politicalbetting.com » Blog Archive » The share of the GB vote required for an overall majority – your interactive checker
The above is based on data from Professor John Curtice on what vote leads LAB and CON require to put them over the threshold of 326 to win an overall majority at GE2015.
Repost of the vital matter of F1 tyres: F1: Red Bull continue to whine. Pirelli has modified one tyre (the hard compound) and left the rest unchanged: http://www.bbc.co.uk/sport/0/formula1/22290968
Tyres for the next 3 races are: "In Spain, the hard and medium will be used; in Monaco the soft and super-soft; and in Canada the medium and the super-soft. "
Mostly written the early mini-review of the season to date. I plan to post that early next week on pb2.
Really this is all so irrelevant as to be tiresome, the election is 2 years away, you can only start properly predicting about 2 months before but even then its dodgy.
Does anybody know of any reputable data that has ever showed that crime is rising in the UK?
Ever?
Sure, the British Crime Survey showed crime rising for much of its early years (it was created in early Thatcher), peaked around 94/95 ish and declined since then.
Does anybody know of any reputable data that has ever showed that crime is rising in the UK?
Ever?
Sure, the British Crime Survey showed crime rising for much of its early years (it was created in early Thatcher), peaked around 94/95 ish and declined since then.
A member of the notorious 'hacktivist' group Anonymous UK raped a woman twice inside the Occupy London camp, a court heard. Malcolm Blackman, 45, allegedly took advantage of the woman, aged in her 40s, after she passed out drunk in her tent on the steps of St Paul's Cathedral. In another incident he tied her hands behind her back with cable ties before forcing himself on her, jurors heard.
Does anybody know of any reputable data that has ever showed that crime is rising in the UK?
Ever?
Sure, the British Crime Survey showed crime rising for much of its early years (it was created in early Thatcher), peaked around 94/95 ish and declined since then.
So falling for almost 20 years, ok cheers.
Well, in long term trends yes. I can't remember if there were some short term upticks along the way.
Fear of crime has increased as actual crime has declined.
Mr. Corporeal, I wonder if that ties in with the worsening balance of good/bad news in the papers. There seems to be such a strong focus on the negative now that it could explain the increasing fear of crime as crime itself is in decline.
A negative GDP figure today – or even a slightly positive one – would have left the Chancellor with little ammunition left to defend himself. Over the past few weeks he’s been battered by the International Monetary Fund, embarrassed by the Excel scandal that’s upended the Reinhart & Rogoff research he used to help justify his austerity policies and disappointed by the fact that the public finances barely recovered at all last year – in underlying terms, at least. Had today’s figure been negative it would have made it far more likely that the IMF would have delivered a withering verdict of the UK economy in its annual survey of the country next month. The Chancellor would have gone into the spending review a weakened figure. Today’s 0.3% doesn’t change everything but it does remind us that the economy may not be as much of a basket case as many people had assumed.
I did say in January that I thought there was a good outside chance that growth in this calandar year may well exceed 1%. I think this is very likely now.
The economy is clearly starting to turn and the Coalition are finally addressing the credit issue with their various schemes. Could have been faster if they had bitten the poison capsule of our nationalised banks earlier and this still needs to be done urgently but I think we will see modest growth from here, just possibly picking up at the end of the year.
Will this affect polling? Not yet but Q2 may see the start of a turn.
Hmm. Just idly checking my blog stats (I don't do it too often) and was surprised to see that most hits today came from Iran. Bit unexpected.
When blogging - I found some very strange places where mine was popular - went through a phase when Zambia was particularly keen - I put it down to one ex-pat liking it and emailing a post onwards to fellows.
My tweets are particularly popular amongst sailing nuts and rugby players - since I post about neither, I assume the same is true...
Mr. Corporeal, I wonder if that ties in with the worsening balance of good/bad news in the papers. There seems to be such a strong focus on the negative now that it could explain the increasing fear of crime as crime itself is in decline.
That's the general theory. If it bleeds it leads etc. And not just the papers but the media generally. I think the more in-depth breakdown is people all over the place think crime is rising, not in their area, but elsewhere.
The BCS have done long term trend reports you can find on google, some interesting stuff. I think the BBC did something a while back about how parents are far more restrictive of their children now, despite things being safer than ever.
