Gordon Brown Resign petition now No.1

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It's No.1 now.

See the petition video here

Join the facebook group here

Bit of fun - watch Gordon Brown try to leave chamber early

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Watch Gordon Brown tries to leave the chamber before giving his statement. No adverts in this clip!!

Video - petition for Gordon Brown to resign

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Following several requests I have made a short video promoting the petition using a couple of video clips and quite a few stills of Gordon's crisis. Music if you really don't know is Going Underground by The Jam and I did it my way (The Pistols version- the best)

I better get this uploaded before he resigns. Petition stands at 26559.

Downing Street Petition

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Many bloggers and organisations are now linking to the Downing Street petition

We the undersigned petition the Prime Minister to resign

Nice and simple. 5749 signatures at 10.30am on the 25th April 2009.

If you have not signed up and agree with the petition then please sign up.

If you are on Facebook and want to join my group

Gordon Brown - throw in the towel and resign

feel free to join here Facebook group

thanks

New Labour's 2009 budget - video

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A short clip I put together

Adam Boulton spoof on SKY calls Gordon Brown's figures bullshine

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I could not resist this spoof. Watch the clip here.

Gordon Brown - the dance of the comedian

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Watch it here

Daily Mash - I'M NOT EVEN TRYING ANY MORE, ADMITS DARLING

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Check out today's Daily Mash - another brilliant article.

CHANCELLOR Alistair Darling last night admitted he is not even trying any more after pledging £15bn worth of 'efficiency savings'.


Mr Darling said Wednesday's Budget would contain a series of key announcements that he is probably just going to make-up in the car on the way to work.

A relaxed chancellor said the Budget is likely to focus on 'the public finances and stuff', but stressed he was 'not really the best person to ask about this'.

He told the Sunday Times: "I looked through the books a couple of weeks ago and within 10 minutes it become abundantly clear that things were - oh, how should I put this? - utterly fucking hopeless.

"I then decided the best course of action would be to open a packet of Hobnobs and watch my Dukes of Hazard DVDs."

He added: "I did think about cutting loads of those stupid public sector jobs we invented, but then Gordon would just tell everyone I had genital warts and that my missus is round the bend."

Asked what he would do to cut Britain's £160bn budget deficit, Mr Darling shrugged and said: "I dunno, disband the army? Or maybe we could make things... out of wicker.

"No, wait, wait, I've got a really good one. Are you ready? Drum roll, brrrrrrr... Whitehall efficiency savings! No? Fair enough."

Julian Cook, chief economist at Porter Pinkney and Turner, said: "Even if the chancellor cared, and he doesn't, and even if the government did implement efficiency savings, which it won't, £15bn would have about as much impact as a toddler slapping a whale."

Latest house price graph

Let us not forget that when house prices were booming on the back of Brown's debt fueled economics, the government peddled the line that this was because we had such a strong economy. Not a mention of the global economic boom.

Now house prices are in freefall, there is no blame at home. The fault is abroad. No bad decisions here then.

Latest Poll - Labour sink

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Sunday Telegraph has a poll tomorrow with the Tories on 43%, Labour on a dismal 26% and the Lib Dems climbing to 21%

The proof that the FSA are a bunch of F@@@wits

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The FT has the FSA whistleblower letter here.

Vince Cable's source clearly documents that the FSA were aware that lenders were not verifying incomes of applicants and passing these loans off as full status when in fact they were nothing more than Self Cert loans. The lenders class them as fast track full status even today.

The FSA turned a blind eye.

I've been talking to the FSA about this for years. Now I know why they never do anything. It is their level of incompetence.

I don't normally rant and swear but today I'll make an exception.

I can assure you that the FSA and all who are in charge there are nothing more than a bunch of fuckwits, totally fucking moronic, a bunch of state-employed cock sucking wankers. They can suck my plums if they think I'm going to jump through anymore of their fucking hoops.

