the centre that is the point go towards the edge. all knowledge there. the furthest from the centre of the earth.
        .
        it is the himalayas.
        there resides knowledge.
        om namah shiva.

        Like

  4. 4
    Tim Yeo says:

    I blame global warming.

    Please pay more taxes and make me rich.

    Like

  5. 8
    Nice to see says:

    Nice to see someone still using RPI, albeit to score a point. I am sure when it comes to your bills going up or benefit increases you’d rather CPI :D

    Like

    • 16
      A Person says:

      I would rather that bills did not go up. But with the bloated public sector now running debts up past £1.85 trillions, this looks inevitable if the government is going to try to hide the facts by debasing the currency.

      Like

    • 19
      Two Jags one shag and a fag says:

      Whilst we were in power we didn’t include the price of a roof over your head in our inflation figures but essential items like Chinese made split crotch panties.

      Like

  6. 11
    Nice to see says:

    Depresssing as well that after years of recession our ruling elite/bankers etc. can’t dig us out of this hole. this country is fucked, and no, Nigel Farage isn’t the answer.

    Like

    • 21
      One small point says:

      The recession ended in the middle of last year.

      Like

      • 25
        Business says:

        The government statistics are complete crap where that issue is concerned.

        The truth is, nobody really knows that the hell is going on.

        Like

    • 28
      Business says:

      Cameron/Clegg and Miliband aren’t either.

      Like

    • 37
      THE FACTS and not the Spin says:

      There isn’t a recession.

      Like

      • 54
        Nice to see says:

        ok, technically there isn’t. but there isn’t any meaningful growth. and we are within statistical anomalies really aren’t we on if we are/are not in a recession.

        Like

        • 65
          Maqboul says:

          So there is no “meaningful growth” and you wanna slit your wrists?

          Has the entire country caught the Liverpool Disease?!

          Like

          • Nice to see says:

            who mentioned slitting wrists? you may think it is ok to give politicans, the city etc a pass on years without proper growth in the economy but most people don’t.

            also, trying to be like Old Holborn just makes you look like a moron.

            Like

        • 76
          Mine d'Boggles says:

          Growth? How can there be perpetual growth? The basis of that postulated growth is limited. Most resources are finite. More population growth? That is crazy in my view.

          Like

  7. 12
    never forget says:

    HAPPY ST GEORGE’s DAY

    Like

  8. 15
    Captain Sensible says:

    Time to stop dithering.

    - fire the worst performing 10% of all public sector workers
    - scrap winter fuel allowance for posh pensioners
    - end corporate tax breaks, put the corporate tax code on one side of A4
    - scrap Trident

    Like

    • 27
      Captain More-Sensible says:

      - fire the worst performing 10% of all public sector workers and outsource their jobs.
      - scrap winter fuel allowance for posh pensioners
      - end corporate tax breaks, put the corporate tax code on one side of A4 introduce a 20pc flat-rate tax.
      - scrap Trident
      - Scrap foreign aid
      - Scrap our EU membership

      Like

      • 58
        and says:

        Abandon HS2.

        Like

      • 60
        Sergeant Obvious says:

        - Sell off dodgy banks like RBS and Lloyds
        - Fire union “pilgrims” for failing to do their work
        - Sell off Whitehall and move civil servants to an industrial estate in Swindon
        - Legislate to ban government deficit spending. Tax revenues must equal spending

        Like

      • 66
        Not very sensible says:

        you do realise that when local govt out source contracts it costs less money in years 1 – 3 but then it starts to cost more than before. look at care home fees for people under 65. the sector is crawling with investment banks, placement fees are much more expensive than they were and banks are taking bigger chunks of fees for profits/repayments and less money is being spent on actual care.

        careful what you wish for.

        Like

  9. 17
    Thought Bubbles R Us says:

    Like

    • 23
      The EU Evil that confronts us. says:

      There you go. The Obama admin now deals with the EUSSR rather than European countries.

      And who the fook elected that old communist Barroso to speak on Britain’s behalf?

      Like

      • 30
        Viva la Barroso says:

        General Barroso to you peasant.

        Like

        • 45
          Mike Hoxard, Labour MP and after dinner raconteur says:

          As a person with a very special interest in the EU, particularly in the lucrative jobs it can offer me as a life peer after I’m retired off from the HoC, I have to say what a charming, intelligent, selfless and above all attractive man José Manuel Barroso is.
          When I say have to, what I really mean IS have to.

          My constituents in Seething Miners and Little Careabout the North cannot hope to generate enough money to keep me interested for that long, after all.

          Just ask my good friend and mentor, Neal Pillock.

          Like

    • 39
      Panem.et.circenses says:

      WTF is are European trainees ?

      Like

  10. 18
    I used to vote Conservative but now I'd rather eat my own face says:

    Public sector net borrowing, down to £15.1billion.

    What would it have been down to if Camoron wasn’t píssing-away £11billion every year on India’s Space Programme, Iceland’s Tourist Information Offices, Africa’s (German-built) windfarms etc?

    And then there’s the £20billion EU membership fee he happily throws away every year.

    Like

    • 22
      A Taxpayer says:

      In other words, he could be cutting taxes and still reducing the national debt if he would only put the national interest ahead of his personal career ambitions.

      Like

      • 29
        Maurice Minor says:

        YEO, Tim (South Suffolk)

        1. Remunerated directorships

        AFC Energy; company developing alkaline fuel cell technology. Address: Unit 71.4 Dunsfold Park, Stovolds Hill, Cranleigh, Surrey, GU6 8TB. Undertake duties as Chair, run board meetings and keep in touch with senior management. Remuneration to date has included 2.5 million share options. (Updated 21 January 2013)

        Received payment of £3,350, 5 March 2012. Hours: 8 hrs. (Registered 9 May 2012)

        Received payment of £990, 30 March 2012. Hours: 2 hrs. (Registered 9 May 2012)

        Received payment of £3,350, 10 April 2012. Hours: 9 hrs. (Registered 9 May 2012)

        Received payment of £990, 30 April 2012. Hours: 3 hrs. (Registered 9 May 2012)

        Received payment of £3,350, 8 May 2012. Hours: 10 hrs. (Registered 16 June 2012)

        Received payment of £990, 31 May 2012. Hours: 3 hrs. (Registered 16 June 2012)

        Received payment of £3,350, 18 June 2012. Hours: 10 hrs. (Registered 11 July 2012)

        Received payment of £990, 29 June 2012. Hours: 3 hrs. (Registered 11 July 2012)

        Received payment of £3,350, 10 July 2012. Hours: 9 hrs. (Registered 15 August 2012)

        Received payment of £990, 31 July 2012. Hours: 3 hrs. (Registered 15 August 2012)

        Received payment of £3,350, 24 September 2012. Hours: 9 hrs. (Registered 8 October 2012)

        Received payment of £990, 28 September 2012. Hours: 3 hrs. (Registered 8 October 2012)

        Received payment of £3,350, 10 October 2012. Hours: 9 hrs. (Registered 12 November 2012)

        Received payment of £990, 31 October 2012. Hours: 3 hrs. (Registered 12 November 2012)

        Received payment of £3,350, 14 January 2013. Hours: 9 hrs. (Registered 17 February 2013)

        Received payment of £990, 31 January 2013. Hours: 3 hrs. (Registered 17 February 2013)

        Groupe Eurotunnel SA (non-executive) (of which Eurotunnel plc is a wholly owned subsidiary); company managing the Channel Tunnel. Address: Cheriton Parc, Cheriton High Street, Folkestone, Kent, CT19 4QS. My duties as a non-executive director include attendance at meetings of the Board and of the Environment and Safety Committee and advising senior management on a range of issues.

        Received payment of £6,606.05, 10 May 2012. Hours: 9 hrs. (Registered 16 June 2012)

        Received payment of £3,276.54, 16 May 2012. Hours: 5 hrs. (Registered 16 June 2012)

        Received payment of £2,723.95, 4 July 2012. Hours: 4 hrs. (Registered 15 August 2012)

        Received payment of £3,802.28, 26 July 2012. Hours: 6 hrs. (Registered 15 August 2012)

        Received payment of £6005.42, 11 September 2012. Hours: 9 hrs. (Registered 8 October 2012)

        Received payment of £3,906.86, 10 October 2012. Hours: 5 hrs. (Registered 12 November 2012)

        Received payment of £3,419.97. Hours: 5 hrs. (Registered 17 February 2013)

        Eco City Vehicles plc, Hemming House, Hemming Street, London, E1 5BL; distributes and services London taxis. Duties include chairing board meetings and keeping in touch with senior management. (Resigned 6 September 2012)

        (No payments made to me by Eco City Vehicles plc between October 2011 and October 2012.)