The Dacre new version seems to want the proprietors to have the say on who is on the board. control of it's remit and appointments, whether it has fullfilled it's duty, editors setting the code of conduct and remove all that troublesome whistleblowing and public explanation stuff.
Now even the Americans think that Trident has to go -
"While the United States would like to be able to rely more on its European allies, many experts doubt that even the strongest among them, Britain and France, could carry out their part of another Libya operation now, and certainly not in a few years. Both are struggling to maintain their own nuclear deterrents as well as mobile, modern armed forces. The situation in Britain is so bad that American officials are quietly urging it to drop its expensive nuclear deterrent.
“Either they can be a nuclear power and nothing else or a real military partner,” a senior American official said."
@DavidL A couple of months ago I noted that this Parliament had been characterised by unexpectedly poor growth and unexpectedly good employment figures, and speculated that we might see the reverse this year, with unpredictable consequences for polling. It's still a tenuous hypothesis, but it hasn't been ruled out of court yet on either front.
Miss Plato, an uncouth fellow might make a joke about seamen and hookers, but I am far too civilised to do such a thing
Indeed, Mr. Corporeal. It's ironic that staying inside and fiddling with gadgets has all the associated virus risks as well as the off-chance of a 43 year old chap pretending to be a 12 year old girl.
I don't know if it's been mentioned yet, but there's going to be a Scottish parliamentary by-election in Aberdeen Donside. The very popular SNP MSP Brian Adam has died.
Could you translate for me please. I don't speak legalese
There will first be a hearing to decide what the meaning of her tweets was, and (assuming that the court decides that the meaning was something disobliging), a second hearing to decide how much she should pay up. She wanted it all to be done in one hearing.
It seems an odd thing for her lawyers to go to court over, but anyway they failed.
Now even the Americans think that Trident has to go -
Actually, from reading the article, the US seem more concerned that Europe is losing its taste for military intervention meanaing that the US can no longer go to war under the cover of "international cooperation".
Given the history of the 20th Century, you would think that a reduction in militarism in continental Europe would be a cause for celebration.
You would think so, although the trouble with by-elections is that the distinction between Holyrood and Westminster contests can sometimes get lost. The SNP don't hold the equivalent seats at Westminster.
@RichardNabavi I imagine that her lawyers felt that there was a fair chance that she would lose on the point of law but that the damages awarded would be relatively low if the two points were decided together. If the trial is split in this way and Lord McAlpine wins on the point of law, Sally Bercow then has to decide whether to roll the dice on stage two knowing that she's going to lose - it just being a question of how badly - or to settle with Lord McAlpine on the terms that he has already offered. And it would be presentationally unattractive to go to the second stage saying in effect "OK, I libelled him but I shouldn't have to pay that much."
I don't know if it's been mentioned yet, but there's going to be a Scottish parliamentary by-election in Aberdeen Donside. The very popular SNP MSP Brian Adam has died.
I've no idea if they'll bother standing in the by-election, but they didn't stand in the constituency at the 2011 election. The National Front stood, and got 0.8% of the vote.
I don't know if it's been mentioned yet, but there's going to be a Scottish parliamentary by-election in Aberdeen Donside. The very popular SNP MSP Brian Adam has died.
You would think so, although the trouble with by-elections is that the distinction between Holyrood and Westminster contests can sometimes get lost. The SNP don't hold the equivalent seats at Westminster.
RIP to Adam.
SNP majority in 2011 was 26.9% IIRC Adam first won the FPTP seat (Aberdeen North at the time) in 2003.
In 2012 locals, the 5 wards entirely included in Donside showed 7,155 first prefs for SNP, 5,675 for Lab. There is a 6th ward which is split with Central. Overall it was marginally Labour, but I don't know if its political colours vary within the ward.
I don't know if it's been mentioned yet, but there's going to be a Scottish parliamentary by-election in Aberdeen Donside. The very popular SNP MSP Brian Adam has died.
Do UKIP compete in these elections?
Is there a lap dancing club in Aberdeen Donside?
If not, why not? Aberdeen Donside residents being treated like 2nd class citizens. Vote UKIP!
