Prime Minister's Questions - 6th March

Image by Victoria Kettlewell

A furious Cameron erupted in the chamber today, blasting Labour as ‘croupiers’ and demanding that Miliband apologise for the “shambles” that the Labour treasury left the economy in under the last Government. Labour attacked the Government for their opposition to the EU’s banker’s bonus cap, suggesting it as hypocrisy that they would want to do this whilst inflicting deep and damaging cuts, including the “bedroom tax” on the poorest and most vulnerable of society. Cameron refuted the claims, arguing many times that the reform was not a tax, and that the most vulnerable sectors of society were exempt. Miliband ridiculed the Conservative party on their 2015 prospects, stating that he was glad Cameron was preparing for being in opposition by asking him questions, before saying that he looked forward to seeing Theresa May directly opposite him in opposition. One Liberal Democrat MP (in a rather dazzling yellow waistcoat) congratulated their victor in the Eastleigh by-election, proclaiming the benefits of sticking by their leader . Another MP asked how Cameron ‘s talks with Ukip, the party of “nutcases”, were going. Cameron almost ignored the remark, instead stating that it showed that Labour were going “precisely nowhere”. Finally, one Labour MP told Cameron that if doesn’t “get a grip”, he should let Miliband in the seat to do so instead.

January 2013 in Economics

Image by HM Treasury on Flickr

Now, before I start, I must admit that I am no expert in the field of economics. There are few words and statistics that I understand. But, the relationship between economic policy and return on that policy, in the way of contraction or growth, is not a difficult analysis to undertake. Hence, the recent news items regarding the nation’s return to contraction, the closure of Jessops, the cut of jobs by Honda and the contraction in the construction industry, all within the space of the week, signify a massive problem in our fiscal system.

In an earlier post, I predicted that the return to growth in the third quarter of 2012 was merely the result of the temporary Olympics and Jubilee celebrations (otherwise known as “artificially strong growth”) and this is exactly what has been confirmed by the National Institute of Economic and Social Research (NIESR), noting that without the Olympics the economy would have flat-lined. However, the final quarter of 2012 included the Christmas period – a period of increased and frivolous spending – so it comes as a surprise that we see this contraction so quickly. In another post, I predicted that 2013 would see the UK re-enter a recession. Now this  has not yet happened, (obviously due to the first quarter only having recently begun) but with such a quick contraction and the dent made in the employment figures this week, we can only expect to see this or a dramatic turn of events in the coming months.

Yet, based on just these major newsworthy statistics on job losses, we can already see 2170 people starting their new year without a job, entering an environment where intake of new employees is minimal and those without a job are being punished by the coalition’s blaming policies. Before long, we can see these people losing money on the benefits they did not necessarily used to have to rely on, and then being called scroungers of the state due to their reliance on and complaints about the reformed benefits system via this so-called revolutionary universal tax credit. Ironically, the Government wish to be the helping hand up, but these people will only remember having to take a forceful step down.

But much more ludicrously is the fact that this very week, despite these detrimental austerity measures, despite these massive job losses, despite the number of people’s lives they have ruined, our beloved MPs want a 32% raise in their wage packet. It comes as no surprise, that those who demanded the highest raise were from the already particularly well-off members of the Conservative party. Perhaps more surprisingly is that this raise was demanded by members of parties across the board and not just those of the three main parties.

It is disgusting and awful that those who are coercing the saving of money, reduction of budgets and removal of benefits are those also pleading for more money in their pockets. Because, after all, MPs should be exempt from the rules that they place on the rest of society.

Prime Minister’s Questions – 9th January

Image by Victoria Kettlewell

Happy New Year wishes from the “nasty party” and the “little red pests” as the first Prime Minister’s Questions greeted us this week. The re-launch of the coalition appears to have reinvigorated Clegg as, sat on the front bench, his usual solemn-looking face was replaced with laughing and increased gestures. Miliband attacked the coalition for its lateness in publishing the audit, before proclaiming it would only highlight the Government’s broken promises on the NHS, sexual inequality and the tagline “we are all in this together”. Cameron failed to rebut the claims, only making different points about the policy areas, then stating that the five million pounds that goes to the Labour party does not guarantee any returns. One Member of Parliament asked of the Government’s intention to repeal the fox hunting ban to which Cameron ignored the question instead stating that the “only little red pests he pursues are in this house”. A referendum may seem impending after it was stated that the Government would seek public consent for any EU settlement that is reached. A backbench and, obviously, critical Conservative MP asked the PM whether he was politically closer to Lord Tebitt or Clegg and received the response that Cameron is, and always will be, closer to the Conservatives than any other. Strangely, the resignation of Conservative peers and the Northern Ireland violence didn’t get a look-in.