Monday, March 3, 2014

Mrs Osborne on George’s Diet

Both Osborne and Balls are on the celebrity 5:2 diet, though Guido hears not everyone was entirely happy with the chunky Chancellor’s austerity effort to cut his waist size. After a female aide changed Osborne’s hair and now his slimming regime, his wife Frances was overheard exclaiming: “If anyone is going to put my husband on a diet, it’s me.”

Friday, February 21, 2014

Cutting Remarks From the Chancellor

Coif connoisseurs rejoice: the Standard has the scoop. Osborne has given them an exclusive interview revealing all about his ‘Footballers that look like lesbians’ haircut:

“The Chancellor comes across as someone who has survived a miserable low (who could forget his dismay at being booed at the 2012 Olympics?) and emerged psychologically stronger or, perhaps, less afraid to fail. Perhaps that explains his Caesar haircut. “There are more important things, dare I say it, for the country to be talking about,” he cried, looking pained.

But whose idea was it and where was it done? Osborne struggles: “It was just a … I means it’s … it’s been made out to be some great big change, a bigger change than it was.” Does his wife Frances like it? “Oh, she likes it,” he said, the shutters slamming down.”

Who doesn’t…

Friday, January 17, 2014

Top Wonks Slam Osborne’s Minimum Wage Rise

Osborne ruining Ed’s big day by calling for a rise in the minimum wage is politically cunning, though it remains a fundamentally unsound economic idea. Here is a round up of how some of the more sensible think tanks responded to the idea of an increase to £7-an-hour:

Adam Smith Institute “A minimum wage increase will hurt the poor, particularly young people and vulnerable groups like migrant workers. Most of the empirical economic evidence has found that increases in the minimum wage cause increases in unemployment. Even if the immediate impact is not large, this increase will lead to a long-run decline in job creation and standards for Britain’s poorest workers. It will hurt the very people it is supposed to help.”

Institute of Economic Affairs“This move would not only jeopardise the jobs of some of the most vulnerable workers in the country, it will make it even harder for the young and out of work to get a foot on the employment ladder. If an employer cannot afford to hire someone because the minimum wage is too high, then someone who otherwise could have found work remains unemployed. The minimum wage is a blunt instrument. Increasing it will damage both business growth and society’s most vulnerable.”

Centre for Policy Studies - “Those who suffer most from a rise are the unskilled and young, who have low productivity and get priced out of the market – denying them the chance to accumulate “on the job” human capital. Higher minimum wages make it less profitable for firms to take on untested employees. This may be one reason why youth unemployment and unpaid internships became more common, even in a healthy pre-crisis jobs market.”

Still, you’d need a heart of stone not to enjoy Labour’s squirming this morning…

Wednesday, January 15, 2014

Osborne Europe Speech Wordle

Click to enlarge.

“We can’t go on like this…”

Tuesday, January 7, 2014

Benefits Bad Blood Blows Up, Again

Osborne’s hypothetical £12 billion in future welfare cuts has had the desired effect in roughing up Balls and irritating Clegg, but it’s also re-opened old cabinet wounds. Sources closes to IDS have been very chatty, telling the Guardian that he is “alarmed” and the Times that: “You can’t keep hacking at the same people.” The speed at which this row has hit the front page two national papers would suggest to Guido that DWP were not completely in the loop in regard to yesterday’s announcement. They’ll be pleased though with news that the minimum wage is set to go up in yet another stunt designed to unsettle the opposition. 

Monday, January 6, 2014

Osborne Promises Another £12 Billion Benefits Salami Slice

Talking the talk, Osborne has claimed “government is going to have to be permanently smaller and so is our welfare system”. Finally, if he is to be believed, the Tories will be “permanently cutting people’s taxes by permanently cutting spending”. He’s making the right noise at least, but when?

