Thursday, April 10, 2008

Britain's financial disaster could finish Brown and win EU Reform referendum

The ten year disaster that has been Gordon Brown's management of Britain's economy as chronicled on this blog since 2003 is finally gaining worldwide recognition. Read the Telegraph article on the IMF report here, the Guardian headlines its report 'Worst crisis since Great Depression' here and even Anatole Kaletsky in the Times here forecasts a 30 per cent crash in house prices which will certainly finish off the wierd creature presently occupying 10 Downing Street and any successor could not possibly start to cope with the crisis repeating the disgusting lie that the EU Reform Treaty and the Constitutional Treaty are not almost totally identical. Every cloud therefore has a silver lining. The econmy collapses but our democracy gets a second chance! A maintenance of present levels of interest rates by The Bank of England or a rise today would be the first sign some sanity is returning. A drop in rates will have no effect on mortgages and lead to further falls for sterling.

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