Misery Index: Least Miserable We’ve Been Since Election

Chipper Mark Carney’s good news day seems a good time to check in on our Misery Index. Unemployment is down, inflation is down and growth is up, so across the land there are warm smiles and happy faces everywhere. Maybe. The seasonal drop in public sector borrowing has had a big impact too. We are the least miserable we’ve been since 2010.

N.B. stats bods can check Guido’s adding up here.

UPDATE:

misery-breakdown

Co-conspirator Tom Cook says breaking it down into components “still shows the overall picture clearly but shows which factors lead to changes – especially helpful given some of the wild swings in the total.  This presentation shows that most of the volatility is from public sector borrowing, while the longer term trend is from falling inflation and unemployment.”

GRAPH: Majority Support Removal of Spare Room Subsidy

More evidence to show that Labour are consistently losing the debate on welfare. Even on the spare room subsidy – Labour’s “hated bedroom tax” – the public support the government. 54% say it is fair that people living in social housing who have more bedrooms than they need should receive less housing benefit. Just 27% disagree. The bedroom ‘tax’ is Labour’s favourite means of painting the Tories as callous and out of touch, the only problem is the public supports the policy…

“The Personal is Political”
Gender Inequality at the Patriarchal CLASS Think Tank

class-gender-inequality

The union funded Class think-tank Owen Jones helped found is, despite being very left-wing, not very right-on it seems when it comes to ‘fair’ representation of woman. Their insanely large ‘advisory panel‘ has 48 members, only a third of whom are women. Inexplicable for an organisation devoted to furthering equal rights…

All three of their ‘officers’ are men and only 2 out of 11 of their management committee are women. Of course, their two junior staff are both women – typical the men have all the power and the women do all the work. Disgraceful. Surely Owen Jones, Unite’s Len McCluskey and the Guardian’s Seumas Milne will resign in protest from this blatantly unfair patriarchal organisation…

Big Government: Clegg’s Key Message

government

The key message of Nick Clegg’s speech is not very subtle.

Where Does “Most of the Money” for Labour Come From?

Yesterday the Labour press team were very insistent that Guido got his a story wrong when he claimed that Rachel Reeves was being less than honest when she said: “most of the money that the Labour Party receives comes from small donations and members”. When Guido pointed them to the last quarter’s donation figures, they split hairs:

They have subsequently refused to give any breakdown of the percentage of their income that comes from  donations and membership contributions, so Guido has crunched the numbers from their 2012 accounts. Last year Labour’s income was £33,024,000. That includes £8.8 million from the Trade Unions and £7.2 million from the taxpayer through opposition Short Money. When you add to that company donations above £7,000, plus the income from LLPs, trusts and Friendly Societies you get £17,023,243.79. This leaves, at most, £16,000,756.21 to come from individual donations, CLP contributions and membership fees – 48% of Labour’s income. This is likely a generous figure as it includes smaller donations from companies below the threshold for Electoral Commission registration.

As a self-proclaimed economist, Reeves will know 48% does not equal “most of the money that the Labour Party receives.”

UPDATE: Labour General Secretary has admitted “28% of party income is from membership subscriptions and small donations, 30% from commercial and fund-raising activities, 18% from grants and 23% from affiliated unions” according to Minutes of an NEC meeting.

Crisis? What Media Crisis

While there is no doubt the papers are in trouble, this chart from Business Insider smashes the narrative that all the media suffering. As print declines, the number of journalists increases:

We are all bloggers now.

Lazy Male MPs Want Longer Lie-Ins

Lazy male MPs are demanding longer lie-ins before they start work in the morning. Leaked internal polling commissioned by the House of Commons Procedure Committee, in charge of sitting hours, reveals that 56% of male MPs say early starts are having a “negative impact” on the House’s effectiveness. 58% of men oppose rules stopping them from bunking off Tuesday mornings, while many are unhappy at having to be in for 9:30am on Thursdays. 116 MPs polled had the cheek to argue early starts have a negative impact on their personal effectiveness. It turns out the girls are far harder-working, 54% of women MPs are happy with the current family-friendly arrangement. Since Parliament isn’t sitting again until September 2nd they can snooze all day for the rest of the summer…

In response to the poll of MPs who want longer lie-ins, Guido thought we should poll voters to find out what they think:

Three Graphs That Skewer Europhile Myths

At the beginning of the last decade over 60% of Britain’s goods exports was to EU countries. Over the last twelve years that percentage has fallen to 50%, as our goods exports to the rest of the world has increased from under 40% to 50%.

What’s more, Britain’s trade deficit with the EU is far greater than its deficit with the rest of the world. The idea they wouldn’t trade with us if we leave is farcical.

Thirdly, Europe is becoming less important in world trade. In 1990 the EU was 27 per cent of world output. By 2016 it will be just 18 per cent of world output, a pretty significant fall.

Food for thought come Friday.

Via notourbiggestmarket.org

UKIP Voters Back Boris

The public don’t yet trust Boris to be PM, so says some pretty comprehensive polling released by Lord Ashcroft this morning. Only just over a third said he was capable of the running the country, while Tory voters overwhelmingly backed […]

+ READ MORE +

Graph of Everything That’s Wrong with BBC Question Time

bbcqtby[1]

Appearances on BBC Question Time since the General Election.

Via Martin Robbins[…]

+ READ MORE +

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 […]

+ READ MORE +

Osborne Borrowed More Last Year

Turns out government borrowing actually rose last year. Revised ONS figures show public sector borrowing for 2012-13 was £118.8 billion, up from £118.5 billion the year before. This week’s Speccie cover article gets to the point:

“When the Chancellor

[…]

+ READ MORE +



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