January 14th, 2014

End of Ed’s “Cost of Living Crisis”

At the beginning of the year Guido predicted that the data would soon show that Ed’s “Cost-of-Living Crisis” was at an end. Today inflation fell to 2%, hitting the Bank of England’s target for the first time in four years and last month saw reported UK wage growth hit a six year high. Wage growth is set to outstrip inflation and with that the end of the rationale for Ed Miliband’s “Cost-of-Living Crisis”. The public are increasingly confident:

icm-confidence

All Ed’s slogans turn to dust “too far, too fast” was demonstrated to be wrong and Labour MPs think “One Nation Labour” is vacuous. Back to the drawing board…


144 Comments

  1. 1
    Priest says:

    He must be gutted

    Like

  2. 3
    Ah! Monika says:

    Rotate through 90 degrees and you have one sexy lady

    Like

  3. 4
    Ed Moribund says:

    But that is my whole platform. I go around and point at things and say
    ” ohhhh! Look at the price of that. Well I never! 2/6d for a bit of scrag end and some mutton”.
    And
    ” dairy milk. That used to be 10p less AND it had two extra squares under the last labour government.”

    That’s all I’ve got. The policy paper is as blank a drug addicts stare.
    What am I going to do?

    Like

  4. 5
    Sick of paying tax through the nose says:

    I don’t know anyone who is confident about keeping up with the ever rising cost of living given the increase in VAT and the huge increase in the price of energy since Cameron became PM.

    Like

    • 9
      Confucious says:

      Fair point – the latest energy rise was 10%?

      Plus, people are coming off 3/4/5 years of no pay rise, so ‘even’ if they get 2%+ pay rises they’ll still be behind for a while to come.

      These things are not always as straightforward as they seem.

      Like

      • 36
        Mr Potato Head says:

        The huge price rise in energy as a direct result of Ed Miliband’s green energy poll tax. Then of course the huge rise in immigration means more energy supply is needed to keep pace with the huge extra demand.

        Like

    • 10
      Casual Observer 5 says:

      The apparent good news is an illusion caused by BoE rate being above ECB / Fed.

      This state of affairs may be left in place until election – but is somewhat unstable.

      The big tell, and most important news right now, is not wage growth on dwindling jobs, but rather, investment and job creation.

      If the banks start lending properly again, and businesses start to expand + manufacturing / exports tick up a bit – then it is worth celebrating.

      This is not to say that Ed is wrong, but is pointing out that Labour even in opposition cannot be trusted on matters economic.

      Like

    • 15
      Mike Hunt says:

      But council tax and fuel have risen MUCH less than under the 13 years reign of terror.
      Cherry picking can be used to prove any point.

      Like

      • 50
        Sick of paying tax through the nose says:

        Don’t make me laugh.

        £68 to fill up my little car, I paid just £48 to fill up my large car a few years

        And I’m not cherry picking, at £2+ a kilo, I can’t afford cherries any longer.

        Like

    • 17
      Ma­qbo­ul says:

      VAT has not been increased for 3 years. What are you on about?

      Like

      • 24
        Sick of paying tax through the nose says:

        Everyone is still being hit by that swingeing VAT tax increase.

        Fuel rose by less under the coalition than under Labour alright, but energy prices still increased ABOVE the intolerable levels they reached under Labour.

        Like

        • 45
          Mr Potato Head says:

          Another point is that the UK is still providing subsidies to foreign on-shore wind-power companies that are 30% ABOVE that of other countries, even under the coalition.

          Like

          • Sick of paying tax through the nose says:

            Exactly. Middle England, the ones who pay most, are being crippled by tax. But why are we paying 30% more to subsidise wind farms, Mr Potato Head?

            Like

          • Toxic Labour for Spongers, Parasites, Immigrants, Criminals & other Wasters. says:

            Don’t forget we’ll be paying off Labour’s debt for decades.

            Like

        • 79
          Ma­qbo­ul says:

          How else exactly do you think we are going to pay off Gordon Brown’s national debt?

          Like

          • Don't steal my savings, Mr Cameron! says:

            According to Guido, the EU has mandated government theft of 10% of our savings to do that – and to make the corrupt EU gravy trainers massively richer than they already are at our expense.

            Like

    • 30
      Sick of paying tax through the nose says:

      Good points, Confucious, the salaries of most employees in the private sector have been frozen for the last 3 to 5 years, while prices escalated. So a 2% pay rise will not recoup a fraction of the living standards we’ve lost.

      Savers has been hit with almost zero interest rates too, in order to prop the economy up via QE and another doomed house price and credit boom/bust. This is not economic growth, it’s bloody madness.

