Reed Refuses to Run Properly for Fear of Losing

Labour’s newly selected by-election candidate for Croydon North is clearly not very confident about his victory chances. Lambeth Council Leader Steve Reed has announced that he will not resign his position unless he wins the nearby seat. The hard-working people of Lambeth will be paying for Reed to campaign for the Labour Party rather than representing them.

Then again, anyone who has ever come across Steve and his work will know that campaigning for Labour rather than representing the people has always been his mantra – not least with his poster campaign against government cuts that was paid for at the expense of other local services. Facile largire de alieno…




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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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