Banker Bashing : Why Boris is Right

Mayor Boris has written to the Chancellor demanding a meeting to discuss his introduction of a 50% tax rate a temporary 50% levy on banking bonuses . In a move that was as vindictive as it was irrational the chancellor is raising the top rate of income tax to 50% in April, making London more expensive for residents earning £1 million a year than New York or Hong Kong, according to KPMG estimates. A London banker on that amount will pay £491,278 in income tax and social security payments from April, a third more than in Hong Kong and £58,500 more than in New York, the data below shows:

Now some might think great, we”ll squeeze ’em till their pips squeak, we’ll bash bankers bonuses. Not for long comrades.   Just as Pol Pot’s extermination of the counter-revolutionary middle-classes (teachers and doctors) left Cambodians uneducated and unheallthy, driving bankers offshore will hurt those left behind more financially.  High-earners are mobile, foreign firms will re-locate, and foreign financial firms definitely won’t choose to locate here in the future.  The predicted one-time billion pound boost to revenue will see many more billions drain away long term. The burden will just fall heavier on those poor taxpayers left in debt ridden Britain…

See also We’ll Pay for Banker Bashing.

Their Fate Was Sealed

When Jonah visited Wales last week, it was only a matter of time before the curse struck. It was reported that the Prime Mentalist said “the key to turning around the economic downturn in Wales lies in creating and safeguarding jobs.” Mr Brown visited south Wales as part of his three-day regional tour of the UK and met workers in Cwmbran and Cardiff. He said maintaining employment levels across Wales was crucial in fighting the economic crisis.

The Cardiff workers fate was sealed.  This morning the BBC is reporting: “Around 900 jobs will be lost after the motor parts manufacturer Bosch said it is to close its south Wales plant. Plans being considered at the site in Miskin, near Cardiff, had included the option of 300 job cuts or complete closure.” Just stay in the bunker Gordon.  Please.

Tricky Mandy

If Guido told you this picture was taken covertly in the Victoria Street offices of the Lord Mandelson’s Dept. for Business, Innovation & Skills would you really be that surprised? Whitehall mandarins in the making need training.

Guido would call the press office for an explanation, but presumably if they have done the training course, they won’t give a straight answer.

If anyone wants to enlighten us, email…

Left and Right Unite Against McBride’s BBC Return

Damian McPoisonDecent Labour supporters have been quick to condemn the BBC giving a platform to McBride. “It’s nauseating and woefully inappropriate” said Alex Smith editor of LabourList. “It’s not just the Tories who are feeling discomfort about the supposed return of McBride” added Jessica Asato director of Labour campaign group Progress. It would be unwise for Gordon Brown to seek his counsel again…” says Left Foot Forward’s Will Straw. Perhaps most damning, PR Week‘s left leaning David Singleton used Twitter to compare Damian McBride to a convicted criminal. Ouch!

Guido even had calls from people within the BBC who were none too impressed that their organisation had brought him back into the limelight.  None on the left managed to articulate the anger felt by many licence fee payers today as well as Nadine does “The BBC invite McBride, a self confessed fantasist and liar, standards that could hardly stagger from a gutter, to speak at a conference?” Quite.

McBride Predicts Labour Won’t Win

Damian McPoisonGrasping at straws, but still loyal to Gordon, Damian McBride told the assembled Beeboids in White City earlier today that he thought Labour could hold on to enough seats to secure a hung parliament.  Paul Waugh and Ben Brogan have done follow-ups – Ben was actually there.

Damian slagged off Blair, claiming that during the mad cow crisis Gordon was sat with the Chief Veterinary Officer counting cows whilst Blair was only vaguely interested.  Some might think that Blair looking at the big picture rather than getting bogged down in micro-managing details was sensible for a Prime Minister.

Asked about the possible effect of “citizen journalism” on the general election, Damian said he thought the ubiquity of camera phones might cost a candidate dearly.  There was much smirking when Laura Kuenssberg cuttingly interjected that Damian himself “had an incident with new technology”.  Guido remembers her rottweiler-like pursuit of Damian during the opening weekend of Smeargate.

Do you think Damian is missing being in the game?

UPDATE : Danny Finkelstein is calling Paul Waugh on his somewhat, how shall we put it, well “spun” version of events – Waugh wasn’t there – Danny is implying that Waugh’s “BBC insider” source is not truthfully reporting events. Fancy that. A while back Paul Waugh was the only hack to report information that could only have come from Nadine Dorries, her lawyers, Guido or McPoison. When Guido teased him that he must have Damian’s new number, Waugh denied it.  Clearly Damian still has his number…

+ + + Damian McBride : Labour Won’t Win + + +

More follows…

Exclusive : Mcbride’s Back! Advising the BBC!

Damian McPoisonDamian McBride is back giving advice, and this time it is to the BBC.  According to Guido’s co-conspirator in White City he is speaking  (off-the-record terms) on the 5th floor at the White City HQ about now to an invited audience of BBC luvvies and executives on a discussion panel with Nick Robinson.

Guido has not been able to confirm from the BBC press office if, or how much he is being paid.

Surely the BBC hardly needs advice on doing Downing Street’s dirty work…

UPDATE : The BBC’s press office has just emailed:

It’s important for people to have the space to take stock, keep up with new developments and ensure we are providing the best possible service for our audience. The event allows staff across the whole of the division to come together to debate and discuss industry and editorial developments – including hearing from outside perspectives.

They also say Damian ain’t getting paid.

Exclusive : Labour Faked Cameron “Airbrushing”


In response to the last story Guido got a tip-off from Liam Murray to compare the original Tory poster with the Labour attack poster. The before and after comparison is clear: before on the original poster Dave is wearing heavy make-up but you can still see stubble, lines and skin pores, after Labour have manipulated the picture it looks as if he has been very clumsily airbushed.  Deliberate manipulation to make the slogan work…

Labour Go Negative

Labour’s campaign seems so devoid of original ideas that they have taken to stealing internet memes again. As Brown lectures us about Cameron’s use of image over policy, his party machine has officially commandeered a grassroots geek campaign that was […]

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Even the Iraqis are Laughing at Labour

Sex-text pest and FCO Minister Ivan Lewis has been slapped down by Iraq’s Ahrar Party leader Ayad Jamal Aldin after wading into Baghdad politics. In a move straight out of the New Labour playbook, Lewis used a piece in the […]

+ READ MORE +

PMQs Live Chat : It Was This Time Last Week Edition

[…]

+ READ MORE +

Brown’s Biographer Thinks He’s Finished on Election Day

Dr Anthony Seldon has written measured biographies of John Major and Tony Blair. his biography of Brown will be published in the autumn. That he intends to end the story on election day is revealing isn’t it?  Seldon clearly […]

+ READ MORE +



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Liam Fox shreds Cameron’s Calais scaremongering:

“Sad and disappointed to see our Prime Minister stoop to this level of scaremongering, especially as he knows the Calais agreement is nothing to do with the EU and agreed between the two govts”

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