Guido's Misery Index : Britain's Got the Blues

Dave wants us to have some kind of gross national happiness index, an idea Sarkozy has also pushed. Not sure if the government really has any control over our overall happiness, it seems to Guido that governments mostly cause unhappiness and can do little to make us smile. The national mood is cheered by things like good weather, Royal Weddings and sporting victories which are beyond the government’s direct control.

Ronald Reagan popularised the idea of a “Misery Index” initiated by the economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960s. It was simply the unemployment rate added to the inflation rate.

Given the budget deficit is the biggest economic challenge the country faces today, Guido’s Misery Index adds on the government’s deficit divided by the GDP taken from the latest figures from the Office for National Statistics.

Retail Prices Index + Unemployment rate + ( Public Sector Net Cash Requirement / GDP ) = Misery Index

Plugging in the latest available figures for September 2010 gives you:

4.6% + 7.7% + (20.7 / 331.4 x 100)  = 18.55

The Misery Index has been steadily increasing since the beginning of the year. Misery rising even after Gordon has gone. Welcome to Tory Britain, it’s certainly blue.

N.B. Stats bods can check Guido’s adding up here.



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

Quote of the Day

Jeremy Corbyn:

“I’m not a defender or supporter of ISIS.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Updates: Who’s Standing? Who’s Standing Down? Updates: Who’s Standing? Who’s Standing Down?
Banks Bottles It Banks Bottles It
Corbynista Unfurls “Farron Hates Gays” Placard Corbynista Unfurls “Farron Hates Gays” Placard
Esther McVey for Tatton Esther McVey for Tatton
Zac Back? Zac Back?
UKIP’s Islamo-Banifesto UKIP’s Islamo-Banifesto
Karen Danczuk Seeks Selection in Bury Karen Danczuk Seeks Selection in Bury
Corbyn and Sturgeon At Same Event Corbyn and Sturgeon At Same Event
Sunday Shows Sunday Shows
Tories Mistakenly Share Private Conference Call PIN with Opposition Tories Mistakenly Share Private Conference Call PIN with Opposition
Len and Seamus’s Champaign Celebration Len and Seamus’s Champaign Celebration
Campaign Report: 48 Days To Go Campaign Report: 48 Days To Go
Campaign Report: 49 Days to Go Campaign Report: 49 Days to Go
Listen: Dawn Butler Car Crash Interview Listen: Dawn Butler Car Crash Interview
Manifesto Lookahead: Six Tory Policies in Peril Manifesto Lookahead: Six Tory Policies in Peril
McVey for Upminster? McVey for Upminster?
Watch: Corbyn Crowd Boos and Shouts Down ITV Question Watch: Corbyn Crowd Boos and Shouts Down ITV Question
Coalition of the Others Still Behind Tories Coalition of the Others Still Behind Tories
NEC Swerves Corbyn Loyalty Pledge NEC Swerves Corbyn Loyalty Pledge
Watch: Barry Gardiner Loses It on Sky News Watch: Barry Gardiner Loses It on Sky News