The Chancellor has pledged a further £12 billion of cuts to benefits from 2015 to 2017, yet the overall bill is £174.3 billion. Barely a dent. From the gloomy tones of the speech it’s not looking likely that tax cuts will come this side of an election either. This looks like playing politics rather than any genuine commitment to walking the walk.

Friday, January 3, 2014

IMF Contemplating Mass Expropriation in €-Zone

IMF-exproriation

Christine Lagarde the French chief of the IMF narrowly escaped being charged recently. Her candidacy’s main cheerleader for the IMF was George Osborne, Guido had his doubts at the time. The IMF is searching for a solution for debt laden European states to stop the €uro collapsing. Stop spending more than you tax is considered naive – how will the ruling elites get re-elected if they stop bribing the electorate with their own children’s money? Option 6 in the IMF’s discussion paper on the subject is brutally straight-forward. The final act of financial repression is to steal from everyone who has savings with a 10% wealth tax.

You have been warned now – just like Cypriot political insiders were – don’t keep any capital in €urozone banks. The IMF argues that the element of surprise is essential for the success of a capital levy…

Friday, December 13, 2013

Osborne’s Christmas Card

By Telegraph cartoonist Matt.

Thursday, December 12, 2013

GALLERY GUIDO: Osborne, the Laffer Curve and the Left

There’s a Computable General Equilibrium Model at the Treasury. If it were made of string and resin it wouldn’t be any less reliable, but its predictions about the cut in corporation tax are likable, so let’s quote them.

The Treasury select committee told us the computer is forecasting corporation tax going from 28 pence to 20 pence will increase GDP between 0.6 and 0.8 per cent, and will increase business investment from 2.5 per cent of some damn thing or other to 4.5 per cent.

It’s “a quiet revolution” George Osborne says, of this example of the Laffer Curve in action.

This curve is still mocked by the left. But it has an interesting pedigree.

(more…)

Thursday, December 5, 2013

SKETCH: The End of an Error. New Balls, Please.

Don’t let’s forget the way Ed Miliband was looking up at his bellowing shadow chancellor.

The look started out supportive and attentive, then went objective and cool, and then passed into dreaminess. Procedural analysts agree he was choosing the exact spot, between which two hairs, the ice pick would sink most easily into.

Balls is a phenomenon. Everything he has predicted has turned out to be wrong. He is like the 364 economists who wrote to the Times in 1981 warning that austerity would cripple the economy. They were wrong. He followed their lead. And now he’s wrong.

He stood up into the famous wall of noise that 200 Tories can produce, and he roared that the chancellor was “in denial”.

That was the beginning. But in another sense it was also the end.
(more…)


Seen Elsewhere

Guido’s Column | Sun
NUT’s Loony Defence of Status Quo | Jago Pearson
A Dozen Reasons to Be Cheerful | John McTernan
Political Bloggers Are Equal Opportunities Attackers | ConHome
Michael Gove Should Resign | Conservative Women
Sarah Wollaston’s Naming and Shaming of Bloggers | LibDemVoice
Fraser Nelson: Put Your Money on Ed Miliband to Win | Guardian
Guido Fawkes is Too Aggressive | The Times
Ditch Tobacco Plain Packaging | Grassroots Conservatives
What Farage, Boris and Rob Ford Have in Common | William Walter
Labour Spell New Adviser’s Name Wrong | ITV


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Rod Liddle on the loony UN sexism special rapporteur:

“There is more sexism in Britain than in any other country in the world, according to a mad woman who has been sent here by the United Nations.

Rashida Manjoo is a part-time professor of law at Cape Town University in the totally non-sexist country of South Africa (otherwise known as Rape Capital Of The World).

Mrs Magoo has been wandering around with her notebook and is appalled by the sexist “boys’ club” culture here, apparently.

I don’t doubt we still have sexism in the UK. But is it worse than in, say, Saudi Arabia, d’you think, honey-lamb? Or about 175 other countries? Get a grip, you doolally old bat.”



orkneylad says:

What’s he been doing FFS, mining bitcoins?


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