Vince Doesn't Do Forecasts

Guido was at the PoliticsHome budget preview last night (opinion report here) where Vince Cable was the star turn.  This report is written through the haze of a hang-over, so as best Guido can recall he didn’t really say much new except that he didn’t expect to be Chancellor in a Lib-Lab coalition government.  Guido asked Vince to give an estimate of where he saw interest rates, inflation and unemployment levels in two years time. He said he didn’t do predictions and then predicted 3 million unemployed, he thought inflation and interest rates would go higher but stay in single digits.  So fix your mortgage rate now.

Ian Gibson MP was the only person more drunk than Guido and he gave a trenchant analysis of the Labour Party’s political position;  “We’re F****d so we might as well just let rip on public spending.” He also told Guido “what comes around, goes around”. Wonder what he meant?




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