On the other hand, the Tories have a policy proposal to top slice the telly-tax to other public service providers to promote diversity and stimulate the creative industries market. If Guido is a public service content provider, does that not mean as content goes multi-platform, with online video-on-demand and suchlike, that Guido should get a splash of the £3 billion gravy train? Drinks all round on the telly taxpayer, why waste all that money on the BBC?
Along with many other reputable forecasters Professor David Miles, chief UK economist at blue chip investment banking powerhouse Morgan Stanley, is predicting that by the end of 2009 house prices will have dropped 20%.
In pockets of London prices have already fallen 20% from their highs. If that trend goes nationwide Britain is looking likely to have more than million homes in negative equity before the next election. This is based on the Bank of England’s own somewhat conservative numbers…
Despite Alistair’s grandstanding calls on the banks to buck the markets and drop their lending rates, even Northern Rock, controlled by the Treasury has upped lending rates. Meantime the socialist dreams of Gordon Brown the student are being realised with the back door nationalisation of the banks. Another £50 billion is to be pick-pocketed from the taxpayers to prop up banks. Guido does not know what the exact terms of the bail-out are, but in principle is opposed. Why are taxpayers expected to take risks which properly should be borne by shareholders?
Why should the banks listen to Gordon when his own government ministers don’t listen? Many junior members of the government are expected to rebel on the 10p rate, 42 days and even ID cards. We have a shambles of a government by the shambolic, with support slipping away. Bring on the General Election…
Darling says “tax is complicated”. Who complicated it? Simplify it by raising thresholds dramatically. Why should people on earnings of less than £10,000 pay any tax? They only have to fill out endless forms to get it back in welfare payments. Crazy. Raising the threshold on the low paid will incentivise people to come off benefits and work. It will reduce the cost of collection which is disproportionately higher on low incomes.
The Tories are too timid, the mood of the public has changed. New Labour has always referred to “unfunded tax cuts” and demanded to know how many hospitals and schools would correspondingly be cut. The Tories should be pointing to Labour’s “unfunded spending commitments” which have given Britain the highest budget deficit in the Western world. We can’t afford Labour’s reckless spending commitments – they are literally mortgaging our children’s taxes to pay for current spending. It is the economics of the “never, never”.
If you have not read it already, Guido can’t recommend it enough…
Tom Clark was a SpAd at the DWP and the old DTI hired from the Institute for Fiscal Studies. He clearly admires Brown whilst recognising his faults. Faults that make him unsuitable to be PM. Well worth a read.
Be afraid Nick, very afraid…
“Someone has persistently been sending material designed to discredit me to the right wing Guido Fawkes website. Some of the material has also been sent to the Western Mail. In the main it has been fabricated. My campaign failed and as a result of this scapegoating and these dirty tricks, I have lost my Cabinet job. The whole thing is a surreal nightmare and I don’t know what is behind it.”
Guido doesn’t usually like to reveal his dealings with the dead-tree-press but, for the record and for the avoidance of any doubt in this case, Guido can confirm that it was he who gave the story and examples of the faked emails over to the Western Mail’s Martin Shipton when the faker realised that Guido was on to him. As the Press Association wire story reports – the faked emails were sent after Peter Hain resigned.
So to be clear:
- the faked emails started circulating only after Hain resigned.
- have not so far been published by Guido or anyone else.
- their existence has come to light because Guido gave them over to the Western Mail’s Martin Shipton to investigate.
Jenny studied economics at Cambridge, worked at the Bank of England in 1992 as a professional economist during the ERM crisis before moving to Reuters in 1994 until becoming the BBC’s Economics Correspondent. In 2005 she became co-presenter with Brillo of the Daily Politics.
Guido particularly enjoyed her occasional cat-fights with Yvette Cooper and her teaching of rudimentary economics to Ed Balls. Viewer’s loss is Mervyn’s gain…