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the loser
01 Nov 07 00:14
Joined:
Date Joined: 10 Feb 04
| Topic/replies: 2,764 | Blogger: the loser's blog
This takes the Nobel prize for double-standards and raises bare-faced cheek to buttock-clenching heights

Brown is failure personified - everything he does and did fails.

If failure is untolerable then why hasn't he resigned ?
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Report snooker punter October 31, 2007 11:27 PM GMT
name me a better chancellor of the last 30 years
Report Eternal optimist November 1, 2007 12:18 AM GMT
Snooker

Excluding darling Alistair who is ten gulps puppet then bogey isn't even the best of the last two Chancellors.

The guy who wrote this article is a far more accomplished Chancellor than smash and grab Gordon:

Brown has been remarkably successful in creating a myth about his record. He was proved correct in his forecasts for growth on his 2004 budget - as I said at the time, in the budget debate, that he might. By quoting this, he evades the real problem that is troubling the IMF and most other serious economists. The important point is that he has a lousy record with his forecasts of government borrowing. In his last pre-election budget in 2001, he forecast that he would borrow only 12bn over the next six years. In the event, he will be out by 100bn - borrowing 112bn, almost 10 times his forecast, even though he increased national insurance by 9bn a year after the 2001 election.
The question the chancellor should answer is this: even if forecasts for growth of the economy were right, why were your borrowing forecasts so wrong? It is government borrowing that drives Labour's need for more tax. That is why Labour will raise taxes in a third term. That is the point that I and many Conservatives have been making for the past three years or so, and we are supported by the latest comments of the IMF.

I have great faith in people's ability to see through hype. The rewriting of facts which characterises this government is not limited to intelligence dossiers. A central part of New Labour's mission is to make us believe that the strong performance of the British economy dates from the moment Labour was elected. But as Derek Scott, Blair's economic adviser, has written, Brown's economic inheritance in 1997 was better than that of any previous chancellor in living memory.

Brown does not compare his record with the government that he succeeded. His talk of high interest rates, high unemployment and high inflation all relate to several years before he took over. "No return to boom and bust" was a phrase I coined when I was chancellor and we had achieved four years of growth with low inflation before Gordon took office.

Brown has traded heavily on the credit flowing from making the Bank of England independent. But I had already reformed monetary policy; and the stable monetary framework that he inherited, with the inflation target at its heart, was the decisive change. Inflation had been defeated by the Major government. The day Brown became chancellor, inflation was 2.6%. Today it is 3.2% and rising. Low inflation keeps interest rates low. They will only remain low under a government of any party as long as it succeeds in getting government borrowing back under control.

People tend to judge chancellors differently when they are able to look back on their legacy. Brown's time as chancellor will be judged by his mismanagement of the public finances and his failure to achieve value for money for his vast increases in public spending. He has squandered the incredibly strong fiscal position of the late 1990s. Government borrowing of nearly 3% of GDP after such a long period of growth, as happened last year, indicates a serious structural deficit. At this stage in the economic cycle, the public finances should be running a surplus, not a deficit.
Report Isle of Tights November 1, 2007 4:35 AM GMT
No mention of selling the Gold at the wrong price?
Report Dr Crippen November 1, 2007 7:32 AM GMT
No mention of steady growth and low inflation for ten golden years either.

The bloke who wrote EOs copy and paste openly boasted when he was given the job of Chancellor than he knew nothing of economics.
Thats probably why we kicked him and his useless party into touch in 1997.
Report Isle of Tights November 1, 2007 7:36 AM GMT
Do you ACTUALLY believe all that spin?
They take out things of the equation at will.
When fuel, heating and mortgages rocket up, they drop out of the equation, mysteriously.......
As for jobs.....Creating a NEW job on the 'New Deal' for 6 weeks training hardly counts.
Dare I mention Immigration Figures coc.k up.............??????
Report Pangloss November 1, 2007 9:12 AM GMT
I'm was always impressed with Bliar defending Bottler as having 'presided over 60 quarters of consecutive economic growth, the longest period in recent history etc'. Anyone with even an acquaintance with basic maths will twig that 20 of the 60 record consecutive quarters occured under the last Tory government.

It is taking the michael to hijack 5 years of Tory economic success and to regularly try and blame any economic bad news on the 'mess' inherited in 1997. I agree that in a few years time, Bottler's reputation as Chancellor will be heavily tarnished. The only serious question is will he be an even worse PM than he was Chancellor?
Report cryoftruth November 1, 2007 9:28 AM GMT
I really do think there is some revision of history here.

