The LibDems odds are now 4/1 on! Did you get your bet on yesterday Mr Wood as I advised? This is despite the BoJo show hitting town yesterday. BoJo was great value. Only the Dof E on Fillipino nurses got a better press yesterday. BoJo is that rare thing a very clever man who acts the buffoon but even he, like the mother superior in the Sound of Music, cannot solve a problem like Maria. O'Farrell is making bad jokes and destroying the Labour campaign and not even the former LibDem mayor leaving the LibDems because of their 30 lies and broken promises has not dented their campaign.
UKIP are pushing at an open door. BoJo nailed Clegg on the secret Balkan immigration figures now UKIP's core policy since the demise of the BNP. Ms James is having to do little other than smile sweetly and warn on the demands more EU immmigrants will put on green belt land. UKIP's odds have come into 12/1 at Ladbrokes. Steadily the Tories are giving up on Ms Hutchings and many will vote UKIP. Pulling her out of Radio5 live hustings shows they have given up and are trying to limit the damage she is doing. Ditto for Labour and o'Farrell. So UKIP has a squeeze on the Tories and I now expect Ms James to get over 20% of the vote.
Ms James has done well but another gaffe from legover Clegg could push her vote up to nearer 30% if Farage stays away. He is a vote loser in Eastleigh as is Nuttall. They don't appreciate a Liverpool accent down South associated as it is with militant Trade Unionists. They also do not appreciate Arthur Daley types clad in camel hat coats with velvet collars reeking of fag smoke. It also reeks of spiv. They like nice pleasant middle class ladies like Ms James. Farage keep out and take Nuttall with you!
The BoE under Sir Merv has run out of ideas. Carney cannot arrive soon enough. Voting for more QE shows just how out of touch he is. There is no evidence whatsoever that printing money boosts economic growth. Ask Robert Mugabe and the people of Zimbabwe.
When at the BoE I despaired of how the MPC could only see the one side to their often ill-judged actions. Printing money drives up the price of gilts which reduces their yield. This trickles through to Joe Public's building society accounts which Charlie Bean thinks they should be spending. Easily said if like Mr Bean you have a huge, RPI linked, pension. But if you are a prudent pensioner on a state pension you are very reliant on that little bit of extra income you get from your savings. Take my advice spend it while you can on a nice cruise and then claim your increased social security benefits and add to Gideon's woes. Don't feel guilty about doing this, He does not feel guilty about screwing you.
It also hits corporates like insurance companies. RSA one of the biggest cut its dividend this week because of falling returns on its asset portfolio much of which is gilts.
In terms of monetary policy our country is in as big, if not bigger, mess than the Eurozone. King has proved to be a disastrous governor when the going got tough. He is out of touch because he only listens to other economists.