Candid Polly's Contradictions

Polly has written an article on ‘candour’ today

Osborne’s plans will be set out “in due course”, he says, but watch out: “Some savings will only become apparent when we have the chance to look at the books in government.” So we won’t know until after an election – and that’s not honest. There is nothing hidden in government books. It’s all in the Treasury’s red book.

Got that?  When the Shadow Chancellor says he needs to have a look at the books once he is in government, he isn’t being honest because he need only look in the government’s openly published Treasury red book.  Polly has caught Osborne out!

A few paragraphs down she writes

The red book’s own predications are usually wrong.

Errrm…

N.B. Want to see Richard Littlejohn’s classic bitch-slap of Polly again? The video is here.

Over Three Million Hits for the Blog You Love and They Hate

April saw a total of over 3.6m pageviews from 1,382,879 visits by 347,994 visitors making 2,995,765 pageviews plus 680,207 views via RSS feed readers.  Not bad for one guy with a laptop, Blackberry and a penchant for Guinness. With traffic averaging over 100,000 pageviews daily this blog puts traditional political publications like the New Statesman in the shade, forcing the likes of the Indy’s Steve Richards (no fan of Guido: “neither daring or clever”, the feeling is mutual*) to admit that  nevertheless yours truly

is in my view one of the most influential figures in the British media. One day this week I heard five items on the Today programme that followed up his stories or his observations. Politicians have not learnt how to cope with an individual who has as much impact as entire newspapers.

How that growing realisation must really burn Polly, Aaronovitch, Yasmin, Jenkins, Sir Michael and the rest of the commentariat’s mediasaurs.  Like acid.

Examine the front page media agenda last month: Smeargate, Snouts in the Trough, MPs’ expenses and of course the developing “Gordon is bonkers” meme, all topped off nicely with a round of mea culpas on the inside comment pages from the shamed copy takers in the Lobby.  Not forgetting the Damian McBride coup de grâce and resignation tributeWhose acid house tunes were the media elite humming?

Many thanks to you the readers and the advertisers who make this blog more profitable than both the Guardian and Independent combined.

*See also Steve Richards: Fails Numeracy Test and Steve Richards : “Voters Aren’t As Clever As Me”.

Grand National Tip

Guido got a call yesterday from the Spectator

Speccie : Who are you tipping for the Grand National?

Guido : No idea, when is it?

Speccie : An Irishman who knows nothing about horses?

Guido : I know one thing, don’t take any tips from Peter Oborne.

On the basis of Peter’s tips Guido would consider laying (betting against) Brooklyn Brownie and Golden Flight on Betfair.  Oborne has finally got the full measure of Gordon Brown.  His demolition of Gordon’s G20 boasts is fantastic; Hubris, hoopla and claims that were false, cynical and very, very dangerous.

Hard to believe that Oborne was once Brown’s last commentariat fan.

Potty Mouthed Populism is an Antidote to Political Spin

Just noticed (via the ASI Blog) that David Aaronovitch fears the populist influence of “potty-mouthed right-wing bloggers on some political journalism”.   His Times colleague Daniel Finkelstein credits Guido with helping to focus mainstream media attention on the sleaze and petty corruption of politicians.  The raison d’etre of this blog is to foster an anti-political atmosphere by encouraging popular scepticism about politicians and their client media.  This is because Guido wants to de-politicise more areas of human action, increasing the non-political space in our society and culture, for which a necessary pre-condition is the discrediting of politicians by exposing their venal, self-interested behaviour.  Aaronovitch is right to fear.

He is wrong on one thing, and Polly Toynbee makes this mistake as well, Guido is not the “potty mouthed” author of profanity on the blog.  The readers comments however are a different story, there the anger is allowed to let rip.  If it tells our political masters anything, it tells them they are hated.  It may not be polished prose, but it is genuine anger.  They read it, they know it is real and it stings them.  David Miliband, Peter Hain and Ed Balls will, if you ask them, tell you how much they despise this blog.  Yet they still read it, just as Caesar listened to the baying mob at the circus.  You can’t spin the booing of a crowd.  Politicians should consider the blog’s potty mouthed comments a free and unfiltered focus group.

