Friday, July 28, 2006
Brown’s ‘miracle economy’ is a sham
Of all the lies New Labour has told, the one for which it will pay the highest price is its claim that it has buried inflation............ Now, however, they must be worried. For the myth that inflation is dead is being exposed. Hardly a day goes by without some price rise or other.........For more than a decade, we have been dozing like lions, lolling luxuriously in the sun. But Britain is now so indebted that even the tiniest rise in interest rates to combat inflation will wake us up with a fright. The City is forecasting that it could come as soon as next month............In the circumstances, isn't it about time that the Conservatives opposed the Chancellor, instead of quivering in his shadow?