      Like

    • 42
      Percy Ger says:

      FFS the increase in VAT wasn’t even noticeable and it does not apply to life’s essentials anyway.

      The price of oil has stopped going up since Iran came in from the cold and Miliband could well end up freezing energy prices at a market high.

      Like

      • 62
        Express Yourself with Crayons says:

        Thats as bad as selling 400 tonnes of gold at a market low.

        Like

        • 73
          A Vile Snot nosed economic illiterate, bully, cheat, liar, wiv a weird jaw movement says:

          IT WAS THE RIGHT THING TO DO!!!

          Like

      • 67
        Sick of paying tax through the nose says:

        That VAT increase might not be noticeable to political toff with tax free expenses like you, but it is bloody noticeable to the average woman and man on the street, along with all the other price increases that inept politicians have tossed our way.

        Like

    • 84
      carlo gambino says:

      My NPower April 2014 gas and leccie fix can be rolled into Scottish Power Feb 2015 for a saving.

      Light at the end of that particular tunnel.

      But yeah sure, cothoflivingcrithith a vacuous slogan from a vacuum with a blank sheet of paper.

      Like

      • 106
        Sick of paying tax through the nose says:

        How much saving – £40 a year? We’re paying through the nose for our gas and electricity under Cameron.

        Like

        • 109
          Sick of paying tax through the nose says:

          I can’t stand Miliband either, but they’re all the same: power mad, inept, greedy and out of touch with those of us who pay their out of control taxes.

          Like

  5. 12
    Postal Vote says:

    Client state, postal voting, constituency boundaries and bribed Beeb reading out bribed Guardian still likely to deliver the goods to Labour, i.e. keys to Nr 10.

    High percentage of client state constituents and and those related to them will vote labour. The client state exists of 5.5 million in public sector, millions on out of work benefits and millions receiving means-tested beneifts.

    Beeb was bought by Labour through hgher licens fee settlement than any other major political party would agree on, while Guardian was bought and is still being bought through public sector job ads for all sorts of outlets paid for by taxpayer.

    2015 is a done deal! Can’t wait for those champagne bottles in corridors of Beeb buildings and all those smiles on Upper Street.

    Like

    • 89
      carlo gambino says:

      tho’ thankfully, the weekly Guardian teat-sucker jobs supplement seems to be nearer to three pages these days than the hundred it used to be.

      Like

    • 104
      Fish says:

      You forgot immigrants PV – who are 4 times more likely to vote Labour.

      When the ordinary working man turned to the Tories and Thatcher, Labour vowed never to trust the British electorate, ever again.

      Like

  6. 13
    Raving Loon says:

    People who are genuinely “working class” generally hold views with at odds with the Labour leadership. Anti-welfare, less immigration, harsher prison sentences. This is why UKIP can secure northern working class votes.

    Like

  7. 14
    Valerie the rothweiler taking her own medicine says:

    France’s economy performs better and so do its men!

    Like

  8. 18
    nell says:

    http://www.telegraph.co.uk/news/politics/ed-miliband/10569973/Ed-Miliband-I-can-save-the-middle-class.html

    Here we go this is militwit’s next mindless phrase ‘ I can save the middle classes’

    Like

  9. 19
    CaptBlack says:

    Disagree – there is a very real cost of living crisis…the tax I pay to repay the debts of a Labour Governments!

    If you earn between £60-£120k (not unlikely in the south east) and are not self-employed i.e. you actually pay income tax, rather treating yourself as a limited company you are completely screwed.

    By the time you add income tax ni vat council tax…60-70% of your income is gone. Add on the high house prices and life sucks – “crushed middle” would be a more appropriate term. All the while my wife and I are working 16-18 hour days.

    This country needs to SERIOUSLY cut spending and introduce a 15% flat tax for UK nationals (effectively what contractors “choose” to pay). Married couples with children under 18 should pay 10%. EU & Commonwealth nationals 20%. All other 25%. Personal allowance should be scrapped… this is how to fix a cost of living crisis

    Like

    • 25
      Casual Observer 5 says:

      Cutting capital gains tax, and corporation taxes as well – reduction in % and massive simplification to reduce costs to business, would also help immensely in redistributing the tax burden more equally.

      The hidden costs of the UK tax system – as universal credit has highlighted – both discourage participation and mis-allocate capital away from investment and paradoxically the exchequer.

      Like

      • 135
        Jack Ketch says:

        If there was a simple, say two-page, tax code, what would the 64,000+ HMRC workers do? You don’t expect them to go out and get productive jobs, do you?

