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Osborne’s Interest-rate Cap

26 Nov

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10474201/Surprise-reversal-as-Osborne-puts-cap-on-payday-loans.html

I note that Osborne is planning to cap interest rates chargeable on loans, a full decade after I suggested that this was a moronically simple and effective thing to do.

Brown of course would never have thought of anything so bleedin’ obvious in a million years, but then he studied history at uni, so what do you expect? But perhaps I do him a disservice. It is possible that he DID think of it and dismissed it on the basis that the more people borrowed the more consumption and growth there would be and the more successful he would seem in growing the economy. Yes, I think that must be it – an economy build on vast borrowing whose catastrophic effects would only become clear after his departure as a noo-socialist hero and Champion Pledger and which could of course be blamed after his demise on the Tories – and Mrs Thatcher, naturally.

Thank God Brown is now out of harm’s way s(k)ulking in some Scottish castle, preferably near a deep Loch he could throw himself into. The dream scenario would be for him, Blair, Mandelscum and Campbell to do a hot-air balloon trip over Loch Ness as part of a triumphal “Didn’t-we-do-well” reunion and Brown letting the air out in revenge so they all plunge to the bottom of the loch to be devoured by the Monster – all filmed for the masses by a submarine manned by a joint Sun and Daily Mail crew. One can only dream.

But the horrific thing is that his acolyte Balls is STILL there and according to the polls STILL likely to be the next Chancellor, unless Minibrother does something sensible for once and chucks him out of the balloon.

As I have said before, the world is indeed insane and does not deserve to survive.

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Posted by on November 26, 2013 in Britain, Politics

 

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