January 24th, 2014

About That New Tory Cost-of-Living Counter-Attack…

Guido likes to think we are more than just a political gossip blog providing readers with the finest in tittle-tattle for a decade.

We’re also a think-tank:

January 24, 2014, George Osborne’s sock-puppet Matthew Hancock is arguing in The Times and on the Today programme this morning that the cost of living crisis is over:

matt-hancockOver the past year, from 2012 to 2013, things have started to turn around. New facts on take-home pay — the pound in your pocket — are stark. Last year take-home pay grew faster than inflation for every group of earners except the top 10 per cent.

In Davos today the PM is also hailing rising take home pay. You’re either in front of Guido, or you’re behind…


78 Comments

  1. 1

    The Editor
    The Guido Fawkes Blog
    Sir

    Could you kindly warn us how much more of Hancock is due to emerge?

    Yours etc.

    Like

    • 2
      kmc says:

      How much more of him is due to emerge? Depending on who catches his eye, about 5 or 6 inches I should think.

      Like

    • 8
      Austerity, What austerity? says:

      Have to wonder if much of this austerity thing was engineered by spin merchants anyway.

      I certainly have not noticed any austerity and neither have friends and family.

      Also the shops are as full as they ever were and you rarely see an old banger on the roads these days.

      White D has got a laptop and Fungi is never short of fags, weed and booze.

      Like

    • 15
      Dave likes debtors says:

      What is Carney’s real remit at the BoE re Interest Rates?

      It is emerging that the unemployment figure is not really such an important thing after all.

      How independent is Carney actually? I suspect Dave has told me to keep interest rates low for the foreseeable future so that Govt can inflate their way out of debt.

      Savers and Pensioners are going to be fucked on an on-going basis.

      Like

      • 32
        For such a small nation, they seem to be grossly over-represented in the world's governments says:

        What is Carney’s remit full stop?

        Don’t mention that he’s a 4×2, ex GoldmanSachs bilderberger.

        I did once, but I think I got away with it.

        Like

      • 34
        Quiet Bat Person says:

        Nobody with more than 2 brain cells believes the Government inflation figures either. The whole thing is rigged to disguise inflating away government debt, as you say.

        For years the BoE failed in it’s one target – controlling the fake inflation figures. Instead it assumed the role of economic policymaker. In so doing, it fucked the savings and private pensions of millions of people, all to try and prop up the housing bubble.

        Carney ghas been caught out now. His promise of more realistic interest rates has been shown to be a sham.

        OK if you have a public sector pension linked to inflation though (including MPs) but ‘hard working families’ are being screwed over as usual.

        Like

    • 16
      Some people are never happy says:

      Some people are never happy

      It’s just a fact of life, Some people are never happy.

      Mortgages for six years now have been at record low rates, yet people still complain that they may have to pay a still below, much below long term average rate soon.

      Some people are never happy

      Like

      • 40
        I dislike socialists intensely says:

        Miliband and Balls are praying for the B.O.E. to increase the interest rates .
        They see that as the only downside for the British people now that the
        economy is improving in leaps and bounds .
        Labour are not interested in what is good for the Country, only in short
        term political advantage .

        Like

      • 45
        It's all bullshit, we're fecked says:

        I remember when it was perfectly normal for interest rates on a loan to be 12%.

        If interest rates reach this level again, I imagine that about 40% of the nation will become homeless, and all but the most essential of businesses will fold because those that can pay their increased debts will have no spare money.

        Throughout history, every single fiat currency issued by any nation has failed, catastrophically, except a few of those instituted in the 20th century, which are currently in terminal decline. Fiat currencies like the dollar and the pound are on their last legs. They cannot possibly, never in a million years, continue for another 50 years, and most likely much less. The only way to fix it (fairly) is to return to the Gold Standard, but this is now impossible because Gordy flogged most of it. The US will default, absolute racing certainty, and the only way they can rid themselves of such colossal debt is to change to a new currency, a devalued currency, wreaking havoc on international markets and robbing everyone of their accumulated wealth overnight.

        There really is no other alternative. Mongs have been saying that the astute should buy gold and silver. Rubbish.

        Buy beans, shotgun cartridges and land, if you are able to defend it, the only real asset. It’s not called real estate for nothing.

        Like

        • 56
          (Rarely) Dangerous Brian says:

          A bleak forecast indeed, but maybe not that far off the mark.

          Like

        • 75
          JohnM says:

          I think you´ll find that fractional reserve banking applies to gold holdings as well!
          Hence the panic over Germany repatriating its gold!