        Received payment of £40,000, 2 October 2012. Payment covers 91 hours between 1 October 2011 to 30 September 2012. (Registered 8 October 2012)

        Chairman of TMO Renewables Limited, 40 Alan Turing Road, Surrey Research Park, Guilford, Surrey GU2 7YF. The company is developing and supplying technology for second generation biofuels. My duties involve chairing board meetings and keeping in touch with senior management.

        Received payment of £1,250.13, 23 March 2012. Hours: 4 hrs. (Registered 9 May 2012)

        Received payment of £4,166.66, 29 March 2012. Hours: 11 hrs. (Registered 9 May 2012)

        Received payment of £1,250.13, 25 April 2012. Hours: 4 hrs. (Registered 9 May 2012)

        Received payment of £1,250.13, 25 May 2012. Hours: 4 hrs. (Registered 16 June 2012)

        Received payment of £4,166, 26 May 2012. Hours: 13 hrs. (Registered 16 June 2012)

        Received payment of £1,250.13, 25 June 2012. Hours: 4 hrs. (Registered 11 July 2012)

        Received payment of £4,166.66, 26 June 2012. Hours: 13 hrs. (Registered 11 July 2012)

        Received payment of £1,249.73, 25 July 2012. Hours: 4 hrs. (Registered 15 August 2012)

        Received payment of £4,166.66, 26 July 2012. Hours: 13 hrs. (Registered 15 August 2012)

        Received payment of £1,250.13, 25 September 2012. Hours: 4 hrs. (Registered 8 October 2012)

        Received payment of £4,166.66, 26 September 2012. Hours: 14 hrs. (Registered 8 October 2012)

        Received payment of £1,249.73, 25 October 2012. Hours: 4 hrs. (Registered 12 November 2012)

        Received payment of £4,166.66, 26 October 2012. Hours: 14 hrs. (Registered 12 November 2012)

        Received payment of £1,249.73, 25 January 2013. Hours: 4 hrs. (Registered 17 February 2013)

        2. Remunerated employment, office, profession etc

        Adviser to Edulink Consultants; providers of education services in Dubai and Uganda. Address: PO Box 500697, Dubai, UAE. I advise on the running of Victoria University, Kampala, where I am Chair of the University Council, including advice on academic standards, marketing and the development of the curriculum.

        Payment of £12,494 on 16 April 2012. Hours: 26 hrs. (Registered 9 May 2012)

        Payment of £7,494 on 20 November 2012. Hours: 16 hrs. (Registered 25 November 2012)

        Payment of £12,500 on 18 January 2013. Hours: 17 hrs. (Registered 17 February 2013)

        6. Overseas visits

        Name of donor: Clean Energy Council of Australia

        Address of donor: 222 Exhibition Street, Melbourne, Australia

        Amount of donation (or estimate of the probable value): travel; value £7,330.75, and accommodation; value £1,431.86

        Destination of visit: Australia (Melbourne, Canberra, Sydney and Brisbane)

        Date of visit: 8-17 February 2013

        Purpose of visit: to meet energy industry representatives, civil servants and members of Parliament, to discuss energy issues

        (Registered 11 March 2013)

        9. Registrable shareholdings

        (a) Anacol Holdings Ltd.; a family investment company.

        (b) AFC Energy (shares and share options)

        Eco City Vehicles plc.

        Group Eurotunnel SA

        11. Miscellaneous

        Unremunerated director of ITI Energy Limited; suppliers of gasification equipment. I have not received any financial benefit from this directorship.

        Shareholding below registrable value in Eco City Vehicles plc; distributes and services London taxis. (Registered 29 December 2012)

        http://www.publications.parliament.uk/pa/cm/cmregmem/130408/yeo_tim.htm

        Like

  11. 33
    The Right Honourable George Osborne Mp says:

    I think we’ve got a very clear message, a loud and clear message that Britain cannot let up in dealing with its debts, dealing with its problems, cannot let up in making sure that Britain can pay its way in the world.

