Met Letter to Jacqui Smith : "We Needed Consent, We Got Consent"


Via Wikileaks

Jeremy Corbyn Most Rebellious MP Again

There is something marvellously truculent about Jeremy Corbyn. He is once again, according to Philip Cowley’s analysis, the most rebellious whip defying MP. Given that part of the reason for getting rid of Tony Blair was to restore party discipline it is amusing to see that the parliamentary Labour Party is more revolting now than it was under Blair; “Gordon Brown’s first complete parliamentary session as Prime Minister, saw Labour MPs defy their whips on 103 occasions. That compares to 96 occasions in Tony Blair’s whole first Parliament.”

Download full analysis (pdf).

House Prices Fell 16% Y-o-Y, Car Sales Down 36.8% November

The pound is at a record low against the euro this morning (1.15). Today we’ll probably see the Bank of England cut base rates to 2%. Alistair Darling says we’ll be out of recession by the second half of next year – which seems to Guido very, very unlikely. The government says it will be underwriting the entire mortgage business, not just through quasi-nationalisation of banks, but by guaranteeing defaulting borrowers for 2 years. This is not a recipe for sound money. At this rate we will soon have to rename the currency the Great British Krona…

Speaker Underwhelms

Not exactly his finest hour was it? He really is the most chippy useless speaker to have sat in that chair. He is a terrible champion of parliamentary democracy.

Calling Devil’s Kitchen

The Devil is forever boasting that he never suffers a hang-over. Guido can confirm that he does pass out though. DK, if you are wondering what happened to your phone and wallet, call, they are safe…

Green Raid Footage

C’mon ComRes

Has the arrest of Damian Green and the hiking of beer and income taxes boosted Labour massively? ComRes has Labour up 4% to only 1% behind the Tories (down 6%).

The ComRes national numbers are Con 37%(-6), Lab 36%(+4), Lib 17%(+5). It also has the Tories ahead of Labour in Wales and Labour shooting up in the wealthy Tory heartlands of the south east of England.

Does that make sense to you? ICM and Mori have Labour with double digit deficits. Punters on Betfair make Labour 3/1 outsiders…

The Run on the Pound

Yesterday sterling had the biggest drop it has had since it was forced out of the ERM on White Wednesday in 1992. The pound was down 4% at $1.48 and it fell 2.9% against the euro and tumbled 4.8% versus the yen. It just goes to show how bad Britain’s situation is that this isn’t even front page news on every paper.

UPDATE : This just in from a co-conspirator:

Hello Guido,
I’ve been perusing the great work of fiction that is Gordy’s oops, the Chancellor’s growth forecasts, and on page 1 of Annex A: The Economy we have this bullet-pointed gem:

‘UK GDP growth of 3/4 % for 2008 with the economy contracting in the second half of the year’

Now, when the chancellor stood up at the dispatch box, three quarters of 2008 GDP growth were known:

Q1 0.3%
Q2 0%
Q3 -0.5%

In order to hit the forecast 0.75%, the economy has to grow at feisty 1% in the fourth quarter. Has the Chancellor been outside recently?

Is it any wonder that foreign investors have lost confidence in Britain, Gordon has missed his GDP growth forecasts every year since 2006. The Chancellor makes fantasy forecasts that no one believes, least of all HM Treasury, does he really expect GDP to surge this quarter?

UPDATE II : Some querying via email of how the GDP quarterly statistics are precisely computed by someone who seems to know what they are talking about; “There are lies, damned lies and statistics”.

Earned Equity

Following on from Boris’ idea ofearned citizenship, Iain Duncan Smith is pushing the idea that council tenants who seek work and “keep their families in good order… could earn a share of the equity in their

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+ READ MORE +

Harman Attempting to Nobble Speaker

A weak Speaker is a terrible blight on parliament. In Speaker Martin we have the weakest Speaker in modern times. Harriet Harman is trying to push him around:Dale has the scoop, Harriet Harman is convening a meeting of

[…]

+ READ MORE +

Another Downing Street Aide Quits

Ben Brogan reports that Gordon Brown’s newly appointed “Strategic Communications Adviser” Nick Stace has lasted nine months. That long, eh?

He is off to Australia to get as far away as possible from the Prime Mentalist to take up a

[…]

+ READ MORE +

+++ Pound Crashes Below $1.50 +++

And dropping… think this constitutes, as predicted by Osborne, a run on the pound.

[…]

+ READ MORE +



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Quote of the Day

William Hague on Tony Blair…

“To the political law that you can’t fool all of the people all of the time he added Blair’s law – that you can make a very serious attempt at it.”

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