Not uniquely amongst bloggists, in my capacity as armchair economist I have predicted that the UK economy, even if it grows in Q4 2009, will contract again in Q1 2010. The first ingredient added to my conjecture was evidence of a Q4 consumer boom based on ill-founded optimism. The other thing I should have mentioned … Continue reading More fuel for the double-dip fire…
If you look back over my posts, I have a fair few predictions hanging in the air, including who’ll win the election, the impending double-dip, the collapse of our electricity generating capacity on the next 3-5 years, and this: What is rather more concerning is this proposal, which takes me off on something of a … Continue reading Signs of an accurate prediction?
I think we all know how Labour’s media machine works – expectation management. Last week, Simon Heffer came up with and idea, to which I made reference yesterday. There is one money-saving move Mr Darling could take in the Budget that would cut the Tory party off at the knees: and that would be to … Continue reading Setting the scene for a Labour Poll Lead
Sterling took another beating today on the back of collapsing exports. Ratings agency Fitch described UK PLC’s credit profile as ‘deteriorated’. Business and the markets have given their judgement on the consequences of a hung parliament – or worse a Labour victory. As it is, there has been zero growth in GDP over the last … Continue reading Nonsense, vacuity, ephemera, distractions, windmills and straw men
I’ve talked a few times about the prospect of a Double-Dip recession. The snow will have had a devastating effect on commerce over the last week or so, helping things none at all. Now even the New Statesman acknowledges the scale of the problem we face: Of course, Brown will be happy so long as … Continue reading Even the New Statesman’s talking Double Dip now
I just don’t understand how this man can go on like this. It’s terrifying to think someone who’s not only dishonest with the country but with himself can wield such power. Never mind the question of what entitles Brown to promise any such thing, who in their right mind is going to believe him, … Continue reading Delusions
Team Brown fear that the first quarter of 2010 may see Britain dip back into recession after the UK is expected to emerge from recession in 2009 Q4. The theory is that Christmas-related activity will produce an artificial boost this quarter but post-Christmas retrenchment and the imposition of new Labour taxes (including the VAT increase) … Continue reading Do keep up, chaps…
Jacqui Smith, Hazel Blears, James Purnell, John Hutton, Geoff Hoon & Caroline Flint have all resigned from Gordo’s ‘government of all the talons’ this week, and Ian Gibson, the backbencher deselected by the party’s "star chamber" over his expenses claims, announced that he would be stepping down as an MP with immediate effect – forcing … Continue reading Let’s Recap then…
Al Jahom's Final Word 