Sunday, Oct 11, 2009

Brown says "recovery hasn't started"

The Telegraph: Government to sell off £16 billion of assets

'We need a deficit reduction plan that supports growth and jobs not one that snuffs out recovery before it has started,'' Mr Brown is to say.

Posted by devo @ 11:45 PM (1102 views)
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1. paul said...

Two years after it started, the recovery is still 'six months away' ...

When it gets to ten years, we'll know something went wrong.

Sunday, October 11, 2009 11:50PM Report Comment

2. devo said...

£16 billion of assets:

... is that mark to market?

... or mark to model (aka mark to fantasy) ?

Sunday, October 11, 2009 11:58PM Report Comment

3. devo said...

Lot 1: The Student Loan book

Going once...

Going twice...

SOLD! to the gentleman with the GS tie.

Monday, October 12, 2009 12:05AM Report Comment

4. enuii said...

Phew, first article of the day, as the site has been down all day I was beginning to think it had been knobbled by the Brown Stasi.

With regard to the £16bn I doubt that it will be worth that and with some of the 'assets' being owned by local authorities I imagine there will be a few court cases flying around of they are going to be mis-appropriated by central government.

I have also noted the subtle change of tone with regards to recovereh and the growing number of news stories indicating quite the contrary since the middle of last week.

Monday, October 12, 2009 12:09AM Report Comment

5. nomad said...

Gordon Brown rubbing hands together gleefully: "Goody goody! Another 16 bill to spend".

Monday, October 12, 2009 08:54AM Report Comment

6. inbreda said...

I wonder how much of that will be land/property/MoD estates?

Not going to help with the supply issues is it?

Monday, October 12, 2009 09:02AM Report Comment

7. waitingfor hpc said...

why can they not just print the money??? seems a lot easier way to do it?

Monday, October 12, 2009 09:48AM Report Comment

8. Cozza said...

I'm still waiting for a vote of no confidence against Buffoon Brown. When you think it can't get any worse...

Monday, October 12, 2009 11:48AM Report Comment

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