Keen readers will notice the change to the portfolio on the right hand side for the first time in a month. Guido has just shorted FTSE futures and Dow futures. Combination of bad local news and a sense that there is a mood of bailout fatigue in the U.S. There is usually a “Santa Claus rally” in the markets at year end. Not sure Santa is going to come this year…
Actually when you break it down it looks like Lord Sainsbury wrote off £2,511,808 in loans and interest, converting the debt into a donation, Sir David Garrard did the same for £352,278 and Sir Gulam Noon likewise for £307,576. J K Rowling put £1 million of her Potter profits into propping up Labour. The rest of the money came from the unions apart from a donation-in-kind from Saatchi and Saatchi for their crap “Not Flash, Just Gordon” campaign.
UPDATE : Contrary to the Press Association report which all the rest of the media (both broadcast and print) are using for their reports, the total figure for loans converted is not £2.25m. It totals £3,171,662 in loans and interest written off from Lord Sainsbury, Sir Gulam Noon and Sir David Gerrard – the latter in the form of a partial conversion of his loan and interest into a donation. Guido just confirmed this with the Electoral Commission. Don’t they check their sources? Guido 1, Big Media 0.
Sky’s coverage was more like sports reporting, which is how it should be. PMQs is a bloodsport…
Well here is a chance for them to demonstrate their superior powers of political analysis of this fundamental dishonesty with the voters. Go on Michael/Polly, stop sneering in the margins, explain how this is in the public interest and not narrow party electoral interest. Go on, for once: justify this behaviour.
Coronation Street barmaid Michelle Connor (real name Kym Marsh formerly of Hear’Say) will join publicans and CAMRA to lend her support by pulling pints for “special guests” including Guido.
As pleasurable a prospect as this is, Guido would rather it was not necessary, however the British beer and pub industry is under severe and sustained pressure from Alistair Darling:
Sales of beer in pubs are now at their lowest levels since the Great Depression of the 1930s.
36 pubs are closing every week.
More than 44,000 jobs have been lost from the industry between 2000 and 2005.
Economic slowdown and Darling’s announcement of yet another increase in duty yesterday – on top of plans to increase the tax on beer above inflation next year and for the next three years is piling on the pressure on pubs. Guido is single-handedly doing everything he can to help…
Nigel Griffiths jumped up after the vote on a point of order to the Speaker; “Is it in order for MPs to pile into chamber…” he began before being drowned out with laughter from all sides.
Yes, a Labour MP thought it might be out of order for MPs to do their job. Desperate.
Total Debt planned 2008/09 – 2013/14 (PBR):
(For full methodology, see Sources & Methodology)
*They are trying to find reliable data for the cost of WWII at the moment.
Blinkered BBC is Ripe for Reform | David Keighley
Calls for Bercow to Face Inquiry | Mail
Labour Mad to Fight Tories on Tax | Dan Hodges
Right to be Forgotten is a Disaster | Padraig Reidy
Dave Could Be Finished Before 50 | James Forsyth
Why Do Politicians Keep Getting Caught on Tape? | BBC
Ed Guru: It’s Good to Tax the Dead | Mail
Dave Must Get Serious or He Will Lose | Tim Montgomerie
Polling Averages Trend | PoliticalBetting.com
Speaker Faces Questions Over Pass for Donor | Sun
Tory MPs’ Visit to Israel Condemned | Guardian
Knifed former civil service chief Bob Kerslake on his recent troubles:
“Many thks for kind wishes following back opn. Incision measured 16cm. A pretty big knife in the back! Photos on request.”
What time will dinner be ready this evening?
Rob Wilson MP
In the interests of me I am placing a copy of this email in the public domain.