          Like

    • 28
      Has this man no Shame? says:

      Like

    • 55
      Robert says:

      I think after yesterday’s revelations from @WikiGuido Guido is probably worried about exactly which Tory MP’s are behind him

      Like

  2. 3
    Squeeze my knuckles of Sheen says:

    Like

  3. 4
    Incapable Vince, deputy Chief Cockroach says:

    Any improvements in this Country’s economic and financial fortunes are SOLELY down to the Liberal Democrats. We have focused relentlessly on rescuing and repairing Labour’s economic catastrophe, we have spared no effort to turn things round.

    Where there have been mistakes and cock-ups miscalculations, the Tories are SOLELY to blame.

    Vote LibDem.

    Like

  4. 5
    Anonymous says:

    Made sure non of the Treasury team had their prints on this one then.

    Like

  5. 6
    Hugh Janus says:

    When is One Term Dave, or one of his bag-carriers, going to mention – and deal with – our rising debt mountain??

    Like

  6. 7
    Ken Barlow says:

    I’ve never had it so good….

    Like

  7. 9
    Dontvoteforanyofthem says:

    I have not had a pay rise since August 2008. Any increase I have had in spendable income, has come because of the increase in personal tax allowance. That has not offset increases in the cost of fuel, food and other essentials.

    Regardless of the official figures, there are many people still feeling that cost of living crisis in their own pockets.

    Like

    • 18
      Red Ragged says:

      But not those that bleat the message from the spin doctors. They are in a protected environment. Vote Revolution !

      Like

    • 35
      Mitch says:

      Exactly the point I was going to make. One year’s above inflation pay rise (if you get it!) isn’t going to make up for years of real-wage decreases.

      There is some validity in the claim that there is a ‘cost of living crisis’.

      Like

      • 51
        It's all bullshit, we're fecked says:

        I don’t take any notice of the increased production of tractors or the maintenance of the generous chocolate ration.

        I do know that I cannot do what my working class father could do, 40 years ago, which was comfortably raise a family of two kids, buy a car and a house, remain debt free (except for the affordable mortgage), go on holiday once a year and keep his wife so that she in turn could keep house, all on a forty hour week at the local power station. He never had a bill he couldn’t pay, never worried about the electric bill, never had to call a company to arrange a payment plan, always had a few coins in his pocket for a pint or two at the weekend.

        There is no way that I am better off this year than last, nor the year before that, nor the year before that, etc, etc. It simply is not true.

        When I had my first real job, I earned around 120 quid a week. Not a fortune, but it bought a heck of a lot more than 400 quid a week does today, and that was 35 years ago.

        Like

        • 60
          Window Taxidermy says:

          Take note a man that speaks the truth – listen to Guido and the Evening Standard and we are powering “out of recession”, what drivel we are living on borrowed everything

          Like

        • 74
          A non emouse says:

          So true.
          The sad fact is that most are in your position.

          Like

  8. 12
    Austerity, What austerity? says:

    Like

    • 49
      Chris Turney says:

      Would love to Nab!

      My appearance fee is $2.5 million dollars, which is what rescuing me from my watermelon vanity cruise cost various taxpayers, not to mention the damage done to real scientific expeditions die to their icebreakers being diverted. Used $20s will be fine.

      What time do you want me there?

      Like

  9. 13
    Slowpoke says:

    Labour talk nonsense but the Conservatives take months to respond, giving Miliband room to hog headlines with his confused rants.

    How long do we have to wait until the Tories expose Miliband’s energy price freeze as a stunt that’s scaring away investment in the energy sector and driving prices up?

    Like

    • 44
      Mr Potato Head says:

      That is his winter policy. When it comes summer Ed will be asking why the Government are not giving out free ice creams with a 99 on them to all our children. He is that flaky.

      Like

    • 77
      JohnM says:

      Good. Too much investment in windmills and not enough in power generation!

      Like

  10. 14
    Male Tory MP says:

    I’m going to the toilet. *wink* P.S. Don’t tell anyone, as I tell everyone I hate gays and they’re disgusting.

    Like

  11. 17
    Genghiz the kahn says:

    Like

  12. 20
    Mr Potato Head says:

    With all this good economic news (whether real or fiddled) you have to wonder if the Tories are not ahead in the polls by now will they ever be again? Have they become unelectable no matter how well they perform? It certainly looks like it to me, especially given the boundary problems they have. Then again maybe it is just Dave and an aversion of most of the country to fat cats and toffs.

    Like

  13. 21
    Corruption Down City Hall says:

    Like

  14. 22
    A loony from Ottawa says:

    I have seen the future and it is not garlic bread.

    It is deflation.

    Like

  15. 24
    Pick litter for bennies says:

    “Hello is that 999.I,d like to report a crime,there,s someone in Parliament pretending to be a Shadow Chancellor.He,s always getting everything wrong”.Burrrrrrrrrr.Apologies to Man U fans-well not really.

