Saturday, 27 September 2008

Bye bye B&B? Hello "Command Economy"

It was in July that I last blogged about the possible demise of the Bradford and Bingley bank. It looks as though a future as an independent bank is now most unlikely and that, as no buyer is forthcoming, within the next week it will have to be nationalised in one way or another.

If this happens it may be that Gordon "Stalin" Brown may leave as his legacy a partly nationalised banking sector and a UK being run as more of a command economy than at any time since the late 1940s.

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