Tuesday, January 22, 2008
Ed Balls: UK economy is “robust” ;-)
Watching breakfast news this morning and seeing various markets and then behold Ed Balls: "The UK economy is robust, inflation low, economy is in good shape". Looks like BBC couldn't get a current treasury spokesperson on so they got a former treasury man in there. Since he is now in education, perhaps he ought to drop propoaganda from the syllabus. We've spent out money earnt in the last 10 years, credit and bankruptcies are soaring, banks are at bursting point, there are more walking dead than Michael Jacksons Thriller vid, the RICS see a tough year, mortgage lending is drastically down in the last months of 2007. Clearly Gordon and the Brown Noses are recruiting all the ministers they can to comfort us into thinking the UK is immune from all this and recent gloom is just a dream.