No comment from Daley Thompson on excuse given for severe UK economic downturn

The United Kingdom’s version of Michael Noonan, chancellor of the exchequer, George Osborne, ‘has woken to a wave of criticism after shock figures revealed Britain languishing in the longest double-dip recession for more than 50 years. via George Osborne Lambasted Over Britain’s Double-Dip Recession.’

Figures show the UK economy shrank by 0.7% in the last quarter and a full 1% since the turn of the year under the Tory government’s own austerity drive. The figures led to Ed Conway of Sky News to level a ‘banana republic’ accusation at the seemingly inept chancellor – who recently had to do a U-turn on a string of budgetary measures he had just introduced.

Blamed for weak economic data

Extraordinarily, leading British economists have blamed the rain for the sharp downturn on the UK’s economic downturn.

‘And Daley Thompson has a go at us?’ said Larry Bird – referring to the former Olympic champion, who commented during the week on live television that a tattooist who spelled the word ‘Olympic’ incorrectly must be Irish. ‘Blaming the implosion of your economy on rainfall? George Lee wouldn’t say that.

Ireland’s ongoing recession is seen by many as a permanent one, given the governments own austerity drive here and the countries unsustainable debt burdened on to the Irish tax-payer to save rogue banking institutions.

‘A double dip. We wish,’ said Faye Ecoruin.

Fears for a 1930’s style depression continue to grow daily as worrying figures emerge around the world.  Growth forecasts for China has fallen sharply this year and fears for a bursting property bubble leaving the Chinese economy heavily exposed. Property accounts for 40% of China’s GDP. 

Spain is inching closer to seeking a full sovereign bailout as regional governments hit the Spanish national government for bailouts of their own. Italy have told poverty stricken Sicily to cut its spending. Even Germany have been placed in the firing line of a credit downgrade. Deep divisions within the Eurozone on how best to deal with the crisis, major banking scandals and revelations about trillion euro tax avoidance schemes don’t bode well for a quick solution to the planet’s mounting problems.

‘House of cards,’ said George Oilwell. ‘Evolving into Dominoes.’

Filed under: The Irish Daily Bull, china, Daley Thompson, debt crisis, economic sovereignty, Europe, Faye Ecoruin., George Oilwell, George Osbourne, germany, Ireland, larry bird, michael noonan, spain, Tory Party, UK

Who is paying for latest government Junket?

The taoiseach, Enda Kenny and old nemesis Richard Bruton have left on a 4-day trade mission to China. Several business leaders are also joining the party.

The trip is in response to an invitation to visit following a similar Chinese visit to Ireland earlier this year. Kenny, who’s looked tired in recent days, is expected back later this week to sort out the mess Phil Hogan has made of the Household Charge. Bruton hopes to improve his fluctuating nickname by securing jobs for Ireland. Bruton has been swaying from ‘No Jobs’ to ‘A Few Jobs’ depending on emigration fluctuations tied into the unemployment line.

There are currently almost 450,000 people on the dole in Ireland.

90 indigenous companies are also taking part in the trade mission. via Taoiseach to begin trade mission to China – RTÉ News.

‘Who’s paying for all this?’ asked our socialist affairs correspondent, Celeste Chavez.

Filed under: The Irish Daily Bull, china, Enda Kenny, fine gael, junkets, richard bruton