The economy: The scaremongers selling us short

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Isn't that Brown's plan - set up a 'bad' bank with the toxic assets then make such a big killing that taxes can be halved thus guaranteeing labour winning the next election?

Not before the next election I think - it will take years for these assets to be realistically valued!

Possibly. But I don't believe the Labour party could plan the proverbial in a brewery.
And also if they are mark2market taking on the balance sheet of the banks would lead to the insolvency of the UK so not sure it would work.