BBC News - UK unemployment increases to 2.51 million.
Sorry couldn't resist it 🙂
But more seriously - this will be a story I predict will be repeated again, and again, and again.
If £80 billion is carved out of government sp0ending expect unemployment of more than 4 million.
And no fall in government debt as a consequnce.
This is the logical consequence of the policies this new government is going to offer.
And the Lib Dems have been mad enough to let David Laws - one of their MPs - be Chief Secretary to the Treasury and hatchet man in chief.
The consequences will stick.
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David Laws: Vice President of JP Morgan from 1987 to 1992 and then Managing Director, being the Head of US Dollar and Sterling Treasuries at Barclays de Zoete Wedd.
@Carol Wilcox
As I’ve said before: Orange Bookers are not friends of the progressive agenda
Richard,
Why do you spend so much time writing about British politics? When you write about accounting, or tax havens, or other intricate things, my ears prick up. That’s where you add value. I couldn’t give a damn what you think about the Tories – if I want political analysis I go to the Guardian or the FT or whatever. It’s not a huge bother for me – I can simply scroll down – but why don’t you just stick to the stuff where you add value? And recently you said you had readers from around the world – they will surely be quite annoyed by this obsessive focus on British politics.
Brian Thomas
@Brian Thomas
Fair comment
Three answers:
a) All tax and accounting is political and Labour did adopt more of the agenda I wanted than I expect to now be the case
b) This is my blog – I guess I can write on what i think appropriate
c) Traffic in the last few days suggest a lot of people want to read that opinion
But normal service will be resumed soon
In the meantime – please feel free to ignore the bits you don’t like – and I’m sorry that there are bits you find unpalatable, but if I wasn’t opinionated I wouldn’t write any of this stuff!
Richard – I urge to read the attached. It’s from FDR’s Man in the Arena speech in 1910. It’s my view of the vision that the new Prime Minister and Deputy Prime Minister espouse. This vision is bold, exciting and forward thinking (or should that be progressive).
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
“Sorry couldn’t resist it”
Puerile as ever, I note, especially as the figures only go up to the end of March.
Every Labour government has ended with unemployment higher at the end of their term in office than at the beginning. Historical fact.
@Peter
Gee
Don’t you know the meaning of the word ‘joke’?
Or what a smiley means
The right should really learn about irony sometime
Or get lives