StatCounter

Saturday 29 December 2007

Happy New Year Gordon

Take a read of Simon Heffer's column in today's Telegraph. The part on what Gordon Brown has to look forward to in 2008 should be read by all including our vile Prime Minister himself.


Here's an extract, but do read the rest:

"The year ahead, however, may turn out even worse for Mr Brown than 2007. Many were taken in by his stewardship of the economy, believing the blatant propaganda that Britain was an economic success story. The truth, we now see, is somewhat at odds with that.

House prices are in free-fall. Unemployment is rising. Growth is stalling. We are, most dangerously of all, awash with debt.

We have had, for most of its 10½ years in power, a Government committed to living beyond its means. It borrowed recklessly during years of plenty when it should have been reducing its debt.

Now we are entering years of famine in incredibly bad shape, with a people hooked on credit suddenly facing the bills coming in, and unable to pay.

As I have written here before, it was not least Mr Brown's obsession, when Chancellor, to bloat the supply of money that allowed the banks to have all this easy credit. Now they, and their customers, are facing stringencies unseen since the bleak days of the 1970s."

No comments: