Wednesday, March 20, 2013

FLASHBACK: The Ghost of Osborne Past

As the Chancellor joined the digital age he was left with @George_Osborne; it seems the naughty holders of the preferable @GeorgeOsborne handle have woken up and are sharing what might have been:

Not sure how things are looking “simpler” or “flatter” today… 

CHART: Spending v Receipts in Full

Public sector net borrowing is up from £86 billion in 2012-13 to £108 billion in 2013-14. It will fall to £42 billion by 2017-18, but the borrowing forecast for the entire parliament has risen by at least £140 billion. Herein lies the problem…

Treasury Leak Entire Budget to Standard Before Osborne Up

Their embargoed look at the budget has leaked before the Chancellor even stands up:

  • Planned fuel duty hike scrapped
  • 1p off a pint but cider up 2p, wine up 10p and spirits up 38p.
  • Borrowing up to £61bn
  • Income tax allowance will rise to £10,000 by April 2014
  • Corporation tax cut to 20% by 2015
  • Growth will apparently reach 1.8% next year, 2.3% by 2015. No Triple Dip.
  • £2,000 cut to employer NI contributions.

Terrible economic news but cheaper beer.

UPDATE:

UPDATE II:  Editor Sarah Sands has released this statement:

“An investigation is immediately underway into how this front page was made public and the individual who Tweeted the page has been suspended while this takes place. We have immediately reviewed our procedures. We are devastated that an embargo was breached and offer our heartfelt apologies.”

It’s Budget Day

Quite a day for Osborne to join Digital Dave:

Five minutes in and he’s already on the receiving end.

They’re calling it the Twitter budget…

UPDATE: Right on cue, unemployment is up by 7,000 this morning. Youth unemployment is up 48,000, though employment is also up by 131,000 and the number of JSA claimants is slightly down. Happy budget day…

Tuesday, March 19, 2013

Osborne Caves to National Union of Ministers

A big win for the National Union of Ministers: Osborne is demanding £2.5 billion of extra cuts but is protecting May, Hammond and Pickles. The rest of the unprotected Cabinet will have to deal with a 1% cut in resource budgets. The money will be spent on capital spending. Criticise George in public and your department gets ringfenced, everyone else must suffer in silence…

UPDATE: A Whitehall wonk gets in touch to insist Hammond is merely being allowed to roll-over his budget underspend for this year, and while May and Pickles’s grants is protected they will still have to find 1% savings from the rest of their budgets. Their entire budgets will be unprotected in 2014-15.

Monday, March 4, 2013

Treasury Kick Back at Greenpeace G.O. O.G.

gTeam Osborne are kicking back at this morning’s Greenpeace fracking stunt. Occupying his constituency office seems to have backfired somewhat; a Treasury source tells Guido: “we are happy for Greenpeace to draw attention to the fact that George is fighting for cheaper energy bills for all”. Something of an own goal…

Frack & G.O. in Tatton

frack-and-go

Across the street from George Osborne’s constituency office is a village green on a roundabout where teams of Greenpeace activists have constructed a huge mock-up fracking operation – presumably to show the Chancellor how safe the process can be. The drivers of the 4x4s passing the stunt will be reminded just how much shale energy will save in fuel costs. Tatton is set to become the Dallas of England sitting as it does atop reserves which will provide cheap energy for the UK’s future as we dash for gas…

Thursday, February 28, 2013

WATCH: George Osborne Skipping

Give yourself a pat on the back…

 Via Standard

Tuesday, February 26, 2013

Campaign Piles Booze Pressure on Osborne

With his precious AAA credit rating lost, three weeks until the budget Osborne could probably do with a drink. This morning the Taxpayers’ Alliance have launched a new campaign to freeze beer duty. Pubs up and down the country will play host to hundreds of thousands of beer mats telling punters just how much of what they pay for their pint goes to the taxman. Something Guido imagines the Chancellor will hardly appreciate. You can add your opposition to Osborne’s beer tax here

Monday, February 25, 2013

Quote of the Day

Ayn Rand deserves some credit today…

“A is A.”


Seen Elsewhere

Labour’s Plan to Attack Part-Time Boris | Standard
Ex-Sun Hack Cleared After 582 Days on Bail | MediaGuido
11 Times Boris Denied He Would Stand for Parliament | Buzzfeed
Attacking UKIP’s Posters is Counter-Productive | Guardian
Sarkozy Tried it on With Hollande’s Ex | Times
Another Spare Room Subsidy Cut Success | Harry Phibbs
Rich Now Have Less Leisure Than Poor | Economist
UKIP’s Immigration Policy Promotes Migrant Entrepreneurs | Breitbart
Another Feminist Lecture | Laura Perrins
UKIP Posters Bad Economics But Good Politics | James Delingpole
Tories Losing to UKIP in Scotland | ConHome


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A confused Nick Griffin says Nigel Farage is a shill for the City, forgetting that City banks want to stay in the EU:

“Farage is a snake oil salesman, but a very good one. His supposed anti-immigration stance is all smoke and mirrors, as is his carefully cultivated image as a ‘man of the people’. The truth is that UKIP is a pro-immigration party that exists to lobby for the interests of the City of London.”



Alexrod says:

It’s money innit.


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