Labour's Secret Weapon

After the catastrophic mismanagement of the economy and other aspects of British society, the Labour Party should be facing a massive defeat at the next election. However, recent opinion polls have predicted a very slim majority for the Conservatives.

Let me introduce the Labour Party’s secret weapon: George Osborne MP, please stand up! I can’t quite work out whether the Shadow Chancellor is an imbecile. He throws up a lot of daft suggestions, but then so does Boris Johnson and I don’t really think Boris is an imbecile. Boris’s apparent barminess is an integral part of his persona; he has a certain wit and charm and, more importantly, his bumbling manner allows him to make abrupt changes of policy when he has encounters public opposition or realises belatedly that an idea isn’t quite as good as it appeared to be.

I do hope George Osborne will prove to be as adaptable as Boris. His latest - particularly preposterous - proposal is to sell off shares in the nationalised banks early at a discount. It is hard to envisage a more effective mechanism for transferring vast sums of money from the poor to the rich than this. Poor people have no spare cash lying around to buy shares, so only the rich will buy them - and they will be buying them from all the other taxpayers who cannot afford to buy them - at a discount!

Forget what I said before. I think I can work out whether George Osborne is an imbecile.

Why I Shan't be Voting Labour

The Labour government under Tony Blair and then Gordon Brown has been a complete disaster on so many levels that it is hard to choose any specific reason to get rid of them, but here are a few:

  1. The invasion of Iraq on the specious ground that Saddam Hussein possessed Weapons of Mass Destruction. If Tony Blair didn’t realise that this was wrong, he should have. He even ignored warnings from the security services that invading Iraq would make Britain less secure. As predicted, it has stimulated recruitment of islamic terrorists (a term banned by the BBC).
  2. Gordon Brown’s raid on on pension funds, which was used to finance ill-conceived and grandiose public spending schemes and social engineering (another term for buying votes).
  3. Disastrous Public Finance Initiative schemes which will see vast outflows from the tax payer to private companies for many decades to come. How these shabby confidence tricks accord with Brown’s much-vaunted Presbyterian Conscience it is hard to conceive. From the outset PFI schemes (originally devised by the Tories) have been constructed to place the risk with the taxpayer and the rewards with private companies. A particularly shameful example (although there are many others) is the London Underground PFI scheme which has not only delivered pitifully little but has also landed the London taxpayer with an enormous bill when the Metronet consortium went into administration. The other Underground PFI consortium, Tube Lines, is way behind schedule and has been trying to extract more money from the Tax Payer.
  4. The disastrous tripartite system of controlling financial services which left each of the three responsible parties - the Treasury, the Bank of England and the FSA - confused about its role.

I could go on.