Monthly Archives: September 2009

It’s a bit late to be “toughest in the world”.

Suddenly, and somewhat belatedly, Gordon Brown is getting all macho with the banks. Apparently, he’s going to make the UK’s bank regulation the toughest in the world. That will certainly play well to the Labour faithful and a public heartily … Continue reading

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Be Chancellor of the Exchequer for an hour or so

If you are stuck for something to do, you could have a go at the DIY spending review on the IFS website. It allows you to increase or cut public spending and then to allocate what you have left between the government departments. … Continue reading

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Even Thatcher didn’t cut public spending like this

David Cameron, talking about the Thatcher years earlier this week, remarked: We never in the 1980s actually managed to cut public spending. He’s right, of course. As this graph shows, public spending is one of the few things that can  … Continue reading

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Financial fly-tipping

George Monbiot draws a parallel between unscruplulous firms that dump toxic waste on poor countries and banks that offload their toxic debt in a similar way. He refers to Barclays and its recent attempt shunt its CDOs and dodgy mortgage assets to a company in … Continue reading

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Instant gratification, lap-dancing and City bonuses

Heather McGregor has caught Harriet Harman talking rubbish yet again. Lap dancing, like any other form of corporate entertainment, is not tax deductable, so asking Alistair Darling to stop a tax break that doesn’t exist makes Harriet look pretty stupid. As if the poor … Continue reading

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Cuts from April 2011 – whoever gets into power

I couldn’t get excited about David Cameron’s discovery of the government’s ‘secret plans’ to cut public spending. You only have to look at what the government has been doing, rather than what it has been saying, to realise that it is … Continue reading

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Where your tax money goes

Here’s a handy little graphic from the Guardian’s data blog. It shows central government spending by government department using different sized bubbles.   Heres a link to the PDF: Public_spending_160909 Check out the 49,891% increase in spending by the Treasury, much of which has … Continue reading

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