December 9th, 2013

Blanchflower Wrong Again

Poor Danny Blanchflower is at it again. The man that predicted three of this year’s triple dip recessions and said in May “I nearly fell over laughing when I heard Mervyn King say there’s a recovery in sight”, has turned his brilliant mind to pay. Taking to the Indy, Blanchflower has bluntly claimed: “Take if from me: wages are not going to rise much over the coming years”. Just like his predicted 5 million unemployed under Osborne, it turns out Blanchflower is wrong. Again.  According to a survey by KPMG for Markit, pay growth has hit a six year high this month


49 Comments

  1. 1
    Polly One says:

    Polly’s Favourite Quack Economist.

  2. 2
    Penfold says:

    Never let an inconvenient truth get in the way of agit-prop.

    Blanchie should shuuuut iiiiit.

  3. 4
    Anonymous says:

    Poor Danny Blanchflower
    or
    Rich Danny Blanchflower

    • 46

      JUST ONE POINT OF PEDANTRY GWEED

      ITS DAVID NOT DANNY

      DANNY WAS POSSIBLY A FORBEAR .

      WHATEVER ….. DANNY WAS MOST CERTAINLY SKIPPER OF THE VERY SUCCESSFUL SPURS DOUBLE WINNING SIDE OF THE EARLY 60 S …. DAVID WAS/IS …….. NOT.

  4. 5
    Wait -what! says:

    When was this man last right on any subject and what was it?

  5. 6
    Mitch says:

    % pay rises are entirely relative, of course. For example, 0.1% to 0.2% is a 100% rise, but still f*ck all.

    Most people are taking a pay cut every year. That is the real point.

    • 10
      retardEd Miliband says:

      I will fweeze pay cut’th for two yearth.

    • 25
      Hamish Macbeth says:

      “”According to a survey by KPMG for Markit, pay growth has hit a six year high this month. “”

      I take it that includes the MPs 11% – cos the rest of us in the public sector are getting fook all

  6. 8
    Biased Broadcasting Corp says:

    We want him back then.

  7. 14
    Bored? This is worth a watch. says:

  8. 15
    WD & HO Wills says:

    I thought Danny Blanchflower was a footballer. In fact I’m certain as I’ve got his picture on cigarette cards.

  9. 16
    HEARDITALLSEENITALLBEFORE says:

    Look into Blanchflowers cretinous face it becomes instantly apparent you are looking at the face of a C-NT!

  10. 16
    BBC says:

    C’mon Guido, isn’t it time you put up some more nice propaganda about that Saint Mandela.

    It is after all, Nelson Mandel week.

    • 28
      RIP Victims of Mandelas Terrorism says:

      Nelson Mandela ate my hampster, then ran over my cat on a bike without tyres because his missus used them to give a necklace to my dog

    • 34
      Keith Vaz says:

      It’s spelt Mandella.

      Idiot!

  11. 18
    Anonymous says:

    Danny is the most often wrong never ever in doubt economist. No wonder Brown’s economic policies were such a mess with the Blanchfower giving him advice.

    • 38
      NE Frontiersman says:

      18: Back in the unlamented 70s, my college was endowed some money by the Burtons, for the purpose of buying an adjacent site for expansion – quite a glamorous coup for a rather undistinguished institution. No doubt a Burton wing and a Taylor hall would have been the intended outcome. Pending the need for the funds, the Master invested the money in the Stock Exchange, and lost most of it.

      He was the government’s chief economic adviser at the time.
      His brother was exposed shortly afterwards as a Soviet spy.

      • 39
        Matilda says:

        Never ever never never give funds to other people for them to carry out something like that. It is invariably much better and safer to get the job done yourself and then hand over the finished article to those for whom it was intended.

        Half the problem with the UK aid programme is that it follows the hand-over-the-cash method – and of course the cash disappears within the hour. If you want to give someone a road or a bridge, get UK contractors to do the work and pay them at HQ back home.

  12. 21
    Raving Loon says:

    Him and Paul Krugman should be laughed out of the economics profession.

  13. 23
    Vlad the Loudhailer says:

    He’s as crap at economics as he was at football!

  14. 26
    Anonymous says:

    The growth in job vacancies hit the fastest rate in 15 years in November, according to the latest survey from the body that represents recruitment firms.

    The report also showed that growth in salaries for permanent staff was the highest in six years.

    • 40
      Matilda says:

      Don’t know where all these jobs are, but my son has been trying very conscientiously to get another job following the closure of his previous firm and the consequent redundancy. I suspect we are all being fed dubious statistics and half (or even quarter) truths here

  15. 27
    Righties miss apartheid says:

    Hey righties, one of your pals making a threat on TV. He’s not too bright threatening a black presenter and black guest in an African country. He must think it’s still an apartheid regime. Much like many of you wish it still was.

  16. 32
    Mandela about Thatcher says:

    She is an enemy of apartheid.

  17. 33
    The Cons*LieLabor*LebDims Evil Alliance says:

    We are doing very nicely with our 11% increase plus pension increase plus
    expenses increase.

    We fully believe in equality & fairness providing it does not include us
    as we are far to important to be bothered with such trifling matters
    that only must apply to the filthy stinking masses as they scrabble around
    for there 1% or less or much better decrease in pay as they must keep
    us in the style to which we demand.

  18. 36
    Carney Easing says:

    The great socialists plan for recovery is to tax the bankers bonuses and subsidise everything, whether they need it or not.

  19. 37
    Ippikin says:

    And we are equally wrong in listening to his constant stream of gibberish, let alone pay any attention to it or in any way publicise it!

  20. 41
    eh? says:

    Why would any organisation give this useless twat a
    job with such an appalling record?

  21. 42
    Displaced Brummie says:

    He is a halfwit.

  22. 43
    Prophet of Doom says:

    Another Profit of Doom!

  23. 44
    Anonymous says:

    Cretin

  24. 47
    Nemesis says:

    Danny Blanchflower – thought he was a footballer?

  25. 48
    Mark Carney says:

    You haven’t been listening Guido. Less than a month ago I told you there would be no real terms wage growth until mid-2014. This straw poll survey is simply highlighting the fact the gap between inflation and nominal wage increases is finally beginning to narrow. They are still rising at only half the rate of inflation.


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A confused Nick Griffin says Nigel Farage is a shill for the City, forgetting that City banks want to stay in the EU:

“Farage is a snake oil salesman, but a very good one. His supposed anti-immigration stance is all smoke and mirrors, as is his carefully cultivated image as a ‘man of the people’. The truth is that UKIP is a pro-immigration party that exists to lobby for the interests of the City of London.”



Alexrod says:

It’s money innit.


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