Guido's Advice to Alan Johnson

Alan Johnson has been very self deprecating about his economic knowledge, promising to get a text-book to brush up. He faces George Osborne at the Dispatch box for the first time today.

In truth to be Shadow Chancellor does not require a knowledge of neo-classical endogenous growth theory. He needs to just pick a few issues with which to harry the government. Guido checked Alan Johnson’s website to discover a flavour of his approach to economics. Unfortunately he doesn’t appear to have one. All Guido could find under the “business and economy” heading was a press release about the PBR dating back to December 2009.

Since Alan seems devoid of his own ideas, perhaps he could borrow some ideas from his fellow progressive Barack Obama? Obama is giving individuals a progressive tax break this year of 6.2% of earned income up to $400 for individuals and up to $800 for couples, phased out at an income of $75,000. Obama is also giving parents a $1,000 tax break per child (in France it is €5,000) that would please the squeezed middle-classes.

Barack Obama says that the the one thing you don’t do in a recession is raise personal taxes, taking money out of the economy. Alan Johnson should stand foursquare against Osborne’s VAT hike. The Coalition has no mandate for it, in fact half of them campaigned against it. If the economy double dips next year as a result of consumer spending being crushed, Johnson needs to position himself to be able to pin the blame on Osborne’s VAT hike…




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

Quote of the Day

Alan Sugar on Jeremy Corbyn:

“It’s clear you alluded to students refunds to get votes from young impressionable people. You are a cheat and should resign.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Exclusive: New Government Appointments in Full Exclusive: New Government Appointments in Full
Corbyn Deletes Another Wrong Tweet Corbyn Deletes Another Wrong Tweet
Everything is Awesome for Manufacturing Everything is Awesome for Manufacturing
HMT Predictions Way Off HMT Predictions Way Off
#DespiteBrexit: A Classic of the Genre #DespiteBrexit: A Classic of the Genre
Hat-Trick of Brexit Good News Hat-Trick of Brexit Good News
Guido’s Student Debt Story on Standard Front Page Guido’s Student Debt Story on Standard Front Page
Watch: Shadow Minister Makes Student Debt Promise Watch: Shadow Minister Makes Student Debt Promise
IPSO Throws Out Baroness Scotland Complaints IPSO Throws Out Baroness Scotland Complaints
100% Inheritance Tax: Stupid or Evil? 100% Inheritance Tax: Stupid or Evil?
Paul Mason’s Play in 60 Seconds Paul Mason’s Play in 60 Seconds
Sunday Shows Sunday Shows
City Confident as Hiring Rates Rocket City Confident as Hiring Rates Rocket
Watch: Best Maiden Speech of 2017 Intake Watch: Best Maiden Speech of 2017 Intake
Child Protection Investigation ‘Stalled to Help Labour’ Child Protection Investigation ‘Stalled to Help Labour’
Davis Accepts Donations from Top Blairite and TV Remainer Davis Accepts Donations from Top Blairite and TV Remainer
BBC #NotOnTheList Stars Paid Via Production Companies BBC #NotOnTheList Stars Paid Via Production Companies
Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket” Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket”
Champion: ‘Not Possible’ to Keep Student Debt Promise Champion: ‘Not Possible’ to Keep Student Debt Promise
BBC Rich List Revealed: Salaries In Full BBC Rich List Revealed: Salaries In Full