Flicked through the news today, saw that Mark Carney is endorsing Rachel Reeves as the next chancellor.
The same Mark Carney who not so very long ago said in an interview with the FT that the UK’s GDP was 90% of Germany’s prior to Brexit but – at the time of the interview – was less than 70% of it. And was promptly handbagged by a prominent professor of economics who said that comparing 2 economies using prevailing market rates was nonsense and that you should be comparing purchasing power parity instead.
Not a good look for Carney. His pronouncements don’t really carry the weight that he thinks they might.
The Labour conference has the whiff of a crowded mini-van of over-excited teenagers hurtling towards a very big and very unyielding brick wall.
Whenever someone portentously speaks of The Economy, one imagines a man in a toga with a disembowelled lamb before him, speaking very much in the same manner.
Well said! It is Lalaland. Rachel performed well. Much talk of Iron Lady will and discipline. But believing that a CV with the ‘Bank of England
Economist’ blazoned on it is a plus just will not wash. The Bank and its lauded independence crashed our economy long before La Truss got on the stage. Carney and Bailey should be serving time for their inflationary QE insanity. She is a creature of the entitled failed progressive London Blob. She shows absolutely no true feel for the world of private enterprise. Very grim. Its a Say Nothing Hide in A Hole Biden playbook. Lets see if it works a year from now.
Prashant Kotak
7 months ago
In amongst all the gas-bagging that will go on at the Labour conference, there will be 326785 mentions of Tories, 274896 mentions of how men are actually women and vice-versa, 173949 mentions of solidarity with Palestine, Hamas and Hezbollah, and 9346 mentions of Brexit. There will even be half a dozen mentions of working class people. But I bet there will not be a single mention of three little words: Large Language Models.
But it’s ok: I don’t believe the dinosaurs who looked up and saw that bright light streaking across the sky, equated it with their demise either.
Caradog Wiliams
7 months ago
As Mr Bastani says a few times in his article, the problem in Britain today is that there are too many old people. Old people own the houses (most of the wealth), the demands of old people are crushing the NHS, old people have pensions, old people do not believe in NetZero, old people still expect to eat meat (as long as there doesn’t have to be too much chewing) and, the worst thing, old people don’t vote for the right people. Socially, old people don’t obey the needs of the day, they don’t kneel before the TV to support BLM because their joints are too stiff.
Any party or government which can solve the problem of ‘too many old people’ can make Britain successful again. The NHS would become perfect in the use of pronouns, young people could have a choice of houses and we could all become vegan overnight. Take away 18 million old people and immigration would no longer be an issue. Could we fly 18 million old people to Rwanda?
George Venning
7 months ago
Labour is gunshy from all the artillery they pointed at themselves over the last two election cycles.
“The public didn’t vote for us when we were actively working to undermine our own campigning, when we were accussing ourselves of anti-semtism and when we couldn’t find a workable position on Brexit with both hands and a map. From this, we somehow conclude that the public didn’t like our actual policies”
Honestly, this crowd treat the electorate like toddlers – except that they’re somehow, determined to hide pieces of chocolate cake under some nice broccolli.
Mike Michaels
7 months ago
“Our friends in Hamas & Hezbollah”. The party which thought it was a good idea to present the man who made this statement as their preferred candidate to lead this country are now our de facto Govt in waiting.
David Morley
7 months ago
When we describe a government as “incompetent”, realistically what we mean is that they have not been very good at tackling difficult problems. It does not mean they have not been very good at tackling easy ones.
Empty talk about “getting tough” and the like assumes the latter. Be a bit tougher and all will be fine. Let’s hope Labour has a bit more up it’s sleeve than this. We are well off track as a country and need to accept we need some real change.
Tyler Durden
7 months ago
The problem is that the one debate they really need to have is whether they should settle for EU single market membership via a trade deal or association deal, or wait for a shift in British demographics to have a referendum on the euro in the early 2030s if not before.
Tyler Durden
7 months ago
They really are a party short of ideas. I’ve never seen this more pronounced with Labour, even under the New Labour template.
