#CostofCameron More like #CostofMiliband

I Posted a few days ago about Miliband's ridiculous idea to make me change Bank Services Provider even if I am perfectly happy with who I currently use. I was wondering how bad for the Economy Miliband actually is so I thought I would look at the effects of his words.

The Twittersphere is awash with the #CostofCameron being pushed by Labour at the moment, essentially Labour pushing the myth that if they had stayed in charge then despite constant rises in the previous 13 years prices would have suddenly stopped going up somehow. And please don't be deceived in thinking that Labour want to keep down inflation, inflation in an economy is only used to reduce the size of government debt, therefore the party who is the biggest debt addict will also necessarily be the biggest inflation addict.

Anyway, as I said, I wanted to know exactly how bad Ed Miliband is for the UK economy, bear in mind this is only as "Leader" of the Opposition, Were Labour to get control of the economy this would only get worse.

Before Ed Miliband started to leak the details of his "Forced Bank Moves" policy then the UK top four Banks had a combined market capitalization of £617 Billion, After he had finished and the news had been discussed widely the Market cap had fallen to £608 Billion.

Therefore the #CostofMiliband is around £8.979 Billion per speech.

Now I know that many people may think that this is just the Rich being hit so why should we care, but don't forget that less than 1% of shares are held by individuals, If you have a pension, then Miliband just made you poorer.

Even more directly he has also reduced the value of the Government's investments (80% of RBS and 33% of Lloyds) the effect of Ed Miliband's speech on the coffers of the Government were:
Value before speech £38.533 Billion (Actually £38.533.518.240)
Value now £37.346 (Actually £37,346,059,216)

Therefore the Direct #CostofMiliband is £1,187,459,024 

To add some context, according to The Guardian this would be enough to build 23 Hospitals or 39 Secondary Schools - Or Heaven forbid, actually pay off some of the debt taken out by Labour in the first place.

So next time you hear that the #CostofCameron is £1,600 after three years in power, remember that Ed Miliband cost us all (Well anyone with a Pension, Savings or who pays Taxes) £8 Billion just by opening his mouth.

Just to make things more transparent, here are the figures I used.