Denseman on the Rattis

Formerly known as the Widmann Blog


Black Year?

The Open Europe blog has an interesting posting: They’ve calculated how far the pound fell on Black Wednesday and compared that to the fate of the pound after Brown become prime minister.

The result is not pretty: The pound already has fallen more under Brown that it did in the month after Black Wednesday.

Add to this that Brown has already wasted more money than was lost on Black Wednesday on his botched gold sale, and that Northern Rock could still end up extremely costly, and it makes you wonder how Brown has managed to look successful for that long.

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