Wednesday, 19 November 2008

I wish Gordon Brown was'nt enjoying himself!!

Not long ago British Prime Minister Gordon Brown was fighting off major criticsm of his performance. There were calls within his own Labour Party for a change. However, Brown's opinion poll ratings have gone up sharply. I think the Prime Minister and the Chancellor Alistair Darling did well to rescue the UK banks. However, the banks are not responding to their demands to keep lending at last year's levels.
www.searchaccountant.co.uk
However, I wish Gordon Brown was enjoying himself so much!! The more miserable the state of the British economy is, the more happy he looks. I would wonder if the interest rate cuts and the putative tax cuts will work. They would take time to take effect and would possibly be helpful by the end of 2009. It seems that people are talking of a two year recession.
Brown and Darling have talked of bringing forward public sector investment projects.
Yet the government's schools programme has had pitiful results. Projects such as Crossrail seem to fall in the black hole of planning. Apparently, the government deficit could reach £67bn without really trying and this is despite a rise in tax revenues.

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