Whatever he, or anyone else says you cannot deny the facts of economic competence shown by Brown when chancellor. To keep low inflation, high employment and low interest rates for a couple of years might have been lucky. But to do so for a decade sounds like good management, the best I can remember in the last 4 decades.
Tory chancellors, save one, were all useless.
Lamont's incompetence was only matched by his utterly misplaced arrogance. I got sick of hearing him sticking up for the Fascist dictator General Pinochet when he was arrested here for human rights offences. Some of the other tory chancellors were just as useless. Nigel Lawson, the so called "brilliant chancellor" of Maggie, made such a complete** up that there was a massive rise in inflation followed by a recession and major housing market slump with zillions of reposessions and bankrupts.
The only tory who showed any competence at all was Kenneth Clark, and he's not really a new tory, his own party hates him because he tends to take a more moderate view on things like the welfare state and foreign policy (the only tory who opposed the invasion of iraq and one of the few who appears not to hate our European partners.)
Report Eternal optimist November 1, 2007 10:49 AM GMT
Okay guys if Brown was such a brilliant Chancellor what did he do that wasn't already being done by Clarke.

Don't be shy. Tell us about this slayer of dragons.
Report Eternal optimist November 1, 2007 10:50 AM GMT
I'll start us off:

He spent our money on unreformed public services and instead of a bang he got a phutt for his buck.
Report Eternal optimist November 1, 2007 11:02 AM GMT
Come on cryoftruth.

Throw some of those tears ten gulps way.
Report Eternal optimist November 1, 2007 11:02 AM GMT
Crippen?
Report Eternal optimist November 1, 2007 11:03 AM GMT
Snooker?
Report Eternal optimist November 1, 2007 12:15 PM GMT
Come on guys your books must surely have thrown something up by now.

After all, credit where it is due.
Report Isle of Tights November 1, 2007 12:27 PM GMT
They tend to shut up when they have to produce something credible.
You'll probably die waiting for an answer.
Report Dr J November 1, 2007 12:32 PM GMT
You'll probably die waiting for an answer.

We can but hope.

:)

Perhaps another reason why EO's questions get ignored is because it's more fun to watch him get agitated (and, ultimately, implode) when everyone blanks him.
Report Isle of Tights November 1, 2007 12:32 PM GMT
Very mature.
Report Eternal optimist November 1, 2007 12:51 PM GMT
IOT

It is amazing isn't it? All these New Labour keyboard warriors silenced by such a simple question.

You would have thought they would have been falling over themselves to do their master justice.

As for Dr J he isn't worth a squirt of pi55.
Report Isle of Tights November 1, 2007 12:53 PM GMT
Certainly full of the other end stuff, though!
Report Eternal optimist November 1, 2007 4:46 PM GMT
And still they hide away.

I hope ten gulps isn't expecting our resident light weights to join him in the trenches.
Report Eternal optimist November 1, 2007 4:47 PM GMT
Dr J

If you think I get agitated by anything you do then you are deluded. It is all one big game.

Nobody loses anything.

Unless you count your bottle and reputation.
Report charlatan November 1, 2007 5:00 PM GMT
name me a better chancellor of the last 30 years

