Wednesday, Sep 18, 2013

Boris Johnson claims British economy has had its 'Costa Concordia moment'

Guardian: Politician doing what he is good at

He is clever with words isn't he! He said he had "no inclination to hand back the wheel to the people who were on the bridge when it ran aground". I assume he means Labour but who really had their hands on the wheel of the UK economy when it "ran aground"?

Posted by mountain goat @ 05:34 PM (1316 views)
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2 Comments

1. flashman said...

The Labour government had their hands on the wheel. It really is simple; they spent too much and deregulated the banks.

This is what King had to say about the crisis.

"The power to regulate banks had been taken away from us … Our power was limited to that of publishing reports and preaching sermons."

Wednesday, September 18, 2013 07:05PM Report Comment
 

2. Reck B said...

Well, if he's going to draw comparisons, the UK economy ought to be dragged to the scrapyard & rebuilt, with those responsible for the mess punished.

Thursday, September 19, 2013 10:28AM Report Comment
 

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