In the thread discussing the average UKIP % in recent local by-elections, Richard Nabavi asked how many wards they didn't contest. So I made him a list of detailed UKIP performances...and IIRC the Scottish by-elections were the lowest shares (but they were Lanarkshire contests)
O/T The subbing on The Daily Mail website leaves a lot to be desired. There is a lead story about the boyfriend of a model who was hit by a bus and, according to The Mail, is now in "intensive car."
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Jorge no tiene cojones.
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Il Jorge no tiene cojones.
Now don't piss on the parade, Mr. Brooke. George is having a very good day.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
Posted that earlier. The taxpayer gets to pay twice, once to subsidise BTL landlords mortgages and again with rising housing benefit claims as rents are forced up. Oh, and first time buyers get priced out
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
With Adam's death, I think just 35 MSPs served continuously since 1999....you can add Richard Lochlead who missed few weeks ahead of the Moray by-election (and Mary Scanlon some months between the by-election and the general election):
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Il Jorge no tiene cojones.
Now don't piss on the parade, Mr. Brooke. George is having a very good day.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
What is there to complain of?
Is it raining in Warwickshire?
How's it a good day for him ? He hasn't actually done anything much to assist the economy. 0.3% growth when borrowing is stubbornly refusing to decline is nothing to boast about. Any recovery is despite his efforts not because of them, blues just simply have to accept that if Gordon Brown was Dr Evil, then Osborne is Mini-me.
Tim Shipman tweets: "Given that the only papers that make any money in this country won't fund the stitched up regulator, who do Hacked Off imagine is going to?"
Posted that earlier. The taxpayer gets to pay twice, once to subsidise BTL landlords mortgages and again with rising housing benefit claims as rents are forced up. Oh, and first time buyers get priced out
You are deliberately misunderstanding, tim.
The banks are currently not lending enough because they are reducing their loan books to meet the additional capital adequacy requirements required by the Prudential Regulation Authority division of the Bank of England.
Until the banks are recapitalised by injection of market capital (who will do this?) or by other extraordinary monetary intervention (BoE exchanges mortgage books for 'cash'), this logjam won't be freed.
So the FLS is designed to provide banks with additional and interim funds for lending to UK business and households, thereby supporting growth in the economy.
FLS can be wound down after the banking sector has been restructured and the current capital constraints no longer apply. While it operates it will recover its costs through fees charged by the BoE to the banks. This means it will have no immediate or direct impact on taxpayers: the additional borrowing is funded.
The fact that banks now have funds to lend does not mean that the BTL landlord is subsidised. It just means there is now a supply of credit on commercial terms to meet demand.
On housing benefit, as I too posted earlier, the additional costs of payments to tenants in state owned property will increase government expenses but also increase the asset values of the property held. So this measure should (broadly) be fiscally neutral.
Once state owned multi-occupier property earns market rents and is valued at market prices, it becomes liquid, enabling sale from government to private ownership thereby reducing both local and central government borrowing, all to the benefit of taxpayers and the UK economy as a whole.
So your accusation of a double taxpayer whammy is singularly shammy.
Tim Shipman tweets: "Given that the only papers that make any money in this country won't fund the stitched up regulator, who do Hacked Off imagine is going to?"
Two beards?
I know who "two beards" refers too, but I have no idea why. Google was no help, so can one of you bright people help me out?
Posted that earlier. The taxpayer gets to pay twice, once to subsidise BTL landlords mortgages and again with rising housing benefit claims as rents are forced up. Oh, and first time buyers get priced out
You are deliberately misunderstanding, tim.
The banks are currently not lending enough because they are reducing their loan books to meet the additional capital adequacy requirements required by the Prudential Regulation Authority division of the Bank of England.
Until the banks are recapitalised by injection of market capital (who will do this?) or by other extraordinary monetary intervention (BoE exchanges mortgage books for 'cash'), this logjam won't be freed.
So the FLS is designed to provide banks with additional and interim funds for lending to UK business and households, thereby supporting growth in the economy.
FLS can be wound down after the banking sector has been restructured and the current capital constraints no longer apply. While it operates it will recover its costs through fees charged by the BoE to the banks. This means it will have no immediate or direct impact on taxpayers: the additional borrowing is funded.
The fact that banks now have funds to lend does not mean that the BTL landlord is subsidised. There is no supply of credit available on commercial terms to meet demand.
