
First he said that Britain wasn’t in recession. (Lies of course!) Then, when he admitted that it was, it was only because every other country in the world was in recession. (Lies of course!) Then he said that it was the best placed nation to lead the world out of recession because of his prudent management of the economy. (Lies, of course...unless by leading he means from behind, and after everyone else!)
Britain is the last of the G7 economies to emerge from economic decline. The slump, lasting six consecutive quarters, represents the UK’s worst recession since comparable records began in 1955. It is also a ridiculously slight emergence at an estimated growth rate of 0.1%.
So much for the financial genius of Mr Gordon “I’ve ended boom and bust” Brown.
According to the Times: There are growing fears that Britain could tip back into recession after figures showing that the economy staggered to growth at the end of last year. The tiny 0.1 per cent uplift achieved from October to December, far worse than most City economists expected, threw Labour and Conservative election tactics into confusion. Gordon Brown’s hopes of hailing a lasting recovery were dashed amid signs that the next three months could be as difficult as the last.
Conservative plans to promise immediate spending cuts also looked questionable as analysts suggested a double-dip recession, in which the economy moves out of negative growth briefly only to go back into a second downturn soon afterwards.
So it’s back to the drawing board for both of the major parties. (The SNP doesn’t count remember: Mr Murphy says so.)
But worse still: Sterling fell on foreign exchanges and fresh concerns were expressed over the government’s ability to tackle Britain’s budget deficit.
Bill Gross, co-founder of Pimco, which runs the world’s largest bond fund, urged investors to steer clear of UK government bonds. He wrote on his website: “Gilts are resting on a bed of nitroglycerine. High debt with the potential to devalue its currency present high risks for bond investors.”
Given that the finances of the UK have been in the hands of the same man for the last 13 years, is it not something of which he should be heartily ashamed? Has he not completely and utterly cocked up our whole financial situation and subjected us, and our children, to a hitherto unimagined debt?
Is he not a complete and utter failure, and the worst Prime Minister this country has ever had, bar none?
Britain is the last of the G7 economies to emerge from economic decline. The slump, lasting six consecutive quarters, represents the UK’s worst recession since comparable records began in 1955. It is also a ridiculously slight emergence at an estimated growth rate of 0.1%.
So much for the financial genius of Mr Gordon “I’ve ended boom and bust” Brown.
According to the Times: There are growing fears that Britain could tip back into recession after figures showing that the economy staggered to growth at the end of last year. The tiny 0.1 per cent uplift achieved from October to December, far worse than most City economists expected, threw Labour and Conservative election tactics into confusion. Gordon Brown’s hopes of hailing a lasting recovery were dashed amid signs that the next three months could be as difficult as the last.
Conservative plans to promise immediate spending cuts also looked questionable as analysts suggested a double-dip recession, in which the economy moves out of negative growth briefly only to go back into a second downturn soon afterwards.
So it’s back to the drawing board for both of the major parties. (The SNP doesn’t count remember: Mr Murphy says so.)
But worse still: Sterling fell on foreign exchanges and fresh concerns were expressed over the government’s ability to tackle Britain’s budget deficit.
Bill Gross, co-founder of Pimco, which runs the world’s largest bond fund, urged investors to steer clear of UK government bonds. He wrote on his website: “Gilts are resting on a bed of nitroglycerine. High debt with the potential to devalue its currency present high risks for bond investors.”
Given that the finances of the UK have been in the hands of the same man for the last 13 years, is it not something of which he should be heartily ashamed? Has he not completely and utterly cocked up our whole financial situation and subjected us, and our children, to a hitherto unimagined debt?
Is he not a complete and utter failure, and the worst Prime Minister this country has ever had, bar none?

