Red Ed Attacks Hit the Spot

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Osborne used his conference speech to go on the attack against Miliband. Comparing him to Karl Marx was always going to be a crowd-pleaser:

“I share none of the pessimism I saw from the Leader of the Opposition last week.

For him the global free market equates to a race to the bottom with the gains being shared among a smaller and smaller group of people.

That is essentially the argument Karl Marx made in Das Kapital.

It is what socialists have always believed. But the irony is this: It is socialism that always brings it about.”

Before delivering a line that was actually quite funny:

“If you want to know the consequences of an Ed Miliband premiership, just look at the plan of the man who knows him best.

His brother. David Miliband. One: leave Parliament. Two: leave politics. Three: leave the country. Four: dedicate your life to International Rescue.

David and Ed Miliband. The greatest sibling rivalry since the Bible. Cain and not very Abel.”

Probably best to forget his “you’re hired” thank you to the Apprentice’s Karen Brady. Fire the speechwriter for that one…




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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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