Man in a Shed: Govt credibility dies one u-turn at a time

Tuesday, June 26, 2012

Govt credibility dies one u-turn at a time

In a crisis, and thanks to Labour we have a real one, credibility matters.

After the fuel tax climb down there isn't that much left in Downing street.

Note: I'm not saying increasing fuel taxes is good - I happen to think the reverse. However, reversing what you said you'd do under very simple pressure from Ed Balls leaves the govt looking weak and desperate.

Not good.

PS New job occupying my time right now... sparse blogging for a bit.

2 comments:

Anonymous said...: I don't think the cancellation of the fuel duty increase was anything to do with Ed Balls at all. I reckon Bollocks got wind of the announcement and tried to make political capital out of it.

I hardly think George Osborne is daft enough to do anything just because Bollocks makes a noise on the airwaves.; 9:46 am
Man in a Shed said...: A cunning thought - however current reports suggest no one knew about it even on the day. Not discussed in Cabinet and Conservative MPs sent messages telling them to accuse Labour of hypocrisy calling for the u-turn.; 7:15 pm

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The pound in your pocket

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"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

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