        Like

    • 26
      Anonymous says:

      +1000

      Like

      • 32
        LibLabCon says:

        Stop it, right now. We don’t need such thinking in the UK. We must continue to pay high tax, borrow billions and piss it all away on shit that’s of no be for to the people of the country whatsoever.

        Like

    • 88
      Ma­qbo­ul says:

      They can also reduce taxes by reducing the size of the state. An by opting out of the European one so there’s one whole strata right there with one slice.

      Like

    • 97
      carlo gambino says:

      ‘Married couples with children under 18 should pay 10%.’

      I’m guessing that’s you.

      And everyone else should subsidise you to get married and have children because …?

      Like

    • 125
      bloke says:

      Cut taxes? Don’t think so. Quangocrats need 250k plus a fat pension.

      Like

  10. 21
    Ed Milliwatt says:

    Help, I’m having a cotht of living critith critith!

    Like

    • 27
      the national debt not decreasing by the day despite Austerity says:

      My resolutions for 2014 are :

      1. To stop shopping at Tescos

      2. To brew my own beer

      3. To grow my own potatoes in my back garden

      4. Make my own chips

      Like

      • 48
        Confucious says:

        Tescos (and the others) are alright if you just get the ‘deals’ – but check they’re proper deals. Aldi etc are ok but not so much choice, ASDA and the Co-op seem to be the cheapest ‘biggies’.

        Home brew is ok but I couldn’t drink it for long.

        But yeah, basically just buy less and do more yourself at home.

        Like

      • 49
        Express Yourself with Crayons says:

        If you stopped frequenting prostitutes that would save a small fortune.

        Like

      • 100
        carlo gambino says:

        You’re hardly likely to grow your own potatoes and buy oven chips are you.

        Like

  11. 28
    P l e b says:

    Anyone who believes inflation is 2% is a fool.

    Like

  12. 31
    NS&I says:

    Does this mean it’s time to sell my inflation Index linked bonds and start moving the money in readiness for interest rates going up?

    Like

  13. 35
    Linkrider says:

    ‘Snot a ‘cost of living ‘ crisis, it’s a ‘Cost of Labour’ crisis!

    Like

  14. 46
    Time 2 CTRL, ALT & DEL says:

    Pray – who was the guy who was telling us all to buy gold and baked beans?

    Like

  15. 47
    Kin L. Has Chuks defected to the Tories? says:

    Like

    • 53
      Express Yourself with Crayons says:

      “A Labour government would reshape the economy, so that everyone could enjoy higher living standards”

      HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

      Like last time.

      HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

      Like

    • 54
      Mr Whippy says:

      This looks like a policy move to “love the middle class” and win their votes.

      Champagne Socialism is the one true way!

      Like

      • 58
        Confucious says:

        But what exactly do they propose to do? Small (if any) tax cuts and tinkering with benefits? That won’t achieve anything.

        Like

        • 119
          Afrocutter says:

          Chucky is dead centre middle class – he is only looking out for himself (as per all politicians of whatever stripe).

          Like

      • 80
        orangepekoe says:

        As someone who comes from generations of coal miners, soldiers, academics, ‘in service’ servants, cleaners and teachers I can tell you Miliband that I would rather vote for Muffin the Mule than you lot.

        No political party has ever been so treacherous than Labour and I don’t believe a word any of your MPs say.

        You rig elections, fiddle expenses and betrayed the working class so don’t bother trying to tell me yet another bunch of lies. You are all troughers and gangsters in my honest opinion and NEVER EVER will you get my vote again.

        I am not alone in having my eyes opened to your Party’s lies and damned lies.

        Like

    • 56
      A neutral view says:

      This is probably the most sensible shift in Labour policy since Tony Blair stood down.

      Like

      • 102
        carlo gambino says:

        Shift in pollicy????

        You’re confusing two things.

        1. What they say to get your vote and

        2. What they’ll do.

        Like

    • 61
      Alan59 says:

      Dear Ed , Labour are in total denial about how they ruined this country , with uncontrolled immigration and an open door policy to Foreign workers , forcing down
      living standards for the workers of this Country while Politicians give themselves
      an 11 % pay rise .Do you think we are going to listen to more Bull*hit from you and your poor excuse for a Party . Ex Labour voter.

      Like

      • 64
        This is going to cause concrern in Tory HQ. says:

        Like

        • 72
          Voting_Floater says:

          Well, that’s me convinced. I’m definitely going to vote for an over-privileged Marxist millionaire because he says he knows how I feel. I will completely forget how his economic illiteracy nearly wrecked the economy, and am convinced that he should be given another chance to finish the job properly.

