“Change” is the desired message… wonder if they will promise tax cuts like Obama as well?
Tuesday 11 November 2008
For immediate use
Tories making headlines on the hoof – McNulty
Tony McNulty MP, Labour’s Employment Minister, responding to the Tory announcement on unemployment said: “This is desperate stuff from the Tories, who continue to scrabble around trying to find a coherent economic policy.
“There is no way they can get 350,000 new jobs out of these proposals. There are too many restrictions being applied, the incentive is too small and many of these ‘new’ jobs will simply displace other people seeking work.
“In addition, the Conservatives just cannot pay for this tax cut – it is misleading of Cameron to say he can pay for getting the short-term unemployed back into work by using figures of savings you would make from the long-term unemployed.
“Osborne’s judgment is wrong yet again. They are making headlines on the hoof and they will be found out. “They need to make their sums add up – particularly at such a difficult time for the global economy.”
1. Their figures on how many jobs would be created are complete fantasy. The Tory plan assumes that an employer would create a new job for someone unemployed for more than a year for just £2500. The Tories have failed to take account of the displacement of workers who would have gotten jobs anyway. Currently 60% of people come off job seekers allowance within three months – this number would drop dramatically under Conservative proposals as employers would be incentivised to overlook people who have been out of work for 13 weeks or less.
UPDATE : Some bloggers copy party press releases, some blogs are copied by party press offices… CCHQ at 10.38 sent out a press release quoting McNulty’s above November attack on what is now government policy. Wonder where they got that idea?
Hat-tip : Bloomberg
The 1844 Banking Bill ensured transparency in the operations of the Bank of England. It has been good enough for over 164 years.
Surely it can’t be that they don’t want us to know how fast the Bank of England’s printing presses are going to be running?
The Telegraph’s economics editor has just cottoned on to the dodge:
The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet – a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel’s Government in 1844 which originally granted the Bank the sole right to print UK money.
… Debating the issue in the House of Lords recently, Lord James of Blackheath, a Conservative peer, said: “Remove [this] control and there is nothing to stop an unreported and unmonitored flooding of the money market by the undisciplined use of the printing presses. If we went down that path we would be following a road which starts in Weimar, goes on through Harare and must not end in Westminster and London. That is the great fear that the abolition of that section will bring about – but the Bill abolishes it.”
You read it here first…
Guido thinks politicians (and candidates) should not be allowed to claim privacy protection, all their behaviour as public office holders and aspirants should be subject to scrutiny in the public interest. We need to know if they are hypocritically extolling one law for us and another for themselves. Which of course Hoon is guilty of here without a doubt, just as Gordon was when he got private dental treatment.
Therein will be LabourList’s major structural fault, however much they may deny this, it is a top-down tool of Labour HQ. On the right ConservativeHome scares, irritates and frustrates CCHQ, Dale is his own man with his own loyalties and Guido is on the whole contemptuous of CCHQ. LabourList will be far more on message. That is deep in New Labour’s DNA.
Guido wishes it well, Labourhome has never really found an editorial direction, LiberalConspiracy still has promise, even if it will never have broad grassroots appeal or the focus of a party structure to sustain itself. LabourList does seem to be heavy with a lot of the same old faces, with no pesky loony lefties, so it is hard to see it being that exciting. We shall see…
UPDATE : Dale has similar thoughts.
In a chic black suit and killer high heels, the 40something minister was at a cabinet meeting at the Elysee the day that she walked out of a Paris maternity clinic.
Not sure this is all necessarily for the best, but all credit to her for looking post-nataly fabulous.
Government Needs 10.6% Spending Cuts To Meet Target | IFS
What We Learned From the Referendum | FT
Scottish Crisis Moves South | Nick Wood
English Democrats Accidentally Celebrate Yes Victory | Pink News
Union In Its Current Form is Dead | Janan Ganesh
Labour Could Be Split in Two | Sun
Ashcroft Poll: Why Scotland Voted No | Buzzfeed
Boris: Change Barnett Formula | Sun
Cameron is Back | Dan Hodges
What Happens Now | James Kirkup
Cairo of the North | Quentin Letts
Diane Abbott on the Daily Politics:
“Labour MPs will unite behind Ed Miliband, once we find out what our policies are.”