Smile Gordon : Inflation Up, Borrowing Up, Unemployment Up, Labour Polls Down to Michael Foot Lows

Borrowing figures out today show Gordon has overshot spending by £2 billion so far this year, the figures for last year have also been revised up and were another £2 billion worse at £39.2 billion for the whole of 2005-06, compared with Gordon’s Budget estimate of £37.1 billion. The City is very unimpressed.

Last week Mervyn King, governor of the Bank of England, warned that inflation was seeping back. The unemployment rate is now 5.3%, up over 1/2% on the year. The number of unemployed has increased by 199,000 this year, to reach 1.61 million, vacancies are down and redundancies are up. This all despite paying teenagers to go to school and bloating the public sector by half-a-million employees or so since 1997. Even the cheating revised Golden Rule looks in danger.

With Labour now at polling levels not seen since Michael Foot and him having to pretend to support England in the World Cup, the future looks increasingly bleak for Brown.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jeremy Corbyn on Big Ben Bong Ban

“… if we have to miss Big Ben in reality for a while so that work can be done, well, that’s something we have to go through. It’s not a national disaster or catastrophe.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Wings Over Scotland Arrested Wings Over Scotland Arrested
Watch and Hear: The Last Chime Watch and Hear: The Last Chime
Bonkers Bong Bowing and Reporting Bonkers Bong Bowing and Reporting
Fears For Chapman Fears For Chapman
Why Transition Must Be Short Why Transition Must Be Short
PICTURES: Seumas’ Temper Tantrum PICTURES: Seumas’ Temper Tantrum
Don’t Believe ‘Victory For Hammond’ Spin Don’t Believe ‘Victory For Hammond’ Spin
Friday Caption Contest: Commando Chappers Edition Friday Caption Contest: Commando Chappers Edition
Angry Adonis Wanted ‘Office for Students’ Job Angry Adonis Wanted ‘Office for Students’ Job
Listen: Rees-Mogg vs Chapman Listen: Rees-Mogg vs Chapman
City Envoy Slams “Bewildering” Brussels City Envoy Slams “Bewildering” Brussels
Labour Pledged to Sell-Off Public Land Labour Pledged to Sell-Off Public Land
Corbyn’s ‘Local GPs’ Visit Staged by Labour Spin Doctor Corbyn’s ‘Local GPs’ Visit Staged by Labour Spin Doctor
Joly-Gone: Maugham Deletes Centre Party Plan Joly-Gone: Maugham Deletes Centre Party Plan
Milne: North Korea ‘Rational’ to Have Nukes Milne: North Korea ‘Rational’ to Have Nukes
LibDem Chief Exec Out LibDem Chief Exec Out
Jones Ditches Momentum For Radio Show Jones Ditches Momentum For Radio Show
Chlorine Chicken? EU Mired in Food Safety Scandals Chlorine Chicken? EU Mired in Food Safety Scandals
Juncker’s Junkets: Commissioners’ €500,000 Expenses Juncker’s Junkets: Commissioners’ €500,000 Expenses