          I want to live in a grey socialist utopia, ruled over by people who have never done a days work in their useless lives, and who gain all their knowledge of the world from the Guardian and Hampstead dinner parties.

          I am an ignorant prole and should have all my money taken from me. Furthermore I would like more immigration because my son’s future employment prospects have not been blighted enough (yet).

          Like

          • The Labour Party says:

            Please sign the Continuous Payment Authority below.

            I certify I am of sound mind. Please debit my bank accounts with unspecified amounts at unspecified intervals.

            Signed ………………………………………………………

            And thanks for considering Labour as your next saviours.

            Like

        • 74
          JH2303409329-3423 says:

          Er, is that the Middle Class you would have denied destroying in the first place three years ago?

          Fuck off and admire some photos of yourself, you preening twat.

          Like

        • 78
          Labour move into Tory Territory says:

          It is hard not to notice that the #Twittertrash who follow Chuka are not amused by Labour’s new middle Class Love bombing initiative, so they must be doing something right.

          Like

        • 82
          JH2303409329-3423 says:

          Plus many of the middle class will still be quietly seething that they have had to white-flight themselves to somewhere less ‘vibrant’, leading to a million+ drop in the paler population of London since 2000.

          I think you are on to a tough sell here Chukky.

          Like

        • 85
          70sgirly says:

          “only Labour can rebuild our middle class” says the man who was in the labour government who destroyed the middle and working class in this country.

          Like

        • 94
          rogerhicks says:

          In the aftermath of WW2 there was a strong sense of national identity, intensified by 6 years of war, but deeply rooted in our shared ethnic identity as Native Britons.

          This shared ethnic identity, which forms the natural basis of national identity and nationhood, Labour was instrumental in destroying through mass third world immigration and an ideology of white racial self-denial and self-contempt.

          Thank you Mr Miliband, but I’ve had enough of your party’s treachery.

          The party that expects us to “celebrate diversity”, which is nothing less than Orwellian newspeak for Native Britons to celebrate our own ethnic displacement (white flight), decline (we are already reduced to an ethnic minority in our capital city) and ultimate demise (we are predicted to become an ethnic minority in the country as a whole (which we have occupied since the end of the last ice age about 10,000 years ago) shortly after midcentury, just 100 years since mass third world immigration began).

          You’ll show endless sympathy and understanding for the plight of Native Americans and other indigenous peoples, but for your OWN indigenous peoples all you have is contempt

          Like

          • Well Writ says:

            +1

            But don’t forget Miliuband has no loyalty to the UK. Like his brother he believes in Marxist World Government

            Like

          • Rhubarb says:

            He is not indigenous. He is totally disingenuous. and should be sent back were his parents came from (or effoff and join his brother over the pond and let Obamacare deal with his cranial maladies.

            Like

          • Rhubarb says:

            *where

            Like

    • 81
      Pdubya says:

      Speaking as one of the middle class whose final salary pension was stolen, whose rates doubled,whose savings fell off a cliff and whose noses have been well and truly rubbed in culutural diversity and paying for a benefit underclass getting for nothing wages which we can only dream of if your lot get in power again the middle classes will cease to exist.
      Fxxking hypocrite.

      Like

      • 92
        dingdong says:

        I am a fat bastard business owner from the west midlands

        Chuka is not for me

        Like

      • 126
        Rhubarb says:

        If Liebore do steal the next election with their postal voting frauds, I suspect that that might be the start of some serious mayhem and non-cooperation throughout the land.

        Like

    • 87
      LingoStu says:

      We have seen how much you are to be trusted with the economy. You are just another career politician who has never done a proper job and thinks he was born to rule. You are not the solution to the class problem, Mr Milliband, you are the problem.

      You may win the next election, but it will purely be by default because the alternative is lies and betrayal by an opponent who has put himself beyond the pale. But if you do squeeze into power, don’t ever think we will trust you

      Like

    • 140
      Lord Duckhouse of Pondlife says:

      Yes, you reshaped it last time – so now it’s shit-shaped.

      Like

  16. 57
    DLT is toast says:

    Former BBC Radio 1 DJ Dave Lee Travis was an “opportunist” sex offender who targeted “vulnerable” young women, a London court has been told.

    One young woman, aged 19, had been “assaulted live on Top of the Pops” in 1978, prosecutor Miranda Moore QC said. The jury was shown footage of the alleged assault as the DJ introduced a song by The Smurfs.

    Mr Travis, 68 denies 13 counts of indecent assault and one of sexual assault.

    Ms Moore told Southwark Crown Court the alleged offences had taken place in work settings, including at pantomimes, openings and prize-givings.