On housing benefit, as I too posted earlier, the additional costs of payments to tenants in state owned property will increase government expenses but also increase the asset values of the property held. So this measure should be broadly fiscally neutral.
Once state owned multi-occupier property earns market rents and is valued at market prices, it becomes liquid, enabling sale from government to private ownership thereby reducing both local and central government borrowing, all to the benefit of taxpayers and the UK economy as a whole.
So your accusation of a double taxpayer whammy is singularly shammy.
It's still 15 - love to tim and you've just double faulted.
Tim Shipman tweets: "Given that the only papers that make any money in this country won't fund the stitched up regulator, who do Hacked Off imagine is going to?"
Two beards?
I know who "two beards" refers too, but I have no idea why. Google was no help, so can one of you bright people help me out?
The Urban Dictionary has a suggestion....others have said its an obscure Russian joke, which they don't understand....
Posted that earlier. The taxpayer gets to pay twice, once to subsidise BTL landlords mortgages and again with rising housing benefit claims as rents are forced up. Oh, and first time buyers get priced out
You are deliberately misunderstanding, tim.
The banks are currently not lending enough because they are reducing their loan books to meet the additional capital adequacy requirements required by the Prudential Regulation Authority division of the Bank of England.
Until the banks are recapitalised by injection of market capital (who will do this?) or by other extraordinary monetary intervention (BoE exchanges mortgage books for 'cash'), this logjam won't be freed.
So the FLS is designed to provide banks with additional and interim funds for lending to UK business and households, thereby supporting growth in the economy.
FLS can be wound down after the banking sector has been restructured and the current capital constraints no longer apply. While it operates it will recover its costs through fees charged by the BoE to the banks. This means it will have no immediate or direct impact on taxpayers: the additional borrowing is funded.
The fact that banks now have funds to lend does not mean that the BTL landlord is subsidised. There is no supply of credit available on commercial terms to meet demand.
On housing benefit, as I too posted earlier, the additional costs of payments to tenants in state owned property will increase government expenses but also increase the asset values of the property held. So this measure should be broadly fiscally neutral.
Once state owned multi-occupier property earns market rents and is valued at market prices, it becomes liquid, enabling sale from government to private ownership thereby reducing both local and central government borrowing, all to the benefit of taxpayers and the UK economy as a whole.
So your accusation of a double taxpayer whammy is singularly shammy.
It's still 15 - love to tim and you've just double faulted.
Hugo Rifkind: "Now newspapers have produced a rival royal charter, I'd dearly like to see Hacked Off's best effort at producing an actual rival newspaper."
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Il Jorge no tiene cojones.
Now don't piss on the parade, Mr. Brooke. George is having a very good day.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
What is there to complain of?
Is it raining in Warwickshire?
How's it a good day for him ? He hasn't actually done anything much to assist the economy. 0.3% growth when borrowing is stubbornly refusing to decline is nothing to boast about. Any recovery is despite his efforts not because of them, blues just simply have to accept that if Gordon Brown was Dr Evil, then Osborne is Mini-me.
You are wrong to assume that borrowing is "stubbornly refusing to decline".
A cursory look at Tuesday's ONS Public Sector Finances bulletin will show that whilst the deficit rose above prior year levels during the middle two quarters of 2012, it fell most rapidly in the fourth quarter.
Now we know that continued deficit reduction has been possible on a quarterly growth rate of 0.3%, the fiscal mandate forecasts (deficit reduction and debt to GDP ratios) will be revised accordingly.
Obviously more time is needed to assimilate the recent information and its impact on medium term performance but the early indications, from the OBR report on the PSF figures, are that the Q1 borrowing figures were overstated (see all the stuff on accruals which I quoted on Wednesday).
The deficit reduction bus is not therefore stationary, Mr. Brooke. Nor too is it speeding. It is therefore safe for you to alight.
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Il Jorge no tiene cojones.
Now don't piss on the parade, Mr. Brooke. George is having a very good day.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
What is there to complain of?
Is it raining in Warwickshire?
How's it a good day for him ? He hasn't actually done anything much to assist the economy. 0.3% growth when borrowing is stubbornly refusing to decline is nothing to boast about. Any recovery is despite his efforts not because of them, blues just simply have to accept that if Gordon Brown was Dr Evil, then Osborne is Mini-me.