clarke
Report treetop November 1, 2007 8:12 PM GMT
Unfortunately Clarke also had the habit of announcing tax rises that would take effect by stealth later in his term (and after it in fact). Brown admired this style so much he took it onto a new level.
Report potlis November 1, 2007 9:59 PM GMT
Come on, Brown's achievement's are there for all to see.
July 1997
01 Mortgage Interest Tax Relief At Source (MIRAS) reduced from 15% to 10%
02 Dividend Tax Credits for pension schemes abolished
03 Income tax relief on health insurance abolished
04 Insurance Premium Tax extended to some health insurance
05 Road Fuel Tax escalator increased to 6%
06 Vehicle Excise Duty increased
07 Tobacco duty escalator increased to 5%
08 Stamp Duty raised to 2%
09 Carry back of Corporation Tax losses limited to 1 year
10 Windfall tax on utilities
March 1998
11 Tax relief for the married couple's allowance (MCA) cut to 10%
12 Top rate of Insurance Premium Tax extended to travel insurance
13 Exceptional increase in tobacco and alcohol duties
14 Duties on casinos and gaming machines raised
15 Road Fuel Tax escalator increase brought forward
16 Tax on company cars increased
17 Tax relief on foreign earnings abolished
18 Tax concessions for certain professions abolished
19 Capital gains tax imposed on certain non-residents
20 Restriction of Capital Gains Tax relief on reinvestment
21 Corporation tax payments on account brought forward
22 Stamp duty increased again
23 Certain hydrocarbon duties increased
24 Additional diesel duties introduced
25 Landfill Tax increased
26 Double tax credits on certain dividends restricted
March 1999
27 National Insurance Contributions earning limit raised
28 NI Contributions for self-employed increased
29 Tax relief of Married Couple's Allowance abolished
30 MIRAS abolished
31 Self-employed contractors to pay NI and income tax as if employees
32 Company car business mileage discount limited
33 Double escalator on tobacco duties
34 Insurance Premium Tax increased to 5%
35 Vocational training relief abolished
36 Employer NI Contribution base broadened to include all benefits in kind
37 VAT on some banking services increased
38 Tax on reverse premiums paid to tenants by landlords introduced
39 Duty on domestic fuel oils up
40 Vehicle Excise Duty for lorries increased
41 Landfill tax escalator introduced
42 Stamp Duty rates raised again to 2.5/3.5%
March 2000
43 Tobacco duties increased above inflation
44 Stamp duty raised for 4th time, scope of duty extended
45 Extra taxation of life assurance companies
46 Rules on tax havens tightened up
47 Company car taxes raised
2001
The Chancellor gives the exhausted nation a year off no new stealth taxes!
April 2002
48 Personal tax allowances frozen
49 National Insurance threshold frozen
50 NI Contributions for employers raised
51 NI Contributions for employees raised [Class 1 up 1%]
52 NI Contributions for self-employed raised
53 North Sea taxation increased
54 Duty on some alcoholic drinks raised
55 Stamp duty thresholds frozen
56 Tax relief on investment in film industy restricted
57 Rules on corporate debt tightened
58 Nil-rate threshold for inheritance tax raised by less than the rate of inflation
April 2003
59 VAT imposed on electronically supplied services
60 Domestic staff on 89/week to pay NI & income tax, employers to pay NI
61 Betting duty increases
62 Tax on red diesel and fuel oil increased
63 Anti-tax haven rules tightened to cover more UK firms with Irish subsidiaries
64 Vehicle excise duty raised
65 Personal tax allowances frozen again
July, 2003
66 35 added to all fines and 3 added to the cost of a home insurance policy
September, 2003
67 Price of petrol raised 7p per gallon (with the VAT)
October, 2003
68 Up to 8 times increase in the stamp duty on leases for retail premises
69 Airport Tax doubled
December, 2003
70 40% extra Council Tax on second homes was sneaked in while the Westminster Wonders were breaking up for their hols a whole week before Xmas.
Additional info : It has been pointed out that a number of councils gave an even bigger discount for second homes and the increase for some people can be 80%. Plus the usual 6-18% annual rise, depending on how bloated the council's operations have become.
Exemptions may be granted if the second home owner (1) has to live somewhere because of his/her employment, (2) the dwelling comes with the job, or (3) there are special threat/security reasons involved. All of which excuses apply to 10, Downing Street, the home of a certain Mr. Anthony B. Liar. (Thanks to M.K.)
January, 2004
71 60 per day fine for late submission of self-assessment income tax forms
72 Traffic wardens to receive powers to impose fines for a whole bunch of offences to keep poor people off the roads. The offences will include parking more than 19 inches from the kerb (100) and dithering by people who are lost over, and who don't know whether to make a turn or keep straight on
73 A 'Victims Fund' surcharge fine on everyone who passes through the courts. 5 for speeding up to 30 for murder.
74 Legal Aid for the middle classes abolished
February, 2004
75 40 per week charge to middle-class parents for formerly free nursery places
76 200 per year charge to middle-class parents for places on formerly free school buses
77 250 per hour charge from the fire brigade for non-fire-related call-outs, e.g. clearing up after road accidents and rescuing pussy cats from trees
March, 2004
78 550 tax rise (at standard rate) for people using a company van or people-carrier out of work time
79 Council Tax will rise at least 7.4% next year (according to the Budget)
80 The tax incentive for owner-operator small businesses to become companies abolished
81 Tax on cross-border payments for goods and services between multi-divisional companies extended to transactions within the UK
82 Tax on trusts up from 34% to 40%
83 Duty on red diesel up 1p/litre above inflation (57% rise)
84 Duty on liquefied petroleum gas (LPG) used as fuel up 1p/litre above inflation (45% rise)
85 Personal allowances for taxpayers under 65 frozen
April 2004
86 PEPs and ISAs containing shares lose their tax break on dividends and the annual ISA allowance cut by 2,000 to 5,000
87 The 100% tax allowance for small businesses & self-employed on new computer/advanced telephone equipment cut to 50% for 2004/5 tax year
88 Passports in addition to costing twice as much as the present price of 42, the new 'biometric data' passports will be valid for half as long. They will have to be renewed every 5 years instead of every 10 years, which doubles the cost yet again.
89 100 per year 'lighthouse tax' on small boats over 8 metres long. Commerial shipping lines think they should pay 2.6million per year towards the annual 73million cost of maintaining lighthouses and navigational equipment.
May 2004
90 Council Tax bills to rise a further 110 in the affected areas to pay for 'Two Jags' Prescott's regional assemblies
91 Repeat prescriptions : They last only 56 days now. Previously, they lasted up to 112 days so costs for some people have doubled. The logic, apparently, is that people often don't take all of their tablets; BUT it still means that those who do have doubled costs. And it means twice the work for hard-pressed GPs.
92 Vehicle Insurance Premiums : In 1999, the law was changed to let NHS trusts reclaim treatment costs from motor insurance companies in cases where fault had been established and compensation paid. Insurance premiums have risen by at least 5 per year to pay for the charging regime.
Before 1999 hospitals could only recoup 21 from road accident victims towards the cost of their treatment. The 1999 act set fixed rates of more than 400 per day for patients who were not admitted, and more than 500 for those forced to stay in hospital.
In March 2004, the rates were raised, allowing hospitals to recover up to 34,800 per case. As a result some major hospitals are now claiming more than 500,000 a year from insurance companies. In effect, patients are now paying twice for the NHS through both taxes and increased insurance premiums.


