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Unemployment Three Times Higher Than Official Figures
2007-06-13 15:54:00
A new study shows that the “low unemployment” which Gordon’s much heralded “miracle” economy has been built upon, is a mere sleight of hand, and that actually unemployment is much much higher than the government are willing to admit to. Unemployment is almost three times as high as the Government’s official figures a new study has claimed. A report by Sheffield Hallam University said 1.7 million “hidden jobless” should be added. In particular, the report said that at least one million of the 2.7 million people on incapacity benefit should be classified as unemployed. However, official unemployment has fallen by 15,000 to 1.68 million in the same period. The claimant count has fallen for eight months in a row, the longest continual reduction since the summer of 2003. The claimant count, which covers people eligible for jobseeker’s allowance, fell by 9,300 in May to 880,400, the tenth time the figure has fallen in the past 11 month...
More About: Times , Figures , Higher , Three

MPC Has Lost Control Of Inflation
2007-05-25 12:01:00
The Confederation of British Industry has said today that the number of manufacturers intending to raise their factory gate prices soon has hit the highest level for 12 years.  This is the latest in a sequence of events demonstrating that inflation is back with a vengence, and that suppliers and retailers have rediscovered their pricing ...
More About: Lost , Inflation , Control , Flat

Spare Some Change For Gordon
2007-05-14 23:07:00
Gordon Brown is set to face a major headache just as he takes over as leader of the Labour party, an event that now looks to be mere weeks away.  It has recently transpired that Labour, who have long been running close to the wire in financial terms as witnessed by the various loans for ...
More About: Change , Gordon , Spar , Chang , Chan

Gordon Admits No Mistakes
2007-05-12 12:44:00
The newspapers today are reporting that Gordon has admitted his mistakes in an aim to make a clean break with the Blair years.  These mistakes he has specifically admitted to are as follows: Some mistakes made in Iraq Some mistakes over ID Cards The culture of celebrity Cunningly, none of these mistakes could be directly pinned on Gordon and ...
More About: Mist , Ordo , Stakes , Mista

Country Demands Gordon Call A General Election
2007-05-05 11:24:00
After taking a pasting at the polls on Thursday, obtaining a meagre 26% of the popular vote and losing control of the Scottish Parliament, Gordon must be wondering what message the general public are trying to send him. Blair, having promised to serve a full third term, looks set to take the money and ...
More About: Demands , Country , General , Election , General Election

Gordon Rules Out SNP Coalition
2007-05-01 14:08:00
Apparently, Gordon has said that he refuses to work together with the SNP in the Scottish parliament, not withstanding the massive defeat that Labour will almost certainly suffer in the elections on Thursday: Gordon Brown last night warned Scottish voters that he will find it “impossible” to work as prime minister with a Scottish National party-led ...
More About: Rules , Coal , Coalition , Rule

Gordon?s Helpers Rig The Votes
2007-04-29 12:02:00
The Times has revealed today that Labour party workers in Leeds are deliberately attempting to rig postal votes by collecting them from voters and selectively posting only the Labour votes.  A Times undercover reporter posing as a Labour volunteer recorded this conversation: Keith Wakefield, the leader of the Labour group on Leeds city council, drives ...
More About: Gordon , The V , Votes , Ordo

Interest Rates Could Rise To 7.5pc
2007-04-24 16:03:00
As we draw closer to the local elections, a group of prominent economists have today put forward their argument for higher interest rates in an open letter to the Bank of England in which they state that inflation risks could surge out of control if the Bank does not raise rates soon and quickly. Tim Congdon, Gordon Pepper and others have said that broad money (known as M4, and currently rising at 12.8% per annum) points to much higher inflation next year.  Congdon told the Telegraph: “Inflation is back and it’s going to get to 4pc by the middle of the next year, even though I expect the CPI to fall back a little over coming months first. “You can’t get away with money supply growth of 12pc or 13pc like this. It’s not as bad as earlier cycles, but it is nevertheless bad and it’s going to end the usual way. Rates will have to go to 6pc to 6.5pc, and may have to reach 7.5pc,” Mervyn King is also concerned about M4, in opposition to other MPC...
More About: Interest Rates , Interest , Rest , Rise

Brown Has Created An Addiction To Credit
2007-04-23 16:09:00
Peter Spencer of the Ernst and Young ITEM Club economic think-tank has characterised the UK consumer as being addicted to credit, according to the latest ITEM club report.  The report says that while the outlook for growth remains reasonably good, most of that growth is likely to be based on borrowing, as consumers follow Gordon’s lead and steal from their future to pay for current consumption.  That has created a country that is complacent about risk, and an economy that is skating on thin ice. “Many people are following the Chancellor’s lead and are borrowing to finance consumption.” “Both as individuals and as a country we have borrowed a huge amount to support this growth,” Mr Spencer said. “The bottom line is that we are all living beyond our means. In the short term, Mr Brown has resorted to borrowing for consumption. If the Chancellor is forced to borrow so much when the economy’s so sweet, what will happen when it turns sour?...
More About: Credit , Addiction , Edit , Create

Gordon Is A Nasty Piece Of Work
2007-04-21 18:49:00
The Independent lays into Brown today, saying that he is a nasty piece of work for the way he has treated those people who’ve been unfortunate enough to see their pensions go belly-up.  But to expect anything different from the Iron Chancellor is clearly misguided, as he has shown his true colours only too well ...
More About: Work , Gordon , Nasty , Piece , Ordo

Brown Has Created King Size Hangover
2007-04-20 14:26:00
Over recent weeks we have seen a growing realisation amongst journalists and newspaper editors that Brown ’s economic miracle is not all that he has promised, and that he is likely to leave a trail of destruction in his wake as his desperate gambles with the British economy begin to unravel over the coming few years.  ...
More About: Over , King , Size , Hangover

Gordon Wants Seven Years
2007-04-18 22:23:00
It’s reported in the newspapers today that Gordon has said he intends to serve seven years as PM, three in this term before a general election in 2010, followed by another four years assuming he wins.  However, with public opinion firmly against him and an unfolding economic disaster waiting to happen, it’s far more likely ...
More About: Seven , Years , Want , Ants

Big Mortgage Rises Coming Says Daily Express
2007-04-18 14:13:00
The Dail y Express has the pick of the bad news stories for Gordon today, with its frontpage headline suggesting that inflation could lead to base rate rises up to 6%, and consequently larger mortgage bills for homedebtors.  They also include a rather telling comment about Gordon’s handwriting, based on the signature in his letter to ...
More About: Mortgage , Xpress , Rise

CPI Hits 3.1% Triggering Letter To Gordon
2007-04-17 23:45:00
Mervyn King was forced to write a letter to Gordon today after the Chav Price Index hit 3.1%, the highest level since the measure began in 97.  The RPI, a more true measure of inflation, rose to 4.8%.  Last time RPI was at these levels, interest rates were 7-8%, yet the Bank of England seems ...
More About: Letter , Ring , Hits , Geri

Brown?s Big Bullion Blunder
2007-04-15 10:25:00
It’s being reported in the press today that Gordon is to face questions in parliament after telling a news conference at the IMF that selling off Gold reserves in 1999 for a cut price was the “right thing to do”, despite the fact that Gold has nearly trebled in price since then.  The Times is ...
More About: Brown , Lion , Bull , Big B , Under

Where?s Gordon? Round Up
2007-04-13 23:17:00
With the local election campaign kicking off, Guido Fawkes has been doing a daily update showing whereabouts Gordon has been off campaigning, and what he’s been up to. At least it keeps him out of Westminster dreaming up new ways to rob us of our hard earned. Here ’s the round-up so far: Day 1, ...
More About: Round Up , Round , Where

How To Sponge Off The State, By Gordon Brown
2007-04-08 22:19:00
The Daily Mail has unearthed a 200 page pamphlet produced by Gordon in his socialist student days, giving parasites a load of helpful hints and tips about how to sponge a living from state benefits. These days, Gordon has translated his ideas into a reality with the highest number of people off work on ...
More About: How To , Pong , Brown , State , Gordon Brown

Brits Say Gordon Is Unfit To Lead
2007-04-08 09:58:00
Happy Easter, Gordon !  As people all over Britain unwrap their chocolate eggs this morning, Gordon is discovering his very own sickly surprise as a Times/YouGov poll reveals that 57% of people think he is unfit to lead the country, after the damaging pensions trickery was revealed last week.  Only 41% thought he was doing a ...
More About: Lead , Ordo , Brits

Gordon?s Pensions Get Out Of Jail Card Torn Up By CBI
2007-04-04 18:56:00
Slippery Gordon Brown had his “get out of jail free card” ripped up yesterday, when documents released by the Confederation of British Industry showed that they never supported his tax raid on pensions, as he had previously claimed.  The CBI released their 1997 budget submission to the chancellor, which is recounted below. “It is widely thought ...
More About: Card , Pens , Pension , Get Out

Gordon?s Pension Misery Continues
2007-04-03 22:23:00
The pain continues for Gordon today as readers of the Telegraph are asked to comment on how the Great Pens ion Robbery Of 1997 will affect them.  The sentiment is clear for all to see, and it’s not pretty.  It must be plain to all but the most backward members of the general public now that ...
More About: Pension , Sion , Miser

Hand In The Till Tactics Come Back To Bite Gordon
2007-04-02 14:03:00
Gordon’s “hand-in-the-till” tactic of abolishing tax credits on dividends in his 1997 budget seems to be coming back to haunt him 10 years down the line.  The CBI have complained that Brown was warned at the time that such a stunt would cause a £100 billion black hole in pensions, and that this prediction appears ...
More About: Tactics , Back , Come , Gordon , Hand

Full Horror Of Gordon?s Debt Binge Exposed
2007-04-01 21:50:00
Gordon’s forecasts in his past budgets have been exposed as a sham today, the lies laid bare for all to see by Liam Halligan.  Gordon has borrowed from the future simply to buy his way into Number 10, and seeming has got away with it so far.  But the true cost will only become clear ...
More About: Horror , Expo , Debt , Full , Expose

Brown Admits Inflating Debt Bubble
2007-04-01 10:41:00
Seems like Gordon has finally relented and allowed the truth to be known on this one! Incredible really as just a few days ago he was claiming Britain had the strongest economy in years! In a statement today, the Chancellor admitted that he had “put pressure” on the Monetary Policy Committee to keep interest rates ...
More About: Brown , Latin , Debt , Bubble , Flat

Joker Gordon Talks Tough On Inflation
2007-03-30 00:14:00
Pull the other one Gordon !  Seriously.  Barber, Lawson, Brown.  Inflation ary chancellors.  Apparently Gordon says that we must not let inflation get out of control: This is the right time to send a signal that we’re determined not to return to stop-go, that we’re determined to bear down heavily on inflation. “Determined to bear down heavily” to the ...
More About: Joke , Joker , Talk

Mervyn Gears Up To Raise Rates Again
2007-03-28 17:54:00
Much as Gordon hates it, the MPC’s desperate flapping attempts to keep runaway inflation under control seem likely to lead to another interest rate rise, possibly as early as next week.  Swervin’ Merv yn King has commented that the rocketing money supply of 14% per year might - just might - be a sign that inflation ...
More About: Gear , Again , Rates , Ears

Gordon?s Poverty Drive
2007-03-28 17:40:00
Gordon has been desperately trying to keep under the radar this week, as his Budget of a week ago appears to have been exposed as a complete sham and nothing but a pack of spin designed to fool the electorate.  And then there was the horrendous nose-picking incident, the video of which has now had ...
More About: Drive , Poverty , Over , Gordon , Vert

Brown?s Nose-Picking Habits
2007-03-23 21:06:00
A picture tells a thousand words, and plastered across the papers today were pictures of the Iron Chancellor filmed in Parliament sitting behind Tony, picking his nose! Impressing voters with his stealthy sneakiness (much like the tax cut cons in the Budget), but no doubt disgusting them at the same time, Gordon sat there ...
More About: Habits , Brown , Nose , King , Pick

Express Sees Budget Backlash
2007-03-23 20:59:00
Massive headline on the front of today’s Daily Express: Now The Big Tax Back lash. Not great news for Gordon - he’s gone from hero to zero in a matter of days. The cheers from the Labour benches on Wednesday as he announced his 2p tax cut now a distant memory, and replaced ...
More About: Press , Budget , Xpress , Lash

Poorest Hit Hardest By Gordon?s Tax Changes
2007-03-23 01:32:00
It hasn’t taken long for the real truth to emerge about Gordon ’s budget on Wednesday. 2p off the basic rate of income tax and he doubtless expected to be showered with praise and win votes up and down the country. The abolition of his own 10% tax rate to fund this measure was ...
More About: Tax , Change , Hard , Rest

Credit Crunch Arrives To Bite Gordon
2007-03-15 00:10:00
With less than a week to go now until Gordon ’s last ever budget speech (hopefully at least), nobody can have failed to notice the sharp slide in share prices that has reverberated around the trading floors of the world this week. Traders in London today particularly noticed, as over 150 points were wiped off ...
More About: Credit , Edit , Arri , Crunch