Wednesday, November 27, 2013

Wonk Allegiances

Interesting to note the political influence and orientation of some of the lefty wonk shops most willing to take money from the taxpayer compared to their counterparts to the soft right. Economist Andrew Whitby has calculated that the supposedly “non-political” IFS is more biased to Labour than almost any right-wing think tank is to the Tories. IPPR, Compass and the Fabian Society are almost off the chart. No surprise there.

Via @EconAndrew and @GoodwinMJ.

Friday, November 15, 2013

Flaws in the Ed Balls “Cost of Living Crisis” Attack Line

Labour’s developing retail offer to the voters centres on the cost of living, in essence they will ask the voters on election day “Are you better off now than you were 5 years ago?” Which is why this week – with good economic news abounding – Labour’s twitterati were ignoring jobs and growth and instead chorusing in North Korean style synchronised tweeting this infographic:

lab-cost-of-living

The infographic shows that real wages have fallen behind inflation. A factually correct statistic.

Guido fails to understand why the government parties are not  aggressively countering the Ed Balls cost-of-living crisis attack line with the truth that the average mortgage is £1,000 cheaper because of lower interest rates. Mortgage affordability is clearly illustrated by the fact that, according to data released yesterday by the Council of Mortgage Lenders, mortgage arrears are dramatically lower now compared to where they were when Ed Balls was last in government:

cml-arears

Throw in the income tax threshold hike (£493), the savings from holding down council taxes (£210) and you have already countered the Balls attack in cash terms – and some – at £1,703. Meaning that in terms of disposable income the “average working person” is better off. So why is this point not being made by Tory and LibDem attack dogs more forcefully?

If in the Autumn Statement the Chancellor rolls back some green taxes, brings back the 10p income tax rate or raises the tax threshold again, in terms of disposable income the voters will be even more better off in 2015 than they were in 2010. To the question “Are you better off now than you were 5 years ago?” the answer has to be “yes”. If it isn’t, the Coalition parties will deserve to lose in 2015.

Friday, November 8, 2013

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…

Friday, October 25, 2013

Q3 GDP +0.8%

osborne7

Everything you need to know:

  • Change in gross domestic product (GDP) is the main indicator of economic growth. GDP increased by 0.8% in Q3 2013 compared with Q2 2013.
  • Output increased in all four main industrial groupings within the economy in Q3 2013 compared with Q2 2013.
  • Output increased by 1.4% in agriculture, 0.5% in production, 2.5% in construction, and 0.7% in services.
  • Output from services is now slightly above its previous peak in Q1 2008, prior to the economic downturn.
  • In Q3 2013 GDP was estimated to be 2.5% below the peak in Q1 2008. From peak to trough in 2009, the economy shrank by 7.2%.
  • GDP was 1.5% higher in Q3 2013 compared with the same quarter a year ago.

Fixing the roof while the sun is shining for hard-working people in the global race, etc, etc…

Tuesday, September 10, 2013

Public Are Still Welfare Sceptics

The Beeb have jumped on this year’s British Social Attitudes report as apparent proof that pro-welfare policies are now back in fashion. Take a closer look however and the truth is just 34% say benefit spending should be increased:

The suspicion that large numbers of people claim benefits falsely remains strong at 81%, up from 67% in 1987:

Ed can bang on about zero hour contracts all he likes, this is what resonates with the electorate…

Monday, September 2, 2013

Why Mansion Tax is Electoral Suicide

Knight Frank has crunched the numbers and calculated that to raise the target £2 billion, the mansion tax would have to start at £1.25 million, hitting 775,000 households. This would of course be levied overwhelmingly on London and the South East, 86.4% of the properties affected would fall in these areas. Calling it a “mansion” tax is grossly disingenuous too:  just 36% of these “mansions” are detached. 31% are terraced, 22% are flats and 11% semi-detached. Is a terraced house in Merton or Wandsworth, like the one above, really a mansion? 

The table below shows the top ten local authorities with the highest number of homes that would be affected by the mansion tax:

Click to enlarge.

If he has any sense Tory chairman Grant Shapps is right now crafting a mailshot to every single one of those 775,000 homeowners…

Saturday, August 17, 2013

Saturday Seven Up

This week 108,444 visitors visited 312,727 times viewing 494,906 pages. The top stories in order of popularity were:

You’re either in front of Guido, or behind…

Saturday, August 10, 2013

Saturday Seven Up

This week 102,458 visitors visited 311,435 times viewing 500,336 pages. The top stories in order of popularity were:

  • Weiner Sexting Girl Shoots Celeb Porno
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  • Peers Confused By Twitter, Call Each Other Usernames in Lords
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  • Godfrey Lands Himself a Brace of Bongos
  • An Honest Labour Politician
  • Labour’s Zero Comment on the Co-Op
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    Saturday, August 3, 2013

    Saturday Seven-Up

    This week a mere 97,212 visitors visited 295,677 times viewing 498,781 pages. The top stories in order of popularity were:

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