Saturday, 30 August 2008


 

SATURDAY, AUGUST 30, 2008

Osborne : Is it Brown or Darling Who Is Telling the Truth?

The Chancellor's candid confession that the economy is tanking worse than previously admitted has been seized on by his shadow. Osborne asks
Who is telling the truth at the top of Government? The Prime Minister says the economic situation isn’t as bad people think and that Britain is well placed to weather the economic storm, but the Chancellor says we are at a 60 year low. Gordon Brown has briefed out stories that he has an economic recovery plan all worked out, meanwhile the Chancellor says the downturn will be more profound and long-lasting than people thought.
Mulling over whether or not to bet the shop against sterling...

UPDATE :
 The Chancellor in the interview does appear to know the price of eggs. We can relax. Phew.

FRIDAY, AUGUST 29, 2008

Newsnight Cock Down Up the Market Report Yet Again

A co-conspirator reports that Newsnight reported the Dow up 171 points tonight. Reassuring in these times of financial market uncertainty. Alas Guido has to report that the BBC's flagship news and current affairs programme (budget £3 billion) has managed to get it wrong yet again. The Dow closed down 171 points. This would never have happened in Peter Barron's day, oh hold on...

How hard can it be to report the closing price of the world's most watched market correctly? Can't they get a trained monkey to do it?