OLYMPIC EFFECT: Rooster Boris in booster Benito bollocks drive shocker

 Drill into the ‘London boost’ numbers, and you will discover a myth

It’s become almost impossible now to find a headline anywhere in the Daily Barclaygraph that isn’t about how Boris Johnson must surely be the answer to all problems everywhere. Today’s business lead screams ‘UK unemployment falls amid Olympics boost’, one of those odd uses of false correlation to which biased newspapers are prone.

I feel a deconstruction coming on. With a 42,000 drop in unemployment, London accounted for just under a quarter of the national reduction at 201,000. However, London as a City has a gdp of $600bn, almost exactly 25% of of the UK’s $2.4 trillion gdp. So there has been no London ‘boost': the capital put on real jobs in line with the rest of the country.

London is, by the by, far and away the most visited city in the world. But visitor numbers – as we saw yesterday (despite Jeremy *unt’s garbled dissembling) – fell. So too did business turnover overall. So in that sense – given tourists and their consumption are counted as exports – the Games were a financial disaster. The man most responsible for the stay-away in London was, without doubt, Boris Johnson.

I have no doubt that the Olympics created new jobs in London – but the figures suggest the vast majority were short term: the number of temporary/part-time workers reached record highs in he capital. So, not so much a boost then as a brief burst of speed just before the rickety motor-bike’s tank fell empty.

And the UK economy has indeed tanked: there was a boost in London based temporary work – an amazing 42 out of 46,000 of the total were in the capital – but the UK’s economy is not employing our youth, whose unemployment stayed exactly where it was – above one million.

We will continue to be fed bollocks about boosts – ‘Booster Boris Bangs on Number Ten Door’ – until Borisito Johnsonini is installed as Il Duce or something  similar. But for those of us in the real world, the Games were a net oncost to Great Britain, a blow to London’s economy, and a fortnight of athletic distraction from the truth: Britain’s service industries represent 73% of the economy. We are more dependent on them than Russia is on energy…and people need energy far more than they need services.

A lopsided economy overall, however, is the least of our problems compared to the fact that most of those services are financial. The world of finance in 2012 is like a tyre with a slow puncture, with somebody just about to pull out the nail. Greece, Spain, Italy, Berlin – take your pick. We are powerless to affect any of that, thanks to our ridiculous, powerless membership of, and dependence upon, the European Union.

Related: More itchy balls from Jeremy Brush

39 thoughts on “OLYMPIC EFFECT: Rooster Boris in booster Benito bollocks drive shocker

  1. I understand the unemployment figures were for the quarter to the end of June. So very few of the temporary Olympic employees would be included. So it is more probable these were real jobs. We’ll see the “Olympic Boost” figures at the end of this quarter & thereafter

    • @kfc. Nice one. These are Local Exchange Trading Schemes. At least three other towns, Lewes, Totnes and Kingston upon Thames have been running these for some time. A great idea for the odds and ends in your life but there are buts…. They need a great deal of energy and commitment from a core group to keep going, and the trades which could be useful, like motor repairs, building work etc are under-represented. Still worth investigating. Search Local Exchange Trading Schemes on the ‘net for one near you.

    • I’m notoriously looking for another currency in which to hold my fiat – but this one as a non-floating currency strikes me as absolutely pointless.

      • It helps keep money and financial activity within its local area thus buoying the local economy. I dont see this as pointless. It does however need a good level of participation to return visible benefits but that is no reason to poopoo it. Think beyond the frikken box man!

    • Kfc: On the above basis, prepare for Bristol to be invaded shortly by the US, with the UK armed forces in support.

  2. The best way for them to increase employment (productive employment, not more service jobs) is to encourage construction. They kind of realise that, but suggest big, dumb infrastructure projects like container ports, cloned river bridges, M25 10-lane roundabouts, and railway lines that take 30 years and cut 2hr journey times by maybe 10 mins. -under seductive pressure from big banks and big construction lobbyists. These do not create enough jobs for the money (which is foreign anyway),
    The best way would be to remove VAT on domestic refurbishment. Since no-one can move house cos they can’t get a decent buyer or a higher mortgage, they will spend on improving and extending their homes. VAT (non-deductable for people as opposed to companies) is levied at 20% on the cost. A straight penalty by government against growth.
    Construction is the biggest useful employment sector in this country, you could train and employ hundreds of thousands by small businesses; far better than by big businesses, who really don’t employ many, and probably don’t pay their taxes anyway.
    If Revenue & Customs don’t see that, remind them that we are now growing a solid black economy in this country, it will eventually rival Greece and Italy. Cash only, no taxes. The 99% fight back any way they can, they can play at tax evasion too,

  3. Excuse the flippancy, but talking of the Unemployed or Under-employed around the London Olympics…..Whatever happened to Wenlock and Mandeville …the London Olympic Mascots? Did anyone see the amorphus cyclops characters anywhere at any time in the past 3 weeks ? ‘cos I did’nt

    I can’t find how much they cost to design or develop, we know Das SS logo was £400,000 odd……but however much it was, sure looks like money totally down the drain to me. Luckily, they do seem to have been sensibly and discretly dropped out of sight before they could attract any major International Ridicule !

