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Showing posts from November, 2010

Cat Out Of Bag

Lord Young did us all a favour by telling a bald truth about the current economic situation in his recent commentsto the Daily Telegraph, where he claimed:

"For the vast majority of people in the country today they have never had it so good ever since this recession – this so-called recession – started, because anybody, most people with a mortgage who were paying a lot of money each month, suddenly started paying very little each month. That could make three, four, five, six hundred pounds a month difference, free of tax. That is why the retail sales have kept very good all the way through."This revealing revamp of Harold Macmillan's famous boast of 1957 infuriated David Cameron because it punches a hole right through his stealth strategy. The brutal truth that Young let out of the bag is that this is now indeed two nations: those who have jobs and own their homes, versus those who rent, are in low paid jobs or are not employed. This glaring inequality is not, as so many …