Osborne’s “Clear Position” on the IMF

This £10 billion bailout for the IMF brings the total Osborne has pledged to £40 billion, or some £666 for each and every man, woman and child in the Britain. In October last year after British taxpayers sent £9 billion to the IMF – £9 billion that Osborne had to borrow, Osborne told the House of Commons categorically:

“Britain will not be putting money into the bail-out fund either directly or through the IMF…. The IMF exists to support countries, it does not exist to support currencies… The IMF contributing money to the eurozone bail-out fund, no; Britain contributing money to the eurozone bail-out fund, no. That is Britain’s clear position.” 

The Chancellor could not be any more clear, he gave his word, it was an unqualified promise. Which Osborne has now broken.

Ed Balls lines up with Obama saying…

“The IMF should not become the de factor central bank of the eurozone. That is the principled position Labour and the US government have taken and why we voted against increased funding last summer.”

Could Ken Get in “Via the Cat-Flap”?

Gilligan and Guido gave the viewers of last night’s Sky News London Debate the benefit of their fair and balanced views…

George Galloway backs Guido’s campaign to end subsidised bars for MPs….

“I think these bars should be closed. No-one else can drink at their work. No-one else is allowed to drink alcohol while they’re working. Why are we? Moreover, at subsidised prices – as was. I don’t know what they are now, but when I was in here before they were ‘Life on Mars’ prices – 1970s prices. What are our values? I don’t drink for example. Downstairs tonight, in the parliament itself, there will be legislators blind drunk.”

Friday Caption Contest (Train Nutter Edition)

Chelsea Away

The combined net worth of the members of  the Kensington and Chelsea Conservative Association is probably more than the rest of the Conservative Party, if not the entire country. This is taken from an email sent out to members to drum up support for the London local elections:

Telephone Canvassing
Our Assembly member, Victoria Borwick, has been asked to raise our voter pledge with a drive for telephone canvassing. If you are unable to help the ground campaign over the next week or so as you are away at your country house or on your yacht, then please sign up now for a telephone canvassing account…

Don’t forget to take off your pearl earrings before putting the phone to your ear – it makes an irritating tinkling sound on the line…

Dave is a Stand Up Guy

Dave was in Scotland yesterday and gave a speech on school discipline in which praising “Children who stand up when their parents or teacher walks in the room.” This provoked Will Straw to claim Cameron was “out of touch”. Guido went to a state school where you were expected to stand up when a teacher walked in, most parents and pupils want schools where there is discipline and this requires teachers to be respected. It is a small mark of respect to stand when teacher enters the room. Is it really authoritarian as twittering lefties are claiming?

Mirror 4 Miliband

Today’s Mirror carries an extraordinary double page spread bigging up Miliband as a “political giant”. Hardly a surprise for Labour’s paper, except it’s David that receives “a rapturous reception and appears to be a man reborn.” The profile of concludes that the shunned brother “still hungers for power”:

“He slapped down the idea that life as a backbencher has been a “liberation”, saying: “No. Being in government is not a prison. It allows you to put into practice what you believe in.” Whatever colleagues at Westminster may think, David Miliband isn’t ready for the political scrapheap.”

Given that the interview took place on the stump, the best line by far was James Lyons assertion that “it’s like watching a champion racehorse reduced to giving seaside rides.” Not even the Mirror would try using the word champion and Ed in the same sentence…



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Quote of the Day

John Curtice on fiscal policy:

“Attitudes to taxation and spending are basically counter-cyclical. If a government comes in and tries to reduce spending and taxation, after a while people will get worried about the state of public services. If a government increases taxation and public spending, after a while they’ll get concerned about increasing taxation…. In as much as there are lots of ideologues out there who think the state should be this proportion of GDP, they’re all wrong. Because the public’s view is counter-cyclical to the recent experience. It’s basically impossible to satisfy the public.”

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