Wednesday, 14 October 2009

Everything Must Go!

I despair of Gordon Brown.

We are £175 billion in debt and he announces the sell-off of public assets to the approx value of £16 billion.

What's the point? All you are doing is replacing assets with cash. OK, you may be £16 bn less in debt but the other side of the ledger is £16 bn down in assets. Go figure.

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