    Like

  12. 35
    RetardEd Militwat, PM in waiting, Queen of all the fairies and Thatchers Hair says:

    I was happy in the haze of a drunken hour
    But heaven knows I’m miserable now

    I was looking for a job, and then I found a job (That my brother wanted)
    And heaven knows I’m miserable now

    In my life
    Why do I give valuable time
    To people who don’t care if I live or die ? (Like the electorate)

    Vote LieBore – PLEASE!

    Like

  13. 63

    Out of all the nations in our world we are arguably one of the best placed to lead, to inspire, to act as a beacon for decency.

    We need our politicians to up their game, to be wiser, to be much more experienced (in real jobs not political ones). Much better than following policies which time is proving to be failures (but not to worry it must be someone else fault) and dividing our nation.

    I think that it was this/last weeks Economist that said that the tensions that caused the riots in 2011 are still simmering away under the surface. With the governments economic policies still failing us, and the harsh welfare changes now in effect, who will Cameron blame if we have along hot summer and riots re-erupt?

    Our nation has so much potential to rejuvinate and really lead in our world again, and in his early days Cameron did look like he might be able to tap into it. Sadly darkness seems to have well and truly penetrated.

    Vote Stewart, a man of the people with shedloads of real relevant experience, for European president :)

    Like

  14. 67
    Will says:

    Cutting Public spending is a lot harder in practice than many here make out.

    A lot of the spending is for actual items such as pensions, NHS and defence.

    The problem with the rest is that because of contracts signed you cannot just stop spending as the previous government put in financial penalties for cancellation. This is especially true of the aircraft carriers.

    Also a lot of government department such as MOD spending is out of control and it is taking a long time to get it under control, as more spending items occur.

    Also if you look at immigration the civil servants when questioned about backlog seem to find thousands of cases filed in cupboards etc. This has occur for years.

    Trying to change a culture such as this takes time, and having a coalition does not help.

    If the ordinary taxpayer really understood how poor some of gov debts are they would be outraged.

    I am surprised that the coalition has managed this well given what I know about gov debts and local gov wasting money just read private eye.

    Like

    • 72

      Which is one reason why it was naieve to try to do in in a few years, it will take 15-20 to do properly, and had our government started that process initially, being honest about the length of time required, there would have been more cooperation, less resistance and more success. OK it might not have been fast enough for the money markets, but when you run a country in fear of man made money markets you are seriously on the wrong path anyway.

      Also there were alternative solutions like using the QE money better which could have helped as I have explained many times before.

      Like

  15. 70
    Ghost of Marx (Groucho) says:

    And you are such a committed socialist that you drafted the contract, only needing to be signed by you and Johnny Marr, that reduced the take for the other two members to 10% each.

    Meat might be murder to you, you poncy twat, but at least us omnivores aren’t aspergic hypocrites with a dull take on life.

    Eat a burger, you limp wristed numpty!

    Like

  16. 71
    LibDimsLieLaborCons Fornicators says:

    There won’t be any change at all in our behaviour ……..

    we know the stupid UK electors like being fcuked by us & will

    continue to be fcuked by us at every possible opportunity ………..

    Democracy is not what its called here in the back water of the

    wonderful ever so powerful EUSSR…………..

    Like

  17. 84
    BBC statistician says:

    Our survey of potential new viewers from eastern Europe who are unlikely to pay the TV tax shows the exact opposite.

    A spokesman claims that “the BBC model B computer used for the analysis is misbehaving. We have purchased Long John Silver’s Aye-AyePad as a suitable replacement.”

    Like


Seen Elsewhere

Labour Votes Going Green | Guardian
UKIP Winning Class War | Tim Stanley
UKIP is a Good Thing | Peter Bone
Coalition of Losers | Fraser Nelson
UKIP Could Cost Labour 10 MPs | Sun
I Considered Defecting | Mark Pritchard
Thornberry a Snob | Sun
Thornberry Has Turned Fire on Labour | Guardian
Thornberry’s Contempt for Working Class | Telegraph
Thornberry Shows Why Labour are Losing to UKIP | Alex Wickham
Thornberry Accused of Outrageous Snobbery | Mail


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Dominic Cummings blasts Sir Jeremy:

“Heywood is more important than anyone in the cabinet, apart from Cameron and Osborne, and arguably more important than Osborne. He sits right next to the prime minister. He has him completely by the balls and Cameron does not do anything without Heywood’s permission.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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