Thursday, December 1, 2011

Don't Trust the Office of Budget Responsibility!

Don't trust them and here is why ... this is simulcast on Duncan's Diurnal Diatribe blog too


It was autumn budget statement time in the House of Commons the other day and the Chancellor of the Exchequer went on and on about how bad it's going to be be for you and me!

Cut a long story short: if you know the HOCKEY STICK EFFECT then what you are about to see will shock you. The OBR data that I have seen and on which the Chancellor's statement and financial policies are based contain many hockey stick effect examples: here are just two.



In case you think I made these two charts up for a joke or for a more nefarious reason, take a look at my excel master.co.uk blog post from earlier today where you will see more evidence and a link to the source of the data I have used: go here ... http://excel2007master.wordpress.com/ and look for the post entitled UK Government Spoke the Words, here is some Excel Analysis.

I think it's possibly shocking and potentially massively damaging for all of us.

DW