Labour Site Becomes Tweet Spin Room

Labour’s trusted twitterers are on the front page of the party’s website, further confirming the belief in Labour circles that twitter is some kind of alternative to democracy.  They have made sure that it won’t be easily hacked.  Not sure what the value is – presumably they are hoping that hacks will consult the page to see what the Labour faithful think of the debate.  A virtual twitter spin room… hmmm…  come back to Guido’s later this evening for a rival virtual twitter spin room…

Spin is cheap, punters put their money where their mouth is, currently the punters on Political Smarkets rate the chances of victory for the leaders in the debates thus:

16:45 David Cameron 55%  Nick Clegg 48% Gordon Brown 29%

18:30 David Cameron 65%  Nick Clegg 48% Gordon Brown 20%

Gordon’s price has improved from this morning where punters where giving him only a 10% chance of winning* tonight’s debate, Clegg was favourite though in late betting Cameron has pulled ahead.   All to play for…

*Winning defined by ICM’s post debate polling results.




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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