Posted by: John | January 26, 2009

Last nail in Labour’s coffin?

So many questions:

1) Why didn’t he regulate the banks here?

2) Why didn’t he tell the British people?

Mr Brown defended his record, claiming that Britain had “low public debt, low inflation and low interest rates”, and that corporate debt was far lower than in previous times of financial crisis. He did not allude to Britain’s record levels of personal debt.

errr – he has no control over interest rates – he wouldn’t be claiming the credit again would he without stating where he has gone wrong?



  1. Actually that’s not entirely accurate. By binding the BoE to specific inflation targets, while dictating that inflation figures must not take asset prices into account, he kept interest rates artificially low, creating the bubble.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: