Sunday, September 23, 2007

Brilliant because he bowed to Government pressure?

UK's Brown Reaffirms Confidence In BOE's "Brilliant" King

LONDON -(Dow Jones)- U.K. Prime Minister Gordon Brown Sunday reaffirmed his confidence in Bank of England Governor Mervyn King, despite the failure of a rescue package announced by the central bank to halt a run on Northern Rock PLC (NRK.LN).

Posted by david20040_0 @ 11:46 AM (784 views)
Please complete the required fields.



9 thoughts on “Brilliant because he bowed to Government pressure?

  • “U.K. households owe a combined GBP1.4 trillion. But Brown said that was a positive development, not a negative one.”

    I am utterly speechless …

    Reply
    Please complete the required fields.



  • Yup and the Govt will continue to bail at the expense of the taxpayers.

    Reply
    Please complete the required fields.



  • Eyeoftheweasel says:

    It’s sad that King seems to have buckled to pressure from Brown’s stooge at Number 11, or more likely from Brown himself, to bail out Northern Rock. If that wasn’t the reason for his change of heart then he shouldn’t be in charge of the Bank. However, if that was the reason then I think he should have threatened to resign, leaving the main culprit for the whole mess to face the flak, Brown himself (although I’m sure even then Darling would have been made a sacrificial lamb first).

    Reply
    Please complete the required fields.



  • This is the real reason why the UK is contemplating leaving Iraq – we can’t afford it any more.

    The bail out of the NR would have helped the MoD considerably – let alone other public services.

    Reply
    Please complete the required fields.



  • Of course sirgoogle. It was for economic reasons that we invaded in the first place. If economics dictate we leave, we will leave. This is exactly what we did with India in 1947.

    Reply
    Please complete the required fields.



  • Mervyn will be praised by Gordon for the next 2 weeks. It’s alteady clear he is going to cut IRs in 2 weeks.

    This will help the feel-good factor before the election.

    You have already read on this site that the next sub-prime wave hits end of November and inflation will ramp up fast in February 08. If you were a politician and concerned for yourself, what would you do?

    Reply
    Please complete the required fields.



  • Ihopeitgoeswithabang says:

    “There will be a choice between a government that is determined at all times to maintain the growth and stability of the British economy against an opposition … that is willing to put the stability of the economy at risk.”

    hmmmm is this the same baboon that once said

    “I will not allow house prices to get out of control and put at risk the sustainability of the recovery”.

    Reply
    Please complete the required fields.



  • I will be leaving UK if GB wins a snap election. I find him equal to Blair in his ability to really piss me off, everything he says is a total lie…..

    Reply
    Please complete the required fields.



  • Doesn’t affirming his confidence in the guy mean the opposite – or it would not need to be said unless others were voting for non-confidence.

    Hrmm… lol

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>