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Did the Daily Telegraph just bring down the British government?...

You’ve got to hand it to the Telegraph, the famously right-leaning broadsheet has played its hand brilliantly over the past fortnight. The expenses scandal was a great story and they could have blown their wad all in one go, after all, the receipts were due to be released to the general public under the Freedom of Information Act. But instead of going for a one-off killer story, the Telegraph deftly laid out its devastating revelations piece by piece, ensuring that this bad news just wouldn’t blow over for the Prime Minister. Perhaps if the story lasted under a week he could have ridden it out, but this scandal has been at the top of the headlines for long...

posted on: Jun 3, 2009 | author: Lance

VAT up, down, shake it all around

MFI and Woolies gone bust, household spending down to its lowest level in 13 years, more banks facing nationalisation, the government desperately pressuring banks into lowering their lending rates, the Organisation for Economic Cooperation and Development warning that the UK faces a much deeper recession that first expected. And these are just a few of the headlines from the past couple of days. Rome is definitely burning, so what’s Nero doing? Fiddling – with VAT. If we understand it correctly, there’s going to be a temporary 2.5% reduction which Alastair Darling hopes will encourage people to start spending again, probably one of the dumbest and most desperate moves we’ve seen from this flailing, failing government. Just to put...

posted on: Nov 26, 2008 | author: Lance