Guardianista Accuses Boss of Too Much Testosterone

Sorry to bore on about Guardianista hypocrisy, but it just keeps coming. Jackie Ashley (Mrs Marr) writes this morning under the headline To Chop City Bonuses, Start by Cutting the Testosterone. Leaving aside the casual sexist stereotyping, is it really true? After all her boss the Guardian Media Group chief executive, Carolyn McCall, was paid a package of £827,000, comprising a salary of £424,000, plus a bonus of £385,000 and benefits in kind of £18,000.

Does she have too much testosterone?

Guardian’s Tax Hypocrisy is Ridiculous

The multi-millionaire columnist Polly Toynbee is this morning ranting against tax dodging corporations in the Guardian. The paper has even set up a campaigning website with fancy interactive graphics. According to the their own annual report Guardian Media Group made £306.4 million before tax. Using astute tax planning and legal manipulation of the tax laws; such as the use of an equity owning trust and a Caymans Islands offshore corporation to avoid stamp duty, they managed to only pay get a rebate of £800,000 in tax last year. That is less than they paid the Guardian Media Group’s chief executive, Carolyn McCall, she got a package of £827,000 whereas so the media fat cats got paid by HM Revenue Commissioners a mere £800,000 in corporation tax. Unbelievable isn’t it?

Here it is in black and white:

 

GMG P + L

The hypocrisy of the Guardianistas is just beyond satire, they are starting a campaign to get corporations to pay more tax, just like they campaign to undermine private education yet themselves went to private schools, they rail against City bonuses yet pay the editor and CEO hundreds of thousands in bonuses. Media fat cats attacking City fat cats is just laughable. Polly says “it’s time to rattle and bang in protest at this outrage”. Quite. Guido has tried to mention this on the Guardian’s Tax Gap campaign blog to no avail…

UPDATE 11.55 : Richard Brooks from the Guardian’s “Tax Gap” blog emails to say they are going to explain the Guardian Media Group’s situation using the same approach they used on the FTSE 100 corporations. Incidentally, before anyone points it out, this blog is published by an offshore corporation owned by an opaque charitable trust, in a remarkably similar way to the Guardian set-up. However, crucially, this blog takes an editorial line which is hypocrisy free, Guido is opposed to most forms of taxation in principle: “Do unto others as you would have them do unto you.”

UPDATE 12.09 : As some have pointed out, that looks like an £800,000 tax rebate, rather than a payment. Even worse. No wonder the Guardian can afford shiny new fancy offices…

UPDATE 16.50 : Note amendments and strike-throughs, also note that the Tax Gap blog has now let Guido’s comments through. They also cite Richard Murphy as a tax expert who approves of GMG’s tax strategies. Richard Murphy is hardly independent, he is a regular writer for the Guardian. The Cayman’s dodge was tax neutral they claim. Except when, in the future, it comes to capital gains tax of course.

Polly Should Look at Her Bosses’ Fat Cat Bonuses

The Tuscan redistributionist friend of the down-trodden, the three-house-owning, multi-millionairess toff, Polly Toynbee, is ranting against undeserved bonuses. With the colourful prose that earns her £117,000 basic (before book royalties, media fees and advances) she lays into the worth of “performance-related pay” and the bonus culture that sees loss making Northern Rock bosses get a 10% bonus.The loss making Guardian’s editor, Alan Rusbridger, got by on a total compensation package of a mere £544,000 up from £473,000 last year. A 15% increase as a reward for losing £26.4 million – no belt tightening for him. His boss, the Guardian Media Group chief executive, Carolyn McCall, was paid a package of £827,000, comprising a salary of £424,000, plus a bonus of £385,000 and benefits in kind of £18,000. An eye watering 90% bonus.

