Thursday, July 26, 2007

Will Gordon Brown call a snap election? No!

Gordon Brown will not call a snap election for a number of reasons, not the least of which is that the economy currently looks a bit better than it is.

As I have highlighted before there are some problems in the economy but this article in the Guardian by its economics editor seems to list quite a few of them.

In short disposable income is dropping so people will feel poorer. What is more the current growth is still debt fueled and there is some evidence the debt balloon is ceasing growth and possibly going into some decline.

Then there is housing. For some not particularly well explained reason people who have been buying to sit (that is buying property to leave it to sell at a later date for a profit) have been buying the wrong sort of property off plan, in some areas like Salford where they have been buying executive apartments where executives are unlikely to want to live.

So when people come back from holiday they are going to be poorer and then tighten their belts. That will result in lower growth and more belt tightening. What is more that will also squeeze the amount of tax revenue coming in. If money supply does not slow, slowing asset inflation then interest rates will go up again, making the situation worse.

In short not a good time to hold an election.

Mind you, there won't be a better time either.

5 comments:

Anonymous said...

The housing market is going downhill fast, so is the economy. Gordon Brown will be able to blame something else as he always does. But that will only wash short term.

Will he go soon with a small majority in the midst of a slowdown or wait 3 years and get walloped in the middle of a full blown recession?

Anonymous said...

The current chancellor will likely take the rap, that's gordons style, dishonest to the end.
The worst chancellor in recorded history may yet get to blame his dumb cohort.
They're all liars.

Anonymous said...

Yeah, but what's the quality of the alternative?
Absolute crap!
The only conservatives with brains are the ones who left the country years ago.

Where did democracy go?
De Dum, De Dum.
Let's have tea with ham--Ass.
De Dum, De Dum.
Lets pay Fat-ahh millions.
De Dum, De Dum.
We lived in a democracy.
De Dum, De Dum.
Now it's a Dhimmieocracy.
De Dum, De Dum.
Dhimmieocracy from Brussels.
De Dum, De Dum.
Wahhabi bombers everywhere.
De Dum, De Dum.
We forget 1701.
De Dum, De Dum.
Fund arms to hezb'Allah.
De Dum, De Dum.
No service men left.
De Dum, De dum.
But Blair has a love-fest.
De Dum, De Dum.
Sub-prime drags down footsie.
De Dum, De Dum.
UK lending crashing.
De Dum, De Dum.
Retail crashing.
De Dum, De Dum.
Interest rates rising?
De Dum, De Dum.
Discretionary spending?
De Dum, De Dum.
Thats gone too.
De Dum, De Dum.
P. S. B. R.
De Dum, De Dum.
Gordon's no clue.
De Dum, De Dum.
ID cards.
De Dum, De Dum.
Talking Cameras.
De Dum, De Dum.
NHS data bases.
De Dum, De Dum.
Fingerprint children.
De Dum, De Dum.
DNA all arrestees.
De Dum, De Dum
Database open to all.
De Dum, De Dum.
Wide open to hackers.
De Dum, De dum.
Won't stop terrorists.
De Dum, De Dum.
September tax on petrol.
De Dum, De Dum.
Police access to traffic cameras.
De Dum, De Dum,
Immunity from all shoot to kill.
De Dum, De Dum.
Promotion instead.
De Dum, De Dum.
Kelly sacrificed.
De Dum, De Dum.
Then a whitewash.
De Dum, De Dum.
No coroner verdict.
De Dum, De Dum.
But certificate issued.
De Dum, De dum.
Cash for ermine.
De Dum, De dum.
Not me gov.
De Dum, De Dum.
Yamamah thrives.
De Dum, De Dum.
Saudis fund terror.
De Dum, De Dum.
Aw!, fucking hell.
They is all---
De Dumb, De Dumb.
And you admire these turds????????

Anonymous said...

'Will he go soon with a small majority in the midst of a slowdown or wait 3 years and get walloped in the middle of a full blown recession? '

too right anon

CROWN said...

Can he really afford an election?