    • I saw mo farah carrying one after winning the 10,000. My immediate thought was:

      “what the f**k is that thing?!”

      I had no idea that the Olympics even had a mascot. God knows how much money was pissed away on that.

      • I remember thinking, when they were first paraded out to the press and public, (to a somewhat bemused reaction), that they sounded like characters from Conan Doyle and looked like something out of ‘Doctor Who’. I’m sure Boris thought they were splendid names. I expect several people were inside those bizarre outfits at the various games venues, so a bit of a lift for the employment figures anyway. Unless they were volunteers – does olympic volunteering count as a job for government statistical purposes?

    • I always thought (and correct me if I am wrong) that a national police force had no authority in a foreign embassy. Or at least it seemed so when Yvonne Fletcher was murdered. I guess there could be a difference in the Assange case because he was involved in exposing the lords and masters of the universe.
      The mention of a news blackout is worrisome (but not surprising) though it did get a mention in the scrolling bar on RT !

      • First time I’ve found myself rooting for an Aussie!

        On a more serious note: this is potentially the worst of crimes about to be committed in the name of being a good lacky for the U.S. of this goes ahead its a going to be a terrible stain on the UKs reputation.

      • @Morningstar. Apparently we passed a law in 1987 making it legal. Following the Yvonne Fletcher case. But the effective role of the embassy in that instance was somewhat different. There are several types of Vienna Convention (apart from the 1961 version of diplomatic immunity) which could have a bearing on this latest move re Assange.

        Perhaps someone with a legal background could enlighten us?

    • @james c. I would suppose the UK’ s only option would be to storm the embassy using either police or the SAS. The cameras of the world would be on that and give the world the idea of the UK as a police state. (And that coming straight after an Olympics guarded by the military. Great P.R. for Britain, what?)
      Whatever the rights and wrongs of the Assange case, the thought that sanctuary is no longer held sacred by the UK is one that makes me ashamed to be British.

  4. Pingback: John Ward – Olympic Effect – Rooster Boris In Booster Benite Bollocks Drive Shocker – 16 August 2012 | Lucas 2012 Infos

  5. So the Employment figure are baffling even to the experts,they do not understand what is going on,well in a corrupt world i suggest the figures like everything now a days are corrupted

  6. “Unemployment” has, in my view, gone down because people have been turfed off the register. Also many people are in “zero hour” part time jobs (I think there was something about this on the MSM the other day). Real unemployment almost certainly has not gone down.
    With regard to the Olympics, as previously stated, I didn’t want us to get it because it costs a bomb. And yes, London was deathly quiet during the Games-so almost certainly trade was lost.
    Off topic-yes it looks like we’ve threatened a sovereign state’s territory (i.e. its embassy) at the behest of the US-quelle surprise! Whilst we probably have no real choice in the matter, being America’s streetwalker (to quote John le Carre) is bloody annoying. I wonder if the US will support us over the Falklands? Silly question, I know.

  7. Retail sales are up and the economy “isn’t as bad as everyone thought”.

    Trying to figure out the cause? It’s obviously not because the above statement is true so is it diamond jubilee junk-buying? Temporary (believe me it’s temporary) falls in oil and petrol prices giving people a little more disposable cash or is it just the usual stat massaging?

  8. “We will continue to be fed bollocks about boosts”

    This is the phrase that underpins this particular blog post. I’m glad that someone is there to remind me to look beyond dates, statistics, personalities etc. I’ll keep an open mind, keep reading and weigh up any objections others may have.

  9. Well then, if nothing else, it looks like Boris Johnson has revealed himself as the troll bait of choice for a few weeks to come. Should come in handy when a distraction is required.

  10. Sydney’s experience was that there was a boost in temporary jobs but that it was not long term. Once the construction workers had moved to Queensland or Western Australia and the mining boom hit those states, New South Wales now has one of the higher end unemployment numbers. We now have what the ‘experts’ call a ‘two tier’ economy with some state booming and others not. The Olympics is a bread and circuses/smoke and mirrors/ etc quick fix. Everyone felt good for a bit but then reality bites. Don’t expect any long term employment fix from the Olympics. They are at best a 100 metre dash!

  11. No it isn’t. Because if you took time to absorb the contents of the above you would see that a “UK unemployment falls amid Olympics boost” / false correlation argument is being pursued.

    I wouldn’t expect any quarterly statistic to reveal anything of value in the Olympics/Payoff debate. Nice and shady.

  12. “that’s a distraction”

    No it’s accurate, which is no doubt why you would like to label it a distraction.