I have an inspection coming up next month and I'm going to take my compliance manual and my T&C documents and shove it right up their arse.

The fact that my fees pay for their fucking lavish Xmas party, when I can't afford one for myself is bad enough. Today I have just had to send the turd sticks a cheque to pay for claims against some stockbroking firm that has gone bust, the FSA totally misjudged that as well.

Well bollocks to them, I've fucking had enough. I'm putting my business up for sale, I've had enough of paying for their fuck ups. God knows how much I will have to pay for claims against the lenders.

Wankers

Draper flees with his PC

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James Vellacott at the mirror has the story here.

He has snapped Dolly fleeing his house with his PC in a bag. With all the talk of who sent and received what e-mails it sounds dodgy doesn't it.

With the Mirror sticking the knife in it is interesting to note that there does not seem to anybody sticking up for him anymore.

Watch Andy Burnham heckled at Anfield

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Poor old Andy Burnham - it wasn't going too bad until he announced he represented the Prime Minister. He didn't even get booed as an Evertonian.

Latest Video - Gordon Brown, McBride and Draper flee Downing Street after their smear campaign

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Gordon Brown, McBride and Draper flee Downing Street after their smear campaign.
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Watch the video here

Can the Tories turn McBride

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Easter musings - The Evil one McBride is really out on his arse this time. But just how evil is he? Could he want to go out in a blaze of glory and end the chances this government has of ever governing again?

I wonder how hard the Tory undercover machine is working to get under his skin? Or are they already there? Now that Gordon Brown has allowed the state to read our e-mails, are the spooks targeting the government?

Dolly 'The dark one' Draper may be on holiday, but I wonder what chance there is of an apology from him? Liam Bynre was on Sky news with a shocking defence of the 2 evil ones, is Brown central really trying to spin out of this one?

Gordon and his electric cars

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Our great leader is up to his usual rubbish again here. Now he is banging on about electrifying cars.

I welcome anything that can preserve our oil supplies and stop our dependence on oil from abroad, but we all know that Brown is talking his usual rubbish.

He is doing his usual political posturing, it all sounds good but will never happen under his leadership and even if it did he would only tax it so much it would be uneconomical for anyone to manufacture or drive an electric car.

As the Daily Mash puts it

"The prime minister said Britain's economic recovery would be based on electric bubble cars, floating skateboards and nuclear De Loreans powered by bits of old fruit."

The article is here. How I wish I could be even half as funny as the guys behind the Daily Mash.

Those lazy ar$e MPs

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Well some of them anyway. My attention has been drawn to the sessional returns document for the attendance of committees at the House of Commons.

I was interested to see that for discussions on the Finance Bill in General Committee meetings on page 66, Vince Cable did not turn up to any of the 24 meetings, Charlotte Atkins turned up to 4 out of 24 and Dr John Pugh 3 out of 24. The rest managed over 50% attendance, some only just though.

On the Treasury select committee on page 281 Siôn Simon only turned up to 11 out of 44 meetings, Colin Breed 19 out of 44 and George Mudie only 21 out of 44.

On the Treasury sub-committee on page 289 Simon managed 1 out of 14, Breed 4 out of 14, Mudie 3 out of 14 and Sally Keeble 7 out of 14.

I'm sure they will all say that it is entirely within the rules not to bother to turn up but what is that muppet Sion Simon doing for his huge pay and expenses?

Time to buy index for March 2009

In March the index stands at 209 unadjusted(U) and 292 adjusted(A)

This gives a guide that house prices are around 20% over valued and that market sentiment pushes that to 29% over valued. DO NOT BUY

That is not to say that house prices will fall by either, but it gives an idea of the direction.

The last few months have had conflicting data from Nationwide and Halifax with positive and negative months of house price data. Halifax are back with the trend now with a -1.9% fall. During the last house price crash there were 26 positive months during the 74 month downturn.

