So, who was impressed with the Ask the Chancellors programme last night?  Nope, nor me. The three of them – Darling, Osbourne and Cable – were utterly unconvincing and short on ideas.  Darling and Osbourne were more interested in getting their catchphrases out whilst ignoring Cable who actually came across as the most credible person [...]

Gordon Brown has plumbed new depths of diplomatic incompetence and financial illiteracy with the announcement that the UK will contribute £1.5bn to a £6.5bn fund for “poor” nations to combat climate change. The pre-budget report this week set out the bleak outlook for the economy – taxes are going up, £30bn of extra pre-election vote [...]

Gordon McBrown, the unelected Scottish British Prime Minister, has shown his commitment to inflicting global communism on the world’s population by using a meeting of the G20 in St Andrews to call for a global “social contract” for banks and “just distribution of risks and rewards”.  He’s also suggested a global tax on bank transactions [...]

British Airways has reported a £292m pre-tax loss for the last 6 months. The chief exec of BA says that revenue was down 13.7% in the last 6 months and next year it is likely to be £1bn less than last year.  On top of this, they are facing more strikes from staff unhappy at attempts [...]

El Gordo had an easy time for his decade as Chancellor with the global economy booming and he still managed to fuck the economy up. Today’s budget was a proper socialist budget – people who work for a living are going to see their tax burden go through the roof while unemployed people and the [...]

The BBC’s financial fraud, Robert Peston, has “predicted” that the Dunfermline Building Society could be bought by the Nationwide.  Like most of Peston’s “predictions”, it’s already old news by the time he makes his pronouncement. It was surprising that the Treasury didn’t bail out the Dunfermline because most of its branches are in El Gordo’s [...]

The following story graced the front page of Wednesday night’s Shropshire Star: MP’s bid for equal rights at factories Workers at a Japanese car part factory in Shropshire are not receiving the same state aid in the current economic climate as their Welsh counterparts, an MP has claimed. Shimizu UK has operations in Hortonwood, Telford, [...]

Good news!  The Royal Bank of Scotland has announced that it is going to use £1.7bn of the magic money the Bank of England invented to issue new mortgages.  But only in Scotland. RBS is, I imagine, keen to reassert its Scottish credentials now that the “English” government owns most of it.  How ironic that [...]

Alistair Darling has said that injecting more taxpayers money into the banking sector “is not your first port of call”. Well thank fuck for that because printing a few billion extra pound notes just isn’t an option.  Darling has already handed over £50bn to the biggest banks and £200bn to the Bank of England for [...]

I know it’s hard to believe but it appears that being a Scottish bank hasn’t, as previously thought, been a good enough reason for investors to plough their life savings into a bankrupt Royal bank of Scotland. Go figure. RBS had another bumper rights issue as part of the deal with the devil Alistair Darling [...]

The Bank of England has reduced the headline rate of interest by 1.5% to 3% – the lowest rate in 53 years, apparently. All of which is good news to those people struggling to pay the stupid mortagages on their stupid houses that they can’t afford to pay.  Assuming, that is, that the banks pass [...]

The governer of the Bank of England has said that we might be entering into recession which is don’t panic the plebs code for “shit, how am I going to keep up the payments on my yacht”.  Of course we’re in a recession, we’ve known for months that it was starting and that things were [...]

Well, what a bumper day this has been for letters. First of all there’s this one in the Shropshire Star, in response to the council announcing that they’re going to put in average speed cameras on one of the safest roads, relatively speaking, in the borough: Average speed trap not fair for motorists Councillor Bentley [...]

The Bank of England is loaning £100m to the UK arm of Landsbanki so that it can repay its UK customers. Landisbanki was nationalised by the Icelandic government last week and its UK arm closed down leaving customers here unable to access their money. The Icelandic foreign minister has responded to the economic problems there – national [...]

For the last year or so El Gordo has been encouraging fuel prices to increase, rubbing his hands gleefully at the prospect of an extra few billion in bonus cash flowing into the slush fund. But now the arse has fallen out of the economy and he’s spent a decade’s worth of slush fund on bailing out [...]

Alistair McDarling has announced details of his master plan to save the banking sector.  He’s going to loan them 50% of the GDP of the UK. I kid you not.  The taxpayer is stumping up £50bn now for the eight biggest banks and building societies and another £200bn is being given to the Bank of England for [...]

Lehman Brothers, the third largest investment bank in the US, has gone bust. The US authorities refused to bail them out because Lehman hadn’t taken advantage of previous chances to sort themselves out. The word on the (Wall) street is that the regulators were making an example of Lehman to show American banks they aren’t [...]

I’m in the strange situation of feeling sorry for Alistair Darling.  Yes, he’s a fucking cretin.  Yes, he looks like like he’s got two caterpillars on his face.  Yes, he’s one of the English-hating jocks who signed the Scottish Claim of Right and then done what they can to make sure that England gets screwed [...]