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https://twitter.com/FraserNelson/status/947807564032593920
Without wishing to defend Toby Young, it is worth pointing out that Andrew Adonis has no practical experience of education, transport or (although this is more contestable) social mobility, but that hasn't stopped him posing as an expert in all three fields under four Prime Ministers and making a fat living from them.
One of the regulators of the SLC, who apparently worked as a solicitor for the NHS, told me in all apparent seriousness that they were not bound by the criminal law.
Young being appointed in a subject he knows nothing about is hardly unusual.
His appointment was largely on the basis that all the other emperor's male relatives were dead.
Plus quite a lot in the Guardian not long ago and they are in a long-running dispute over Union recognition... their ‘sweetheart’ union isn’t popular with the regulators, AIUI.
But I don't believe it was the view of a majority, or even a sizeable minority, of labour market economists.
The consensus view of economists at the time was that labour market liberalisation would result in firms firing all the unproductive workers. This would result in a double whammy to the economy: those people who had previously been spending (and paying taxes) would no longer be doing so, while those people still in jobs would respond to greater uncertainty by upping their savings rate, therefore also lowering aggregate demand.
In other words, economists at the time forecast what did actually happen in Spain following labour market reform.
Now, why was it that the economists were wrong:
1. They had underestimated the drag of a large number of people working in unproductive jobs. As firms lost unproductive workers, they moved to replace them, confident that they would be able to let people go if things turned south.
2. As the inflation dragon began to be slayed, people felt confident borrowing, and this held up domestic consumption much better than expected. (With the caveat that it laid some of the later problems for the UK.)
and finally
3. World economic activity picked up, and this raised demand for British goods at a crucial time.
I’ll be interested in what Adonis does next as he’s an apparatchnick par excellence. But singularly lacking in wider employability.
Edit: I’ve no doubt there are some competent public sector lawyers out there but they’re thin on the ground,
http://www.telegraph.co.uk/news/politics/georgeosborne/6224723/Tory-public-spending-cuts-could-push-unemployment-to-5-million.html
Although what he knows about economics could be written on the back of a fag packet.
I don't believe - as HYUFD does - that there is a likely Forza Italia, LN, Five Star coalition to depart the Euro. (That's like suggesting there would be a coalition government of Jeremy Corbyn and Daniel Hannan.) But I do think it is reasonably likely that a moderately Eurosceptic party will "win" the Italian elections.
*in my view etc. Unlike most on here, I recognise both shades of grey and the possibility that my opinions are wrong.
I may seem unusually negative about him, but his book was one of the, if not the most unpleasant examples of self-aggrandisement I’ve ever read, and, seeing him on the likes of Question Time has only confirmed my dislike.
Toby Young asked why things had to be kept secret. Why we couldn't just be told intelligence information about our security. I forget the precise matter that was being discussed, but distinctly recall taking the important and correct decision to switch off the television before any more stupid spilled into my ears.
Anyway, I must go and be productive/read about the Albigensian Crusade.
Have we finally found an issue all PBers can agree on - that QT is shite?
Don’t let him get started on the anthropogenic forcing of the climate...
QT is illinformed people giving their slanted views in response to slanted questions..
So much better when an informed interviewer like Andrew Neil asks the questions and can ask suplementary follow up questions.
The Tories need to appeal to the student generation. They claim to understand this. And they such a pillock to an important public sector post?
QT is shite in every possible respect.
I’m trying to forget last years ‘political’ TV
Excuses, excuses.
One wonders how much due diligence has been done on Mr Young’s actual achievements. Or will this be like Camilla Batmanghelidjh - someone who is good at talking but bloody awful at implementation? Governments seem to be particularly vulnerable to such people.
https://twitter.com/hrtbps/status/928774722980139018
Otherwise I guess either the UK is qualitatively different from Italy in some way that I am not aware of, or something concrete will happen that prevents the UK becoming like Italy.
I think you are referring to yourself..
"Informed" is not the same as "wise".
somethingsomethingpinapplepizzalastjedisomething
https://twitter.com/FingersSir/status/947848820314050561
Plus of course Spain is more likely to suffer an imminent breakaway from Catalonia than the UK or Italy are to see a breakaway after separatist votes won most seats in their recent regional elections while unionist parties are set for a majority in Holyrood at the next Scottish Parliament elections on the latest polls and Unionist Parties in NI still have more representatives than Nationalist Parties
Or are you just trying to ensure that there are no AV threads this week?
Hypocrite is another adjective we can call Farage.
He's desperate, and all that crawling to Trump got him the square root of bugger all.
However, he has not so far displayed vast amounts of sense.
The rules of internet dickheadery now require me to type:
"Oh, wait..."
The silence from the EU is becoming deafingly LOUD!
The silence from the EU is becoming deafingly LOUD!
DeafENingly. And I'm guessing she doesn't realise that the protesters are muslims too.
Here is Boris Johnson:
http://www.twitter.com/BorisJohnson/status/947458422336819200
And here is Guy Verhofstadt:
http://www.twitter.com/guyverhofstadt/status/947435759488946177
Even allowing for they could have gone further, they are clearly not silent - and I say that as somebody who dislikes and distrusts both of them.
I suspect his piece on eugenics might get an airing.
One day someone will be able explain to me the attraction of watching this pub game.
https://twitter.com/toadmeister/status/177364626764345345
And if you're bored by the game, there's always the dubious fancy dress...
It's like the worse elements of The Barmy Army.
It's just an excuse to get pissed isn't it?
I could swear I heard Grant Shapps talking sense about housing, and wanted to check that I'm not going bonkers....
The only Tory Chairman* to have won a majority in the last 25 years.
*If you ignore Andrew Feldman.
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Who is still afraid of UKIP and Farage? One guess.
TSE said:
I'm always afraid of Jew baiting scum.
TSE must be talking about Corbyn and his Momentum crew. Now how does he link UKIP with Jew baiting? Must be in the blood.