Another week, another ‘big speech’ from our lying leaders

I hate to be forever the doom merchant bringing bad news. But when much of the mainstream media fawns over every false promise and statistical manipulation made by our lying leaders, someone has to point out when we’re being conned. After all, just this weekend the Torygraph was full of articles praising Osborne’s ‘economic genius’.

Last week we had Cast-Iron Dave’s almost laughable effort on immigration. This week it’s George “Gordon-Brown” Osborne’s Autumn Statement telling us how we’re emerging from the gloom of Labour financial catastrophe onto the bright uplands of Coalition economic success. But it will all be distortion of the truth. Here are just three tricks to look out for

1. “The British economy is the fastest growing in Europe”. True. But Eurozone countries are only allowed to borrow up to 3% of GDP. Britain is borrowing 6% (£100bn) of GDP. Our supposed growth is about 2.7% of GDP – that’s £46bn. So our growth is really just our financially-incontinent rulers borrowing money and spending it on our bloated public sector and on benefits (largely for immigrants)

2. “Britain is creating more jobs than any other European country”. True. But most of these jobs are going to immigrants and most of them pay so little that British taxpayers are having to throw the horribly misnamed ‘tax credits’ (actually benefits) at all these immigrants on low-wage jobs. Here’s a chart I dug up from deep within the bowels of the Office for National Statistics (click to see more clearly)

It shows that the amount we pay in tax credits (benefits) has shot up in ten years from £16.4bn to £30bn a year. So, we are borrowing this £30bn each year to give to claimants (mostly immigrants) in low-paid jobs. With 5.7 million people getting these credits, that’s about £5,263 per claimant. Then if you add in say one million British people whose jobs have been taken by immigrants and who are getting say £10,000 a year in benefits and housing, then that’s at least another £10bn we’re paying. Oooohh look, our supposed ‘economic growth’ may actually just be our rulers borrowing over £40bn to give out in tax credits to immigrants and benefits to Brits whose jobs have been taken by immigrants.

3. We are becoming wealthier. True that our GDP is rising But as so many people are flooding into the country, we are all getting on average much poorer as the GDP per capita has collapsed (click to see more clearly)

And our debt per capita has shot up (click to see more clearly)

We’re not becoming wealthier, we’re just becoming ever deeper in debt.

Then when you consider that around 580,000 people per year are swarming into our country, our quality of life is deteriorating. Our schools are overcrowded, our roads are gridlocked, the NHS is collapsing under the strain, crime is rocketing and homes and rents are becoming unaffordable.

These are the real ‘bright uplands’ of the Coalition’s economic achievements!

(I’ll try to find something more cheerful for tomorrow)