Your party and the nation as a whole benefited from this report and it was right for the bank to release it before a vote rather than after it. Independant does not mean retrospective information, and in this instance labour, conservative and liberal deserved available information. I don’t want to sound rude but I am sure that your party welcomed the report and its timing.
As for all of the ideals on control and containment in the context of this credit crisis, there is a simpler way of managing financial risk at the top. Stop chasing growth for growths sake and return to a form of gold standard and stiffen the reserves of this fractional banking system

Reply: The issue was the spin placed on it - compare what the Report said with what the media told us it said!

These people should be forced to live on their own cleaner’s wages for three months to see what utter garbage they try to get us to believe.

WE DON’T BELIEVE THE NUMBERS

See http://www.shadowstats.com/alternate_data for a more realistic assessment

The best bit was when Littlejohn asked her if she thought about global warming during her flights to her villa in France or where - ever. Her response was not to say, yes I agonize over it, or no I never give it a second thought, but to say, don’t try to make this personal!!

Mikestallard: “Complacent or what!”

If I were feeling uncharitable today of all days when we have seen the newt-man given his marching orders (well done Boris). I would say something like, she is complacent, because she knows she has Cameron’s ear.

But I am feeling charitable, so I won’t say such a thing.

JR: “Is the Credit crunch over?”

No, I think it has barely begun.

And our company had a meeting today with a large UK retail fund manager today. Very similar reponse to Moulton - the spin is to try to improve confidence, the facts are something completely different.

The last thing Tories need right now is a General Election. Let Brown take the caning he deserves over the next couple of years - it’s too late and too big for politicians to sort the mess, they can only try to smooth the edges. The money’s spent and he has absolutely no room for manouevre.

It’s really reassuring to know that this country has a truly independent central bank and a couple of financial geniuses running things.

Gordon Brown’s comment this morning was priceless. “My job is to listen and to lead.” And I thought he was the Prime Minister. Where’s Maggie when you need her?

Harriet Harman’s reaction was to say that Labour’s poor showing was effectively turning the spotlight on the Tories lack of policies. Well, let’s hope David Cameron continues to play a measured long game - don’t want Gordenron taking any more policies.

Something that puzzles me is the lack of challenge to New Labour on their economic record. When they boast of 48 quarters of stability I can’t understand why the riposte is not rammed down their throat … “Yes, growth based on a doubling of tax revenues and a doubling of personal debt. We have an economy and a government that now relies on debt expansion.”

After all, look at what is happening now. A bit of a credit squeeze and we seem to be facing armageddon. After 10 years of prudence? No, after 10 years of wasting the best opportunity this country will ever have to re-group after losing a lot of old manufacturing capacity. We should have been developing new industries and technologies instead fo which we have ‘developed’ a million more public sector jobs and PFI initiatives our children will be paying decades hence. The man has really ruined this country and it will take a generation to fix.