Cameron Optimistic for 2014 Pundits Divided for 2015

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Dave’s New Year message is essentially “The plan is working… Our recovery is real, but it’s also fragile, and there are more difficult decisions ahead” translation: more cuts coming. Electing the two Eds into government would mean their “economic madness would devastate this country.” The dig at French Hollibandism is well judged, “more borrowing, more spending and more debt” leads to “increasing unemployment, industrial stagnation and enterprise in free fall. The opposite of what’s happening here”. Expect a lot more of this before next year’s election…

Mike Smithson of PoliticalBetting.com still reckons the Tories are doomed, he has three-figure bets at evens with Dan Hodges and Harry Phibbs (of ConservativeHome) that the Tories won’t win most seats. He says it is “very hard to see a pathway to a Conservative majority.” UKIP of course stands in their way

Dan Hodges argues that 2013 was a disastrous year for Ed Miliband, whereas at the end of 2012 Labour’s YouGov daily poll average lead was 11.3%, as 2013 ends it has fallen to 6%. Ed Miliband’s personal YouGov approval rating was -21%, it has now fallen to -34%. Only Ted Heath has won an election from opposition with anything like such negative personal ratings.

Even as the Tories and LibDems have overseen a rising economy only UKIP can claim a good year,  yet many pundits seem to have subjectively upgraded Miliband’s chances of getting into 10 Downing Street despite, objectively, the polling numbers worsening for him.  Andrew Cooper, the pollster whom the PM replaced in Downing Street with Lynton Crosby, last night tweeted out facts repeatedly muttered by Blairites:

Someone once correctly said “there are no rules in politics”. That triple election winner was right. Guido makes it too close to call…




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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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