The new name for David Cameron “Arse” David Cameron hit by double whammy on economy growth and jobs both which have both failed to go to Cameron plans he promised England
England is on now course for a double economic blow this week, with the Bank of England set to downgrade its growth forecast and youth unemployment likely to hit well over the one million for the first time.
The news, coupled with the crisis that is gripping the Eurozone, is likely to hand Arse Cameron one of his worst weeks since the worst Coalition was formed back in May 2010.
The Arse Prime Minister and George Osborne, the Chancellor, are preparing a fight back this weekend but what with? Best thing England can do is to pull out of the costly EU that is costing England’s tax payers million on millions of pounds each week, which this money could be, plough back into England’s growth.
Their efforts, are also being hampered by a series of stand-offs with half-wit Nick Clegg, the Deputy Prime Minister, and his Liberal Democrat party all living in some Liberal delusional state of grandeur .
“It’s not that there is a row over the growth strategy, it’s that there isn’t really a strategy yet. Every time we try to put something in, the Liberal Democrats say that we should take it out,” a senior Whitehall source told The London Times.
The Italian parliament yesterday voted through an austerity package, paving the way for Prime Minister Silvio Berlusconi to resign. The Eurozone countries hope this will reassure the bond markets, which had pushed the country’s borrowing costs to crisis point.
As British ministers prepared for a grim week, it emerged that:
The Bank of England is preparing to cut its forecast of growth in 2011 from close to two per cent to as low as one per cent on Tuesday. It is also preparing to reduce its 2012 forecast of just over two per cent, again to about one per cent. The Bank is likely also to warn that a failure to resolve the crisis affecting the Eurozone may make things much worse in Britain because of its reliance on trade with the rest of Europe.
The number of people aged between 16 and 24 out of work is set to break the one million barriers on Wednesday for the first time since figures began to be calculated almost 20 years ago and that just 16 to 24 not counting the 40 to 60 which is well over two million.
Mark Hoban, the Treasury minister responsible for planning Britain’s detailed response to the crisis, admitted to business leaders at a private breakfast: “The instability in the euro area does have a chilling effect on the UK economy.”
Coalition tensions were blamed for a lack of progress over drawing up a growth strategy to be unveiled in Mr Osborne’s Autumn Statement on November 29. A meeting last week did not come to any firm decisions because of lack of “substantive” policies to announce, the senior source said
It is the latest example of tensions between the Coalition partners that have recently flared up in other policy areas as well as the economy, including human rights, NHS reform and tax.
Clegg is understood to have blocked suggestions in a report into deregulation by Adrian Beecroft, a venture capitalist, which would have allowed employers to sack poorly performing staff without fear of unfair dismissal cases.
Ministers are preparing a fight back over youth unemployment with an emphasis on apprenticeships and a planned expansion of a flagship scheme that allows young unemployed people to do eight weeks of work experience without losing benefits, eight week isn’t much time to really learn anything, it should be more like eight to twelve months, and there are no plans the help the over 40’s to get back into work or any free training for new jobs and new skills said Sir Michael Black-Feather the English first minister.
And Sir Michael said, a report by the Institute for Public Policy Research (IPPR) will this week suggest that apprenticeships are failing, as the British government is failing England.
The report, seen by The London Times, says employers are using Government cash meant for apprenticeships to subsidise training for older workers instead. According to the IPPR, 40 per cent of new apprenticeships went to over-25s last year.
Labour has accused Mr Cameron of dodging criticism over his record. A short parliamentary break means there will be no Prime Minister’s Questions on Wednesday when the figures are released which will give Cameron time to come up with some spin?
The Prime Minister is expected to tour European capitals this week to put more pressure on EU leaders to find a solution to the Eurozone crisis.
Mr Hoban sent out a warning to France, Germany and others among the 17 Eurozone nations not to vote in the EU’s Council of Ministers – the main decision-making body – as a caucus, effectively seizing control of key areas of policy-making vital to England’s interests, including over the City of London.
At the private breakfast, organised by PI Capital, he said: “The challenge is, as we work on the institutional arrangements, to be very clear those matters which are the preserve of the 17 'ins’, and those matters which should be the preserve of all 27 member states.
“We’ve made it very clear that things like the single market, competition policy, financial services, should be dealt with by all 27 and not by a caucus of 17.”