Monday, May 31, 2010

How The Poor Got Richer

They've never had it so goodYou'd never guess it from the constant wailing of the poverty lobby, but over the last half century the poor have got a whole lot richer.A standard measure of poverty is net income of the poorest 25% of households (specifically, the bottom quartile point). And as it happens, the Institute for Fiscal Studies have recently published a compilation of the official figures going back to 1961 (obviously it's far too...

Sunday, May 30, 2010

Hot Date in the Forest.

                       Sometimes we don't meet for a year, but when we do, it's one date after another.We staked outside Heeren for Man Hunt 2010. No more a boy, not yet a man. They were in itsy bitsy shorts that drew a lot of male onlookers. Don't ask me why, but if only that photo i took of the crowd was clear, i'd upload it. 80% of...

Laugh Monday Blues Away

I know i've missed a couple of Mondays, but it really ain't that easy narrowing down really funny ones as I usually chance upon them. I only want to put quality laugh-out-loud material, thus pardon me for the lack of it. Today's post i'd say it's quite a feeble attempt at laughing out loud, but still...let's laugh at someone else's expense :PPetticoats have been invented as an undergarment for ladies. They're usually in not-so-flattering...

Saturday, May 29, 2010

How To Rebalance The Economy

Set my people freeYesterday Cam gave his first major speech on the economy as PM. It contained much that was good: cut the deficit, cut red tape, stabilise the banking system, improve our schools, reform welfare to make work pay, fight protectionism. Yes, a big tick for all of that.But his speech included another bit. One that we're not nearly as comfortable about.It starts off fine:"Today our economy is heavily reliant on just a few industries and a few regions – particularly London and the South East. This really matters. An economy...

Friday, May 28, 2010

New TPA Vid

To coincide with this Year's Tax Freedom Day - the day when Britain stops working for the government and starts working for itself - the TPA has launched a new vid showing how the tax burden grinds down one young worker.Starting work at 9am, it isn't until 1.21pm that he's earned enough to pay off the government. Only then is he free to work for himself.PS Don't believe the TPA's numbers? Tyler is 100% confident they are spot on - largely because he was the one who calculated them. And in truth, he'd have gone further....

Perspectives.

I was staring at this, deciding if it looks obscene or not.Got my answer when i flipped it over. Be imaginative...

WTF Do They Think They Are?

By far the best QT everWe try to stay off the BBC - no, really, we do - because it pushes our blood pressure into the stroke zone. Which is why we also steer well clear of Question Time. But last night Newsnight led with the same lengthy tabloid report on the murdered prostitutes (sorry, "sex workers") we'd already seen about 20 times elsewhere. So we flicked across to QT. Just in time to see one of the Lord High Dimblebys passing judgement in a serious case of contempt of the BBC.It seems the new government had had the temerity...

Wednesday, May 26, 2010

OECD Tells George To Brace Up

That's where 13 years of Labour leaves youThe OECD published its six-monthly World Economic Outlook today. And you know what? It's not all bad news. They say that world growth is picking up faster than they expected last time, and it's been driven by China and the other emerging economies, rather than by yet more fiscal blow-outs here in the West. So world trade is picking up again, and basket economies like the UK have a real chance of earning...

Tuesday, May 25, 2010

Tackling The Welfare Problem

"My Government’s legislative programme will be based upon the principles of freedom, fairness and responsibility... The tax and benefits system will be made fairer and simpler... People will be supported into work with sanctions for those who refuse available jobs and the timetable for increasing the State Pension Age will be reviewed."Thus spake Her Majesty today.As we mentioned a couple of days ago, the welfare bill is now running at £200bn pa,...

Absolutely Free

Free fountains for allOn BBC R4 Today this morning they discussed the imminent move by the Times to charge £1 per day for access to its online edition. You and I know there's no way we'll now start paying for Finkelstein and the rest of the Times output, and the BBC clearly agrees. Which will be great news for the BBC themselves, whose audience/readership should get a big boost. As Evan Davis chirped in his link to the subsequent item: "here's a review of the papers, and it's absolutely free".Yes, ladies and gentlemen,...

Monday, May 24, 2010

Nokia N900

Humans are said to be known for not having enough for material things—yeah, I’m one of them so I should agree. For about 2 months, I’ve been eagerly eyeing this one of the latest from Nokia’s Nseries, and I’ve spent quite sometime looking for obviously a cheaper deal (I have heard it still is around 30 thou in the Nokia Philippines store). I was almost scammed on eBay during that process, and I rightfully won the claim and got a full refund (thank...

A Decent Downpayment

No wonder they always wanted him to join the ToriesYou'd hardly know it from the BBC and C4 News, but the Osborne/Laws £6bn cuts represent a really decent start in rescuing us from Labour's fiscal catastrophe.Even more encouraging, many of the cuts have been lifted straight from the TPA's list of recommendations. In fact, adding up list, we reckon almost £5bn of the £6bn came from the TPA/IOD £50bn cuts proposals published last...

Sunday, May 23, 2010

Taking Arms Against A Sea Of Waste

£150 to youGeorge's Treasury has apparently put together a waste dossier. We say apparently because, although it has been sent to all the important journos, it has not been officially published so we humble taxpayers can take a look for ourselves - so much for the promised public spending transparency. Anyway, the S Times reports its copy thus: "A Treasury audit of Whitehall spending, which was carried out over the past week, has revealed how...

Saturday, May 22, 2010

He Is Heavy. And He Ain't My Brother.

1. The beer case for welfare2. The power of real brotherhood Listening to the appalled German taxpayers wailing over Merkel's Greek Euro bailout, you can only thank your lucky stars we had the quite marvellous Mr Gordon Brown to keep us out. If it had been left to Bliar, Clarke, St Vince, and the BBC, we'd now be in the Euro and as stuffed as those North Rhine Westphalians.German taxpayers have also worked out something their politicos won't yet admit - any bailout will simply be good money chucked after bad. There isn't a prayer...

Friday, May 21, 2010

Coalition Checklist

For various reasons, Tyler hasn't got time right now for a full blog on yesterday's coalition manifesto launch. So we've summarised our reading in the handy cut-out-and-keep checklist above. Overall, there are definitely reasons to be cheerful. They are going to cut borrowing, mainly though cuts in public spending. They are going to cut some taxes - although only at the price of increasing others. They are going to cut red tape, and they are going...

Wednesday, May 19, 2010

Larf?

The chippy grammar school boys are on the right... and they still areWell you've got to laugh, haven't you. Today Tyler had a rather long, and shamefully liquid, lunch with an old friend from the Treasury bunker. Two old Treasury hands, and two grammar school boys from the old days.Ah yes, the old days. The days when public school toffs were not the only game in town. The days when the richest fifth of students were not seven times...

Tuesday, May 18, 2010

Enron Labour

Allow me to introduce the finalists for Labour's Got A New Leader*Today's revelations of Labour ministers flouting the rules governing the proper use of taxpayers' money ought to shock us."Labour ministers rammed through hundreds of millions of pounds of spending on pet projects before the election against the explicit advice of senior civil servants. Senior mandarins throughout Whitehall resorted to the ‘nuclear option’ – writing to demand...