Tuesday, 2 September 2008




POLITICAL DAUGHTERS


Of course all those senior journalists and editors who self-importantly and ostentatiously held back on non-political news about young Ms Blair will do the same for young Ms Palin? It is the same principle right? They will won't they?

MONDAY, SEPTEMBER 1, 2008

Newsnight Economic Analysis

Guido is quite excited. Have had a few Guinnesses. Newsnight are going to do some analysis of the foreign exchange market (they read about it on Guido). These are the same people who called it upsy daisy Friday. (Analysis of Ms Fawkes aged 3, more accurate.)

UPDATE : Ooh - Crick says people really are "pissed off".

Crisis, What Crisis?

Sterling is down 14% against a basket of currencies since Gordon Brown became PM and Alistair Darling took his old job as Chancellor. Oil is priced in dollars...

Flashback : Labour Government Sterling Crisis

If Britain, as a result of Gordon's financial genius, is so well placed to weather the international financial storm, why is the pound at an all time low versus the euro? Why is it falling against a broad basket of currencies? Sterling was even down against the Pakistani Rupee last week...
"It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued."
Prime Minister Harold Wilson, 19 November 1967

Harold Wilson came out with that famous statement after the pound was devalued 14% against the dollar. The pound is down some 28% against the euro since the launch of that currency. unemployment is heading towards two million. The seventies are back under Brown. After a run on a bank, we now have a run on the currency. Could we see the return of flared trousers and exchange controls?

Chancellor Blinky

Can you imagine Ed Balls as Chancellor? He certainly can and if the papers are to be believed it is he who Darling reckons is briefing against him. Ed is possibly the only minister who the public, if they know him, detest even more than the Gordon Brown.

He is universally disliked by MPs, journalists, party activists and civil servants alike. Arrogant, rude and just plain unpleasant to deal with, he manages to come over as such even when he is on television. With him as Chancellor the Labour Party has the chance of becoming the third party behind the LibDems. Go for it...