etc,etc, you get the drift.
Report the loser November 1, 2007 10:12 PM GMT
Potlis : A rather thorough analysis, I'm afraid. The quoting of complex facts will cause confusion and bewilderment within the Brown Tongue and Brown Trouser cliques that currently inhabit Brown's back passage.

The best we can expect is probably :

' Nasty Torys'
Report Docwise November 1, 2007 10:36 PM GMT
Economics seems like an area where it is much easier to c0ck it up than to do something genuinely positive. Accounts of economic disasters are legion but it's quite difficult to think of policies that have been unanimously praised by history. The Marshall Plan springs to mind but not much more.

On that basis I guess it is an achievement to be in charge for ten years with no catastrophes - but it's true that we'll only know that for sure after a few years. Could easily be trouble stored up for later.
Report Eternal optimist November 1, 2007 10:49 PM GMT
Docwise

Surely the point is that if you steal another Chancellor's policies which have been working for the last four years it is chicanary of the highest order to then pass them off as your own.

Now perhaps Brown is a great Chancellor as so many of our resident sages suggest but managing to keep the good ship economy pointing in the general direction you inherited is hardly earth shattering.

So apart from spending like a sailor on shore leave who has just found a great big fat wallet what else has he done which wasn't already being down by Clarke?

We have had one contribution relating to the Bank Of England and the jury seems to be out on that one. However, even if we are charitable one would have to question whether that is evidence of his greatness in that he passed the buck to somebody else because he didn't feel qualified to take the responsibility.

Perhaps we should credit him with a greater degree of insight into his own incompetence than most of his colleagues. Perhaps if we set the bar low enough he really is great.
Report Docwise November 1, 2007 11:17 PM GMT
EO - I wasn't trying to defend the idea that Brown was a great chancellor. It does seem that he benefited from both the global economic upturn and from continuing Clarke's policies. I was just responding to the original poster who said everything that Brown has done has been a failure - given the record of many previous chancellors, I don't think he belongs in that category. If Brown was a complete failure then I don't know how you could describe Norman Lamont.
Report charlatan November 2, 2007 1:38 AM GMT
a hostage to someone else's bad decisions. just like darling......
Report CHIPPIE IN BLACKPOOL May 23, 2008 12:16 AM BST
Resigning then is he? ;)
Report CHIPPIE IN BLACKPOOL May 23, 2008 8:48 AM BST
Edward Timpson (Con) 20,539 (49.49%, +16.93%)
Tamsin Dunwoody (Lab) 12,679 (30.55%, -18.29%)
Elizabeth Shenton (Lib Dem) 6,040 (14.55%, -4.03%)
Report CHIPPIE IN BLACKPOOL July 24, 2008 11:48 PM BST
:D :D
Report Chippie in Whitehall September 2, 2008 12:40 AM BST
I wonder when the Bottler will resign then......
Report flatliner September 2, 2008 1:09 AM BST
Nice,cryofPravda, who else could get Pinochet into this? lol lol.
Report kohaku September 2, 2008 5:47 AM BST
snooker punter 01 Nov 00:27


