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Archive for the ‘economy’ Category

Well, it made me laugh

Mr. Eugenides:
Cyclops is effectively at the wheel of a massive £700 billion muckspreader, manure flying in all directions. Now imagine him gently easing off the handbrake, pointing it at the nearest crowd of pedestrians and, with a resolute squaring of the jaw, gunning the throttle. Picture Gordon Brown at the controls of a runaway shit-throwing [...]

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Budget Day

According to everyone, it is Budget Day.
The VW’s fuel tank is full and we have as much stock of baccy and beer as we can afford.
Rather than sit here and observe the finishing touches being put to the wreck of the British economy I am going to the dentist’s for the first instalment of some [...]

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Orders of magnitude

As I freely admit I know very little about economics, partly because I don’t find it at all plausible. There are religious cults all over the world with more credible creation-myths than those espoused by the current crop of economists. ‘Printing’ money? Good heavens; the Scientologists’ version of events reads better than this.
So I don’t [...]

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Wildebeest

An Englishman, on gits in suits:
We are the wildebeests by the waterhole. We are the ones who have to die to feed these ghastly, lazy, incompetent predators.
Damn it, Sir! Get a grip! If you are indeed a wildebeest*, then pray be so good as to imitate the action of a water-buffalo!
* I am not, myself. [...]

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Extrapolation

As I may have mentioned before, I know refreshingly little about economics, and that which I have been obliged to learn I am, frankly, disinclined to believe. The most cursory interrogation of any City chap (facilitated, if necessary, by the customary means) will reveal that after only about fifteen minutes of cross-examination the fellow will [...]

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A bad feeling

The lone voice and Ian Parker-Joseph remark upon this article in the Spectator, by Fraser Nelson, which suggests that the Royal Bank of Scotland, now effectively nationalised, is undertaking the political vetting of customers, and which concludes
The terrifying fact is that Gordon Brown and his colleagues are now in charge of most of the British [...]

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Down tools, lads; all out

People are becoming fed up with hearing El Gordo [Sp.: 'the fat one'] blethering on about ‘British jobs for British workers’ and then being passed over for employment in favour of foreigners.
It says in The Telegraph that
No 10… stopped short of asking workers not to protest.
However, the 15-minute political-indoctrination slot which always follows the [...]

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HMRC is Shite

From Accountancy Age (via HMRC is Shite, via Nanny Knows Best):
MPs have urged HM Revenue & Customs to trap tax evaders
by employing new powers intended for the fight against terrorists and money launderers.
Surprise, surprise. As though the legislation had not been drafted with this, and other ‘diversifications’, in mind.
Hartnett [HMRC acting chairman] confirmed [...]

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Owe £1000: lose £150,000

It appears from The Times that property is now being seized by banks in respect of relatively trivial debts:
Banks and credit card companies are exploiting obscure legal powers to seize the homes of thousands of people who cannot pay their credit card bills… In some cases, people owing as little as £1,000 have been served [...]

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History repeating itself?

Burning Our Money wonders whether history repeats itself, and produces this graph, which, to a mere techie, looks really rather convincing:
Is it true, then? Well, is it?

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