Flicked through the news today, saw that Mark Carney is endorsing Rachel Reeves as the next chancellor.
The same Mark Carney who not so very long ago said in an interview with the FT that the UK’s GDP was 90% of Germany’s prior to Brexit but – at the time of the interview – was less than 70% of it. And was promptly handbagged by a prominent professor of economics who said that comparing 2 economies using prevailing market rates was nonsense and that you should be comparing purchasing power parity instead.
Not a good look for Carney. His pronouncements don’t really carry the weight that he thinks they might.
The Labour conference has the whiff of a crowded mini-van of over-excited teenagers hurtling towards a very big and very unyielding brick wall.
“..His pronouncements don’t really carry the weight that he thinks they might..”
Carney is an economist. In my book the pronouncements of economists carry about as much weight as astrologers.
Whenever someone portentously speaks of The Economy, one imagines a man in a toga with a disembowelled lamb before him, speaking very much in the same manner.
The guy is definitely Carney, although I’m not sure if the slaughtered creature is a lamb or a Brexit voter.
Well said! It is Lalaland. Rachel performed well. Much talk of Iron Lady will and discipline. But believing that a CV with the ‘Bank of England
Economist’ blazoned on it is a plus just will not wash. The Bank and its lauded independence crashed our economy long before La Truss got on the stage. Carney and Bailey should be serving time for their inflationary QE insanity. She is a creature of the entitled failed progressive London Blob. She shows absolutely no true feel for the world of private enterprise. Very grim. Its a Say Nothing Hide in A Hole Biden playbook. Lets see if it works a year from now.
In amongst all the gas-bagging that will go on at the Labour conference, there will be 326785 mentions of Tories, 274896 mentions of how men are actually women and vice-versa, 173949 mentions of solidarity with Palestine, Hamas and Hezbollah, and 9346 mentions of Brexit. There will even be half a dozen mentions of working class people. But I bet there will not be a single mention of three little words: Large Language Models.
But it’s ok: I don’t believe the dinosaurs who looked up and saw that bright light streaking across the sky, equated it with their demise either.
As Mr Bastani says a few times in his article, the problem in Britain today is that there are too many old people. Old people own the houses (most of the wealth), the demands of old people are crushing the NHS, old people have pensions, old people do not believe in NetZero, old people still expect to eat meat (as long as there doesn’t have to be too much chewing) and, the worst thing, old people don’t vote for the right people. Socially, old people don’t obey the needs of the day, they don’t kneel before the TV to support BLM because their joints are too stiff.
Any party or government which can solve the problem of ‘too many old people’ can make Britain successful again. The NHS would become perfect in the use of pronouns, young people could have a choice of houses and we could all become vegan overnight. Take away 18 million old people and immigration would no longer be an issue. Could we fly 18 million old people to Rwanda?
Labour is gunshy from all the artillery they pointed at themselves over the last two election cycles.
“The public didn’t vote for us when we were actively working to undermine our own campigning, when we were accussing ourselves of anti-semtism and when we couldn’t find a workable position on Brexit with both hands and a map. From this, we somehow conclude that the public didn’t like our actual policies”
Honestly, this crowd treat the electorate like toddlers – except that they’re somehow, determined to hide pieces of chocolate cake under some nice broccolli.
“Our friends in Hamas & Hezbollah”. The party which thought it was a good idea to present the man who made this statement as their preferred candidate to lead this country are now our de facto Govt in waiting.
When we describe a government as “incompetent”, realistically what we mean is that they have not been very good at tackling difficult problems. It does not mean they have not been very good at tackling easy ones.
Empty talk about “getting tough” and the like assumes the latter. Be a bit tougher and all will be fine. Let’s hope Labour has a bit more up it’s sleeve than this. We are well off track as a country and need to accept we need some real change.
The problem is that the one debate they really need to have is whether they should settle for EU single market membership via a trade deal or association deal, or wait for a shift in British demographics to have a referendum on the euro in the early 2030s if not before.
They really are a party short of ideas. I’ve never seen this more pronounced with Labour, even under the New Labour template.