Friday 29 August 2008

Recession and the disturbing lesson of history from a Prime Minister in denial

Daily Mail 29/08/08: .."Following this week's sobering news that economic growth in Britain has once again ground to a halt, and that the pound has suffered its worst monthly fall since we left the ERM in 1992, it can be stated with reasonable confidence that we are now entering a fourth economic recession, with all that means in terms of sheer, grinding human misery."
"He (Brown) must have declared hundreds if not thousands of times that, thanks to his policies, there would be 'no more boom and bust'."

"Of course we now know that he had done nothing of the sort. As the British people are about to discover to our cost, the economic cycle remains as potent, as unpredictable and potentially as destructive as ever.
The recession will claim many hundreds of thousands of jobs and send numerous businesses reeling towards bankruptcy before it is done."

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