Thursday 22 January 2009

Gordon Brown brings Britain to the edge of bankruptcy

Telegraph
"The country stands on the precipice. We are at risk of utter humiliation, of London becoming a Reykjavik on Thames and Britain going under. Thanks to the arrogance, hubristic strutting and serial incompetence of the Government and a group of bankers, the possibility of national bankruptcy is not unrealistic."
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Gordon Brown failed to spot that Labour's housing and credit boom was 'fraught with systemic risk', the City's financial watchdog has suggested.
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Pound barely recovers after after hitting 24-year low against dollar
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Interest rate cuts have robbed 'innocent' savers of £22billion, say Tories
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Car production drops by HALF in just one month while manufacturers report bleakest trading outlook in 28 years

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