    Off topic but it is quite interesting to watch how hard the Right are now working (particularly in comments on this Blog) to match the disingenuous spin once so comprehensively managed by the Left. Better late than never I suppose from their viewpoint. From my perspective most people have had a bellyful of New Labour type falsehoods. Now that the Right have so belatedly embraced it they may well discover it will do them more harm than good.

  13. “jwoo – no idea where you get far right from .this is about john ward constructing his own bollocks to take pot shots at bojo .i thought this site was about deconstructing bollocks .such irony .”

    Wrong again, this was about how the MSM was bigging up BoJo on the basis of the Olympics and any and everything else they could at the minute, undeservedly. Come on, ‘such irony’?

  14. “sorry but i cant keep explaining how to suck eggs”

    Goodo, you have my support on that.

    But I fear you are missing the point here. Boris is (now) the Olympics, he is doing his bit to make them his own and to be fair doing a better job of that than Cameron and Coe. That is with the help of some of the MSM who would clearly like to see BoJo go for (a long road I grant you) the leadership.

    Now widen your view to embrace the chicken rather than just the egg and you may yet see what JW is poking a stick at, in my opinion of course. If I am wrong no doubt it will become clear.

  15. “jwoo – bwaaaah . you’re just repeating wild speculation to justify a post from ward which doesn’t contain one single bollocks deconstruction . yip yip yip .”

    Wow, some real intellect has gone into that response.

    Ok, let’s agree to differ. But of much more interest to me is that if you are representative of the BoJo support camp then maybe there is more to the anti BoJo staff that has appeared in some comments on here than is first obvious. I had only seen his slightly humble able to laugh at self side. Now all the other reports begin to have credibility, and you are providing it. Again wow, real intellect.

    Does he know he has the sort of support you are providing?

  16. “your pathetic attempt to snipe at me by creating strawmen distractions simply adds to the evidence of weakness of your whole argument ”

    If you are going to throw your arms about and generally shout about how clever you are, you should at least take the time to establish the real meaning of your main complaint against your opponent (s) .

    A ‘strawman’ argument is one in which an opponent misrepresents your argument in order to disprove what you were not saying. It is not an argument presented by your opponent which because of your arrogance and certainty you can not grasp.

    Now that was the first snipe you have had from me and it is combined with my last attempt to indicate to you that your mind is closed and therefore not worthy of further engagement.

  17. Calm yourself r b c, I’m typing on a rubbish Netbook and trying to keep it brief and failing.

    Last first, don’t be silly, I don’t like the campaign being mounted against JW at the moment and if you are part of it I won’t like you either. I’ve been reading him long enough to respect his wit and his writing, have you?

    Now to the rest,

    Ok ‘r b c’ you reckon you have an open mind. Bearing in mind you are still equating the word ‘strawman’ with anything you don’t like, rather than it’s proper meaning I suspect I’m wasting my time, but lets see how ‘open’ your mind is and if you can join up the dots.

    First let’s get the ‘strawman insult’ out the way once and for all shall we, it wasn’t any sort of ‘strawman’ it was a snipe and labelled as such by me. It indicates how your excited, animated style would be represented if the words came off the page and were spoken. That is an observation, albeit a critical one and therefore a snipe, not a Strawman or anything else, ok?

    Now, the keyword in the Blog is ‘boost’. JW is correctly pointing out that since forever the Olympics have been flagged up as a boost for London in particular and the UK as a whole. It has cost a lot of money and as a result largely of BoJo’s personal pleas for Londoners to stay away if possible, London as a shopping and tourist centre has suffered. There is plenty of repoted evidence for this, you must have seen it. However, from a medal perspective and because everyone who could stayed away, the games went off without the expected gridlock. The same BoJo who has repeatedly claimed the games would bring a boost to London economy.

    Since the closing ceremony, the MSM has been reporting a boost effect from the games which is at odds with the evidence from businesses. JW’s Blog states the Tele headline as “‘UK unemployment falls amid Olympics boost’”. The Tele article is his lead into the Blog not the evidence for it. The evidence for it is everywhere else in the MSM, you must have read it.

    The ‘boost’ is intended to be all about Boris, surely you can see that?

    Now your evidence for the allegations against bias by JW and a ‘hate’ for the Tories (your words) is that BoJo’s name doesn’t appear in the article. But that is not relevant to the whole, if you join up my dots.

    Now all of that, as I have already said is about opinion, so for either of us to use the word evidence to describe what each has said is frankly presumptious, it is really indication open to interpretation. That is all.

    Now if you are going to come back all shouty and superior full of accusations and general superiority, please be assured I will not read past the first line. If you still disagree and think my connections tenuous, sobeit. But that will not be evidence to support your allegations of JW’s bias, merely a difference of opinion.

  18. Real bollocks deconstruction: “for your information i do not particularly like bojo and no one could ever claim i am supporter of his ”

    My gut is telling me this is total bollocks.

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