Friday, April 20, 2007

More good news!

The king-sized hangover we face - as Brown takes over

The chancellor's claim on No 10 is the economy, but it's not quite the inflation-proof show stopper it's been cracked up to be

Posted by inbreda @ 10:46 AM (472 views)
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3 thoughts on “More good news!

  • I haven’t been able to access the Guardian at all – so I’m unable to read this article. I’d appreciate it if some kind person could summarise it for me here.

    I find it interesting that mainstream media is starting to see through the smoke of Crash Gordon’s economic miracle. More of this to come I hope.

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  • Shipbuilder says:

    “Britain has become a giant offshore hedge fund in which the viability of the balance of payments depends on the City’s ability to gamble more successfully than its counterparts in Frankfurt, Tokyo and New York, and where an excess of cheap money has allowed consumers to feed their spending habit, either directly through their credit cards or by using their homes as cash machines. The result is an economy in which the financial sector is the main source of growth, and which is even more heavily skewed towards the south-east of England than when Labour came to power. The gap between rich and poor is growing too.”

    Couldn’t have put it better myself.

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