British Politics’s Blog

The ravings of an individual, UK voter frustrated with our politicians

Posts Tagged ‘inflation

Gordon Browns own words come back to haunt him

with 6 comments

Over at political website Power to the People there has been analysis of some of the statements made by Gordon Brown in Labour Party Conference speeches or, as Chancellor in his budget address. Oh how, in the current climate, these words are coming back to haunt him.

Specifically, Gordon Brown, promised there would be no return to “Boom and Bust” and that he would not permit “instability, speculation or negative equity” in the property market whilst he was in charge of the UK economy. That notwithstanding, he has of course, also claimed credit for our economic growth, which I guess he can, but of course, his flawed, naive strategy allowed this to be achieved “on tick”. Surely, even a basic understanding of economics would have made clear, even to a “prudent” chancellor, that this boom would have to end (“bust”) and then, when the dust had settled, we would all be expected to repay our debts.

Gordon Brown may be prime minister now, but he cannot simply wipe away his 10 years as chancellor, during which he presided over a consumer boom financed on credit as well as a massive spending spree by the government, much of which was poorly invested. Today the Daily Mail suggested that there should be an end to Labour Party in fighting, to allow Gordon Brown to get on with the job of getting the UK economy back on track. Now here’s the thing, if Gordon Brown is so deluded, so removed from the real world that he cannot see where his policies have added to and fueled the current economic situation we are facing, how on earth can we trust him to do what is right for this country now? Maybe the tabloids are concerned that they, almost without exception, were also the very people that lauded Gordon Brown as a prudent and wise chancellor?

 

Google Groups
UK Politics
Visit this group
Advertisements