You are wrong to assume that borrowing is "stubbornly refusing to decline".
A cursory look at Tuesday's ONS Public Sector Finances bulletin will show that whilst the deficit rose above prior year levels during the middle two quarters of 2012, it fell most rapidly in the fourth quarter.
Now we know that continued deficit reduction has been possible on a quarterly growth rate of 0.3%, the fiscal mandate forecasts (deficit reduction and debt to GDP ratios) will be revised accordingly.
Obviously more time is needed to assimilate the recent information and its impact on medium term performance but the early indications, from the OBR report on the PSF figures, are that the Q1 borrowing figures were overstated (see all the stuff on accruals which I quoted on Wednesday).
The deficit reduction bus is not therefore stationary, Mr. Brooke. Nor too is it speeding. It is therefore safe for you to alight.
chortle, a beautiful analogy Mr Pole, but the bus is now running 2 years late because the driver spent so much time in the depot choosing furry dice and go faster stripes he forgot he was actually supposed to make the bus move. And he can never catch the time back.
O/T The subbing on The Daily Mail website leaves a lot to be desired. There is a lead story about the boyfriend of a model who was hit by a bus and, according to The Mail, is now in "intensive car."
Yes, that's the famous rugby player Danny Cipriani.
Apparently he's ok now, but the bus is a write-off.
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Il Jorge no tiene cojones.
Now don't piss on the parade, Mr. Brooke. George is having a very good day.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
What is there to complain of?
Is it raining in Warwickshire?
How's it a good day for him ? He hasn't actually done anything much to assist the economy. 0.3% growth when borrowing is stubbornly refusing to decline is nothing to boast about. Any recovery is despite his efforts not because of them, blues just simply have to accept that if Gordon Brown was Dr Evil, then Osborne is Mini-me.
You are wrong to assume that borrowing is "stubbornly refusing to decline".
A cursory look at Tuesday's ONS Public Sector Finances bulletin will show that whilst the deficit rose above prior year levels during the middle two quarters of 2012, it fell most rapidly in the fourth quarter.
Now we know that continued deficit reduction has been possible on a quarterly growth rate of 0.3%, the fiscal mandate forecasts (deficit reduction and debt to GDP ratios) will be revised accordingly.
Obviously more time is needed to assimilate the recent information and its impact on medium term performance but the early indications, from the OBR report on the PSF figures, are that the Q1 borrowing figures were overstated (see all the stuff on accruals which I quoted on Wednesday).
The deficit reduction bus is not therefore stationary, Mr. Brooke. Nor too is it speeding. It is therefore safe for you to alight.
chortle, a beautiful analogy Mr Pole, but the bus is now running 2 years late because the driver spent so much time in the depot choosing furry dice and go faster stripes he forgot he was actually supposed to make the bus move. And he can never catch the time back.
Considering the bus had been hurtling fast into a brick wall under the previous drivers Gordon and Alistair the fact its not crashed yet and is now in reverse is enough to satisfy me. Especially given we can look outside the bus windows to the hideous and mangled wreckages of Greece, Portugal, Italy, Spain, Cyprus etc and think "there but for the grace of George go I".
The UK's banks are being told to stick and twist at the same time. Lend more, but be much more conservative in your risk taking at the same time.
Meanwhile past lending is being hammered by misselling fines.
New players are nowhere to be seen because the regulatory barriers are very high, even though many companies have more cash than they know what to do with.
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
Why's that good ? It's an over complex scheme with the tax payer on the hook for Osborne's refusal to reform the banking sector. Il Jorge no tiene cojones.
Now don't piss on the parade, Mr. Brooke. George is having a very good day.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
What is there to complain of?
Is it raining in Warwickshire?
How's it a good day for him ? He hasn't actually done anything much to assist the economy. 0.3% growth when borrowing is stubbornly refusing to decline is nothing to boast about. Any recovery is despite his efforts not because of them, blues just simply have to accept that if Gordon Brown was Dr Evil, then Osborne is Mini-me.
You are wrong to assume that borrowing is "stubbornly refusing to decline".
A cursory look at Tuesday's ONS Public Sector Finances bulletin will show that whilst the deficit rose above prior year levels during the middle two quarters of 2012, it fell most rapidly in the fourth quarter.
