The wrong long-term decisions
Peter Hoskin 4:15pm
If you feel like smashing your computer monitor in frustration, then head over to this Sky News story. The headline: “Brown: we’re getting economy right”. Yes, that’s the outrageous claim our Prime Minister made in an interview earlier today, adding that: “I am making the right long term decisions for our country”.
It’s almost getting dull to point out how far out of touch our Prime Minister is with reality. Instead, I’ll point you to Fraser’s post of a few days ago, for the low-down on just how horrendous Brown’s previous “long-term decisions” have been.
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mark mason
April 15th, 2008 5:59pm Report this commentBrown is a lying arrogant deluded lunatic.
From the govts own advisors:
Peter Fava, then head of precious metals at HSBC. "We told them [the BoE] – you are going to push the price down before you sell it." That's just what happened, of course. Gold sank on the back of Gordon Brown's decision to announce his sales ahead of time. - "I was surprised they had chosen the auction method," adds Martin Stokes, a former vice-president at J.P.Morgan. "It indicated they did not have a real understanding of the gold market.
Jason
April 15th, 2008 6:47pm Report this commentI am as critical of Brown as anyone else here but he certainly got one over the so called experts when he flogged the 3G licenses at the top of the dotcom boom. The money made from those swamped any losses on gold sales.
Simon Orr
April 15th, 2008 11:33pm Report this commentJason that's not a good thing. In effect it was a huge windfall tax on telecommunications companies.
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