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http://conservativehome.blogs.com/thetorydiary/2013/03/margaret-thatcher-listed-her-cabinet-allies-and-opponents-who-would-cameron-list-today.html
So true, but you might as well piss into the wind as post that on here
Ah. I gather that's a Gove tribute gag - not because I saw Question Time, but because I read Cristina Odone's Love Letter to Michael.
http://www.dailymail.co.uk/news/article-2297754/We-need-politician-fight-fight-past-Lord-Mandelson-blasts-Ed-Balls-negative-strategy-economy.html
http://finextra.com/News/FullStory.aspx?newsitemid=24665&topic=payments
That may reflect the probability of it happening fairly, but the only worse value bet I can think of is betting on the end of the world.
I'm also thinking of adding Like and Dislike buttons, but not connecting them to anything, so that angry people can click "Dislike" and feel better.
How interesting to see you sneak online in the middle of the night to repeat news discussed on thread earlier in the evening!
The markets, the opposition and the media were expecting Fitch to downgrade the UK from its AAA rating immediately following the March budget. This didn't happen and Fitch instead put the UK on negative watch. In the circumstances this was good news for both the UK and George Osborne and can be taken as a sign of relative confidence in Osborne's budget.
Sterling did fall on the Fitch announcement at 1:00 pm ET. It fell from $1.5245 to $1.5209 almost immediately but then recovered back to $1.5246 by 4:00 pm. As good a sign as any that the market was not in the least perturbed by Fitch's announcement. This is unsurprising given the far more significant events current in Cyprus, Spain and Italy.
As for the impact of the UK budget, there has been no significant deterioration in the two key targets in the Government's fiscal mandate.
The OBR, in its March Economic and Fiscal Overview (EFO), predicted that the Government had a greater than 50% chance of meeting its target of balancing the Cyclically Adjusted Current Budget (CACB) over a rolling, five year period. The predicted margins and timing of meeting this target marginally improved over the previous forecast in December.
On the Debt to GDP ratio falling by 2015-16, the OBR's predicted outcome in March was marginally worse than it had been in December.
The degrees of difference between the OBR's December and March forecasts on fiscal targets were so small as to be insignificant. This conclusion applies not just because of the "considerable uncertainty" of the forecasts as repeatedly stated by the OBR, but also because the March EFO did not take the budget measures fully into account, nor the latest ONS figures on borrowing. More importantly the OBR's March did not include any impact from banking sectpr asset sales in its forward forecasts,
In the circumstances, Fitch quite correctly decided to delay any decision on whether to downgrade the UK's credit rating until further information becomes available on budget impact assessment, recent debt management performance and future government plans for asset sales. Fitch's decision to place the UK on negative watch is though a fair assessment of the current state of the UK economy.
The real measure of Osborne's performance on fiscal consolidation lies in the UK's borrowing costs. You should note that the yields on 10 year UK gilts marginally fell over the course of the day to 1.85%, the second lowest rate in Europe.
The UK economy may not be performing to everyone's hopes or expectations, especially those which applied in 2010, but it is currently outperforming all its major competitors in Europe in growth and all bar Germany in borrowing costs.
The journey to port may now be taking longer but there is significant confidence in the markets and credit rating agencies that Osborne is charting the right course. What is uncertain is the turbulence of the economic seas.
That widget looks useful - does it have a PC incarnation that we can download?
An interesting financial factoid for you: the Greek shares index has risen by over 20% in the last year. That makes it one of Europe's top performers over that period. The FTSE 100 is up just under 10%, CAC is up just under 9%, DAX up by 13%. For the brave investor Greece currently offers plenty of opportunities. There's always an upside if you look hard enough!
I would guess that there are about 300 active or wannabe posters which looks like a membership cost of £20 a year.
I would like to say that there is every possibility that this would make a small profit for OGH, which I think he really deserves for all the work he has done.
Also for the record and from experience, the results of PPC and advertising on a site is minimal as ad blindness takes effect.
I agree. Vanilla does not auto-refresh as far as I can see and so does not appear to be better (and justify its fee) than Disqus as long as the latter is used in a disciplined matter.
To post this comment I had to re-sign in, even though the "keep signed in" box was already ticked.
Are there any benefits to Vanilla that have not been revealed?
For PB to continue on a self-financing basis, it would seem that some way must be found of increasing its commercial income, which may or may not involve introducing a sponsor, as well as a rather more upfront approach towards seeking donations from users of the site, tied in with say a PayPal facility.
After all, if almost £1500 was collected recently to fund the site's occasional cartoonist's technical requirements, it shouldn't prove too difficult to raise approximately three times that amount over a 12 month period to pay for the facilities to be provided by Vanilla or whoever.