Wednesday, September 13, 2006

The failures of Chancellor Brown

Economic figures released over the last few days should make us all very concerned. For the last nine years, Gordon Brown has prided himself over "his" economic policy. He is even using his credentials as Chancellor as his platform for his leadership bid.

But the current state of the economy is a far cry from the rose tinted view of Mr Brown.

This morning it was announced that the number of people unemployed in Britain has risen to it highest levels since 2000. In addition, due to the soaring costs of housing, that Mr Brown is unwilling to do anything about, hundreds of thousands of people are failing to maintain mortgage payments and risk losing their homes.

So just how well is the Chancellor doing? Well let me boil it down to the bare bones.

  • Unemployment has increased to it highest levels since 2000.
  • Inflation is increasing, and isn't within his target.
  • Interest rates will be increasing over the next few months, the Bank of England have already told us that.
  • Unchecked housing prices are causing people to take in too much debt.
  • Some 770,000 people have missed one or more mortgage repayments in the past year, increasing the risk of repossessions.
  • NHS defecits are increasing, and NHS chiefs fear cutting services to make the books balance.
  • Government borrowing far exceeds Gordon Brown's own rules leaving the country in debt.
  • Tax grabs on pension schemes have left companies unable to pay their pensioners, leaving them in poverty.
Gordon Brown needs to look at these issues before claiming he has done so well, as if he's that bad as the Chancellor, just how much trouble will he cause the country as PM?

1 comments:

AllBloodyTaken said...

Nice to see the reality of the crap job this berk Brown has been doing over the years finally sinking in. He has done nothing but squander all the gains from the Thatcher years.