Now we know that continued deficit reduction has been possible on a quarterly growth rate of 0.3%, the fiscal mandate forecasts (deficit reduction and debt to GDP ratios) will be revised accordingly.
Obviously more time is needed to assimilate the recent information and its impact on medium term performance but the early indications, from the OBR report on the PSF figures, are that the Q1 borrowing figures were overstated (see all the stuff on accruals which I quoted on Wednesday).
The deficit reduction bus is not therefore stationary, Mr. Brooke. Nor too is it speeding. It is therefore safe for you to alight.
chortle, a beautiful analogy Mr Pole, but the bus is now running 2 years late because the driver spent so much time in the depot choosing furry dice and go faster stripes he forgot he was actually supposed to make the bus move. And he can never catch the time back.
Considering the bus had been hurtling fast into a brick wall under the previous drivers Gordon and Alistair the fact its not crashed yet and is now in reverse is enough to satisfy me. Especially given we can look outside the bus windows to the hideous and mangled wreckages of Greece, Portugal, Italy, Spain, Cyprus etc and think "there but for the grace of George go I".
Oh to be so easily pleased. Was it not George who told us all is well and that his driving skills were second to none ? As a passenger you have the right to a refund.
The UK's banks are being told to stick and twist at the same time. Lend more, but be much more conservative in your risk taking at the same time.
Meanwhile past lending is being hammered by misselling fines.
New players are nowhere to be seen because the regulatory barriers are very high, even though many companies have more cash than they know what to do with.
That should read "past misselling is being hammered by fines ". As indeed it should be indeed we ought to beasking why the perpetrators aren't facing a jail sentence or a lifetime ban from the industry.
Comments
F1: Red Bull continue to whine. Pirelli has modified one tyre (the hard compound) and left the rest unchanged:
http://www.bbc.co.uk/sport/0/formula1/22290968
Tyres for the next 3 races are:
"In Spain, the hard and medium will be used; in Monaco the soft and super-soft; and in Canada the medium and the super-soft. "
Mostly written the early mini-review of the season to date. I plan to post that early next week on pb2.
http://blogs.channel4.com/factcheck/factcheck-is-crime-in-the-uk-on-the-rise/10102
Almost a master strategy in fact.
Nice interactive graph.
"The number crunchers have yet to find a way of including Ukip."
Be very interesting to see one with a UKIP voteshare. Eventually I presume.
But I'm sure the fact that the House of Lords is unreformed will be enough consolation for the Tories if this happens :-D
It's also very much in lib dems interests to hammer the Cons and Labour. Twas ever thus.
http://www.leftfootforward.org/2013/04/ed-miliband-should-listen-to-len-mccluskeys-real-message/
http://www.leftfootforward.org/images/2013/04/Len-McCluskey-graph.png
Sure, the British Crime Survey showed crime rising for much of its early years (it was created in early Thatcher), peaked around 94/95 ish and declined since then.
http://www.bailii.org/ew/cases/EWHC/QB/2013/981.html
Malcolm Blackman, 45, allegedly took advantage of the woman, aged in her 40s, after she passed out drunk in her tent on the steps of St Paul's Cathedral.
In another incident he tied her hands behind her back with cable ties before forcing himself on her, jurors heard.
http://www.dailymail.co.uk/news/article-2314595/Member-hacking-group-Anonymous-UK-raped-woman-Occupy-London-campsite-steps-St-Pauls.html
Whittingdale reacts positively to presses new Leveson proposals. Suspect Cameron will not be far behind. Lab/LD being outflanked. Again.
Fear of crime has increased as actual crime has declined.
*titters*
So I'm afraid there are far worse cases than merely a higher than expected lib dem voteshare.
http://www.cityam.com/blog/every-single-change-newspaper-press-charter
This is feeling very much like angels on pin-heads territory....
A negative GDP figure today – or even a slightly positive one – would have left the Chancellor with little ammunition left to defend himself. Over the past few weeks he’s been battered by the International Monetary Fund, embarrassed by the Excel scandal that’s upended the Reinhart & Rogoff research he used to help justify his austerity policies and disappointed by the fact that the public finances barely recovered at all last year – in underlying terms, at least. Had today’s figure been negative it would have made it far more likely that the IMF would have delivered a withering verdict of the UK economy in its annual survey of the country next month. The Chancellor would have gone into the spending review a weakened figure.
