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Sarkozy lays into Brown's economic plans.
tomstickland
Posts: 19,538 Forumite
In a 90-minute grilling carried simultaneously on three TV channels last night, Mr Sarkozy pomised not to repeat Britain’s economic “mistakes” and said that the Prime Minister’s flagship VAT cut had “absolutely not worked”.
Oh dear oh dear.
http://www.timesonline.co.uk/tol/news/politics/article5675801.ece
Happy chappy
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Comments
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Sarko is quite right, we do need to increase public spending on infrastructure rather than cut taxes.Challenged over his own plans to boost the French economy by infrastructure spending rather than tax cuts, Mr Sarkozy said: “Britain is cutting taxes. That will bring them nothing. Consumption continues to decrease in Britain.”Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
Sarkozy lays into Brown's economic plans
Yeah, but he referred to him as a "normally sighted English fool", which debased his argument a little !!!!'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Lets be clear though - the French are disagreeing not with borrowing vast sums to pump into the economy, just on how to spend it. The Tories have predictably seized on Sarko's comments as another government jumping to their side, but that simply isn't true.
The Tories have argued against an economic stimulus full stop. The French on the other hand are borrowing E33bn to throw at infrastructure projects. That is going to take their 65% debt up towards 100%. Our debt is somewhere in the 50% area.
More details on the French action here and here0
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