Guardianista inadvertently makes case for UK not assisting Ireland bail out

Deirdre Duffy (left) is a PhD candidate and researcher in social policy at the University of Nottingham. She is also co-editor of the blog Human Rights in Ireland, which is part of the Guardian Legal Network.

This of course in the eyes of the Guardian makes her suitably qualified to talk about economics in a piece on Comment is Free and declare that the UK is little better than Ireland economically, posing the question ‘Ireland has received a media bashing over its economic policy – so why is the UK replicating its mistakes?’. Ms Duffy goes on to say:

Call me cynical, but it doesn’t look like the UK is doing much better than its neighbour. It’s true, Ireland’s in trouble. And yes, it’s going to cost us all. As the Guardian reported, the cost to the UK taxpayer of bailing out the Irish economy will be in excess of £7bn. Not only this, but other EU countries such as Portugal already fear Ireland’s toxic debt will have a contagion effect. But in many ways, the UK is in a worse situation.

Though Ireland’s debt is undoubtedly huge (£90bn), it’s a drop in the ocean compared with both the UK’s current national debt (£950bn) and the total personal debt of UK households (£1,457bn). Estimates suggest that by 2015, the average debt of every household in the UK will amount to more than £70,000 – almost three times the current national average household income. At present, 1,753 people in the UK are made redundant daily, while 787,000 people have been unemployed for more than 12 months. In 2009, a property was repossessed every 10 minutes. Every four minutes, someone in the UK is declared insolvent.

The rest of her piece is typical Guardian big statist exercise in economic illiteracy where she decries Irish spending cuts that, if they had not been made, would have actually resulted in that country’s national debt being even bigger than it already is.

But in the segment quoted above Duffy makes a valuable point. For if as Duffy says the UK is in a worse situation than Ireland and our national debt dwarfs that of our celtic neighbour, what business does the UK have finding at least £7 billion (probably through additional government borrowing) to contribute to the EU mandated bail out fund? Surely that is the kind of economic insanity she is trying to rail against.

All it shows is that people like Deirdre Duffy don’t think things through. They put all the dots on the page but mentally they are incapable of connecting them to see the picture in front of them. But then, that is why they hold the ludicrous ideological positions they do and why they are writing in that pisspoor paper to begin with.

3 Responses to “Guardianista inadvertently makes case for UK not assisting Ireland bail out”

  1. 1 WitteringsfromWitney 16/11/2010 at 5:55 pm

    And more to the point, what exactly does someone who looks as though she has just left school (or even is still at school) know squat diddly about?

    Mind you – not much difference from our politicos, whose education obviously did stop when they left school all those years ago!

    And we wonder why the country is in such a mess?


  2. 2 Hugh Bicheno 16/11/2010 at 7:27 pm

    You’re so right – “they put all the dots on the page but mentally they are incapable of connecting them”. Since one of the characteristics of leftists is their complete inability to learn from experience, I wonder it’s some form of autism.

  3. 3 Derek Reynolds 16/11/2010 at 9:16 pm

    ‘You’ve only lost a million Dollars’

    The EU economy.

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