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Simon Heffer: "brown Has Tried To Rig The Markets"

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Simon Heffer sums up the economic mess Brown has created, in today's Telegraph:

...He (Brown) has been doing exactly what the disastrous Tory chancellor Tony Barber did during the oil price boom of 1973. He has pumped money into the economy, trying by interventionist means to keep everything buoyant: in effect, trying to rig the markets. Therefore, we have inflation rising towards a level that is dangerous for our economic equilibrium. In fact, it has probably already gone well past that point.
....There is a threat of further interest rate rises next month. Whenever they come, there will certainly be more. Thursday's rises will already add to a growing trend of house repossessions. Subsequent increases may cause an avalanche. The effects of Mr Brown's mismanagement could be ghastly over the next few months. It won't just be that some people will no longer be able to afford to pay their mortgages. Property prices will fall, in some areas quite precipitately.....
...So it is probably just as well that he looks like getting out of the Treasury just in time for someone else to have to take the bucket and shovel and clean up the appalling mess he has made. In that reality-free way that he has, he will no doubt, as Prime Minister, either fail to see what the fuss is about, or blame the public for causing the problem. Either way, the poor old pips will still be squeaking.....

It's Brown's fault we have to tighten belts

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Good post.

I have my fingers crossed that Tony Blair will keep the dead bird tied around Gordon's neck for at least another six months. That should be enough to really put people of this deeply dishonest and arrogant chancellor.

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  • 442 Brexit, House prices and Summer 2020

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      • down 5% +
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