Hahahahaha – How Glorious!

Yes, got there now and left a comment or two.

Do join in!

thanks for the link..made a quick comment..very good contribution by Andrew C

So in fairness – worth laying out their 7 steps.

1 – ‘admit there is a crisis’ – not endorsing their remaining solutions in any way, but this government seem remarkably unaware of the shitstorm that is about to engulf them. Their annihilation in the forthcoming local election might focus minds but that won’t change their utter incompetence so on this one I don’t think you can argue against the diagnosis

2 – ‘cut interest rates’ – they don’t mention whether they are suggesting emulating Switzerland or Denmark and actually going to a negative interest rate but at 0.75% there isn’t really much for any governor of the Bank of England or committee run by Murphy or Blanchflower to use in terms of wiggle room. If interest rates are cut where that leaves Green Bonds is of course anyone’s guess including theirs.

3- ‘cut taxes’ – strange advice from MMT advocates as Tim says. Of course cutting taxes will simply fuel inflation. I agree people are going to be in extreme financial difficulty but that’s the price of COVID lockdowns and other unlimited spending really since 1997. Cost pressures take time to work their way through but they are doing so now. The ‘Mile End’ boys belief that inflation through QE shows almost instanteously speaks to their complete lack of understanding about Financial Markets and the Money Supply. Subjects which always were covered fairly early in an undergraduate economics degree but probably beyond the first term

4- ‘raise benefits’ – again here I’m somewhat torn, as I do think it’s pretty rum that people in the second and third income deciles are going to be wiped out largely thanks to policies like lockdowns and Net Zero that they didn’t vote for or want. So in fairness, an increase in benefits should certainly be examined in terms of cost. How it’s paid for could be a levy on people like Murphy and Blanchflower – closing down academic institutions and reducing funding for left wing think tanks in general. Possibly even a specific ‘socialist tax’ should certainly be an option.

5 – ‘spend on jobs’ – as Tim says, reduce costs by increasing costs. The grift never stops, especially when you have gambled your way into penury.

6 – ‘align with European rules’ – never let a crisis get in the way of reversing a referendum result you didn’t like in the first place

7- ‘How to fund it…’ – here he reverses or adapt the desire to cut taxes by saying that you should raise taxes on ‘the wealthy’ – (don’t know much about Blanchflower’s circumstances but Murphy’s house must be worth something) – then QE which is the cause of much of the inflation, in conjunction with Net Zero and COVID Lockdowns. After that a mention of his desire to steal pension and ISA savings before the Green New deal, so that they can be used according to his dictates

So overall 1 out of 7, maybe 1.5 would actually assist. The rest is quite shameless special pleading, using a genuine crisis which they are the cause of to push an agenda which is barking mad. Mirror comments as Tim says are something else but it is a forum he can’t control so worth getting on there to expose his sheer stupidity

Excellent post by the former tennis professional.

I suspect the job creation schemes are an excuse for mass immigration and unionisation – you can guarantee that Murphy defines jobs as public sector jobs.

The economically inactive (e.g. housewives, students on demanding full time courses like medicine or dentistry, affluent professionals who have taken early retirement) are not going to take up ‘green jobs’ i.e. physically demanding jobs insulating houses or installing solar panels.