Thursday, August 06, 2009

The green shoots of spin start to get ready

So we have the Royal Institute of Chartered Surveyors ( who usually predict a rising property market - even just before the crash - I wonder why ? ) saying the housing market is off again ( their spokesperson almost certainly has their fingers crossed behind their back ) and the *government funded* National Institute for Economic and Social Research saying the recovery is coming. ( The Guardian and BBC are lapping this stuff up of course ).

Mean while the Bank of England hits the panic button again for another £50billion of government spending - sorry Quantitative easing due to the their view that UK recession "appears to have been deeper than previously thought".

The Bank of England is not independent - its board have been appointed under Labour.

What Labour want is a recovery to hold a general election in - whatever the disastrous consequences of doing so.

There is now a very large pile of cash being held on deposit at the Bank of England by the banks.

All the BoE needs to do to trigger its rapid dispersal into the economy is to start charging for the service of looking after it.

That would create a temporary blip in the economy just at the time of an election.

The Con could be on.

Further: Jeff Randal seems to get it.


Goodnight Vienna said...

Yes, it's a double-dip we should be concerned about. We all know Labour's propensity to massage the figures to their advantage and there'll be no greater need than at the time of the next GE.

James Higham said...

I'd say quite a few little nasties are in store for March/April.

Barking Spider said...

Looks like a Labour massacre at the next election - good! I hope they are confined to the dustbin of failed experiments and forgotten history forever.

wildgoose said...

Quantitative Easing £175 billion.

Government Deficit at least £175 billion.

I'm sure it's just a coincidence...

Anonymous said...

Meanwhile the slightly miflish but incredibly stupid bint on BBC Breakfast pronounces that the dismal results from RBS are "good news for the taxpayer"

Man in a Shed said...

@Anon - interestingly the results and forecasts from RBS are seen as bad news by some of the press, but refreshingly honest.