The Last Throw of the Dice . . .

Bank of England cuts interest rates to lowest in more than 300 years

When will it dawn on our "leaders" that a reduction of 0.5% in the nominal rate of interest will have no discernable effect on the economy and its inexorable descent. The issue is not one of affordability - it is an issue of availability.

Only by following the Conservative's proposals by backing a government guarantee of all bank loans will market conditions improve - but then the government didn't come up with the idea. Labour understands that the adoption of a Conservative policy would be an admittal that the PBR was a colossal faliure and, by association, immediately torpedo their clocal untruth that the Conservatives are the "do nothing party".

As the Telegraph states this morning: "It is time the Government threw itself at the downturn aggressively, and that means adopting good ideas, whatever their provenance. This is not the time for petty politics."

Labour would rather we all suffered - whilst its substantial client state remains insulated - than admit its policy failings.

Education, Education, Education.

Pass this GCSE without writing a word

Probably the Most Incompetent Government in British History

labourdonotdo.com

I Wonder Who They'll be Voting For?

"The number of immigrants granted British citizenship has more than quadrupled since Labour came to power, latest figures show.

The number of successful applications for citizenship rose by 15pc last year to 161,780 - an increase of 337pc on the 1997 figure of 37,010."

Is it any wonder that the Labour Government doesn't want a debate on the positive effect of managed immigration. Its current policy of extemporisation actively encourages obsquious immigrants to vote Labour. The Labour Government may lose votes where competition for resources is at its acutest, but why worry when you can import voters from abroad to replace this loss.

You'll Find Them In Scotland

A Parasitic Relationship

Southern Cash Buys Northern Votes

"A widening North-South divide has been exposed by a YouGov poll for The Daily Telegraph that shows the Tories are piling up votes in London and the Home Counties while failing to make any significant inroads north of the Trent. The result of a north-south divide with the Tories controlling the South and Labour the North could have servere constituional consequences."

The reason for this electoral dispartity is the contrasting attitudes to taxation and public spending in different regions:

"Public spending in parts of the North accounts for almost 60 per cent of the economy - a level of intervention as high as in some old communist states - compared to just 30 per cent in the South."

Labour's vote is then cemented in areas where the economy depends on high public spending, whereas the Tories are supported in areas that pay more in taxes but feel they get less back from central government. As I have stated before, this is a systematic attempt by the Labour party to create an effective client state that will ensure it remains in power for the foreseeable future.