Tories Preparing to Back Labour on Tax - Iain Martin
Conservatives Incoherent on the Economy - Labour Party
Nick Robinson is as Trustworthy as Guido - Charlie Beckett
Cameron's Revenge - Paul Waugh
BBC Polling Scandal: Built In Labour Bias - PoliticalBetting.com
George Osborne and John McDonnell Joint Attack on Profit - ASI Blog
Natural Porn Killer - Sun
Consumer Confidence at 1974 Levels - Bloomberg
Aussie Government Plans Internet Censorship Filter - News.Com.Au
About that "Low" Debt, Gordon - Ben Brogan
Bonkers Hippies Demand £57 Trillion - Burning Our Money
100 Year Old US Newspaper Goes Online Only - Silicon Alley
FT Calls Cable "Loony"
LibDem activists adore Cable, and are incensed whenever Guido knocks him. Which is frequent because Guido has been calling him overrated ever since he called for the nationalisation of Northern Rock.
Vince Cable says this of the recapitalisation of Barclays:
This is a scandal of mammoth proportions. Here is a bank which relies on the taxpayer to bail it out if the going gets rough but which has offered Middle Eastern investors a much better deal than the banks are offering to the British taxpayer.
But, Vince, the taxpayer hasn’t bailed out BARC, that’s the point. No matter:
We have to ask why Barclays is willing to offer a better deal to foreign investors than the British taxpayer… The answer is simple: they don’t want the British Government stopping them from paying massive bonuses to their executives.
So apparently the LibDem Treasury spokesperson would rather the UK taxpayer was taking the risk here. Odd, because not so long ago, Cable was thundering on about the unbearable burden the taxpayer was being forced to bear. More than the other banks, Barclays operate a high-risk casino operation which makes the bank particularly unstable but which gives very rich pickings to the top executives. The British Government must not simply let this pass.
You heard it: only the mediocre will do. Too bad they’re otherwise engaged in the LibDem Treasury team.
Brown : Bonkers or a Liar?
Gordon has just told BBC News that he can go on a spending splurge because:
This is just delusional, he has run up the debt burden during his decade of unfunded spending, we have the biggest national deficit of all time, the books have never been so unbalanced as they are now. He fiddles the statistics, we know that, the Office of National Statistics even says so. Journalists know it. His own cabinet knows it. The Civil Service knows it. The City knows it. Foreign investors know it. This is why the pound has plunged against almost everything apart from the Icelandic Krona.
Guido Asked the PM to explain why, for example, the unfunded public sector pension debt is not government debt and hopes he can answer it without evasion. Because if he can't he must either be (a) bonkers (b) a liar. Which is it?
"National debt is low and we're able to borrow to do it."
This is just delusional, he has run up the debt burden during his decade of unfunded spending, we have the biggest national deficit of all time, the books have never been so unbalanced as they are now. He fiddles the statistics, we know that, the Office of National Statistics even says so. Journalists know it. His own cabinet knows it. The Civil Service knows it. The City knows it. Foreign investors know it. This is why the pound has plunged against almost everything apart from the Icelandic Krona.Guido Asked the PM to explain why, for example, the unfunded public sector pension debt is not government debt and hopes he can answer it without evasion. Because if he can't he must either be (a) bonkers (b) a liar. Which is it?
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