Tuesday, April 15, 2008

Gordon Brown the Index Fiddler

This blog has always maintained Gordon Brown is an economic incompetent. As Britain shakes on the edge of an economic precipice, with the pound today hitting record lows against the euro, retail sales and property prices collapsing, the huge nature of the confidence trick played against the British public and the individual most clearly responsible can be seen by returning to this posting of mine on 'Ironies' from 13th August, 2003, linked here, from which I quote: .... the new Governor of the Bank of England, yesterday criticised the Government's decision to impose a new inflation target in a move that threatens to open a split between the Bank and Treasury. He said it was "strange" to have an inflation target that did not include house prices and warned it could be seen as "moving the goalposts". The deliberate non-indexing of hugely speculative house price increases, buy to let, etc., is all part of a gigantic confidence trick played against the British public by Tony Blair, Gordon Brown AND ALL their cabinet ministers! Of course if you had been reading my blogs you would already be aware of these facts!

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