Handy having your friends, rather than shareholders, decide your pay isn’t it? Guido has said it before and he will say it again, Polly merely dislikes the “wrong type” of rich people.

Incidentally, GMG have always been adept at using the Scott Trust and other dodges to minimise tax charges. Guido congratulates them on achieving an effective tax rate 4.99% last year. Remember that the next time Polly Toynbee calls for higher taxes and everyone to pay a fair share.

Clearly Blurred

More profound insight from Steve Richards in the Indy this morning:

“The dividing lines between the parties remain blurred.”

Tuesday, 6 January 2009

Hold on a second:

“It’s taken a recession for Brown to be candid about what it takes to make a fairer society. Suddenly the dividing lines in British politics are vividly clear.”

Tuesday, 25 November 2008

Still, it fills the space, here as well as there.

VAT Charade Shows Politicians in a True Light

Gordon’s dithering now appears to be the official government macro-policy stance. We all remember the introduction of the 10p tax rate, the disastrously implemented abolition of it, then Gordon being forced to compensate losers he denied existed. We can see with this inadvertent release of the Treasury document on the implementation of the immediate VAT cut and the planned subsequent VAT hike, how Gordon’s government really operates:
  1. He isn’t able to tell the voters the truth.
[…] Read the rest

+ READ MORE +

Kaletsky v Tories

The Cameroons should take heart from Anatole Kaletsky’s condemnation of their approach to economics. Kaletsky’s heyday is long past as Mister-E-Man notes on Nick Robinson’s blog

The same Anatole Kaletsky who in January of this year, in his Times articleGoodbye to all that: the worst is over for the global credit crunch, predicted that…

…conditions are not nearly as bad as the headlines and market pundits suggest.

[…] Read the rest

+ READ MORE +

Glenrothes : Punters V Pundits, Round II

Over at Politicalbetting.com Mike Smithson is encouraging the punters to vote on who they think is going to win the Glenrothes by-election – Labour or the SNP?
  • As of 0900 this morning the punters (after 200 votes) are splitting 61% for the SNP and 39% for Labour.
[…] Read the rest

+ READ MORE +

Wrong Kind of Rich?

Is Guido the only one who finds it a bit of a cheek that Will Hutton and Polly Toynbee are media millionaires who make their money out of condemning other rich people? They both have homes in the country and in London?

[…] Read the rest

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Hutton & Polly v Mises & Milton

Listening to Will Hutton and Polly Toynbee you would think they were actually monetary economists when in reality they are just soundbite savvy talking heads spouting the latest fashions of the metropolitan media elite. Both property millionaires in their own right, three-houses-Polly and Hutton have substantial family stakes in the property market.[…] Read the rest

+ READ MORE +

Guardianistas Frozen Cash

The Guardian Diary mocked the Daily Express for recommending investing in Icesave last week on the very same day that the firm collapsed.

Those in ice-houses should be careful, for only a fortnight earlier where was the so smug and told-you-so financial pages of the Guardian telling readers to put their hard earned savings?

[…] Read the rest

+ READ MORE +

Where Have All the Capitalists Gone?

Cameron’s Conservatives seem to be fair weather friends of capitalism, even the FT’s in-house free market philosopher, Martin Wolf, has abandoned free enterprise for banker bolshevism. Besides Guido only Heffer in the papers remains a strident capitalist tool, managing to quote Ayn Rand approvingly this morning.[…] Read the rest

+ READ MORE +

The Class Contradictions of Polly

Polly is whining again about the verbal kicking she gets after almost every column:

…my most constant hate-swipes on Comment is Free and in rightwing political blogs is for being middle class.

Guido frequently questions her judgment, but he has never accused her of being middle-class, for the simple reason she is not.

[…] Read the rest

+ READ MORE +



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