"This morning David Cameron called on the government to accelerate legislation to protect savings.Does Gordon Brown even know what is going on, is he in control or just sitting in his bunker directing non-existent financial divisions?
This afternoon Gordon Brown said in my interview* with him that the Banking Bill would increase protection for depositors from £35,000 to £50,000.
This evening the Financial Services Authority are making it clear that neither man has affected what is their decision to raise depositor protection. It will not be in the Banking Bill.
The rise from £35k to £50k does not require legislation. The FSA has the power to do it and has been consulting on the proposal for some time. They were keen to announce their decision at a time of relative calm.
...
* This is the transcript of my interview :
Nick R: But government did say it would look again at that issue of protecting depositors after Northern Rock, and it's still not happened. Why isn't it right to say to people, rest assured, all your savings are safe?
GB: We did raise the amount from £35,000 and we're raising it to £50,000...
Nick R: But it hasn't happened yet?
GB: Yes yes, it's in the Banking Bill and it will go through very quickly and I hope it will go through with all-party support"
And this the man that the BBC are trying to convince us is our best hope in a financial crisis! This is the man who has conned the country for over 11 years and who even last week was lying about the relative states of the economy in 1997 and now. Gordon Brown is a lying, bullying, con-artist: he stole from our pensions, lied about his "prudence", misled us about the extent of public sector debt, fiddled the inflation statistics so as to artificially create a boom, introduced over 100 new taxes often by stealth... I could go on and on and on.
Tony Blair misled Parliament and the country over the Iraq war and thousands died, Gordon Brown's cumulative lies could result in the death of the UK.
By the way, wasn't it almost exactly a year ago that Alistair Darling mooted raising the depositors protection scheme limit to £100,000, why has that been forgotten? Are Alistair and Gordon scared of something?
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