Monday, September 1, 2008

Darling sends pound crashing

Darling sends pound diving

"The pound crashed to a record low today as the City reacted to Chancellor Alistair Darling's warning on the economy." The print version had "crashing" rather than "diving" - why the difference?

Posted by dohousescrashinthewoods @ 08:46 PM (760 views)
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7 thoughts on “Darling sends pound crashing

  • Darling has been castigated by most of the press for being honest. He said:

    * The economy is in a very poor state.
    * the government has lost the confidence of voters.

    The press calls this a “blunder” or “a gaffe” etc etc.

    I think it’s amazing – a Nu Labour politician trying to be honest – more please!

    Reply
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  • Darling has been castigated by most of the press for being honest. He said:

    * The economy is in a very poor state.
    * the government has lost the confidence of voters.

    The press calls this a “blunder” or “a gaffe” etc etc.

    I think it’s amazing – a Nu Labour politician trying to be honest – more please!

    Reply
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  • Darling has not sent the pound diving.

    The MPC did that already by ignoring inflation and pinning their hopes on reviving the housing market by cutting rates.

    Darling is looking more and more like a sacrificial lamb …

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  • dohousescrashinthewoods says:

    Quite. The only one responsible here is Mr Brown with his decade of boom.

    He is the one who set us up for the biggest bust – ever – by binging like a lunatic on our communal credit card.

    Reply
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  • Why does it have to be Darling’s comments that have devalued sterling even further? Surely all the talk of borrowing a further £40 billion to prop up the housing market has left the UK looking like we have a lunatic for a leader.

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  • landofconfusion says:

    @ 10:21PM paul said…

    > Darling is looking more and more like a sacrificial lamb …

    I’m hoping that Brown will stay in until the next election. Seriously!

    I can see no way that Neu Liebour are going to get re-elected with him at the helm.

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  • This has al been pre-arranged and orchestrated by GB, because the pound was not sinking fast enough for him to sell all his euros, bought with OUR gold, to refinance NuLab, and be able to pull another economic miracle out of the bag, only this time it will be purely to bolster flagging NuLab finances. If, however he had held onto gold he could have made 400% profit rather than, at best, before parity, 40%. Blair wanted the euro, Brown said no, he is now, along with his motley crew, determined to sink sterling and drag the UK into the Euro zone.

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