Brown Blows Balls Line

Brown popped up to represent his constituents in Kirkcaldy on the American news channel CNBC earlier. Guido is sure Ed Balls was as happy as he was to see him. Given Osborne has spent the last six years systematically trashing Gordon Brown’s reputation, it must hurt when he is compared to the old Prime Mentalist. However there are those that suggest the two have more in common than just recent appearances, particularly in regard to the politicisation of the Treasury. It’s not every day that you get such a clear comparison though. Who was it that said:

“Then we had a terrible month of weather which hindered transport and communications in business in the country.Obviously it has been a difficult few months. But that just shows just how fragile the recovery is.”

Yep, Gordon Brown in April 2010 blaming the less than encouraging rise in growth on the snow rather than his own taxation policy. Surely Osborne wouldn’t follow suit…




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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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