Pound Trading Higher

Must be really disappointing for Mandy, Brown and Darling that the pound is up this morning. They were all ready to enjoy themselves blaming Osborne breaking some unheard of convention and trashing the economy.

Ahh well, back to painting Gordon as the Saviour of the World.

Liam Byrne’s twist on "There’s Only Rubbish on TV"

While investigating his cappuccino control freakery, Guido came across this brilliant use of YouTube by Liam Byrne. Credit where credit is due – what a good idea. Highlight rubbish tipping on a YouTube video, upload it to the local MP’s blog-like website. He can be bring quick results when the council executive responsible for street cleaning can see where he has missed rubbish. Videoing and shaming…


Cost of operation to Liam Byrne and the taxpayer? Nothing, digital camera, upload to YouTube for free, call council and tell them it is there. So what if only 50 people watch these videos – doesn’t matter so long as the person responsible for street cleaning is one of them and takes action as a result.

Guido hears a lot of nonsense about Web 2.0 and politics – this is a really simple, effective idea.

Pound Opens Higher – "George Who?"

Markets don’t care what Osborne says…

Rich & Mark’s Monday Morning View

Brown’s Empty Claim to Economic Leadership of the World

Only Nick Robinson would give Brown’s ludicrous claim a serious hearing:
“BBC political editor Nick Robinson said the fact that a series of countries now look likely to implement packages of tax cuts and spending increases would allow Mr Brown to claim the UK is in the lead when it came to dealing with the economic crisis.”

Well it will allow the Prime Mentalist to make that claim to “leadership” only if Nick fails to ask the right questions. Here are a selection of packages already announced from around the world:
  • The U.S. fiscal stimulus plan worth $150 billion went into play in February with bi-partisan support.
  • The Chinese stimulus package is a $586 billion public works acceleration plan announced last week.
  • The German Cabinet approved a stimulus package weeks ago, as did the French.
  • Australia’s second stimulus package was announced last month – though they have the advantage of a massive budget surplus after a decade of Conservative economic policies.
  • Spain’s fiscal stimulus package was announced in April.
  • Conservative run Canada also has for years run a budget surplus and remains determined to balance the budget and cut taxes.
  • Japan has been doing fiscal stimulus for two decades.
In fact of the G7 countries it appears that only Berlusconi and Brown have yet to announce a fiscal stimulus package. Of course Brown is way behind the curve on this, because he was until a few months ago delusionally claiming that our economy was strong and in better shape than the rest of the world including America. Brown’s last budget as chancellor was a fantasy in forecasting. Some leadership…

How the Tories Could Lose in 2009

Robert Winnett in the Daily Labourgraph maps out the Brownies fantasy scenario for power. It has some elements of truth in it. ConservativeHome summarises the map succintly:
Brown cuts taxes… Osborne doesn’t find room for serious tax cuts… Infighting breaks out inside Tory Party… Lots of interest rate cuts… Caroline Spelman forced to resign over nannygate… Barack meets Brown… Then narrow Labour election win early next year…

Feasible? Gordon is clearly going to throw some bribes the electorate’s way next year. In that context the Osborne-Letwin “no punk tax cuts” hair-shirt is political masochism.

If Labour does a Bush-style tax rebate, and Guido will not be in the least surprised if Gordon performs the mother of all U-turns, Osborne could talk about budget deficits, Gilt-yields and sound money until he is blue in the face. The electorate will see tax rebate cheques and the shadow chancellor saying they shouldn’t have ’em…

The Tories need to follow the LibDem lead (not a phrase often seen). Point to the £20 billion in savings identified. £20 billion is 3% of government expenditure, expenditure which has nearly doubled under New Labour. Dropping ID cards alone could save nearly half that amount. It costs some £6 billion to raise thresholds £1,000 for everbody, it will defuse the Tory Tax Bomb blowing up in their face.

Crash Gordon : Saviour of the Universe

Friday Caption Competition (Corfu Edition)

Gordon Endorses Bush Policies Warns Obama Against Protectionism

Back in February George Bush pushed through a tax cut based growth package with bi-partisan support. Reported on this blog thus:

Guido looks at the economy and sees real trouble ahead, it needs decisive action, not hand-wringing words from politicians

[…]

+ READ MORE +

Gordon’s G20 Plan

Gordon is going to Washington with a few key spin objectives:

  • To present himself as the respected elder statesman of international finance – never mind Sarko’s pretensions.
  • To frame Britain’s problems in an international context. Sterling’s collapse is to be
  • […]

    + READ MORE +

    Hain : Foreign Funded Electoral Strategy Conference "This is Not a Labour Party Event"

    Hain is trying to spin his way out of trouble claiming that the conference he has organised is not an official Labour Party event. It is quite clear that it is a Labour Party supporting event and attended by party

    […]

    + READ MORE +

    Gavyn Davies Advocates Mugabenomics

    Some of the more excitable co-conspirators have been warning in the comments on this blog for that Britain is heading the way of Zimbabwe. Guido has until now discounted them as being over the top (yes the comments here do

    […]

    + READ MORE +



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    Quote of the Day

    Former Labour MP Dame Anne Begg:

    “[Iain Duncan Smith] took to standing behind me during Prime Minister’s Questions. He stood at what’s called the Bar of the House and occasionally he would lean on my wheelchair. Our working relationship was slightly fraught anyway because I’d been critical of him a lot. I wanted to keep that criticism a professional criticism, not a criticism of him as a person so I never quite built up the courage to actually say: ‘Please don’t do that.'”

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