    “The offences vary in gravity,” she said. “All are sexual in nature involving unwanted contact by this defendant on much younger women, both over clothing and under clothing.”

    One victim, then 15, claims she was pinned to her seat, and screamed in fear of being r*ped, during an assault in a trailer at a pop concert, Ms Moore told the court.

    A woman who alleges she was an 18-year-old virgin when she was assaulted in a BBC radio studio, went to the Daily Mail in 2012 after she felt nothing was being done by the BBC.

    The court was told that Mr Travis denies the assaults ever happened, and claims the alleged victims are motivated by greed for compensation and media attention.

    Mr Travis, who hosted the Radio 1 Breakfast show from 1978 to 1993 and was a regular host of Top of the Pops in the 1970s and 80s, is accused of carrying out the offences between 1976 and 2008.

    Mr Travis, of Mentmore, Buckinghamshire, stood in the dock as the charges, which relate to 11 female complainants, aged between 15 and 29 at the time, were read to the jury.

    They are:

    An indecent assault on a woman between 1 January 1976 and 31 December 1977

    An indecent assault on a girl aged 15 on 17 June 1978

    An indecent assault on a woman on 29 June 1978

    An indecent assault on a woman between 1 January 1981 and 31 December 1983

    An indecent assault on a woman between 1 January 1983 and 2 March 1984

    An indecent assault on a woman between 1 January 1983 and 31 December 1984

    An indecent assault on a woman between 1 November 1990 and 31 January 1991

    Two counts of indecent assault on a woman between 1 November 1992 and 1 January 1993

    Three counts of indecent assault on a woman between 1 January 2000 and 31 December 2003

    An indecent assault on a woman between 1 January 2000 and 31 December 2003

    A sexual assault on a woman between 1 June 2008 and 30 November 2008

    Judge Anthony Leonard told the jury to try the case only on evidence heard during the trial.

    He warned the jury of four men and eight women that there should be “no sleuthing” on the internet and said they could be jailed for contempt of court if they broke the rules.

    The trial is set to last up to six weeks.

    Like

  17. 60

    1270 AD, the Thames: “The downpour and the ensuing inundations were never so bad since the days of the flood of Noah”

    What if man-made climate change is all in the mind?
    Sean Thomas – Telegraph:

    http://bit.ly/1dmUlvh

    Like

  18. 66
    Diane Abbot. says:

    plan B?

    Like

  19. 71
    George Smith says:

    Universal Credit will be delivered on time and on budget.

    Like

  20. 90
    Mr Potato Head says:

    Russell Brand is facing calls to apologise after he used a homophobic slur during an address at the Cambridge Students’ Union (CSU).

    The comedian had been invited to speak by the student body and was looking at the various college crests before making the comment.

    In a bid to quiet the winning college who cheered as he selected their crest, he yelled out: “Shut up you Harry Potter poofs”.

    Like

  21. 93

    China doctor gets suspended death sentence for trafficking newborn babies – Reuters

    Suspended? They are not usually squeamish in dealing with their guilty. Suspect agenda.

    http://reut.rs/1d3far7

    Like

  22. 110
    Carry Hole: The retort of the right to Abbot on Health says:

    Perhaps Cameron should consider changing his diet if attempting to lose weight, in order to stop his gut rumbling on matters such as global warming and the benefits of closer EU integration.

    Like

  23. 131
    Ed The Eunuch says:

    Ballsup!

    Like

  24. 136
    Ha! Ha! says:

    So the price of gruel is coming down! Hoorah! Bring on the deflation!

    Ed needs to fuck off to Russia & convince the Putin to rip up their Chinese energy deal to ensure energy prices throughout Europe don’t go through the roof! Every little helps – no one!

    Like

  25. 137
    Ed the Eunuch says:

    All Labour’s arguments are flatlining. Why most people are skint is because the dozy Labour voting thickos cannot budget effectively.

    Like

  26. 141

    New slogan

    “Two Eds – No Idea!”

    Like

  27. 142
    fillet steak says:

    I’m raw, try me

    Like

  28. 144
    nick says:

    How about just the end of Balls full stop? he knows little, has messed up every department he has been in, he cannot string more than 5 words together, has never had an original thought in his life, has never worked in the real world and he tells lies. Surely Labour has Mps who can see what an utter liability he is every time he opens his mouth. Ditto Milliband and Harmon.

    Like


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Tony Blair threatens Ed:

“If you had a strong political lead that was combining the politics of aspiration with the politics of compassion, I still think that’s where you could get a substantial majority…  If I ever do an interview on [the state of the Labour Party], it will have to be at length…”



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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