Every Week 2,000 People Go Bust

Gordon likes to talk about stability and prudence, but rising indebtedness and rising interest rates have led to people going bust and losing everything at the rate of 2,000 a week. Individuals are losing homes and businesses at an astonishing rate – triple that seen during the 1991/92 recession. Hardly evidence of a strong economy…

Insolvencies England & Wales
Source : Department for Business, Enterprise and Regulatory Reform (BERR) Insolvency Service and Companies House Executive Agencies.

Prezza’s Million Pound Pension

Prezza will get a pension valued at well over a million pounds and paying him over £1,000 a week. He of course has no declared interest in his son’s property dealing – largely involving politically sensitive planning applications or public sector land.

But it is nice to know the family has prospered so well while he was fighting so eloquently on behalf of the poor.

Prezza To Announce Retirement as MP Saturday

The Hull Daily Mail is reporting that Prezza will tell constituency activists at a party at his home on Saturday that he intends to step down as an MP. After trousering £300,000 for his memoirs (ghost written obviously) this was always on the cards.

Guido will miss the entertainment that the grammar mangling, pie-eating pugilist and serial adulterer brought to politics.

In the running for his seat: former Shipley MP, Chris Leslie, Jonathan Ashworth: a Tresury SpAd and Brownite loyalist, popular local councillor Steven Bayes and his spin-doctor son David Prescott.

It also occurs to Guido that the timing of the decision might indicate that Prezza thinks the election is very imminent…

Sith’s Konrad Rewarded with Downing Street Job

Guido can reveal that Konrad Caulkett, the former Smith Institute “charity worker” who was responsible for organising the nearly two hundred events at 11 Downing Street which proved so controversial that the Charity Commissioners launched a statutory investigation into the affair, has become a Downing Street Special Adviser.

The Smith Institute, a charity widely seen as a front for Gordon Brown, who seemed to be the only beneficiary of the charity, acted as an integral part of his long campaign to become PM. By law it was supposedly a non-partisan, non-political organisation, yet it hosted a how to beat Cameron event to which the Conservatives formally objected.

Wilf Stevenson, the director of the institute claimed, somewhat implausibly, that there was no direct link to Gordon Brown. Guido revealed that Sarah Brown got Konrad Caulkett the job at the Smith Institute. Despite Konrad being at the centre of allegations that the Smith Institute broke the law, Sarah Brown has once again stepped in to help him get a job, this time as her SpAd. So despite him being suspected of various breaches of the Charity laws, despite denials of links to Gordon, he has been brought onto the No. 10 payroll. Downing Street sleaze clearly didn’t end with Blair.

See also Sith attempt to cover-up use of No. 11, Mrs Brown recruits Konrad as the Sith apprentice, The back story to the Sith’s Konrad, The public charity which refuses to talk to the public, Non-political charity does policy at No. 11, Sith’s Konrad paid by charity to campaign for Balls’ election, The Charity Commission announcement, The Sith and the Statesman.

Redwood Wrong on the BBC and the Bogeyman

John Redwood writing in the Sunday Telegraph about the BBC’s coverage of his recent Policy Commission report made two interesting points.

The first point was that since the report was finished before Gordon became PM, how could it be, as claimed by Labour, a “lurch to the Right” after the negative polls of the last few weeks?

The second more bitter point: “I do not recall, every time Neil Kinnock made a statement as EU Commissioner, the BBC running the clip of him slipping on the beach. Gordon Brown’s statements are not introduced by running the recent pictures of him picking his nose on the front bench. I look forward to fairer treatment in future.”

Actually that is not quite true, BBC News 24 explicitly re-ran Gordon’s nosepicking the next day. The presenters were smirking in a weirdly restrained manner and referred to “the allegation”. French TV’s premier late night current affairs show ran the footage to much hilarity in the studio, the female TV presenter saying haughtily something like “this is the man the British want as Prime Minister”. Guido never misses an excuse to show it – much to the annoyance of some.

Here, once again, is the re-mixed version of Gordon the Bogeyman. It has also been reconfigured for viewing on video enabled mobile phones (http://messagespace.co.uk/bogey) and released as a text-messaged viral to download. The idea being that people will show it on their phones to their mates down the pub.

Once you watch it, you won’t be able to get it outta your head, unlike Gordon. You can see the close-up Bogeytastic re-mix again on GuyNews.TV.

Is this just typical Guidoisation, the trivialisation and personalisation of politics? You bet. Does this type of thing have an effect on voter opinion – for sure – ask David Steel about his spitting image puppet. For intellectual support for Guido’s thesis read the hit political book of the summer, Drew Westen’s The Political Brain: How People Vote and How to Change Their Minds: The Role of Emotion in Deciding the Fate of the Nation.

Gordon and House Prices

“I will not allow house prices to get out of control and put at risk the sustainability of the recovery.”
Gordon Brown, 1997 Budget Statement.

But Gordon did allow house prices to get out of control. Some of the housing market numbers are scary, the average house now costs 6 times average earnings – in London the figure is 10 times earnings. The historical long term figure is some 3 and half times earnings.

Is it any wonder that the average age of a first time buyer is 33 years old? Twentysomething families can’t afford a home of their own.

Yield models suggest* that house prices have to fall 40% to return to the long term average.

The simple truth is that in real terms it is now twice as expensive to buy a house as it was before Gordon promised he would “not allow house prices to get out of control”.

*Or rents could rise a corresponding amount.

Rich & Mark’s Monday Morning View

Friday Caption Contest

Mortgage Repossessions Set to Explode

“We will not return to the old boom and bust.”

Gordon Brown, 11th Budget Statement, 21 March 2007

Housing market: Repossessions
Court actions for Recovery of Residential Housing and Land, England and Wales, from 1996

Source: Department for Constitutional […]

Politicians Can’t Hide from Guido

Dateline : Tuscany, Tuesday – via a co-conspirator.If Guido can get a shot David, so can Al Qaeda. Perhaps he thinks the feeble boyish moustache and tan disguise will fool them…

[…]

Boom to Bust : Stocks Down 10% this Month

Stocks dropped 4% today, the FTSE 100 is down 10% this month and big UK mortgage lender Northern Rock has halved in price since the beginning of the year. What are the political ramifications for Gordon? Well didn’t he tell

[…]

Guido Writes for New Statesman

Bet you thought you’d never see that. Don’t worry it “was for charidee”. Amnesty actually. The article is about the Chinese online campaigner and now political prisoner, Shi Tao, and an email that got him a ten year prison

[…]



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Quote of the Day

Tim Shipman to Adam Boulton on the TV debates…

“If Cameron gets in a car to go to the debate, Lynton Crosby will stage a car crash.”

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