Just a quick observation that's been made before, but when the stock market was doing well, Blair and Brown were very quick to boast about it as evidence of Labour's economic credibility and successful stewardship of the economy.
Anyone want to bet whether they'll be accepting responsibility for the £63bn that was wiped off the FTSE 1000 yesterday as my pension value hit the bottom of the barrel? Of course they won't, because causality is much wider than the Government alone. Just like the causality of the "good times" was as well.
1 comment:
Personally, I'd expect to see one of the clowns describe it as "a market readjustment after a decade of unparalleled growth, by the most fiscally prudent and successful government in modern history". .....Or somesuch twaddle.
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