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Lies Damn lies and David Cameron

Monday, 5 September 2011

Red Rag - More bad news for the failed idea known as Osbornomics



Red Rag - The Service PMI came out today, and yet again, Osborne went to ground and sent out his puppy Alexander to defend his policies.

The fall was so big that it was the biggest fall in over 10 years in the middle of the outbreak of foot and mouth disease.

David Noble, chief executive of the Chartered Institute of Purchasing and Supplying who supply the figures said "This eye watering decline in this months services PMI figures show the full impact of current weakness and instability in the wider UK economy".

Samuel Tombs, UK economist at Capital Economics said "With growth in all sectors now either very weak or actually in contraction the chances of a double dip recession is high and increasing".

It is believed Gideon is being sedated in a white room somewhere after mumbling something about there being no Plan B.


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