Your choices are:
1) Selling 400 tonnes of British gold reserves in a pre-announced sale that helped drive the price received paid for the gold down to a 20 year low. Gordon Brown managed to receive under $300 an ounce for the gold, the price of gold closed last night at $1,456 per ounce. Gordon Brown and his advisers Ed Balls and Ed Miliband have lost the country around £9.1 billion - that's £9,1000,000,000 - so far on this deal.
2) Signing Britain up to the EU Stabilisation Fund during that period when the electorate had determined that labour was not the largest party in The Commons and so was unlikely to form the next government. How much this will cost the country is as yet unsure but £6 billion is at risk so far. Who was responsible for this decision? Blame is being placed on Alistair Darling but could he really make such a decision without the go ahead from Prime Minister Gordon Brown? And would Gordon Brown have said yes without conferring with his key ally Ed Balls?
3) Doubling public spending between 1999 and 2008, so burdening the country with debt that will take generations to pay off and could have meant us losing our triple A credit rating. What will the total amount of extra interest on the national debt be that can be laid at the feet of our former Prime Minister and his economic advisers, including Ed Balls and Ed Miliband?
It is tough to know which decision will eventually cost this country the most but it is clear that having taken these decisions, Gordon Brown, Ed Balls and Ed Miliband should have forfeited the right to pontificate on economic matters. At the very least their record should be pointed out to them in every interview they give.
1) Selling 400 tonnes of British gold reserves in a pre-announced sale that helped drive the price received paid for the gold down to a 20 year low. Gordon Brown managed to receive under $300 an ounce for the gold, the price of gold closed last night at $1,456 per ounce. Gordon Brown and his advisers Ed Balls and Ed Miliband have lost the country around £9.1 billion - that's £9,1000,000,000 - so far on this deal.
2) Signing Britain up to the EU Stabilisation Fund during that period when the electorate had determined that labour was not the largest party in The Commons and so was unlikely to form the next government. How much this will cost the country is as yet unsure but £6 billion is at risk so far. Who was responsible for this decision? Blame is being placed on Alistair Darling but could he really make such a decision without the go ahead from Prime Minister Gordon Brown? And would Gordon Brown have said yes without conferring with his key ally Ed Balls?
3) Doubling public spending between 1999 and 2008, so burdening the country with debt that will take generations to pay off and could have meant us losing our triple A credit rating. What will the total amount of extra interest on the national debt be that can be laid at the feet of our former Prime Minister and his economic advisers, including Ed Balls and Ed Miliband?
It is tough to know which decision will eventually cost this country the most but it is clear that having taken these decisions, Gordon Brown, Ed Balls and Ed Miliband should have forfeited the right to pontificate on economic matters. At the very least their record should be pointed out to them in every interview they give.
2 comments:
I can't stand Ed Balls, how he manages to maintain his seat is a mystery. They talk about psychopathic bankers, he's a psychopathic politician, a danger to the entire UK (and currently to Scotland given if we get Gray we'll get Balls' economic ideas.)
Atleast Brown has been sidelined (finally,) that Ed Balls & Milliband could get their hands on the controls of any part of the UK fills me with dread.
Mind you, I'm still not sold on this coalition. If there was a UK wide GE I'd probably vote for the 'You're F*&^ed Anyway' Party.
You missed the most important one. Adopting a Laissez-faire attitude to regulation of the financial sector on the assumption that they were a safe pair of hands and would continue to deliver ever increasing tax revenues to pay for all of the above.
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