A mean-spirited article, and wrong: it wasn't the work of one man.
... though he could have done much more to stop it; if he'd understood what was happening, which I am inclined to doubt.
I don't know...No house prices in Inflation figures.Lowered Bank Reserves.Called Spending "investment" but then never bothered to look at RoI.Hedonically "adjusted" inflation figures lower.The BoE FSA shambles of overlapping responsibilities and massive over-regulation.Saw the growth of M4 and debt as a good thing.Introduced compulsory unemployment (minimum wage).Massive theft from private pension schemes.If we didn't have PM Brown and his mal-investments, mal-regulation and debt servicing costs we would be best placed to weather the recession.
Merry Christmas anyaway, ACO.
Good find. Gordon may not be at fault for the US melt-down, but he is responsible for Britain being worst placed to survive the coming storms.He fucked my pension, of that I'm certain. He took lots of taxes off me and pissed it away, for sure. Because he believed he'd conquered boom & bust, he never prepared for the bust.
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