Today’s 0.3% doesn’t change everything but it does remind us that the economy may not be as much of a basket case as many people had assumed.
http://www.edmundconway.com/2013/04/gdp-finally-some-good-news/
I did say in January that I thought there was a good outside chance that growth in this calandar year may well exceed 1%. I think this is very likely now.
The economy is clearly starting to turn and the Coalition are finally addressing the credit issue with their various schemes. Could have been faster if they had bitten the poison capsule of our nationalised banks earlier and this still needs to be done urgently but I think we will see modest growth from here, just possibly picking up at the end of the year.
Will this affect polling? Not yet but Q2 may see the start of a turn.
My tweets are particularly popular amongst sailing nuts and rugby players - since I post about neither, I assume the same is true...
The BCS have done long term trend reports you can find on google, some interesting stuff. I think the BBC did something a while back about how parents are far more restrictive of their children now, despite things being safer than ever.
What a surprise.
Good luck defending that lot Cammie.
"While the United States would like to be able to rely more on its European allies, many experts doubt that even the strongest among them, Britain and France, could carry out their part of another Libya operation now, and certainly not in a few years. Both are struggling to maintain their own nuclear deterrents as well as mobile, modern armed forces. The situation in Britain is so bad that American officials are quietly urging it to drop its expensive nuclear deterrent.
“Either they can be a nuclear power and nothing else or a real military partner,” a senior American official said."
http://www.nytimes.com/2013/04/23/world/europe/europes-shrinking-military-spending-under-scrutiny.html?_r=0
Indeed, Mr. Corporeal. It's ironic that staying inside and fiddling with gadgets has all the associated virus risks as well as the off-chance of a 43 year old chap pretending to be a 12 year old girl.
Bev.
I'd settle for him just moving away from the centre-right.
Presumably that'll just be a safe hold?
It seems an odd thing for her lawyers to go to court over, but anyway they failed.
Given the history of the 20th Century, you would think that a reduction in militarism in continental Europe would be a cause for celebration.
Bev.
If the subtext of that article is true (that NATO doesn't have a meaningful future), then it's certainly something I celebrate.
Presumably that'll just be a safe hold?"
You would think so, although the trouble with by-elections is that the distinction between Holyrood and Westminster contests can sometimes get lost. The SNP don't hold the equivalent seats at Westminster.
I've no idea if they'll bother standing in the by-election, but they didn't stand in the constituency at the 2011 election. The National Front stood, and got 0.8% of the vote.
http://news.sky.com/story/1082906/boston-suspects-mother-us-took-my-kids
SNP majority in 2011 was 26.9% IIRC Adam first won the FPTP seat (Aberdeen North at the time) in 2003.
In 2012 locals, the 5 wards entirely included in Donside showed 7,155 first prefs for SNP, 5,675 for Lab. There is a 6th ward which is split with Central. Overall it was marginally Labour, but I don't know if its political colours vary within the ward.
http://www.spectator.co.uk/columnists/politics/8896281/a-rare-mood-of-unity-descends-on-the-tories/
http://www.thesun.co.uk/sol/homepage/news/politics/4903067/Thatcher-funeral-cost-just-36m-a-THIRD-of-reported-figure.html
https://maps.google.co.uk/maps?ie=UTF-8&q=lap-dancing+aberdeen&fb=1&gl=uk&hq=lap-dancing&hnear=0x4884054c1fd77549:0xe8bb05da5cf4c472,Aberdeen,+Aberdeen+City&view=text&ei=V0B5UceMI66d0wXH44GIAw&ved=0CDMQtQM
But the No2AV campaigners are still rightly furious about all the cute kittens that died as a result.
The Bank of England Funding for Lending Scheme (FLS) will permit banks access BoE funds to lend to Buy-to-Let Landlords, sometimes disingenuously labelled as "second home owners" by Balls.
FLS will offer funds to small and medium sized businesses (SME), which are defined as companies with an annual turnover less than £25m.
While it is intended to bolster SMEs, it will also help drive the housing sector. The sector has already reaped the rewards of lower borrowing costs from banks.
