Reality Check on Cuts

As Labour begins to scream hysterically about the planned £6 billion reduction in over-spending which will be made in Osborne-Law’s Emergency Budget, it falls to Guido to remind readers again that £6 billion is less than 1% of government spending and is equal to a mere two weeks of government borrowing.  This graph (first seen here) shows the difference in Labour and Tory coalition spending plans:

It doesn’t even begin to tackle the government’s indebtedness…

Baldemort Repents

Just in via email from Liam Byrne:

“My letter was a joke, from one Chief Secretary to another. I do hope David Laws’ sense of humour wasn’t another casualty of the coalition deal.”

The problem is that many will think “In Humour Veritas”…

Smith Institute’s Deficit and Decline

A co-conspirator points out that the Smith Institute, formerly Gordon Brown’s favourite think-tank/slush fund, hasn’t filed the legally required accounts to the Charity Commission due over three months ago. As regular readers will remember, the organisation was slammed by the Commission in 2008 for its political activity. Essentially it was a front group for Gordon’s leadership bid.

It seems that as the main beneficiary of the Sith’s work has now been consigned to history, the money and activities are drying up. Last year’s accounts showed that they were close to £120,000 in the red – a far cry from those heady days when they could afford to pay Ed Balls £89,000 for writing two pamphlets while in transit from being a Treasury SpAd to becoming an MP. It makes you wonder what devastation the missing accounts might possibly be hiding.

The Smith Institute says it is getting back to Guido… hopefully quicker than they file their accounts.

Quote of the Day

Liam Byrne left David Laws a note on his desk saying…

Dear Chief Secretary, I’m afraid to tell you there is no money left.”

Rich & Mark’s Monday Morning View

Milibrothers Favourites, Balls, Burnham, Cruddas Undeclared

Amazing isn’t it that only a week ago Labour politicians were telling us they were right and everyone else was wrong, yet now they are telling us they were actually wrong and now need to renew themselves. Politicians are nothing if not flexible.

Clegg was right on lowering taxes for the lower paid, the Tories were right on immigration and C2 voters stayed at home or voted BNP because Labour had lost connection with the working classes.  So say candidates to be next leader of the Labour Party.  Astounding about turns.

Guido isn’t really sure what change the Milibrothers are offering, more “fairness”, more “progressiveness”, more of the same without the vote losing bits.

Cruddas is dithering, Balls is claiming he is a martyr to a bad press, Burnham is getting his act together. Guido can’t wait to hear the Balls manifesto; he barely held onto his own seat, is hated even within his own party and he now says he is going to consult friends before making a decision.  Should only take 5 minutes to consult all his friends…

Burnham is a bit of a wild card, he wan’t even on the original bookies list of candidates (he comes under “other” now). David Miliband is the bookies favourite, having sewn up the most MPs pledges (shades of David Davis), Ed is the wonk’s favourite and Cruddas the favourite of the left. Balls is the favourite of only Charlie Whelan…

It all remains to play for, and it looks like we won’t know the result until Labour Party conference. Thrilling, eh?

Odds and image courtesy of Political Smarkets.

Quote of the Day

Page 3 girl Peta Todd says of the Equalities Minister…

“If Ms Featherstone wants to take us on, she should know that we won’t go down without a fight.  It’s pathetic. There are enough problems without wanting to stop our freedom of expression.”

Ed Balls Campaign Diary*

Finally got Yvette to agree not to stand, had to restrain myself from throwing my Costa coffee in her face when she started errmming and aahhing about it.  I will be the leader.

Can’t believe 20,000 people have watched that disgusting video of me pissed in Nazi uniform, that is more people than actually bloody voted for me.  I was a student for heaven’s sake.  At least nobody has got hold of the pictures of Yvette in the full leather-booted SS uniform.  If she stood, I’d give them to Damian, that’d stop her leadership bid dead. It would be the reich thing to do.

Charlie’s strategising has me a little worried, he reckons Miliband major and minor will split the wonk/careerist vote, with Burnham sewing up the “look at me I’m normal” vote formerly owned by Alan Johnson.  Burnham might well appeal to ordinary voters but they thankfully don’t get a say in who is leader of this Great Party of Ours, which explains how we got Gordon in.

That apparently leaves me with the “Tory hating, take no prisoners segment of the party”, which is most of the unions and a fair proportion of the Great Party of Ours. I will be leader.

Don’t trust Liam Byrne or that bitch Harman. Damian has a media grid to deal with them if they try anything.  Tom Baldwin, Paul Waugh and Toby Helm all lined up to run articles. I will be the leader.

The therapist says the positive self-reaffirmation is overcoming the blinking and stuttering, which is good because the surgical glue is painful as buggery to remove from the eyelids.  I will be the leader.  I WILL BE LEADER!

(*As leaked to Guido)

Saturday Seven Up

7upTuesday, May 11 was the blog’s highest traffic day since Smeargate with 168,672 visits. If you were not one of the 99,200 visitors viewing 705,255  pages over the last seven days, here are the seven most popular stories (in order […]

+ READ MORE +

Farm-Gate : Spelman’s Agri-Business, Bio-Tech Lobbying Past

On the campaign trail David Cameron said

“It is the next big scandal waiting to happen. It’s an issue that crosses party lines and has tainted our politics for too long, an issue that exposes the far-too-cosy relationship between politics,

[…]

+ READ MORE +

+ + + Stephen Timms MP Stabbed + + +

Labour’s former Financial Secretary to the Treasury Stephen Timms has been airlifted to hospital after being stabbed in his East Ham constituency.

A young woman has been arrested.

Developing…[…]

+ READ MORE +

Friday Caption Contest (Home From Home Edition)

[…]

+ READ MORE +



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Quote of the Day

Jean-Claude Juncker:

“We will never let the Greek people down. And we know the Greek people don’t want to let down the European Union.”

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