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Has the UK economy been handled better than the rest of Europe?
reduceditem
Posts: 3,057 Forumite
I'm talking about as it relates to this current recession, of course. Seems a fair question. What do you reckon?
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Haven't the foggiest clue. Something for the history books in a few decades I think, when there's a bit of hindsight...0
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Well....it's just that it seems so fashionable to pillory Brown, Darling et al.....but if you take a glance around Europe it seems that almost all other countries are being hit harder. So it must be reasonable to wonder if the management of our economy (as far as that's possible) might have been better thus far.0
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reduceditem wrote: »Well....it's just that it seems so fashionable to pillory Brown, Darling et al.....but if you take a glance around Europe it seems that almost all other countries are being hit harder. So it must be reasonable to wonder if the management of our economy (as far as that's possible) might have been better thus far.
It's honestly too soon to tell. A few weeks ago the IMF was saying that we were in the deepest doodoo, now reports are coming out saying we're in the least deap doodoo and we'll be out of the recession before the rest of Europe... it's the blind leading the blind really.0 -
Yes.
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The devaluation of Sterling has helped immensely :think:
Should Blair/Brown/Darling be praised for keeping us out of the Euro?
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
After borrowing a few hundred billions & QE another several tens of billions you would expect some money to be floating about for the time being...
Wouldnt you?Not Again0 -
1984ReturnsForReal wrote: »After borrowing a few hundred billions & QE another several tens of billions you would expect some money to be floating about for the time being...
Wouldnt you?
You would, and you have
I think it is called taking action. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The devaluation of Sterling has helped immensely :think:
Should Blair/Brown/Darling be praised for keeping us out of the Euro?
I think it was race to the exchange rate bottom with the Eurozone a bemused spectator, until now
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The devaluation of Sterling has helped immensely :think:
Should Blair/Brown/Darling be praised for keeping us out of the Euro?
The independence of Sterling has indeed been key, and I think Brown does deserve credit for coming up with the "5 Key Tests" ruse. It was basically a way of shutting up the Europhiles in his own party by dangling the promise of entry at some future date, safe in the knowledge that the conditions would never actually be met.
The independence of the Bank of England - another early Brown decision - has also played a big role. Without political meddling the monetary conditions going into this were much more favourable than they would have been, leaving them headroom to implement the biggest interest rate cuts of the major economies.0
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