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“Nothing is too good for the workers” he said testily. Guido, hopefully, was not too fuddled to video our discussion on the subject, and in the best traditions of the Mirror, this will be uploaded. As and when the headache subsides enough…
The 1844 Banking Bill ensured transparency in the operations of the Bank of England. It has been good enough for over 164 years.
Surely it can’t be that they don’t want us to know how fast the Bank of England’s printing presses are going to be running?
The Telegraph’s economics editor has just cottoned on to the dodge:
The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet – a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel’s Government in 1844 which originally granted the Bank the sole right to print UK money.
… Debating the issue in the House of Lords recently, Lord James of Blackheath, a Conservative peer, said: “Remove [this] control and there is nothing to stop an unreported and unmonitored flooding of the money market by the undisciplined use of the printing presses. If we went down that path we would be following a road which starts in Weimar, goes on through Harare and must not end in Westminster and London. That is the great fear that the abolition of that section will bring about – but the Bill abolishes it.”
You read it here first…
Even media pundit Roy Greenslade, no friend of reactionaries, is bemused at the spiritual disembowelling of the Telegraph. Craig Brown, AN Wilson and Iain Dale have all just got the chop in what the paper’s insiders are claiming is all about economics rather than editorial tone. The “business model” is changing one source tells Guido. If you lose the paper’s character and spirit, you will lose readers.
UPDATE :Kevin McGrath is a founder member and equity partner in Foreign & Colonial’s REIT Asset Management, a specialist investment, finance, and asset management company, which currently manages approximately €5 billion of commercial property investments. REIT has offices in London, Germany, Sweden, India and Israel.
In addition tohis directorship with the Trust, Kevin is an Elected Member of Royal Institution of Chartered Surveyors, a former non executive Director of QPR football club, a current non executive Director of two plcís, a Trustee of the GSA Conservatoire, Director of the McGrath Charitable Trust, Trustee and Treasurer of the Lyric Theatre Hammersmith, a Member of Property Investment Forum, and a School Governor of the Ellen Wilkinson School for Girls. Kevin was the Labour Party Parliamentary Candidate for the North East Hampshire constituency at the 2005 General Election.
Source : here.
UPDATE : Comment Central reports 867,693 page views from 725,608 visits, the Speccie reports unique users soaring to 338,053 and 2,147,545 page impressions – the Speccie page count is inflated because you have to click “read more” all the time.
Most of the Conservatives I have spoken to have said that Osborne should leave by the weekend. What do you think?’
Nothing leading in that line of questioning at all.
UPDATE : The manufactured headline as required Tory grassroots: ‘George Osborne should resign’.
Allegations that Rothschild changed his story a third time.
Pressure on Times to publish all versions of the letter….
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Ho, Ho, Ho, I Was Right, Cameron and Clegg Wrong | John Rentoul
May is Gordon Brown in Kitten Heels | Damian McBride
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2000 Year Study Shows European Summer Temp Decline | WUWT
Ed Miliband is the Basil Fawlty of Politics | Jason Cowley
Cameron and Miliband: Villains of the Year | Sun
Guardian Looks Outside North London For New Editor | Media Guido
Oxfam Rapped For Political Bias | Telegraph
Twitter Should Not Ban Racist Words | Alex Wickham
Term-Time Holidays Were State Encouraged | Liberal England
Mandy Rice-Davies (R.I.P.) on Lord Astor’s denial of their affair….
“Well he would, wouldn’t he?”