The average buy-to-let rate has fallen to 4.28% from 5.09% in August when the FLS was launched, data from Moneyfacts showed. Subsequently, buy–to-let mortgages reached its highest level in four years as buy-to-lending grew 19% last year.
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
"Lend to a landlord – collateral easy to price – and get 10 times that lending back as essentially free funding, then recycle some of that back out again on mortgages or BTL."
It is quite clear that it is the Coalition government's strategy to encourage the private sector to satisfy as much of the unfulfilled housing demand as possible. This is all part of the public to private sector rebalancing objective and seems to be off to a fast start with BTL growth of near 20% last year.
And he is also busy at work on banking sector recaptitalisation and restructuring but this will, of necessity, take time.
In the interim he needs to stimulate lending to the SME sector and to kickstart construction and housebuilding. The BoE FLS scheme is designed to meet both objectives on an interim basis.
What is there to complain of?
Is it raining in Warwickshire?
"It could be a no-brainer," said Rob Wood, Chief UK Economist at Berenberg Bank.
so very much like its sponsor then.
"a temper tantrum by some powerful people used to having their own way.“
Ironic or not, it has the virtue of being true.
Two beards?
The banks are currently not lending enough because they are reducing their loan books to meet the additional capital adequacy requirements required by the Prudential Regulation Authority division of the Bank of England.
Until the banks are recapitalised by injection of market capital (who will do this?) or by other extraordinary monetary intervention (BoE exchanges mortgage books for 'cash'), this logjam won't be freed.
So the FLS is designed to provide banks with additional and interim funds for lending to UK business and households, thereby supporting growth in the economy.
FLS can be wound down after the banking sector has been restructured and the current capital constraints no longer apply. While it operates it will recover its costs through fees charged by the BoE to the banks. This means it will have no immediate or direct impact on taxpayers: the additional borrowing is funded.
The fact that banks now have funds to lend does not mean that the BTL landlord is subsidised. It just means there is now a supply of credit on commercial terms to meet demand.
On housing benefit, as I too posted earlier, the additional costs of payments to tenants in state owned property will increase government expenses but also increase the asset values of the property held. So this measure should (broadly) be fiscally neutral.
Once state owned multi-occupier property earns market rents and is valued at market prices, it becomes liquid, enabling sale from government to private ownership thereby reducing both local and central government borrowing, all to the benefit of taxpayers and the UK economy as a whole.
So your accusation of a double taxpayer whammy is singularly shammy.
https://twitter.com/UKIP/status/327443356282142720
A cursory look at Tuesday's ONS Public Sector Finances bulletin will show that whilst the deficit rose above prior year levels during the middle two quarters of 2012, it fell most rapidly in the fourth quarter.
Now we know that continued deficit reduction has been possible on a quarterly growth rate of 0.3%, the fiscal mandate forecasts (deficit reduction and debt to GDP ratios) will be revised accordingly.
Obviously more time is needed to assimilate the recent information and its impact on medium term performance but the early indications, from the OBR report on the PSF figures, are that the Q1 borrowing figures were overstated (see all the stuff on accruals which I quoted on Wednesday).
The deficit reduction bus is not therefore stationary, Mr. Brooke. Nor too is it speeding. It is therefore safe for you to alight.
Know your places.
http://www.bbc.co.uk/news/business-22297569
Apparently he's ok now, but the bus is a write-off.
Indeed.....
Meanwhile past lending is being hammered by misselling fines.
New players are nowhere to be seen because the regulatory barriers are very high, even though many companies have more cash than they know what to do with.
'The Tories are back in business':
http://blogs.telegraph.co.uk/news/iainmartin1/100213873/the-tories-are-back-in-business/
http://www.lefigaro.fr/flash-eco/2013/04/25/97002-20130425FILWWW00684-la-france-enregistre-32-millions-de-chomeurs-le-record-de-1997-battu.php
OA (Lab VI)
Support: 27 (49)
Oppose: 57 (33)
Net: -30 (+16)
Labour Party should:
Support Strike: 21 (35)
Oppose Strike: 40 (19)
Net: -19 (+16)
http://cdn.yougov.com/cumulus_uploads/document/ygm9ycbkmq/YG-Archive-Strike-results-230413.pdf
Pick the bones out of that, Ed.....