Monday 8 March 2010

Badger loses in Brown fight

Poor Alistair Darling, the man who has had to endure the forces of hell unleashed upon him. Not only was he totally unready to be made Chancellor 3 years ago, but also had the bad luck to follow the megalomaniac Gordon Brown.

Now, having survived in job through the most unprecedented economic crisis in history, the Labour spinners have had it that he has been trying to stand up to Gordon Brown and Ed Balls over the forthoming budget (I say that wistfully, it will be the latest budget ever if we get it and not an election). Appartenly he has been saying let's make some cuts in our gargantuan spending in the vain hope of preventing a Greek style Sovereign Crisis.

But today in the Sunday Times, it seems the battle is lost. He is sticking to last years policies with no new cuts in spending. Oh dear, last year he predicited the recession would be 50% less harmful than it was (just over 4%  loss of GDP rather than the actual 6%) . So this means following last year's budget is a pure fantast dreamland right from the start.

HM Treasury (where is the budget, spineless wonders?) have to revise a lot of numbers becuase they either keep getting them wrong or political pressure is proving too much and they keep massaging the right numbers. The fact is we need the truth desperately. How do I know this to be true? Well the Tories will not be nailed on any concrete economic policy, becuase they say they have no idea what is in the books. Given the massive electoral harm this is causing them, they would not be saying it if it were not true.

So there we have it, a nice political budget coming up. I suggested the other days ways of trading round it, seems this is likely to come to pass now on 24th March.


Unknown said...
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Nick Drew said...

yup, looks like time to short sterling, if not done already

IMHO etc etc

Saturn V said...

That roller coaster at Alton towers.
The one that suddenly does a vertical drop into a black hole.

Called oblivion isn't it?

Demetrius said...

I must be getting old, but can someone explain to me the logic of having a "budget" days before a general election?

CityUnslicker said...

Not me Demetrius - just part of the propoganda.