Monthly Archives: January 2013
  • 25/01/2013

    Adroit Dealings On Europe

    However it came about; however reluctant he was to do it, the Cameron 'initiative' is a Good Thing. The cat is among the pigeons, and the ensuing disturbance will throw up who-knows-what.   The reflex of a startled bird is of course to poop, but we can laugh confidently as the snarling and sniping 'project' promoters threaten to crap all over us. They can't be getting any pleasure from the better-informed public commentary: Raedwald has a good piece on how the intelligent European press knows the score. All manner


    24/01/2013

    Expect a Big Improvement in Dave

    Lynton Crosby is in London working for Dave now, and was saying his g’days to the political hacks last night. He hasn’t arrived a moment too soon. This bit of Ben Brogan’s piece struck me as being exactly right (my bold): He argued in favour of applying strict tests to any issue that a party leader might want to raise with the voters: is it genuinely salient? Europe is, gay marriage not so much. Is it personally relevant to the

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    24/01/2013

    Question Time: In ,out, in, out, in..or out edition.

     David Dimbleby chairs Question Time from Weymouth. On the panel conservative health minister Anna Soubry MP, former Labour culture secretary Ben Bradshaw MP, former leader of the Liberal Democrats Ming Campbell MP, editor of Private Eye Ian Hislop and journalist Angela Epstein. Enter your guess for what you believe the audience will ask the panel. Maximum of 5 guesses allowed. Various special rules apply ; rough scoring guide


    24/01/2013

    What will Spanish unemployment be in 2017?

    Because it is not a very pretty site today. In fact it is at nearly 60% for under 25's! As much as we think a potential 2017 UK referendum on Europe is a long time away, it maybe much further than the average man on the street, or even Ed Milliband thinks. A country like Spain should not have to suffer with such massive levels of social misery. Spain remember did not even stoke up a banking crisis or a have a crazed government

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    23/01/2013

    Oh Happy Day

    If one accepts (and I’m afraid one has to) that Cameron, having buggered up the last election, couldn’t hold a referendum during this 5-year Coalition Government, his speech today and its commitment to a manifesto pledge for an In/Out vote in 2017 is as good as one could possibly have hoped for, for all sorts of reasons.First, he now has the priceless First Mover Status on a referendum. This will help the Conservatives enormously in the next general election.Secondly, it marginalises the LibDems, who deserve no other fate, being unutterable charlatans and rank opportunists.Third, it should eradicate the UKIP

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    22/01/2013

    EU want in or EU want out?

    We have avoided mentioning it much here. Mainly because the arguments for an in/out referendum and a further fusing of the UK to to the EU isn't much of a real issue. Much like the Obama election , the result isn't in doubt. In any referendum the nation would vote to stay in the EU, but to be allowed to have some minimal power restored. Probably the working time directive which we ignore anyway. Immigration would be the issue citizens would like to have control over, but that isn't


    22/01/2013

    Nuclear Stand-off Hotting Up

    The business pages of the Telegraph are a favourite platform for commercial vested interests.  De Rivaz of EDF has used them before to 'frame' the context of the farcical bluffing contest being conducted over what outrageous guaranteed price (and other ultra-valuable concessions) he can screw out of HMG for getting started on just the first of his 4 'promised' new UK nukes. And here he is


    22/01/2013

    Rose Delivery

    OCADO Share GraphSo, Sir Stuart Rose, a much respected retailer is going to be chairman of Ocado. This has been allied to rumours of A takeover of the Ocado business by M&S. Now M&S is in trouble on the clothing side but its food business is going quite strong and has been for years. As far as I can see it does a great job in selling to wealthy empty nesters who don't need to make big meals anymore

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    21/01/2013

    Snow Joke for a triple dip

    I knew it would not take long. The FTSE rally has been very strong this year, as it often is in January as people get optimistic that the coming year will be better than the last. Well here we are 2 weeks in and it is all unwinding quite quickly. The heavy snowfall in the UK will depress economic activity in Q1 enough that the likely slight fall in Q4 will be repeated and so we will have a triple dip. Having said that, it does

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    20/01/2013

    RBS: the faliure of Vickers already evident

    6 years from the implementation of the Vickers report and its failings are already clear to see. RBS is about to get a huge fine for Libor rigging, as is par for the course for seemingly every bank that had a trading division in the City. RBS though are using this as yet another chance to re-structure what is left of the investment banking division. The CEO is going to go and maybe one of the deputies too. The remnants of the investment banking division

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