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EXPRESS COMMENT

DITHERING BROWN MUST ACT NOW TO STAVE OFF RECESSION

Friday July 11,2008

Comment Speech Bubble Have your say(3)

GORDON Brown returned from the G8 summit yesterday but he might as well have stayed in Japan.

As the British economy slides towards recession, the dithering Prime Minister is in a state of denial.

He inhabits a parallel universe in which he deludes himself that he has single-handedly ended the “cycle of boom and bust”.

He should try telling that to all the families who are struggling to pay their mortgages and their food, energy and motoring bills.

Having given away control over interest rates – which were kept on hold yesterday – Mr Brown has severely limited his scope for bolstering economic confidence.

But much could still be done to help kick-start the economy. In America, the maligned administration of George Bush has sent a tax rebate cheque to every household in the land.

He deludes himself that he has single-handedly ended the “cycle of boom and bust”.

Opposition parties in Britain are full of ideas. The Conservatives have called for fuel duty and stamp duty cuts and are working on plans for lifting millions of low-paid workers out of income tax altogether.

Even the Liberal Democrats have come up with the suggestion of the State buying up unsold private housing stock at bargain prices to stabilise the property market and provide affordable homes for those who need them.

But Brown and his pathetic Chancellor, Alistair Darling, cannot even decide whether to postpone a scheduled 2p a litre rise in fuel duty.

They show no sign of responding to the rapidly deteriorating economic position before the pre-Budget report in the autumn.

By then it will be too late. Last summer the Government and the financial authorities took their eye off the ball and missed early warning signs of the credit crunch that crippled Northern Rock.

This summer ministers are displaying unforgivable complacency in the face of overwhelming evidence of a slump.
Brown’s indecisiveness could see thousands of people lose their jobs.

What is needed is not an autumn financial statement but an emergency summer one before Parliament adjourns for its annual 11-week long vacation.

MR BROWN MUST ACT NOW TO STAVE OFF RECESSION

22.07.08, 12:25pm

Ineffective rhetoric. How sad when looking at academia, its quangos, this inefective rhetoric from the government would not excite, motivate, a five year old, never mind enthusing a nation. Foriegn leaders have done this in an incredible way in the near past.
Pictures, pictures, paint us pictures, adults as well as children love pictures, the children of today are in dire need of a picture book, not, not a fairy tail, but true, hard, down to earth manly fact. Something, a vision a dream for the future, are you capable ?

• Posted by: juan01 • Report Comment

HOUSING IS THE CAUSE

12.07.08, 5:38pm

The economic mess we face originated in the overheated housing market. If prices weren't so high people wouldn't be struggling to pay their mortgages and there wouldnt be a credit crunch.

We must ensure any steps taken don't spark another ruinous housing boom.

• Posted by: Simon1 • Report Comment

BROWN - THE KING OF DITHERERS.

11.07.08, 7:16pm

There's not much one can add to this devestating analysis. Powerful men and women think long and hard about a problem, come up with a solution as THEY see it, take adviice about possible consequences, and then act - decisively. Brown?. What a fatuous poser. He not only has the dumbest "advisers in the country to rely on, but seeme to act as though by going home to wifey and getting a good night's sleep all will sort itself out by the dawn. I sometimes wonder about us English. Why do we not learn lessons?. No tory party in my lifetime, or indeed the political history I have read, has produced such diabolical disappointments as this lot of idiots in power right now. Next election - please get RID.

• Posted by: bluenote • Report Comment