Gordonomics : Higher Taxes, Nationalisations, Property Price Collapse, Printing Money, More Government Borrowing, Economic Bust
Ireland, which is taking the austerity route out of the crisis, slashing government spending, is attracting an entirely private sector solution to recapitalising banks. Property prices are becoming reasonable, tax rates are lower and big British run businesses are relocating to Ireland.
Ireland will probably be out of recession long before an economy crippled by Brown starts to recover – whoever wins the next election.
UPDATE : Ireland’s new finance bill is changing the law to entice non-doms to move from London to Ireland.