Monday, October 8, 2007
I’d be VERY annoyed with my predecessor!
"Mr Darling has entered Number 11 at a very interesting time" - Investec economist Philip Shaw Concerns that economic growth is set to slow and the public deficit is set to widen are coupled with signs that the housing market may have peaked. Slower economic growth means reduced tax revenues for the government, and the spending targets set by Mr Brown when he was still chancellor will be hard to meet...Especially as his hands are tied by Mr Brown's "golden rule"; a pledge to only borrow to invest, not to fund current spending. - I thought Broons Golden rule was to completely f*ck us all over!