Monday, October 8, 2007

I’d be VERY annoyed with my predecessor!

Alistair Darling's toughest challenge

"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!

Posted by disillusioned @ 11:12 AM (566 views)
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2 thoughts on “I’d be VERY annoyed with my predecessor!

  • Dear Darling
    I was filled with joy to hear that you had entered number 11 at an interesting time, by ‘interesting’ does this relate to having your hands tied by El Gordo? I call that bondage!
    I can see that you are indeed borrowing to invest, but my Darling, surely investments should show a remote possibility of returning a profit? investing in Northern Rock as you have done is much the same as buying something expensive, sparkly and as worn by Posh or Jade, using the department store credit card @ 35% apr and then telling your friends that it was a good buy and will prove to be a good investment.
    Now my Darling, please pay attention to those nice men from the big banks, they will tell you all that you need to know, and will always tell you the truth. So run along now and drop those nasty interest rates and put another cash injection into the banking system, you know it makes sense! and if in a short time the news of the economy is such that you want to poo your pants big time you will have some idea how the sheeple suckered into the miracle economy feel.

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  • Its like the second plumber coming in and saying the same.

    Ooh!! Who has done this… Its gonna cost you

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