Thursday 22 July 2010

Interesting

I see the You Gov tracker opinion poll now puts the Lib Dems on 14%, somewhat unsurprising as they have become consumed by the Conservative agenda.

I believe Nick (Ramsey)McClegg made a fundamental mistake by not taking a leading portfolio, but seeing his performance in prime minister questions perhaps it's better he continues in the nodding dog mode.

However Mr Cameron has made more than a little gaffe in America http://www.bbc.co.uk/news/uk-politics-10719739 , perhaps he can do as foreign professional footballers do, he can say it was out of context or misquoted, or more likely his friends in the media will just brush his lack of historic knowledge under the carpet.

There was an interesting piece in the independent http://www.independent.co.uk/news/business/news/economy-set-for-triple-whammy-admits-bank-chief-2032213.html today.

It warns of a Triple Whammy, higher inflation, lower growth and higher unemployment.

The VAT rise in January will help fuel inflation, the cuts in the public sector will lower growth and both will cause employment.

If we look at the tax cuts they propose will mainly benefit the conservatives friends, the VAT tax rise wipes out the benefit from the higher tax allowances for the lower paid, with freezing child benefit many low income families will be worse off, this before the unspecified public sector cuts.

So the Con Dem budget is beginning to look worse even before it's enacted, Lib Dem voters believed they were progressives, 14% might look good for the lib dems in 2012.

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