Treasury Info-Graphic: How the Money Will Be Spent

Plus welfare, obviously…

This is What Austerity Looks Like

The Chancellor has revealed how much the UK will spend in 2015/16: £745 billion. For the first time we have an accurate picture of the widespread devastation that Osborne’s austerity agenda has wrought:

At the next election, the Coalition will be spending £76 billion more than Labour were five years ago.

Bookies Pay Out to Two-Faced Tristram

Tristram Julian William Hunt, son of Lord Hunt of Chesterton, is always one to speak up for the working man. The Labour frontbencher cares so deeply about the plight of the downtrodden that he has even put principle before party and slammed his own Labour colleagues’ record in government on gambling:

“It is a scandal that after 12 years of a Labour government there are more betting shops, lap-dancing clubs, gambling arcades and casinos than when they came to power… the Gambling Act 2005 began a wholesale deregulation of the high street by allowing a free for all in betting shops. A Labour government felt it had no philosophical right to arbitrate on the morality of mass gambling and its wretched social consequences.”

What a surprise then that Tristram has just trousered a £5,000 donation from Peter Coates, mutli-millionaire founder and chairman of online bookies Bet365. Another Labour politician going each way. Five grand: the price to change this shadow minister’s mind…

First Picture of Liam Byrne’s Infamous “No Money” Note

Turns out it was “I’m afraid there is no money”, not “I’m afraid there is no money left”.

If we’re being pedantic…

Via ITV

More Bad News For Co-Op

One awkward detail for Ed Balls in the Prudential Regulatory Authority’s first report assessing British banks out yesterday. The Co-Op bank told them they currently hold £1.7 billion of core capital, though adjusted by the PRA to reflect expected future losses that figure falls to a worrying £200 million. In ratio terms the PRA advise banks to hold 7%, crucially today’s figures show the Co-Op holds a dangerously low 0.94%.

They need that £3.6 million Labour owe them more than ever. And what about Balls’ £50,000-a-year?

Dial M For Mercer

Despite their self-confessed devoted readership of the blog, it turns out Patrick Mercer’s “office” aren’t fans. Guido’s brief chat with a familiarly bad-tempered voice answering Mercer’s phone this lunchtime didn’t go too well. Guido politely asked if Patrick would be repaying the money he has declared from Alistair Andrews Communications, to which came the curt reply:

“You’re certainly not going to get an answer from me. I think it’s best if we end this conversation now. Goodbye.”

Goodbye indeed…

Mercer Declares £2,000 Payment From Fake Sting Company

Alistair Andrews Communications was the fictitious company created by the Telegraph and Panorama to string disgraced Tory MP Patrick Mercer. Its non-existent offices in Sydney and London and less-than-convincing website somehow duped Mercer, whose suspicions failed to be raised.

Deliciously, Mercer has just declared a £2,000 payment from Alistair Andrews Communications in his Register of Members Interests. Apparently he did two days’ “consultancy” work for them back in May. The fake name, fake Old Queen Street address and fake job all on official record. £2,000: the price to sting a corrupt MP…

Now Hackney Blow Cash on Poster Propaganda

Speaking of outrageous government waste, Labour council propaganda posters are high up on the list of rotten boroughs splashing taxpayer cash. Take this example currently doing the rounds in Hackney, scaremongering about welfare cuts:

Let it not be forgotten that the money Hackney council is wasting on these posters could be being spent on front line services. Lambeth would be proud…

Bookie Basher Stephen Timms Goes Each Way

Labour’s Stephen Timms was all a flutter last week, getting on his high horse in the Mail to attack betting shops and accusing them of “destroying people’s lives.”  As Guido noted in yesterday’s Sun column, when he was a Treasury […]

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£120 Billion of Government Waste: The Worst Offenders

The TPA’s new Bumper Book of Government Waste outlines £120 billion of savings, £4,500 for each household in Britain. Which by no coincidence is almost exactly the same as the current budget deficit. These are some of the worst offenders.[…]

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IPSA Blows £750,000 on Lawyers and Spin

As Guido revealed in his column in yesterday’s Sun, IPSA has spent a staggering three quarters of a million pounds of taxpayers’ money on lawyers and spinners this parliament. Figures seen by Guido show that IPSA has shelled out […]

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Friends Reunited
Labour SpAd Reunion Tonight

If you are up Islington way this evening why not pop into Charlie Falconer’s £3 million home, where he is hosting a Labour “former Special Advisor’s reunion”.  Labour sources say that a mooted plan from party General Secretary Iain […]

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Jean-Claude Juncker:

“We will never let the Greek people down. And we know the Greek people don’t want to let down the European Union.”

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