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Brown To Blame For Economic Slowdown

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Things not looking any better for Brown...

GORDON Brown, Britain’s Chancellor of the Exchequer, is directly responsible for the dramatic slowdown of the British economy, a leading forecaster will warn on Monday. Brown is also accused of procrastination, imprudence and trying to pass the buck in a devastating report by the Ernst & Young Item Club to be published this week.It says that instead of blaming oil prices and weak growth in Europe for Britain’s problems, Brown would do better to look closer to home.

I particularly liked this quote...

Looking for scapegoats, Brown is trying to pin the blame on the recent spike in oil prices and the weakness of the European economy. But the problems were plain to see at the time of last year’s Pre-Budget Report in December. Instead of addressing them, the Treasury chose to dress up the UK finances for the election. The problems are actually home-grown, born out of a booming housing market and strong consumer spending, which has propped up the UK economy ­– until now.

http://thebusinessonline.com/Stories.aspx?...2E-D07EB5AA1CEE :rolleyes:

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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