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Brown's Great Escape From Budget Ennui?

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Brown has fooled a lot of people. Most still think this guy walks on water. The economy has been hollowed out by stealth. I'm still interested to see what he does with the banks. I'm glad the oil companies are starting to fight back but will he screw the banks over rather than us proles?

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"His own past history, and basic political strategy, suggest that the Chancellor will want to ensure that he has the funds available for populist, pre-election spending in a few years’ time."

He will try his damnest to get this war chest ready for spending in the run-up to the next election. He can't afford to alienate all the middle income home owners just yet and will do all he can to postpone the crash, who would vote for someone that had been instrumental in writing-down a big % of the value of their homes? I'm afraid its another sign for a long drawn out price correction rather than a HPC.

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Well here is a further £5 Billion he has to find:

State 'misled workers in bust pension funds'

The government faces a £5bn bill to compensate 85,000 workers who lost their pensions when their employers went bust, amid growing speculation that a report this week by the parliamentary ombudsman will pin the blame on the Department for Work and Pensions.

The long-awaited report by Ann Abraham, to be published on Wednesday, is expected to say that the government misled workers by falsely promoting the idea that company pensions were guaranteed...

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  • 342 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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