House prices have fallen this month, which has improved affordability this month as mortgage rates have remained level.

Although Bank of England rates have fallen, new mortgage deals are being priced at pre-cut levels.

The price to average earnings ratio has also fallen slightly this month and is still indicating house prices are 10% above trend on this indicator.

Most buy to let deals have been withdrawn now and those that remain have seen a lowering of the Loan to Value needed. There exists only one 95% LTV first time buyer deal in the market and this requires a charge on the parents house, so a 90% LTV is the best on offer. Credit remains tight.

The unadjusted index is now down from it's peak of 645 in July 2007

PREDICTION

House prices to continue falling with the Halifax index bottoming at £140,000 in Q4 2009.

In my opinion mortgage lending criteria has tightened more than usual with a larger deposit required than in the past, however lenders are still lending above average multipliers and mortgage rates have again fallen to below the longer term normal level.

The end of irresponsible lending means that lenders will never be returning to the days of lending with no deposit or waiving income checks.

House prices are still suspended about 20% above the level of finance that the banks are willing to give out. Interestingly the £xx billions in extra lending that RBS and Northern Rock have blagged to Gordon Brown is a total farce. The lenders have the money to lend but are applying their new stricter criteria to borrowers. The money will not be lent out any time soon, because many borrowers do not meet the criteria.

Buy to let as one of the key drivers of house prices still does not makes economic sense at current rates. This sector will most likely never return to the heady days of 2007 as the age of irresponsible lending is over.

First time buyers are the main driver of the bottom of the housing market. First time buyers have rightly taken the view that it is best to wait out this drop before entering the market.

Halifax data out for March 2009

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They report house prices down 1.9% for the month or down 17.5% annually, but they calculate this using this quarter against the quarter a year ago.

The true yearly drop is 17.9% on a seasonally adjusted basis. House prices peaked in August 2007 at £199,612 against £157,326 for March 2009. A drop of £42,286.

The last 12 months has seen the biggest falls ever from the Halifax. The previous biggest 12 month fall was in October 1992 of -8.5%

House prices have fallen 21.2% from the peak in August 2007 19 months ago. It took from May 1989 to July 1995 for house price to fall 13.21% that is 74 months and the bottom of the last housing slump.

This housing crash is now almost twice the scale of the 89-95 housing crash and we are probably just over half way through the duration now.

The last time house prices were at this level was May 2004.

Crown prediction is still house prices to continue falling with the Halifax index bottoming at £140,000 in Q4 2009. A fall of 30% or £59,600 from the peak in August 2007. That would be house prices returning to levels last seen in Q4 2003.

Brown's G20 con unravels

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Fraser Nelson here gives us a comprehensive review of Brown's G20 fudges.

A huge series of re-announcements, fudges and cons.

A new Bretton Woods - it is not.

A Brown style fiscal stimulus - it is not, thank God. The French and the Germans stopped him spending any more of our money.

I am once again thankful to be in Europe.


The Sun has it spot on with their front page
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Although they do not pick up on the point that the figures are a giant con.

Brown does what Brown does best

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Read all about it on the Government news agency here.

Having run out of our money he is now going to spend the rest of the world's money.

Although there is mention of $1 trillion and then a $5 trillion as well, I suspect it is a load of made up figures.

It seems to be a lot of money that was going to be spent, rolled up and re-announced. This is so murky it will probably make his budgets look clear.

Nationwide March housing data - reporting a rise!!

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Nationwide have released their March data report today here.

The data shows a rise of 0.9% for the month with an annual change of -15.7%. House prices are now down from their peak in October 2007 of £186,044 by £35,098 or -18.9%.

Nationwide report this as a surprise bounce and expect a continuation of monthly rises and falls.

Nationwide are not particularly competitive at the moment and require a 15% deposit for any mortgage deals, with the very best deals at 60% Loan to value.

I do wonder if this is reducing the mortgage applications from the properties with the greatest falls for the data sample.