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Brown lost £2 billion selling UK's gold

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    #61
    jeeez,

    ah is not alluding to nothing

    Milan.

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      #62
      Originally posted by wendigo100
      So it was a bad decision, made worse by being badly implemented.

      Fair?
      I would not be so kind as to describe it as a bad decision!

      This is just one of the many problems that are now coming back to roost. The pension raid is another. Gibbo Brown is not nearly as clever as he likes (and wants us) to think.

      The boom in housing prices and personal debt was created artificially by the BoE to avoid the country entering a recession after the 9/11 attacks. GB has a hand in the appointment of a good number of the MPC members, so BoE decisions are not nearly as independent as one might think.

      Growth in this country is almost entirely down to immigration and the growth of public sector jobs. Manufacturing is employing record low levels at the moment, and the new industries are not employing enough to make up the slack - we have record numbers of people classed as economically inactive, and therefore not counted in unemployment statistics.

      Gordon Brown was bequethed a strong economy with rising employment and lowering inflation. We now have rising inflation. Interest rates are likely to have to go up again. Unemployment until very recently (last month or two) was going up and that was the official figures.

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        #63
        Originally posted by zathras
        Interest rates are likely to have to go up again. Unemployment until very recently (last month or two) was going up and that was the official figures.
        Just need a new way of calculating the Employment figures
        How fortunate for governments that the people they administer don't think

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