    Like

  16. 26
  17. 29
    Male Tory MP says:

    We on the right support traditional marriage. We find gays disgusting. By the way, I’m going to the toilet. *wink*

    Like

  18. 30
    Village Idiot says:

    …..House of Lords discussing referendum bill,interesting!!!!

    Like

  19. 33
    The BBC creaks into action says:

    Like

  20. 37
    Browney points for the browning says:

    Like

    • 43
      cep says:

      Anything for publicity. Surprised chucky boy wasn’t there.

      Like

    • 48
      Mitch says:

      I hope I have that much hair at that age..

      Like

      • 54
        Lots don't like to hear it, but the facts don't stack up says:

        It’s fake. Along with not a few of the ‘survivor’ stories.

        I don’t know what all this has to do with Frank Bruno, or why he has got that ridiculous haircut.

        Like

        • 58
          (Rarely) Dangerous Brian says:

          Boom boom!

          Like

        • 62
          Fly on the wall says:

          The one in black looks like she has been pulled through a hedge backwards (or just got up).

          4 x 2 Editor of their favourite house mag on Sky earlier saying how simply awful that French comedian bloke was. Some exceptionally thin-skinned people really are very easy to wind up, aren’t they?

          Like

  21. 39
    Anonymous says:

    Anyone else spot the poor fellow from Kingsbridge on BBC News last night? Runs a ‘Pizza Joint’ and struggles on ‘ten grand’ a year. Given extensive airtime to show how terrible things are.

    Turns out that Wayne Grills is actually a Labour councillor and deputy town mayor. Funny that BBc didn’t mention it.

    Like

  22. 46
    JMF says:

    Lord Rennard was sent out by the LibDems to do a survey on the state out British Agriculture as a way of keeping him away and out of sight. He visited a Pig Farm and all the snappers where there taking photos of him amongst the porkers.
    The Picture Editor was looking at the pictures and looking fro a caption.

    Lord Rennard Visits Pigs. No not catchy enough.
    Lord Rennard Amongst The Pigs. No does not grab you.
    Lord Rennard Third From The Left. Yes that the one

    Now the LibDems should appreciate this joke as it is “Green” The joke has been recycled, it was originally about Nikita Khrushchev in the Soviet era .

    Like

  23. 53

    Perhaps if we moved parliament a little further north, given time we may get MPs with a little more grey matter……Just a thought !

    Like

  24. 59
    Taxpayer says:

    “Last year take-home pay grew faster than inflation for every group of earners except the top 10 per cent.”

    And naturally Cameron is more than happy to ignore that group of people ,despite them paying more than half of all income tax, as they simply aren’t the target audience of the Conservatives any longer. The guy is an absolute cretin. Taxes are way too high and this idea he’s had today that we can repatriate jobs from Asia is hilarious given the ludicrous marginal rates we have here.

    Like

    • 61
      Anonymous says:

      I wonder how big the gap is between the taxes they should be paying and how much they actually pay?

      It’s like justify robbing someone’s house by saying I could have stolen more but I didn’t.

      Like

      • 68
        Taxpayer says:

        Well I can’t be certain but the “top 10% of earners” probably includes everyone down to around £40k/annum. Problem is that when you bandy around statements like “top 10%” people automatically assume it’s multimillionares when it plainly isn’t.

        Like

    • 66
      Fly on the wall says:

      Cameron is talking his usual bollocks. Thanks to three of his employers going out of business in the past 15 months, my son has had to accept progressively lower wages than the company he had just been made reduntant by aas he found employment. He has just started a new job – again with wages lower than what he was earning with his last employer. WTF does Cameron get this b/s from – and who is feeding it to him? Does he think we are all fucking stupid cretins??

      Like

  25. 78
    BBC is Labour's mouthpiece. says:

    BBC Radio 5 did their best to discredit the coalition’s claim. In the morning they wheeled out an ‘economist’ who said that any comparison of net pay should be with 2008, not 2010. Surprise, surprise he said that things hadn’t improved since then – he was not, of course, asked to confirm the comparison with 2010. Later in the day, Milliband was allowed to make general accusations that the Tories only support the top 10% of earners, without any challenge.

    Like


Seen Elsewhere

David Cameron’s Draft Resignation Letter | Speccie
Labour HQ to Be Demolished | Asa Bennett
Dirty Politics is a Good Thing | Harry Cole
Media Fear and Loathing in Scotland, Labour Next | Owen Jones
UK Top 10 Influencer Political Blogs | Cision
Redwood Exposes Constitutional Vandalism | Nick Wood
No Campaign Has Been Inept | Mail
PM Faces Friday Bloodbath | Mail
Will Miliband Bottle English Devolution? | Mary Riddell
Why Pollsters Could Be Wrong | John McDermott
Cameron Faces Vote of No Confidence or Rebellion | FT


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