Pensions Plundered, Stocks Slumping, Gordon’s Dead-Hand

Some commentators (who should know better) warn that in these times of economic turbulence we should keep Gordon at the helm. It is a desperate line seized on and spun by his few remaining supporters. Who, they ask, knows the economy better than Gordon Brown? This is repeated so often you would think it a truism. Fraser Nelson pointed out some time ago that all Gordon knows about the economy is how to tax it. Look at how the stock market has performed during his chancellorship. Guido has pointed out before how much better other G7 stock markets have performed in comparison. Gordon’s plundering of our retirement pensions to fund his profligacy has sucked capital out of pensions to pour into his social engineering.

In the ten years prior to May 1997 before Gordon got his hands on the levers of the economy the FTSE rose from less than 2000 to more 4000. After a decade of Gordon’s stewardship of the economy the stock market has gone nowhere. Pensions have had no capital gains, what gains they have made have been taxed. During his time we have had the first run on a bank for a century. As the FTSE teeters at the 5000 level those who are retiring soon have a terrible future ahead, whereas at one time the British private pension system was a model for other countries. UK stocks under performance compared to other countries is partly due to Gordon looting pension funds to pay for current spending.



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

Quote of the Day

Diane Abbott on Amber Rudd:

Who can have confidence in Amber Rudd to make far-reaching changes to the Home Office if she doesn’t seem able to get basic facts right?”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Heidi Bye? No Comment on Labour MP Quit Rumour Heidi Bye? No Comment on Labour MP Quit Rumour
Security Risk Sugar Baby Met Dave in No 10 Security Risk Sugar Baby Met Dave in No 10
London Knife Crime Up 21% London Knife Crime Up 21%
Len Threatens Labour MPs Len Threatens Labour MPs
He Who Must Not Be Named He Who Must Not Be Named
Williamson at Smeeth Hearing in Support of Her Abuser Williamson at Smeeth Hearing in Support of Her Abuser
Bastani Not Going to IPPR Bastani Not Going to IPPR
Labour Parliamentary Candidate: “I’m In The Mood to Beat Up Prince William” Labour Parliamentary Candidate: “I’m In The Mood to Beat Up Prince William”
Mogg: Number 10’s Customs Partnership Is a ‘Cretinous Betrayal of Good Sense’ Mogg: Number 10’s Customs Partnership Is a ‘Cretinous Betrayal of Good Sense’
Why Brexiteers Are Worried Why Brexiteers Are Worried
Two More Labour Candidates Posted About “Illegal Sexuality” and “Jewish Money” Two More Labour Candidates Posted About “Illegal Sexuality” and “Jewish Money”
Labour Spent £2 Million on Private Mailshots Labour Spent £2 Million on Private Mailshots
May Told to Ditch Customs Partnership “Turkey” May Told to Ditch Customs Partnership “Turkey”
Ministers Warn May: We Must Leave Customs Union Ministers Warn May: We Must Leave Customs Union
Adam Spliff Institute Celebrates 420 Adam Spliff Institute Celebrates 420
Nick Timothy Leaves Twitter Nick Timothy Leaves Twitter
Owen’s Descent Continues Owen’s Descent Continues
Producer of Labour’s Race Row Election Broadcast Tweeted About “Jewish Kapos” Producer of Labour’s Race Row Election Broadcast Tweeted About “Jewish Kapos”
UK Tech Investment Surges 115% UK Tech Investment Surges 115%