The mere prospect of Gordon Brown remaining as Prime Minister in a hung Parliament meant that the pound collapsed.

If the mere prospect of five years more of Brown sends the markets downhill, what damage would five more years do?! As the world’s buiggest bond funs manager, Pimco, says, we need drastic action to deal with government debt. Which only the Conservatives will do.
Labourites often accuse the Conservatives of “talking down the economy/pound”. This proves that campaigning for Labour and talking up their chances are the ones talking down the economy…. …

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Video | Conservative policies to sort out our economy

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Just like unemployment barely fell, the economy barely recovered over the last quarter – initial figures show that it grew by 0.1%. After falling 4.8% during 2009. Wow what a difference that made!
A rise of 0.1% is tiny. And well within the margin of error. But even as it is, the UK is the last major economy to emerge from recession, with Germany, France, Japan and the US all having recovered last year, so as long ago as six months.
That we have suffered the longest ever recession is down to …

We all know that Labour have drowned us in debt. The Conservatives made this point earlier in the year. And after the Pre-Budget Report last year (twice).
And now they have beamed it onto the Battersea Power Station for all to see:

Yes, it really does say £847,944,109,826. Up from £665,636,042,088 last year. An increase of £182,308,067,738 in just one year (assuming I’ve got my sums right…)!
And it’s going up by £5,500 every second!

The OECD are claiming that we may be over the worst of the recession because there are “tentative” signs of a slower pace of decline.
You what? Since when has the possibility that the decline might be slowing down counted as being over the worst? We’re not over the worst until the economy starts to grow again and we’re coming out of the trough. Until then, it’s still getting worse – just not quite so fast.
Why do various groups insist on declaring that there are “green shoots” when the economy is …

Today’s Budget was most certainly a political one, a set-up for the general election that must be held between now and this time next year. It contains little to actually get us out of the recession we’re in, and a lot that will just bury us in debt.
The Good

Annual limit for tax-free ISAs to rise to more than £10,200 for over-50s this year and for everyone else next year. Of that amount £5,100 can be saved in cash.

This is actually a measure that will help people and encourage saving. What …

… says two thirds of the electorate.
Rather than the Labour Party way of taxing, spending, borrowing, taxing and then spending some more, people are seeing through the false benefits of this and seeing the long-term damage that they have caused.
Britain didn’t save any money when times were good and the economy thriving. In fact, the opposite action was taken. Instead of fixing the roof whilst the sun was shining, Labour let rooftiles fall off and foundations rot, but put in new luxury carpets.
Now we are paying for it. Suffering badly …

Gordon Brown is revolutionising the aims of the G20 summit with his statement that the aim of the G20 must be to act on the economy.

We will have to take action in London to make sure that the banking system is reformed, to ensure ourselves that our financial institutions can come to the aid of the poorest countries and to make sure that we do what is necessary to ensure that there is strong growth and recovery and particularly jobs in the world economy as a result of the actions …

Everyone has read the standard “economic model in cows” analogy. If you haven’t, where have you been?!
But this is a new, very specific, entry:
ROYAL BANK OF SCOTLAND VENTURE CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equityswap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman …

Gordon Brown has finally sort-of apologised for screwing up our economy, saying:

I take full responsibility for all my actions

So far, so good. But then he screws it up by carrying on talking:

but I think we’re dealing with a bigger problem that is global in nature, as well as national.

Yes the recession is global, but we’re suffering more than most other nations. Who else apart from America has had to nationalise so many banks? Who else has had such stupid and ineffective economic mismanagement to get us out of it? Only …