Tuesday, Aug 29, 2006

Gordon Brown: Economic Stability

FT.com: Tough choices that safeguard stability

These have been a turbulent few months, both in the battle against terrorism and for the world economy. In Britain, we have been at the sharp end of terror alerts and we must remain vigilant against all security threats. Around the world, stubbornly high oil and commodity prices and continued tension in the Middle East have contributed to fears of further inflationary pressure and have threatened growth. In Britain we have faced the second-round effects of those high oil prices on gas, electricity and utility bills. But even during these turbulent months the British economy has been showing a capacity to withstand its share of these global shocks.

In every other decade, an oil shock by itself would have threatened a return of the traditional British stop-go. But once again our economy is demonstrating the resilience that has given us the longest period of unbroken growth and stability in our history.

Posted by jason @ 06:54 AM (635 views)
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13 Comments

1. The Bald Man said...

I trust nobody on this board believes this spin. Taxes are the highest they have ever been. (All the tax rises have conveniently been left out). Uk debt is at its highest ever level. The cost of the civil service has grown dramatically. Pensions are in a mess. The UK infrastructure has not significantly improved.

Tuesday, August 29, 2006 09:23AM Report Comment
 

2. paul said...

1 in 6 want to emmigrate, the birthrate has dropped off a cliff, the balance of payments is in shocking deficit, the public sector has overborrowed massively, the housing market looking decidely shaky, the pensions sector is in chronic disrepair, inflation is jumping by the day. UK plc staring down an abyss ...

QUICK! wheel the Chancellor of th'Exchequer out to say a speech with "British resilience" in it.

Nice try Crash Gordon.

Tuesday, August 29, 2006 10:31AM Report Comment
 

3. Rainbow said...

30billion ($15.8)!?
Top financial paper!

Tuesday, August 29, 2006 10:54AM Report Comment
 

4. Leaving The Country said...

I'm 1 of the 6 leaving..........so I hope there is a big crash.

I miss the debt diary from the BBC. She represents all that is wrong with society. It makes my day to see the comments on here making fun of her predicament. I presume she is dropping the spog, hence the late posting on Biased BBC.

Tuesday, August 29, 2006 12:29PM Report Comment
 

5. Sloth (friend Of The Tpa) said...

Yasser Arafat was described as "stable" for the week he was brain dead and on a life-support machine!

Economic growth only comes from economic freedom. It will not come from Gordo's massive socialist urge to think that people making a profit are evil and need to be punished.

Tuesday, August 29, 2006 01:01PM Report Comment
 

6. Surfgatinho said...

I think there are a few things Gordon isn't mentioning here!

Tuesday, August 29, 2006 01:05PM Report Comment
 

7. This comment has been removed as it was found to be in breach of our Blog Policies.

 

8. Bubbles. . . said...

Paul I agree with you there...and add first time buyers running away and at there lowest numbers ever...BTL at its highest ever wonder whats supporting this crazy market????..Intrest rates to rise this month not unless Gordy stops it with his insider biast voting...

Tuesday, August 29, 2006 01:35PM Report Comment
 

9. tyrellcorporation said...

Crash Gordon will be kacking his tarten boxers and pulling out all the stops to prevent an IR rise... The whips will be working overtime to be sure...

Tuesday, August 29, 2006 07:01PM Report Comment
 

10. indiablue19 said...

This is a joke....right?

Tuesday, August 29, 2006 10:10PM Report Comment
 

11. Waitingfor Hpc said...

typical of the big red scot. The wheels are off the car - time to tack crash positions. I am 1 of the 6 that want to leave but from people i talk that is more like 1 in 2 !

and i agree with my learned friends - UK is broke, lacking good leadership (for over 10 years), and the people lost touch with reality.

I just can not wait to leave and at 30. Running a succesfull business will take my money and profit making experience to a country that values it.

And find a country where being white, and single is a good thing. The town i was born in has been invaded, as a Kent man all my life i feel let down by the Govt. I speak English, and like being English but today that seems to be a crime.

Wednesday, August 30, 2006 08:45AM Report Comment
 

12. waitingfor hpc said...

typical of the big red scot. The wheels are off the car - time to tack crash positions. I am 1 of the 6 that want to leave but from people i talk that is more like 1 in 2 !

and i agree with my learned friends - UK is broke, lacking good leadership (for over 10 years), and the people lost touch with reality.

I just can not wait to leave and at 30. Running a succesfull business will take my money and profit making experience to a country that values it.

And find a country where being white, and single is a good thing. The town i was born in has been invaded, as a Kent man all my life i feel let down by the Govt. I speak English, and like being English but today that seems to be a crime.

Wednesday, August 30, 2006 08:46AM Report Comment
 

13. Mrminsky said...

Stubborningly high oil and commodity prices are linked to the easy monetary policy conducted by the Bank (Gordon) and the US Federal Reserve these past 5 years. Money is like water; it will flow through any channel that offers slim resistance, and cheap money has faciliated fantastic speculation in commodities and oil. Western policy makers have also assisted Chinese demand for commodities; by supporting the Chinese currency peg to the US dollar, China has effectively outsourced its monetary policy to the US. With interest rates so low in the US, China has enjoyed spectacular growth (and demand for oil and commodities).

Wednesday, August 30, 2006 09:05AM Report Comment
 

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