name me a better chancellor of the last 30 years

lol


Its been systematically eroding for the last 30 yrs. To the sh1thole its becoming.
Report Chippie in Whitehall September 5, 2008 10:15 AM BST
Bottler Brown rules out energy bill payments

Bottler Brown has ruled out giving cash handouts to families struggling with the cost of rising energy bills, it has emerged.



Bottler Brown explains what his government are planning to do to help families with rising energy bills.
There had been speculation that ministers would unveil plans to give households up to £100, following in-depth talks with energy companies.

But Government sources have now said that they are focusing on long-term proposals including support for energy efficiency measures.

In a speech to the Scottish CBI in Glasgow tonight, Bottler Brown said there would be no
Report Mister E September 5, 2008 10:30 AM BST
snooker punter 01 Nov 00:27


name me a better chancellor of the last 30 years

:-)
Report Arsenal Oldie September 5, 2008 9:08 PM BST
Brown will go down as the worst Chancellor we ever had.

Booomm, and then bussst........


But the dumb electorate voted for him, and this is the result.
Report Chippie in Whitehall September 10, 2008 1:48 PM BST
snooker punter 01 Nov 00:27


name me a better chancellor of the last 30 years




Errrr, any of them.
Report melv September 10, 2008 1:52 PM BST
OK snooker You're a better chancellor in the last 30 years.
Report CHIPPIE IN BLACKPOOL September 17, 2008 5:52 PM BST
It appears, Bottlers, bottlers are beginning to feel the same way.....


Goodbye Bottler.
Report Do wah Diddy September 17, 2008 5:57 PM BST
ORDER,ORDER,ORDER, I SAY
Report Chippie in Whitehall February 14, 2009 4:39 PM GMT
Bottler to resign then?
Report Lampus February 14, 2009 5:25 PM GMT
Failure will not be tolerated you will be sent to the house of Lords with a fat Bonus
so take that you nasty failures
Report Arsenal Oldie February 14, 2009 5:28 PM GMT
bottler is the worst chancellor since the war.

stoked a boom that has led to misery for millions.

the great thing is that because he is now our "unelected" pm, he gets to suffer publicly as his idiocy is laid bare.

labour's failure to sack him last autumn was a terrible mistake from their perspective.
Report stewarty b February 14, 2009 5:32 PM GMT
Spot on AO.
Report susie February 14, 2009 6:39 PM GMT
snooker punter 01 Nov 00:27


name me a better chancellor of the last 30 years


;-)
Report Chippie in Whitehall February 17, 2009 11:32 AM GMT
Correct, AO.
Report LendUsAFiver February 17, 2009 12:11 PM GMT
An artificial boom a very real bust.
Report Chippie in Whitehall May 31, 2009 5:57 PM BST
:|
Report treetop May 31, 2009 6:50 PM BST
You said it Lampus ! Ths must be the only weapon in bottler's armoury at present. Be disloyal to me and i won't give you a chance in my final big payday,an outgoing list for the Lords !
Report Chippie in Whitehall June 1, 2009 6:10 PM BST
If failure will not be tolerated will the Bottler resign if the Liars don't hold second place on Thursday?
Report treetop June 1, 2009 6:42 PM BST
They could be lucky to hold onto 3rd place on Friday morning.
Report Chippie in Whitehall June 2, 2009 9:15 AM BST
18% now in some polls. LOL.
Report Chippie in Whitehall June 8, 2009 2:28 PM BST
I'm surprised the Bottler can tolerate himself.
Report Chippie in Whitehall November 13, 2009 3:51 PM GMT
Only G7 country left in recession.
Is that considered failure?
Report noddys ryde November 13, 2009 4:24 PM GMT
We will be lucky to still be in the G20 by the time the bottler is lobbed out.
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